Global Market Futures (as of 06:35 AM IST)
US Market (Futures)
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Nasdaq: +1.03%
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Dow Jones: +0.93%
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S&P 500: +0.89%
European (Futures)
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Ftse 100: +0.32%
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Cac 40: +0.31%
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Dax : +1.36%
Asian (Live)
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NIKKEI 225: +3.15%
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KOSPI: +3.13%
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ASX 200: +2.08%
Gift Nifty: 23100.00 (+0.78%)
FII and DII Trading Activity March 24, 2026 in Cash market
FIIs / FPIs: Net Sell of ₹8,009.56 crores
DIIs: Net Buy of ₹5,867.15 crores
Commodity Market Updates
International commodity markets displayed mixed trends, with strong gains in precious metals contrasted by weakness in energy. Gold rose sharply to 4,596.50, up 3.66%, while XAU/USD traded at 4,564.15, gaining 2.01%. Silver outperformed, surging to 74.060, up 6.46%. In base metals, copper edged lower to 5.5345, down 0.64%. Energy markets were under pressure, with WTI crude falling to 87.47, a steep decline of 5.28%, and Brent crude slipping to 94.28, down 1.88%. Natural gas also weakened, trading at 2.835, down 1.19%. Overall, safe‑haven demand supported metals, while energy prices reflected softer sentiment.
Key Corporate Updates
Positive
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Expleo Solutions: The company has been granted immunity against a disputed tax demand of INR 5 million, providing relief from a potential financial outflow and reducing related litigation uncertainty.
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ACME Solar Holdings: The company has commissioned the second phase of its 35.714 MW / 160.48 MWh battery energy storage system project in Rajasthan, with the commercial operation date for Phase II scheduled for March 26, 2026, strengthening its renewable energy execution pipeline.
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RBL Bank: The bank received a favorable development after state tax authorities withdrew a GST demand of INR 920 million pertaining to FY2019‑20, removing a material tax overhang.
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Inventurus Knowledge Solutions / IKS Health: IKS Health and Certilytics have expanded their strategic collaboration to bridge the payer‑provider gap through a combination of agentic AI capabilities and human‑in‑the‑loop oversight, which could strengthen the company’s positioning in healthcare technology solutions.
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Ashapura Mine‑Chem: The company will incorporate a subsidiary in the UAE, indicating overseas expansion and a broader international operating footprint.
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Ceigall India: The company has secured two work orders from Purvah Green Power in Andhra Pradesh, valued at INR 1.2 billion and INR 1.78 billion, supporting order book growth in the infrastructure segment.
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Dev Accelerator: The company has approved a fundraise of up to INR 350 million for the expansion of its Ahmedabad workspace, comprising INR 150 million through warrants and INR 200 million through preferential share issuance, which should support future growth plans.
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Classic Electrodes (India): The company approved an additional investment of INR 4.6 million in HM Power and Cables Private Limited, indicating continued support for its investee operations.
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Salem Erode Investments: The company has approved a rights issue of up to INR 229.3 million, which is expected to support capital raising while allowing existing shareholders to participate proportionately.
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Sharika Enterprises: The company has received a smart grid order from Larsen & Toubro for RDSS Varanasi, reinforcing its presence in power distribution modernization projects.
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Sadhav Shipping: The company has secured a purchase order worth INR 63.3 million, adding to business visibility.
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Tata Steel: The company has acquired an equity stake in T Steel Holdings Pte / TSHP through a transaction aggregating to USD 180 million, reflecting continued capital deployment into its group structure and strategic holdings.
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Expo Engineering and Projects: The company has received a work order from Reliance Industries worth INR 1.2 million, which, while modest in size, adds to ongoing business activity.
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Magellanic Cloud: The company’s unit has secured a purchase order exceeding INR 250 million, supporting revenue visibility.
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Osel Devices: The company’s unit has entered into an agreement to acquire 90.69% of SFL Hearing Solutions for INR 300 million, representing a meaningful inorganic growth initiative.
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Trom Industries: The company has received an order worth INR 17 million, supporting near‑term execution momentum.
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BPCL: BPCL has commissioned its second‑generation bioethanol refinery at Bargarh, and its joint venture with Sembcorp has secured a 10 KTPA green hydrogen contract from Numaligarh Refinery, strengthening its clean energy and transition fuel initiatives.
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Waaree Energies: The company has approved INR 39 billion in capex for a glass manufacturing plant and will increase its stake in Waaree Transpower to 75.10%, reflecting aggressive expansion and deeper integration across its renewable energy value chain.
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Mahindra & Mahindra: The company announced a dividend‑related corporate action, which is supportive from a shareholder return perspective.
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WPIL: The company has approved the sale of its entire stake in Sterling Pumps Pty Ltd for AUD 2.34 million, which may help streamline operations and optimize capital allocation.
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NTPC Green Energy: The company has signed an MoU with Nxtra Data for renewable energy projects, which could open up new opportunities in supplying clean power to digital infrastructure assets.
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Infosys: Infosys has extended its strategic collaboration with the University of Nottingham, underlining its continued focus on academic partnerships, innovation, and talent development.
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Natco Pharma: The board has approved a scheme of arrangement with Natco Crop Health Sciences, under which shares will be issued to Natco Pharma shareholders, potentially unlocking value through business restructuring.
Negative
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CRISIL: The company has received a tax demand of INR 1.21 billion, which represents a material tax‑related exposure.
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Aditya Birla Real Estate: The Court of Revenue Board, Madhya Pradesh, has issued an order alleging short payment of INR 26 million in stamp duty and registration fees on land value, while also demanding INR 22.5 million on plant and machinery, resulting in additional legal and financial exposure.
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Winro Commercial (India): The company has received a tax demand of INR 36.5 million for AY 2022‑23, which could weigh on sentiment.
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ICICI Prudential Life Insurance: The company has received a tax order totaling INR 3.91 billion, including interest, creating a sizable contingent liability.
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Pasupati Acrylon: The company reported a 15–20 day delay in raw material shipments due to the Middle East conflict, and has temporarily shut its acrylic fiber plant from March 24, 2026 until the first half of April 2026, indicating an operational disruption.
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Vishal Mega Mart: The company has received a tax order of INR 7.2 million, including interest and penalty.
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V‑Guard Industries: The company has received an income‑tax assessment order resulting in a demand of INR 102.1 million, which creates a tax‑related overhang.
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Nitco: Bikash Jain has resigned as Chief Financial Officer effective March 31, 2026, resulting in a key management change.
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Ceigall India: Tenders aggregating to INR 2.07 billion awarded to the company have been cancelled by the Punjab government, which is negative for near‑term order inflows and execution visibility.
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Neptune Petrochemicals: The company reported a disruption in operations due to non‑availability of raw materials arising from geopolitical conflict in the Middle East, highlighting supply‑side stress.
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Aequs: Dinesh Iyer has resigned as Chief Financial Officer effective June 30, 2026, resulting in another senior management transition.
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Vasa Denticity: Gaurav Agarwal has resigned as Chief Financial Officer, which may create temporary management uncertainty.
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Natco Pharma: The company will liquidate its wholly owned subsidiary in Australia, indicating a strategic exit from that entity.
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New India Assurance: The company has received a tax order for INR 1.89 billion, creating a material tax liability exposure.
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Prakash Steelage: The Income Tax Department has issued a tax demand of INR 492.9 million, which is a significant adverse development.
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Hindustan Oil Exploration Company: N. Sivalai Senthilnathan has resigned as Chief Financial Officer, marking a change in senior management.
Neutral / Others
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Aptus Pharma: The board has recommended the issue of bonus equity shares in the ratio of 3:2, a move that reflects management confidence and could improve stock liquidity.
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Kotak Mahindra Bank: The business activities of Kotak Mahindra Investments Ltd will be conducted departmentally within the bank, while KMIL will stop new loan sanctioning from April 1, 2026 and only continue servicing existing facilities, indicating a restructuring of lending operations.
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IIRM Holdings India: The company’s unit plans to raise up to INR 650 million via secured non‑convertible debentures, which is a financing‑related development.
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Welspun Corp: The company has transferred 22% equity in East Pipes Integrated Company for Industry between subsidiaries, with the transfer valued at SAR 979.9 million, representing an internal restructuring transaction.
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Thomas Cook (India): The company has approved a supplemental agreement with Atirath for its travel AI platform joint venture, while maintaining the 50:50 shareholding structure, indicating continuity in the partnership.
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Viji Finance: The company plans to issue warrants aggregating to INR 357 million, which is a capital‑raising measure.
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Larsen & Toubro: Siliconch Systems Private Limited has been amalgamated with and into Semiconductor Technologies Limited, representing an internal corporate restructuring.
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BPCL: The company stated that its Bargarh bioethanol project is expected to begin commercial operations in 2028, providing a timeline update.
Non‑Corporate, Unlisted & Foreign / Macro
1) Aditya Birla Group / Royal Challengers Bengaluru: Aryaman Vikram Birla will serve as chairman of Royal Challengers Bengaluru, following the acquisition of the franchise by Aditya Birla Group, The Times of India Group, Bolt Ventures, and Blackstone; the transaction values RCB at INR 166.6 billion, marking a significant strategic investment in a high‑value sports asset.
2) India Government / Natural Gas Infrastructure: The government has notified a landmark order, effective immediately, to strengthen natural gas infrastructure by establishing a streamlined and time‑bound framework for authorised entities to lay and expand pipelines across India, which is an important policy reform for the sector.
3) India State Borrowings: Twelve states are scheduled to raise INR 395.41 billion through loans on March 27, as part of routine market borrowing.
4) RBI / Liquidity Operations: The Reserve Bank of India will conduct variable rate repo auctions including INR 750 billion on March 27, INR 500 billion on March 30, along with 6‑day and 3‑day VRR auctions, as part of liquidity management operations.
5) India‑UAE CEPA / Gold Imports: India has extended TRQ authorisations for gold imports under the India‑UAE CEPA until June 30, providing continuity in trade arrangements.
6) India Bond Market: India’s benchmark 10‑year government bond yield closed higher at 6.8681%, compared with the previous close of 6.8379%, reflecting movement in the fixed income market.
7) India Edible Oils: India’s March palm oil imports are estimated to decline to 680,000 tonnes from 847,689 tonnes in February, as refiners reduced purchases in anticipation that the recent war‑driven price rally may ease.
8) India Government / Strait of Hormuz: Indian government officials stated that no permission is needed for the transit of vessels through the Strait of Hormuz, dismissed reports of any levy on such transit as baseless, and added that India has lined up adequate LPG cargoes, helping ease immediate energy supply concerns.
9) Modi–Trump Call: Prime Minister Narendra Modi, following a call with Donald Trump, reiterated that India supports de‑escalation and the restoration of peace at the earliest, while the U.S. envoy to India said both sides also discussed the importance of keeping the Strait of Hormuz open.
10) U.S.–India Defence Cooperation: U.S. Under Secretary of Defense Elbridge Colby stated that the U.S. supports India’s objective of enhancing domestic defence production, indicating continued strategic alignment.
11) RBI / State Securities: The RBI said Nagaland accepted a partial amount of INR 2.50 billion in a 5‑year security, while Karnataka accepted a partial amount of INR 14.01 billion in a 5‑year security, reflecting state‑level borrowing outcomes.
12) Capricorn Energy PLC: The company clarified that it has not received any proposal from Dragon Oil to acquire the company, and further stated that the multiple proposals received for its Western Desert assets do not adequately reflect the assets’ value, which may reduce the likelihood of a near‑term value‑accretive transaction.
13) Rain: The company has expanded its Visa membership into Asia‑Pacific, enhancing the reach of its global stablecoin‑based payment infrastructure and indicating further international scaling.
14) JP Morgan: JP Morgan has appointed Rahul Badhwar as Senior Country Officer for India, according to an internal announcement, marking an important leadership change for its India operations
Bulk & Block Deals
Rashi Peripherals
ICICI Prudential Mutual Fund offloaded 8.62 lakh shares (1.3% stake) in Rashi Peripherals at Rs 345.09 per share, totaling Rs 29.78 crore. Meanwhile, L7 Securities purchased 8.16 lakh shares (1.23% stake) at a similar price, indicating a near‑equivalent stake transfer between institutional participants.
Jupiter Infomedia
Promoter Umesh Modi sold 4 lakh shares (3.99% stake) in Jupiter Infomedia for Rs 2.02 crore at Rs 50.5 per share. The stake was absorbed by Shivaan Capitalnest Advisors and Daizy Wealthedge Advisors, who together acquired an equivalent 4.02 lakh shares at similar prices.
Jindal Poly Films
Investor Seetha Kumari reduced her holding by selling 10.54 lakh shares (2.4% stake) in Jindal Poly Films for Rs 93.6 crore at Rs 888 per share. The stake was acquired by Subham Buildwell, Monet Securities, and Subham Capital through a block deal transaction.
Raajmarg Infra Investment Trust
HDFC Mutual Fund acquired 35.08 lakh units of Raajmarg Infra InvIT at Rs 106.35 per unit, worth Rs 37.31 crore. In contrast, Morgan Stanley Asia Singapore exited a larger position, selling 73.15 lakh units at Rs 106.44 per unit for Rs 77.86 crore.
IPO Listings
SME Listing
Novus Loyalty
On‑going IPO
Last Date 25‑Mar
Tipco Engineering India Ltd (BSE SME)
Last Date 27‑Mar
Powerica Ltd
Amir Chand Jagdish Kumar (Exports) Ltd
Sai Parenterals Ltd
Highness Microelectronics Ltd (BSE SME)
Last Date 30‑Mar
Vivid Electromech Ltd (NSE SME)
Upcoming IPO
27‑Mar to 08‑Apr
Emiac Technologies Ltd (BSE SME)
Securities Trading Ex‑Dividend on March 25, 2026
Gujarat Intrux Ltd
Securities Trading Ex‑Right Issue on March 25, 2026
Regal Entertainment & Consultants Ltd
Securities Trading Ex‑Stock Split on March 25, 2026
Manbro Industries Ltd (From Rs.10 to Re.1), V2 Retail Ltd (From Rs.10 to Re.1)
Securities Trading Ex‑Income Distribution (InvIT) on March 25, 2026
Digital Fibre Infrastructure Trust, Intelligent Supply Chain Infrastructure Trust
Securities Under F&O Ban on March 25, 2026
SAMMAANCAP, SAIL
Source: WOWNEWS24X7, Moneycontrol, Investing.com
