The Times of India

Gold price prediction today: Gold prices may continue to rise if the US dollar weakness persists, says Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan:

IT stocks experienced a sharp decline as Anthropic's Claude Code tool showed potential to modernize legacy COBOL systems. This development triggered concerns about AI's impact on traditional IT services, with major players seeing significant drops in their share prices. The news highlights a growing unease about AI fundamentally reshaping the industry's competitive landscape and business models.

Since the majority of mainframe computers running COBOL are produced by IBM, the development triggered heavy selling in the companys stock. The stock dropped as much as 13% during intraday trading, marking its steepest single-day fall since March 2020.

IDFC First Bank on Monday said it expects to stay profitable despite a Rs 590-crore impact from fraudulent transactions involving Haryana government-linked accounts, even as its shares fell 16% during the day.

Stock market today: Nifty50 and BSE Sensex opened in red on Tuesday on weak global cues following fresh tariff threats from US President Donald Trump. While Nifty50 dropped over 100 points, BSE Sensex went below the 83,000 mark.

Stock market recommendations: Somil Mehta, Head - Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan recommends GMR Airports, Kotak Mahindra Bank, and L&T Finance as the top stock picks you can consider for February 24, 2026. He provides detailed target and stop loss levels:

Bank appoints KPMG for forensic audit | CEO expects lender to remain profitable

Tells banks to focus on core biz, assess customer needs

A groundbreaking report, The 2028 Global Intelligence Crisis, by Citrini Research and Alap Shah, reveals AI's complete job takeover. Focusing on operational efficiency and human labor displacement, the study highlights expanding corporate margins via automation. However, it raises alarms about a growing Ghost GDP, urging readers to explore this critical shift in global markets.

Finance Minister Nirmala Sitharaman stated there is no roadmap for public sector bank mergers, indicating consolidation is not actively considered. A new banking reform panel will review the sector's future, examining all aspects to strengthen the ecosystem and align it with India's growth goals.

US Trade Representative Jamieson Greer has said that none of the nations which had concluded trade agreements with Washington had indicated any intention to reconsider or withdraw from those arrangements in the wake of the courts decision.

India is expected to push for clauses that protect against similar judicial setbacks in the future. One source noted that the decision has materially weakened Trumps negotiating leverage.

President Trump launched a scathing attack on the Supreme Court, labeling it incompetent and idiculous after it struck down his tariffs. He claimed the ruling inadvertently granted him broader presidential powers, particularly in trade policy through licensing tools, while criticizing the court's decision-making.

Prime Minister Narendra Modi is set to inaugurate Uttar Pradesh's Noida International Airport at Jewar next month. Uttar Pradesh chief minister Yogi Adityanath announced this, highlighting the state's leading position in aviation infrastructure with the highest number of airports. The upcoming Jewar airport is poised to become India's largest, serving as a significant hub for both passengers and cargo.

Sothebys International Realty sees 2025 as a watershed moment for the citys ultra-luxury property segment, with nearly 1,494 homes in the Rs 10 crore-plus category sold over the 12-month period.

Following the US Supreme Court's invalidation of global tariffs, the European Commission urged the US to adhere to the EU-US trade agreement. President Trump's subsequent increase in tariffs from 10% to 15% has drawn strong criticism from the EU, which insists on maintaining the agreed-upon 'fair, balanced, and mutually beneficial' trade terms.

China reiterated its opposition to unilateral tariff hikes following the US Supreme Court's decision striking down President Trump's tariffs. The court ruled the President lacked authority under IEEPA to impose such duties. Beijing urged the US to remove all unilateral tariffs, while Trump indicated plans for new tariff actions.

The statement from Chinas Commerce Ministry on Monday followed closely on the heels of a significant setback for President Donald Trump at the US Supreme Court, which invalidated several of the tariffs introduced as part of his broader global trade strategy, including duties targeting China.

Finance Minister Nirmala Sitharaman attributed rising gold prices to increased buying by central banks and strong domestic demand. She assured that the government is monitoring the situation, noting it hasn't reached alarming levels. Sitharaman also stated the finance ministry is assessing the impact of a US Supreme Court ruling on tariffs.

The judgment was delivered by Justice Somasekhar Sundaresan in Prakash Krishna Gamare & Anr v. Krishna Ganpat Gamre & Anr, where the Court quashed a Maintenance Tribunal order directing two sons to vacate a residential property owned by their father.

Following the disclosure of the fraud involving Haryana government accounts, the state government removed IDFC First Bank and AU Small Finance Bank from its empanelled list for handling government business.

US Customs will cease collecting tariffs under the International Emergency Economic Powers Act from Tuesday, following a Supreme Court ruling deeming them unlawful. This move comes as President Trump introduces new 15% global tariffs under a different legal basis. The suspension specifically targets IEEPA duties, with other trade tariffs unaffected.

IDFC First Bank Managing Director and CEO V. Vaidyanathan sought to limit the fallout, asserting that the lapse was restricted in scope and stemmed from internal collusion rather than any broader structural weakness.

Asian markets rose as the US dollar weakened following a Supreme Court ruling invalidating a key part of President Trump's tariff framework. Technology stocks led the gains across the region. The decision injects uncertainty into the trade outlook, with potential legal battles and revised tariff plans expected.

Stock market recommendations: KEI Industries, and Punjab National Bank (PNB) are the stocks recommended by Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities for the week starting February 23, 2026. Heres his detailed analysis and outlook for Nifty and Bank Nifty:

Gold price prediction today: Gold prices suggest an underlying bullish bias, according to Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. The commodities expert shares the factors that will guide gold prices in the coming days and key levels to watch out for:

IDFC First Bank shares plunged 20% after the bank revealed a Rs 590 crore fraud at its Chandigarh branch involving unauthorized transactions from Haryana government accounts. Four employees have been suspended as an internal investigation and police complaint are underway. The bank is taking steps to recover funds and conduct a forensic audit, assuring other customers remain unaffected.

President Trump insists on a $2,000 payment to Americans, funded by tariffs, potentially bypassing Congress. This claim faces significant hurdles after the Supreme Court limited his tariff authority, potentially requiring billions in refunds. Trump has since adjusted his tariff strategy, but the program's affordability remains uncertain.

Indian stock markets opened higher on Monday, with Nifty50 and BSE Sensex trading in green, boosted by positive global cues. This optimism follows a US Supreme Court ruling against President Trump's tariffs, though new tariff increases were announced. Crude oil prices dipped as nuclear negotiations progressed.

Morgan Stanley is bullish on Reliance Industries' $110 billion AI investment, seeing it as a major capital shift. Investec initiates a buy on JSW Cement, highlighting its execution and cost leadership. Motilal Oswal recommends Lenskart, despite near-term capex impacting cash flow. Macquarie remains cautious on United Spirits due to growth concerns, while HSBC holds ITC with limited upside triggers.

Stock market recommendations: Max Financial, and Delhivery are stocks recommended for buying by Motilal Oswal Financial Services Ltd for the trading week starting February 23, 2026. Below is a detailed analysis:

Following a Supreme Court setback, President Trump is directing new Section 301 investigations against trading partners. These probes, covering industrial policies to drug pricing, empower the USTR to enforce trade rights and respond to unfair practices. Past actions have led to significant tariff impositions, particularly on China, with ongoing reviews and new investigations initiated.