Household savings in India reached an all-time high in FY23, with physical assets comprising a majority share. However, the growth of financial liabilities exceeding that of gross financial assets has led to a decline in net financial assets. Rising per capita income and the real interest rate are two main drivers of financial savings, with savings shifting towards capital markets.

Indian stock market closed in the green for the fifth straight session, with the benchmark Nifty hitting a new high of 22,187 on February 19. Sensex and Nifty closed 0.39% and 0.37% higher respectively. RVNL stock surged 5.84% after announcing its order book growth to Rs 65,000 crore. Schaeffler India shares declined 1.44%, MRPL rallied 18%, CRISIL zoomed.

Nifty 50 closes at new all-time high, gains 0.37%. S&P BSE Sensex also rises 0.39%. Consumer durables and pharma stocks lead gains. Largecap and smallcap indices also in the green. Nifty Midcap 100 gains 0.36%, nears 52-week high. Key gainers include Grasim Industries, Cipla, Bharti Airtel. India VIX up 5.19%.

Benchmark equity indices Nifty50 and Sensex extended gains for the fifth straight session, with the latter ending at a fresh record high in a volatile market on Monday, led by financials, auto and energy stocks.The BSE benchmark Sensex rose 282 points or 0.39% to settle at 72,708. The broader NSE Nifty surged 81 points or 0.37% to end at 22,122.

The real estate market in Thane is gaining attention from two major players, Oberoi Realty and Raymond Limited, who are competing for a share of the market. This area is becoming popular due to its affordable prices and improved infrastructure. While Oberoi Realty recently announced its entry into Thane with a luxury residential project, Raymond Limited has been present since 2019.

The stock price of pharmaceutical company Dr. Reddy's increased by 1.9% on Monday, reaching ₹6,424 per share. This was due to the announcement that they are participating in the bidding process for Novartis India's stake in Novartis AG. Dr. Reddy's management has expressed interest in acquiring a domestically focused portfolio, in line with their strategic vision.

Thermax Ltd, an engineering company in India, is now focusing on thermal power projects again after previously stating they would reduce their focus on coal-fired capacity. This shift is due to the increased demand for coal and power in the country. The government plans to add 80-87 GW of coal-fired capacity by 2030 and Thermax may bid for upcoming projects.

Titagarh Rail Systems saw a jump in share price by over 8% after receiving a ₹170 crore order from the Ministry of Defence. The company is expected to start executing the order within 12 months and complete it in 36 months. In Q3FY24, the company reported a net profit of ₹75.03 crore with a growth rate of 91% compared to the same period last year.

The cocoa market is facing a crisis due to underinvestment in West African farms, resulting in an imbalance between supply and demand. This has led to record-high prices and potential price increases for consumers. The main contributing factors are aging cocoa trees, poor farming practices, and limited re-investment by smallholder farmers.

Remedium Lifecare Ltd, a multibagger stock in the Indian market, has risen by 1700% in the last year. The board has announced a 1:5 stock split, increasing potential for further growth. The record date for the split is set for Feb 23, 2024. In Q3 of FY24, the company reported a 950% YoY rise in total income and over 500% YoY rise in revenue for the first nine months.

The Sensex and Nifty were trading at a high, led by FMCG and energy stocks. However, experts warn that global developments must be monitored as they can have a significant impact on the market. Stock-specific actions are expected to outperform, as domestic investors continue to show confidence in the market despite occasional FPI selling.

A Mumbai housing society has been ordered to pay Rs 1.5 lakh as compensation to two shop owners who experienced losses due to structural changes made by the flat above their unit. The Society was found liable for not providing proper services leading to monetary, physical and mental trouble for the complainants. The commission also awarded Rs 10,000 towards litigation costs.

The Traders Convention on February 23 in Hyderabad will bring together top traders to share strategies, money management skills and market insights. Organized by ETMarkets, the event will also be broadcasted live. Participants can register for the virtual trading masterclass and interact with experts like Vishal Mehta, Jegan, Santosh Pasi, and many more.

Dehradun police collected a fine of Rs 1 crore from 1,015 landlords who failed to verify their tenants' as per legal provisions. This was part of preparations for the upcoming elections. 278 people were questioned and 154 were fined for not producing valid documents. The drive also collected information about 6,372 individuals and seized 17 suspiciously parked vehicles.

The benchmark Sensex and Nifty were trading near day's high with gains led by FMCG and energy stocks. Analysts believe that investors must monitor global developments, particularly since there are no major domestic events expected in the near term. These global factors are likely to have a substantial impact on market movements.