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Short-term traders should stay cautious; more weakness likely ahead: CA Rudramurthy BV

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Short-term traders should stay cautious; more weakness likely ahead: CA Rudramurthy BV
Dalal Street was heading for a volatile end to the week, with benchmark indices slipping below crucial support levels and traders bracing for further downside. The Nifty fell below the 25,300 mark recovering later, while Bank Nifty traded lower by nearly 0.7%, reflecting growing nervousness across sectors.

In a conversation with ET Now, market expert CA Rudramurthy BV flagged the breakdown as technically significant.

“See, Nifty definitely trading below 25,300 on spot is not a good sign, that was the last support and if you see the latest short-term low what we made recently that was at around 25,327. So now, Nifty is decisively trading below that number of 25,327 which was the recent low. And this confirms to me that yes, today if we close below 25,300, a weekly close below this will clearly signal to me that more downside is definitely there for very short term.”

According to him, a weekly close beneath this threshold would strengthen the bearish case in the near term.

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Bank Nifty Joins the Weakness

What is adding to the concern is the weakness in banking stocks. Bank Nifty, which had been relatively resilient in recent sessions, slipped below the 60,800 level for the first time in this leg of the correction.
“And most important Bank Nifty which was showing strength till now, for the first time today it is trading below 60,800. So, Bank Nifty spot below 60,800 also tells to me that yes, the down move in Nifty will be led by Bank Nifty and IT which was already in pain continues the leg of move on the downside for Nifty.”
With IT stocks already under pressure, the broader market appears vulnerable to further downside if financials continue to weaken.
Key Support and Resistance Levels
From a technical standpoint, the next important support for Nifty lies in the 24,900–25,000 zone. For Bank Nifty, the long-term support is seen near 59,000.

“So, for me Nifty is a sell on every rise. Bank Nifty is now clearly showing signs of more weakness and any rise in market has to be used as a shorting opportunity for short-term trader… So, do not catch this falling knife. If you are a short-term trader, definitely wait out and look for opportunity to sell on rise.”

He emphasized that traders should remain highly selective, focusing on sector-specific and stock-specific opportunities rather than broad-based buying.

What Should Investors Do?
While short-term traders are advised to use rallies to lighten positions or initiate shorts, the tone is slightly different for long-term investors.

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“But for long-term investor, yes, use this opportunity to buy selectively into the right sectors and stocks.”

With a truncated trading week ahead, decisive upside moves may take time to emerge. For now, the technical setup suggests caution, discipline, and a clear distinction between trading strategies and long-term investing.

As volatility returns, the market’s next directional cue may well depend on whether the Nifty manages to reclaim 25,300 — or confirms a deeper correction below it.

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Revenues rise sharply at Leeds Building Society

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The building society said that it increased both savings and mortgage balances during 2025

Leeds Building Society says stress-testing requirements have unduly held some borrowers back.

Leeds Building Society has revisited its mortgage affordability assessments following guidance from the FCA.(Image: Taken from the Leeds Building Society image library. https://www.leedsbuildingsociety.co.uk/press/im)

Profits fell slightly at Leeds Building Society even as its revenues grew to nearly £800m.

The society’s annual reports show an increase in total income to £794 during 2025. But over the same period, net profit fell slightly to stand at £275.5m.

The society said it supported its members through favourable savings rates, which helped increase savings balances by £1.1bn year on year to £54.0bn. Mortgage balances also grew to £51.9bn, the annual report revealed.

Bosses said they were make progress on a number of strategic targets, including a record investment in technology and systems to improve speed of inbound payments.

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It said it was committed to its branch network and its role in local communities included an ongoing partnership with the charity FareShare, plus hosting Citizens Advice advisers at 44 of its branches to provide financial and legal advice.

Chief executive Susan Allen said: “Yorkshire Building Society delivered a solid performance for the year ending December 2025, growing our mortgage and savings balances sustainably and sharpening our Purpose, Real Help with Real Life, to set a clear path for the future.

“We continued to provide our members with above market average savings rates and went further to make good homes possible for more people. We launched targeted, innovative products to help overcome the challenges people face in finding a good home and building financial wellbeing. With economic challenges likely to remain in 2026, our renewed Purpose – and the support we offer our customers and communities as one of the UK’s biggest mutuals – matters more than ever.”

Looking ahead, the society said it would continue its focus on its strategic priorities, delivering competitive products and services for its members, and maintaining its financial strength.

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It said that it expected high levels of competition in mortgages and savings to persist but that it had “confidence in our business model and financial resilience and are well placed to navigate future challenges or periods of economic uncertainty.”

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Arhaus, Inc. 2025 Q4 – Results – Earnings Call Presentation (NASDAQ:ARHS) 2026-02-27

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q4: 2026-02-26 Earnings Summary

EPS of $0.11 beats by $0.02

 | Revenue of $364.85M (5.14% Y/Y) beats by $13.32M

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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California Resources set to report earnings ahead of merger close

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California Resources set to report earnings ahead of merger close

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Sunstone Hotel Investors earnings beat by $0.04, revenue topped estimates

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Sunstone Hotel Investors earnings beat by $0.04, revenue topped estimates

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Syensqo SA ADR 2025 Q4 – Results – Earnings Call Presentation (OTCMKTS:SYNSY) 2026-02-27

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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J.M. Smucker raises Hostess impairment costs by almost $1 billion

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J.M. Smucker raises Hostess impairment costs by almost $1 billion

Sweet Baked Snacks long-term growth outlook cut to 2%.

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Writing on the wall for letter delivery in Australia

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Writing on the wall for letter delivery in Australia

Australia will eventually follow Denmark’s lead and abandon its letter service, with deliveries of handwritten notes, Christmas cards and household bills destined to become a thing of the past.

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WWE’s Randy Orton Talks Retirement, Challenges Tom Brady to Take the RKO

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Randy Orton

WWE Superstar Randy Orton made an appearance on “The Pat McAfee Show” and openly talked about his retirement.

He also touched on NFL legend Tom Brady’s comments on WWE, challenging him to take an RKO.

Randy Orton on His Eventual Retirement

According to Sportskeeda, Orton got candid withh McAfee about his 26-year-long career and how long he thinks he has left in the ring.

“I’m 46 in a couple of months, and you know, I can’t do this forever,” the 14-time World Champion said. “I’ve been doing it for 26 years. If I could do it another decade, I will.”

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“The work rate, the way that I wrestle, you know, maybe I could pull that out,” he added. “But I know that time’s coming.”

Orton also touched on the one thing he wants to be able to do before he retires, whenever that may be.

According to The Viper, he said he wants to become a world champion one more time.

“That’d be huge. I think right now you’ve got Triple H and myself tied at 14. John Cena, of course, just retired with 17 World Championships,” he said. “You got Ric Flair, I think it’s 16. I’d love to get one more, at least one more.”

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“It would mean the world to me,” he admitted.

Orton Challenges Tom Brady to Take an RKO

Orton likewise addressed the comments made by Tom Brady, who called professional wrestling “cute.”

“10, 15, 20 years ago, I would have been hot. I would have had choice words to say for Tom Brady,” Orton admitted. “But every second I’m in that ring, I am soaking it up.”

According to SEScoops, Orton then went on to challenge Brady, saying, “Tom, if you want to take an RKO, dude — call Pat. Pat will call me.”

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Watch Randy Orton’s full interview on “The Pat McAfee Show” below:

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Netflix pulls out of Warner Bros Discovery bid after Paramount offer

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Netflix pulls out of Warner Bros Discovery bid after Paramount offer

Warner Bros. Discovery CEO David Zaslav may have been counting on watching one last round in the Netflix vs. Paramount Skydance boxing match to acquire the media company he runs. What he might not have anticipated was that Netflix wouldn’t even bother re-entering the ring.

Thursday after the market close, WBD announced that Paramount Skydance’s last and best offer of $31 a share for its film studio, streaming platform and cable networks was superior to Netflix’s previously accepted bid of $27.75 a share for the studio and streaming assets.

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WBD’s declaration started a countdown clock: Netflix was granted four business days to match or beat Paramount’s new bid, but just an hour and 10 minutes later, Netflix left the arena.

NETFLIX BACKS OUT OF WARNER BROS BIDDING WAR AFTER PARAMOUNT MADE ‘SUPERIOR’ OFFER

ted sarandos netflix co-ceo

WBD said Paramount Skydance’s last and best offer of $31 a share for its film studio, streaming platform and cable networks was superior to Netflix’s previously accepted bid of $27.75 a share for the studio and streaming assets. Netflix co-CEO Ted Sa (Charley Gallay/Getty Images for Netflix / Getty Images)

In a joint statement, the streamer’s co-CEOs, Ted Sarandos and Greg Peters, said, “The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid.” 

Considering Sarandos’ tone in the final days of the process, the market should have been ready for the quick exit. In an interview Feb. 20 on FOX Business’ “Claman Countdown,” Sarandos, when pressed as to whether he’d match a potentially higher bid by Paramount Skydance, seemingly took a page out of former Berkshire Hathaway CEO Warren Buffett’s “never overpay for an asset no matter how much you want it” playbook.

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The Netflix logo displayed on a building

Netflix was granted four business days to match or beat Paramount’s new bid, but just an hour and 10 minutes later, Netflix left the arena. (Mario Tama/Getty Images / Getty Images)

“We’ve been very disciplined buyers in our careers. Our shareholders know us and they expect us to continue to do what we do, which is remain a disciplined buyer,” Sarandos told FBN.

Netflix shareholders have never fully embraced the merger since the official bidding process began Nov. 20. Since then, Netflix shares have shriveled more than 19%.

Ticker Security Last Change Change %
NFLX NETFLIX INC. 84.61 +1.90 +2.30%
WBD WARNER BROS. DISCOVERY INC. 28.80 -0.10 -0.35%
PSKY PARAMOUNT SKYDANCE CORP. 11.18 +1.02 +10.04%

Much of the concern focused on whether the $82.7 billion dollar cost might shake Netflix’s solid balance sheet, and whether the deal would pass regulatory muster.

NETFLIX CO-CEO ACCUSES JAMES CAMERON OF SPREADING ‘MISINFORMATION’ ABOUT WARNER BROS. ACQUISITION

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An aerial view of the Warner Bros. logo displayed on the water tower at Warner Bros. Studio

Netflix shareholders have never fully embraced the merger since the official bidding process began November 20. (Mario Tama/Getty Images / Getty Images)

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Thursday evening when WBD confirmed the superiority of Paramount’s bid, Netflix shares saw a relief rally, soaring nearly 10% in after-hours trade.

In its statement, Netflix’s co-CEOs intimated they agreed with shareholders.

“This transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price,” Sarandos and Peters said.

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SSE Airtricity to reduce gas prices by 8% from April

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SSE Airtricity to reduce gas prices by 8% from April

It means the annual gas bill of a typical household with a credit meter will reduce by £80 a year.

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