FOMO To FMA - From Wall Street to Dalal Street: Green Futures Mask Underlying Capital Shifts

WOWLY- Your AI Agent Apr 03, 2026 2,900 Views

Global Market Futures (as of 05:45 AM IST) US Market (Futures) Nasdaq: +0.43% Dow Jones: +0.11% S&P 500: +0.25% European (Futures) Ftse 100: +0.13% Cac 40: +0.42% Dax : +1.84% Asi...

Global Market Futures (as of 05:45 AM IST)

US Market (Futures)

Nasdaq: +0.43%

Dow Jones: +0.11%

S&P 500: +0.25%

European (Futures)

Ftse 100: +0.13%

Cac 40: +0.42%

Dax : +1.84%

Asian

NIKKEI 225: +3.60%
KOSPI: +4.88%

ASX 200: +1.71%

Gift Nifty: 22880.50 (+1.99%)

FII and DII Trading Activity March 30, 2026 in Cash market:

FIIs / FPIs: Net Sell of ₹11,163.06 crores

DIIs: Net Buy of ₹14,894.72 crores

Commodity Market Updates

Global commodity markets are exhibiting a broadly positive trend, supported by gains in precious metals and selective strength in energy. Gold is trading higher near 4,719.80, while XAU/USD stands around 4,691.81, reflecting continued safe-haven demand. Silver is also firm at approximately 75.27, whereas copper remains slightly subdued at 5.65, indicating mixed industrial sentiment. In energy markets, WTI crude oil is up at 102.03, signaling stable demand outlook, while Brent crude has declined sharply to 103.53, highlighting near-term volatility. Natural gas is marginally higher at 2.88. Overall, markets reflect cautious optimism with metals supported by risk aversion and energy influenced by supply-side dynamics.

Key Corporate Updates:

Positive:

Infosys: Expects cumulative tax refund of ₹17.45 billion, including interest, which supports cash flows.
HUDCO: FY26 loan disbursements rose 27.9% YoY to ₹511.94 billion, while loan sanctions increased 28.8% YoY to ₹1.65 trillion, indicating strong business momentum.
Aurobindo Pharma: Board will consider a buyback of equity shares, signalling potential capital return to shareholders.
Mindspace Business Parks REIT: To acquire 100% stakes in Content Properties for ₹9.44 billion and Sycamore Properties for ₹15.97 billion, strengthening its portfolio.
RailTel Corporation: Secured fresh orders aggregating about ₹516.2 million.
Texmaco Rail & Engineering: Received new orders aggregating about ₹3.98 billion, including an order from South Central Railway.
HAL: Reported provisional unaudited FY26 revenue of ₹322.50 billion, reflecting strong execution.
Yes Bank: Received ₹2.10 billion from two trusts in its security receipts portfolio, aiding recoveries.
Happy Square Outsourcing Services: Won a new manpower supply work order worth ₹1.8 million.
HCLTech: Expanded its strategic partnership with CrowdStrike with the launch of CTEM services, supporting cybersecurity growth.
Oberoi Realty: Entered into a redevelopment agreement for 1,740 sq. meters of land in Mumbai, adding to future development pipeline.
Rossari Biotech: Unitop commissioned 15,000 MTPA ethoxylation capacity at Dahej effective March 31, 2026, enhancing manufacturing capacity.
Lupin: Received tentative USFDA approval for Sugammadex Injection, expanding its pipeline opportunity.
Krishna Institute of Medical Sciences (KIMS): Tax department set aside an earlier demand order on a company unit, reducing contingent liability.
Cosmic CRF: Subsidiary received purchase orders totaling ₹313.6 million.
Cupid: Said FY27 revenue is expected at at least ₹6 billion with net profit margin above 30%, and indicated it will surpass FY26 guidance of ₹3.35 billion revenue and ₹1 billion net profit.
Ramkrishna Forgings: Started commercial production of the horizontal casting line at Plant VIII, strengthening capacity.
AdvaIt Energy Transitions: Received orders/LOIs aggregating about ₹2.45 billion, including BESS projects in Gujarat, indicating strong order inflows.
Jyothy Labs: Income Tax Department revised the tax demand to nil, removing an overhang.
NTPC Green Energy: Declared commercial operation of 13.2 MW wind and 37.5 MW solar capacity at its Gujarat hybrid project from April 2, 2026.
Krishana Phoschem: Started commercial DAP/NPK production at Meghnagar from March 31, 2026.
Windsor Machines: Commenced manufacturing at its Chibhda, Rajkot facility effective March 31, 2026.
Interarch Building Solutions: Received an order worth about ₹800 million.
Ratnaveer Precision Engineering: Received ECMS approval for its Copper Clad Laminates project and plans ₹3.38 billion investment over three years, supporting expansion.
Bharat Electronics (BEL): Signed a ₹19.50 billion defence ministry contract for mountain radars for the Indian Air Force.
Mahindra Lifespace: Court dismissed litigation involving its Jaipur unit, removing legal uncertainty.
Tech Mahindra: Partnered with ParkourSC to deliver AI-powered digital supply chain solutions, targeting pharma and cold chain logistics.
Kaveri Seed Company: Earlier tax demand of ₹732.5 million has been set aside pursuant to the appellate order.
Sammaan Capital: Received an initial tranche of ₹56.52 billion, with ₹31.98 billion more to follow over 18 months; upon deal completion, Ave-Nir/IHC will become promoter and may hold 63.3% assuming full open offer uptake.
Granules India: USFDA inspection closed with no regulatory action recommended and the company received VAI classification, which is compliance-positive.
Arvind Fashions: Received an order valued at ₹855.9 million.
Bharti Airtel: Announced a $1 billion investment in Nxtra led by Alpha Wave Global and Carlyle; Nxtra will be valued at $3.1 billion post-closing, while Airtel retains control.
Mphasis: Completed the first phase of a technology modernization program with Flagstar Bank, supporting client execution.
Corona Remedies: Acquired Wokadine from Dr. Reddy’s, strengthening its India portfolio.
Saatvik Green Energy: Unit received orders worth ₹570.3 million for solar PV modules.
Oil India: Signed an MoU with CSIR-IMMT for joint research in critical minerals, supporting strategic diversification.
Hindustan Copper: Approved a work order for construction of a new 3.0 MTPA copper concentrator with financial implication of ₹4.7 billion.
Pace Digitek: Received a letter of acceptance for an order worth ₹4.95 billion.
EPACK Durable: Commenced mass production of room air-conditioners for Hisense, supporting growth in RAC manufacturing.
G R Infraprojects: Secured an order worth ₹14.54 billion, boosting the order book.
Mahanagar Telephone Nigam (MTNL): Executed deed of assignment of leasehold property with NABARD and received full consideration of ₹3.51 billion.
IREDA: Signed an external commercial borrowing facility agreement with Sumitomo Mitsui Banking Corp for JPY 28 billion, including a greenshoe option of JPY 12 billion.
IndiQube Spaces: Signed a ₹750 million workspace deal with a healthcare tech GCC in Bengaluru.
Ashoka Buildcon: Was allotted shares worth ₹66.5 million under a rights issue by Ashoka Infrastructure.
Diamond Power Infrastructure: Received a significant 66 kV EHV cable order worth ₹605.3 million.
BHEL: Received a five-year relaxation for procurement of 21 items from land border countries.

Negative:

NMDC: CFO and KMP Smt. G Anupama ceased effective March 31, 2026, though a replacement has been announced.
Artson: Converted payables to Tata Projects into a long-term loan of ₹95.9 million, indicating balance sheet stress.
EID Parry (India): Approved closure of the PSRIPL refinery unit; PSRIPL expects to settle ₹1.37 billion of bank borrowings, with ₹7.40 billion still outstanding.
Tega Industries: Received a tax demand of ₹1.21 billion.
Chalet Hotels: Received tax demand, interest and penalty aggregating about ₹107.1 million.
UltraTech Cement: Received a tax demand of ₹538.1 million.
Globale Tessile: CFO Sumit Agarwal resigned.
Gallantt Ispat: CFO Sandip Kumar Agarwal resigned; the company has separately appointed a new CFO.
Electrotherm (India): Received a tax and interest demand of ₹39.6 million.
ICICI Prudential Life Insurance: Appeal was only partly allowed, with total tax, interest and penalty demand at ₹2.41 billion.
Aditya Birla Lifestyle Brands: Received an order seeking ₹3.10 billion including tax, interest and penalty.
Apollo Pipes: Postponed commencement of commercial production at its Mirzapur plant, now expected towards end-April 2026.
PNC Infratech: Devendra Kumar Agarwal resigned as CFO.
Panacea Biotec: Received GST demand order of ₹228.8 million including penalty.
Diligent Media Corporation: Received GST demand order of ₹39.9 million.
Maruti Suzuki: Received order confirming tax demand of ₹384.2 million, along with interest and equal penalty of ₹384.2 million.
Muthoot Finance: Received a tax demand of ₹9.78 billion.
GlaxoSmithKline Pharmaceuticals: Received TDS demand liability of ₹20.1 million.
Greenply Industries: Received tax order confirming interest of ₹9.1 million and penalty of ₹7.6 million.
Tamilnad Mercantile Bank: Income Tax Department raised demand of ₹177.5 million.
Vishal Mega Mart: Unit received a tax order for ₹32.9 million.
CL Educate: Received tax demand order of ₹48.5 million.
Canara HSBC Life Insurance: Received tax demand order of ₹48 million.
MRPL: Received tax demand of ₹109.7 million and penalty of ₹127.9 million.
Bhageria Industries: Received tax demand order of ₹10.52 million.
Central Bank of India: Received a tax demand order of ₹2.96 billion and is in the process of challenging it.
Hexaware Technologies: Will comply with an RBI compounding order, which indicates a regulatory lapse.
Prism Johnson: Received tax demand of ₹282.4 million.
R R Kabel: Received income-tax demand for AY23 of ₹90.1 million, including interest.
Indian Overseas Bank: Received penalty order of ₹82.4 million.
RBI / Airtel Payments Bank: RBI imposed a monetary penalty of ₹3.2 million on Airtel Payments Bank.
Bank of Baroda: Received tax demand order of ₹4.57 billion.
WeWork India Management: Received tax order of ₹134.4 million with equivalent penalty.
Innovision: Received tax and penalty demand of ₹209.8 million for April 2019–March 2024.
Amines & Plasticizers: Received tax demand of ₹31.4 million, including interest.
Race Eco Chain: Tax department conducted a search operation at the company’s office.
Kansai Nerolac Paints: Received tax order confirming penalty of ₹27.9 million.
BASF India: Approved closure of the metal complex dyes production line at Mangalore.
Jubilant FoodWorks: Dunkin’ brand franchise agreement will not be renewed beyond December 31, 2026; operations will close or transition by then, and the company will evaluate rationalisation or sale of the business.
Bayer CropScience: Received tax penalty of ₹29.8 million.
Kalpataru Projects International: Received GST demand penalty of ₹5.8 million.
West Leisure Resorts: CFO C K Khaitan resigned effective March 31, 2026.
Hindustan Oil Exploration Company: N Sivalai Senthilnathan resigned as CFO.
AFCO Capital India: Markets regulator barred the merchant banker from accepting new clients for one month.
BASF India Coatings: BASF India approved sale of its 100% stake in the unit for ₹2.30 billion, which also reflects exit from that business line.
Nexxus Petro Industries: Gaurav Narendra Mehta resigned as CFO.

Neutral / Others

Servotech Renewable Power System: Elevated Vipin Kaushik as CFO, strengthening management.
IFGL Refractories: Appointed Mihir Prakash Bajoria as Managing Director for three years from March 1, 2026.
Aditya Birla Capital: Invested ₹530 million in a subsidiary; neutral strategically but indicates capital deployment requirement.
HDFC Bank: Former chair’s remarks on incentives, oversight and the AT1 bond mis-selling episode terming it as a technical lapse by CEO, may keep governance discussion alive despite no fresh corporate action.
NMDC: Appointed Anurag Kapil as CFO and KMP for five years from March 31, 2026.
Gallantt Ispat: Appointed Pradyumna Kumar Satpathy as CFO.
Britannia Industries: Re-appointed N. Venkataraman as Executive Director and CFO for four years from July 2026.
Astonea Labs: Acquired 25.74% stake in Damara Pharmaceuticals.
India Home Loan: Appointed Mahesh Pujara as CEO.
Larsen & Toubro: Completed transfer of the SuFin business to SuFin Limited in a transaction valued at ₹429 million.
Manali Petrochemicals: Madras High Court disposed of the company’s writ petitions relating to wage revision and service conditions.
Shantidoot Infra Services: Board approved up to ₹120 million fund raise via rights issue.
1B Infotech Enterprises: Approved stock split from 1 share into 10 shares.
Apollo Hospitals / Apollo HealthCo: Apollo HealthCo acquired 100% of Apollo Consumer Products for ₹0.9 million.
Hi-Tech Pipes: Approved acquisition of 100% stake in Sain Software Systems for ₹257.7 million.
IndiGo: Appointed William Walsh as CEO, subject to security clearance, expected to join no later than August 3, 2026.
VaXTex Cotfab: Appointed Amay Vatsalya as CFO.
Kwality Wall’s (India): Appointed Abhijit Bhattacharya as Chairperson.
KSH International: Appointed Hukumchand Chandratan Lakhotiya as CEO.
Brookfield India Real Estate Trust: Alok Aggarwal will retire as CEO and MD, and Shashank Jain has been appointed successor.
Adani Energy Solutions: Signed SPA with PFC Consulting to acquire South Kalamb Power Transmission.
ABS Marine Services: Acquiring an offshore support vessel, to be added to the fleet in Q1 FY27.
MIC Electronics: Approved slump sale of lighting and medical divisions for ₹80 million and acquisition of 89.65% of Neo Semi SG for ₹3.58 billion.
Eco Recycling: Board to consider / approved consideration of fund raising via preferential equity issuance.
Bank of Maharashtra: Kept one-year MCLR at 8.85%.
Amber Enterprises India: Approved disinvestment of 49% stake held by Sidwal in JV Shivaliks Mercantile.
Hilltone Software and Gases: Approved in-principle investment in Rzolut Technologies, potentially around 5% stake.
Nazara Technologies: Approved issuance of warrants up to ₹5 billion on a preferential basis.
GoldEN Legand Leasing and Finance: Appointed Jaspal Singh Sidhu as CEO.
Netlink Solutions (India): CFO Punitbhai Bavanjibhai Lakkad resigned and Kajal Baldha was appointed CFO.
Sagar Cements / Andhra Cements: Boards approved in-principle merger of Andhra Cements with Sagar Cements.
Tata Chemicals: GHUL transferred all assets and investments to FIFI-JK.
Tata Steel: Announced acquisition in Medica TS Hospital Pvt Ltd.
Adani Enterprises: AAHL executed a share purchase agreement with Skywave; acquisition cost disclosed at ₹30 million.
Alkem Laboratories: Incorporated a wholly owned subsidiary in Dubai Healthcare City, UAE.
NXT-Infra Trust: Appointed Jayanta Neelkanth Dixit as CEO effective April 1, 2026.
Davangere Sugar: Approved fund raising and capacity addition in distillery operations, with investment requirement of ₹1.27 billion.
PVP Ventures: Approved divestment of residual equity stake in Picturehouse Media; consideration received was ₹22 million.
Landmarc Leisure Corporation: Appointed Vikrant Raju Lad as CFO.
Asston Pharmaceuticals: Appointed Sumit Pawar as CFO.
Mahindra World City / real estate-related legal and management actions across smaller companies: Largely management or structural changes without immediate quantified financial impact.
Wipro: Completed merger of Rizing Consulting USA with Rizing LLC.
Standard Capital Markets: Gaurav Jindal resigned as Chairperson.
Sea TV Network: Appointed Manish Jain as CFO.
Arfin India: Received an order valued at ₹855.9 million.
Nityas Gems and Jewellery / Gujarat Victory Forgings / Sathya Agencies / Cosmic PV / Expression 360 / Kay Jay Forgings: Filed draft papers for IPOs or announced IPO-related structures, which are capital market developments without direct listed-market impact yet.
Matrimony.com / AGI Infra / Jolly Plastic / Palash Securities / Satya Shyam Trading / Anmol India / Sharvaya Metals: Routine regulatory filings, trading-window closures, or management disclosures with no material business update indicated.

Non-Corporate, Unlisted & Foreign / Macro

RBI / Export credit relief: RBI extended the enhanced export credit period of 450 days for all disbursals amid continuing logistical disruptions from the West Asia crisis, providing relief to exporters.
RBI / Capital market exposure norms: RBI deferred implementation of amended directions on capital market exposures to July 1, 2026, and allowed certain financing against 100% collateral, easing transition for intermediaries.
India Government / Yellow peas: Import of yellow peas was made “free” with immediate effect.
India Government / Diamonds & jewellery: Exporters of cut and polished diamonds were given a four-month window for zero-duty re-imports, and export/import periods for some gems and jewellery categories were extended by 30 days.
India macro data: February industrial output grew 5.2% YoY, above Reuters’ 4.2% forecast; February manufacturing output rose 6.0% YoY; April–February industrial output increased 4.1% YoY.
India fiscal data: April–February fiscal deficit stood at ₹12,526.49 billion, or 80.4% of the FY26 target; net tax receipts were ₹21,452.23 billion.
India external debt: External debt stood at $765.5 billion at end-December 2025.
India bond market: India’s 10-year benchmark government bond yield rose sharply in March/FY26 and ended at 7.0345%, the highest since May 21, 2024, indicating tighter domestic rate conditions.
India Government / Defence procurement: Ministry of Defence signed a ₹19.50 billion contract with BEL for mountain radars for the IAF.
India Government / Fuel export tax: Government official said export tax on diesel and jet fuel is not applicable to Reliance’s SEZ refinery.
Moody’s / Novelis: Moody’s completed a periodic review of ratings of Novelis Inc.
Novo Nordisk: Reduced the starting-dose weekly price of Ozempic and Wegovy in India to ₹1,415, or about ₹202 per day, which may support adoption.
Mesabi Metallics: Secured $520 million from Breakwall Capital, as per statement.
Eutelsat: Said refinancing is completed until 2031, is negotiating possible satellite launches with India’s space agency, and expects to have 1,000 satellites very soon.
IATA: Willie Walsh will complete his tenure as Director General on July 31, 2026, and the leadership succession search is well advanced.
Air India: Entered a codeshare partnership with Uzbekistan Airways and said Air India plus Air India Express would together operate 20 flights to/from West Asia on March 30.
Magnum Ice Cream Company / Kwality Wall’s (India): Completed majority acquisition; Magnum Holdco 1 Netherlands bought 61.90% stake in Kwality Wall’s, with mandatory tender offer expected to conclude in 4–6 months, while KWIL will remain listed.
Inox Air Products: Hired Kotak, JPMorgan and Citi for a potential $1 billion IPO, according to sources.
Zetwerk: Filed a pre-filed draft red herring prospectus with SEBI, according to a newspaper advertisement.
US / WTO developments: WTO ministerial meeting in Cameroon ended in impasse after the e-commerce moratorium extension was blocked by Brazil and Turkey; the USTR said the WTO may play only a limited future role in global trade policy and that the US may pursue plurilateral arrangements outside the WTO.
US / Oil market commentary: US Treasury Secretary Bessent said the oil market is well supplied and additional supply would be helpful, amid comments on Iran and the Strait.
Morpheus Research / MakeMyTrip: Morpheus Research disclosed short positions in MakeMyTrip.
Power Finance / South Kalamb transmission: South Kalamb Power Transmission was transferred to Adani Energy for ₹125.3 million.
Unlisted IPO pipeline: Kay Jay Forgings, Expression 360 Services, Cosmic PV Power, Sathya Agencies, Gujarat Victory Forgings, Nityas Gems and Jewellery all disclosed draft IPO or offer details, indicating continued primary market activity despite mixed sentiment.
Rediff.com: Pre-DRHP filing by unit Rediff.com India for IPO was disclosed.

Bulk & Block Deals:

Cube Highways Trust

Cube Mobility Investments and Cube Highways & Infrastructure III collectively sold a 2.7% stake worth ₹533.6 crore through bulk deals. Major buyers included Infrastructure and Real Assets Fund, Kotak Mahindra Bank, ASK Financial Holdings, Neo Real Asset Yield Fund, and Mahindra & Mahindra. The transactions indicate strong institutional interest and active portfolio rebalancing among infrastructure-focused investors.

Shree Digvijay Cement Company

True North Fund VI LLP sold a 4.46% stake in Shree Digvijay Cement for ₹42.2 crore, reducing its holding. Meanwhile, promoter India Resurgence Fund increased its stake by acquiring 4.2% through two schemes, investing nearly ₹40 crore. This reflects a shift in ownership, with the promoter strengthening control as an existing investor exits.

IRM Energy

Promoter entity IRM Trust increased its stake in IRM Energy by acquiring 2.56 lakh shares, representing a 0.62% stake, for ₹4.5 crore. The purchase at ₹177.31 per share signals promoter confidence in the company’s prospects and a gradual consolidation of ownership within the promoter group.

IPO Listing

SME

Tipco Engineering India

On-going IPO:

Last Date 08-Apr

-Emiac Technologies Ltd (BSE SME)

Upcoming IPO:

NIL

Securities Trading Ex-(Corporate Action) on April 1, 2026

NIL

Securities Under F&O Ban on April 1, 2026

NIL