Third straight day of flat close in the indices. Glad I didnt waste my time and energy in trading these rangebound markets.
With rangebound play till first half, really thgt 2nd half would be give us a trending move. But it didnt. Got it wrng. But the good part is, I didnt trade this time. As they say, sometimes no trade is also a trade 
Have a great weekend all
Nifty and Sensex extended their losses for the third day. Markets around the world remain volatile due to the Russia-Ukraine tensions. US markets look set for a positive opening.
Brent Crude: 90.81 -2.32%
USD INR Spot: 74.66 -0.60%
India 10Y Bond yield: 6.667 -0.10%
Bank Nifty was the only sectoral index with gains for the day, marginally up by 0.18%. All other sectors ended the day in red with Realty index being the top loser, down by 1.25%.
Amongst the F&O stocks
India Cements was the top gainer.
Ambuja Cements was the top loser.
Earnings Update:
Ambuja Cements : Net Profit: Rs. 251.6 cr 
49.4% YoY; Revenue: Rs. 3,735.1 cr 
6.3 % YoY.
In the news
Hero Electric has withdrawn its application seeking injunction against Hero MotoCorp from using the Hero brand name for its EVs. Arbitral tribunal to resolve the dispute between Hero MotoCorp and Hero Electric has been formed.
Vedanta’s group firm Avanstrate, which will spearhead the semiconductor business, expects to roll out electronic chips and displays from Indian manufacturing plants by 2025. Earmarking $15bn for a foray into this space and plans to scale up the investment to as much as $20bn.
Revising the outlook on state finances to “improving” in FY23 from “neutral”, India Ratings expects the aggregate fiscal deficit of the states to come in at 3.6% of their gross domestic product from 3.5% in FY22 on the back of robust revenue growth.
Around the world
China’s offshore yuan climbs to the strongest level in four years as planned talks between Russia and the U.S. over Ukraine boosted risk assets
Singapore will begin implementing an increase to its goods and services tax from next year, Finance Minister Lawrence Wong said in his budget speech on Friday, in which he also announced a slew of tax hikes aimed at higher income groups.
Japan’s core consumer prices rose for a fifth straight month in January but at a slower pace than in the previous month, boosting the likelihood the country’s central bank will lag behind other economies in raising interest rates.
