Stocks in the Asia Pacific region extended fall for the third consecutive sessions on Tuesday taking cue from the meltdown in US stocks and amid fear that tariffs and government firing will stall economic growth in US.

South Korea’s Kospi fell 2.08%, or 53.38 points to 2,517.01, while Australia’s S&P ASX 200 was down 1.60% at 7,834.60 as of 7:10 a.m. Markets in Japan and Hong Kong fell on Tuesday, while the benchmark indices in China were relatively flat.

This comes after S&P 500 fell 2.7% on Monday, while the Nasdaq Composite slipped over 3% making it the worst day for the index since 2022. The Dow Jones Industrial Average fell over 2% on Monday.

The dollar index — which tracks the greenback’s performance against a basket of 10 leading global currencies — declined for the seventh consecutive session. The benchmark yield fell one basis point to 4.20%.

Crude oil extended fall on Tuesday after falling to six-month low on Monday, with the Brent crude falling 0.64% at $68.84 a barrel as of 7:13 a.m. IST, and the West Texas Intermediate was down 0.82% at $65.49.

India’s benchmark equity indices ended in the red on Monday, with the realty, and oil and gas sectors declining the most.

The NSE Nifty 50 snapped three sessions of gains and ended 92.20 points or 0.41% lower at 22,460.30, while the BSE Sensex closed 217.41 points or 0.29% down at 74,115.17.

Foreign portfolio investors continued to remain net sellers of Indian equities for the 13th straight session on Monday as they net offloaded stocks worth Rs 485 crore. Domestic institutional investors stayed net buyers for the 23rd straight session as they net bought equities worth Rs 263.5 crore.

Stocks To Watch

  • IndusInd Bank: The bank found accounting discrepancies in its derivatives portfolio during an internal review, with an adverse impact of nearly 2.35% of net worth as of December 2024.

  • Bharat Electronics: The company received orders worth Rs 843 crore, including RF seekers and vessel and air traffic management systems. Total orders received in financial year 2024-25 now stand at Rs 14,567 crore.

  • HEG: Singularity Fund to invest Rs 250 crore in Bhilwara Energy with an option to invest an additional Rs 250 crore.

  • Gensol Engineering: Promoter infused Rs 29 crore via conversion of warrants at Rs 871 per share.

  • Anupam Rasayan India: Signed a 10-year letter of intent valued at $106 million with a South Korean multinational to deliver advanced chemical solutions and expand global presence.

  • Ashoka Buildcon: Received a letter of award worth Rs 312 crore from Maharashtra State Electricity Transmission.

  • Bajaj Consumer Care: Completed acquisition of a 49% stake in Vishal Personal Care.

  • Aditya Birla Capital: To invest Rs 300 crore in subsidiary Aditya Birla Housing Finance via rights issue to fund growth and improve leverage.

  • Premier Explosives: Signed a joint venture agreement with Global Munition to manufacture defence and aerospace products.

  • NTPC: The group, along with subsidiary NTPC Green, signed memorandum of understanding worth Rs 96,000 crore with the Chhattisgarh government.

  • Syngene International: The company has acquired a manufacturing facility in the United States.

  • Karur Vysya Bank: The lender opens three new branches in Andhra Pradesh, Karnataka, and Tamil Nadu.

  • Thermax: Thermax Chemical Solutions has entered into an agreement with OCQ to manage the manufacturing, trading, and marketing of specialty chemicals.

  • Indoco Remedies: The company’s Hyderabad research and development plant received one form 483 from the US FDA. The on-site inspection was conducted from March 3 to March 7.

  • Hindustan Zinc: The company has approved the issue of NCDs worth up to Rs 500 crore.

  • MSTC: The company has received a work order from Coal India to serve as the e-auction service provider, responsible for conducting e-auctions of coal and coal products for coal companies over the next two years.

Bulk Deals

  • Bharti Airtel: Sei Trust Co. as Trustee Obo Allspring Emerging Markets Equity Cit bought 9.39 lakh shares (0.01%) at Rs 1,630.7 apiece, Wells Fargo Emerging Markets Equity Cit sold 9.39 lakh shares (0.01%).

Insider Trading

  • NCC: Promoter Bhupathi Raju Kausalya bought 10,800 shares on March 7.

  • Pidilite Industries: Promoter Radha Singh sold 77,500 shares on March 5 and March 6. Promoter Shivan Singh sold 77,500 shares on March 6.

  • JK Lakshmi Cement: Promoter Bengal and Assam Co. bought 27,000 shares on March. 5.

  • Man Industries (India): Promoter Man Finance bought 9,366 shares on March 7.

  • NRB Bearings: Promoter Harshbeena Zaveri bought 13,000 shares between March 7 and March 10.

  • Indoco Remedies: Promoter Shanteri Investment bought 8,153 shares on March 7.

Trading Tweaks

  • Price band changes from 10% to 5%: Panacea Biotec.

  • Price band change from 20% to 10%: Bharat Wire Ropes.

  • Ex/record Dividend: Bharat Electronics.

  • Ex/record Split: IOL Chemicals and Pharmaceuticals.

  • Moved into short-term ASM framework: KDDL, Ventive Hospitality.

  • Moved out of short-term ASM framework: Premier Polyfilm

F&O Cues

  • Nifty March futures down by 0.63% to 22,515 at a premium of 55 points.

  • Nifty Feb futures open interest down by 2.09%.

  • Nifty Options March 13 Expiry: Maximum call open interest at 23,000 and maximum put open interest at 22,000.

  • Securities in ban period: BSE, Hindustan Copper, Manappuram Finance.

Currency Update

The rupee ended near one-week low against the US dollar on Monday, amid persistent demand for the greenback as risk-off sentiment increased among investors on tariff fears. It ended 45 paise lower at 87.33 against US Dollar, the lowest level since March 4.

. Read more on Markets by NDTV Profit.The NSE Nifty 50 ended 92.20 points or 0.41% lower at 22,460.30, while the BSE Sensex closed 217.41 points or 0.29% down at 74,115.17 on Monday.  Read MoreMarkets, Notifications 

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