Market Bizzz

IDFC First Bank disclosed a Rs 590 crore fraud at its Chandigarh branch involving employees and Haryana government-linked accounts. The bank has suspended four officials, initiated a forensic audit, and informed authorities. The issue is isolated to specific accounts, with no broader customer impact. The stock is expected to remain in focus.

Gold prices are climbing. Uncertainty surrounds trade deals after a Supreme Court decision on President Trump’s tariff powers. This has unsettled markets. Bullion has seen a significant rise. The dollar’s weakening is making gold more affordable for buyers. This situation is impacting international trade agreements. Gold’s recovery is gaining momentum.

For investors scanning the Sensex for potential outperformers, the latest analyst consensus highlights several heavyweight names that could deliver strong returns in the coming year.

Nifty ended the week in a consolidative range, reflecting caution ahead of Monday’s open after the US Supreme Court verdict. Markets are watching for breakout momentum, with key sectors showing mixed relative strength. Investors should track resistance, support, and global cues for direction in the coming week.

Foreign institutional investors (FIIs) turned net buyers in February, investing Rs 16,912 crore amid improved Q3 corporate earnings. While outflows hit Rs 35,962 crore in January, buying returned across financial services and capital goods. Analysts see this as a potential trend reversal, with continued FPI inflows expected through FY26.

New U.S. single-family home sales dipped 1.7% in December, yet builders reduced inventory, potentially enabling more construction starts. The supply of homes under construction reached a nearly 4-1/2 year low. Meanwhile, declining mortgage rates offer a potential boost to the housing market.

The Supreme Court delivered a rare rebuke to President Trump, ruling he lacked the power to declare an economic emergency and impose sweeping tariffs. This decision prolongs political and economic trade chaos, with the White House planning to use alternative laws. Democrats seized on the ruling, stating Trump “is not a king” and his tariffs were illegal, impacting middle-class families.

A significant US Supreme Court ruling has dismantled former President Trump’s broad tariffs, sparking a rally in global markets, including India’s Gift Nifty. This decision, rejecting the use of emergency powers for trade policy, offers a potential reset for international trade tensions. For India, it arrives as markets grapple with volatility, potentially easing existing tariff pressures with the US.

Gold prices trimmed some gains on Friday as investors assessed the U.S. Supreme Court ruling striking down President Donald Trump’s broad tariff plan, although ‌the safe-haven ⁠metal remained ⁠supported by weaker-than-expected U.S. GDP data.

Four Nifty500 stocks including Oil India, Tata Investment Corporation, Godrej Industries and Newgen Software Technologies showed bullish momentum on February 19, with RSI crossing above 50. The RSI Trending Up scan indicates strengthening price momentum, signalling potential upward movement and offering traders cues for identifying short-term buying opportunities in these stocks.