Stock Market At Close: Sensex, Nifty In The Red
Benchmark indices close with losses after seven sessions of gains
NTPC, Tech Mahindra top laggards in Nifty 50
Nifty Bank ends in the red for second straight session
Rupee Closes Stronger Against US Dollar
Rupee strengthened 5 paise to close at 85.71 against US dollar
It ended at 85.76 a dollar on Tuesday
Source: Bloomberg
Stock Market: Nifty, Sensex End With Losses
In Wednesday's trading session the benchmark indices ended in the red.
Nifty 50 ended the day lower at 23,486.85
Sensex ended the day lower at 77,288.50
Vijaya Diagnostic Appoints Interim CFO
Vijaya Diagnostic Centre has appointed Ramchandra Reddy S as its Interim Chief Financial Officer (CFO), effective immediately.
Stock Market Live: Closing Bells Near
As market closing nears for Wednesday's trading session, benchmark indices Sensex and Nifty continue to stay in the slump. Nifty 50 down 0.76% and Sensex down nearly 1%.
Bharti Airtel Clears Rs 5,985 Cr Spectrum Liabilities
Bharti Airtel and its arm Bharti Hexacom have prepaid Rs 5,985 crore of high-cost spectrum liabilities, clearing high-cost debt related to the 2024 auctions. Additionally, the company has voluntarily redeemed $1 billion perpetual debt securities.
Source: Exchange filing.
Ashok Leyland Stock Price Surges
Ashok Leyland share price has surged over 4.5% on Wednesday as company to infuse Rs 200 crore in finance arm.
Stock Market: Benchmark Indices Down
The benchmark indices Sensex and Nifty 50 continued to trade in the red in Wednesday's trading session as they gave up gains of past seven sessions.
Nifty 50 was trading 0.50% down at 23,550.60
Sensex was down 0.65% at 77,508.35
LTIMindtree Expands Partnership With Arenco Group
LTIMindtree has strengthened its engagement with Arenco Group, a company involved in delivering machines and complete production lines worldwide, to modernise its IT infrastructure.
Maruti Suzuki Share Price Live: Capacity Expansion
The company's board as approved the establishment of a third plant at Kharkhoda, which will have a production capacity of 2.5 lakh vehicles per year. This expansion will involve an investment of Rs 7,410 crore, bringing the total capacity at Kharkhoda to 7.5 lakh units per year.
Source: Exchange Filing
Nifty Today Live: Benchmark Index Down
The Nifty has dropped over 300 points from yesterday's high.
It hit 23,869 intraday on Tuesday. It is now around 23,540 level.
Bharat Dynamics Share Price Jumps After Order Win
Bharat Dynamics signed a contract worth Rs 4,362 crore with defence ministry for the supply of armaments.
Source: Exchange Filing
Crisil's View On Cables And Wires
Revenue of cables and wires makers to rise 15-16% in FY26
Sector to benefit from rising investments in end-user segments
Capex momentum to sustain in FY25
Exports to grow stronger at 20-22% due to China+1 supplier diversification of US & EU
Industry operating margin to not be impacted due to low fixed cost structure
Expect RoCEs of organized players to above 20%
HDFC Bank's PPOP To Grow: Goldman Sachs
Goldman Sachs expects HDFC Bank's pre-provision operating profit (PPOP) to rise in the next financial year, driven by easing liquidity and a consolidating loan-to-deposit ratio.
Read more on this here
Cement Channel Check
All India prices in third quarter of FY25 up 3.2% quarter on quarter
Avg all India cement prices in Q4FY25 at Rs 365/50kg bag vs Rs 344 in Q3
Highest sequential uptick of 6.2% in the South region
North and central regions see 4.4% and 3.6% QoQ rise in prices
Source: Dolat Capital
Buzzing Stock At Noon
Stocks moving the most in Wednesday's trading session Larsen & Toubro, Waaree Energies, Laxmi Dental, Siemens, NCC and AU Small Finance Bank
RBI Governor On Regulations
There is a need to have laws and regulations which with surgical precision target only the illegitimate and the illicit, rather than use very broad and blunt tools to unintentionally hurt even the honest, Reserve Bank of India Governor Sanjay Malhotra said.
Read more about it here
Goldman Sachs Picks These Stocks For Strong Returns
Goldman Sachs Equity Research has identified HDFC Bank, Power Grid Corp. of India, and Godrej Consumer Products as top stock picks poised for strong returns.
Read more about it here
Jindal Stainless Inks Supply Pact with M1xchange
Jindal Stainless has strengthened its supply chain ecosystem by partnering with M1xchange, a digital invoice discounting platform. The stock surged over 1.5% on Wednesday.
Bharti Airtel Stock Inches Higher
Bharti Airtel has launched its Internet Protocol Television (IPTV) services across 2,000 cities in India, expanding its reach. The company's stock surged nearly 2% on Wednesday.
Nifty Rejig: Zomato, Jio Financial Services Make Cut, Britannia and BPCL Exit
The semi-annual rejig in the Nifty 50 is likely to cause major capital inflows in new entrants Zomato Ltd. and Jio Financial Services Ltd., while pulling money out of Britannia Industries Ltd. and Bharat Petroleum Corp.
Read more about it here
REC Board Approves Borrowing Plan
The board of Rural Electrification Corporation (REC) has approved a market borrowing program of Rs 1.7 lakh crore for the financial year 2025-26.
BofA Downgrades Zomato, Swiggy
BofA has downgraded Zomato to 'neutral' from 'buy' and Swiggy to ‘underperform’ from ‘buy’. The target price of Zomato has been lowered to Rs 250 from Rs 300 while Swiggy saw the sharper price cut with the target being slashed to Rs 325 from Rs 420.
Read more about it here
Stocks Down As 90-Day Lock In Period Ends
As the 90-day lock in period ends, Shares of Carraro India, Ventive Hospitality and Senores Pharmaceuticals were down.
GAIL's Natural Gas Pipeline Expansion Gets PNGRB Nod
The Petroleum and Natural Gas Regulatory Board (PNGRB) has approved GAIL's proposal to augment the capacity of its Dahej-Uran-Dabhol-Panvel natural gas pipeline
Likely Upside For Auto Sector Demand
Analysts suggested investors stay hopeful for the automobile sector, as demand will likely start to improve from April onwards, after the festive and wedding seasons start. India's demand for passenger vehicle and two wheelers have weakened in recent months.
Read more about it here
ZF Commercial Vehicle Control System Surges
ZF Commercial Vehicle Control System surged 6.5% at day's high level after the Ministry of Road Transport and Highways has announced a latest proposal for buses and trucks.
ICICI Bank Shares Surge
ICICI Bank has approved the allotment of 5.6 crore shares to the shareholders of ICICI Securities. The bank's share price surged marginally.
Trump's Reciprocal Tariff's India Impact
US President Donald Trump is set to impose reciprocal tariffs on trade partners to address the country's high trade deficit.
The tariffs will be implemented in a targeted approach to minimise disruption to the US economy and maximise concessions from trade partners
Read here to find out about the Indian sectors that are likely to be hit by Trump's reciprocal tariffs and road ahead
NSE Indices March 25 Rejig
The Nifty Indices Semi-Annual Rejig is set to take place on March 27, 2025.
Waaree Renewable's Share Price Spikes
Waaree Renewable's share price surges 5.53% after the company won Rs 262 crore Solar Power Project for 170 MW capacity.
NCC Ltd. Share Price Surges
NCC Ltd's share price surged over 6% after it bagged Rs 10,804 crore BharatNet Project Orders from BSNL.
Stock Market: Bharti Airtel, ICICI Bank Gain
In terms of Nifty point contribution, Bharti Airtel, ICICI Bank gained the most and L&T, UltraTech dragged the most.
Sectoral Indices Open Higher
On Wednesday's trade most sectoral indices opened higher with Nifty Realty and Nifty Energy gaining the most.
Stock Market: Sensex, Nifty Open Volatile
Nifty 50 opened with gains on Wednesday as it surged 0.18% to trade at 23,711.40, meanwhile Sensex opened 0.18% lower to trade at 77,876.83
Stock Market Pre-Open: Nifty Up, Sensex Flat
In market pre-open on Wednesday the NSE Nifty 50 gained 0.14% at 23,700 points and Sensex opened flat at 78,021 points.
Rupee Opens Stronger Against US Dollar
The Indian rupee started the day on a strong note, gaining 8 paise to open at 85.68 against the US dollar, compared to its previous close of 85.76.
Meanwhile, the yield on the 10-year bond opened flat at 6.64%, marginally up from its previous close of 6.63%.
Source: Bloomberg
WeWork India's IPO On Hold
The Securities and Exchange Board of India has put WeWork India's initial public offering on hold. EQT-backed Indira IVF has withdrawn its draft papers, which were filed confidentially.
Source: SEBI
Stocks On Brokerages' Radar Today
Brokerages chose Bajaj Finserv Ltd., Britannia Industries Ltd., Grasim Industries Ltd., Avenue Supermarts Ltd., and Hindalco Industries Ltd. for Wednesday's recommendations.
Read more about it here
Oil Prices Inch Higher
Brent Crude surged in Wednesday's session to trade at $73.28, up 0.33%. Meanwhile WTI Crude Oil was also up 0.35% trading at $69.24 per barrel.
The volatility comes in the wake of second round of tariffs set to be imposed by US President Trump starting April 2.
Gold Rates In India Witness Upsurge
Gold prices in India saw a surge, with the national average standing at Rs 88,010 per 10 grams on March 26, according to the India Bullion Association.
In New Delhi, the rate was Rs 87,700 per 10 grams, while Mumbai recorded a slightly higher rate of Rs 87,850. Kolkata had a lower rate of Rs 87,730, and Bengaluru stood at Rs 87,920. Chennai continued to witness the highest rate in the country at Rs 88,110.
US Market Update: Tech Rally Drives Stocks Higher
US stocks rose on Tuesday, driven by a rally in major tech companies, although gains were moderate following one of the best days in 2025.
The S&P 500 edged up 0.2% after a volatile session. Tesla Inc. extended its five-day surge to 28%, while Nvidia Corp. declined.
A four-year low in consumer confidence weighed on market sentiment, but traders continued to bet on Federal Reserve rate cuts this year.
Bond yields fell, the dollar stabilized, and oil prices dropped on news of a ceasefire agreement between Russia and Ukraine in the Black Sea
Asia Market Update: Stock Move With Little Change
Asian stocks saw modest gains in early trading on Wednesday as investors looked for a clear direction amid weaker US consumer confidence and a late rally in US equities.
The Nikkei gained 0.3%, Kospi was up 0.3%, Australia's S&P/ASX 200 and the Hang Seng seng rose 0.7% each.
US futures were up, with contracts for the S&P 500 and Dow Jones Industrial Average gaining 0.7% each. The Nasdaq 100 was up 0.1%
Gift Nifty Above 23,700: Infosys, Maruti Suzuki May Move
On Wednesday, Gift Nifty was trading above the 23,700-mark at 23,757, as it gained 78 points or 0.33% as of 07:19 a.m.
Among stocks expected to see movement is Infosys Ltd. as its expansion through a new Dutch subsidiary might be viewed positively.
Conversely, Star Health and Allied Insurance Co.'s public rebuttal of regulatory concerns could either reassure or further agitate investors.
Maruti Suzuki India Ltd., however, faces a substantial potential liability, as the Income Tax Department's draft assessment order for nearly Rs 3,000 crore will likely be a key factor in trade.
On Tuesday, Indian benchmark indices closed flat as Nifty 50 ended 0.04% up at 23,668.65 and BSE Sensex advanced 0.04% to 78,017.19.
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