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Power Finance Corporation's board has approved an in-principle merger with REC, advancing a Union Budget proposal to restructure the two public sector NBFCs. This move aims to achieve scale, improve efficiency, and enhance credit flow to India's power and infrastructure sectors. Both companies have delivered significant multibagger returns over the past three years.
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News and Media
In the Nifty500 pack, 12 stocks closing prices crossed above their 200 DMA (Daily Moving Averages) on February 06, 2026, according to StockEdge.coms technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator for determining the overall trend in a particular stock. As long as a stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:
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News and Media
This week, Indian markets are on high alert for pivotal economic data, as traders keenly observe foreign portfolio inflows that could dictate the rupees trajectory. Meanwhile, bond investors are attuned to the balancing act of demand and supply. The rupee recently surged following the announcement of a trade deal between the U.S.
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News and Media
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