Share Market Highlights: Sensex, Nifty end lower as IT, auto stocks weigh; tariff uncertainty looms

Stock market will be closed on Monday, March 31, on account of Id-Ul-Fitr (Ramadan Eid). Trading operations will resume on Tuesday, April 1.

Motherson Global Investments B.V., a step down wholly owned subsidiary of Samvardhana Motherson International, has incorporated a wholly owned subsidiary, namely, Global Tech Machinery FZLLC within the jurisdiction of Ras Al Khaimah Economic Zone, United Arab Emirates.

Blackstone-backed ASK Asset & Wealth Management Group on Friday said it has received an in-principle approval from the markets regulator Sebi to start its mutual fund business.

This development marks a significant step in ASK’s expansion plans.

The mutual fund offering will complement ASK’s existing suite of investment solutions, which cover listed equity portfolio management, and wealth management, providing a broader range of opportunities for investors across segments. - PTI

) GAIL (India) Ltd is likely to get up to a 35 per cent rise in the integrated tariff for transporting natural gas through its pipeline network, potentially boosting the state-owned company’s pre-tax earnings by as much as Rs 3,400 crore annually, the company chairman Sandeep Kumar Gupta said.

The levelised tariff of the integrated pipeline network, which carries about 90 per cent of volume as of date, is Rs 58.61 per million British thermal units.

The revision in integrated tariff - the one the power plants, fertiliser units and city gas operators pay for receiving gas through GAIL’s 10 pipelines - is primarily driven by the need for GAIL to cover increasing operational and maintenance costs while also incentivising further investment in the pipeline infrastructure. - PTI

Tata group hospitality major Indian Hotels Company Ltd plans to add 4,500 rooms through over 30 new properties in the next fiscal as part of its ongoing expansion of having over 700 properties by 2030, its Managing Director and CEO Puneet Chhatwal said on Friday.

The company, which introduced its new ‘Claridges Collection’ on Friday, plans to have over 20 properties by 2030 under the new boutique luxury hotels brand starting with the Claridges New Delhi; Connemera, Chennai; and Blue Diamond, Pune, Chhatwal told PTI here.

Arrow Greentech’s Shilpan Patel, Chairman & Managing Director of the Company had been granted the Patent Titled: “Dual-Color Shift Security Film” for the territory of the United States of America under the provisions of the Patent Act.

Shares traded flat on the NSE at ₹524.

KPI Green Energy has received approval from the Chief Electrical Inspector (CEIG) for 41.83 MW of Hybrid power projects under our CPP business segment.

Shares traded at ₹409.20 on the NSE, down 1.91%.

Major gainers on the NSE as at 3 pm:

Tata Consumer Products (+2.79%), ONGC (+2.21%), Kotak (+2.13%), Apollo Hospitals (+1.89%), Jio Financial (+1.17%)

Major losers:

IndusInd (-3.44%), Wipro (-3.38%), Shriram Finance (-2.99%), Cipla (-2.82%), M&M (-2.31%)

Stocks advanced on BSE at 3 pm on March 28, 2025, were 1,663 against 2,277 stocks that declined, and 148 remained unchanged. Total stocks traded were 4,088. The number of stocks that recorded a 52-week high was 57, and those that hit a 52-week low was 368. A total of 192 stocks traded in the upper circuit, and 347 in the lower circuit.

RIR Power Electronics, a global semiconductor company, is on track to establish India’s First Silicon Carbide (SiC) Semiconductor production facility in Odisha, with the production of Epitaxy Wafer as part of phase 1 production expected to commence by December 2025.

Shares surged 4.16% on the BSE to ₹2,380.

Mumbai, March 28, 2025: IDBI Bank successfully hosted ‘IDBI FinTech Fusion’ on March 25–26, 2025, at IDBI Bank Head Office, Mumbai, bringing together some of the most innovative minds in the FinTech ecosystem. The exclusive event served as a dynamic platform for fintechs to showcase their capabilities.

Organized in association with Amazon Web Services (AWS) as Knowledge Partner, the event featured keynote sessions from AWS and NPCI, and live technology showcases from leading players. Over 20 fintech platforms presented cutting-edge solutions at dedicated stalls, offering an interactive and hands-on experience with next-gen financial technologies. The two-day event fostered discussions around digital transformation, policy implications, risk management, and emerging trends in the financial technology space.

Reflecting on the success of the event, Mr. Jayakumar S. Pillai, Deputy Managing Director said, “IDBI FinTech Fusion was a testament to our unwavering commitment to fostering innovation and collaboration in the financial sector. The platform enabled stakeholders to explore breakthrough technologies that are redefining digital banking and elevating customer experiences. By bringing together the brightest minds in FinTech, technology, and banking, the event proved to be an enriching forum for exchanging ideas and shaping the future strategies. In continuation of our Digital Transformation Strategy on data, cloud, and fintech partnerships, the Bank will also leverage AWS cloud for rolling out its innovation Sandbox and Data Lake”

It has been brought to the notice of the Exchange that persons named “Albee Low Thakor” & “Kyle” operating through mobile numbers “9635271267” & “9635259733” and associated with entity named “Investment Alliance” are providing securities market tips and assured/guaranteed returns on investments in stock market claiming to be based on the teachings of one Mr. Jatin Verma. The said persons are also calling investors to download and trade through their application by the name ‘Causeway’.

The investors are cautioned and advised not to subscribe to any scheme/product offered by any persons/entities offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law. Further, investors are advised not to share their trading credentials such as user ID/Password with anyone. It may also be noted that the said persons/entities are not registered either as a member or Authorised Person of any registered member of the National Stock Exchange of India Limited.

Under the aegis of SEBI, NSE and NSDL along with other Market Infrastructure Institutions, led a large-scale investor awareness initiative on March 26, 2025 in Thrissur, Kerala.

In a concerted effort to enhance financial literacy, investor awareness and fraud prevention, National Stock Exchange of India (NSE) and National Securities Depository Limited (NSDL), under the guidance of the Securities and Exchange Board of India (SEBI), hosted a Mega RISA (Regional Investor Seminar for Awareness) at the Kerala Police Academy, Thrissur, on March 26, 2025. The seminar themed “SMART NIKSHEPAM BHAVI SURAKSHITHAM” was organised in association with other Market Infrastructure Institutions.

This large-scale financial education initiative, investor education and fraud prevention drive is designed to equip police officials with critical insights into understanding personal finance to achieve financial independence, understanding cyber frauds & cyber scams in the digital era, financial securities markets, financial fraud detection and the importance of responsible investing. As first responders to financial crimes, law enforcement officers play a crucial role in safeguarding investors from fraudulent schemes and scams.

Transforming Investment Landscape: Kerala’s Progress

Kerala has demonstrated significant progress in investor participation. The number of investors in Kerala has risen from 3.45 lakh in FY 2010 to 27.52 lakh as of January 2025. From August 2024 to January 2025, 45,000 to 58,000 new investors joined the securities market every month. Female participation in Kerala’s investment landscape has improved from 25.3% in FY 2022 to 27.3% in FY 2025, exceeding the national average of 24.2% for female investors. This data underscores the growing financial literacy and investor awareness in the state.

Nokia today announced the DAC Marketplace, where customers and partners can find trusted, ready-to-deploy industrial enterprise solutions, including Nokia and third-party devices, applications, and services. Nokia also announced that solutions from seven new merchants, including Accton Technology Corporation, Aprecomm, EPS, Etra Telecom, Exloc, and Ruggear, are available in the marketplace. 

Nokia DAC Marketplace makes it easy for customers and partners to find and purchase Industry 4.0 solutions that integrate into the Nokia Edge Compute and AI platform for industries. The marketplace automatically adjusts offerings based on the delivery country, ensuring compliance with local legislation. It also provides partners with a simplified process for integrating and offering complementary products as part of Nokia deals, strengthening the industrial ecosystem. Additionally, the DAC Marketplace provides opportunities for merchants to increase visibility with Nokia’s extensive customer and partner base through a quick and easy ordering process.

“Nokia is committed to fostering an open and collaborative ecosystem that empowers industrial enterprises to harness the full potential of digital transformation,” said Stephan Litjens, Vice President Enterprise Campus Edge Solutions, at Nokia Cloud Networks and Services. “We are now giving customers an easy way to access Nokia and third-party solutions that expand industrial enterprises digitalization efforts and implementation of Industry 4.0 use case deployments.”

A recent study conducted by Brigade Group and Meraqi Advisory suggests that Bengaluru’s North-West Corridor, specifically Tumkur Road, can anticipate a commercial stock of 16 to 19 million sq. ft. by 2030 with an incremental demand of 5 to 8 million sq. ft.

Aerolloy Technologies (ATL), a wholly owned subsidiary of PTC Industries Limited, bagged order from Safran Aircraft Engines (SAE). This long-term purchase order entails the supply of seven cast aero-engine components, utilising both titanium and superalloys, for CFM’s advanced LEAP-1A and LEAP-1B engines. 

PTC stock rose 1.07% on the NSE to ₹15,100

Marine Electricals (India) Ltd receives ₹9.94-crore order from Cochin Shipyard Ltd for NGMV project; delivery over four years; Marine Electricals stock traded at ₹158 on the NSE, down 1.43%, and Cochin Shipyard traded flat at ₹1,420.80

Track share price movements of IndusInd, IREDA, BEL LIVE

Ipca Laboratories Ltd’s board has approved selling and transfer of its formulations manufacturing facility in Tarapur, Palghar to V. S. International Pvt. Ltd. on a slump sale basis for a consideration of ₹36.90 crore. In addition, the board has proposed to acquire 100 per cent share capital of Unichem Laboratories Ltd., Ireland, from Unichem Laboratories Ltd., India, for a consideration of ₹4 crore.

Ipca shares traded at ₹1,445 on the NSE, down 1.70%. Unichem Laboratories traded at ₹695.10 on the NSE, down 0.65%.

Equity benchmark indices declined to trade in the red after a flat opening due to sharp selling pressure. Sensex declined 301.76 pts or 0.39 per cent to 77,304.67 as at 12.44 pm, and Nifty 50 dropped 87.60 pts or 0.37 per cent to 23,504.35. 

NSE/BSE Top gainers, losers today: Sensex down to 77,300 level, Nifty at 23,500; ONGC, Tata Consumer, Jio Financial lead gainers

Equity indices decline with sharp selling pressure, but show resilience with renewed buying; market awaits RBI policy and Q4 results.

Mumbai Blackstone-backed ASK Asset & Wealth Management Group has received an in-principle approval from SEBI for its mutual fund venture.

Mumbai Blackstone-backed ASK Asset & Wealth Mgmt gets initial SEBI nod for MF venture

Mumbai Blackstone-backed ASK Asset & Wealth Management Group has received an in-principle approval from SEBI for its mutual fund venture.

Shares of Gautam Adani-backed Adani Energy Solutions and Adani Green Energy soared 2 per cent on Friday’s early trade.

Adani Group stocks today: Adani Energy Solutions, Adani Green Energy shares up 2%, here’s why

Adani Group stocks in focus: Adani Energy gains on acquiring Mahan Transmission, Adani Green’s arm secures new contract, Adani Enterprises, Adani Ports, Adani Power trades flat

Major gainers: ONGC (+5.02%), Tata Consumer Products (+3.64%), Jio Financial (+2.84%), Tata Motors (+1.82%), Kotak Mahindra (+1.55%)

Major losers: M&M (-2.60%), Shriram Finance (-2.03%), Wipro (-1.91%), IndsuInd (-1.83%), Power Grid (-1.78%)

Of 3,902 stocks traded on the BSE at 12 noon on March 28, 2025, 2,104 advanced against 1,637 stocks that declined, and 161 remained unchanged. While 44 stocks recorded a 52-week high, 261 hit a 52-week low. A total of 154 stocks traded in the upper circuit, and 242 in the lower circuit.

CESC shares trade at ₹154.55, up by 1.09% on the NSE, after hitting an intra-day high of ₹156.97. Its board had approved a Power Purchase Agreement between Dhariwal Infrastructure Ltd, a wholly-owned subsidiary of the company, and Noida Power Company Limited, another subsidiary of the company, for supply of power for contracted capacity of 25 Megawatt for a period of three years from April 1, 2025 to March 31, 2028.

Major gainers:

ONGC (+5.02%), Tata Consumer Products (+3.64%), Jio Financial (+2.84%), Tata Motors (+1.82%), Kotak Mahindra (+1.55%)

Major losers:

M&M (-2.60%), Shriram Finance (-2.03%), Wipro (-1.91%), IndsuInd (-1.83%), Power Grid (-1.78%)

Shares of Gautam Adani-backed Adani Energy Solutions and Adani Green Energy soared 2 per cent on Friday’s early trade.

Adani Green Energy informed the exchanges on Friday that its wholly-owned subsidiary Adani Renewable Energy Holding Twelve Limited has secured a contract from Uttar Pradesh Power Corporation Ltd. The letter of award (LoA) pertains to the supply of 400 MW solar power from grid-connected solar PV power project to be developed in Rajasthan at a tariff of ₹2.57/kWh for a period of 25 years.

Adani Group stocks today: Adani Energy Solutions, Adani Green Energy shares up 2%, here’s why

Adani Group stocks in focus: Adani Energy gains on acquiring Mahan Transmission, Adani Green’s arm secures new contract, Adani Enterprises, Adani Ports, Adani Power trades flat

Stocks advanced on BSE at 12 noon on March 28, 2025, were 2,104 against 1,637 stocks that declined, and 161 remained unchanged. Total stocks traded were 3,902. The number of stocks that recorded a 52-week high was 44, and those that hit a 52-week low was 261. A total of 154 stocks traded in the upper circuit, and 242 in the lower circuit.

CESC shares traded at ₹154.55, up by 1.09% on the NSE after hitting an intraday high of ₹156.97. Its board had approved the Power Purchase Agreement between Dhariwal Infrastructure Ltd, a wholly owned subsidiary of the Company and Noida Power Company Limited, another subsidiary of the Company, for supply of power for contracted capacity of 25 Megawatt for a period of three years from 1st April 2025 to 31 March 2028.

Crompton Greaves Consumer Electricals has launched a new product under LED CRCA Batten category - SAGITTA 

*Shares traded flat at ₹355.85 on the NSE.

Palash Securities board approved sale of 6,00,000 equity shares(1.92%) held in Morton Foods Limited, subsidiary of the Company. 

Stock traded flat on the NSE at ₹122.92.

Cloud Computing LLC, which promotes Cambridge Technology Enterprises (CTE), has acquired 7.84 lakh shares, which comprise 4 p.c. of equity, from off-market purchase in the company. Post this share purchase, its stake in the Hyderabad-based company stands at 50.91 p.c., the company informed the BSE on Friday. 

The company shares are trading at Rs 34.65, a decline of 3.88 p.c. It touched the lower circuit in the early trade at Rs 34.25. On Thursday, it touched the 52-week-low of Rs 36.05.

Nifty Bank opened today’s session marginally higher at 51,608 versus yesterday’s close of 51,576. It moved up after opening and is now at 51,675, up 0.2 per cent so far today.

Nifty Bank Prediction today – March 28, 2025: Index will attempt to rally 

Nifty Bank futures poised for potential rally, with key resistance at 52,250 and support at 51,480. Trading strategy included.

HAL shares gained 1.64% on the NSE to ₹4,229.05. It had announced revising contract value to supply 20 Light Combat Aircraft Mark 1 to the Indian Air Force from ₹5,989.4 crore to ₹6,542.2 crore due to a revision in the delivery schedule

Nifty 50, the benchmark index, opened today’s session at 23,600 compared to yesterday’s close of 23,592. It is now hovering around 23,630, up 0.15 per cent.

Nifty Prediction today – March 28, 2025: Index might witness intraday rally

Nifty 50 index opens at 23,600, up 0.15%, with ONGC leading gainers and Nifty IT as top loser.

BSE shares rallied 14 per cent on Friday after SEBI proposed rejigging the derivatives expiry schedule, which according to market experts will soften concerns over the bourse’s market share loss.

BSE Share Price: Rally 14% after SEBI’s consultation paper

BSE shares rallied 14% on Friday after SEBI proposed rejigging the derivatives expiry schedule, which according to market experts will soften concerns over the bourse’s market share loss.

Adani Renewable Energy Holding Twelve Ltd, a wholly-owned subsidiary of Adani Green Energy, has received a Letter of Award from Uttar Pradesh Power Corporation Ltd for supply of 400 MW solar power from grid connected solar PV power project in Rajasthan at a tariff of Rs. 2.57/kWh for a period of 25 years. 

Adani Green Energy rose 1.46% on the NSE to ₹973.90

Ashok Leyland, the Indian flagship of the Hinduja Group, and the largest supplier of logistics vehicles to the Indian Army, announced that its Defence business has won multiple orders valued more than ₹700 crore.

Shares traded at ₹207.25 on the NSE

The rupee appreciated 18 paise to 85.56 against the US dollar in early trade on Friday, as sustained foreign fund inflows provided support to the local unit.

Forex dealers said over the past four days, foreign investors have pumped over $2 billion into Indian equities, while month-to-date inflows into Indian bonds have exceeded $3 billion.

However, a sharp upside for the local unit was restricted as investors grappled with the potential economic impact of growing global trade concerns.

Rupee rises 18 paise to 85.56 against US dollar in early trade

Rupee strengthens against US dollar due to foreign fund inflows, while investors monitor global trade concerns.

The National Stock Exchange (NSE) has deferred its plan to change the expiry day of its contracts to Monday after the market regulator’s consultation paper on Thursday. This comes a week before NSE’s expiry day switch from Thursdays was slated to take effect.

NSE defers switching to Monday expiry after SEBI’s consultation paper; BSE shares skyrocket

The National Stock Exchange (NSE) has deferred its plan to change the expiry day of its contracts to Monday after the market regulator’s consultation paper on Thursday.

Crude oil futures traded lower on Friday morning as the market assessed the impact of US tariffs set to come into effect from April 2.

Crude oil trades lower as market assesses impact of impending US tariffs  

Crude oil futures drop as market evaluates impact of US tariffs, creating uncertainty in global demand for commodities.

The Indian government is becoming more dependent on household savings to handle its rising debt, with around $346 billion in sovereign bonds due over the next five years. By tapping into trusted instruments like G-Secs and small savings schemes, the government aims to reduce dependence on foreign capital and stabilize public finances. However, this strategy comes with its own risks.

While short-term deposits under the (GMS) Gold Monetization Scheme will continue at the banks’ discretion, the discontinuation of new enrollments emphasizes the ongoing struggle to convince households to monetize their gold. Regardless of efforts to cut down on gold imports and boost liquidity, participation in the scheme remains low.

Over-dependence on domestic savings could also restrict funds existing for private sector investments, possibly slowing long-term economic growth. With household savings on the decline and government debt on the rise, maintaining this approach may prove difficult. Striking the right balance between managing public debt and fostering private sector growth will be key to sustaining economic stability and development.

Robust core markets to drive higher EBITDA — upgrade to Buy; lift TP to INR34,000

Valuation: upgrade to Buy; raise TP by 21% to INR34,000 (19% implied upside). We had turned Neutral on Shree in Jan’25 largely on account of weakness in its core markets; however, the recent recovery in core markets and higher utilization should result in market share gain for Shree, in our view. As a result, we raise our FY26F/27F volume estimates by 5%/7% to 41MT/46MT on account of its improved utilization in the Northern and Eastern regions (>80% of volume mix). Furthermore, both regions have witnessed resilient pricing, up 4% q-q, compared to only 2% pan-India. We increase our FY26F/27F EBITDA by 9%/15% to INR49bn/INR65bn from INR45bn/INR56bn, largely reflecting the company’s improved cement realizations and utilization in core markets. Our FY26F/27F EBITDA are 1%/11% above Bloomberg consensus. We expect Shree to remain the highest unitary EBITDA player in the industry.

BEML

MOSL MF bought 2.66 lac shares @ 3048.3

Cyient DLM

MOSL MF bought 5.3 lac shares @ 436.09

JB Chem

Kotak MF bought 12.30 lac shares at @ 1625

Gold has hit a record high as Trump’s tariff plans drive safe-haven demand, while US corporate profits also reached record levels before the tariffs took effect. Tariffs are impacting US airlines as travel demand falters, although pending home sales rebounded in February, and weekly jobless claims edged lower.

China’s industrial profits fell in January and February as economic risks mount, though Vice Premier pledged more policy support and stated that the economy started 2025 on a strong note. The state oil giant CNOOC saw a surge in net profits due to record oil output, while US beef sales to China declined after Beijing let export registrations lapse.

South Korea’s exports are expected to rise for a second consecutive month due to strong chip demand, though tariff risks remain. The country’s financial watchdog blocked Hanwha Aerospace’s $2.5 billion capital-raising plan. Meanwhile, South Korea is battling its worst-ever wildfires, causing significant economic and infrastructure strain.

In Japan, core inflation in Tokyo accelerated, staying above the Bank of Japan’s target and the BOJ debated domestic price pressures and the risks posed by US tariffs in its March meeting.

India is expected to see another rate cut by the Reserve Bank of India on April 9, followed by one more in August. The country is also set to double investment limits for foreign individuals in listed companies, aiming to boost market participation.

Indonesia’s government is attempting to reassure investors after a sharp decline in stocks and the rupiah. 

In Brazil, President Lula is set to meet Vietnam’s leaders to enhance trade ties, while sugar crushing in the country declined by 18% in early March, affecting exports.

Mexico is actively seeking preferential treatment to counter the impact of US auto tariffs. 

In Canada, Prime Minister Justin Trudeau has stated that all options are being considered in response to Trump’s tariffs.

The European Union is targeting energy laws in a move to cut red tape, while Italy, France, and Slovakia are pushing for changes to the EU carbon border levy.

In the United Kingdom, Trump’s tariffs pose risks to the country’s already debt-laden economy. British Steel has warned of 2,700 job losses due to blast furnace closures, and tariff concerns have pressured UK stocks.

Serbia faces the possibility of losing access to oil imports as a sanctions deadline looms. 

Sweden has proposed state loans to support the development of new nuclear reactors, aiming to enhance energy security.

Australia has secured its gas supply to tackle potential winter shortages. Meanwhile, a key gas project between Trinidad and Venezuela is continuing despite US pressure.

Namibia has projected modest economic growth over the next two years, as the country navigates global economic challenges.

Source: Reuters

Worst-Case Scenario? S&P 500 and Nasdaq swung sharply throughout the trading day, crossing into positive territory three different times, before sliding into the close. 

The levies will apply 25% charges on all overseas cars and car parts. General Motors took the news particularly hard; its stock fell 7.3% on the day. It was the biggest loser in the S&P 500.

My math on tariffs in US 🇺🇸 people might make the most sense to consider buying a used car in 2025 

Nifty 23591.95 

Breaking above 23650 will give bulls the upper hand, and it can push the Nifty higher to its previous high of 23869 

40HEMA at 23450 will be an important support level.

Track share price movements of IndusInd, IREDA, BEL LIVE

Sterlite Technologies Ltd in consortium with Dilip Buildcon Ltd has received an Advance Work Order (AWO) from Bharat Sanchar Nigam Ltd (BSNL) for Design, Supply, Construction, Installation, Upgradation, Operation and Maintenance of middle mile network of Bharatnet in J&K and Ladakh Telecom Circles (for ₹2,631 cr) 

Sterlite Tech surged 3.04% to ₹85.13 on the NSE

ONGC has made an investment of ₹3,300 crore in equity shares of ONGC Green Ltd (OGL), a wholly-owned subsidiary of the company, by way of subscription on rights basis. ONGC shares lead gainers with 2.41% increase on the NSE at ₹248.

NTPC Green Private Ltd, a 50:50 joint venture company of NTPC Green Energy Ltd and ONGC Green Ltd has completed acquisition of 100% equity stake in Ayana Renewable Power Private Ltd on March 27, 2025.

NTPC Green Energy dipped 1.55% on the NSE to ₹101.50

Top gainers: Tata Consumer (+2.87%), ONGC (+2.09%), BEL (+1.23%), Nestle (+1.16%), Jio Financial (+1.07%)

Top losers: M&M (-3.10%), Cipla (-1.75%), Wipro (-1.73%), Infosys (-1.38%), Power Grid (-1.24%)

Crude oil futures traded flat on Friday morning as the market assessed the impact of US tariffs set to come into effect from April 2. At 9.14 am on Friday, June Brent oil futures were at $73.35, up by 0.01 per cent, and May crude oil futures on WTI (West Texas Intermediate) were at $69.96, up by 0.06 per cent. April crude oil futures were trading at ₹6006 on Multi Commodity Exchange (MCX) during the initial hour of trading on Friday against the previous close of ₹5995, up by 0.18 per cent, and May futures were trading at ₹5991 against the previous close of ₹5982, up by 0.15 per cent.

Jefferies on ONGC: Maintain Buy on Company, target price at Rs 375/Sh (Positive)

Nomura on Shree Cement: Upgrade to Buy on Company, raise target price at Rs 34000/Sh (Positive)

HSBC on Glenmark: Upgrade to Buy on Company, raise target price at Rs 1785/Sh (Positive)

CLSA on NHPC: Maintain Buy on Company, target price at Rs 117/Sh (Positive)

HSBC on ABB: Maintain Hold on Company, target price at Rs 5500/Sh (Neutral)

Jefferies on BSE: Maintain Hold on Company, target price at Rs 5250/Sh (Neutral)

GS on Wipro: Maintain Sell on Company, target price at Rs 256/Sh. (Neutral)

GS on Infosys: Maintain Buy on Company, cut target price at Rs 1790/Sh. (Neutral)

GS on TCS: Maintain Buy on Company, cut target price at Rs 4230/Sh. (Neutral)

GS on LTI Mindtree: Downgrade to Neutral on Company, cut target price at 4500/Sh. (Negative)

* Believe earnings may improve steadily over the next 12 months, driven by: i) One-offs impacting trading have resolved somewhat in Q4-TD and should have limited impact over FY26

* Volume growth for transmission/trading as gas demand grows over FY26-27E, iii) gas costs for petchem may remain flat and realisation should somewhat improve should lead the improvement

* Tariff order gets closer, with release of PCD on tariff norms and valuation remains attractive (trading at 9x FY27E EPS)

We downgrade LTIM to Neutral (from Buy) with a revised 12m target price of Rs4,500 (vs Rs6,570 earlier), given reduced near-term growth and margin visibility due to the company’s higher discretionary exposure vs peers, premium valuations vs sector and a more balanced risk-reward. We remain Buy-rated on TCS and Infosys: we see Buy-rated TCS as better positioned vs the rest of our coverage given the company’s diversified revenue base, potential tailwinds from vendor consolidation, and reasonably high margin visibility. We remain Sell-rated on both Wipro and TechM, as we see a relatively higher negative impact on these companies from growth headwinds and potential vendor consolidation. We are Neutral rated on HCL Tech.

* Bharat Forge (BHFC): Says unit Kalyani Strategic Systems Ltd to form Spain Jv with Duma Engineering

* Dixon Technologies (DIXON): Signify and Dixon Technologies propose India joint venture

* Expo Gas (EGC): Gets INR256.3m order from BPCL

* HCL Technologies (HCLT): Joins Samsung Advanced Foundry Ecosystem as a design solution partner

* Hindustan Aeronautics (HNAL): Says India figher jet contract value revised to INR65.4B

* Infosys (INFO): Powers LKQ Europe’s HR transformation

* Jindal Steel (JSP): Signed pact for Saradhapur Jalatap East coal block

* Jio Financial (JIOFIN): Invests $117M in shadow bank unit Jio Finance for 17.37m shares

* Jio Financial Services invests INR850M in Jio Payments Bank

* Mahindra EPC (MAHEPC): Wins INR131.2m order for supply of micro irrigation systems

* North Eastern Carrying Corp (NECCLT): Wins 5-years contract from Tata Steel (TATA) for transportation of Steel Products

* Piramal Enterprises (PIEL): To issue NCDs upto INR3B including green shoe option of INR2B on private placement basis.

* Raymond (RW): Raymond Group receives approval to demerge real estate business

* UCO Bank (UCO): Sets QIP issue price at INR34.27 per share

* UltraTech Cement (UTCEM): Commissions new cement and grinding units

* Zen Technologies (ZEN): Gets INR1.52b India defense order for gun simulator

Financial markets remain gripped by heightened uncertainty surrounding US trade policy, slowing US growth, and broader fears of global economic instability. Latest data suggest that the recent introduction of US tariffs has driven up manufacturing input prices and risks exacerbating supply chain frictions. This week’s flash PMI surveys from the US, Europe and Japan contained mixed evidence about the current plight of the world economy. The US economy maintained some decent momentum in March at the same time as Europe’s growth rate has picked up pace. Japan in contrast saw some marked weakening in its headline composite PMI, suggesting a big loss of momentum. As above chart suggests US factories reported the steepest rise in input costs for 31 months, causing the rate of inflation to far outpace equivalent rates reported in the other G4 economies.

Despite these challenges, US corporate profits surged to a record high in the fourth quarter, driven by strong demand and pricing power. Profits from current production, with inventory valuation and capital consumption adjustments, rose by $204.7 billion, or 5.4%, reaching an all-time high of $4 trillion. .

On the macroeconomic front, the US GDP growth rate has slowed, coming in at 2.4%—slightly above the forecasted 2.3% but significantly lower than the previous 3.1%. Meanwhile, the goods trade deficit narrowed by 4.9% to $147.9 billion in February, as exports rose by $7 billion to $178.6 billion, while imports dipped by $0.6 billion to $326.5 billion.

In Asia, Taiwan is exploring multiple options to respond to potential new US tariffs. Officials indicated that the country may increase energy imports and reduce its own tariffs to rebalance bilateral trade. 

Meanwhile, Japan’s core consumer price index (CPI) for of Tokyo rose by 2.4% YoY in March, up from 2.2% in February, in line with market expectations. The Bank of Japan (BOJ) kept interest rates unchanged in its March policy meeting, adopting a cautious stance amidst global risks. However, BOJ Governor Kazuo Ueda signaled that further rate hikes could be on the table if economic conditions evolve as projected.

On the domestic front, Chinese electric vehicle giant BYD is preparing to establish a production unit near Hyderabad, marking Telangana as the first Indian state to host a BYD facility. The Telangana government has shortlisted three potential sites near Hyderabad for the proposed plant, as reported by ETV Bharat.

In the bond market, the Indian government announced plans to borrow ₹8 trillion in the first half (H1) of FY26, accounting for around 54% of the total gross market borrowing target of ₹14.82 trillion, as per the expectations The plan also includes the issuance of ₹10,000 crore worth of sovereign green bonds (SGBs). 

Additionally, the Reserve Bank of India (RBI) is set to double the cap on investments by individual foreign investors in listed companies to 10%, aiming to boost capital inflows. This move will broaden the scope to include all foreign investors, potentially increasing the combined holding limit to 24%, as talks with the government and SEBI continue.

Further, India is likely to undertake another round of import duty cuts before April 2. The list may cover four to five products, including select electronics, chemicals, plastics, aircraft, parachutes, and cruise ships, which currently attract duties ranging from 7.5% to 10%.

Asian market

Asia markets opened lower today tracking losses on Wall Street as U.S. President Donald Trump’s tariff threats kept investors on edge.

Brent: 73.44, DXY: 104.28, USD10Y: 4.35%, GIFTNIFTY: -0.05%

The monthly expiry trade closed higher at 23,592, suggesting that the Index has likely completed its corrective phase. It has filled the bullish gap zone and formed a Piercing candlestick pattern, indicating potential upward momentum. The immediate resistance is at 23,800, and a breakout above this level could drive the Index toward the psychological mark of 24,000. On the downside, support is seen at 23,400. The BankNifty has also formed a strong bullish candle, indicating the continuation of the current uptrend. The downside appears to be protected at 51,050, with 52,060 acting as a strong resistance level. We are bullish on Hero Motocorp from the Auto sector, as it has broken out from an Inverted Head and Shoulder formation with strong volume. Additionally, the Energy sector is poised to clear its previous swing high, supported by a bullish engulfing candlestick pattern. In the IT segment, Persistence shows strength, forming a bullish flag and pole pattern, although we are waiting for the breakout. The Pharma sector appears to be in the final phase of an Inverted Head and Shoulder formation, suggesting a strong rally post-breakout. From the Broader Markets, Sharda Cropchem looks strong after a Symmetrical Triangle breakout, while stocks like Ramco Cements and Tejas Network are on the verge of an Inverted Head and Shoulder pattern breakout.

SEBI has proposed that exchanges should stay with F&O expiry on Tuesday & Thursday. This may mean that NSE reverts to expiry on Thursday (from Monday) & BSE stays with Tuesday expiry. This may abate concerns around BSE’s potential loss of mkt share and impact on EPS (we estimated ~12%). Clarity on OI limits is awaited but impact of that is lower for BSE. Stock has retraced majority of its fall, but lower reg. risks & better mkts can aid re-rating. HOLD stays.

# GIFT Nifty 🇮🇳: (-11, 23750)

# The biggest positive catalysts as of recording are the newly optimistic FIIs camp as they net bought worth Rs. 11,111 crores in yesterday’s trade.

# Interestingly, the DIIs too net bought shares to the tune of Rupees 2518 crores.

# The positive takeaway from yesterday’s trade was that Nifty bulls could absorb ‘Trump Tariff Blow’ and most importantly, edged upward.

# So, pessimism surrounding losses in auto stocks were outweighed by support from HDFC Bank (+1.04%), Bajaj Finance (+1.55%) Bajaj Finserv (+3.21%), and Larsen & Toubro (+1.65%).

# Meanwhile, the trading theme this Friday revolves only around Trump’s new auto tariffs.

# Strictly speaking, the tariff fear is real.

…the street fears, the outcome on April 2nd could be worrisome.

Trump’s proposed auto tariffs are really bad as signals major trade war escalation.

# Please note, amidst Trump tariff woes, gold prices have spiked towards $3,051 per ounce, flirting with their historic highs, driven by its safe-haven appeal as the announcement of US auto tariffs heightened concerns over next week’s reciprocal measures.

# So, for the day, we will spy with one big eye if Nifty bulls can absorb ‘Trump Tariff Blow’.

# The sentiments are dented as the street is unable to make up their mind about how disruptive US President Donald Trump’s tariff will be.

# Technically, Nifty’s biggest make-or-break support is now placed at 23401 mark.

Confirmation of strength only above Nifty 23857 mark.

# Traders also are likely to reposition ahead of US PCE inflation data to be wired this Friday (March 28th). 

# Amongst stock specific action;

1) Larsen & Toubro is in focus on bagging orders worth around Rs 15,000 crore from QatarEnergy LNG.

2) BSE’s stock price jumped nearly 5% as gains came after the company announcing that its board will meet on March 30 to consider a bonus share issue.

3) Bajaj Housing Finance (+8%) jumped out of the gate The stock surged during the bi-annual rebalancing exercise of NSE indices. (Bajaj Housing Finance, which will start trading on the Nifty Next 50 or the Nifty Junior index from Friday, March 28, would have likely received net inflows worth up to $17 million).

4) Dilip Buildcon (+5%) shares jumped after its JV won a ₹2,631 crore order from BSNL for the BharatNet project. 

5) DCM Shriram board approves setting up of 12 TDP integrated compressed biogas plant at company’s Ajbapur unit. Company to invest up to ₹131.30 crore in setting up of the plant.

6) BEL secures new orders worth ₹1,385 crore, FY25 order book reaches ₹18,415 crore

# Now, before we get into detail of today’s trading session, here is the preferred trade on Nifty and Bank Nifty:

Nifty (23592): Sell between 23700-23750 zone. Stop at 24259. Targets 23401/23151. Aggressive targets at 22000-22700 zone.

Bank Nifty (51576): Sell at CMP. Stop at 52589. Targets 51051/50407. Aggressive targets at 49383-49500 zone.

# Our chart of the day is bullish on INDIGO and BAJAJ FINSERV on any early steep weakness with an interweek perspective.

# The 1 Stock to Buy Right Now: Buy INDIGO (CMP 5128): Buy between 5040-5060 zone. Stop at 4808. Targets 5201/5351. Aggressive targets at 5501. (Interweek Strategy). Rationale: Signaling a massive breakout on the upside on the daily charts with sequence of higher high/low intact on all-time frames. Momentum oscillators continue to be super bullish-mode as long as stock is trading above 4645.

Mehta Equities Market kya lagta hain@ 7.30am – Friday, March 28th 2025

US President Donald Trump has imposed a 25% tariff on imported cars and auto parts, a move aimed at boosting domestic automotive manufacturing by incentivizing automakers to invest in the United States. The tariff, effective from April 3, is expected to generate approximately $100 billion annually for the US economy, marking a significant shift in US trade policy.

The policy affects not only fully assembled vehicles but also key automotive components such as engines, transmissions, powertrain systems, and electrical assemblies. This decision is likely to disrupt global supply chains, with significant repercussions for India’s auto parts industry, which supplies major US and global automakers.

Indian automotive component manufacturers, many of whom are integral to the global supply chain, now face potential cost escalations and trade uncertainties. The increased tariffs could reduce exports to the US, forcing Indian companies to explore alternative markets or establish local manufacturing units within the United States to bypass the tariffs.

This policy shift aligns with Trump’s broader “America First” economic agenda, prioritizing domestic production over foreign imports. However, it also raises concerns about rising vehicle prices in the US, potential trade tensions with major auto-exporting nations, and the long-term impact on global automotive investments.

The SME IPO of Aten Papers and Foam Ltd, which was scheduled to open from today March 28, 2025 (Friday), has been postponed due to the current adverse market conditions that have impacted the financial environment, a statement from the merchant banker said

RIL on India Long Only Portfolio will be increased by 2% by shaving investments in HDFC BK and SBI by 1% each

Investment in Make My Trip to be introduced with 4% weight by removing investment in Axis BK

Investment in Zomato to be increased by 1%

Investment in Godrej Properties in Asia Ex Japan long only portfolio will be removed

Investment in Macrotech Developers will be increased by 1% to 4% Investment

DLF to be introduced with 3% weight

30/03/2025: UK and Europe Daylight Saving Shift (Market Opening Time 12.30 pm IST)

31/03/2025: India Market Holiday 

01/04/2025: India Bank Holiday and Settlement Holiday

Government’s Borrowing Plan for H1 FY 2025-26

Gross Market Borrowing for FY 2025-26: ₹14.82 lakh crore.

H1 Borrowing Target: ₹8.00 lakh crore (54% of the total), including ₹10,000 crore of Sovereign Green Bonds (SGrBs).

Weekly Auctions: 26 auctions covering 3, 5, 7, 10, 15, 30, 40, and 50-year securities.

Maturity-wise Allocation:

10-year bonds have the largest share (26.2%), followed by 15-year (14%) and 40-year (14%).

Additional Borrowing Flexibility: Greenshoe option for an extra ₹2,000 crore per security.

Ways and Means Advances (WMA) Limit: ₹1.50 lakh crore set by RBI for H1 2025-26. 

Key Features:

Inclusion of Sovereign Green Bonds (₹10,000 crore).

5% of notified amounts reserved for retail investors under non-competitive bidding.

Flexibility for modifications in auction structure and security types (e.g., Floating Rate Bonds, Inflation-Indexed Bonds).

Monthly switch auctions on the third Monday (or fourth if the third is a holiday). 

Treasury Bills (T-Bills) Auction Calendar for Q1 FY 2025-26

Total Q1 Borrowing: ₹2.47 lakh crore through weekly T-Bill issuances.

Weekly Issuance Split:

91-day: ₹9,000 crore

182-day: ₹5,000 crore

364-day: ₹5,000 crore

Government & RBI Flexibility: Auction amounts and schedule may be modified based on market conditions. 

Geopolitical tensions, trade policy uncertainties, volatility in international commodity prices and financial market uncertainties pose considerable risks to India’s economic growth in the next fiscal, however the outlook for inflation remains benign, Ministry of Finance said on March 26.

In its Monthly Economic Review for February 2025, the ministry highlighted, “domestic private sector capital formation, focused on India’s solid fundamentals and economic prospects, will be an important driver of economic growth in FY26.”

The review pointed out that supportive fiscal measures, accommodative monetary policy, and the Union Budget’s focus on longer-term development reforms will strengthen India’s domestic economic resilience amidst significant global uncertainties. India’s economy is expected to grow between 6.3 and 6.8 percent in FY26.

On the inflation front, the finance ministry expects food prices to remain benign given estimates of agricultural production. Retail inflation eased to 3.6 percent in February 2025 as food prices eased.

The monthly economic review noted that India’s economic performance in the latter half of FY25 was supported by strong agricultural and service sector growth, alongside steady private consumption. The report highlighted that “real GDP and real GVA are estimated to have grown by 6.2 per cent in Q3 FY25. This reflected a rebound in economic activity from Q2 FY25, in which GDP growth was 5.6 per cent.” Growth in the agricultural sector was particularly strong at 4.6 percent in FY25, driven by robust kharif output and positive rabi prospects.

India’s fiscal management also remains on track, with the Union Budget 2025-26 laying out a prudent fiscal consolidation path. “The Union Budget 2025-26 announced a cautiously ambitious debt consolidation path that projects union government debt to decline by at least 5.1 percentage points over a six-year period from 2024-25 to 2030-31.” The government maintained a balance between fiscal consolidation, welfare, and growth, ensuring that “there is a close convergence of actual deficits, critical ratios, and essential expenditures with their budget estimates, indicating a sustained commitment to fiscal targets.”

Meanwhile, trade performance showed mixed trends. While India’s total exports increased by 6.2 percent year-on-year during April-February FY25, merchandise exports recorded only marginal growth of 0.1 percent, weighed down by weaker petroleum product exports. However, services exports remained resilient, contributing to an overall trade surplus. “India’s exports have recorded softer growth thus far in FY25. However, a robust services trade surplus continues to offset the impact of lower growth in merchandise exports.”

Foreign investments saw a decline in net FDI due to increased repatriation and outbound investments. Nonetheless, the finance ministry remains optimistic about India’s capital market resilience, supported by steady fiscal management and policy reforms. “Despite the sell-off by FPIs and heightened global market turbulence, the Rupee continues to be amongst the least volatile currencies as compared to its peers.” India’s inclusion in the Bloomberg Emerging Market Local Currency Index is expected to further bolster foreign investment in debt markets.

Labour market indicators reflected stability, with the urban unemployment rate declining to 6.4 percent in Q3 FY25, accompanied by improvements in labour force participation and workforce expansion. Payroll data from EPFO indicated a net addition of 17.89 lakh members in January 2025, reflecting a continued increase in formal sector employment. The report stated that “various indices and surveys reveal positive sentiments towards hiring.”

Despite global uncertainties, the finance ministry reiterated that “strong macroeconomic fundamentals, sustained investment, and policy support would help India navigate external risks while maintaining a steady growth trajectory in the upcoming fiscal year.”

HCL Tech: Company partners with Samsung to enhance Semiconductor innovation. (Positive)

Infosys: Company drives LKQ Europe’s HR overhaul with unified cloud platform (Positive)

Uflex: Flex America, a step-down subsidiary, began commercial operations of its new Cast Polypropylene Films production line in Mexico on March 26, 2025, with an installed capacity of 18,000 MTPA (Positive)

Zensar Tech: Company to collaborate with Tesco Insurance & Money. (Positive)

Dr Agarwal’s Health: Company has started a new branch in Eluru, Andhra Pradesh, and effective March 27, 2025. (Positive)

North Eastern: Company secured a 5-year contract from Tata Steel Limited to transport steel products using electric heavy vehicles (EVs) from Sahibabad to various destinations. (Positive)

Expo Gas Containers: Company received a work order on March 27th, 2025, from BPCL (Mahul), Mumbai, for Rs 25.62 crore. (Positive)

City Union Bank: Bank opened 7 new branches on March 27, 2025, bringing the total to 875 branches. (Positive)

Jindal Steel: Company Declared Successful Bidder For Saradhapur Jalatap East Coal Block, Company Has Been Declared The Highest Bidder With A Revenue Sharing Of 10%. (Positive)

M&M & Force Motors: Ministry of Defence signs Rs 2,500 crore contracts for NAMIS Tracked version of anti-tank weapon platform and 5,000 Light Vehicles (Positive)

Max Estates: Board of Directors have approved the Binding MOUs with New York Life Insurance Company for proposed investment by the Company (Positive)

Zen Technologies: Company bags ₹152 crore order from ministry of defence for integrated air defence combat simulator (Positive)

AB Fashion: NCLT approves scheme of arrangement among company & Aditya Birla Lifestyle Brands (Positive)

Raymond Ltd: NCLT has approved the Scheme of Arrangement between Raymond Limited (Demerged Company) and Raymond Realty Limited (Resulting Company). (Positive)

DCM Shriram: Commissioned a 12TPD Compressed Biogas plant at Ajbapur Unit (Positive) 

Bharat Electronics: Company gets additional orders worth ₹1,385 crore since March (Positive) 

Kinetic Engineering: Company announced the allotment of 93,56,725 Convertible Warrants at ₹171 each via a preferential issue. (Positive)

Adani Green: Company has operationalized an aggregate 396.7 MW power projects at Khavda, Gujarat. (Positive)

BSE: NSE has deferred its plan to change the expiry day until further notice post SEBI consultation paper. (Positive)

GIPCL: Company announced the allotment of 39,64,756 equity shares at ₹227.00 each to Gujarat Alkalies and GSFC (Positive)

UltraTech Cement: Company commissions brownfield clinker capacity of 3.35 MTPA in Madhya Pradesh plant. (Positive)

IREDA: Company Secures JPY 26 Billion ECB Facility from SBI Tokyo (Positive)

Bharat Forge: Kalyani Strategic Systems has entered into a joint venture agreement with Duma Engineering Group S.L. for solutions relating to defence products to address Indian, European and certain other export markets. (Positive)

DLF: Company has outlined an aggressive financial strategy, targeting a zero-debt position in its development business (Positive) 

BEML: Company has received a contract by Bengaluru Metro Rail Corporation with a value of approximately ₹405 Crores. (Positive)

Asian Paints: Arm to set manufacturing facility for Vinyl Acetate Ethylene Emulsion (VAE) & Vinyl Acetate Monomer (VAM) and Ethylene storage & handling facility in Dahej, Gujarat. (Neutral)

Gravita India: ICRA revises credit ratings. Fund-based/non-fund based working capital limits of ₹100 Cr. rated [ICRA]AA- (Stable). (Neutral)

HDFC Bank: Issues 20 lakh credit cards in partnership with Tata Neu. (Neutral)

SAL Automotive: Company announced a record date of April 3, 2025, for a bonus issue. (Neutral)

Alldigi Tech: Company announced the resignation of Mr. Neeraj Manchanda from the post of Company Secretary and Compliance Officer (Neutral)

RCF: Company announced that the Assistant Commissioner, GST, and Raipur set aside a demand of Rs 9.82 Cr including interest and penalty vide order date. Mar 27, 2025. (Neutral)

Mangalam Cement: CARE Ratings has reaffirmed credit ratings for Long-Term Bank Facilities: Rs 567.35 crore (enhanced from Rs 530.31 crore) - CARE A+; Stable - Reaffirmed. (Neutral)

Hindustan Aeronautics: Company announced an amendment to the LCA Mk1 FOC contract signed on Dec 23, 2010. The contract value has been revised from Rs 5,989.39 Cr to Rs 6,542.20 Cr. (Neutral)

Asia Capital: Company announced the resignation of Mr. Prateek Sharma from the position of Company Secretary and Compliance Officer. His resignation is effective from March 31, 2025. (Neutral)

Apcotex Industries: Company approved entering a Power Purchase Agreement (PPA) and a Share Subscription Cum Shareholders Agreement (SSSHA). (Neutral)

Power Finance: Company announced the transfer of its wholly-owned subsidiary, Kurnool III PS RE Transmission Limited, to Power Grid Corporation of India Limited on March 27, 2025. (Neutral)

Jio Financial: Company Invests Rs 10 billion In Unit Jio Finance Ltd, Company Unit JFL Will Utilise The Amount To Fund Its Business Operations. (Neutral)

Stovec Industries: Company announced the resignation of Mr. Paras Mehta from the position of Chief Financial Officer & Key Managerial Person on March 27, 2025. (Neutral)

Repco Home: Company announced the appointment of Mrs. D. Sireesha Rani as Chief Compliance Officer, effective March 29, 2025 (Neutral)

SBI Life: Company received an order u/s 270A from the Income Tax Dept. on Mar 27, 2025. The order relates to FY18-19, with a penalty of ₹59.31 Cr. (Neutral)

Samvardhana Motherson: Company seeks to ease investor fears, says Trump tariffs unlikely to dent growth (Neutral)

CESC: Company announced that the Uttar Pradesh Electricity Regulatory Commission approved the Power Purchase Agreement between its subsidiary Dhariwal Infrastructure and Noida Power Company Ltd. (Neutral)

Quess Corp: Company received an order from the Deputy Commissioner of Income Tax, Bengaluru, disallowing a deduction. This resulted in a demand of ₹19.94 Cr. (Neutral)

NACL Industries: Coromandel Open Offer to acquire up to 52,462,320 equity shares from public shareholders at ₹76.70 per share to comments at May 13, 2025 to May 26, 2025. (Neutral)

Hilton Metal: Company announced the approval to issue equity shares via Qualified Institutional Placement (QIP) (Neutral)

Yogi Limited: Company allotted 1,09,60,000 equity shares at Rs. 32 each upon conversion of convertible warrants. (Neutral)

DOMS Industries: Company announced the acquisition of an additional 13.0% stake in Pioneer Stationery Private Limited. (Neutral)

CG Power: ED order extends freeze on bank account, company claims no financial impact (Neutral)

Jindal Saw: Company announced an increase in its shareholding in its subsidiary, Jindal ITF Limited. (Neutral)

Autoline Industries: Company announced plans to raise ₹60 Cr to fund expansion, including capital expenditure and working capital (Neutral)

Piramal Enterprises: Company announced the approval for issuing Secured, Rated, Listed, Redeemable, Non-Convertible Debentures. (Neutral)

UCO Bank: Closes QIP, issue price at ₹34.27/sh. (Neutral)

Punjab & Sind Bank: Closes QIP, sets issue price at ₹38.37/sh. (Neutral)

Matrimony: Ex-Dividend date today, Rs 5/Share (Neutral)

TVS Holdings Limited: Ex-Dividend date today, Rs 93/Share (Neutral)

Motherson Wiring: Ex-Dividend date today, Rs 0.50/Share (Neutral)

Samvardhan Motherson: Ex-Dividend date today, Rs 0.50/Share (Neutral)

KBC Global: Ex-Bonus date today, Ratio 1:1 (Neutral)

DCM Shriram: Board Meeting today to consider interim dividend (Neutral)

Ashiana Housing: Board Meeting today to consider interim dividend (Neutral)

Gravita India: Company received Rs 41.49 Cr demand notice from the Income Tax Dept. for AY2022-23. (Negative)

Industrial Commercial Bank of China (TENT) (Sector- Financial)

China Construction Bank Corp (TENT) (Sector- Financial)

Tsingtao Brewery Co (TENT) (Sector- FMCG)

27 March 2025 (Rs. In Crs.)

Turnover: (NSE + BSE)

Cash Volume: 149836.57 + 6608.9 Total: 156445.47

F&O Volume: 54600605.07 + 1520646.88 Total: 56121251.95

Provisional Cash

FII/FPI: NET BUY: +11,111.25

(31,783.75 - 20,672.50) 

DII: NET BUY: + 2,517.70

(39,853.05 - 37,335.35)

12.30 U.K. Retail Sales m/m (Expected: -0.3% versus Previous: 1.7%)

18.00 U.S. Core PCE Price Index m/m (Expected: 0.3% versus Previous: 0.3%)

19.30 U.S. Revised UoM Consumer Sentiment (Expected: 57.9 versus Previous: 57.9)

19.30 U.S. Revised UoM Inflation Expectations (Previous: 4.9%)

Economic Calendar – 31.03.2025

U.K. and Europe Daylight Saving Time Shift

*07.15 China Manufacturing PMI (Expected: 50.5 versus Previous: 50.2)

The stock of Mankind Pharma has been in a downtrend since the beginning of 2025. But by mid-March, it found support at ₹2,130. The stock rebounded sharply, and on Thursday, it closed at ₹2,465. The price action shows that the bulls retain momentum and can push the price further upside.

Stock to Buy Today: 28 March 2025 - Mankind Pharma (₹2,463.10)

Stocks to buy today, 28 March 2025: Buy Mankind Pharma. Although a slight dip to ₹2,375 is expected, a continued uptrend to ₹2,800 is anticipated.