Share Market News

Novartis AG will sell its 70.68% stake in Novartis India for ₹1,446 crore to a PE-led consortium, triggering an open offer of ₹860.64 crore as shares hit the upper circuit.

Indian markets rebounded after Thursday’s rout, with the BSE Sensex and Nifty 50 closing higher, led by PSU banks and metals, while IT stocks lagged amid global tensions and selective buying.

UN Secretary-General António Guterres called for a $3 billion global AI fund at the India AI Impact Summit 2026 to prevent widening inequality as AI adoption accelerates.

Omnitech Engineering is set to launch a ₹583 crore IPO from 25-27 February, with a price band of ₹216-227 per share and a market debut on 5 March. The funds will be used for debt repayment, capital expenditure, and setting up two new manufacturing facilities.

Indian markets enter Feb 19 after Nifty closed at 25,819, Sensex gained +0.34%, PSU Banks and Metals up over 1% and IT down 1.2%.

The RBI has mandated a ‘Unique Transaction Identifier’ for all OTC derivatives starting 01 January 2027. Read ahead about how this regulatory shift aims to align Indian markets with global standards, enhancing transparency and systemic risk monitoring.

Steel stocks, including Tata Steel, Jindal Steel & Power and JSW Steel, rose up to about 2%, driven by expectations of improving demand, restocking by consumers, and supportive macro cues in the domestic and global markets.

With tariffs agreed at 18% under the interim trade deal between India and the United States still awaiting a formal announcement, sources say the pact can be finalised and made public within the next 3–4 days, moving closer to implementation after recent negotiations between the two countries.

Sula Vineyards promoter Rajeev Samant raised his stake to 24.5% through open-market purchases in February, marking the first promoter buy since the company’s December 2022 IPO.

Cigarette stocks surged up to 20% after companies raised prices to offset higher taxes, narrowing expected EBIT impact to around 2% versus earlier estimates of 8–15%. The rally followed clarity on the new tobacco tax regime and NCCD changes.

SEBI has introduced new standard forms for stock brokers and clearing members to register under its updated 2026 regulations. The move aims to make disclosures more detailed and ensure only eligible entities enter the securities market.

The U.S.–Japan trade deal worth $550 billion was finalised, outlining key projects and cooperation areas. The agreement focuses on clean energy, critical minerals, and supply-chain resilience, with both countries.