Today's Market at 08:40am:
US Market (Futures)
Nasdaq = +5.80
Dow Jones = +7.10
S&P 500 = +1.10
European (Futures)
Ftse 100 = -4.90
Cac 40 = -7.50
Dax = -58.50
Asian
Nikkei 225 = -390.79
ASX 200 = -46.50
Straits Times = +16.08
Hang Seng = +299.68
KOSPI = -25.25
Taiwan weighted = -300.77
Shanghai (SSE) = +13.13
Gift Nifty = 23516.50 (-13.50)
FII and DII Trading Activity for March 26, 2025 in Cash market:
FIIs: Net Buy of ₹2240.55 crore
DIIs: Net Sell of ₹696.37 crore
Summary of Key Business Developments:
Wipro : Secured a £500 million, 10-year deal with Phoenix Group for life and pension business administration.
JB Chemicals : Promoter likely to sell a 10.2% stake via block deals for Rs 2,576 crore.
Max Financial : Promoter entity may sell a 1.59% stake via block deals for Rs 611.6 crore.
UPL : Alpha Wave Ventures invested $100 million in Advanta Enterprises, later buying an 8.93% stake for $250 million.
TVS Supply Chain Solutions : Investing Rs 250 crore in its overseas subsidiaries.
imken India : CFO transition with Sujit Kumar Pattanaik replacing Avishrant Keshava.
Torrent Power : Sold shares of 10 subsidiaries worth Rs 474.26 crore to its subsidiary Torrent Green Energy.
Indian Hotels : Infused $9 million into its Netherlands subsidiary for further investment in the U.S.
Restaurant Brands Asia: Raised Rs 500 crore via Qualified Institutional Placement.
Bharat Forge : Signed Rs 6,900 crore defence contracts for artillery and towing vehicles.
Sterlite Technologies : Partnering with Wyre for a fibre-to-home network in Belgium.
NBCC : Signed an MoU for projects worth Rs 25,000 crore over 3-5 years.
BSE : Board meeting scheduled to consider issuing bonus shares.
IRM Energy : Signed a 5-year RLNG supply deal with Shell Energy India.
Ashok Leyland : Step-down subsidiary Switch Mobility may cease manufacturing at its UK facility.
Vedanta : Appointed Rajiv Kumar as CEO of its Aluminium Business.
NHPC : Completed trial run of a 200 MW unit in Himachal Pradesh.
MSTC : Declared a third interim dividend of Rs 4.50 per share.
Bank of India : Borrowed JPY 15 billion ($100 million) for overseas operations.
Rolta India : Declared a fraud by Bank of India, with an NPA of Rs 616.3 crore.
Aditya Birla Capital : Board meeting on March 31 to consider fund-raising via debt securities.
Macrotech Developers : Settled arbitration with Cowtown Infotech Services.
Bandhan Bank : Received a tax demand of Rs 119.38 crore from the IT Department.
HDFC Bank : RBI imposed a Rs 75 lakh penalty for KYC non-compliance.
Sunteck Realty : Investing $10-$20 million in its Dubai project via a subsidiary.
Hindustan Unilever : Appointed Rajneet Kohli as Executive Director, Foods.
Oracle Financial : Jane Murphy appointed as Chairperson; Sridhar Srinivasan retiring.
Piramal Enterprises : Invested Rs 600 crore in Piramal Finance via rights issue.
TVS Motor : Acquired an additional 30% stake in EBCO, making it a wholly owned subsidiary.
Bulk Deals:
National Highways Infra Trust
Axis Bank sold 1.71 crore units of National Highways Infra Trust at an average price of Rs 133.8 per unit, valued at Rs 229.8 crore.
Bajaj Hindusthan Sugar
Bajaj Holdings and Investment exited the company by selling its entire stake of 1.3 crore shares at an average price of Rs 19.63 per share, amounting to Rs 25.65 crore.
Meson Valves India
Emerging Giants Fund - Equity Opportunity bought 70,800 shares in the company at an average price of Rs 403.55 per share.
Block Deals:
Agro Tech Foods
Promoter entity CAG-Tech (Mauritius) bought 1.55 lakh shares in the company at an average price of Rs 797.8 per share, from Infinity Portfolio Holdings.
SME Listing on March 27:
Grand Continent Hotels
Stocks Trade Ex-Dividend:
Sundaram-Clayton, Authum Investment & Infrastructure, Bombay Burmah Trading Corporation, Naperol Investments
Stocks in F&O ban:
Hindustan Copper
Source: Moneycontrol, Investing.com, NSE
