FOMO To FMA -Global Markets Balanced Between Optimism and Caution: US Futures Up, Metals Soft, FIIs Continue Heavy Selling

Global Market Futures (as of 06:30 AM IST)
US Market (Futures)

• Nasdaq: +0.51%
• Dow Jones: +0.42%
• S&P 500: +0.47%

European (Futures)

• Ftse 100: -0.18%
• Cac 40: -0.91%
• Dax : +0.47%

Asian (Live)

• NIKKEI 225: -0.17%
• KOSPI: +0.98%
• ASX 200: -0.04%

Gift Nifty: 23255.50 (+0.23%)

FII and DII Trading Activity March 13, 2026 in Cash market:
FIIs / FPIs: Net Sell of ₹10,716.64 crores
DIIs: Net Buy of ₹9,977.42 crores

Commodity Market Updates
International commodity markets showed mixed performance in early trading. Gold edged lower to around 5,025, reflecting mild selling pressure, while XAU/USD posted a marginal gain near 5,020, indicating slight stability in the precious metals space. Silver also declined slightly to 81.26, mirroring the cautious tone in metals. Among industrial commodities, copper fell about 0.65% to 5.72, suggesting softer demand sentiment. Energy markets traded lower, with WTI crude oil dropping to 96.10 and Brent crude easing to 102.98, as traders monitored global demand signals and supply developments. Natural gas slipped the most among energy commodities, falling nearly 0.86% to 3.10, reflecting continued volatility in energy markets. Overall, commodities traded under mild pressure with selective resilience in gold.

Key Corporate Updates:

Positive:

• Adani Power: Received a Letter of Award from MSEDCL for 1,600 MW long-term power supply, strengthening long-duration revenue visibility and capacity utilization.
• Advance Agrolife Ltd: Strengthened backward integration with production of Pretilachlor technical and intermediate, which should support margin stability and supply-chain control.
• Inventurus Knowledge Solutions Ltd: Approved further investment of up to USD 40 million in IKS Inc, indicating continued expansion and capital support for its subsidiary business.
• Jubilant Ingrevia Ltd: Announced a ₹165 million deal and signed an agreement with Remidex Pharma for acquisition of a 100% stake, supporting inorganic growth and portfolio expansion.
• India Glycols: Received partial relief as the penalty demand of ₹410 million and redemption fine of ₹1.92 billion were set aside, materially reducing the adverse regulatory overhang despite part of the tax demand being upheld.
• RR Metalmakers India Ltd: Executed an MoU to sell its Gujarat plant to Ojas Ecopower for ₹26.5 million, reflecting asset monetization.
• Accel Ltd: Saw deletion of an additional tax demand of ₹73.8 million, removing a financial liability.
• Shipping Corporation of India Ltd: Tax demand was revised down sharply to ₹600.7 million from ₹1.6 billion, easing the potential financial burden.
• Sundrop Brands Ltd: Received a tax refund order of ₹17.5 million, which is supportive for cash flows.
• Advait Energy Transitions Ltd: Its subsidiary signed multiple MoUs across green hydrogen and industrial partnerships and also inaugurated Phase 1 of a 30 MW alkaline electrolyser assembly facility, indicating execution momentum in clean-energy manufacturing and project development.
• 3i Infotech Ltd: Its unit received a purchase order from an International AI Solutions Enterprise valued at ₹22.1 million, adding to order inflow & supporting business traction.
• Ramky Infrastructure Ltd: MIDC signed a concession agreement with Miles City for a ₹30 billion pharma park, a meaningful project development for the company.
• Bajel Projects: Secured an order worth over ₹7 billion, significantly strengthening the order book.
• Bank of Baroda: Incorporated subsidiary Bob Securities & Giltedge, expanding its financial services platform.
• JK Lakshmi Cement Ltd: Declared preferred bidder for the New Umrangso limestone block spread over 200 hectares, strengthening long-term raw material security.
• Re Sustainability Ltd: Signed an MoU with Indian Oil for India’s first national used-oil recycling initiative, expanding its sustainability and circular-economy opportunity set.
• GMR Airports Ltd: Received an LOA from Delhi International Airport and was selected to upgrade and operate Cargo Terminal 1 at IGI Airport, with estimated first full-year revenue share of ₹3.40 billion, improving medium-term earnings visibility.
• Prostarm Info Systems Ltd: Received an LOA from SAIL worth ₹67.1 million, adding to executable order book.
• Deep Industries Ltd: Entered into an MoU with Advait Greenergy to bid for and execute green hydrogen project tenders in India and abroad, opening a new growth avenue.
• Jio Financial: Allianz Jio Reinsurance received IRDAI registration and certificate to commence reinsurance business, marking a key regulatory milestone for business launch.
• SEAMEC Ltd: A consortium was awarded a contract with total value of about ₹4.11 billion, supporting revenue visibility.
• Chiraharit Ltd: Received a government purchase order for an irrigation system, reflecting business inflow from the public sector.
• A B Infrabuild Ltd: Received a letter of acceptance for a road over bridge project worth ₹669.6 million, supporting order-book growth.
• Brigade: BuzzWorks leased office space in Hyderabad to MyComplianceOffice, indicating continued commercial leasing activity.
• KRN Heat Exchanger and Refrigeration Ltd: Re-appointed Santosh Kumar Yadav as Chairman and MD, providing management continuity.

Negative:

• IDBI Bank: India is reportedly set to halt the IDBI Bank sale process as both bids were found unviable, delaying privatization and value-unlocking expectations.
• Jagsonpal Pharmaceuticals: Received a tax demand order of ₹48.2 million, creating a financial and compliance overhang.
• Apcotex Industries Ltd: Received total tax demand of ₹10.2 million, which is adverse for near-term sentiment.
• Anand Rathi Share and Stock Brokers Ltd: SEBI imposed a penalty of ₹1 million following inspection findings related to cyber security violations, reflecting regulatory non-compliance.
• IndiGo: Introduced a fuel charge effective March 14, 2026 in response to a sharp surge in fuel prices, indicating cost pressure that may affect demand elasticity and passenger sentiment.
• Dr Reddy’s: Immutep’s IDMC recommended discontinuation of the TACTI-004 Phase III trial after interim futility analysis, and enrolment in the study will be halted and wound down, which is negative for the related pipeline program.
• Voltas Ltd: The Assistant Commissioner of State Tax initiated an inspection at the company’s office; while management said there is no material impact on financials or operations, the development remains a compliance-related negative.
• Odigma Consultancy Solutions Ltd: Guddi Bharatbhai Chauhan resigned as Chief Financial Officer, creating a senior-management transition event.
• Salasar Techno Engineering Ltd: LPG supply disruption impacted exports to the Gulf region along with production, material delivery and EPC operations, with the company coordinating with OMCs and authorities to secure supplies; this is operationally negative in the near term.
• RBI / Manappuram Finance: RBI imposed a monetary penalty of ₹270,000 on Manappuram Finance, reflecting supervisory action.
• JSW Dulux Ltd: Tax department revised tax demand to ₹15 million, which remains a regulatory and financial adverse

Neutral / Others

• Fonebox Retail Ltd: Proposed acquisition of a 5% equity stake in Digiwave Global Trading FZCO for AED 10,000, reflecting a small strategic investment.
• RNIT AI Solutions Ltd: Approved issue of 5.3 million shares on a preferential basis as second tranche, indicating capital infusion.
• India Glycols: The appellate authority partially allowed the company’s appeal while upholding the tax demand order, creating a mixed outcome after the separate relief on penalty and redemption fine.
• S H Kelkar and Company Ltd: Approved sale of its entire stake in CFF Keva Italy S.p.A. for consideration of up to EUR 12.5 million; this is largely a portfolio-rationalization move pending clarity on earnings impact.
• Sterling and Wilson Renewable Energy Ltd: Commissioner of State Tax Maharashtra concluded visit on March 13, 2026, with no further impact disclosed.
• Energy Infrastructure Trust: Reported limited operational impact on PIL and EIT in terms of revenue and operating cost, suggesting manageable disruption.
• Cella Space Ltd: Board authorized purchase and disposal of real estate through subsidiary formation and sale, which is a corporate restructuring step.
• LIC Housing: Will consider the borrowing budget for FY2026-27, which is a routine financing agenda item.
• Asian Granito India Ltd: Appointed Dibyendu Dey as CFO, representing a routine management appointment.

Non-Corporate, Unlisted & Foreign / Macro

1) RBI / State Borrowings: Twenty-one states will raise ₹584.2 billion via loans on March 17, indicating continued sub-sovereign borrowing activity.
2) India T-Bills: India will auction ₹340 billion of Treasury Bills on March 18, comprising ₹140 billion of 91-day, ₹120 billion of 182-day and ₹80 billion of 364-day T-bills.
3) Indian Banking System: Bank deposits rose 11.9% year-on-year and loans rose 14.5% year-on-year in the fortnight to February 28, indicating continued credit growth outpacing deposit accretion.
4) Indian Bond Market: The 10-year benchmark government bond yield closed at 6.6798% versus previous close of 6.6666%, indicating a modest hardening in yields.
5) RBI OMO / Forex / Government Position: RBI bought ₹572.10 billion of bonds under open market operations as of March 6; 6) India’s forex reserves declined to $716.81 billion from $728.49 billion week-on-week; and the federal government had no outstanding loans with RBI as on March 6.
7) SEBI / Mutual Funds: SEBI appointed Sadanand S. Date as Executive Director and issued a circular on mutual fund intraday borrowing, with rules effective April 1, 2026; the framework caps intraday borrowing to same-day receivables and permits usage for redemption, repurchase, interest or IDCW payouts subject to board-approved policy.
8) India Fuel & LPG Supply: Government officials said all port operations are stable, all fuel stations have petrol and diesel, refiners have adequate crude inventory, priority berthing has been given to LPG carriers, uninterrupted household gas supply is being ensured, local LPG production has increased versus March 5, and action is being taken against black marketing and hoarding, even as LPG supply remains an issue of concern and customers have been urged not to panic book.
9) India Shipping / Energy Logistics: Officials said Indian-flagged tanker Jag Prakash carrying gasoline for Africa moved out from east of the Strait of Hormuz, indicating progress on energy logistics.
10) Coal Production / Supply: India’s captive, commercial and other mines crossed 200 MT of coal production on March 11 during FY26, and Coal India has been asked to ensure coal supply to restaurants, hotels and the hospitality sector.
11) Russian ESPO Blend Oil: Russian ESPO blend flipped to a premium versus ICE Brent in China and India amid strong demand, indicating tighter Asian crude market dynamics.
12) Wabtec Corp: Wabtec secured multiple orders to supply more than 680 pantographs for six major commuter rail and metro projects across India, reflecting strong order momentum in the Indian rail transit market.
13) GrafTech International: Sought a probe into whether graphite electrodes from China and India are being exported to Brazil at unfair prices, and Brazil’s trade authority found sufficient evidence of dumping to warrant further investigation, which may affect trade dynamics for the sector.

Bulk & Block Deals:

Biopol Chemicals
Kingsman Wealth Management purchased 80,400 Biopol Chemicals shares (0.74%) at ₹96.99 each, while D V Investments sold 78,000 shares at ₹97. Kingsman, already holding a 5.55% stake, also acquired an additional 1.21% stake on March 12, increasing its ownership in the company.
SEPC
SEPC promoter Mark AB Welfare Trust sold 1.27 crore shares (0.65% stake) at ₹5.31 per share, totaling ₹6.76 crore. This follows a previous sale of 85 lakh shares (0.48%) by promoters in the prior session, indicating continued stake reduction by the promoter group.
Tata Motors Passenger Vehicles:
Radhakishan Shivkishan Damani sold 1.6 million shares in Tata Motors Passenger Vehicles via block deal, according to BSE data.

On-going IPO:
Last Date 16-Mar
Rajputana Stainless Ltd (Special Withdrawal Option)
Last Date 17-Mar
Innovision Ltd
Last Date 18-Mar
GSP Crop Science Ltd

Upcoming IPO:
17-Mar to 20-Mar
Novus Loyalty Ltd (BSE SME)

Securities Trading Ex-Dividend on March 16, 2026
DIC India Ltd.
Securities Trading Ex-Interest Payment on March 16, 2026
668GS2031 (Government Securities)
Securities Under F&O Ban on March 16, 2026
SAMMAANCAP, SAIL

Sources: WOWNEWS24X7, Moneycontrol, Investing.com