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.
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.
"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
The budget speech by Maharashtra Finance minister, Ajit Pawar has started.
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
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.
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.
Bharti Hexacom Can Rally 22%, Projects Motilal Oswal Initiating Buy On Long-Term Growth Outlook
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 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
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.
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.
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.
Hyundai's Rs 31,526-Crore Related-Party Transactions Gets Advisory Firm Thumbs Down
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
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
Other issues:
Source: People in the know
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.
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.
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 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.
Over 9.40 lakh shares of Bharti Airtel were traded via a block deal on Monday.
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
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.
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.
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 Today: All You Need To Know Going Into Trade On March 10