As we wrap up the Q3FY24 earnings season, a comprehensive analysis reveals that Nifty’s performance was broadly in line with market expectations. While there were no significant surprises, topline growth continues to exhibit a subdued trend across sectors. Notably, heavyweight constituents of the Nifty, such as financials, IT, and FMCG, have displayed sluggish earnings growth.

The Reserve Bank of India (RBI) has permitted authorised bank and non-bank and non-bank prepaid payment instrument (PPI) issuers to issue cards for making payments across various public transport systems. The latest move is set to make travel plans for commuters more convenient and hassle-free as they will be able to travel across platforms such as bus, metro, train and even pay for the parking.

Understanding seasonal trends is paramount for traders looking to capitalize on the dynamic nature of the precious metals market. In the context of MCX Gold and Silver trading, historical patterns offer valuable insights into periods of heightened demand and potential price movements. Let's delve into the seasonal trends observed in the Indian market and explore additional factors.

Bulls continued to dominate the Indian market led by positive domestic and global factors with Nifty hitting a fresh record high. Meanwhile, broader indices mixed with the Midcap index ended the week with a minor change, while Large and Smallcap indices gained 1 percent each. This week, BSE Sensex rose 716.16 or 1 percent to close at 73,142.8 and inched closer to its record high level of 73,427.

As per the data released by Central Board of Direct Taxes, India’s direct tax collections surged by 17.30% to ₹ ₹18.38 lakh crore on an annual basis for FY 24.Shares of Vibhor Steel Tubes got listed at a premium of 181% over issue price of ₹151 while IPO of Juniper Hotels got oversubscribed by 2.18 times.Quantum AMC, Mahindra Manulife AMC and IPRU AMC have launched the NFOs.

Juniper Hotels IPO: Bidding for the initial public offering (IPO) of Juniper Hotels Limited ended Friday. In three days of bidding from Wednesday to Friday, Juniper Hotels IPO was subscribed 2.08 times. Meanwhile, after the tepid response by the primary market investors, shares of the luxury hotel company continue to trade at par in the grey market.

Mutual funds: In January 2024, investments in hybrid mutual fund schemes totaled ₹20,637 crore, marking a 37 percent increase from December 2023. Palka Arora Chopra, Personal Finance Experts suggests that a strategic approach to incorporating hybrid mutual funds in a balanced portfolio revolves around diversification across asset classes.“Allocate a portion to equity-oriented hybrids for growth.

Pink Floyd sang ‘We don’t need no education!’ and it has become an anthem for generations who hated the regimentation of STEM education and fought to add an ‘A’ to the acronym and make it STEAM. But Hindi films and series have been so stuck that they spend two seasons expounding the evils of rote learning at Kota Factory coaching classes and ambitious fathers who drive their kids to doing better.

India’s Go First has received two financial bids as part of its bankruptcy process, said two bankers who attended a meeting of the airline’s creditors held on Friday. Budget carrier SpiceJet’s managing director, Ajay Singh, and Busy Bee Airways have jointly submitted a bid of 16 billion rupees ($193.10 million) for the airline, the bankers said.

Spot gold closed with a gain of 0.57% at $2036 Friday. The metal was up nearly 1% on the week. As per the macroeconomic data released Friday, China's new home prices - 70 City Index (January) slid for the eighth consecutive month in January. Germany's GDP contracted 0.30% in the 4Q as per the final reading, which matched the forecast.

Resident welfare associations (RWAs)of Secunderabad Cantonment have raised objections towards fixing of flow water meters, levying fresh charges and imposing restrictions on the usage of groundwater under the new regulations for digging borewells.RWAs asked Cantonment board officials to take their opinions before finalising the draft regulations.

GPT Healthcare IPO: The initial public offering (IPO) of GPT Healthcare Limited hit the Indian primary market on 22nd February 2024 i.e. on Thursday last week. the public issue will remain open till 26th February 2024 i.e. till Monday next week. The mid-sized multi-specialty hotel company has fixed the issue price at ₹177 to ₹186 per equity share.

To rescue Go First Airlines from its financial challenges, SpiceJet's CMD Ajay Singh and Busy Bee Airways, which is largely owned by EaseMyTrip CEO Nishant Pitti, have unveiled a rescue plan involving a total infusion of Rs 1,600 crore into the struggling airline. According to sources cited by CNBC-TV18, the consortium has put forth a proposal that includes the acquisition of Go First.

Wall Street's main indexes opened higher on Friday after a stunning rally in the previous session, spurred by upbeat results from AI poster child Nvidia that renewed enthusiasm about artificial intelligence. The Dow Jones Industrial Average rose 58.86 points, or 0.15%, at the open to 39,127.97. The S&P 500 opened higher by 13.89 points, or 0.27%, at 5,100.92.

The surge in Nvidia Corp. shares on Thursday has left short sellers with about $3 billion in paper losses, according to an analysis by S3 Partners LLC, which called it an “AI-generated nightmare” for bearish traders.The mark-to-market losses are another blow for contrarians who argued that Nvidia’s sky-high valuations and speculative fever had all the makings of a market bubble.