FOMO To FMA -Markets Open Cautious: Oil Rallies, Metals Waver and Global Futures Stay Subdued

Global Market Futures (as of 06:15 AM IST)
US Market (Futures)

• Nasdaq: -0.75%
• Dow Jones: -0.91%
• S&P 500: -0.75%

European (Futures)

• Ftse 100: -0.42%
• Cac 40: -0.78%
• Dax : -0.69%

Asian (Live Markets)

• NIKKIE 225: -1.04%
• KOSPI: +0.19%
• ASX 200: -1.36%

Gift Nifty: 23900.00 (-0.06%)

FII and DII Trading Activity March 11, 2026 in Cash market:
FIIs / FPIs: Net Sell of ₹6,267.31 crores
DIIs: Net Buy of ₹4,965.53 crores

Commodity Market Updates
International commodity markets showed mixed trends across metals and energy, with energy prices leading gains. Gold traded around 5,160.56, while XAU/USD hovered near 5,155.56, both slightly lower as investors weighed macroeconomic signals. Silver edged higher to about 85.680, indicating mild strength within precious metals, while Copper slipped to roughly 5.8920, reflecting cautious industrial demand. Energy markets rallied strongly, with WTI crude oil surging to around 93.35 and Brent crude climbing to approximately 98.96. Natural gas also inched up to 3.245. Refined products saw notable gains, with RBOB gasoline rising to 2.9229 and London gas oil jumping to about 1,110.75. Overall, the commodity complex remains divergent, with robust energy prices contrasting softer movements in key metals.

Key Corporate Updates:

Positive:

• Bharat Forge: Invested ₹1.6 billion in Bharat Forge Global Holding GmbH, indicating continued capital deployment toward overseas growth and strategic expansion.
• UGRO Capital: Approved issuance of NCDs/bonds in one or more tranches, supporting funding flexibility and balance sheet diversification.
• Urban Enviro Waste Management: Approved a preferential issue of fully convertible warrants of up to ₹500 million and a QIP of up to ₹320 million, strengthening its capital-raising pipeline for expansion.
• AFCOM Holdings: Received DGCA registration certificate for its third aircraft, marking a capacity addition and operational scale-up.
• Ramky Infrastructure: Approved acquisition of a company in India’s water and wastewater management space, supporting diversification and sectoral expansion.
• Adani Enterprises: Completed acquisition of a defence unit from Punj Lloyd through its unit and also completed acquisition of an effective 14.2% stake in Air Works India, reinforcing its defence and aviation services footprint.
• BLS International Services: Its unit acquired 100% stake in BLSEC S.A.S in Ecuador, expanding international presence.
• KEC International: Secured fresh orders worth ₹14.76 billion, providing healthy order book support and revenue visibility.
• Indo Count Industries: Said there is no impact on financials, business operations or other activities despite the tax department inspection/search, indicating business continuity.
• Zodiac Energy: Acquired a majority stake in Shamli Solar Projects, strengthening its renewable energy portfolio.
• Ceigall India: Its joint venture emerged as L1 bidder for the NH-913 road project, improving execution pipeline visibility.
• Redington: Received a favourable order quashing a ₹2.30 billion tax demand, reducing a significant contingent liability.
• Tamilnadu Petroproducts: Completed and commenced operations of its lab plant expansion, adding to operational capacity.
• Artefact Projects: Won a project with contracted fees of ₹32.8 million, supporting near-term revenue inflow.
• Jubilant FoodWorks: Commenced commercial production from its commissary at Raigad, which should support backend efficiency and network expansion.
• Vascon Engineers: Received a work order worth ₹1.16 billion, strengthening order inflows.
• C2C Advanced Systems: Signed an LoI and received initial purchase orders from Mohan Meakin, marking business development progress.
• Kinetic Engineering: Secured promoter infusion of ₹400 million for EV and component growth, improving funding support for expansion.
• Samsrita Labs: Initiated strategic expansion into the pet animal healthcare and wellness segment, indicating entry into a new growth vertical.
• State Bank of India: Signed a strategic partnership agreement with Japan’s MUFG Bank, with cooperation spanning advisory, trade finance and retail banking solutions, enhancing cross-border business opportunities.
• Servotech Renewable Power System: Along with Electra EV, secured a joint patent for a low-voltage EV charging device, supporting technology differentiation.
• Unifinz Capital India: Approved issuance of listed senior secured NCDs worth up to ₹300 million, broadening its borrowing base.
• Wipro: Entered into a multi-year deal with TruStage to transform its retirement services business, adding to long-duration revenue visibility.
• Omnitech Engineering: Secured a contract worth $20.1 million from Weatherford Products GmbH, supporting export order momentum.

Negative:
 

• Aether Industries: Reported a fire at an external warehouse in Sachin, Surat; although all facilities are operating normally and no injuries or casualties were reported, the incident remains an operational risk event.
• InfoBeans Technologies: Said prolonged Iran-Israel conflict could delay client decision-making in the Middle East, with overall impact expected to remain limited and neutral to slightly cautious; this points to some near-term demand uncertainty.
• Mahanagar Gas: Said gas curtailment has impacted supply to industrial and commercial customers and that it is assessing the impact while aligning supply as per prescribed directions, indicating demand-side disruption.
• Univa Foods: Managing Director Mallinath Madineni resigned; although a replacement has been appointed, the resignation marks a key management change.
• Uno Minda: Received tax demand orders of ₹466.2 million and ₹921.9 million, creating a sizeable tax overhang.
• Filmcity Media: Mohit Jain resigned as Director and CFO, resulting in a senior management exit.
• Moneyboxx Finance: Disclosed a fraud involving a former employee, Rahul Kumar, with unauthorized transfers of company funds amounting to around ₹11.3 million, reflecting internal control concerns.
• Indo Tech Transformers: Said Renew Wind Energy (Jamb) cancelled an order for six transformers valued at ₹649.9 million, hurting order book visibility.
• Manali Petrochemicals: Temporarily suspended operations at Plant-I in Manali, Chennai from 12 March 2026 after CPCL ceased propylene supply with immediate effect; the shutdown has been classified as force majeure, creating production disruption despite Plant-II continuing on available feedstock inventory.
• Stovec Industries: Received a tax demand notice of ₹40.2 million, adding litigation-related pressure.
• Kothari Petrochemicals: Announced force majeure due to Middle East gas supply restrictions and said the impact cannot yet be ascertained, reflecting supply-side uncertainty.
• Relaxo Footwears: CFO Prince Jain resigned, marking a key finance leadership change.
• LG Electronics India: Received a tax demand order of ₹79.8 million, resulting in a fresh tax dispute.
• Aditya Birla Lifestyle Brands: Birla Group Holdings cut its stake from 17.39%, indicating promoter/strategic shareholder dilution in the company.
• Orient Bell: Said GAIL Gas has declared force majeure and restricted gas supply to industrial customers, with the Hoskote plant to receive only part of its past six-month average consumption; the company expects temporary and partial production impact along with possible gas price revisions for restricted and excess quantities.
• IndiGo: GIC Private Limited reduced its stake to 2.984% from 3.110%, indicating a marginal institutional stake cut.
• Tijaria Polypipes: Proposed a one-time settlement with Bank of India, typically indicative of balance sheet stress and lender resolution efforts.
• Borosil: Said borosilicate glass furnace production has been temporarily suspended and opal glass furnaces are operating at lower capacity, with the company coordinating with OMCs and the government for LPG supply, highlighting fuel-related production pressure.

Neutral / Others

• 5Paisa Capital: Fixed the rights issue price at ₹300 per share, advancing its capital-raising plan and improving visibility on the fundraising structure.
• Satin Creditcare Network: Board will consider fundraising via private placement of non-convertible debentures, which could support liquidity and growth funding.
• Vardhman Textiles: Inserted an object clause for electricity generation and supply operations, opening an additional strategic business avenue.
• D & H India: Will consider fundraising through issuance of warrants; the proposal is financing-related, with impact dependent on size, pricing and end use.
• InfoBeans Technologies  management: Re-appointed Siddharth Sethi as Managing Director; this is a governance continuity update.
• Ramky Infrastructure - board: Announced board changes/meetings, which are routine governance disclosures pending further detail.
• Uniparts India: CFO Rohit Maheshwari resigned effective 12 March 2026; while important from a governance perspective, operational impact remains to be seen.
• Jayant Infratech: Deferred the fund-raising decision for further evaluation, keeping capital-raising plans open but unresolved.
• Patel Integrated Logistics: Board will consider voluntary delisting of equity shares from the Calcutta Stock Exchange; as this concerns a regional exchange listing, immediate business impact appears limited.
• Power Finance: Will consider its market borrowing programme for FY27, which is a routine annual financing exercise.
• Prabhav Industries / MSP Steel & Power / Bharat Coking Coal: Board and management change announcements were disclosed, but the available headline details are procedural and do not yet indicate a clear earnings or valuation impact.
• Canara Bank: Kept its one-year MCLR unchanged with effect from 12 March, implying no immediate change in benchmark lending rates.

Non-Corporate, Unlisted & Foreign / Macro

1) India Government: shipping security: Said it has seen reports of an attack on Thai ship Mayuree Naree in the Strait of Hormuz on 11 March, noted the vessel was bound for Kandla, deplored attacks on commercial shipping, and has engaged the National Shipping Board to address sectoral challenges amid maritime uncertainty.
2) India Government / Energy security: Said 28 Indian-flagged vessels are operating in the Persian Gulf, India is monitoring the safety of oil and fuel vessels, crude supplies remain sustainable, refineries are operating at full capacity, two LNG cargoes are on the way, around 47.4 MMSCMD of gas has been affected due to the Middle East crisis, domestic LPG production has risen 25% after government action, and panic LPG bookings are being driven by misinformation.
3) India Government / Coal: Said coal production continues at the same pace, the country is ready for any unprecedented demand, and coal stocks of about 210 MT are adequate for around 88 days.
4) RBI: liquidity and bond market: Announced purchase of government securities under OMO on 13 March; separately, India’s 10-year benchmark government bond yield closed at 6.6366% versus 6.6737% previously, indicating softer yields.
5) RBI: monetary aggregates: Said currency in circulation rose ₹308.45 billion to ₹40.75 trillion for the fortnight ended 28 February, growing 10.6% year-on-year; reserve money rose 5.3% year-on-year and broad money supply growth was at 11.5%.
6) India ED / SBI: Restituted immovable properties worth ₹16.9 million to State Bank of India in the Arvind Casting bank fraud case.
7) IEA / India: IEA Executive Director Fatih Birol welcomed India’s supportive statement for coordinated action to release oil stocks to address disruptions in global oil markets.
8) RBI action on cooperative banks: RBI directed Gujarat Rajya Karmachari Coop Bank and UP Civil Secretariat Primary Cooperative Bank not to grant or renew loans and advances, and in one case also not to accept fresh deposits without prior approval, highlighting regulatory stress in parts of the cooperative banking segment.
9) Capricorn Energy: Received multiple unsolicited, non-binding proposals from Alamadiaf Al-Masiyah for Trading LLC for a possible all-cash takeover, with the bidder required to announce firm intention by 8 April 2026; while strategic interest is evident, the proposals remain non-binding and indicate deal uncertainty at this stage.

Bulk & Block Deals:

Borana Weaves:
Citadel Capital Fund and Elite Capital Fund, investment vehicles of Craft Emerging Market Fund PCC, jointly purchased 3.74 lakh shares (1.4% stake) in Borana Weaves at ₹396 per share for ₹14.8 crore. Pine Oak Global Fund sold 3.75 lakh shares (1.4%) in the deal. It previously held a 1.87% stake as of December 2025.
Prodocs Solutions:
Lords Multigrowth Fund and 31 Degrees North Fund I sold 1.49 lakh shares in Prodocs Solutions for about ₹2.74 crore. Hitesh Natwarlal Kawa and Roopal Hitesh Kawa bought 1.87 lakh shares worth roughly ₹3.44 crore, gaining a combined 2.65% stake. As of December 2025, the two funds held 4.82% and 3.09%, respectively.

On-going IPO:
Last Date 12-Mar
Innovision Ltd
Last Date 13-Mar
Raajmarg Infra Investment Trust (InvIT)
Apsis Aerocom Ltd (NSE SME)

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

IPO Listings

Mainboard
Artemis Electricals and Projects
SME
Elfin Agro India

Securities Trading Ex-Dividend on March 12, 2026
Indian Oil Corporation Ltd, R Systems International Ltd, Sun TV Network Ltd
Securities Trading Ex-Right Issue on March 12, 2026
Maruti Interior Products Ltd, Supra Pacific Financial Services Ltd, Vertex Securities Ltd
Securities Under F&O Ban on March 12, 2026
SAMMAANCAP, SAIL

Sources: WOWNEWS24X7,  Moneycontrol,  Investing.com