stock market Archives | Newsduniya Latest news from India and around the world Mon, 23 Feb 2026 18:25:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://newsduniya24.in/wp-content/uploads/2026/04/cropped-2993a2db-46a0-448d-8e9e-ec6aa95e916c-1-32x32.png stock market Archives | Newsduniya 32 32 IDFC First Bank Share Plummets 16% Following Fraud Discovery https://newsduniya24.in/idfc-first-bank-share/ Mon, 23 Feb 2026 18:25:55 +0000 https://newsduniya24.in/idfc-first-bank-share/ IDFC First Bank shares plummeted 16% following the discovery of a Rs 590-crore fraud at its Chandigarh branch, leading to suspensions and audits.

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IDFC First Bank shares experienced a significant decline on Monday, closing 16% lower at Rs 70.09. This drop marks the worst single-day fall for the bank since March 2020. The decline was triggered by the bank’s disclosure of a Rs 590-crore fraud at its Chandigarh branch, involving unauthorized transactions linked to accounts associated with the Haryana government.

Why It Matters

The fraud incident has led to the suspension of four bank officials and the initiation of a forensic audit. The Reserve Bank of India (RBI) has stated that the incident does not pose a systemic risk to the banking sector. However, the sharp decline in share price reflects investor concerns regarding the bank’s internal controls and governance.

What’s Next

IDFC First Bank is taking steps to address the situation by filing complaints with law enforcement and appointing an independent external agency for a detailed forensic audit. The bank has also communicated with beneficiary banks to flag suspicious accounts and is pursuing disciplinary actions against those involved.

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]]> What We Know About Today’s Stock Market Decline https://newsduniya24.in/what-we-know-about-todays-stock-market-decline/ Sat, 14 Feb 2026 20:54:11 +0000 https://newsduniya24.in/what-we-know-about-todays-stock-market-decline/ The Indian stock market declined sharply today, with significant losses in the IT sector. Analysts suggest a cautious outlook as key support levels are tested.

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On February 13, the Indian stock market experienced significant losses for the second consecutive session, with the Nifty 50 closing at 25,471, down 336 points or 1.30%. The Sensex plunged over 1,000 points, resulting in a substantial decrease in market capitalization, which fell from ₹472 lakh crore to approximately ₹465.50 lakh crore, erasing around ₹6.50 lakh crore in value. This downturn was primarily driven by a selloff in the IT sector, influenced by weak global cues and rising concerns over AI disruptions.

Why It Matters

The decline in the Indian stock market reflects a cautious sentiment among investors, particularly as the Nifty 50 index broke below the critical support level of 25,500. Analysts suggest that the market may test the 25,000 level in the near future. The selloff in IT and metals was exacerbated by fears of delayed client spending and pricing pressures due to AI-related shifts, leading to a broader risk-off move across the market.

What’s Next

Looking ahead, Sumeet Bagadia, Executive Director at Choice Broking, advises investors to adopt a stock-specific approach, focusing on stocks with strong technical patterns. He recommends considering Bajaj Finance, SBI Life, and Eicher Motors as potential buy opportunities. The market’s outlook remains uncertain, with analysts monitoring key support levels and potential shifts toward domestic-facing sectors such as banks and consumption.

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