Global Market Futures (as of 06:40 AM IST)
US Market (Futures)
Nasdaq: -2.28%
Dow Jones: -1.95%
S&P 500: -1.91%
European (Futures)
Ftse 100: -1.48%
Cac 40: -0.66%
Dax : -2.67...
Global Market Futures (as of 06:40 AM IST)
US Market (Futures)
Nasdaq: -2.28%
Dow Jones: -1.95%
S&P 500: -1.91%
European (Futures)
Ftse 100: -1.48%
Cac 40: -0.66%
Dax : -2.67%
Asian (Live Markets)
NIKKEI 225: -6.78%
KOSPI: -7.69%
ASX 200: -4.06%
Gift Nifty: 23749.00 (-3.36%)
FII and DII Trading Activity March 6, 2026 in Cash market:
FIIs / FPIs: Net Sell of ₹6,030.38 crores
DIIs: Net Buy of ₹6,971.51 crores
Commodity Market Updates
International commodity markets showed sharp divergence across asset classes. Gold declined to around 5,037.91, falling about 2.58%, while silver dropped significantly to 79.915, down 5.21%, indicating selling pressure in precious metals. Copper also weakened to 5.6753, slipping 2.27%, reflecting cautious sentiment in industrial metals. In contrast, energy markets rallied strongly. WTI crude oil surged to 108.75, gaining 19.64%, while Brent crude rose to 108.81, up 17.39%. Natural gas climbed to 3.428 (+7.60%), and gasoline (RBOB) advanced to 3.0585 (+11.36%). London gas oil also jumped to 1,318.75, rising 13.86%, highlighting strong momentum in global energy markets.
Key Corporate Updates:
Positive:
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Bajaj Auto: BAH BV, a subsidiary of the company, terminated loan agreements with Citi and Standard Chartered on 6 March 2026 after pre-paying outstanding dues aggregating €480 million, reflecting deleveraging of overseas borrowings and strengthening of the balance sheet.
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Kotak Mahindra Bank: The Reserve Bank of India approved the appointment of Anup Kumar Saha to the bank’s board, strengthening governance and leadership oversight.
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Tamil Nadu Petroproducts: The company restarted its HCD (Heavy Chemical Division) plant with effect from today, which is expected to restore production levels and improve operational utilization.
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R Systems International: Declared an interim dividend of ₹6 per share for FY2026, indicating continued shareholder returns and healthy cash generation.
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Coromandel International: The company commissioned phosphoric acid and sulphuric acid plants at its Kakinada complex, enhancing backward integration and improving fertilizer manufacturing capacity.
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Technichem Organics: Received prior environmental clearance for a proposed project at GIDC Saykha, enabling the company to proceed with planned capacity expansion.
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3C IT Solutions & Telecoms (India): The company received a purchase order worth ₹32.1 million, adding to its order book and supporting near-term revenue visibility.
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RITES: Received revised estimates for the Mysuru–Hassan–Mangaluru railway electrification project with the revised project cost at ₹7.29 billion, indicating expansion in project scope and potential revenue opportunities.
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Noida International Airport: The Directorate General of Civil Aviation granted an aerodrome license to Noida International Airport, marking a key regulatory milestone ahead of commencement of commercial operations.
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Anuh Pharma: The company’s Maharashtra manufacturing facility successfully underwent an EDQM audit and was found compliant, strengthening regulatory credibility and export market prospects.
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PB Fintech: Shares saw significant block deal activity with Goldman Sachs Bank Europe SE, Mirae Asset Mutual Fund and Societe Generale purchasing shares, while Tencent Cloud Europe BV sold approximately 4.8 million shares, indicating institutional interest in the stock.
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Omaxe: A company unit received RERA registration for its Urban Square-14 project in Mohali, enabling the launch and marketing of the real estate project.
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Genus Paper & Boards: Completed disinvestment of its 100% stake in Genus Paper and Coke Ltd and received sale consideration of ₹118.6 million, which may help streamline operations and improve liquidity.
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Axis Bank: Axis entities provided in-principle no-objection to the proposed merger of Max Financial Services with Axis Max Life Insurance (AMLI), facilitating progress in the insurance sector consolidation.
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Niraj Cement Structurals: The company secured an order worth ₹801.2 million, strengthening its order book and revenue visibility in infrastructure projects.
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Dr. Reddy’s Laboratories: The U.S. Department of Justice closed its inquiry under the Foreign Corrupt Practices Act without recommending enforcement action, removing a major regulatory overhang for the company.
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Ramkrishna Forgings: The company commenced commercial production of its 40,000 TPA hot forging press line, expanding manufacturing capacity and supporting future growth in automotive and industrial segments.
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Tata Power: Entered into a collaboration with Salesforce to develop nationwide rooftop solar, EV charging and intelligent energy management solutions, supporting the company’s clean energy and digital ecosystem strategy.
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Supreme Petrochem: The company restarted its MABS plant at Amdoshi, Maharashtra at around 65% design capacity, partially restoring operations after earlier disruptions.
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IOL Chemicals & Pharmaceuticals: The EDQM granted CEP certification for the company’s Metformin Hydrochloride Process-II, enhancing regulatory acceptance and export opportunities in global pharmaceutical markets.
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Sun TV Network: Declared an interim dividend of ₹1.25 per share, reflecting continued shareholder payout policy.
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Yes Bank: The board approved the appointment of Vinay Muralidhar Tonse as Managing Director and CEO, marking a leadership transition at the bank.
Negative:
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Ramco Systems: The company received a tax order involving transfer pricing adjustments amounting to ₹404.11 million, which could lead to financial and compliance implications.
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Kwality Wall’s (India): Reported December quarter loss of ₹1.78 billion on product sales of ₹2.22 billion, while also recording a one-time charge of ₹937 million, weighing on profitability.
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Gujarat Narmada Valley Fertilizers & Chemicals (GNFC): Allocation of RI-NG gas quantities under the supply agreement has been restricted to DCQ levels, which is expected to impact production of neem-coated urea.
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Axis Solutions: CFO Ninad Vora resigned with effect from the close of business on March 6, 2026, leading to a senior management change.
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Panacea Biotec: The company received a tax demand order of ₹102.3 million from authorities.
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Tata Elxsi: Received a tax demand order totaling ₹17.9 million, potentially increasing compliance and financial obligations.
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Navneet Education: The company received a tax demand order of ₹56.7 million from tax authorities.
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Gland Pharma: Received a tax demand totaling ₹62.9 million, which could have financial implications.
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Loyal Equipments: CEO Rishi Roop Kapoor resigned from the company, resulting in a change in senior management.
Neutral / Others
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Anand Rathi Share and Stock Brokers: The company appointed Ernst & Young LLP to conduct a forensic audit.
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Krishna Institute of Medical Sciences (KIMS): The company announced that its board will consider raising funds through issuance of shares, indicating potential capital raising plans.
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Motisons Jewellers: Approved fund raising of up to ₹3.5 billion through equity or other eligible securities, subject to regulatory approvals.
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UGRO Capital: The company will consider raising funds through non-convertible debentures and bonds, aimed at supporting business expansion and lending growth.
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Kati Patang Lifestyle: The company announced it will consider issuance of securities, indicating potential capital raising plans.
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Paisalo Digital: The board will consider and approve a fund-raising proposal, aimed at strengthening capital base.
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Lime Chemicals: Rutijja Shinde was appointed as Chief Financial Officer while Amol Vijay Patil resigned from the role, resulting in a leadership transition in finance.
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AAA Technologies: Deepak Sharma was appointed as CFO and Venugopal Madanalal Dhoot redesignated as Managing Director, reflecting management restructuring.
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Transindia Real Estate (Allcargo Group): The company stated that its unit has not proceeded with the proposed issuance of equity shares under private placement / preferential issue, and provided an update on the process.
Non-Corporate, Unlisted & Foreign / Macro
1) SEBI: Introduced voluntary lock-in or debit freeze facility for mutual fund folios effective April 30, 2026, aimed at enhancing investor protection.
2) Moody’s Ratings: Announced completion of a periodic review of ratings for Tata Consultancy Services, with no major rating action disclosed.
3) Global Freight Market: Freight costs for a tanker voyage between Russian Baltic ports and India increased sharply to around $15 million from $10–12 million in February, reflecting tighter tanker availability and geopolitical disruptions.
4) Oil Trade Dynamics: Russian Urals crude traded at a premium for delivery at Indian ports for the first time, indicating stronger demand and supply constraints in global oil markets.
5) RBI Liquidity Measures: The Reserve Bank of India announced open market purchase of government securities worth ₹1 trillion in two tranches on March 9 and March 13, aimed at supporting liquidity in the banking system.
6) State Borrowings: Seventeen Indian states are scheduled to raise ₹459.6 billion through loans on March 10, reflecting ongoing fiscal financing requirements.
7) Treasury Bill Auctions: The government will auction ₹340 billion worth of T-Bills, including ₹140 billion of 91-day, ₹120 billion of 182-day, and ₹80 billion of 364-day securities.
8) Forex Reserves: India’s foreign exchange reserves rose to a record $728.49 billion for the week ended February 27, compared with $723.61 billion in the previous week, reflecting strong external buffers.
9) RBI Data: The central bank stated that the federal government had no outstanding loans with the RBI as of February 27.
10) Bond Market: India’s 10-year benchmark government bond yield closed at 6.6898% compared with the previous close of 6.6406%, indicating a marginal rise in yields.
11) Fuel Demand: India’s fuel consumption rose 5.8% year-on-year in February to 20.24 million metric tonnes, with diesel demand up 4.3% and petrol sales rising 6.1%.
12) India Economic Report (February): The report noted that inflation remains near the lower bound and the immediate impact of the Gulf crisis on inflation appears limited, though prolonged conflict could affect balance of payments and capital flows.
13) External Sector Risk: The report highlighted that sectors dependent on LNG and crude such as fertilizers and petrochemicals could face pressures if the Gulf conflict continues.
14) Currency & Fiscal Risks: The report warned that subdued capital flows and flight to safety could pressure the rupee, while fiscal reprioritisation may be required if geopolitical tensions persist.
15) Sugar Market Outlook: Global sugar markets are expected to shift to a deficit of about 1.5 million tonnes in the 2026/27 season, compared with a surplus in 2025/26, supporting higher prices.
16) Sugar Prices Forecast: ICE white sugar futures are expected to end 2026 at $462.5 per tonne while raw sugar futures are forecast at 15 cents per pound, reflecting stronger price outlook.
17) Sugar Production Outlook: India’s sugar production is expected to reach 29.9 million tonnes in 2026/27 compared with 29.5 million tonnes in 2025/26, while Brazil’s Center-South region is forecast to produce 40.38 million tonnes.
Bulk Deals:
Shankara Buildpro
360 ONE Equity Opportunity Fund has bought 1.62 lakh shares (0.67 percent stake) in the building materials and home improvement products supplier for Rs 16.22 crore. The purchase price was Rs 998.61 per share.
Ganesha Ecosphere
DSP Mutual Fund sold 2.76 lakh shares (1.03 percent stake) in the PET bottle recycler for Rs 21.2 crore, at a price of Rs 768 per share. However, India Capital Management, through India Capital Fund, acquired 2.34 lakh shares for Rs 17.97 crore at the same price.
Block Deals
PB Fintech
Tencent Cloud Europe BV, a subsidiary of Tencent Holdings, sold 48.4 lakh shares (1.04% stake) in PB Fintech, the parent of Policybazaar and Paisabazaar, for ₹694.65 crore at ₹1,435.1 per share. The stake was fully bought by seven investors, including Goldman Sachs, Mirae Asset MF, Tata MF, DSP MF, Societe Generale, Schroder, and Viridian Asia Opportunities Master Fund.
IPO Listings
SME Listing
Acetech E-Commerce
On-going IPO:
Last Date 10-Mar
Srinibas Pradhan Constructions Ltd
Last Date 11-Mar
Rajputana Stainless Ltd
Upcoming IPO:
11-Mar to 13-Mar
Raajmarg Infra Investment Trust (InvIT)
Securities Trading Ex-Dividend on March 9, 2026
Axtel Industries Ltd
Securities Trading Ex-Bonus Issue on March 9, 2026
Cupid Ltd (4:1)
Securities Trading Ex-Split on March 9, 2026
Tanfac Industries Ltd (From Rs.10 to Rs.5)
Securities Under F&O Ban on March 9, 2026
SAMMAANCAP, SAIL
Source: WOWNEWS24X7, Moneycontrol, Investing.com
