Market Summary

Global Cues:
Asia-Pacific markets are likely to open on a cautious note, following overnight losses on Wall Street. Sentiment weakened after former US President Donald Trump escalated his tariff-related comments around Greenland.

India Opening View:
Despite mixed global cues, GIFT Nifty is trading higher, indicating a positive start for Indian equities.

Currency Update:
The Indian rupee weakened further, slipping 7 paise to close at a record low of 90.97 against the US dollar, reflecting continued pressure from global factors.

Key Events & Data to Track Today

The US Supreme Court will not give a ruling on tariffs before February 20, keeping uncertainty around global trade policies alive.

Donald Trump signed an executive order aimed at restricting large institutional investors from buying single-family homes in the US.

A major Danish pension fund plans to exit its entire US Treasury holdings, citing concerns over weak US government finances.

The Indian government will release December core industries output data, a key indicator of economic momentum.

UAE plans to double trade with India and has signed a long-term LNG supply agreement, strengthening energy and trade ties.

India and the European Union are close to finalising a Free Trade Agreement, with focus on sectors like autos, electronics, textiles, pharma and chemicals.

HDFC Bank received RBI approval for Kaizad Bharucha’s appointment as Whole-Time Director effective April 19, 2026.

Power Grid Corporation will procure reactors and transformers worth ₹914 crore, supporting infrastructure expansion.

Cupid Ltd will invest ₹331 crore in Baazar Style Retail through the subscription of warrants.

India has amended motor vehicle rules, disallowing NOC, fitness renewal or permits for vehicles with pending toll dues.