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Despite the financial turmoil, Bira 91 is moving ahead with its initial public offering (IPO) in 2026, contingent on meeting key operational milestones.

Shares of Patanjali Foods ended 0.7% higher at ₹1,829 on Wednesday. 

According to Rupak De, Senior Technical Analyst at LKP Securities, the 22,800 level is expected to serve as a key support for the market. Unless this level is breached, a major downturn is unlikely. However, a decisive drop below 22,800 could trigger a significant correction. Until then, the market is expected to trade within a range. On the upside, Nifty may face resistance around 23,000-23,150, and a strong breakout above 23,150 could potentially drive a sharp rally.

India’s economic growth remains on track, supported by strong rural demand, recovering urban consumption, and positive fiscal measures from the Union Budget 2025-26. While global uncertainties and a strong US dollar present challenges, India’s robust domestic fundamentals—driven by government spending, tax relief, and a supportive monetary policy—are expected to propel the economy forward.

This follows the earlier addition of four stocks—NBCC, Phoenix Mills, Solar Industries, and Torrent Power—announced on January 30.

In terms of the 40-currency real effective exchange rate (REER), the rupee depreciated by 2.2% in January, reflecting its weaker valuation against a basket of global currencies, the RBI Bulletin highlighted.

The residential real estate sector in India is showing promising signs of recovery, with strong pre-sales growth from leading developers and a buoyant market driven by favourable fiscal policies and monetary easing.

“The inspection, which commenced on 10 February 2025 and concluded on 18 February 2025, resulted in seven minor observations, none of which pertain to the data integrity of the facility,” the company said in a statement. As a result, Orchid Pharma continues to hold its exclusive position as India’s only USFDA-approved manufacturing site for sterile cephalosporins, it added. 

We have compiled a list of key stocks to watch out for on Thursday, Feb 20, including Bharat Forge, Waaree Energies, Sundaram-Clayton, Orchid Pharma, and others.

S&P Global Ratings, Economist Asia-Pacific, Vishrut Rana said the reciprocal tariff will hurt countries like Vietnam, South Korea, Taiwan more as they have high trade surplus with the US.