The aggregate holdings of foreign portfolio investors (FPIs) in the Indian stock market decreased to a decadal low. The FPIs now hold around ₹62 lakh crore worth Indian stocks as of January 2024-end, against the aggregate market capitalisation of ₹380 lakh crore.This implies that FPI holdings in Indian equities fell further to 16.3% at the end of January 2024.

GPT Healthcare IPO allotment: After receiving a decent response from investors during the bidding period from February 22 to February 26, attention now turns to the allotment of GPT Healthcare.The allotment for the GPT Healthcare IPO is likely to be finalised today. Investors can check their allotment status on the registrar, Link Intime India Private Limited and the BSE website. 

The shares of Deem Roll Tech debuted with a premium of 55% on the NSE SME platform on Tuesday. The stock listed at Rs 200 as against an offer price of Rs 129.Ahead of the listing, the company's stock traded with a premium of Rs 88 in the unlisted market.The IPO, which is entirely a fresh equity issue of 22.68 lakh shares, received a healthy response from investors.

Vodafone Idea shares fell a percent in the early trade on February 27 ahead of the Aditya Birla group company’s board meeting to discuss a proposal for a large fund raise. At 9.18 am, the telecom operator's was quoting at Rs 16.7 on the National Stock Exchange (NSE), down almost a from the previous session. The board of directors will meet on February 27 to consider all proposals for raising.

The shares of Zenith Drugs debuted with a premium of 39% on the NSE SME platform on Tuesday. The stock listed at Rs 110 against an offer price of Rs 79.Ahead of the listing, the company's stock traded with a premium of Rs 40 in the unlisted market.The IPO, which was entirely a fresh equity issue of 51.48 lakh shares, received a healthy response from investors.

Gold And Silver Prices Today: Gold prices witnessed a slight decline on Tuesday. The price of 24 carat gold is Rs.6315.7 per gm, a decrease of Rs.711.0. The price of 22 carat gold is Rs.5785.2 per gm, down by Rs.651.0.The percentage change in the price of 24 carat gold over the last week has been 0.01%, while over the last month it has shown an increase of 1.24%.

Global brokerage firm UBS upgraded the stock of Tata Consultancy Services (TCS) to "buy" from "neutral" rating, raising the target price to Rs 4,700 from Rs 4,000 apiece, implying an upside of 17 percent from current levels. The bullish call came as analysts believe that the ramp-up of large deals will drive growth in the long term.

Reported Standalone quarterly numbers for Stovec Industries are: Net Sales at Rs 57.97 crore in December 2023 down 4.85% from Rs. 60.93 crore in December 2022. Quarterly Net Profit at Rs. 4.01 crore in December 2023 up 140.75% from Rs. 1.66 crore in December 2022. EBITDA stands at Rs. 6.77 crore in December 2023 up 54.21% from Rs. 4.39 crore in December 2022.

Shelby Davis, the visionary investor and creator of Davis Funds, has gained legendary status for his adherence to a value-driven investment strategy and commitment to a long-term investment philosophy. Noteworthy similarities exist between Shelby Davis’ investment strategy and the present market conditions. At the age of 38, Shelby Davis initiated his investment journey with $50,000.

Shares of Paytm will be in focus on February 27 after Vijay Shekhar Sharma stepped down to help reconstitute the Board of Paytm Payments Bank Ltd (PPBL). Follow our market blog for live updates Brokerage firm Macquarie has given an ‘underperform’ call on the Paytm stock with a target price of Rs 275 per share. This implies 35 percent downside from the February 26 closing price of Rs 478.

The domestic equity market is expected to see a muted opening on Monday following mixed global market cues. Stocks to watch out for include banking names like the likes of Cello World, CMS Infosystems, Andhra Cements, One97 Communications, and TCS amongst others. "The market is still placed in a broader range movement and one may expect buying to emerge from the lower levels," Nagaraj Shetti,.

Exicom Tele Systems IPO: The initial public offering (IPO) of Exicom Tele-Systems Limited has hit the Indian primary market today. The public issue will remain open till 29th February 2024. This means the initial issue will remain open from Tuesday to Thursday this week. The EV charging solution company has fixed the Exicom Tele Systems IPO price band at ₹135 to ₹142 per equity share.

📈 Amid mixed global cues, benchmark indices started on a flat note today. 📊 At 9:16 AM, the Sensex lost 77.47 points or 0.11% at 72,712.66 and the Nifty was down 23.90 points or 0.11% at 22,098. 📢Havells India (⬆️2.14%), HDFC AMC (⬆️2.06%) and ICICI Lombard (⬆️2.01%) appeared as the top performers on the Nifty50 at open.

Representative Image The National Company Law Tribunal (NCLT) has ordered initiation of a corporate insolvency resolution process against real estate special purpose vehicle (SPV) Sankalp Siddhi Developers. The SPV was promoted by Ahuja Hive, now known as Hive Carbon-Zero Developers, for the development of a project in Mumbai’s Jogeshwari suburb, and has been controlled and managed by Chinese.

The Nifty benchmark index began the week with a slight downturn, slipping to an intraday low of 22,075 during the first hour on February 26. There was some recovery thereon, but the index eventually closed 0.41 percent lower at 22,122. Analysts caution traders against building aggressive long positions on Nifty 50, since technical indicators are showing overbought conditions in the index.