Stocks in the Asia-Pacific region opened higher on Monday, shrugging off concerns about tariffs on Canada, Mexico and China, while European leaders pledged support for Ukraine.

Japan’s Nikkei rose 0.71%, or 276 points, to 37,423, while Australia’s S&P ASX 200 was up 0.17% at 8,186 as of 6:28 a.m. Future contracts in China and Hong Kong hinted at a negative start.

Stocks in China will face a renewed test as top officials will meet to discuss economic priorities, with hopes running high for further stimulus. The yuan has gained by 0.6% this year, while a gauge of the nation’s equities has jumped more than 12%, according to Bloomberg.

Stocks on Wall Street ended the volatile session higher, while treasuries extended February’s rally. The S&P 500 rose 1.59% and the Nasdaq 100 advanced 1.63%. The Dow Jones Industrial Average rose by 1.39% on Friday.

The dollar index — which tracks the greenback’s performance against a basket of 10 leading global currencies — was 0.3% down at 107.28. The benchmark yield fell two basis points to 4.24%.

The benchmark equity indices closed lower on Monday, dragged down by losses in media and oil & gas stocks.

The NSE Nifty 50 slipped 5.4 points, or 0.02%, to 22,119.30, while the BSE Sensex fell 112.16 points, or 0.15%, to 73,085.94. The broader markets ended mixed, with the BSE MidCap index gaining 0.32% and the SmallCap index declining 0.63%. On the NSE, six out of 12 sectoral indices advanced, while the rest declined. Nifty Media and Oil & Gas were the worst performers, while Realty and Metal saw the most gains.

Foreign portfolio investors remained net sellers for the eighth consecutive session, offloading Indian equities worth about Rs 4,788.3 crore. Meanwhile, domestic institutional investors continued their buying streak for the 18th straight session, purchasing stocks worth Rs 8,790.7 crore, according to provisional NSE data.

Stocks To Watch

  • Paytm: One 97 Communications has partnered with RBL Bank Ltd. to boost digital payment adoption among the lender’s merchant partners.

  • Sudarshan Chemical Industries: The company completed its acquisition of Germany-based Heubach Group, expanding its international footprint across 19 sites, which could boost its global presence and revenue.

  • Ceat: The firm received the certificate of incorporation for its subsidiary in Sri Lanka, CEAT OHT Lanka Pvt., signalling a regional expansion.

  • ASK Automotive: The company has entered into a technical assistance and licence agreement for cast-wheel production with Kyushu Yanagawa Seiki Co.

  • Indian Energy Exchange: IEX’s February trade volumes rose 9% from a year earlier to 9,622 million units, while renewable energy certificates surged 167% to 16.37 lakh.

  • Choice International: The company has incorporated a wholly owned subsidiary, Choice Trustees Services.

  • REC: The board will consider a revision in the Market Borrowing Programme for FY25 on March 27.

  • Thermax: Thermax Vebro Polymers India Pvt. has ceased to be a wholly owned step-down subsidiary of the company.

  • Prestige Estates: The Income Tax Department has concluded its search at the company’s registered and branch offices. Prestige Estates stated that it fully cooperated and provided the requested details.

  • Azad Engineering: The company raised Rs 700 crore through a qualified institutional placement, allotting 54.68 lakh shares at Rs 1,280 apiece, a 1.77% discount to the floor price of Rs 1,303.08.

  • Wendt (India): The firm approved the proposal to incorporate a wholly owned subsidiary in Germany, aiming to expand its business in Europe, which could offer growth opportunities in the European market.

  • Uno Minda: The firm established an R&D and engineering centre in the Czech Republic to develop advanced lighting technologies for the global automotive industry, potentially boosting innovation and market share.

  • Godrej Properties: The company has cancelled its agreement with TCM for land development in Kochi. The pact was signed on Feb. 15, 2008, and the cancellation is expected to have no material impact on its financials or operations.

  • Intellect Design Arena: Central 1 has completed the transfer of digital banking operations of over 170 credit unions and banks to Intellect Canada, including Forge, MemberDirect, and other products.

  • Inox Wind, Inox Green Energy Services: Crisil revised its outlook on the long-term bank facilities from stable to positive, suggesting improved financial health.

  • Thyrocare Technologies: The company has made an additional equity investment of Rs 21.98 lakh in Thyrocare Laboratories (Tanzania), making it a subsidiary. The JV provides diagnostic and healthcare services in Tanzania.

  • RBL Bank: The company has appointed Narendra Agrawal as president and head of branch banking and retail liabilities and T.S. Pari as chief operations officer.

  • Oriental Rail Infrastructure: The company has secured an order worth Rs 1.63 crore from Integral Coach Factory, Chennai, for the supply and installation of five chair-car seat sets for train sets.

  • Time Technoplast: The company is introducing new products in the polyethylene pipe business for the gas distribution industry, targeting a 30% growth in the segment, indicating strong future growth prospects.

  • Ramco Systems: The company has received a GST demand of Rs 1.23 crore, including interest and penalties.

  • Sunteck Realty: The company has incorporated a wholly owned subsidiary, Eximius Buildcon.

  • Glenmark Pharmaceuticals: The firm launched Acetylcysteine Injection after acquiring the ANDA from Aspen Pharma USA. This could help capture a share of the $15.2 million market.

Bulk Deals

Agarwal Tough Glass: Necta Bloom One sold 1.16 lakh shares (0.12% equity) at Rs 87.01 apiece.

Who’s Meeting Whom?

  • Indian Overseas Bank: To participate in non-deal roadshows for investor meetings from March 6.

  • International Gemmological Institute (India): To meet investors from March 4-5.

  • Latent View Analytics: To participate in a non-deal roadshow organised by Anand Rathi from March 6-7.

  • Black Box: To meet a group of investors and analysts on March 6.

  • Pokarna: To meet a group of investors and analysts on March 6.

  • Aptus Value Housing Finance India: To meet Tata Mutual Fund on March 6.

  • Can Fin Homes: To meet Motilal Oswal Financial Services on March 6.

  • Fino Payments Bank: To meet Sameer Manchanda on March 4.

  • Royal Orchid Hotels: To meet Poddar Family Office Fund on March 6.

  • Carysil: To meet investors and analysts on March 6.

  • Zinka Logistics Solutions: To meet PineBridge Investments on March 10 and an institutional investor on March 11.

  • Akzo Nobel India: To participate in a group investor meeting organized by ICICI Securities on March 7.

  • Associated Alcohols & Breweries: To meet Ventura Securities on March 5.

  • ICICI Prudential Life Insurance: To participate in Jefferies Asia Forum in Hong Kong from March 19-20.

  • Atam Valves: To meet a group of analysts and investors on March 7.

  • Senores Pharmaceuticals: To meet Centrum Broking on March 6.

  • P N Gadgil Jewellers: To meet a group of investors and analysts from March 10-12.

  • Info Edge (India): To meet Polen Capital (UK) on March 6.

  • CreditAccess Grameen: To meet Avendus Investment Managers on March 5 and Motilal Oswal Financial Services on March 7.

  • Dhruv Consultancy Services: To meet a group of analysts and investors on March 7.

  • Jupiter Life Line Hospitals: To participate in Macquarie India Healthcare Ecosystem Tour Group Meeting on March 10.

  • Pondy Oxides & Chemicals: To meet Azurean Investment Managers and Bajaj Finserv on March 6.

  • Gujarat Narmada Valley Fertilizers & Chemicals: To meet ICICI Securities and ICICI Prudential AMC on March 7.

  • Confidence Petroleum India: To meet investors in an event organized by Go India Advisors on March 6.

  • NDR Auto Components: To meet AlfAccurate Advisors and Axis Capital on March 6 and Motilal Oswal Securities on March 7.

  • Gravita India: To meet Spark Private Wealth Management (Spark PWM) India on March 7.

  • Jindal Steel & Power: To meet Trinity Street AMC on March 7.

  • Pyramid Technoplast: To meet a group of analysts and investors on March 8.

  • Globus Spirits: To meet a group of analysts and investors on March 10.

  • Action Construction Equipment: To meet Avendus Spark on March 5.

  • Bank of India: To meet a group of investors and analysts on March 7.

  • Remsons Industries: To meet a group of investors in an event organized by Go India Advisors on March 11.

  • Alivus Life Sciences: To meet Citi Research and TCG Asset Management on March 6.

  • Le Travenues Technology: To meet Bellwether Capital and Antique Stock Broking on March 6.

  • OneSource Specialty Pharma: To meet a group of investors on March 7.

  • Deep Industries: To meet a group of analysts and investors on March 7.

  • Crompton Greaves Consumer Electricals: To meet BlackRock Asset Management on March 10.

  • Heritage Foods: To meet Ashika India Select Fund on March 7.

  • Arkade Developers: To meet InCred Capital, Fort Capital, and Proficio Advisors on March 6.

  • Somany Ceramics: To meet investors in an event organized by Investec India Promoter & Founder Conference 2025 on March 4.

  • Bajaj Auto: To participate in a group investor meeting organized by Bank of America on March 7.

  • Stove Kraft: To meet MIV Investments on March 11 and Equentis Wealth Advisory on March 13.

  • Praj Industries: To meet Centrum Broking on March 7.

  • Dilip Buildcon: To meet a group of investors and analysts between March 7-8.

Insider Trades

  • Seshasayee Paper & Boards: Promoter Group High Energy Batteries India acquired 10,000 shares.

  • Jindal Drilling & Industries: Promoter Group Jindal Pipes acquired 23,708 shares.

  • Shakti Pumps (India): Promoter Group Shakti Future Trust acquired 5,000 shares.

  • Sobha: Promoter Puthan Naduvakkatt Chenthamaraksha Menon acquired 20,000 shares.

  • Godrej Properties: Promoter Group Godrej Seeds & Genetics acquired 1.3 lakh shares.

  • Insolation Energy: Promoter Group Vikas Jain HUF acquired 2,000 shares.

Trading Tweaks

  • Price band change from 10% to 5%: Ask Automotive, HOV Services, Nectar Lifesciences, Twamev Construction And Infrastructure, We Win.

  • Price band change from 20% to 10%: CL Educate.

  • Stocks moving into short-term ASM framework: Carraro India, Readymix Construction Machinery.

  • Stocks moving out of ASM framework: MPS, NIBE, Oneclick Logistics India, PTC Industries, Reliable Data Services, S&S Power Switchgears, TCPL Packaging.

F&O Cues

  • Nifty March futures down by 0.06% at a premium of 140.5 points.

  • Nifty March futures open interest up by 0.24%.

  • Nifty Options March 6 Expiry: Maximum call open interest at 22,500 and maximum put open interest at 20,800.

  • Securities in ban period: Nil.

Currency Update

The Indian rupee strengthened on Monday after data showed the economy grew at a faster pace than in the previous quarter, easing concerns amid fresh tariff threats from US President Donald Trump.

. Read more on Markets by NDTV Profit.The NSE Nifty 50 ended 0.02% lower at 22,119.30, while the BSE Sensex closed 0.15% down at 73,085.94 on Monday.  Read MoreMarkets, Notifications 

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