KEY HIGHLIGHTS
Stock Market At Closing
Nifty and Sensex end lower on Monday with Nifty snapping its three-day winning streak and Sensex extending its decline.
Intraday, both Nifty and Sensex had risen nearly 0.55%.
Nifty ends 0.41% or 92.20 points down at 22,460.30.
Sensex ends 0.29% or 217.41 points lower at 74,115.17.
Broader indices also closed lower. Nifty Midcap 150 ended 1.42% lower; Nifty Smallcap 250 closed 1.90% higher.
Most sectoral indices fell with Nifty realty and Nifty oil and gas falling the most. Nifty FMCG was the only sector in green.
The market breadth was skewed in the favour of sellers, as 2,875 stocks declined, 1,206 advanced and 148 remained unchanged on the BSE.
Infosys, HUL, Power Grid, ITC and Nestle emerged as the top gainers for the day.
On the other hand, Reliance Industries, L&T, Trent, ONGC and Mahindra and Mahindra were the worst performers of the Nifty 50 index.
Maharashtra Budget 2025: Nifty Auto Falls Over 1% As Government Increases Motor Vehicle Tax
The Maharashtra government in its Budget 2025 has increased the motor vehicle tax to add Rs 150 crore to state's revenue. It is proposed to increase motor tax by 1% on CNG 4-wheelers.
In addition, EVs worth over Rs 30 lakh will be taxed at 6%.
Stock Market Live: All Sugar Stocks Decline
ISMA to meet OMCs on Tuesday at Nitin Gadkari's residence
Meeting to discuss some policies for ethanol blending
Seeking clarity on Ethanol Policy and pricing ahead of new sugar season
Nitin Gadkari, Prahlad Joshi and Hardeep Singh Puri to be present in the meeting
Alert:
Government had kept prices of ethanol from B Heavy, Sugarcane juice unchanged.
Price of ethanol produced from C-heavy molasses increased by 0.88 from 56.58 to 57.97.
Petrol in India is currently being blended with 19% ethanol.
Sources to NDTV Profit
Stock Market Live: OMC Stocks Decline On No Additional LPG Compensation In Second Supplementary Demand
OMC shares decline as no additional LPG compensation announced in second supplementary demand.
Alert:- Total OMC LPG subsidy compensation stands at Rs 28,080 crore.
Stock Market Live: Nifty, Sensex Give Up Initial Gains
Indian equities were trading higher after opening with Nifty and Sensex rising over 0.55%. However, both the benchmark indices gave up gains to trade lower on Monday. Nifty was trading below 22,500 and Sensex fell over 150 points.
Maharashtra Budget 2025: Mumbai To Get Third Airport Near Vadhavan Port
Mumbai's third airport will be near Vadhavan port, alongside the Mumbai-Ahmedabad bullet train station.
Rs 76,000 crore allocated for widening port, state's 26% share.
Works worth Rs 158 crore approved in Devbagh.
Urban Hut Centre set up in Nagpur.
Establishment of Maitri web portal for industry permission.
Education for 10,000 women through Microsoft Company.
Stock Market Live: Hudco Share Price Today
Hudco shares fall nearly 2% on Monday after the company approved an interim dividend of Rs 1.05 per share for financial year 2025.
Maharashtra Budget 2025: State's New Industrial Policy 2025 To Be Announced Soon, Says Ajit Pawar
"Maharashtra's new Industrial Policy 2025 will be announced soon. The policy will aim to invest Rs 40 lakh crore and create 50 lakh jobs in a period of 5 years. Along with the new industrial policy, a space and defense sector production policy, electronics policy, gems and jewelry policy, micro, small and medium enterprises policy, and a separate sectoral policy for the circular economy will be announced. New labor rules will be formulated as per the new labor code of the central government," said Ajit Pawar in his speech while presenting the budget.
Gensol Engineering And The Curious Case Of Missing Cash
It is turning out to be a case of falsified and misleading disclosures in the case of Gensol Engineering Ltd. The EPC contractor imploded within three weeks of announcing its third quarter earnings that raised the first red flag for investors.
To begin with, Gensol had set a target of Rs 2,000 crore in revenue for the fiscal ending March 2025, but managed just Rs 1,056 crore for the nine months ending December 2024. This means the company's on the way to miss its revenue guidance for the second consecutive fiscal.
The EPC contractor disclosed in the last earnings call that it had an order book of Rs 7,000 crore, with Rs 3,000 crore received in the last one quarter alone. Execution was held up though, as land was not transferred by the developer. The company claimed that these orders need to be executed in the next 18–24 months.
Maharashtra Budget 2025: State Finance Minister Begins Speech
The budget speech by Maharashtra Finance minister, Ajit Pawar has started.
Finance Minister Tables Second Batch Of FY25 Supplementary Demands In Lok Sabha
Government seeks net Rs 51,463 crore in financial year 2025 second batch.
This mainly includes Approval for spending Rs 7,000 crore towards Unified Pension Scheme.
Alert: UPS will come into effect on April 1.
Rs 12,000 crore will go towards Oil Industry Development Fund.
Alert: Feb Budget created new OIDC fund to cover LPG, fertiliser subsidy shortfall
Varun Beverages Share Price Update: Large Trade In Stock
Over 1.48 million shares of Varun Beverages were traded via a block deal on Monday. The share of Varun Beverages rose as much as 0.33% to Rs 489.35 apiece.
Jubilant Food: What Jefferies Has To Say
Maintain Buy with TP of Rs 1,000 – 66% upside.
Conviction Buy and best idea in the retail/discretionary space.
Don’t see third quarter as an aberration; series of initiatives undertaken in the past few quarters will help continue the momentum in the coming quarters.
Ebitda margins should expand over 250bps.
Also like franchises that focus on growth, and we believe profitability will follow the growth.
Promoter’s acquisition of Hindustan Coca-Cola Holdings deal also appears to be structured in a bid to avoid significant outlay at one go.
Stock Market Live: Bharti Hexacom Can Rally 22%
Bharti Hexacom Ltd. received a 'buy' rating from Motilal Oswal Financial Services Ltd, as the brokerage initiated coverage while picking the stock as a preferred play on India's wireless growth story. Motilal Oswal analysts ha have set a target price of Rs 1,625 apiece for the counter, implying an upside potential of 22%.
Bharti Hexacom rose 1.51% to Rs. 1,363.35 apiece in early trade, before erasing gains to trade 0.69% down at Rs 1,333.5 apiece as of 12:23 p.m., as compared to 0.14% advance in the NSE Nifty 50 index.
Stock Market Live: Capex Ramp-Up To Continue Says Jefferies, But Suggests Investors To Take Calibrated Approach
There has been a significant uptick in capital expenditure, according to Jefferies. But despite the uptick, spending is not spread evenly across sectors. Stocks like Siemens Ltd., Hindustan Aeronautics Ltd., KEI Industries Ltd. and Larsen & Toubro Ltd. are on the brokerage's watch list.
Read full story here.
Indian Pharma Market Grew Marginally Lower At 7.5% In February 2025
Indian Pharmaceuticals Market has delivered marginally lower revenue at 7.5% year on year in February 2025, compared to 8.7% year on year in January 2025. Overall, growth in February was driven by growth in price (5.2% YoY) and new launches (2.4% YoY), while volume growth continued to remain muted at negative 0.2% YoY.
Read full story here.
Global Headwinds Remain Despite Indian Equities Surviving The Worst: Goldman Sachs
The worst seems to be behind for Indian equity markets in terms of economic growth and earnings trajectory, but market volatility will likely remain high given global headwinds in the backdrop of reciprocal tariff from the US, Goldman Sachs said. Further, domestic positioning on small and midcap stocks will also impact volatility.
Stock Market Live: Most Adani Group Stocks Advance
Most Adani Group stocks advanced on Monday. The rise was led by Adani Energy, while the groups Cements stocks were in the red.
Ambuja Cements, Sanghi Industries, ACC were in the red as the Cement sector was under pressure.
Stock Market Live: Most Real Estate Stocks Decline
Most railway stocks decline in trade on Monday with Sobha leading the decline. Brigade Enterprise was the only stock to trade in the green.
Stock Market Live: All OMC Stocks Decline
All Oil Marketing Companies stocks decline in trade on Monday with Indian Oil Co. leading the decline followed by Chennai Petrochemical.
Tata Steel Share Price Update: Large Trade In Stock
Over 4.03 million shares of Tata Steel were traded via another block deal on Monday. The first deal has 5.08 million shares trade in block deal. The share of Tata Steel rose as much as 0.85% to Rs 152.85 apiece.
Stock Market Live: Railway Stocks Decline
Most railway stocks decline with Titagarh Railway leading the decline. Timken was the only stock to trade in the green.
Stock Market Live: Most Defence Stocks Decline
All defence stocks were trading in the red with BEML leading the decline followed by Mazagon Dock.
Sensex, Nifty Today: Stock Market Watch 12 PM
Indian equities were trading higher with Nifty rising nearly 0.13% at 22,580.55 and Sensex rose over 130 points at 74,460.08.
Intraday, both Nifty and Sensex rose over 0.55%.
Nifty rose 0.55% to 22,676.75.
Sensex rose 0.55% to 74,741.25.
Broader indices were trading lower. Nifty Midcap 150 fell 0.59%; Nifty Smallcap 250 was trading 1.04% lower.
Most sectoral indices fell, led by Nifty oil and gas and Nifty PSU Bank.
Nifty Bank fell 0.10%, Nifty IT was up 0.15%.
Infosys, ICICI Bank, HUL, Power Grid and Bajaj Finance were top Nifty gainers.
Reliance Industries, L&T, Trent, IndusInd Bank were top Nifty losers.
Tata Steel Share Price Update: Large Trade In Stock
Over 5.08 million shares of Tata Steel were traded via a block deal on Monday. The share of Tata Steel rose as much as 0.85% to Rs 152.85 apiece.
SBI Card Share Price Update: Large Trade In Stock
Over 1.03 million shares of SBI Cards were traded via a block deal on Monday. The share of SBI Cards rose as much as 1.26% to Rs 845.30 apiece.
Stock Market Live: Godrej Consumer Share Price Today
Godrej Consumer launches its first greenfield facility in Tamil Nadu, the company announced on Monday.
Source: Exchange Filing
Stock Market Live: Hyundai's Rs 31,526 Crore Related-Party Transactions Under Scrutiny
Company filed postal ballot notice on February 11th 2025 for entering into following material related party transactions
E-voting commenced from 12th February 2025 and shall end on Thursday, 13th March 2025, (5:00 p.m. IST
Company looking to enter related party transactions worth Rs. 31,528 crores across 7 entites.
Related party entities include
1. Mobis – Aggregate value not exceeding Rs 12,525 crores.
2. Hyundai Motor Company – Rs 4,607 crores.
3. Hyundai Transys Lear Automotive India Private Ltd – Rs 2,556 crores.
4. Kia India Private Ltd – Rs. 5,824 crores.
5. HEC India LLP – Rs. 3,000 crores.
6. Hyundai Motor De Mexico S DE RL DE CV – Rs. 1,852 crores.
7. PT Hyundai Motor Manufacturing Indonesia – Rs. 1,164 crores.
Source: Exchange filing
Stock Market Live: SEBI March 24 Meeting Likely Agenda
Big ticket agenda under the new SEBI chief
Clearing corporations likely to get more independence
Exchanges ownership likely to get capped.
SIM card binding to demat account to be approved.
This is to be like a UPI model
Stricter disclosure norms for REITs & InvITs
Other issues:
Extending research analysts' (RA) fee collection period to one year
Easing rules for angel funds, allowing accredited investors
Expanding scope of qualified institutional buyers
Removing 200-investor cap for private placements
Industry consultation on MII governance standards
Discussion likely on ESG rating framework
Rating withdrawal proposals could see approval
Source: People in the know
Stock Market Live: Bharat Electronics Share Price Today
Shares of Bharat Electronics Ltd. rose over 2.34% to Rs 283.47 apiece. It pared gains to trade 0.42% higher at Rs 278.16 as of 11:23 a.m. This comes as Monday marks the last session for investors to buy shares to qualify for receiving interim dividend before the stock goes ex-date.
Read full story here.
What's Up With Gensol Engineering? Debt Woes, Promoter Selling Shake Confidence Of Investors
Shares of Gensol Engineering Ltd. have declined 56% in just over a month, wiping off Rs 1,600 crore of market capitalisation.
This free fall is not part of the Indian market sell off, but rather multiple factors pertaining to the company's debt repayments that have shaken investor confidence.
Read full story here.
Stock Market Live: SPML Infra Shares Hit Upper Circuit
The shares of SPML Infra hit an upper circuit on Monday. The shares rose 5% to Rs 176 after the company signed an agreement for Rs 618 crore irrigation project to boost agricultural growth in Jharkhand.
Stock Market Live: Ireda Share Price Drops
Indian Renewable Energy Development Agency Ltd. share price traded lower on Monday after the Reserve Bank of India declined the request for investment in a mega hydro project in Nepal.
Stock Market Live: Neogen Chemicals Falls Nearly 8%
The shares of Neogen Chemical were trading lower on Monday. The shares fell 7.68% to Rs 1,665, however, the shares pared its losses and was trading 6.27% lower as of 10:17 a.m.
This comes as the company has revised its guidance for financial year 2025 to Rs 765-800 crore from Rs 800-825 crore. The company has also revised its revenue guidance for financial year 2026 to Rs 775-850 crore from Rs 950-1,000 crore for standalone business.
Stock Market Live: Kesoram Industries Locked In Lower Circuit
The shares of Kerosam Industries was locked in lower circuit after it demerged on Monday.
Stock Market Live: Gensol Engineering Share Price Today
The shares of Gensol Engineering were trading lower on Monday. The shares fell 4.32% to Rs 308, however, the shares pared its losses and was trading 4.01% lower as of 10:09 a.m. This comes as the promoters of the company sold nearly 2.37% stake to unlock liquidity that will be reinvested through equity infusion.
Stock Market Live: Infosys Share Price Today
The shares of Infosys were trading higher on Monday. The shares rose 1.39% to Rs 1,709.45, however, the shares pared its gains and was trading 1.11% higher as of 10:05 a.m. This comes as CLSA upgrades its performance to Outperform from hold on the back of revival in discretionary demand across key verticals and geographies.
Stock Market Live: Nifty Auto Snaps Three-Day Winning Streak
Nifty auto snapped its three-day gain to fall 1% on Monday. The index falls as BofA remains cautious of the Auto sector. The brokerage has cut the target price of Mahindra & Mahindra, Bajaj Auto, Tata Motors, Her Moto, Hyundai and Escorts.
Read full story here.
Stock Market Live: Nifty Metal At Over Two-Month High
Nifty metal extends gains for the sixth day on Monday after being the top gaining sectoral index last week. The Nifty metal index also touched a new two month high today. This comes as Jefferies maintained a positive stance on the sector. In its report it also noted that the metal stocks have outperformed the Nifty-50 index. The brokerage has hiked the target price for Tata Stee land Hindalco, while maintaining a buy rating for both the metal companies.
Markets Should See A Bounce From A Near-Term Perspective, Says Jefferies Mahesh Nandurkar
The markets have hit the bottom in near-term perspective and there could be a bounce in the near-term, Mahesh Nandurkar of Jefferies told NDTV Profit. From a medium to long-term perspective global factors will matter and things will be looking better for the next 2-3 months he added.
He also said that one cannot take for granted that the markets are bottomed.
Stock Market Live: Sun Pharma Share Price Today
The shares of Sun Pharma were trading higher on Monday. The shares rose 2% to Rs 1,641, however, the shares pared its gains and was trading 0.19% lower as of 9:31 a.m.
Stock Market Live: IndusInd Bank Share Price Today
The shares of IndusInd Bank were trading lower on Monday. The shares fell 5.94% to Rs 881.10 as shorter tenure extension of IndusInd Bank Ltd. Chief Executive Officer Sumant Kathpalia will increase governance and other concerns for the lender and act as an overhang on the stock, according to analysts. However, the shares pared its losses and was trading 3.62% lower as of 9:28. a.m.
Read full story here.
Stock Market Live: Sectoral Indices Open Mixed
On NSE, six of the 12 sectors were in the green. The Nifty Media was the best performing sector during open, while Nifty Auto dragged.
Broader markets were trading lower, with the NSE Midcap 150 was trading 0.12% lower and NSE Smallcap was trading 0.35% lower.
Stock Market Live: M&M, L&T Drag; Bharti Airtel, Sun Pharma Lead Gains
Mahindra & Mahindra, L&T, IndusInd Bank, ITC, TCS weighed on the Nifty 50 index.
Bharti Airtel, Sun Pharma, Bajaj Finance, Axis Bank and Bharat Electric added to the Nifty 50 index.
Stock Market Live: Nifty, Sensex Open Flat
The NSE Nifty 50 and BSE Sensex opened flat on Monday. The Nifty 50 opened 0.14% lower at 22,521.85 and the Sensex opened 0.19% up at 74,474.98.
"Immediate resistance is identified around 22,688, coinciding with recent swing highs and the breakdown zone. A decisive breakout above this level could pave the way for a further rally toward the range of 22,774 to 23,762," said Ameya Ranadive Chartered Market Technician, CFTe, Sr Technical Analyst, StoxBox.
Stock Market Live Update: Nifty, Sensex Trade Mixed Pre-Open
At pre-open, the NSE Nifty 50 was trading 30.65 points or 0.14% lower at 22,521.85. The BSE Sensex was 0.19% higher at 74,470.27.
Rupee Vs Dollar Today: Indian Currency Weakens Sharply
Rupee opened 39 paise lower at 87.27 against the US Dollar. It closed at 86.88 on Friday.
Source: Bloomberg
The dollar index is 0.03% higher at 103.87. Brent crude was down 0.60% to $69.94.
Bharti Airtel Share Price Update: Large Trade In Stock
Over 9.40 lakh shares of Bharti Airtel were traded via a block deal on Monday.
Nifty Today: What F&O Cues Indicate
Nifty March Futures up by 0.08% at a premium of 97.45 points.
Nifty March futures open interest down by 0.29%.
Nifty Options March 6 Expiry: Maximum Call open interest at 22300 and Maximum Put open interest at 20500
Securities In Ban Period: Manappuram Finance, Hindustan Copper
India Valuations Have Become Very Attractive, Says Rahul Chadha
Indian valuations have become very attractive, Rahul Chadha told NDTV Profit. He also added that emerging markets allocation will pick up from April-June quarter. However, he pointed that India's large caps have bottomed out.
Dollar Check
The US Dollar index is down 0.01% at 103.83.
Euro was down 0.04% at 0.9226.
Pound was up 0.05% at 0.7742.
Yen was down 0.30% at 147.59.
Stock Market News Live: Global Check
Stocks in the Asia Pacific region rose on Monday amid concerns about economic growth in the US. Additionally, China's inflation dipped below zero for the first time in a year.
South Korea's Kospi rose 0.49%, or 12.60 points to 2,576.08, while Australia's S&P ASX 200 was up 0.27% at 7,969.80 as of 7:23 a.m. Markets in Japan rose on Monday, while the benchmark index in China and Hong Kong were in the red.
This comes after S&P 500 rose 0.55% on Friday, while the Nasdaq Composite rose over 0.70% and the Dow Jones Industrial Average also rose by 0.52% on Friday.
Stock Market News Live: GIFT Nifty Indicates Muted Open
The GIFT Nifty was trading near 22,600 early on Monday. The futures contract based on the benchmark Nifty 50 fell 0.14% to 22,596 as of 7:46 a.m., indicating a muted start for the Indian markets.
The benchmark equity indices closed flat on Friday, with the NSE Nifty 50 snapping its three-week rout and registering the best weekly gains in three months. The Nifty ended 7.8 points or 0.03% higher at 22,552.5, while the BSE Sensex closed 7.51 points, or 0.01% down at 74,332.58.
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