Domestic markets closed with massive gains in a session marred by a technical glitch and look set to extend their winning run to the third day today amid strong cues from global peers. However, volatility could remain high ahead of the February F&O expiry, and high crude oil prices could cap gains for the indices. At 7.20 am, SGX Nifty futures traded slightly higher at 15,030. In the overnight session, US Fed s Jerome Powell once again soothed investors fears over inflation and drove Wall Street higher. Powell, in a second day of testimony in Washington, said it may take more than three years to reach the central bank’s inflation goals, a sign the Fed plans leave interest rates unchanged for a long time to come. Besides, the US regulator said Johnson & Johnson’s Covid-19 vaccine is safe and effective, further boosting the market sentiment.
Here are the top stocks that are likely to be in focus today:
Nureca: Shares of Nureca will list on the bourses today. The IPO by home healthcare and wellness products provider that ran between February 15-17 witnessed 40 times subscription.
Max Financial Services, Axis Bank: The Insurance Regulatory and Development Authority of India (IRDAI) has given its approval for the acquisition of up to 12 per cent stake in Max Life Insurance by Axis Bank and its subsidiaries Axis Capital and Axis Securities.
Affle (India): Affle Holdings Pte Ltd, a promoter of Affle (India), on Wednesday, offloaded 3 lakh shares of the company worth over Rs 161 crore through an open market transaction.
Stocks in news: Nureca, Wipro, Cadila, Affle, Piramal Enterprises, Just Dial
Stocks to watch today on February 25: Nureca, Wipro, Cadila, Affle, Piramal Enterprises, Just Dial among others are the top stocks to watch out for in Thursday s trading session
BusinessToday.In | February 25, 2021 | Updated 09:33 IST
Stocks to watch today on February 25
Stocks to watch today: Here is a list of top stocks that are likely to be in focus in Thursday s trading session based on latest developments.
Nureca: The company s shares will be listed on exchanges today.
Max Financial Services: IRDAI has given its formal approval for the acquisition of up to 12 percent stake in Max Life Insurance Company by Axis Bank and its subsidiaries.
Axis Bank share rises 4% post IRDAI nod for stake buy, Max Financial hits new high
Gaining for the second straight day, Axis Bank shares traded 3.11% away from 52 week high of Rs 800. The stock has touched a 52-week low of Rs 285
BusinessToday.In | February 25, 2021 | Updated 15:47 IST
Axis Bank share has gained 17% in a month and 5% in one year. Year-to-date, the stock is up 24%
Shares of Axis Bank traded 4% higher intraday in Thursday s volatile session after the company announced that Insurance Regulatory and Development Authority of India (IRDAI) gave its formal approval for the acquisition of up to 12 per cent stake in Max Life Insurance by Axis Bank and its subsidiaries, Axis Capital & Axis Securities (together Axis Entities).