Stock Market Today: All You Need To Know Before Going Into Trade On March 20 Hersh Sayta NDTV Profit

The US Federal Reserve’s decision to hold interest rates and future trajectory of monetary policy and economic outlook lifted Asian stocks, following a rally on Wall Street.

Australian and South Korean shares gained. Kospi rose by 0.4% and S&P/ASX 200 by 0.8%. Futures for Hang Seng was marginally lower by 0.04%. Japanese markets are closed for a public holiday.

Meanwhile, the S&P 500 closed 1.1% higher and the Nasdaq rose 1.4%. Dow Jones Industrial Average climbed 0.9%. The Magnificent 7 — a gauge of top seven American tech companies, including Alphabet, Amazon, Apple, Meta Platforms, Tesla, Nvidia and Microsoft — surged 4%.

US futures were trading higher, with contracts for S&P 500 and Dow Jones up 0.4% and 0.3%, respectively. Nasdaq was up 0.5%.

India’s benchmark stock indices ended higher for the third consecutive day on Wednesday ahead of the US Federal Reserve’s monetary policy decision.

The NSE Nifty 50 ended 73.30 points or 0.32% higher at 22,907.60, while the BSE Sensex closed 147.79 points or 0.2% up at 75,449.05. After witnessing range-bound intraday activity at higher levels, the Nifty surged 0.47% to 22,940.70, while the Sensex gained 0.35% to 75,568.38.

Foreign portfolio investors turned net sellers of Indian equities on Wednesday after a day as they offloaded stocks worth Rs 1,096.5 crore. Domestic institutional investors stayed net buyers for the 29th straight session, as they net bought equities worth Rs 2,140.8 crore, according to provisional data from the National Stock Exchange.

Stocks To Watch

• Hyundai Motor India: The company has announced a price increase of up to 3% for its vehicles, effective April 2025, driven by rising input costs, higher commodity prices and increased operational expenses.

• Wipro: The company has introduced innovative agentic AI services aimed at enabling nations worldwide to develop and implement artificial intelligence solutions.

• Indian Overseas Bank: The company’s board of directors reviewed and approved the issuance of long-term infrastructure bonds amounting to Rs 10,000 crore.

• Avenue Supermarts: The company invested Rs. 175 crore in subsidiary Avenue E-commerce.

• NHPC: The company’s board of directors approved a borrowing plan to raise up to Rs. 6,300 crore for fiscal 2025-26.

• Dhanlaxmi Bank: The bank approved to raise funds up to Rs 150 crore via NCDs on private placement basis.

• Can Fin Homes: Apurav Agarwal resigned as the chief executive officer due to personal reasons.

• BMW Industries: The company approved a capital expenditure of Rs 803 crore for establishing a greenfield downstream steel complex in Jharkhand.

• Trent: Arm Booker India is set to acquire THPL Support Services from Trent Hypermarket for Rs 166 crore.

• Thomas Cook (India): The company signed and executed a business transfer agreement with Nature Trails Resorts Pvt Ltd., a step-down wholly owned subsidiary of the company. The agreement involves acquiring NTRPL’s hotel business for a consideration of Rs 52.3 crore on a going concern basis through a slump sale.

• Indegene: The company launched a new centre In London to expand in Europe.

• Prince Pipes and Fittings: The company commenced commercial production at Begusarai, Bihar

• Mishra Dhatu Nigam: The board of the company approved an interim dividend of Rs 0.75 per equity share.

• Adani Enterprises: The firm’s subsidiary Kutch Copper completed the incorporation of joint venture Praneetha Ecocables With Praneetha Ventures.

• Bombay Dyeing & Manufacturing Co: The company’s board noted that the imposition of fine by NSE and BSE is improper and that shareholder’s approval was obtained. NSE and BSE levied a fine for allegedly not passing special resolution by shareholders prior to appointment of Independent director.

• Valor Estate: The firm’s arm enforces security interest over Sahyadri Agro and dairy shares. The action was pursuant to decree issued by Mumbai High Court where the arm was given the right to enforce security interest over such shares.

• Centum Electronics: The company wlil make further investment of up to €2 million in Centum T&S Group SA through a UK-based arm.

• Oberoi Realty: The company strikes-off Astir Realty LLP, a wholly owned limited liability partnership.

• Torrent Power: The firm’s arm Torrent Green Energy incorporates units.

• Mazagon Dock Shipbuilders: Begins production plate cutting ceremony for first air independent propulsion system.

• Hatsun Agro Product: Launches 4,000th HAP daily outlet in Bhimavaram, Andhra Pradesh to expand its retail footprint.

• Kolte Patil Developers: Company will hold an extraordinary meeting to approve the preferential allotment of 1,26,75,685 equity shares to BREP ASIA III India Holding Co VII Pvt.

• Dishman Carbogen Amcis: Company’s wholly owned subsidiary, Carbogen Amcis SAS, France, has received certificate of good manufacturing practice compliance for its Saint-Beauzire Site, France from National Agency for the safety of medicine and health products.

• Gufic Biosciences: The company got I-T Dept order worth Rs 11.8 crore from Assessment Unit for Assessment Year 2024.

• Raymond: Nawaz Singhania tendered her resignation as non-executive director of the company with the same effect from March 19.

• AstraZeneca Pharma India: AstraZeneca Pharma got a draft order of Rs 12 crore from the Income Tax Department for Assessment Year 2023. The matter will be challenged before the dispute resolution panel by filing an appeal.

• Antony Waste Handling Cell: The high court dismissed the plea of Navi Mumbai Municipal Corp. to set aside arbitral award of Rs 19.63 crore. The company won an arbitration award against the NMMC for disputed payments related to a waste collection contract dated 2007.

• Strides Pharma Science: The firm’s Singapore-based step-down arm completes purchase of Amexel.

• Aeroflex Industries: The company dissolved its UK-based wholly-owned subsidiary.

• Multi Commodity Exchange of India: To launch gold 10 gram future contracts from April 1.

• Heubach Colorants India, Sudarshan Chemical Industries: Sudarshan Europe appointed Axis Capital as manager to an open offer, made by Sudarshan Europe B.V. with the Sudarshan Chemical & Heubach group of companies. The open offer is for the acquisition of 60.12 lakh shares of face value of Rs 10. This represents 26% of the equity capital of Heubach Colorants India.

• Tarsons Products: The firm got goods and services tax demand Of Rs 24.78 lakh including interest and penalty.

• Syngene International: The company’s arm concluded acquisition of Biologics Manufacturing Facility from the arm of Emergent BioSolutions. Acquisition made for $36.5 million.

Bulk/Block Deals

• VL E Governance & IT Solutions: Niranjan Hiranandani sold 6.3 lakh shares at Rs 31 each.

• SBFC Finance: SBFC Holdings (promoter) sold 1.36 crore shares at Rs 82 each. Promoter holding to reduce to 53.5% from 54.75%.

• Mahindra Lifespace: Goldman Sachs India Equity Portfolio sold 8.45 lakh shares at Rs 330.3 each.

• AGS Transact: Cholamandal Investment sold 9.2 lakh shares at Rs 10.75 each.

• AVG Logistics: Nikhil Vora bought 81,738 shares at Rs 228.5 each.

Insider Trades

• Pidilite Industries: Promoter group sold 1 lakh shares.

• Texmaco Infrastructure & Holdings: Promoter group bought 50,000 shares.

• Westlife Foodworld: Promoter group bought 2,000 shares.

• JB Chemicals: Director and designated person sold 30,365 shares.

• Steel Strip Wheels: Promoter group bought 1.6 lakh shares.

• Poonawalla Fincorp: Promoter group bought 7 lakh shares.

• La Opala RG: Promoter group bought 10,000 shares.

• Time Technonoplast: Promoter group bought 54,000 shares.

• Dr Lal Path Labs: Om Prakash Manchanda sold 20,000 shares.

• Senco Gold: Promoter group bought 80,400 shares.

F&O Cues

• Nifty March futures went up by 0.32% to 22,969 at a premium of 61 points. The Nifty March futures open interest down by 1.91%.

• Nifty Options March 20 expiry: Maximum call open interest at 23,300 and maximum put open interest at 22,500.

• Securities in ban period: Hindustan Copper, IndusInd Bank, SAIL.

Currency Update

The rupee extended its gaining streak against the US dollar to fifth consecutive session on Wednesday, as banks persistently sold the greenback for foreign fund inflows into corporates and debt market. The rupee ended 13 paise higher at 86.44 against US Dollar.

. Read more on Markets by NDTV Profit.The NSE Nifty 50 ended 0.32% higher at 22,907.60, while the BSE Sensex closed 0.2% up at 75,449.05 on Wednesday.  Read MoreMarkets, Notifications, Business 

​NDTV Profit