Stock Market Today: Benchmark Indian equity indices are expected to open higher due to encouraging global trends. Early in the morning trade, the Nifty futures on the Singaporean exchange were up 56.5 points, or 0.31%, at 18,077.0. China’s Shanghai Composite index increased 13.10 points (0.40%) to 3,294.81; Japan’s Nikkei 225 increased 193.30 points (0.70%); Hong Kong’s Hang Seng increased 332 points (1.60%); and South Korea’s KOSPI increased 40.49 points (1.69%) to 2,468.44. Asian markets were trading in the green.
Stocks under F&O ban on NSE
On its F&O ban list for February 16, the National Stock Exchange has kept BHEL, Punjab National Bank, Ambuja Cements, and Indiabulls Housing Finance. Securities from firms where derivative contracts have exceeded the market-wide position limit by 95% are among those that are prohibited under the F&O segment.
SecureKloud Technologies signs MoU with Suvik Technologies FZE
Suvik Technologies FZE, a publicly traded blockchain technology company based in the United Arab Emirates, and Blockedge Technologies Inc., USA, a wholly owned subsidiary of SecureKloud Technologies Inc., announced the signing of a memorandum of understanding to establish a joint venture in Dubai with the goal of developing tools that enable organisations around the world to migrate to WEB3 technologies.
Stock Market Today: US retail sales post biggest gain in nearly two years
After two consecutive months of declines, US retail sales increased in January for the first time in nearly two years as consumers increased their purchases of automobiles and other goods, demonstrating the economy’s ongoing resilience despite higher borrowing costs.
After falling by an unrevised 1.1 percent in December, the Commerce Department reported on Wednesday that retail sales soared 3.0 percent last month, the largest increase since March 2021.
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