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With a three-stage $18 billion investment planned in Argentina, multinational mining company BHP is focusing its next phase of expansion on copper, which might sustain consistent production over the ensuing ten years.

The shares of LTI Mindtree dipped close to 3%, making it the biggest loser on the Nifty IT Index.

Ajit Mishra, Religare Broking

Sneha Seth, Derivatives Research Analyst, Angel One

On ITC

The Nifty IT index has declined by over 500 points, as tech stocks trade under pressure.

Safari Ind enters into a licensing agreement with CRL to use CARLTON brand for 20 years

License fee to use the Carlton brand will be ₹45 lk or 5% of net sales per year

As part of the India AI Mission, the government is developing a “UPI-like” public digital infrastructure for artificial intelligence, according to Ashwini Vaishnaw, Minister for Railways, Information & Broadcasting, and Electronics & Information Technology.

On Wednesday, February 18, Cars24, a domestic used car marketplace, introduced what it says is India’s first lifetime warranty on automobiles, offering long-term ownership protection for vital powertrain parts including the drivetrain, engine, and gearbox.

Over the medium to long term, domestic defence manufacturing and associated service providers may benefit from India’s ambitions for defence purchase and aircraft replacement, according to Amit Anwani, Research Analyst at PL Capital.

IIFL Says Eli Lilly has already built $1.5 Bn worth of Orforglipron (Oral GLP-1) inventory, but Divi’s is nowhere to be seen till now

Alert: Lilly secured ‘pre-launch inventories’ worth $1.5 billion as of Dec 31, with most of that supply tied to orforglipron, the company said in a securities filing this week

Amisha Vora, Chairperson and Managing Director, PL Capital On CNBC-TV18

The Nifty Metal index is on the rise; even the larger market continued to remain low.

The shares of Hindustan Copper rose as metal stocks recovered from the losses incurred in the past few sessions.

Jay Thakkar, Head Derivative and Quant research, ICICI Securities

As the indices struggle to make a breakthrough in a stagnant session, these are the biggest volume based movers among Nifty 500 stocks.

Deven Choksey, MD, DRChoksey Finserv

On IT

Deven Choksey, MD, DRChoksey Finserv

On BPO businesses

We believe that this particular business is undergoing a transformation, and they’re using AI agents at the forefront to probably produce the solution. I’m not too sure whether these companies have started changing the revenue model.

The revenue model, if it becomes an outcome-based revenue model, which means the kind of business that they would assume from their clients if they end up I think, providing services in that direction, could possibly have a relatively better revenue going forward.

But whether this transition is completely happening at this point in time or is it still in the transition process, I’m not too sure. So, we are not taking any fundamental call on these companies.

Deven Choksey, MD, DRChoksey Finserv

On NBFCs

Dabur falls over 1% over top-level management rejig

IT sector is under pressure; most major stocks are down nearly 2% each, tracking global cues & amid AI uncertainty

Nvidia Says: To collaborate with E2E, L&T & Yotta For advanced AI factories

E2E Networks is building an Nvidia Blackwell GPU cluster on its TIR platform

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