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Market breadth remained neutral, with the NSE advance-decline ratio standing at 1:1.The Midcap index fell 258 points to end at 59,256, underperforming the benchmarks, while Nifty Bank added 92 points to close at 61,264.IT stocks extended losses for the third straight session, weighing on sentiment within the sector.Among individual names, IDFC First Bank plunged over 16% after disclosing a ₹590 crore fraud at its Chandigarh branch. UPL tumbled 14% following a restructuring announcement, while AU Small Finance Bank slipped 6% after being de-empanelled by the Government of Haryana.HAL remained under pressure, falling more than 3% amid developments related to the LCA Tejas aircraft programme.On the gaining side, Morepen Laboratories surged 16% after securing an ₹825 crore global order. Olectra Greentech rose nearly 3% after bagging a ₹1,800 crore Telangana e-bus order.Axis Bank gained over 1% after denying reports of bidding for a stake in CreditAccess Grameen. Adani Ports advanced 3% after signing an MoU with NMDC and Brazil-based Vale, supporting sentiment in the port operator.

Benchmark indices ended largely in the green, with the Sensex rising 480 points to close at 83,295 and the Nifty gaining 142 points to settle at 25,713. The Nifty managed to hold above the 25,700 mark, even as broader markets underperformed.Market breadth remained neutral, with the NSE advance-decline ratio standing at 1:1.The Midcap index fell 258 points to end at 59,256, underperforming the benchmarks, while Nifty Bank added 92 points to close at 61,264.IT stocks extended losses for the third straight session, weighing on sentiment within the sector.

Rupee Ends At 90.88/$ Against Friday’s Close Of 90.98/$

Hindustan Aeronautics Ltd. said it is working closely with the Indian Air Force (IAF) after a fleet of around 30 single-seat Tejas jets were grounded after reports of airframe damage.

Shares fell 4% Monday morning and is still down 3.21%, trading ₹4,036 apiece.

The company said it is carrying out an in-depth procedural analysis to ensure a speedy resolution.

Olectra Greentech Ltd. gained over 4%

Trigger: Its subsidiary Evey Trans Private Limited (EVEY) received orders worth ₹1,800 crore

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More than three days after the US Supreme Court ruled that the penalties were unlawful, the US Customs and Border Protection agency said that it would stop collecting tariffs imposed under the International Emergency Economic Powers Act at 12:01 a.m. EST (0501 GMT) on Tuesday, February 24.

On Monday, February 23, Finance Minister Nirmala Sitharaman emphasised that banks’ mis-selling is a serious issue and that lenders should concentrate on their primary functions of lending and deposit mobilisation rather than addressing the needs of their actual clients.

The shares of Olectra Greentech surged further, recovering from the lows after bagging a new order worth ₹1,800 crore.

The temporary nature of the latest US trade tariff revisions, according to Sanjeev Prasad, MD & Co-Head of Kotak Institutional Equities, makes it hard for investors and businesses to make definite decisions, which causes planning issues for importers and exporters.

Receives Order For Supply Of 1,085 Buses Worth ₹1,800 Cr From Telangana Govt

The shares of PB Fintech have lost their momentum and declined from the highs of the day, falling into red territory.

The shares of Ola Electric declined further today and have fallen over 50% this year.

For hearing solutions, LTIMindtree inked a seven-year, $100 million contract with a European MedTech company. The stock has down 18.10% during the last month, and Jefferies reduced its rating.

The Nifty Defence Index declines further.

The shares of HAL extended losses, making it one of the biggest losers among Defence stocks.

The shares of Bharat Dynamics fell from the highs of the day, turning negative, and are now 3%.

On Monday, February 23, Hindustan Zinc Limited said that it and Tripura Group had inked a strategic Memorandum of Understanding (MoU) for the establishment of a production facility at the latter’s proposed Zinc Park in Rajasthan.

The shares of Indian Bank surged further, hitting a 52-week high after gaining over 3% today.

On Monday, February 23, TIL Ltd.’s stock fell by about 3% after the firm announced that its board had authorised fundraising through the issuance of equity shares on a rights basis.

LTIMindtree | Announces Multi-Year, $100 Million Strategic Agreement With A MedTech Company In Europe

To Buy 50% In Garden City Malls From Runwal Residency In Dombivali For ₹434 Cr

“As a policy, we do not comment on any individual bank or regulated entity,” RBI Governor Sanjay Malhotra remarked in response to the recent fraud investigation at IDFC First Bank. We’re keeping an eye on the developments. This does not pose a systemic concern.

The shares of Aditya Birla Group’s Hindalco declined, falling from the highs of the day.

NBCC says that it held a discussion with the Seychelles Delegation for the development of 139-acre project

TCS | Partners With ServiceNow To Accelerate Large-scale AI Adoption For Enterprises

As the Nifty index surged, these are the biggest volume-based movers among Nifty 500 stocks

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