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Global Markets Steady, India Sees FII Surge; Major Corporate Deals and Appointments Shape Business Landscape

Unknown Apr 02, 2026 500 Views

Today's Market at 08:20am US Market (Futures) Nasdaq = +32.70 Dow Jones = +37.50 S&P 500 = +6.90 European (Futures) Ftse 100 = -16.20 Cac 40 = +47.20 &n...

Today's Market at 08:20am

US Market (Futures)

Nasdaq = +32.70

Dow Jones = +37.50

S&P 500 = +6.90

European (Futures)

Ftse 100 = -16.20

Cac 40 = +47.20

Dax = +36.00

Asian

Nikkei 225 = +69.08

ASX 200 = +42.60

Straits Times = -10.40

Hang Seng = -246.95

KOSPI = +6.06

Taiwan weighted = -128.30

China A50 = -56.85

Gift Nifty = 23183.50 (+13.50)

FII and DII Trading Activity for March 20, 2025 in Cash market:

FIIs/FPIs: Net Buy of ₹3239.14 crore

DIIs: Net Sell of ₹3136.02 crore

Key Business Updates Summary:

1. Manappuram Finance: Bain Capital will invest ₹4,385 crore for an 18% stake through preferential allotment at ₹236 per share. Post-open offer, its stake could rise to 41.7%, while promoters will hold 28.9%.

2. Hindustan Unilever: Approved a 14.3% stake acquisition in Lucro Plastecycle to enhance plastic recycling capabilities.

3. Hero MotoCorp: Investing ₹525 crore for a 32.5% stake in Euler Motors to enter the electric three-wheeler market.

4. Hindalco: Plans to invest ₹45,000 crore in aluminium, copper, and specialty alumina businesses.

5. Glenmark Pharma: Received US FDA approval for Olopatadine Ophthalmic Solution for allergic conjunctivitis.

6. TCS: Partnered with The Cumberland Building Society, UK, to modernize its core banking using TCS BaNCSTM.

7. RailTel: Secured a ₹16.89 crore order from the Ministry of Defence for OFC laying.

8. Lloyds Metals: Received environmental clearance for a 1.2 MTPA wire rod project and a 4.0 MTPA pellet plant in Maharashtra.

9. CG Power: Entered the air coolers market with its JetChill technology.

10. Unichem Labs: Completed Phase I capacity expansion of its API plant at Pithampur, investing ₹200 crore.

11. CDSL: Subsidiary Centrico signed an agreement with LIC for insurance repository services.

12. Piramal Pharma: Secured UK MHRA approval for Neoatricon, with commercialization rights in the EU, UK, and Norway.

13. PFC: PFC Consulting transferred Mundra I Transmission to Adani Energy for green hydrogen/ammonia supply.

14.Asian Paints:. Divested its Indonesia operations to Berger Paints Singapore for SGD 6.8 million (₹44 crore).

15. Container Corporation: Ordered 10 BLSS wagons from GATX India for ₹192 crore on a 10-year lease.

16. Zomato: Renamed as Eternal Limited effective March 20.

17. Endurance Technologies: Italian subsidiary EOSpA bought back 5% equity from Endurance GmbH for €8.5 million.

18. TVS Motor: Appointed Peyman Kargar as Head of International Business and declared a ₹10 interim dividend.

19. JSW Energy: Issued 80,000 NCDs worth ₹800 crore in two tranches.

21. IndusInd Bank: The Bank has appointed an independent firm to investigate discrepancies in its derivatives portfolio, raising concerns about potential accounting issues.

22. Rail Vikas Nigam Limited: RVNL has received a Letter of Acceptance from the National Highways Authority of India (NHAI) for a 6-lane access-controlled connectivity project to Visakhapatnam Port Road. The project cost is Rs. 554.64 crores (Excl. GST). It will be executed under the Hybrid Annuity Mode (HAM) in Andhra Pradesh.

23. Ola Electric: The company clears 40% of the February backlog with plans to clear the rest by end of March 2025. Daily vehicles registrations have jumped to 1500, almost double the average sales of 800 vehicles per day.

24. Bajaj Finance: The company promoted Rajeev Jain to Vice Chairman and appointed Anup Kumar Shaha as Managing Director.

25. Jio Financial Services: JIOFIN has partnered with Germany's Allianz SE to launch an insurance venture in India.

Bulk Deals:

National Highways Infra Trust: Vidyaniti LLP bought 3.74 crore units, L&T acquired 2.24 crore units, while SBI MF sold 6.1 crore units at ₹133.5 per unit.

Stocks Trade Ex-Dividend:

NMDC, CG Power and Industrial Solutions, Indian Railway Finance Corporation, AccelerateBS India

Stocks Trade Ex-Bonus:

Greenlam Industries, Gamco, Roni Households

Stocks Trade Ex-Date for Split:

Last Mile Enterprises, Optimus Finance, Shukra Pharmaceuticals, Softrak Venture Investment

Stock Trades Ex-Date for Resolution Plan Suspension:

Rathi Graphic Technologies

Stocks in F&O ban:

Manappuram Finance, Polycab India, Hindustan Copper, IndusInd Bank and SAIL

Source: Moneycontrol, Investing.com, NSE India

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