Equity benchmark indices settled lower after paring early gains on Friday after the Nifty 50 touched a record level for the fifth consecutive session. The BSE Sensex fell 15.44 points or 0.02 points to settle at 73,142.8. The NSE Nifty50 ended 4.75 points or 0.02 per cent lower at 22,212.7.
“Looking ahead, as we approach the February month Futures and Options (F&O) expiry alongside the MSCI rebalancing scheduled for Thursday, we anticipate heightened volatility. Several macroeconomic indicators from both domestic and global fronts will play crucial roles. In the US, GDP numbers and initial jobless claims will impact bond yields. Moreover, our own Q3 GDP figures slated for release on February 29th and monthly auto sales data on March 1st will be closely watched, “ said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Besides institutional flows, factors such as the movement of the dollar index, US bond yields, and crude oil prices will also influence market dynamics.
Here Are The Key Stocks To Watch On 26 February:
Biocon
The company has issued a corporate guarantee of $20 million on behalf of its wholly-owned subsidiary, Biocon Generics Inc., in favor of Mizuho Bank Ltd, securing a term loan facility for five years.
Ashok Leyland
The commercial vehicle maker announced that it has invested in TVS Trucks and Buses Private Ltd by acquiring equity shares worth Rs 24.95 crore. TVS Trucks is a joint venture between Ashok Leyland and TVS Mobility Private Ltd, with TVS Mobility holding 50.1 per cent and the company holding the balance shareholding of 49.9 per cent.
Kotak Mahindra Bank
The private sector lender said Zurich Insurance will acquire a 70 per cent stake in Kotak General for Rs 5,560 crore in a single tranche. "The Bank, Zurich, and Kotak General have mutually agreed that Zurich will acquire a 70 per cent stake in Kotak General by way of a combination of primary and secondary acquisitions in a single tranche, for a total consideration of approximately Rs 5,560 crore," the bank said.
HDFC Bank
HDFC Bank has received approval from the Reserve Bank of India (RBI) to sell a 90 per cent stake in its education loan subsidiary HDFC Credila. The stake will be acquired by a consortium of private equity firms, including BPEA, EQT, and ChrysCapital Group.
Skipper
The power transmission distribution structures manufacturer has received a new order of Rs 737 crore for the design, supply, and construction of a new 765 kV transmission line project for Power Grid Corporation of India.
