Indus Towers (90.60 percent), SAIL (85.09 percent), Aditya Birla Fashion and Retail (83.58 percent) Canara Bank (81.67 percent) and Zee Entertainment (83.30 percent) have been placed on the National Stock Exchange’s futures and options (F&O) ban for trade on February 28. These stocks are prohibited in the F&O sector because they have exceeded 95 percent of the market-wide position limit.

U.S. stocks closed near flat on Tuesday ahead of inflation and other economic data that could shed light on the possible timing of a Federal Reserve interest rate cut. As corporate earnings season winds down, investors refocused on economic data and the likely path of U.S. rates. Equities have been on a furious rally for weeks, fueled largely by enthusiasm about artificial intelligence.

Reported Consolidated quarterly numbers for MEP Infrastructure Developers are: Net Sales at Rs 18.65 crore in December 2023 up 650.41% from Rs. 2.49 crore in December 2022. Quarterly Net Loss at Rs. 116.17 crore in December 2023 down 135.47% from Rs. 49.34 crore in December 2022. EBITDA stands negative at Rs. 21.64 crore in December 2023 up 45.2% from Rs. 39.49 crore in December 2022.

The recent pick-up in US inflation has called into question the “soft-landing” scenario that most were projecting just three months ago. The implicit decline in macro risks of high inflation and a growth recession—when economic growth slows but not by enough to call it a recession—had created buoyancy for most asset classes. The greater-than-expected moderation in core personal consumption.

Apple Inc. has scrapped its electric car project after a decade-long, multi-billion-dollar effort to rival Tesla, as per a Bloomberg report. The move is surprising because it marks the end of Project Titan — one of the most significant and ambitious projects in the company's history. The decision was internally disclosed by Chief Operating Officer Jeff Williams and Vice President Kevin Lynch.

Equity benchmarks the Sensex and the Nifty started February 28 on a flat note amid mixed global cues. Analysts expect volatility to continue ahead of the monthly expiry but do see the possibility of the Nifty hitting a new high. The Sensex was trading at 73,128 and and the Nifty at 22,212. India VIX, which measures volatility, gained to move above 15 level.

Reported Consolidated quarterly numbers for NMDC are: Net Sales at Rs 5,409.90 crore in December 2023 up 45.43% from Rs. 3,719.99 crore in December 2022. Quarterly Net Profit at Rs. 1,483.93 crore in December 2023 up 62.67% from Rs. 912.23 crore in December 2022. EBITDA stands at Rs. 2,343.74 crore in December 2023 up 74.21% from Rs. 1,345.38 crore in December 2022.

Bumble said on Tuesday it would cut about 350 roles, marking new CEO Lidiane Jones' first big move, after the online dating company forecast disappointing first-quarter revenue as it grapples with a slowdown in user spending. Shares of the Austin, Texas-based company, which offers dating apps such as Bumble, Badoo, and Fruitz, fell more than 7% in extended trading.

However, Patanjali Foods, in a regulatory filing on the same day, said that the SC order did not relate to Patanjali Foods Limited (PFL), which is an independent listed entity and operates in the space of edible oil and food FMCG products only.It further added that the observations do not have any bearing on the regular business operations or the financial performance of Patanjali Foods.

The Exicom Tele-Systems IPO opened for subscription on Tuesday, February 27, and will close on Thursday, February 29. Exicom Tele-Systems IPO subscription status today is 13.15 times, at 10:57 IST, as per BSE data. The Exicom Tele-Systems IPO was subscribed to 10.02 times on day 1. The issue was fully booked within an hour of opening on the first day, led by overwhelming demand from retail.

Vodafone Idea is likely to go for a combination of follow-on public offer (FPO) and preferential allotment to promoter for its Rs 20,000-crore equity fundraise, reported CNBC-TV18 on February 28 quoting sources. Aditya Birla Group’s promoter entity may infuse funds through preferential allotment of shares, reported the channel. Meanwhile, the telco's scrip on BSE was trading 12% lower on Wednesday

Texmaco Rail & Engineering Ltd announced that its board of directors has approved the raising of Rs 150 crore fund from the promoter group and a non-promoter entity. The fund will be raised through a preferential issue of convertible warrants to group companies, subject to approval, it said. The company will issue warrants worth Rs 75 crore to the non-promoter entity Samena Green Ltd.

Reported Standalone quarterly numbers for Avasara Finance are: Net Sales at Rs 0.09 crore in December 2023 up 115.21% from Rs. 0.04 crore in December 2022. Quarterly Net Profit at Rs. 0.05 crore in December 2023 up 438.56% from Rs. 0.02 crore in December 2022. EBITDA stands at Rs. 0.05 crore in December 2023 up 350% from Rs. 0.02 crore in December 2022.

Reported Standalone quarterly numbers for J A Finance are: Net Sales at Rs 0.56 crore in December 2023 down 3.03% from Rs. 0.58 crore in December 2022. Quarterly Net Profit at Rs. 0.18 crore in December 2023 up 2.52% from Rs. 0.17 crore in December 2022. EBITDA stands at Rs. 0.35 crore in December 2023 down 10.26% from Rs. 0.39 crore in December 2022.

Shares of Gensol Engineering Limited surged 7 percent to Rs 1,270 in the morning trade of February 28 after the company's subsidiary, Gensol Electric Vehicles received the certification and approval for an electric vehicle, from the Automotive Research Association of India (ARAI). The development gains significance as it paves the way for the electric vehicle’s official launch.