Market News

Murty is a retired 1991 batch Indian Defence Accounts Service (IDAS) officer and most recently served as Additional Controller General of Defence Accounts in the Ministry of Defence.

A gap between deal wins and financial performance is raising questions, as client churn and delayed conversions continue to limit growth despite a strong pipeline.

The MCX gold April futures contract rose over 3%, while the MCX silver May futures surged more than 5% on Thursday.

The Sai Parenteral's IPO was subscribed 6% as of 10:30 a.m. on March 25.

Amir Chand Jagdish Kumar (Exports) IPO comprises a fresh issue of 2.08 crore shares.

Brokerages see the RCB exit as a "clean unlock", opening the door to hefty payouts and sharper focus on United Spirits' core alco-bev business.

Fourteen out of 15 sectoral gauges compiled by the NSE advanced, led by the NSE Nifty Realty Index's 2.9% rally. On the flipside, the NSE Nifty IT Index was the only sectoral loser, down 0.7%.

Motilal Oswal has maintained its Buy rating on both Eternal and Swiggy, noting that the current valuation reset offers a favorable risk-reward for investors.

The subscription window for the IPO will remain open till March 27, 2026.

The ongoing Middle East conflict has pressured Indian equities. Investors are now seeking stable income through high dividend yields and defensive sectors.

Balance sheet remains better protected against macro-headwinds relative to peers.

Current grey market premium trends suggest a possible listing gain of around 1-4% for the initial public offerings of Amir Chand Jagdish Kumar and Powerica.

UBS has cut target prices for major Indian pharma stocks. Sun Pharma remains the only buy recommendation thanks to its recent semaglutide launch.

The brokerage highlighted that the company is expanding phosphoric and sulfuric acid capacity and targets to achieve full backward integration by FY29.

Bernstein said the best opportunities lie in thermal, nuclear, storage, and grid-linked names, rather than pure-play renewables alone with an exception for diversified renewable players.

United Spirits unlocked massive value by selling RCB for Rs 16,660 crore. Meanwhile, the Rajasthan Royals face a potential Rs 15,200 crore takeover.

The Amir Chand Jagdish Kumar (Exports) IPO is a book-built issue of Rs 440 crore, which comprises a fresh issue of 2.08 crore shares.

In the international markets, spot gold rebounded after nine sessions of losses, rising $16.96, or 0.38%, to $4,423.83 per ounce, while silver was trading 1.03% higher at $69.86 per ounce.

Investors can check the Central Mine Planning and Design Institute IPO allotment status on the websites of BSE, NSE, and KFin Technologies.

Given the current valuation and execution trajectory, the brokerage has initiated coverage on Bajaj Finserv with a Neutral stance.