Most markets in Asia-Pacific were trading higher on Tuesday, tracking a rebound on Wall Street. The Nikkei 225 and Kospi were trading 0.43% and 1.49% higher, respectively as of 7:24 a.m.

The Hang Seng and CSI 300 were trading 0.71% and 0.04% higher, respectively.

On Monday, the S&P 500 and Dow Jones Industrial Average ended 1.00% and 0.55% up, respectively. The Nasdaq Composite ended 0.14% down.

The June future contract of the brent crude was trading 0.16% higher at $74.86 a barrel as of 7:14 a.m. The dollar index was trading 0.05% down at 104.15 as of 7:16 a.m. The Bloomberg spot was trading 0.37% higher at $3,135.20 an ounce as of 7:25 a.m., according to data on Bloomberg.

The Nifty snapped its five-month losing streak and the Sensex paused its three-month declining spree even as the benchmark equity indices ended with losses on Friday. The markets were closed on Monday on the occasion of Eid.

The NSE Nifty 50 ended 72.60 points or 0.31% lower at 23,519.35, while the BSE Sensex closed 191.51 points, or 0.25% down at 77,414.92. During the day, Nifty fell as much as 0.60% to 23,450.20, while the Sensex fell 0.54% to 77,185.62.

Foreign portfolio investors turned net sellers on Friday after sixth session, as they sold equities worth Rs 4,352.8 crore. Domestic institutional investors remained net buyers for the second consecutive day and mopped up equities worth Rs 7,646.5 crore, according to provisional data from the National Stock Exchange.

Stocks To Watch

  • Suzlon Energy: Earlier announced order of 201.6 MW from O2 Power got reduced to 100.80 MW and reassigned to Solalite Power. Additionally, a 99 MW order from Vibrant Energy and a 100.8 MW order from Global Utility have been cancelled. The company’s order book stands at 5,622 MW as of March 28, 2025.

  • Supraji Engineering: Earlier announced acquisition of Stahlschmidt Cable Systems progresses as the company completes the second tranche of the transaction.

  • Ravindra Energy: Process of voluntary winding up begins for its arm, Renuka Energy Resource Holdings FZE.

  • Ceigall India: Completion certificate got issued for a Rs 81 crore construction project.

  • Zaggle Prepaid: The company signed an agreement with Wonder Home Finance to provide propositions for a period of 24 months.

  • Tata Motors: Share purchase agreement got executed as Tata Autocomp Systems acquired an 80% stake in Jaguar Land Rover Ventures from Jaguar Land Rover, a subsidiary of the company. Additionally, Tata Autocomp Systems acquired an 80% stake in Artifex Interior System, a subsidiary of Jaguar Land Rover Ventures. Consequently, both Jaguar Land Rover Ventures and Artifex Interior System cease to be subsidiaries of the company with effect from March 28, 2025.

  • Ramco Cements: Cement grinding capacity increased from 2 MTPA to 2.4 MTPA. The company’s total cement grinding capacity rose by 0.4 MTPA to 24.44 MTPA from 24.04 MTPA.

  • Prestige Estates: Plans investment in the equity shares of its arm Prestige Hospitality Ventures for an amount not exceeding Rs 1,625 crore.

  • Refex Industries: Two GST demand orders totaling Rs 29.31 crore got issued to the company.

  • Adani Green Energy: Incremental solar project of 37.50 MW got operationalised by its step-down arm at Khavda, Gujarat. The company’s total operational renewable generation capacity increased to 13,737.8 MW. Additionally, the company operationalised an aggregate 480.1 MW power projects at Khavda, Gujarat. The total operational renewable generation capacity increased to 14,217.9 MW.

  • Coforge: Got tax demand of Rs 185 crore from tax authorities against the company.

  • G R Infraprojects: The company signed a share purchase agreement with Indus Infra Trust for the transfer of 100% equity shares of GR Galgalia Bahadurganj Highway Private Limited, which upon completion, ceases to be a wholly-owned subsidiary of the company.

  • Bharti Airtel: Penalty of Rs 1.30 lakh imposed by the Department of Telecommunications for alleged violation of subscriber verification norms.

  • Mankind Pharma: Amalgamation completed for Shree Jee Laboratory, JPR Labs, and Jaspack Industries with the company.

  • Allcargo Logistics: Re-appointment of Shashi Kiran Shetty as the Chairman and Managing Director of the company approved.

  • Yatharth Hospital: The company is declared as the successful bidder of super specialty hospital in Delhi. It also completed an acquisition of 60% equity share in MGS Infotech Research and Solutions Private Ltd.

  • JSW Steel: Damages of Rs 183 crore levied by the Regional PF Commissioner-II for the belated remittance of provident fund contributions. The company was also declared as the successful bidder for Dugda Coal Washery in Jharkhand for 25 years. The washery has a capacity of processing 2 MTPA raw coking coal.

  • Morepen Laboratories: The company signed a loan agreement with Shinhan Bank for a term loan of Rs 25 crore.

  • Allied Blenders and Distillers: Tax demand of Rs 601.44 crore, including interest, issued by tax authorities. Additionally, a demand of Rs 58 lakh, including interest, issued to its arm by tax authorities. The company plans to file appeals against these tax orders.

  • Nesco: Intimation of disapproval received from the Brihanmumbai Municipal Corporation for the development of Tower 2 in the IT Park at Nesco Center, Goregaon (East), Mumbai.

  • Waaree Energies: Solar cell manufacturing gigafactory gets inaugurated in Chikhli, Gujarat.

  • Praj Industries: Fire incident gets reported at Praj Matrix, its R&D Center in Pune, on March 28, 2025. No casualties or injuries occurred, and the plant sustained no major damage. An investigation has begun to determine the source of the incident and strengthen preventive measures.

  • NHPC: Trial run of Unit 1 of the Parbati-II HE Project in Himachal Pradesh gets successfully completed. Additionally, the trial run of three units of 200 MW each completed. One unit of the Parbati-II HE Project was expected to be finalised by March 31, 2025.

  • Yes Bank: Demand of Rs 2,209.17 crore, including interest, raised by tax authorities.

  • Gandhar Oil Refinery India: Incorporation of its arm, Gandhar Lifesciences approved by the Ministry of Corporate Affairs.

  • Gujarat Alkalies and Chemicals: Production process of chlorotoluene gets started at its Dahej plant.

  • IGL: Solar plant gets planned in Rajasthan through a joint venture with Rajya Vidyut Utpadan Nigam. The company commits an equity investment of Rs 382 crore for the solar plant in Rajasthan.

  • RITES: The company secured a construction order worth Rs 157.25 crore, and an order worth Rs 155.50 crore from Numaligarh Refinery.

  • Punjab National Bank: Repo-Linked Lending Rate gets revised to 9.10% (including a Business Strategy Premium of 0.10%) from 9.00% (including a Business Strategy Premium of 0.10%), effective April 1, 2025. The existing Marginal Cost of Funds-Based Lending Rate and Base Rate remain unchanged.

  • Trident: Additional capacity of 11.02 MWp gets commissioned for its rooftop solar power project at Budhni, Madhya Pradesh. The total installed capacity of the solar power plant at the Budhni facility reaches 51.92 MWp.

  • Renaissance Global: Share purchase pact gets signed with Verigold Jewellery India to acquire a 97% stake. Consequently, Verigold Jewellery India becomes a subsidiary of the company.

  • ICICI Bank: Share purchase pact gets executed with First Data Holding I (Netherlands), First Data (India), and Fiserv Merchant Solutions. The board approves the proposal for the sale of a 19% stake held in ICICI Merchant Services.

  • JK Cement: Status of “Preferred Bidder” gets awarded for the composite license of the Gaitara Limestone Block in Chhattisgarh. The limestone block spans an area of 555 hectares with a G4 level of exploration.

  • BSE: The board approved a bonus issue of two shares for every share held. The record date for the 2:1 bonus issue will be announced later. This is the second time BSE is issuing bonus shares in a 2:1 ratio since its 2017 listing.

  • Vodafone Idea: The government will convert spectrum auction dues worth Rs 36,950 crore into equity. The company has been directed to issue 3,695 crore equity shares of the face value of Rs 10 each with which the government’s holding in Vodafone Idea will increase to 48.99% from 22.6%. The promoters will continue to have operational control of the company.

  • Dalmia Bharat: Subsidiary Dalmia Cement successfully commenced commercial production at its cement grinding unit at Rohtas Cement Works, enhancing its capacity by 0.5 MTPA to 1.6 MTPA. With this enhancement in cement capacity at Rohtas Cement Works, the total cement manufacturing capacity of the Group stands increased to 49.5 MTPA.

  • Avenue Supermarts: DMart opened four new stores in Jagtial (Telangana), Malegaon, Nashik (Maharashtra), Khargone (Madhya Pradesh) and Kundrathur, Chennai (Tamil Nadu).

  • India Pesticides: Subsidiary Amona Specialities will dissolve voluntarily.

  • Bandhan Bank: The lender received a provisional part-claim payout of Rs 123.25 crore. The payout addition to Rs 161.13 crore was settled by National Credit Guarantee Trustee Company earlier, with a balance claim to be received in line with the scheme guidelines.

  • Religare Enterprises: Rashmi Saluja ceases to be Non-Executive and Non-Independent Director of arm Care Health Insurance.

  • Vadilal Industries: The Gandhi family has agreed to settle their inter-se disputes and is desirous of restructuring the management. Likewise, the board has made changes to its top management.

  • Tejas Networks: The company received Rs 189.16 crore from the government under the Production Linked Incentive Scheme for telecom and networking products. This is the first tranche, amounting to 85% of the incentive for the first two quarters of FY25. The balance amount is expected to be released subsequently.

  • InterGlobe Aviation: The company received a penalty of Rs 944.20 crore from tax authorities.

  • Uno Minda: The board approved the re-designation and appointment of Nirmal K Minda as Executive Chairman (Executive Director) and the re-designation and appointment of Ravi Mehra as MD.

  • IRM Energy: The company announced the execution of its second long-term Regasified Liquefied Natural Gas (RLNG) supply agreement with Gujarat State Petroleum Corp. Under this agreement, IRM Energy will procure 65,76,000 MMBtu, equivalent to approximately 174.44 MMSCM at 9500 kCal Gross Calorific Value.

  • United Spirits: The board approved the sale of a residential property at Mumbai’s Malabar Hill for Rs 172 crore.

  • Ola Electric Mobility: The company has acquired its own cell and two-wheeler subsidiaries as part of its vertical integration strategy. The company invested Rs 199 crore and Rs 250 crore to acquire Ola Cell Technologies and Ola Electric Technologies and aims to fully integrate the cell and EV units with itself by 2025.

  • Vedanta: The board extends timeline for fulfilment of conditions precedent for demerger of Vedanta to September 30.

  • AU Small Finance Bank: The small finance bank announced the successful completion of capital raise of Rs 770 crore via issuance of Tier-II bonds. With this fund raise, the bank has achieved one of the largest bond issuances by any Small Finance Bank. HDFC Bank was the lead manager for the issue and was also the anchor investor for the deal along with Nippon India Mutual Fund.

  • Ambuja Cements: The company to seek shareholders’ approval for the merger with Adani cementation on May 2.

  • Power Mech: The company received Rs 425 crore order from the arm of Adani Power for a thermal power project and additional order worth Rs 972 crore for construction projects from National Highways Authority of India.

  • Brigade Enterprises: The company signed an agreement for Prime Land Parcel for Luxury Residential Project with a Gross development value at Rs 300 crore.

  • Astec Lifesciences: The company appointed Burjis Godrej as MD for five years from April 1.

  • Sterling Tools: NCLT sanctions the scheme of amalgamation between Haryana lSPAT & the company.

  • HAL: Defence Ministry signed two contracts with the company for the orders worth Rs 62,700 crore. The contract is for supply of 156 Light Combat Helicopters.

  • PTC India: The company approved the appointment of Dilip Srivastava as CFO.

  • Aurobindo Pharma: The company received cautionary emails from NSE, BSE regarding the delay in intimation of schedule of Investors meet held on June 10, 2024. The company was unable to intimate schedule of meet due to delay in finalising meeting schedule and availability of participants.

  • ICICI Prudential Life Insurance: The company received I-T department order worth Rs 328 crore including interest and penalty from Maharashtra tax authority.

  • GPT Health: The company received cautionary letter from NSE, BSE regarding delay in disclosure.

  • Mazagon Dock: The company to consider second interim dividend for FY25 on April 8.

  • Power Grid Corporation of India: The company to make an investment Rs 673 crore to procure six 397 MVA transformers.

  • Bajaj Electricals: The company approved the appointment of Sanjay Sachdeva as MD and CEO effective April 15.

  • BHEL: The company files before Bengaluru City Civil Judge seeking recovery of Rs 542 crore. The recovery of Rs 542 crore under EPC contract for unit of Bellary Thermal Power Station from Karnataka Power Corp.

  • ACC: Vinod Bahety replaces Ajay Kapur as Whole Time Director and CEO effective March 31. Appoints Rakesh Tiwary as CFO effective April 1.

  • Shree Cement: The company increased its clinker production capacity of Integrated Cement Rajasthan Plant to 4.50 MTPA from 3.80 MTPA.

  • Zydus Life: Sterling Biotech, co executes letter to extend date of completion of Business Transfer Agreement.

  • Mankind Pharma: The company received I-T Department orders worth Rs 183 crore, including interest for AY15 to AY18. Additionally, NCLT sanctions scheme of amalgamation of step-down arm BSV Pharma with arm Bharat Serums.

  • ITD Cementation: The company re-appoints Jayanta Basu as MD effective April 1.

  • Advait Energy: The company received order from Adani Green Energy Six for Khavda Hybrid Renewable Power Project.

  • CE Info Systems: The company appointed Rohan Verma as MD in existing arms effective April 1.

  • Lemon Tree: The company signed Signs Franchise pact for 54-rooms hotel in Pali, Maharashtra.

  • Reliance Industries: The company transfers 100% stake in Reliance Projects & Property Management Services to Reliance Retail for Rs 100 crore.

  • GMR Airports: AERA issues tariff order for Delhi Airport for fourth control period.

  • TVS Motors: The arm of the company has divested stake in Ion Mobility for $1.75 million. Ion Mobility is an associate company.

Block Deals

  • HAL: Goldman Sachs (Singapore) Pte.- Odi bought 3.85 lakh shares (0.05%) and Kadensa Master Fund sold 3.85 lakh shares (0.05%) at Rs 4176.25 apiece.

  • Zomato: Goldman Sachs (Singapore) Pte.- Odi bought 60.07 lakh shares (0.06%) at Rs 199.5 apiece, while Kadensa Master Fund sold 60.07 lakh shares (0.06%) at Rs 199.5 apiece.

  • Carborundum Universal: Promoter Southern Energy Development Corporation sold 10 lakh shares to Sheel Commodities, Nemish S. Shah (HUF), and Sandhya G. Parikh at an average price of Rs 965 per share.

Bulk Deals

  • Lancer container lines: Multitude Growth Funds Limited sold 29.44 lakh shares (1.25%) at Rs 13.34 apiece, Minerva Ventures Fund bought 27.5 lakh shares (1.16%) at Rs 13.34 apiece.

  • Praveg: Sageone Investment Managers LLP bought 1.8 lakh shares (0.69%) at Rs 516 apiece.

Insider Trade

  • Max Financial Services: Promoter Max Ventures Investment Holdings sold 55 lakh shares on March 27.

  • Mangalam Cement: Promoter Rambara Trading bought 14,500 shares on March 27. Promoter Vidula Consultancy Services Limited bought 90,000 shares on March 27.

  • JB Chemicals & Pharmaceuticals: Promoter Tau Investment Holdings Pte. Ltd. sold 89.83 lakh shares on March 27.

  • Sunteck Realty: Promoter Samagra Wealthmax bought 10,944 shares on March 26 and 27.

  • Steel Strips Wheels: Promoter Chandigarh Developers Private Limited bought 24,000 shares on March 27.

  • Ajmera Realty & Infra India: Promoter Rushabh Investment created a pledge for 51,000 shares on March 27.

  • Ashapura Minechem: Promoter Chetan Navnitlal Shah bought 45,000 shares on March 27.

  • Axiscades Technologies: Promoter Jupiter Capital revoked a pledge for 10 lakh shares March 27.

  • Alembic Pharmaceuticals: Promoter Nirayu bought 12,665 shares between March 27 and 28.

  • Wardwizard Innovations & Mobility: Promoter Yatin Sanjay Gupte created a pledge for 16.3 lakh shares between March 25 and 26.

  • Advanced Enzyme Technologies: Promoter Vasant Rathi bought 25,000 shares March 26.

Trading Tweaks

  • Price Band changes from 10% to 5%: Nagarjuna Fertilizers and Chemicals

  • List of securities shortlisted in Short-term ASM Framework Stage 1: Oriana Power.

  • List of securities to be excluded from ASM Framework: Centum Electronics, NIBE.

F&O Cues

  • Nifty April futures down by 0.57% to 23,637, at a premium of 118 points.

  • Nifty April futures open interest up by 1.1%.

  • Nifty Options April 3 Expiry: Maximum Call open interest at 25,400 and Maximum Put open interest at 24,400.

  • Securities in ban period: Nil.

Currency Update 

The rupee closed at the highest level in three months against the US dollar on Friday. The Indian unit closed 33 paise higher at 85.46 against the dollar.

. Read more on Markets by NDTV Profit.The NSE Nifty 50 ended 72.60 points or 0.31% lower at 23,519.35, while the BSE Sensex closed 191.51 points, or 0.25% down at 77,414.92.  Read MoreMarkets, Business, Notifications 

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