Image: Unsplash
Indian equity benchmarks ended higher on Tuesday, recouping most of Monday's losses. The BSE Sensex rose 1.9% or over 1,370 points to close above 74,000 and the NSE Nifty 50 advanced 1.8% to settle above 22,900. The gains in the benchmark Indices were led by HDFC Bank, ICICI Bank and L&T.
All the 15 sectoral gauges compiled by the NSE advanced, led by the NSE Nifty Auto Index's 2.4% rally.
Stocks In News
- United Spirits: The company will sell its entire 100% stake in Royal Challengers Sports Pvt Ltd (RCSPL) for Rs. 16,660 crore to a consortium comprising the Aditya Birla Group, Times Group, Bolt, and Blackstone.
- AWL Agri Business: The company strengthens its flour portfolio with the launch of Fortune Atta with Multigrains.
- Fedbank Financial Services: The company approves issuance of Rs. 450 crore worth of NCDs on a private‑placement basis.
- Adani Enterprises: The company's arm completes acquisition of the balance stake in IANS India for Rs. 4.7 crore.
- NTPC Green: The company signs an MoU with Nxtra Data for development of renewable‑energy projects.
- Waaree Energies: The company approves a capex plan of Rs. 3,900 crore for setting up a glass‑manufacturing plant.
- WPIL: The company will sell its 100% stake in Sterling Pumps Pty for AUD 2.34 million.
- HDFC Life: The company receives a tax demand of Rs. 172 crore, including penalty, from the Mumbai tax authorities.
- BPCL: The company's JV with Sembcorp bags a contract to supply 10 KTPA of green hydrogen to Numaligarh Refinery & commissions its 2G bioethanol refinery at Bargarh.
- New India Assurance: The company receives a tax demand of Rs. 189 crore from the Income Tax Department.
- Magellanic Cloud: The company approves participation in the rights issue of its arm, Scandron Private.
- L&T: The company's step‑down arm, SiliConch Systems, is merged with its arm, L&T Semiconductor Technologies.
- Magellanic Cloud: The company's arm secures an order worth over Rs. 25 crore from Punjab & Sind Bank.
- TCPL Packaging: The company invests an additional Rs. 2.3 crore in its arm, Creative Offset Printers.
- Natco Pharma: The company approves demerger of its agrochemicals business, decides to liquidate its Australian unit, and will incorporate a Nigeria unit with USD 100,000 capital. One share of the agrochemicals company will be issued for each share in Natco Pharma.
- Aditya Birla Capital: The company allots 25,000 NCDs worth Rs. 250 crore.
- Tata Steel: The company acquires a stake in T Steel Holdings for Rs. 1,680 crore.
- Aequs: The company announces the resignation of Dinesh Iyer as CFO.
- Bosch Home Comfort: The company appoints Rishi Mehta as Executive Director – Finance & CFO.
- Ceigall India: The company reports cancellation of two tenders worth Rs. 297 crore by the Punjab government due to administrative reasons; it was earlier declared L1 bidder.
- Nitco: The company announces the resignation of CFO Bikash Jain.
- V‑Guard Industries: The company receives a tax demand of Rs. 10 crore from the Income Tax Department.
- Hindware Home Innovation: The company exercises a put option under its share‑subscription pact regarding its shareholding in Hintastica.
- Clean Max Enviro: The company approves issuing corporate guarantees worth Rs. 275 crore for its subsidiaries.
- Ceigall India: The company secures two orders worth Rs. 397 crore from Purvah Green Power.
- ICICI Prudential Life: The company receives a tax demand of Rs. 391 crore, including interest, from the Mumbai tax authorities.
- Ashapura Minechem: The company incorporates a UAE arm and reappoints Hemul Shah as Executive Director & CEO for two years.
- Avenue Supermarts: The company opens two new stores in Telangana and Andhra Pradesh, taking the total count to 469.
- JB Chemicals & Pharma: The company's shareholders approve the appointment of Aman Mehta as Managing Director for three years.
- Inventurus Knowledge Solutions: The company expands its strategic collaboration with Certilytics
- Aqylon Nexus: The company executes an MoU with DataDirect Networks India.
- RBL Bank: The company reports withdrawal of a Rs. 92 crore tax demand by the Mumbai tax authority.
- Indian Bank: The company successfully raises up to Rs. 5,000 crore via long‑term infrastructure bonds.
- CESC: The company incorporates two new arms, Purvah Ecoenergy Solutions and Purvah Powerventures.
- Thomas Cook: The company approves a supplemental agreement to the share‑subscription–cum‑JV pact with Atirath Tech; the JV will have an authorised capital of Rs. 9.96 crore.
- Welspun Corp: The company's arm will sell its stake in a Saudi associate to another arm for Rs. 2,450 crore.
- Crisil: The company receives a tax demand of Rs. 121 crore from the Income Tax Department.
- JK Paper: The company allots 18.6 lakh shares to Fireman Services and 1 crore shares to JK Credit & Finance.
- ACME Solar: The company commissions the second phase of 35.71 MW capacity of its BESS project.
- Sanathan Textiles: The company will acquire a 26% stake in its arm, Serentica Renewables India 33, for Rs. 48 crore.
- Rossari Biotech: The company renames its arm from Rossari Global DMCC to Rossari Global FZCO.
- Kotak Mahindra Bank: The company announces that business activities of its arm, Kotak Mahindra Investments, will be conducted departmentally within the bank from April 1; the arm will not sanction new loans from that date. company completes the sale of its stake in its arm, Infina Finance.
- HMT: The company announces that Rajesh Kohli ceases to be Chairman & Managing Director Infosys: The company enters into a pact with the University of Nottingham to extend their strategic collaboration.
- Asian Paints: The company's arm, Harind Chemicals, approves a scheme of amalgamation to merge Nova with Harind.
- HMT: The company announces that the government has appointed N. Ramesh Kumar as Chairman and Managing Director (Additional Charge)
ALSO READ: Relief Rally Over? GIFT Nifty Hints At Negative Start On Wednesday Amid Mixed Signals On US-Iran War
IPO Offering
Amir Chand Jagdish
Day 1
Reports 1.19X overall subscription
NIIs at 4.61X
QIBs at 0.58X
Retail at 37%
Sai Parentals
Day 1
Reports 0.04X overall subscription
NIIs at 0.15X
Powerica
Day 1
Reports 0.01X overall subscription
NIIs at 0.01X
Central Mine Planning
Day 3
Reports 1.05X overall subscription
QIBs at 3.48X
Retail at 33%
NIIs at 0.35X
Bulk & Block Deals
- Rajesh Power Services: Jyotsna ramesh patel sold 1.50 lakh shares for Rs 785.14 per share
- Anzen India Energy Yield Plus Trust: Sepl energy sold 14.75 lakh shares for Rs 125 per share
- GSP Crop Science: Affluence gems bought 8.02 lakh shares, atrichhaya financial bought 3.90 lakh shares, maanit consultancy bought 3.08 lakh shares, maybank securities pte sold 8.72 lakh shares, rhetan estate bought 2.78 lakh shares, shine star build cap sold 10.30 lakh shares for Rs 328 per share
- Jindal Poly Films: Monet securities bought 3.55 lakh shares, seetha kumari sold 10.55 lakh shares, subham buildwell bought and subham capital bought 3.50 lakh shares for Rs 888 per share
- Mangalam Cement: Aditya birla real estate sold 9.80 lakh shares, ava trading and consulting bought 5 lakh shares, rambara trading bought 4.80 lakh shares for Rs 818 per share
- Raajmarg Infra Investment Trust: Hdfc mutual fund bought 35.08 lakh shares, morgan stanley asia singapore sold 73.15 lakh shares for Rs 106 per share
- Rashi Peripherals: Icici prudential mutual fund sold 8.63 lakh shares, l7 securities bought 8.17 lakh shares for Rs 345 per share
- Vintage Coffee & Beverages: Jainam broking bought 8.06 lakh shares for Rs 135.26 per share
- Adani Green Energy: Bnp paribas financial markets bought, morgan stanley asia (singapore) sold 6.90 lakh shares for Rs 808.3 per share
- Dalmia Bharat: Rama investment company bought, keshav power sold 3.88 lakh shares for Rs 1,801.55
Lock In
VMS TMT: 6 months lock in, 0.8 mn lock in shares, 2% of total outstanding shares
Insider Trade
- Apeejay Surrendra Park Hotels: Priya Paul, Promoter & Director, bought 28,875 shares
- Navin Fluorine International: MAFATLAL IMPEX, Promoter, revokes pledge of 1.50 lakh shares
- Responsive Industries: Fairpoint Tradecom, Promoter Group, pledges 6 lakh shares
- S H Kelkar and Company: Keva Constructions, Promoter Group, pledges 10 lakh shares
- Swan Defence And Heavy Industries: Hazel Infra, Promoter, sold 26.39 lakh shares
Additional Surveillance Measure (ASM)
List of securities shortlisted in Short-Term ASM Framework Stage: Gujarat Alkalies and Chemicals
Price Band
Price Band change from 40% to 20%: Prabha Energy
Price Band change from to 10% to 5%: JSW Holdings
F&O Cues
Nifty March futures is up 2.08 % to 22,984.00 at a premium of 71.6 points.
Nifty Options 30th March Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 20,000.
Securities in ban period: SAIL, SAMMAANCAP
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
