The Economic Times

Redington shares surged up to 17% after a teaser from Apple CEO Tim Cook hinted at major product launches next week. With Apple contributing nearly one-third of Redingtons revenue, investor enthusiasm spiked ahead of expected updates to iPhone, iPad and Mac lineups, reinforcing optimism around the distributors growth prospects.

Indias benchmark indices ended flat amid selling in financial stocks. Individual stocks were active, with XTglobal, Tejas Networks and Sanofi Consumer rallying, Angel One adjusting for stock split, and Home First declining.

Indian IT stocks face sharp corrections amid AI disruption fears. Anand Mahindra advises against extreme AI doomsday predictions. He believes AI will pressure IT firms to adapt, focusing on outcomes and value delivery. While some roles may change, new opportunities in AI integration and governance will emerge.

Indian benchmark indices Nifty and BSE Sensex ended flat on Thursday, weighed down by selling in financial stocks led by HDFC Bank. Market sentiment stayed weak as technical indicators signalled fading momentum, while global cues remained mixed across major Asian and European indices.

After gold and silver delivered spectacular gains in 2025, Indian equities enter 2026 shaped by slower global rate cuts, geopolitical risks and a shift from slowdown to recovery. Largecaps may stay resilient, while mid and smallcaps could benefit from improving consumption trends and banking reforms, though global growth and currency risks persist, a report by 1 Finance suggest.

Twenty-seven BSE-listed companies with market caps over Rs 3,000 crore turned profitable sequentially in the December quarter. While six stocks saw share price surges of 10-55%, many others declined, with the top five laggards dropping 20-40% in three months.

Defence stocks such as Hindustan Aeronautics, Bharat Electronics and others gained up to 5% after reports of a potential IndiaIsrael defence pact. The agreement, expected during Prime Minister Narendra Modis Tel Aviv visit, may prioritise technology transfer in missile defence and advanced weapon systems.

Shares of XTGlobal Infotech hit the 20% upper circuit at Rs 33.18 on the BSE after the company secured an AI Enablement for Engineering Services contract from a US-based state transportation agency. The six-month engagement is valued at about $796,900. Managing Director Ramarao Atchuta Mullapudi said the win strengthens its transportation vertical and US public sector presence.

Indian solar energy stocks saw gains on Thursday. Brokerages reassured investors, downplaying the impact of new US import duties. Companies like Waaree Energies and Premier Energies are expected to remain largely unaffected. This is due to their sourcing strategies and limited reliance on Indian-made solar cells for US exports.

Shares of Tejas Networks rose sharply after the company sealed a major agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios. MIMO (Multiple-Input Multiple-Output) is a wireless technology that enhances data speeds and signal reliability by using multiple antennas at both the transmitter and receiver.

Nykaa's parent company, FSN E-Commerce Ventures, has seen its shares surge by 64% over the past year. This rally follows strong operational performance and robust profit growth. Despite the impressive comeback, experts are divided on whether the current stock price offers a favorable risk-reward proposition. Some analysts recommend a buy on dips, while others suggest booking profits.

Angel One shares appeared to crash 90% on Thursday, but the sharp fall was due to a 1:10 stock split adjustment on the record date. The stock opened at Rs 251 compared to the previous close of Rs 2,489.90 and was down about 1% in early trade.

Sanofi Consumer Healthcare shares surged over 14% following a robust 50% year-on-year net profit increase to Rs 66.5 crore in Q4. Driven by product relaunches and strong export growth, the company reported a 47% revenue jump. Full-year profit rose 33%, prompting a Rs 75 per share dividend payout.

Indian IT stocks have seen a sharp downturn in February, with the Nifty IT index dropping 21%. This decline was triggered by new AI launches and capabilities from startup Anthropic, raising investor concerns about potential disruptions to the sector. Major IT firms experienced significant single-day losses following these developments.

Indian IT stocks experienced a significant downturn due to AI concerns, with the Nifty IT index falling 21% in February. However, 25 select stocks defied the slump, showing positive returns by focusing on AI infrastructure, integration, and specialized engineering, indicating potential future growth themes for the sector.

Indian stock markets are on the rise for a second day. The Sensex opened higher by over 140 points. The Nifty is trading above 25,500. Technology stocks are leading the gains, following their Wall Street counterparts. Major IT firms like Tech Mahindra and Infosys are seeing significant increases. Some other companies are also performing well.

IRFC's Offer for Sale (OFS) opened flat at Rs 104, with the government divesting a 2% stake. The issue saw 95% subscription from non-retail investors on the first day. Experts suggest IRFC remains fundamentally strong, with the OFS presenting a tactical opportunity for investors to reassess positioning.

Bharti Airtel is injecting Rs 20,000 crore into its new NBFC, Airtel Money Limited. This move positions the company as a direct lender, competing with established players. Airtel aims to leverage its vast customer base and data capabilities. The company previously acted as a loan distributor. This strategic pivot seeks to capture a significant share of India's underserved credit market.

Indian IT stocks are poised for focus following Nvidia's robust quarterly earnings, which spurred a Wall Street rally. This positive sentiment emerges amidst recent volatility in the IT sector, triggered by AI startup Anthropic's new tools. Analysts suggest the AI technology cycle is in its early monetization phase, with Indian IT firms expected to benefit significantly from increased AI spending.