15 stocks have been put under a ban for trading on Feb 22 due to crossing 95% of MWPL in F&O segment by NSE. Stocks will be available in cash market but clients must decrease their positions in derivatives, while no new positions will be allowed. Market saw a steep decline after six days of gains with Sensex losing 434.31 points and Nifty closing at 22055.05 points.

Fixed Deposits (FDs) in India are popular investment choices due to their guaranteed returns, higher interest rates, and tax benefits. Unity Small Finance Bank offers rates between 4.5% to 9%, with senior citizens getting up to 9.5%. HDFC Bank's FD rates range from 3% to 7.25%, while ICICI Bank offers rates between 3% and 7.20%. Both banks offer additional rates for senior citizens.

FD Interest Rates: ICICI Bank, one of the country's leading private sector lenders, increased fixed deposit (FD) interest rates on select tenures with effect from today (Thursday, February 22, 2024). After the revised FD interest rates, ICICI Bank is offering FD interest rates from 3 percent to 7.20 percent on tenures from seven days to 10 years.

Shares of Prataap snacks rose 14% after it was reported that ITC is considering purchasing a 47% stake in the company. This could lead to an open offer for an additional 26% stake. ITC sees this as an opportunity to expand into regional markets where its own products have faced tough competition. In Q3, Prataap's sales increased 8% and net profit more than tripled.

Oil prices rose slightly on Thursday, maintaining gains from the previous session due to tighter supply. U.S. crude futures (WTI) and Brent crude both increased by 14-17 cents per barrel, with demand outlook expected to remain strong in the near term. Refinery restarts in the U.S., after earlier outages, are also supporting demand and analysts predict a rise in U.S. refinery run rates.

ny report: Euro gained 0.11% due to weak dollar, ECB's hawkish comments and rise in consumer confidence. EURUSD may hold 1.0790 support and rise to 1.0840, but PMI data could limit gains. EURINR Feb expected to reach 90.0 as long as it stays above 89.40. For more currency updates, click here. Disclaimer: Experts' views are their own, caution advised before making investments.

Stock market: Weak global cues and sharp fall in bank stocks pull Nifty, Sensex down. Nifty closed at 22,055 while Sensex ended at 72,623. The Bank Nifty also dropped 74 points.A bearish trend emerged in the Indian stock market due to weak global cues after Tuesday's sell-off on Wall Street. The Nifty 50 index lost 141 points, closing at the 22,055 level.

Microfinance industry's loan portfolio likely to reach Rs 4.24 lakh crore by end of current financial year, with a potential growth rate of 20-25%. In Q2FY24, total portfolio stood at Rs 3.76 lakh crore, increasing by 22% from previous year. NBFC-MFIs hold largest share in lending, followed by banks, SFBs, and NBFCs. Portfolio at risk shows improvement.

Gold prices saw a slight increase on Thursday due to a weaker dollar and tensions in the Middle East, while investors wait for U.S. economic data that could impact the Federal Reserve's interest rate decisions. The dollar index continued to decline, making gold more appealing. Jobless claims data and U.S. PMIs will be closely watched for market direction.

Telecom company Bharti Airtel introduced in-flight roaming plans for customers, with tariffs starting at Rs 195. This allows customers to stay connected while flying and offers high-speed internet browsing, calls and SMS services. Customers subscribed to certain plans will automatically have access, while others can pay Rs 195 for 250 MB of data, 100 minutes outgoing calls.

Multiple fund managers in race to acquire 24 percent stake in Nxtra Data Sovereign wealth funds, private equity funds and global infrastructure asset managers, including GIC of Singapore, ADIA, Stonepeak, DigitalBridge, KKR and Permira are in the race to buy Carlyle’s 24.04 percent stake in Bharti Airtel’s Nxtra Data, the Economic Times reported. Carlyle is looking to sell the stake.

Numerous individuals have fallen victim to KYC frauds, in which scammers pose as legitimate banking officials seeking personal details for verification. The RBI has warned the public about these frauds and urges vigilance through regular advertising. Fraudsters use a variety of methods, including phishing and identity theft. Synthetic identity fraud is also on the rise.

Stock market today: Despite weak sentiments, Yes Bank shares see strong buying interest at opening bell. Experts advise 'buy on dips' as stock retraces 20% from 52-week high. Gold prices rise post US Fed minutes release. Yes Bank expected to focus on growing Net Interest Income but faces competition in the industry for healthy RoA. Hold scrip with stop loss at ₹21, target of ₹30-₹32, say experts.

Nvidia's first-quarter revenue is projected to increase by 233 percent, surpassing expectations and boosting its stock by 10 percent. Its dominant position in the global AI chip market, strong demand for data center chips and GPUs, and positive sales forecast have led to a $129 billion surge in market capitalization. However, concerns about sustainability and supply chain strain persist.

The head of Boeing's 737 jetliner program is leaving the company after a door panel blew out on a flight over Oregon, raising concerns about safety. Other executives are also stepping down and being replaced, as the company focuses on improving its quality management and addressing customer demands. The incident has sparked increased scrutiny from regulators, Congress, and airlines.