Business
Positive Breakout: These 12 stocks close above their 200 DMAs
In the Nifty500 pack, 12 stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on February 06, 2026, according to StockEdge.com’s 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:
Business
Norway’s mainland economy grows 0.4% in fourth quarter

Norway’s mainland economy grows 0.4% in fourth quarter
Business
Seahawks RB Kenneth Walker III Wins Award, First Running Back MVP in 28 Years
Seattle Seahawks running back Kenneth Walker III was named Most Valuable Player of Super Bowl LX on Sunday, Feb. 8, 2026, after rushing for 135 yards on 27 carries and adding 26 receiving yards in the Seahawks’ dominant 29-13 victory over the New England Patriots at Levi’s Stadium.
Walker, in his fourth NFL season, became the first running back to earn Super Bowl MVP honors since Terrell Davis of the Denver Broncos in Super Bowl XXXII following the 1997 season — a span of 28 years. His performance anchored Seattle’s offense in a game largely controlled by defense, helping the Seahawks secure their second Lombardi Trophy in franchise history.

The Seahawks’ “Dark Side” defense set the tone, sacking Patriots quarterback Drake Maye six times, forcing three turnovers and holding New England to 13 points despite a late rally. Kicker Jason Myers contributed a Super Bowl-record five field goals, but voters rewarded Walker’s consistent production on the ground and in the passing game.
Walker totaled 161 scrimmage yards, outgaining the entire Patriots offense in the first half. His runs included bursts of 30, 29 and 10 yards that sustained drives and kept pressure off quarterback Sam Darnold. The former Michigan State star, drafted 9th overall in 2022, overcame early career injury concerns to emerge as Seattle’s offensive centerpiece.
In postgame comments, Walker expressed gratitude to his teammates. “This don’t happen without them,” he said on the field, holding the MVP trophy. “Our defense carried us all year, and tonight they did it again. I’m just blessed to be part of this group.”
The award came amid debate over whether a defensive player or Myers deserved
recognition. Cornerback Devon Witherspoon and edge rusher Leonard Williams disrupted Maye throughout, while Myers’ kicks provided the margin in a low-scoring affair. Some analysts, including those from The New York Post, argued coach Mike Macdonald’s scheme deserved MVP consideration for outmaneuvering New England’s defense.
Still, Walker’s impact proved decisive. He became the first Seahawks player to win Super Bowl MVP since Malcolm Butler’s interception in Super Bowl XLIX — though that game ended in heartbreak for Seattle. This time, the Seahawks flipped the script against their old rivals, avenging the 2015 loss where a goal-line interception sealed defeat.
The game unfolded as a defensive struggle. Seattle led 9-0 at halftime on Myers’ field goals. The third quarter saw more of the same, with Myers extending the lead to 15-0. New England’s first points arrived in the fourth on a Maye touchdown pass to Mack Hollins, but Seattle responded with a fumble return touchdown by DeMarcus Lawrence and Darnold’s scoring strike to tight end A.J. Barner.
Maye finished under duress, completing passes at a low clip amid constant pressure. The Patriots managed under 200 total yards, underscoring Seattle’s defensive dominance.
Walker’s MVP selection highlighted the value of a strong ground game in championship games. His 27 carries controlled tempo, limited possessions for New England and wore down their front seven. The performance capped a postseason where Walker rushed for over 400 yards across three games.
For the Seahawks, the win validated their rebuild around young talent and a ferocious defense under Macdonald, who previously coordinated Baltimore’s unit. Seattle entered as NFC champions after a strong regular season, overcoming injuries to key players.
The Patriots, led by second-year quarterback Maye (the regular-season MVP runner-up), fell short in their bid for a seventh title. The loss ended a promising campaign but exposed vulnerabilities against elite defenses.
Halftime provided contrast with Bad Bunny’s Apple Music performance, featuring Lady Gaga and Ricky Martin in surprise cameos. The cultural celebration offered a lively interlude to the on-field grind.
Postgame ceremonies included the traditional trophy presentation, with owner Jody Allen accepting on behalf of the franchise. Walker posed with the MVP award amid confetti, joined by teammates in celebration.
The victory sparks discussions about Seattle’s potential dynasty. With young stars like Walker, Darnold and Witherspoon, the Seahawks position themselves as contenders for years ahead.
For Walker, the MVP caps a remarkable arc from injury doubts to championship glory. His father attended his first NFL game in person at the Super Bowl, adding personal significance.
As the NFL offseason begins, focus shifts to free agency, the draft and 2026 Hall of Fame class announcements. Super Bowl LX will endure as a testament to defense, grit and one running back’s breakout moment on the biggest stage.
Business
New Perth Park boss fetches $194k
The right person to run Perth Park’s racetrack should be prepared for trauma, a job ad says.
Business
Bourse back with a vengeance as miners, IT stocks surge
Australia’s share market has rebounded with gusto from the previous session, recapturing the bulk of Friday’s more than $60 billion in losses.
Business
Vijay Kedia on cutting noise, patience, and finding tomorrow’s market winners
Kedia likened investing to running a marathon: “For me, it is like a scoreboard. I am a marathoner, running 42 kilometres. It does not matter where I am at the 1st kilometre or the 5th kilometre. As long as I am running, continuing my journey, I am okay. That is why the biggest thing is to cut off all this noise.”
He emphasized that patience is a critical quality for investors. “That is why it is difficult to make money also. You have to win over yourself. If you are not patient enough, at any given time you will be out of this market. These are the qualities of a good investor: knowledge, courage, and patience. Patience is very important to ultimately win in this market. If you do not have patience, you are out of the race. So, enjoy.”
When it comes to spotting long-term investment opportunities, Kedia shared his “SMILE” framework. “S stands for small in size, MI stands for medium in experience, L stands for large in aspiration, and E stands for extra-large market potential. I like to invest in a company that is small in its sector, has management with a clean track record and 15–20 years of experience, and management that is ambitious. The market potential should be extra-large so that the company remains small relative to the sector’s potential. These factors together help me identify companies.”
Kedia also emphasized investing in sunrise sectors and waiting for companies to reach inflection points. “Earlier, I bought a few companies that were losing money but had cash in their books. The sector completely changed. As per my quote, always remain invested in a sunrise sector at any cost and stay out of a sunset industry at any cost. I put stories on my radar and wait for the right time to invest. Sometimes, I wait five years, sometimes ten. When the company turns around and the sector is growing, I invest. That is my business.”
Ultimately, patience remains the core of Kedia’s approach. In a market dominated by instant news and volatility, his advice is simple yet timeless: ignore the noise, focus on fundamentals, and let patience do the heavy lifting.
Business
IDBI Bank shares drop 4% as Kotak Mahindra Bank stays away from stake sale; Fairfax, Emirates NBD in fray
The government of India and Life Insurance Corporation of India (LIC), which hold stakes of 45.48% and 49.24% respectively, are together looking to divest a 60.7% stake in the bank as part of the broader privatisation programme.
Meanwhile, Kotak Mahindra Bank clarified that it has not submitted a financial bid for IDBI Bank, dismissing recent media reports. The proposed sale was first announced in 2022, and the government is targeting to announce the successful bidder by March.
The bank has a current market capitalisation of around Rs 1.12 lakh crore. According to sources cited by Reuters, Fairfax — which already holds a majority stake in CSB Bank — may consider merging IDBI Bank with CSB Bank if its bid is successful.
The government has previously said the sale will be concluded in the current financial year ending March 31, 2026. The successful bidder will be allowed to rename the bank, Reuters reported last week.
IDBI Bank traces its origins to 1964, when it was established as the Industrial Development Bank of India through an Act of Parliament to support long-term industrial financing. In 2005, its commercial banking arm was fully merged into the institution, transforming it into a universal bank with both development finance and lending operations. Over time, however, this dual structure became a challenge, as the bank retained a heavy corporate lending focus even as peers diversified into retail segments, leaving it more exposed to concentrated risks and with limited balance from granular retail growth.
By the mid-2010s, mounting bad loans and weak capital buffers had significantly strained the bank’s financial position. In 2017, the Reserve Bank of India placed IDBI under the Prompt Corrective Action (PCA) framework after it breached key thresholds related to capital adequacy, asset quality, return on assets and leverage. The restrictions under PCA curtailed lending expansion and underscored the severity of the bank’s operational and balance-sheet stress.The situation reached a turning point in 2019 when the government directed Life Insurance Corporation of India (LIC) to acquire a controlling 51% stake and infuse capital to stabilise the lender. LIC’s takeover strengthened the balance sheet and reflected a clear policy decision to support the institution. Following the transaction, the RBI reclassified IDBI as a private sector bank for regulatory purposes, despite the continued majority ownership by government-linked entities.
IDBI Bank shares have risen 31.23% in the last 1 year.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Business
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Japanese stocked jumped as markets opened on Monday morning, after prime minister Sanae Takaichi won a landslide victory.
Business
Japan stocks soar to record, super-long bonds steady in nod to Takaichi’s ’responsible’ stimulus

Japan stocks soar to record, super-long bonds steady in nod to Takaichi’s ’responsible’ stimulus
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