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Real Estate stocks edge lower

Read more about Real Estate stocks edge lower on Business Standard. Real Estate stocks were trading in red, with the S&P BSE Realty Index index decreasing 25.02 points or 0.88% at 2816.48 at 13:48 IST. ....

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Financials shares fall

Financials stocks were trading in the negative zone, with the S&P BSE Finance index falling 75.83 points or 0.94% at 8012.52 at 13:48 IST.
Among the components of the S&P BSE Finance index, IIFL Finance Ltd (down 4.76%), Bajaj Finserv Ltd (down 3.08%),Arman Financial Services Ltd (down 2.62%),Power Finance Corporation Ltd (down 2.54%),IndusInd Bank Ltd (down 2.31%), were the top losers. Among the other losers were RBL Bank Ltd (down 2.11%), HDFC Bank Ltd (down 2.05%), Housing Development Finance Corporation Ltd (down 2.01%), Indiabulls Housing Finance Ltd (down 1.92%), and Paisalo Digital Ltd (down 1.84%).
On the other hand, Indian Overseas Bank (up 20%), Bank of Maharashtra (up 20%), and Bank of India (up 19.77%) moved up. ....

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Market breadth turns negative

Barometers further pared gains in early afternoon trade, led by weakness in IT and private banks. Metal, PSU banks and realty stocks were in demand. At 12:20 IST, the barometer index, the S&P BSE Sensex, rose 63.59 points or 0.12% at 52,217.72. The Nifty 50 index was up 31.30 points or 0.20% at 15,346.
In the broader market, the S&P BSE Mid-Cap index rose 0.41% while the S&P BSE Small-Cap index gained 0.50%.
The market breadth turned negative. On the BSE, 1,364 shares rose and 1,439 shares fell. A total of 154 shares were unchanged.
Economy:
India s exports grew by 6.16% to $27.45 billion in January 2021, according to data by the commerce ministry. Imports grew by 2% to about $42 billion, leaving a trade deficit of $14.54 billion during the month under review, the data showed. ....

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Indiabulls Housing tumbles after weak Q3 performance

Read more about Indiabulls Housing tumbles after weak Q3 performance on Business Standard. Indiabulls Housing Finance slumped 5.72% to Rs 223.15 after the company s consolidated net profit tumbled 40.3% to Rs 329.32 crore on a 25.4% fall in total income to Rs 2514.70 crore in Q3 FY21 over Q3 FY20. ....

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Software-as-a-service applications emerge as new target for ransomware, report reveals

Photograph used for representational purposes only | Photo Credit:
Bloomberg
The report shows that Apple’s iCloud and Microsoft Outlook 365 are among products with the maximum vulnerabilities
Software-as-a-service (SaaS) applications have emerged as a new target for ransomware, and had the highest count of vulnerabilities that were seen trending with active exploits.
“We saw ransomware targeting 12 SaaS products with 47 vulnerabilities. We also found that 19 of these Common Vulnerabilities and Exposures (CVEs) are trending between 2018 and 2020,” pointed out a study report ‘Ransomware Through the Lens of Threat and Vulnerability Management’ by Chennai-based Cyber Security Works (CSW), an official CVE Numbering Authority (CNA), along with RiskSense, a company that provides risk-based vulnerability management. ....

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