Asian equities traded higher after China pledged more steps to revive consumption and the US markets ended higher.

Japan’s Nikkei was up 1.3%, Australia’s S&P ASX 200 gained 0.6% while South Korea’s Kospi added 1.5%. Futures in Hong Kong were up 1.8%.

In the US, the S&P 500 gained 2.13% to close at 5,638.94, the Dow Jones rose 1.65% to 41,488.19, and the Nasdaq Composite surged 2.61% to 17,754. However, futures trading indicated a weaker opening.

The US Dollar Index stood at 103.74.

India’s benchmark equity indices ended a holiday-shortened week lower on Thursday, with the NSE Nifty 50 extending the fall for the second day and the BSE Sensex declining for the fourth straight day.

The Nifty ended 73.30 points or 0.33% lower at 22,397.20, while the BSE Sensex closed 200.85 points or 0.27% down at 73,828.91 after they opened in the green.

Foreign portfolio investors remained net sellers of Indian equities for the 16th straight session on Friday as they net offloaded stocks worth Rs 792.9 crore. Domestic institutional investors, on the other hand, stayed net buyers for the 26th straight session as they net bought equities worth Rs 1,723.8 crore.

Stocks To Watch

  • IndusInd Bank: HDFC Mutual Funds’ total stake in IndusInd Bank has exceeded 5%, prompting the NSE to place IndusInd Bank shares under short-term additional surveillance measures (Stage 1).

  • Ola Electric Mobility: Rosmerta Digital Services is seeking to initiate insolvency proceedings against an Ola Electric subsidiary, alleging a default in payment for vehicle registration services rendered. Ola Electric states that it has sought legal advice and strongly disputes the claims made by Rosmerta.

  • Alkem Laboratories: The USFDA did not issue a form 483 following the bioresearch monitoring inspection at the bioequivalence centre in Maharashtra.

  • 3M India: The company’s board approved the appointment of Nikhil Arora as the chief financial officer effective from May 5.

  • GR Infraprojects: The company has emerged as the bidder for an order worth Rs 4,263 crore from National Highways Authority of India.

  • NTC Industries: The company withdraws its proposal to buy Solitude Flame stake.

  • Dr Reddy’s Laboratories: The company has issued a nationwide recall of levetiracetam in the US because of the mislabeling of an infusion bag.

  • Tejas Networks: The company has received Rs 123 crore PLI incentive from the Department of Telecommunications.

  • Voltas: The company appointed K V Sridhar as the CFO effective April 1.

  • Brigade Enterprises: The company has launched its premium residential project in Bengaluru. The revenue potential of the project stands at Rs 380 crore.

  • Hitachi Energy India: The company has closed its qualified institutional placement on Thursday. It has approved allocation of 21.9 lakh shares at an issue price of Rs 11,507 per share.

  • Tata Motors: The company will consider raising up to Rs 2,000 crore through non-convertible debentures on private placement basis on March 19.

  • Yes Bank: The bank has received Rs 82 crore from a single trust in its security receipts portfolio.

  • Ceigall India: The company has received a letter of award for Rs 923 crore order from the National Highways Authority of India.

  • Centum Electronics: The company has closed its qualified institutional placement on Thursday. It has approved an issue price of Rs 1,160 per share at a discount of 4.89% to floor price.

  • Fusion Finance: The company will appoint Sanjay Garyali as CEO, effective March 17, and Devesh Sachdev’s designation will change from MD and CEO to MD, also effective from that date.

  • Zydus Lifescience: The company’s Ankleshwar API Unit 1 concluded a USFDA surveillance inspection with no observations, following an inspection conducted from March 10-14.

  • Angel One: Chief Data Officer Deepak Chandani resigned, effective April 30, and Rohit Chatter has been appointed as a replacement, effective immediately.

  • Welspun Specialty Solutions: The company has secured a formal Purchase Contract from BHEL for the supply of Stainless Steel Seamless Boiler Tubes, with a final contract value of ₹232 crore.

    Alert: Emerged as L1 bidder for supply of 4,050 tons of Stainless Steel Seamless Boiler Tubes On March 4

  • Galaxy Surfactants: The company declared an interim dividend Of Rs 18 per share for FY25.

  • GSPL: The company has received a letter from PNGRB regarding the capacity expansion of its High Pressure Gujarat Gas Grid, which will be achieved through the laying of the Anjar Palanpur Pipeline.    

    Alert: PNGRB stands for Petroleum & Natural Gas Regulatory Board

  • KEC International: The company received new orders worth Rs 1,267 crore across various business verticals.

  • Dalmia Bharat: The company commenced commercial production of new grinding unit of 2.4 MTPA at Lanka, Assam.

  • GMR Airports: The company’s February 2025 traffic data shows they handled more than 10.1 million passengers across all airports, representing a 12.9% year-over-year increase. Domestic traffic rose by 13.0% year-over-year, while international traffic increased by 12.7% year-over-year.’

  • Can Fin Homes: The company appointed Prashanth Joishy as interim Chief Financial Officer.

  • MTNL: The telco has defaulted on principal and interest payments to several banks, including Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab and Sind Bank, and Indian Overseas Bank.

  • Zydus Lifescience: The company received USFDA approval for Eluxadoline Tablets. It treats irritable bowel syndrome with diarrhoea. Eluxadoline tablets had annual sales of %243.7 million in the US.

  • Infosys

    Company has settled six class-action lawsuits against its US subsidiary for $17.5 million. These lawsuits relate to a cybersecurity breach in November 2023 that exposed the data of approximately 6 million individuals, as confirmed by court documents.

  • Shilpa Medicare: The company’s Raichur unit has successfully completed its second consecutive USFDA inspection without any observations.

  • Strides Pharma Science: The company through its Singapore-based step-down subsidiary, Strides Pharma Global (SPG), has announced the acquisition of Amexel for a nominal consideration of $10 million.

  • Wipro: The company is realigning its global business lines to better meet client demands, with the technology services line merging its previous cloud capabilities and enterprise futuring divisions, effective April 1st. This reorganization will result in Wipro having four global business lines: technology services, business process services, consulting, and engineering.

  • Indian Bank: The bank will consider fundraising plan in March 20 board meeting.

  • KPIT Technologies: Qualcomm Technologies joins as strategic minority shareholder, with KPIT and ZF as significant shareholders in Qorix. KPIT Technologies JV to get up to €10 million investment from Qualcomm. Agreement will advance the industry’s movement towards the Software Defined Vehicle (SDV) approach, to deliver high performance, pre-integrated and scalable solutions designed to enable OEMs and tier-1 suppliers to develop next generation vehicles faster and effectively

  • Tata Communications: N Ganapathy Subramaniam has been appointed chairman.

  • Brigade Enterprises: The realtor launched Rs 2,700 crore Brigade Eternia in Bengaluru’s Yelahanka, scheduled for completion by March 31, 2030

  • JB Chemicals & Pharmaceuticals: Panoli API facility in Gujarat cleared USFDA inspection with no observations.

  • Edelweiss Financial Services: A media report incorrectly portrayed Ecstasy Realty as an investor against Edelweiss. Edelweiss clarifies Ecstasy is a defaulting borrower, owing Rs 1,683 crore, with ongoing litigation due to project delays, despite Edelweiss’s financial support.

Bulk Deals

  • SpiceJet: Ajay Singh sold 1.15 crore shares (0.9%) at Rs 45.34 apiece.

  • Gensol Engineering: Virtue Financial Services Pvt. sold 4.4 lakh shares (1.16%) at Rs 265.72 apiece.

Shares To Exit Lock-In

  • Vishal Mega Mart 3%

  • One Mobikwik Systems 6%

  • Inventurus Knowlege Solutions 2%

  • Sai Life Sciences 4%

Trading Tweaks

  • Price band changes for 20% to 10%: Nagarjuna Fertilizers and Chemicals.

F&O Cues

  • Nifty March futures down by 0.41% to 22,444 at a premium of 47 points.

  • Nifty March futures open interest up by 0.6%.

  • Nifty Options March 20 Expiry: Maximum call open interest at 23,500 and maximum put open interest at 22,000.

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

Currency Update

The rupee ended stronger against the US dollar on Thursday as a decline in inflation and rise in industrial production boosted investors’ confidence.

The domestic currency ended 21 paise higher at 87 against the greenback, according to Bloomberg. It ended at 87.21 a dollar on Wednesday.

. Read more on Markets by NDTV Profit.The NSE Nifty 50 ended 0.33% lower at 22,397.20, while the BSE Sensex closed 0.27% down at 73,828.9 on Thursday.  Read MoreMarkets, Notifications 

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