Global Market Futures (as of 06:40 AM IST)
US Market (Futures)
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Nasdaq: -0.10%
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Dow Jones: -0.17%
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S&P 500: -0.09%
European (Futures)
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Ftse 100: +0.03%
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Cac 40: +0.93%
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Dax: -1.69%
Asian (Live)
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NIKKEI 225: -2.85%
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KOSPI: -2.63%
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ASX 200: -1.57%
Gift Nifty: 23232.50 (-2.38%)
FII and DII Trading Activity March 18, 2024 in Cash market
FIIs / FPIs: Net Sell of ₹2,714.35 crores
DIIs: Net Buy of ₹3,253.03 crores
Results Today
Shree Ram Twistex will announce its quarterly earnings scorecard today.
Key Quarterly Earnings Update
Gaudium IVF and Women Health Q3 (Consolidated YoY)
Profit grows 6.85% to Rs 3.63 crore versus Rs 3.4 crore. Revenue surges 70% to Rs 24.5 crore versus Rs 14.4 crore.
Commodity Market Updates
International commodity markets are showing mixed trends with clear divergence across segments. Gold is trading lower at 4,839.00, indicating mild pressure on safe‑haven demand, while XAU/USD is slightly higher at 4,837.40, suggesting short‑term volatility. Silver has weakened significantly to 75.985, reflecting broader softness in precious metals. In contrast, copper is gaining strength at 5.5240, pointing to steady industrial demand. Energy markets remain bullish, with WTI crude oil rising sharply to 98.39, and Brent crude holding firm at 111.41. Natural gas is also up at 3.260, showing improving demand dynamics. Overall, markets indicate a shift toward energy and industrial commodities amid improving global growth sentiment.
Key Corporate Updates
Positive
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Adani Group / Mundra Port: Mundra Port welcomed Indian‑flagged vessels Shivalik carrying 46,000 MT of LPG and Jag Laadki carrying 80,886 MT of crude oil, indicating continued strength in energy cargo handling and port operations.
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Alkem Laboratories: The company approved a phased investment of up to ₹5.33 billion and received a 30‑acre land allotment in Ujjain for a greenfield facility, supporting future manufacturing expansion.
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GNG Electronics: The company enhanced its credit facilities from ₹300 million to ₹800 million and entered into a supplemental working capital facilities agreement with DBS Bank India, strengthening liquidity and funding flexibility.
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Godrej Agrovet: The company entered into an agreement to sell leasehold rights of land in GIDC Sachin in a deal valued at ₹350 million, reflecting asset monetisation.
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YAAP Digital: The company will acquire a 100% stake in Gozoop Online, marking a strategic expansion move.
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Tata Communications: Tata Communications (Hong Kong) executed a joint venture agreement with Shanghai Runshengtong Management Consulting Co for incorporation of a JV company, supporting international partnership expansion.
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CWD Limited: The company received a purchase order valued at ₹452.4 million, providing revenue visibility.
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Nazara Technologies: The company approved infusion of up to $100.3 million into Nazara UK, while its unit also received in‑principle approval for acquisition of stakes in Bluetile and Bestplay, strengthening its gaming and digital ecosystem.
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Manappuram Finance: RBI granted final approval for the indirect change of control and management of company's subsidiaries AMFL and MHFL, clearing an important regulatory milestone.
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Veerhealth Care: The company received an order valued at ₹55 million excluding GST, supporting business momentum.
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G R Infraprojects: The company emerged as L‑1 bidder for the NH‑33 greenfield project in Bihar with a contract price of ₹24.41 billion, boosting order book prospects.
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ICICI Bank: The bank fully redeemed outstanding notes worth $816 million, indicating balance sheet management and liability optimisation.
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United Breweries: The company received environmental clearance for a greenfield brewery in Uttar Pradesh, enabling capacity expansion.
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Belrise Industries: The company’s unit signed an agreement to acquire Chester Hall Precision Engineering Holdings for a consideration of €3.2 million, supporting inorganic growth.
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DCX Systems: The company received purchase orders totaling ₹128.1 million, adding to execution visibility.
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Solarium Green Energy: The company commissioned a 1 GW solar module manufacturing facility in Ahmedabad with estimated capex of ₹900 million, significantly expanding manufacturing capability.
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Mazagon Dock: The company signed a contract worth about $39 million for a 3,000 DWT methanol dual‑fuel PSV, supporting order inflow and diversification.
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Puravankara: The company’s unit received a MahaRERA registration certificate for launch of Tower D in an existing project, enabling further monetisation.
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UltraTech Cement: The company will invest up to ₹192 million to acquire a 26.18% equity stake in Sunsure Solarpark Seven to meet green energy needs and comply with regulatory requirements.
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Shree Refrigerations: The company received a ₹24.1 million order from the Indian Navy for B Class ship spare items, supporting order book growth.
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Nihar Info Global: The company approved divestment of Life 108 Healthcare Private Limited.
Negative
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CapitalVia Global Research: SEBI suspended the registration certificate of CapitalVia Global Research for six months, indicating regulatory action.
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Bajaj Electricals: GST authority imposed a total demand of ₹36.2 million, including penalty of ₹3.3 million, creating a tax overhang.
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Aditya Birla Lifestyle: The company received tax orders with demand of ₹9.8 million.
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R R Kabel: The company received a tax demand order of ₹126.8 million.
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Tamilnad Mercantile Bank: The Income Tax Department raised a demand of ₹2.04 billion, which is materially significant.
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Camlin Fine Sciences: A court initiated judicial liquidation proceedings for CFS Europe S.p.A., marking an adverse development for its overseas unit.
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Container Corporation of India: The stock pared gains after a Reuters report indicated plans to shelve privatisation sale, dampening disinvestment‑related sentiment.
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PhysicsWallah: The company received a tax order of ₹2.63 billion, creating a significant tax overhang for the unlisted edtech player.
Neutral / Others
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Natco Pharma: The board will consider demerger of the agrochemicals division, which could unlock strategic and valuation benefits.
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Ugro Capital: The company will consider raising funds via non‑convertible debentures, reflecting a routine fundraising proposal.
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SEPC: The board will discuss the proposed acquisition of Ave‑Nir International Engineers, with transaction specifics awaited.
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IndiGo: The airline participated in the bidding process for acquisition of land in Sector 29, Gurugram, indicating strategic interest in real estate without confirmed deal closure.
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Ola Electric: The company approved variation in IPO proceeds utilisation, including reallocation toward debt repayment and extension of the time limit for use of IPO proceeds, reflecting a capital deployment change.
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Dishman Carbogen Amcis: The company approved issue of up to ₹1 billion NCDs on a private placement basis as part of funding plans.
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South Indian Bank: The bank revised its one‑year MCLR to 9.5% effective March 20, indicating a pricing reset.
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Jonjua Overseas: The company approved appointment of Major Harjinder Singh Jonjua as Managing Director.
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Bajaj Auto: The company re‑appointed Shri Pradeep Shrivastava as Whole‑Time Director.
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Purple Finance: The board will consider fundraising through issuance of securities.
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Alldigi Tech: The company appointed Natarajan Laxsmanan as Chief Executive Officer.
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Mobavenue AI Tech: The company approved a stock split and appointed Vijay Basantani as Group Chief Financial Officer.
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Orissa Minerals Development Company: The company appointed GVN Prasad as Managing Director.
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Superior Finlease: The company approved issue of equity shares on a preferential basis.
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NHPC: The company will consider a borrowing plan for FY27.
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Arcl Organics: The company settled a customs dispute through payment in 24 instalments, resolving the matter while creating a structured cash outflow.
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BSE: BSE announced mock trading on March 21 for equity, equity derivatives, commodity derivatives and currency derivatives segments as part of exchange preparedness.
Non‑Corporate, Unlisted & Foreign / Macro
1) Qatar / Gulf Energy: Qatar’s Ras Laffan installations are being evacuated following an Iran threat to attack Gulf energy facilities, raising geopolitical risk for regional energy infrastructure.
2) Qatar LNG / Europe: Qatar offloaded five LNG slots for unloading, storage and regasification at Belgium’s Zeebrugge terminal for April, indicating continued supply management into Europe.
3) Reserve Bank of India: RBI will conduct a 3‑day variable rate repo auction for ₹750 billion under the liquidity adjustment facility on March 20, 2026, signalling liquidity management action.
4) India Government / Hydropower: The Union Cabinet approved a hydropower development scheme worth ₹25.85 billion.
5) India Government / Manufacturing: The Cabinet also approved ₹336.60 billion toward a domestic manufacturing development scheme, a supportive macro policy move for industry.
6) India Government / Cotton: The Cabinet approved minimum support price for cotton worth ₹117 billion for the 2023‑24 season.
7) India Gas Infrastructure: A government official said India added 120,000 new piped gas connections in the last two weeks, reflecting expansion in city gas distribution.
8) India LNG Supply: A government official said India has sufficient LNG supply, indicating no immediate supply stress.
9) India Security / Shipping: An official said the Indian Navy is present in the area for anti‑piracy operations, supporting maritime security.
10) India Bond Market: India’s 10‑year benchmark government bond yield ended at 6.7330% versus previous close of 6.7143%, indicating a rise in yields.
11) Russia Oil Exports: Russia’s western oil exports fell to 1.7 million bpd in March from 1.8 million bpd in preliminary plans, indicating softer export flows.
12) Reliance Jio (Unlisted): Reuters reported that Reliance Jio’s Mumbai listing is likely to be via offer‑for‑sale with no new funds to be raised, and that the company has appointed 17 banks for the upcoming IPO, marking a major step toward listing.
Bulk & Block Deals
Cosmic CRF
Suryavanshi Commotrade acquired 3.26 lakh shares (3.55% stake) in Cosmic CRF from Ashish Kacholia at Rs 650.24 per share, totaling Rs 21.2 crore. Earlier, Kacholia held a 3.37% stake as of September 2025, indicating a near‑complete exit or reduction in his position.
BEW Engineering
Suryavanshi Commotrade purchased 6.33 lakh shares (4.8% stake) in BEW Engineering from Ashish Kacholia at Rs 84.66 per share, worth Rs 5.36 crore. This transaction reflects a notable stake transfer, with the latest shareholding data available only up to September 2025.
Electrosteel Castings
Electrosteel Thermal Coal acquired 2.05 crore shares (3.31% stake) in Electrosteel Castings from India Opportunities Growth Fund (Pinewood Strategy) for Rs 143.5 crore at Rs 70 per share. The seller previously held a 3.49% stake as of December 2025.
Shankara Building Products
The Ballygunge Family Trust acquired 2.04 lakh shares (0.84% stake) in Shankara Building Products at Rs 109.51 per share, worth Rs 2.24 crore. Simultaneously, ACE Infracity Developers exited a similar stake, selling 2 lakh shares at nearly identical pricing for Rs 2.19 crore.
Yatra Online
Belgrave Investment Fund acquired 16.89 lakh shares (1.07% stake) in Yatra Online at Rs 105.02 per share, totaling Rs 17.7 crore. Meanwhile, ITI Holdings and Investment sold 15 lakh shares (0.95% stake) at Rs 105.11 per share, valued at Rs 15.76 crore.
Filatex Fashions
Promoter Prabhat Sethia sold an additional 4.69 crore shares (0.56% stake) in Filatex Fashions at Rs 0.17 per share, raising Rs 79.77 lakh. This brings his total stake sale this month to 2.85%, indicating continued promoter stake reduction.
IPO Listings
Mainboard Listing
Rajputana Stainless Ltd
On‑going IPO
Last Date 20‑Mar
Novus Loyalty Ltd (BSE SME)
Upcoming IPO
20‑Mar to 22‑Mar
Central Mine Planning & Design Institute Ltd
Speciality Medicines Ltd (BSE SME)
23‑Mar to 25‑Mar
Tipco Engineering India Ltd (BSE SME)
Securities Trading Ex‑(Corporate Action) on March 19, 2026
NIL
Securities Under F&O Ban on March 19, 2026
SAMMAANCAP, SAIL
Source: WOWNEWS24X7, Moneycontrol, Investing.com
