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Game of cards: Top banking players opt for tight gambit, rivals up the ante
Since the start of the calendar year, major devaluations have hit multiple premium and super-premium cards, shocking the high spenders. No card has been spared, be it the ICICI Emeralde Private Metal (removal of some vouchers for accelerated rewards), American Express Platinum Travel (higher spend milestones for bonus rewards), or Axis Bank (removal of three popular transfer partners without advance notice). HDFC Bank, too, has asked its Infinia customers to clock in annual spends of at least Rs 18 lakh or maintain a total relationship value of at least Rs 50 lakh to retain the by-invite-only metal.
Sensex tumbles 829 pts; Nifty sinks below 23,650 mark; VIX advance 2.16%
Nifty ended below the 23,650 mark. Auto, FMCG and realty shares declined, while oil & gas, metal and media shares advanced.
Mutual fund reset: 5 things every investor should do to their portfolio before FY27
Major regulatory, taxation and disclosure changes in India's mutual fund industry are reshaping portfolio strategy ahead of FY 2026-27. Investors may need to reassess diversification, debt allocation, costs, documentation and tax planning. Experts suggest a structured portfolio clean-up before March 2026 to adapt to the evolving regulatory and market environment.
Avoid chasing metal rally; focus on domestic sectors: Jyotivardhan Jaipuria
Jyotivardhan Jaipuria, Founder & MD of Valentis Advisors, says market corrections during geopolitical conflicts historically present buying opportunities, though investors should stagger investments due to oil and gas risks. He remains positive on banks, select capital goods and pharmaceuticals, while continuing to hold metals but avoiding fresh buying at current levels. Export-oriented sectors like chemicals may face near-term pressure from higher logistics and raw material costs.
Trade Setup for March 2: Nifty braces for Monday chaos after US, Israel attack Iran
Before the markets open here in India, the bigger reaction will be seen on other asset classes beyond equities. Crude oil prices, Gold prices, moves on the US Dollar, the Yen, all of which will be significant and keenly monitored by the street. In fact, Barclays has already written in a note to clients that oil prices could go up to as high as $100 per barrel.
Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex gains over 350 pts, Nifty above 25,550; PSU banks, metal stocks advance - The Economic Times
Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex gains over 350 pts, Nifty above 25,550; PSU banks, metal stocks advanceThe Economic Times
Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex gains over 350 pts, Nifty above 25,550; PSU banks, metal stocks advance
Smallcap metal stock gains on fresh infusion in clean enegry arm
The company said it plans to invest up to Rs 200 crore in Godawari New Energy Private Limited to meet capital expenditure and working capital needs.