Global Market Futures (as of 06:15 AM IST)
US Market (Futures)
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Nasdaq: -0.33%
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Dow Jones: -0.26%
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S&P 500: -0.24%
European (Futures)
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Ftse 100: -0.19%
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Cac 40: -0.72%
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Dax: -0.07%
Asian (Live)
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NIKKEI 225: +1.13%
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KOSPI: +2.35%
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ASX 200: +0.40%
Gift Nifty (Last Close): 23215.00 (+3.34%)
FII and DII Trading Activity March 23, 2026 in Cash market:
FIIs / FPIs: Net Sell of ₹10,414.23 crores
DIIs: Net Buy of ₹12,033.97 crores
Commodity Market Updates
International commodity markets displayed a mixed trend with clear divergence across segments. Precious metals weakened, as gold slipped to around 4,342.52 and silver declined to 68.223, reflecting subdued safe‑haven demand and possible dollar strength. Copper also edged lower to 5.4550, indicating cautious industrial sentiment. In contrast, energy markets rallied strongly. WTI crude surged to 90.62, gaining nearly 3%, while Brent crude climbed to 97.88, supported by supply concerns and firm demand outlook. Natural gas posted modest gains to 2.913. Overall, falling metals alongside rising energy prices suggest a market balancing weaker macro signals with tightening oil supply dynamics.
Key Corporate Updates
Positive
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IRFC: Signs a ₹128.42 billion term loan agreement with HURL for refinancing purposes, strengthening its lending portfolio and reinforcing its role in infrastructure financing.
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Coal India: Incorporates an intermediate holding company in Singapore, indicating a strategic move towards global structuring and potential overseas investments.
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Biogen Pharmachem Industries: Approves bonus issue in the ratio of 1:6, signaling confidence in future earnings and enhancing shareholder value.
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Inspira Enterprise: Joins the Microsoft Intelligent Security Association, enhancing credibility and strengthening its positioning in global cybersecurity solutions.
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Shiva Cement: Re‑appoints Manoj Kumar Rustagi as Whole‑time Director & CEO, ensuring continuity in leadership and strategic execution.
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Coral Laboratories: Commences commercial operations at its expanded facility and increases ointment production capacity to 360,000 kgs, enhancing manufacturing scale.
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GOCL Corporation: Approves early monetization of land assets with a total consideration of ₹22.61 billion, unlocking value and improving liquidity.
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Birla Corporation: Commisions third production line at Kundanganj unit, increasing cement production capacity and supporting volume growth.
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SEPC: Approves ₹15.30 billion acquisition of Ave‑Nir International Engineers via share swap, expanding engineering and consultancy capabilities.
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Astral: Receives patent approval for “Multiport Water Outlet,” strengthening product innovation and intellectual property portfolio.
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Trom Industries: Secures purchase order for a 125 KW solar plant along with an additional ₹3.4 million order, improving order book visibility.
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DCX Systems: Receives purchase orders worth ₹140 million, supporting near‑term revenue pipeline.
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G R Infraprojects: Receives Letter of Award worth ₹24.41 billion, significantly boosting its order book and execution visibility.
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NBCC: Secures work order valued at ₹586.1 million, contributing to steady order inflows.
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Wipro: Expands strategic presence in South Korea by launching an innovation lab in Seoul, enhancing global delivery and client engagement capabilities.
Negative
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Suzlon Energy: Faces penalty of ₹2.5 million imposed by the Enforcement Directorate, indicating regulatory compliance concerns.
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Golden Legend Leasing & Finance: CEO Jayanta Roy resigns, leading to potential leadership uncertainty.
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Jost’s Engineering: CFO Pranesh Bhandari resigns, impacting senior m
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Suzlon Energy: Golden Legend Leasing & Finance: Jost’s Engineering: : CFO anagement continuity.
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Oasis Securities: CFO Dev Dutt Agarwal resigns, indicating management‑level changes.
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Kaarya Facilities & Services: CFO Jitendra Adhyaru resigns effective March 23, 2026, creating a temporary leadership gap.
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Crompton Greaves: Receives tax demand of ₹45 million, which may impact near‑term financials.
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Gujarat State Petronet: Faces income tax demand of ₹777.6 million (stated as erroneous), creating a legal and financial overhang.
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Shree Renuka Sugars: Receives tax penalty of ₹32.1 million, impacting profitability.
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Coal India: Approves closure of WSJ Coal Ltd and highlights coal block cancellations due to Supreme Court orders, leading to asset rationalization.
Neutral / Others
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IndiGo: Appoints Aloke Singh as Chief Strategy Officer, aimed at strengthening long‑term growth strategy and operational planning.
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Auto Pins (India): Appoints Pradeep Singh Chauhan as CFO, strengthening financial oversight and governance.
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Dredging Corporation of India: Appoints S. Divakar as MD & CEO, providing stability to leadership and operational direction.
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Shree Hari Chemicals Export: Invests ₹49.5 million in Shakambhari Dyechem rights issue, indicating strategic investment alignment.
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Patel Integrated Logistics: Appoints Mahesh Fogla as Whole‑time Director & CFO, strengthening senior management structure.
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Syrma SGS Technology: Appoints Jayesh Nagindas Doshi as Whole‑time Director for five years, reflecting leadership restructuring.
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Coal India: Approves disinvestment of SECL via OFS along with potential fresh equity issuance up to 10%, indicating capital restructuring plans.
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Shantidoot Infra Services: Board to consider fundraising, indicating potential capital raising to support business expansion or operational needs.
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Halder Venture: Board to consider fundraising, signaling possible capital infusion for growth or strategic initiatives.
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Ancon Technology Solutions: Approved fundraising via equity/share issuance, aimed at strengthening financial position and supporting future growth plans.
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GTV Engineering: Approved equity‑based fundraising, likely to fund expansion and improve business capabilities.
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Balkrishna Industries: Approved issuance of NCDs, indicating a move to raise funds through debt without equity dilution.
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Shalibhadra Finance: Approved NCD issuance, reflecting debt‑based fundraising to support lending and business growth.
Non‑Corporate, Unlisted & Foreign / Macro
1) Government of India (RoDTEP Scheme): Restores export incentive rates and value caps effective March 23, reversing earlier 50% restriction to support exporters amid elevated freight costs and West Asia disruptions.
2) RBI (Liquidity Management): Announces ₹1 trillion 3‑day VRR auction under LAF on March 24, aimed at managing short‑term liquidity conditions.
3) RBI (Economic Outlook): Highlights improving economic momentum with strong high‑frequency indicators, comfortable liquidity, and adequate forex reserves covering 11.2 months of imports.
4) RBI (Risk Assessment): Flags risks from Middle East geopolitical tensions and global volatility, emphasizing need for proactive monitoring.
5) RBI (Policy Suggestion): Recommends creation of an Economic Stabilisation Fund to enhance fiscal resilience against external shocks.
6) SEBI (Regulatory Reforms):
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Eases eligibility norms for brokers and intermediaries.
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Approves new conflict‑of‑interest framework for senior officials.
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Introduces net settlement mechanism for foreign investors and cross‑stock netting (effective December 2026).
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Proposes use of gift cards/prepaid instruments for mutual fund investments to expand retail participation.
7) Bond Market: India’s 10‑year benchmark yield witnesses sharp volatility, rising to about 6.84% before moderating, reflecting global developments.
8) Energy & Trade: LPG shipments resume via Strait of Hormuz while the government continues monitoring crude dependency risks and trade disruptions.
9) Finance Bill 2026: Tabled in Lok Sabha, outlining fiscal and taxation roadmap.
10) External Sector: RBI reports active forex intervention and stable reserves, providing cushion against external shocks.
11) India Government (Trade & Energy Strategy): Implements supportive measures for exporters and closely monitors Gulf region disruptions impacting trade routes and energy supplies.
12) Global Developments: US‑Iran diplomatic signals influence global markets, contributing to volatility in bond yields and investor sentiment.
Bulk & Block Deals
Bluspring Enterprises
Ashish Dhawan acquired 17 lakh shares of Bluspring Enterprises, representing a 1.14% stake, at Rs 45.55 per share for a total investment of Rs 7.74 crore. Prior to this transaction, he already held a 4.97% stake in the company as of December 2025, further strengthening his position.
Brand Concepts
Ashish Kacholia exited Brand Concepts by selling his entire 1.79 lakh shares, equivalent to a 1.44% stake, to Suryavanshi Commotrade. The deal was valued at Rs 3.9 crore and executed at Rs 217 per share, marking a complete divestment of his holdings in the company.
Innovision
Innovision witnessed significant institutional buying, with multiple investors acquiring shares at Rs 467.7 each, a 25% premium. Craft Emerging Market Fund, Neomile entities, Astorne Capital, and Beacon Stone collectively invested substantial amounts, purchasing millions of shares worth over Rs 150 crore, indicating strong investor confidence in the company.
IPO Listings
Mainboard Listing
GSP Crop Science, Raajmarg Infra Investment Trust
On‑going IPO
Last Date 24 March
Central Mine Planning & Design Institute Ltd
Speciality Medicines Ltd (BSE SME)
Last Date 25 March
Tipco Engineering India Ltd (BSE SME)
Last Date 27 March
Powerica Ltd
Amir Chand Jagdish Kumar (Exports) Ltd
Sai Parenterals Ltd
Highness Microelectronics Ltd (BSE SME)
Upcoming IPO
25 March to 30 March
Vivid Electromech Ltd (NSE SME)
27 March to 8 April
Emiac Technologies Ltd (BSE SME)
Securities Trading Ex‑Bonus Issue on March 24, 2026
Klitch Drugs (India) Ltd (1:1)
Times Green Energy (India) Ltd (1:1)
Securities Trading Ex‑Interest Payment on March 24, 2026
601GS2028 (Government Securities)
Securities Under F&O Ban on March 24, 2026
SAMMAANCAP, SAIL
Source: WOWNEWS24X7, Moneycontrol, Investing.com
