The combined average daily trading volume in the equity segment of BSE and NSE fell 13% in February - a 15-month low - over the previous month in the wake of the slump in the stock market. It dropped 44% compared to the average turnover in 2024.

As India remains one of the few countries that taxes foreign portfolio investors on the gains made in the country s equities, some market participants said reduction in these taxes could make Indian equities more lucrative for these investors.

The brokerage, however, reduced the target price to ₹525 from ₹590 as REC is expected to see mid-teen growth instead of the 20% forecast earlier. The revised target price offers 39% upside potential from Monday s closing price of ₹378.

Tesla shares rose by 2% after Morgan Stanley reinstated it as its top U.S. auto pick, citing AI and robotics efforts despite a 45% drop in European sales. Analyst Adam Jonas reaffirmed a $430 price target, noting the company s shift from an automotive focus to AI and robotics, echoing CEO Elon Musk s pivot towards robotaxis and AI.

Sebi extended the deadline to March 31, 2025, for Alternative Investment Funds (AIFs) to report differential rights issues. The initial deadline was February 28, 2025. This move follows requests from the AIF industry for more time to comply with regulatory guidelines introduced in late 2022.

The Indian rupee closed slightly stronger at 87.37 per US dollar, benefiting from a weaker dollar index. Traders expect RBI intervention if the currency nears 88/$1.

Donald Trump’s announcement of a US strategic crypto reserve, including XRP, SOL, and ADA, initially fueled a rally but was met with skepticism. Crypto markets soon fell, with major tokens losing gains amid doubts over the plan’s feasibility.

Financial services company Wells Fargo has sold ITC s shares worth Rs 106 crore through an open market transaction. San Francisco-headquartered Wells Fargo & Company is a diversified, community-based financial services company with approximately USD 1.9 trillion in assets.

Tata Group plans to list Tata Capital, targeting an $11 billion valuation in India’s biggest IPO of 2024. The offering could raise $2 billion amid a booming IPO market despite recent stock declines.

Nifty fell for the ninth straight session, while Sensex declined for the second consecutive day, dragged by financial stocks. Analysts see short-term rebound potential, but the broader trend remains bearish, with key support at 22,000 and resistance at 22,300.