After the previous week's massive slowdown in the markets across the globe, major global indices showed recovery during this week. However Indian markets remained muted as they were dragged down by major banks 

On February 1, 2018, the Finance Minister of India presented the Union Budget 2018-19. The stock market reacted in its own way and BSE Sensex was down by 2.13 percent to 35,501.74 from 36256.83 on the same day. In the last 15 days, the market has corrected gradually by almost 1,200 points and closed at 34,297.47 on February 15, 2018.

While all attentions glared at the dauntingly massive scam of PNB involving Nirav Modi, media reports about another scam in the financial markets surfaced on Friday, involving power transmission and distribution company Diamond Power Infrastructure.

The last three days were disappointing for Punjab National Bank (PNB). Post the discovery of the Rs. 11,000 crore scam, the stock of PNB has fallen more than 20 per cent in the last three trading sessions

After witnessing a fall in the AUM in December 2017, Indian mutual industry saw growth in January, primarily helped by inflow in liquid and money market category.

Following stocks are close to their 52-week low as at 1.12 p.m. on February 16.

The markets on February 16 opened up. BSE Sensex is trading at 34,191.12, down by 106.35 points and the Nifty is trading at 10,510.20, down by 35.30 points. 

Bharat Heavy Electricals Limited (BHEL) has successfully commissioned the 18 MW Mukerian Hydro-Electric Project (HEP) Stage-II in Punjab, with the commissioning of the second 9 MW hydro generating unit.

IT major Infosys announced on Thursday that the UCAS, an admissions service for UK higher education extended its partnership with Infosys until 2021 in order to support its business strategy.

Indoco Remedies zoomed close to 7 per cent on the bourses in Friday morning trade after the company announced receiving a certification for its Goa plant.