Oil prices were relatively stable in early Asian trading as tensions in the Middle East and recovering demand from China balanced each other out. The Iran-backed Houthis continued their attacks on ships, while China saw a surge in tourism revenues. However, concerns about long-term demand due to a shift towards renewable energy offset some of the potential gains.

KZ Leasing and Finance reported a significant increase in their net sales, net profit, and EBITDA for the quarter ending December 2023 compared to the same period in 2022. The company also saw an increase in their earnings per share and their stock price on the BSE. There were no exceptional items recorded, and the company's equity shares remain unchanged.

Shares of Tourism Finance Corporation of India saw a 5% increase in Tuesday's trade on the NSE, with reports of a large block deal taking place. The buyers and sellers in the deal are unknown. In the Dec quarter of FY2024, FII/FPI increased their holdings in the stock by 13.88%. The company reported strong earnings in Q3, with net interest income increasing to Rs 27.51 crore.

Market participants have been surprised by the US economy's resilience and strong labor market despite high real rates. The latest CPI print suggests progress on inflation may be slowing, causing markets to scale back rate cut expectations. The US yield curve could either shift lower or flatten depending on inflation outlook, but owning duration is a high conviction view.

Schaeffler India reported consolidated quarterly numbers for December 2023, with net sales at Rs. 1,874.55 crore (up 4.45%) and net profit at Rs. 209.61 crore (down 9.25%). EBITDA decreased to Rs. 354.30 crore. EPS has also decreased from Rs. 14.80 to Rs. 13.40. The company's shares closed at Rs. 3,011.85

BBMP cannot insist on upfront payment of 50% property tax before passing order under Section 144(15)(e) of BBMP Act, rules high court. Several notices demanding payment of arrears from Gopalan Enterprises stayed. Petitioner claims reassessment barred by limitation and questions absence of reasons. Argues principles of natural justice violated as BBMP did not grant minimum 30 days to respond.

Oil prices remained stable on Tuesday, near three-week highs, due to tensions in the Middle East and strong demand from China. Brent futures were slightly down while WTI crude fell slightly as traders prepared for the March contract to expire. Market analyst Tony Sycamore noted that trading was quiet due to the US holiday. Concerns over demand offset geopolitical tensions, with the Iran-aligned.

Aditya Birla Capital Ltd, part of the financial services segment, bounced back from its long-term moving average after hitting a 52-week high back in July 2023 and price action suggests that bulls are here to stay.Short-term traders with a high-risk profile, can look to buy the stock now or on dips for a possible target above the crucial resistance level of 200 in the next 1-2 months.

India's hot stock market has slowed down due to factors like missed earnings, attractive alternatives like China and foreign investors pulling out money. Some experts are taking profits but believe India's long-term potential is still strong. Despite high valuations, the country's fast economic growth, growing middle class and rise in manufacturing make it an attractive investment option.

ICICI Direct's currency report on EURINR Euro gained by 0.02% yesterday as hawkish comments from ECB official continued to support single currency. For today, EURUSD is likely to face the hurdle near 1.0790 level and slip further towards 1.0720 level amid strong dollar and pessimistic global market sentiments. Further, economic concerns would weigh on single currency.

Indian stock market: After a 5-day rise, stocks are struggling due to China's interest rate cut. Despite recent gains, quality stocks like HDFC Bank and SBI remain undervalued. Experts suggest adding these stocks to portfolios as they have good potential for growth in the long term. SBI is expected to perform well due to a strong balance sheet, while HDFC Bank may see an improvement in margins.

On February 19, Nifty reached new all-time highs as small cap stocks outperformed the main indices. MRPL was the top gainer, while several other companies also saw significant gains. The RMI scanner identified several shares with a "new buy" signal, including Aarti Drugs, Confidence Petroleum, FIEM Industries, and Gujarat Alkalies and Chemicals.

Capital One announced Monday that it would acquire Discover Financial Services in an all-stock transaction valued at $35.3 billion, a deal that would merge two of the largest credit card companies in the United States. A space that is already dominated by a relatively small number of megaplayers is about to get a little smaller, said Matt Schulz, chief credit analyst at LendingTree.

Asian shares were below recent highs despite a larger-than-expected interest rate cut in China. Chinese markets fell, but the yuan remained steady. Other Asian markets also slipped, and US Treasury yields rose. Investors are waiting for more support measures and economic data. The markets have scaled back predictions for US rate cuts based on strong economic indicators.

The stock market in India reached record levels on Monday, with domestic buying driving the surge. This comes amidst increasing institutional strength and attractiveness as an investment destination. Indian stocks have also gained weight in global indexes, while regulatory decisions like the Reserve Bank of India's firm stance on Paytm Payments Bank and the Supreme Court's verdict on electoral.