Morning Alert..
*Govt plans to switch ₹25,000 crore bonds through auction on Monday*
The government plans to conduct a ₹25,000 crore switch auction of dated securities to smoothen its redemption profile and ease supply pressure in the bond market, the Reserve Bank of India said in a release on Tuesday. Last week, a ₹75,500 crore switch was conducted. The aim of these operations is to bring down the gross borrowing number for FY27, which stands at ₹17.2 trillion as announced in the Union Budget. The auction, scheduled for February 23, will convert a basket of government bonds maturing in 2026-27 into longer-tenor papers ranging from 2032 to 2062. The securities proposed to be switched include the 6.97 per cent GS 2026, 5.74 per cent GS 2026, 8.15 per cent GS 2026 and 8.24 per cent GS 2027. These will be exchanged for papers such as the 8.32 per cent GS 2032, 7.5 per cent GS 2034, 7.62 per cent GS 2039, 6.57 per cent GS 2033 and the ultra-long 7.40 per cent GS 2062. The operation will follow a multiple-price format, under which successful bidders will receive allotment at their quoted prices.
*Global market action*
Dow Jones – Up by 0.00% or 1.24 points
FTSE – Up by 0.78% or 82.48 points
CAC – Up by 0.54% or 44.96 points
DAX – Up by 0.79% or 197.49 points
Gift Nifty – Up by 0.19% or 48.00 points
*FII/DII activities*
FII – Bought 995.21Cr worth of shares
DII – Bought 187.04Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.5x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
APL Apollo Tubes Ltd – 80.1%
Apollo Hospitals Enterprise Ltd – 76.8%
*Primary market activities*
IPO opening today
Yashhtej Industries India Ltd (BSE SME) – Issue size 88.88Cr
*Commodities updates*
Gold – Rs 151415/10gm, Silver – Rs 228563/kg, Brcrude – Rs 5641/barrel, Copper – Rs 1150.60/kg.
*Govt plans to switch ₹25,000 crore bonds through auction on Monday*
The government plans to conduct a ₹25,000 crore switch auction of dated securities to smoothen its redemption profile and ease supply pressure in the bond market, the Reserve Bank of India said in a release on Tuesday. Last week, a ₹75,500 crore switch was conducted. The aim of these operations is to bring down the gross borrowing number for FY27, which stands at ₹17.2 trillion as announced in the Union Budget. The auction, scheduled for February 23, will convert a basket of government bonds maturing in 2026-27 into longer-tenor papers ranging from 2032 to 2062. The securities proposed to be switched include the 6.97 per cent GS 2026, 5.74 per cent GS 2026, 8.15 per cent GS 2026 and 8.24 per cent GS 2027. These will be exchanged for papers such as the 8.32 per cent GS 2032, 7.5 per cent GS 2034, 7.62 per cent GS 2039, 6.57 per cent GS 2033 and the ultra-long 7.40 per cent GS 2062. The operation will follow a multiple-price format, under which successful bidders will receive allotment at their quoted prices.
*Global market action*
Dow Jones – Up by 0.00% or 1.24 points
FTSE – Up by 0.78% or 82.48 points
CAC – Up by 0.54% or 44.96 points
DAX – Up by 0.79% or 197.49 points
Gift Nifty – Up by 0.19% or 48.00 points
*FII/DII activities*
FII – Bought 995.21Cr worth of shares
DII – Bought 187.04Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.5x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
APL Apollo Tubes Ltd – 80.1%
Apollo Hospitals Enterprise Ltd – 76.8%
*Primary market activities*
IPO opening today
Yashhtej Industries India Ltd (BSE SME) – Issue size 88.88Cr
*Commodities updates*
Gold – Rs 151415/10gm, Silver – Rs 228563/kg, Brcrude – Rs 5641/barrel, Copper – Rs 1150.60/kg.
Morning Alert..
*Data centres to subsea cables: India draws mega AI infra bets on Day 3*
Tech majors took centre stage on day three of the AI Impact Summit in New Delhi with their announcements on infrastructure scale-up, cross-border partnerships and capital commitments complementing the Global South narrative. From Microsoft to Nvidia and Google, the message was about AI infrastructure powering India’s growth while positioning the country at the epicenter of the next phase of AI expansion. American software major Microsoft on Wednesday reaffirmed its commitment to invest $50 billion by the end of the decade to expand artificial intelligence (AI) infrastructure and capabilities across countries in the Global South. Mountain View (California)-headquartered Google announced a new subsea cable route that would increase the AI connectivity between the US, India and multiple locations across the southern hemisphere. Larsen & Toubro and Santa Clara-based Nvidia spoke about building a gigawatt-scale AI factory, signalling ambitions to create one of the largest AI compute backbones in the region. Back home, Yotta Data Services plans to invest an additional $4 billion this year to order another 40,000 graphic processing units from Nvidia.
*Global market action*
Dow Jones – Up by 0.03% or 14.61 points
FTSE – Up by 1.22% or 130.01 points
CAC – Up by 0.80% or 67.57 points
DAX – Up by 1.11% or 279.81 points
Gift Nifty – Up by 0.21% or 54.00 points
*FII/DII activities*
FII – Bought 1154.34Cr worth of shares
DII – Bought 440.34Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.6x
Nifty Bank – 16.6x
*Stocks with high delivery percentage*
Pidilite Industries Ltd – 88%
Sumitomo Chemical India Ltd – 81.1%
Ajanta Pharma Ltd – 78.5%
ICICI Prudential Life Insurance Co. Ltd – 76.9%
Brigade Enterprises Ltd – 76.4%
*Primary market activities*
Listing today
Marushikha Technologies Ltd (NSE SME) – Subscribed 17.94x
*Commodities updates*
Gold – Rs 155930/10gm, Silver – Rs 244900/kg, Brcrude – Rs 5908/barrel, Copper – Rs 1182.85/kg.
*Data centres to subsea cables: India draws mega AI infra bets on Day 3*
Tech majors took centre stage on day three of the AI Impact Summit in New Delhi with their announcements on infrastructure scale-up, cross-border partnerships and capital commitments complementing the Global South narrative. From Microsoft to Nvidia and Google, the message was about AI infrastructure powering India’s growth while positioning the country at the epicenter of the next phase of AI expansion. American software major Microsoft on Wednesday reaffirmed its commitment to invest $50 billion by the end of the decade to expand artificial intelligence (AI) infrastructure and capabilities across countries in the Global South. Mountain View (California)-headquartered Google announced a new subsea cable route that would increase the AI connectivity between the US, India and multiple locations across the southern hemisphere. Larsen & Toubro and Santa Clara-based Nvidia spoke about building a gigawatt-scale AI factory, signalling ambitions to create one of the largest AI compute backbones in the region. Back home, Yotta Data Services plans to invest an additional $4 billion this year to order another 40,000 graphic processing units from Nvidia.
*Global market action*
Dow Jones – Up by 0.03% or 14.61 points
FTSE – Up by 1.22% or 130.01 points
CAC – Up by 0.80% or 67.57 points
DAX – Up by 1.11% or 279.81 points
Gift Nifty – Up by 0.21% or 54.00 points
*FII/DII activities*
FII – Bought 1154.34Cr worth of shares
DII – Bought 440.34Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.6x
Nifty Bank – 16.6x
*Stocks with high delivery percentage*
Pidilite Industries Ltd – 88%
Sumitomo Chemical India Ltd – 81.1%
Ajanta Pharma Ltd – 78.5%
ICICI Prudential Life Insurance Co. Ltd – 76.9%
Brigade Enterprises Ltd – 76.4%
*Primary market activities*
Listing today
Marushikha Technologies Ltd (NSE SME) – Subscribed 17.94x
*Commodities updates*
Gold – Rs 155930/10gm, Silver – Rs 244900/kg, Brcrude – Rs 5908/barrel, Copper – Rs 1182.85/kg.
Morning Alert..
*Iran concerns jolt markets; Sensex, Nifty see worst day since Budget*
Indian equities slumped on Thursday, with the benchmark Sensex and Nifty logging their sharpest single-day fall since the Union Budget, as fears of potential US intervention in Iran and its implications for global oil supplies unnerved investors. Heightened geopolitical uncertainty and its possible impact on foreign portfolio investor (FPI) flows further weighed on sentiment. The Sensex closed at 82,498, down 1,236 points, or 1.5 per cent, while the Nifty ended at 25,454, shedding 365 points, or 1.4 per cent. For both indices, Thursday’s decline was the steepest since February 1. The total market capitalisation of BSE-listed companies fell by ₹6.8 trillion to ₹465 trillion. Investor anxiety has intensified amid concerns that escalating tensions between the US and Iran could push up inflation by disrupting oil supplies. Brent crude traded at $71 per barrel on Thursday, its highest level since August 1, 2025. Prices have risen nearly 5 per cent over the past two sessions following reports that US intervention in Iran could occur sooner than expected. Higher crude prices pose a challenge for India, which imports the bulk of its oil requirements. Iran’s state media reported that the country briefly shut the Strait of Hormuz on Tuesday, a critical passage through which nearly a fifth of global oil supply flows. Any prolonged disruption could also complicate the US Federal Reserve’s monetary policy outlook. Minutes of the Fed’s January 27-28 meeting showed several officials flagging the possibility that interest rates may need to be raised.
*Global market action*
Dow Jones – Up by 0.10% or 48.38 points
FTSE – Down by 0.56% or 59.14 points
CAC – Down by 0.36% or 30.25 points
DAX – Down by 0.94% or 234.64 points
Gift Nifty – Up by 0.09% or 22.00 points
*FII/DII activities*
FII – Sold 880.49Cr worth of shares
DII – Sold 596.28Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.3x
Nifty Bank – 16.4x
*Stocks with high delivery percentage*
Chalet Hotels Ltd – 86.5%
Endurance Technologies Ltd – 79.9%
Bajaj Finance Ltd – 79.2%
Abbott India Ltd – 78.9%
Aptus Value Housing Finance India Ltd – 77.4%
*Primary market activities*
IPOs opening today
Gaudiam IVF and women health Ltd (Main board) – Issue size 165Cr
Manilam Industries India Ltd (NSE SME) – Issue size 39.95Cr
*Commodities updates*
Gold – Rs 154963/10gm, Silver – Rs 241564/kg, Brcrude – Rs 6075/barrel, Copper – Rs 1159.05/kg.
*Iran concerns jolt markets; Sensex, Nifty see worst day since Budget*
Indian equities slumped on Thursday, with the benchmark Sensex and Nifty logging their sharpest single-day fall since the Union Budget, as fears of potential US intervention in Iran and its implications for global oil supplies unnerved investors. Heightened geopolitical uncertainty and its possible impact on foreign portfolio investor (FPI) flows further weighed on sentiment. The Sensex closed at 82,498, down 1,236 points, or 1.5 per cent, while the Nifty ended at 25,454, shedding 365 points, or 1.4 per cent. For both indices, Thursday’s decline was the steepest since February 1. The total market capitalisation of BSE-listed companies fell by ₹6.8 trillion to ₹465 trillion. Investor anxiety has intensified amid concerns that escalating tensions between the US and Iran could push up inflation by disrupting oil supplies. Brent crude traded at $71 per barrel on Thursday, its highest level since August 1, 2025. Prices have risen nearly 5 per cent over the past two sessions following reports that US intervention in Iran could occur sooner than expected. Higher crude prices pose a challenge for India, which imports the bulk of its oil requirements. Iran’s state media reported that the country briefly shut the Strait of Hormuz on Tuesday, a critical passage through which nearly a fifth of global oil supply flows. Any prolonged disruption could also complicate the US Federal Reserve’s monetary policy outlook. Minutes of the Fed’s January 27-28 meeting showed several officials flagging the possibility that interest rates may need to be raised.
*Global market action*
Dow Jones – Up by 0.10% or 48.38 points
FTSE – Down by 0.56% or 59.14 points
CAC – Down by 0.36% or 30.25 points
DAX – Down by 0.94% or 234.64 points
Gift Nifty – Up by 0.09% or 22.00 points
*FII/DII activities*
FII – Sold 880.49Cr worth of shares
DII – Sold 596.28Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.3x
Nifty Bank – 16.4x
*Stocks with high delivery percentage*
Chalet Hotels Ltd – 86.5%
Endurance Technologies Ltd – 79.9%
Bajaj Finance Ltd – 79.2%
Abbott India Ltd – 78.9%
Aptus Value Housing Finance India Ltd – 77.4%
*Primary market activities*
IPOs opening today
Gaudiam IVF and women health Ltd (Main board) – Issue size 165Cr
Manilam Industries India Ltd (NSE SME) – Issue size 39.95Cr
*Commodities updates*
Gold – Rs 154963/10gm, Silver – Rs 241564/kg, Brcrude – Rs 6075/barrel, Copper – Rs 1159.05/kg.
Morning Alert..
*India, US postpone trade deal talks after Donald Trump tariff verdict*
A team headed by India’s chief trade negotiator for the US, Darpan Jain, has postponed the visit to Washington DC amid the uncertainty surrounding the tariff situation following the Supreme Court judgment. The team was scheduled to travel on Sunday for three-day talks to finalise the legal text for the negotiated interim trade deal. “The two sides are of the view that the proposed visit of the Indian chief negotiator and the team be scheduled after each side has had the time to evaluate the latest developments and its implications. The meeting will be rescheduled at a mutually convenient date,” sources in the commerce ministry said. “Our countries continue to work towards signing the bilateral trade deal,” the US Embassy spokesperson said in response to Business Standard queries. After the US Supreme Court revoked President Donald Trump’s authority to use the International Emergency Economic Powers Act (IEEPA) for imposing country-specific “reciprocal” tariffs on Friday, Trump imposed a blanket 10 per cent surcharge on all countries for 150 days, vowing to raise it to the permissible ceiling of 15 per cent under Section 122 of the Trade Act. Trump also ordered new investigations under other laws that could allow him to reimpose the tariffs.
*Global market action*
Dow Jones – Down by 0.62% or 305.90 points
FTSE – Up by 0.56% or 59.85 points
CAC – Up by 1.37% or 116.71 points
DAX – Up by 0.86% or 217.12 points
Gift Nifty – Up by 0.74% or 188.50 points
*FII/DII activities*
FII – Sold 934.61Cr worth of shares
DII – Bought 2637.15Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.4x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
ZF Commercial Vehicle Control Systems India Ltd – 86.7%
CCL Products India Ltd – 86.1%
Atul Ltd – 83.1%
AIA Engineering Ltd- 81.4%
*Primary market activities*
IPOs opening today
Accord Transformer & Switchgear Ltd (BSE SME) – Issue size 25.59Cr
Mobilise App Lab Ltd (NSE SME) - Issue size 20.10Cr
Clear Max Enviro Energy Solutions Ltd (Main board) - Issue size 3100Cr
Shree Ram Twistex Ltd (Main board) -Issue size 110.24Cr
Kiaasa Retail Ltd (BSE SME) – Issue size 69.72Cr
*Commodities updates*
Gold – Rs 156810/10gm, Silver – Rs 252989/kg, Brcrude – Rs 6058/barrel, Copper – Rs 1167.80/kg.
*India, US postpone trade deal talks after Donald Trump tariff verdict*
A team headed by India’s chief trade negotiator for the US, Darpan Jain, has postponed the visit to Washington DC amid the uncertainty surrounding the tariff situation following the Supreme Court judgment. The team was scheduled to travel on Sunday for three-day talks to finalise the legal text for the negotiated interim trade deal. “The two sides are of the view that the proposed visit of the Indian chief negotiator and the team be scheduled after each side has had the time to evaluate the latest developments and its implications. The meeting will be rescheduled at a mutually convenient date,” sources in the commerce ministry said. “Our countries continue to work towards signing the bilateral trade deal,” the US Embassy spokesperson said in response to Business Standard queries. After the US Supreme Court revoked President Donald Trump’s authority to use the International Emergency Economic Powers Act (IEEPA) for imposing country-specific “reciprocal” tariffs on Friday, Trump imposed a blanket 10 per cent surcharge on all countries for 150 days, vowing to raise it to the permissible ceiling of 15 per cent under Section 122 of the Trade Act. Trump also ordered new investigations under other laws that could allow him to reimpose the tariffs.
*Global market action*
Dow Jones – Down by 0.62% or 305.90 points
FTSE – Up by 0.56% or 59.85 points
CAC – Up by 1.37% or 116.71 points
DAX – Up by 0.86% or 217.12 points
Gift Nifty – Up by 0.74% or 188.50 points
*FII/DII activities*
FII – Sold 934.61Cr worth of shares
DII – Bought 2637.15Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.4x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
ZF Commercial Vehicle Control Systems India Ltd – 86.7%
CCL Products India Ltd – 86.1%
Atul Ltd – 83.1%
AIA Engineering Ltd- 81.4%
*Primary market activities*
IPOs opening today
Accord Transformer & Switchgear Ltd (BSE SME) – Issue size 25.59Cr
Mobilise App Lab Ltd (NSE SME) - Issue size 20.10Cr
Clear Max Enviro Energy Solutions Ltd (Main board) - Issue size 3100Cr
Shree Ram Twistex Ltd (Main board) -Issue size 110.24Cr
Kiaasa Retail Ltd (BSE SME) – Issue size 69.72Cr
*Commodities updates*
Gold – Rs 156810/10gm, Silver – Rs 252989/kg, Brcrude – Rs 6058/barrel, Copper – Rs 1167.80/kg.
Morning Alert..
*NMP 2.0 for FY26-30 launched: Govt aims ₹16.7 trn from asset monetization*
Finance Minister Nirmala Sitharaman on Monday unveiled the second phase of the National Monetization Pipeline (NMP 2.0), valued at ₹16.72 trillion, to plough back capital from assets of central ministries and public-sector entities between FY26 and FY30. The FM said the NMP enables the recycling of productive public assets, thereby unlocking resources for reinvestment in new projects and capital expenditure. She noted that this approach facilitates the efficient mobilisation of funds for capex in public assets while minimising the government’s budgetary outgo. Dominated by highways, power, ports, and railway projects, NMP 2.0 will bring private participation in over 2,000 assets across public enterprises at the Centre and in the states, B V R Subrahmanyam, chief executive officer of NITI Aayog, said at a media interaction on Monday. For the first time, the NMP 2.0 estimate includes private investment of ₹5.8 trillion over five years, the Aayog said. This head will record private-sector investment in monetization projects that involve construction and/or major maintenance components. It is estimated that the largest portion of the proceeds under NMP 2.0 will accrue to the Consolidated Fund of India (43 per cent), followed by direct private investment (39 per cent), PSU or Port Authority allocation (15 per cent), and the State Consolidated Fund (4 per cent).
*Global market action*
Dow Jones – Up by 0.20% or 95.54 points
FTSE – Down by 0.02% or 2.15 points
CAC – Down by 0.22% or 18.32 points
DAX – Down by 1.08% or 268.72 points
Gift Nifty – Down by 0.45% or 115.00 points
*FII/DII activities*
FII – Bought 3483.70Cr worth of shares
DII – Sold 1292.24Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.5x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Aadhar Housing Finance Ltd – 88.3%
Atul Ltd – 87.7%
Medplus Health Services Ltd – 83.7%
Balkrishna Industries Ltd – 79.3%
Carborundum Universal Ltd – 78.5%
*Primary market activities*
IPO opening today
PNGS Reva Diamond Jewellery Ltd (Main board) – Issue size 380Cr
Listing today
Fractal Industries Ltd (BSE SME) – Subscribed 5.44x
*Commodities updates*
Gold – Rs 161550/10gm, Silver – Rs 265279/kg, Brcrude – Rs 6046/barrel, Copper – Rs 1168/kg.
*NMP 2.0 for FY26-30 launched: Govt aims ₹16.7 trn from asset monetization*
Finance Minister Nirmala Sitharaman on Monday unveiled the second phase of the National Monetization Pipeline (NMP 2.0), valued at ₹16.72 trillion, to plough back capital from assets of central ministries and public-sector entities between FY26 and FY30. The FM said the NMP enables the recycling of productive public assets, thereby unlocking resources for reinvestment in new projects and capital expenditure. She noted that this approach facilitates the efficient mobilisation of funds for capex in public assets while minimising the government’s budgetary outgo. Dominated by highways, power, ports, and railway projects, NMP 2.0 will bring private participation in over 2,000 assets across public enterprises at the Centre and in the states, B V R Subrahmanyam, chief executive officer of NITI Aayog, said at a media interaction on Monday. For the first time, the NMP 2.0 estimate includes private investment of ₹5.8 trillion over five years, the Aayog said. This head will record private-sector investment in monetization projects that involve construction and/or major maintenance components. It is estimated that the largest portion of the proceeds under NMP 2.0 will accrue to the Consolidated Fund of India (43 per cent), followed by direct private investment (39 per cent), PSU or Port Authority allocation (15 per cent), and the State Consolidated Fund (4 per cent).
*Global market action*
Dow Jones – Up by 0.20% or 95.54 points
FTSE – Down by 0.02% or 2.15 points
CAC – Down by 0.22% or 18.32 points
DAX – Down by 1.08% or 268.72 points
Gift Nifty – Down by 0.45% or 115.00 points
*FII/DII activities*
FII – Bought 3483.70Cr worth of shares
DII – Sold 1292.24Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.5x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Aadhar Housing Finance Ltd – 88.3%
Atul Ltd – 87.7%
Medplus Health Services Ltd – 83.7%
Balkrishna Industries Ltd – 79.3%
Carborundum Universal Ltd – 78.5%
*Primary market activities*
IPO opening today
PNGS Reva Diamond Jewellery Ltd (Main board) – Issue size 380Cr
Listing today
Fractal Industries Ltd (BSE SME) – Subscribed 5.44x
*Commodities updates*
Gold – Rs 161550/10gm, Silver – Rs 265279/kg, Brcrude – Rs 6046/barrel, Copper – Rs 1168/kg.
Morning Alert..
*Cabinet clears higher equity limit for Powergrid to boost transmission push*
The Cabinet Committee on Economic Affairs on Tuesday approved an enhanced permissible equity investment limit for Powergrid Corporation from the current threshold of Rs 5,000 crore per subsidiary to Rs 7,500 crore per subsidiary, while retaining the existing cap of 15 per cent of the company's net worth. The approval will enable the company, the largest transmission service provider, to expand its investment in its core business and support the evacuation of renewable energy capacity. It will help achieve the target of 500 GW from non-fossil-based sources, the government said in a statement. Additionally, Powergrid can now participate in bids for capital-intensive transmission projects, such as Ultra High Voltage Alternating Current (UHVAC) and High Voltage Direct Current (HVDC) transmission networks. The government said the move will broaden competition in the tariff-based competitive bidding (TBCB) for selection of bidders for critical transmission projects. It will ensure better price discovery and ultimately lead to the availability of affordable and clean energy for consumers.
*Global market action*
Dow Jones – Up by 0.07% or 35.97 points
FTSE – Down by 0.04% or 4.15 points
CAC – Up by 0.26% or 22.04 points
DAX – Down by 0.02% or 5.72 points
Gift Nifty – Up by 0.28% or 70.50 points
*FII/DII activities*
FII – Sold 102.53Cr worth of shares
DII – Bought 3161.22Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.2x
Nifty Bank – 16.4x
*Stocks with high delivery percentage*
Atul Ltd – 89.2%
Balkrishna Industrie Ltd – 88.7%
P&G Hygiene & Health care Ltd – 84.7%
Sumitomo Chemical India Ltd – 83.3%
Sun TV Network Ltd – 79.4%
*Primary market activities*
IPOs opening today
Yaap Digital Ltd (NSE SME) – Issue size 80.11Cr
Omnitech Engineering Ltd (Main board) – Issue size 583Cr
Listing today
Yashhtej Industries India Ltd (BSE SME) – Subscribed 1.37x
*Commodities updates*
Gold – Rs 159952/10gm, Silver – Rs 260241/kg, Brcrude – Rs 6003/barrel, Copper – Rs 1177.60/kg.
*Cabinet clears higher equity limit for Powergrid to boost transmission push*
The Cabinet Committee on Economic Affairs on Tuesday approved an enhanced permissible equity investment limit for Powergrid Corporation from the current threshold of Rs 5,000 crore per subsidiary to Rs 7,500 crore per subsidiary, while retaining the existing cap of 15 per cent of the company's net worth. The approval will enable the company, the largest transmission service provider, to expand its investment in its core business and support the evacuation of renewable energy capacity. It will help achieve the target of 500 GW from non-fossil-based sources, the government said in a statement. Additionally, Powergrid can now participate in bids for capital-intensive transmission projects, such as Ultra High Voltage Alternating Current (UHVAC) and High Voltage Direct Current (HVDC) transmission networks. The government said the move will broaden competition in the tariff-based competitive bidding (TBCB) for selection of bidders for critical transmission projects. It will ensure better price discovery and ultimately lead to the availability of affordable and clean energy for consumers.
*Global market action*
Dow Jones – Up by 0.07% or 35.97 points
FTSE – Down by 0.04% or 4.15 points
CAC – Up by 0.26% or 22.04 points
DAX – Down by 0.02% or 5.72 points
Gift Nifty – Up by 0.28% or 70.50 points
*FII/DII activities*
FII – Sold 102.53Cr worth of shares
DII – Bought 3161.22Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.2x
Nifty Bank – 16.4x
*Stocks with high delivery percentage*
Atul Ltd – 89.2%
Balkrishna Industrie Ltd – 88.7%
P&G Hygiene & Health care Ltd – 84.7%
Sumitomo Chemical India Ltd – 83.3%
Sun TV Network Ltd – 79.4%
*Primary market activities*
IPOs opening today
Yaap Digital Ltd (NSE SME) – Issue size 80.11Cr
Omnitech Engineering Ltd (Main board) – Issue size 583Cr
Listing today
Yashhtej Industries India Ltd (BSE SME) – Subscribed 1.37x
*Commodities updates*
Gold – Rs 159952/10gm, Silver – Rs 260241/kg, Brcrude – Rs 6003/barrel, Copper – Rs 1177.60/kg.
Morning Alert..
*Infra recovery could accelerate NBFC growth after strong Q3 trends*
Non banking financial companies saw positive trends in the third quarter of fiscal 2026 (Q3FY26). Apart from improved portfolio quality, there is margin expansion in this stage of the cycle, as lower rates are translating into lower bond yields and hence, into lower cost of financing. There has been significant asset under management (AUM) growth, and rural loans are doing better, given agricultural rebounds. This comes as there has been a slowdown in infrastructure-dependent segments, which gels with muted award activity and long payment cycles in infrastructure. Rural-focused companies with affordable housing exposures, or tractor loans among others could be beneficiaries. Most asset classes have reported better growth, but infrastructure as mentioned above has seen a relative slowdown and small-ticket secured Micro, Small and Medium Enterprises (MSME) loans are continuing to see higher credit costs. Overall, credit costs dropped significantly across most sectors on a sequential basis. Large players such as Bajaj Finance may be moving from chasing volumes in high risk unsecured segments to risk-adjusted growth strategies, running programs with enhanced loss given default (LGD) parameters to filter out high risk segments.
*Global market action*
Dow Jones – Down by 0.08% or 42.40 points
FTSE – Up by 1.16% or 125.82 points
CAC – Up by 0.47% or 39.86 points
DAX – Up by 0.75% or 189.69 points
Gift Nifty – Up by 0.19% or 47.50 points
*FII/DII activities*
FII – Bought 2991.64Cr worth of shares
DII – Bought 5118.57Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.3x
Nifty Bank – 16.4x
*Stocks with high delivery percentage*
Aditya Birla Lifestyle Brands Ltd – 80.5%
UBL - 78%
Triveni Turbine Ltd – 77.1%
Axis Bank Ltd – 75.7%
DOMS Industries Ltd – 75.4%
*Primary market activities*
IPO opening today
Yaap Digital Ltd (NSE SME) – Issue size 36.29Cr
*Commodities updates*
Gold – Rs 161145/10gm, Silver – Rs 268654/kg, Brcrude – Rs 5971/barrel, Copper – Rs 1205.90/kg.
*Infra recovery could accelerate NBFC growth after strong Q3 trends*
Non banking financial companies saw positive trends in the third quarter of fiscal 2026 (Q3FY26). Apart from improved portfolio quality, there is margin expansion in this stage of the cycle, as lower rates are translating into lower bond yields and hence, into lower cost of financing. There has been significant asset under management (AUM) growth, and rural loans are doing better, given agricultural rebounds. This comes as there has been a slowdown in infrastructure-dependent segments, which gels with muted award activity and long payment cycles in infrastructure. Rural-focused companies with affordable housing exposures, or tractor loans among others could be beneficiaries. Most asset classes have reported better growth, but infrastructure as mentioned above has seen a relative slowdown and small-ticket secured Micro, Small and Medium Enterprises (MSME) loans are continuing to see higher credit costs. Overall, credit costs dropped significantly across most sectors on a sequential basis. Large players such as Bajaj Finance may be moving from chasing volumes in high risk unsecured segments to risk-adjusted growth strategies, running programs with enhanced loss given default (LGD) parameters to filter out high risk segments.
*Global market action*
Dow Jones – Down by 0.08% or 42.40 points
FTSE – Up by 1.16% or 125.82 points
CAC – Up by 0.47% or 39.86 points
DAX – Up by 0.75% or 189.69 points
Gift Nifty – Up by 0.19% or 47.50 points
*FII/DII activities*
FII – Bought 2991.64Cr worth of shares
DII – Bought 5118.57Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.3x
Nifty Bank – 16.4x
*Stocks with high delivery percentage*
Aditya Birla Lifestyle Brands Ltd – 80.5%
UBL - 78%
Triveni Turbine Ltd – 77.1%
Axis Bank Ltd – 75.7%
DOMS Industries Ltd – 75.4%
*Primary market activities*
IPO opening today
Yaap Digital Ltd (NSE SME) – Issue size 36.29Cr
*Commodities updates*
Gold – Rs 161145/10gm, Silver – Rs 268654/kg, Brcrude – Rs 5971/barrel, Copper – Rs 1205.90/kg.
Morning Alert..
*New smartphone PLI scheme may be linked to domestic value addition*
The government is considering a proposal to continue supporting smartphone production in the country through a revamped production-linked incentive (PLI) scheme after the existing one ends on March 31. This time, however, financial incentives will be linked to domestic value-addition targets as a key criterion. Under the current scheme, incentives are linked to companies meeting targets for incremental investment and incremental production value committed in each of the five years. The government also monitors exports, value addition, and direct employment achieved by eligible players, but these were not mandatory for receiving the 4-6 per cent financial incentive under the scheme. A senior official in the Ministry of Electronics and Information Technology said, “We will continue to support mobile manufacturing in India, which has seen strong growth in exports. But this time we are looking at linking the incentive to value addition.” The official added that the government has already launched a large electronics component manufacturing scheme to incentivise and help build a local component supply chain. “We expect that in many areas of electronic components, India will not only be self-sufficient but will also become a major exporter,” he said. Under the existing five-year PLI scheme, announced in 2020, the government had expected domestic value addition in smartphones manufactured in India to rise from 15-20 per cent at the time of launch to 35-40 per cent by the end of 2025-26.
*Global market action*
Dow Jones – Up by 0.03% or 17.05 points
FTSE – Up by 0.37% or 40.29 points
CAC – Up by 0.72% or 61.86 points
DAX – Up by 0.45% or 113.08 points
Gift Nifty – Down by 0.45% or 115.00 points
*FII/DII activities*
FII – Bought 3465.99Cr worth of shares
DII – Bought 5031.57Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.3x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Aavas Financier Ltd – 92.1%
Home First Finance Company Ltd – 83.9%
IPCA Labs Ltd – 81.2%
Vedant Fashion Ltd – 79.3%
Bikaji Foods International Ltd – 78.9%
*Primary market activities*
IPO opening today
Acetech E-Commerce Ltd (NSE SME) – Issue size 48.95Cr
Listing today
Manilam Industries India Ltd (NSE SME) – Subscribed 6.25x
Gaudium IVF & Women Health Ltd (Main board) – Subscribed 7.27x
*Commodities updates*
Gold – Rs 159669/10gm, Silver – Rs 259653/kg, Brcrude – Rs 6053/barrel, Copper – Rs 1202.30/kg.
*New smartphone PLI scheme may be linked to domestic value addition*
The government is considering a proposal to continue supporting smartphone production in the country through a revamped production-linked incentive (PLI) scheme after the existing one ends on March 31. This time, however, financial incentives will be linked to domestic value-addition targets as a key criterion. Under the current scheme, incentives are linked to companies meeting targets for incremental investment and incremental production value committed in each of the five years. The government also monitors exports, value addition, and direct employment achieved by eligible players, but these were not mandatory for receiving the 4-6 per cent financial incentive under the scheme. A senior official in the Ministry of Electronics and Information Technology said, “We will continue to support mobile manufacturing in India, which has seen strong growth in exports. But this time we are looking at linking the incentive to value addition.” The official added that the government has already launched a large electronics component manufacturing scheme to incentivise and help build a local component supply chain. “We expect that in many areas of electronic components, India will not only be self-sufficient but will also become a major exporter,” he said. Under the existing five-year PLI scheme, announced in 2020, the government had expected domestic value addition in smartphones manufactured in India to rise from 15-20 per cent at the time of launch to 35-40 per cent by the end of 2025-26.
*Global market action*
Dow Jones – Up by 0.03% or 17.05 points
FTSE – Up by 0.37% or 40.29 points
CAC – Up by 0.72% or 61.86 points
DAX – Up by 0.45% or 113.08 points
Gift Nifty – Down by 0.45% or 115.00 points
*FII/DII activities*
FII – Bought 3465.99Cr worth of shares
DII – Bought 5031.57Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.3x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Aavas Financier Ltd – 92.1%
Home First Finance Company Ltd – 83.9%
IPCA Labs Ltd – 81.2%
Vedant Fashion Ltd – 79.3%
Bikaji Foods International Ltd – 78.9%
*Primary market activities*
IPO opening today
Acetech E-Commerce Ltd (NSE SME) – Issue size 48.95Cr
Listing today
Manilam Industries India Ltd (NSE SME) – Subscribed 6.25x
Gaudium IVF & Women Health Ltd (Main board) – Subscribed 7.27x
*Commodities updates*
Gold – Rs 159669/10gm, Silver – Rs 259653/kg, Brcrude – Rs 6053/barrel, Copper – Rs 1202.30/kg.
Lower levels accumulation
Tejas network At CMP 422
Test Resistance 460 / 480 SL 390
Tejas network At CMP 422
Test Resistance 460 / 480 SL 390
Morning Alert..
*India faces oil shock as Iran war intensifies and supply risks grow*
India faces mounting energy risks after US and Israeli strikes on Iran killed its supreme leader, Ayatollah Ali Khamenei, in the gravest escalation of tensions in West Asia in decades, sending shockwaves through shipping, aviation and global oil sectors. The attack — and Tehran’s retaliation — have intensified concerns over supply disruptions along the Strait of Hormuz, a critical artery of world trade. Brent crude is expected to surge on fears of constrained flows, threatening to inflate India’s import bill, while domestic equities look set for a riskoff opening on Monday, with cyclical and energy-intensive stocks vulnerable as investors rotate into traditional safe-haven assets. Prime Minister Narendra Modi was chairing a meeting of the Cabinet Committee on Security in the national capital on Sunday night, at the time of going to press, to review the deepening crisis. The commerce ministry has convened a meeting of exporters, shipping lines, freight forwarders and officials from other ministries on Monday to assess the impact of the escalating tensions on India’s trade. Israel launched a wave of strikes on Tehran on Sunday, saying it sought to dominate the skies. Iranian President Masoud Pezeshkian described Saturday’s strike, in which Khamenei was killed, as “an open declaration of war against Muslims”. West Asian countries, including the UAE and Qatar, reported explosions and fatalities amid the spiralling exchange of firepower.
* Global market action*
Dow Jones – Down by 0.66% or 325.62 points
FTSE – Up by 0.59% or 63.85 points
CAC – Down by 0.47% or 40.18 points
DAX – Down by 0.02% or 4.76 points
Gift Nifty – Down by 0.46% or 117.50 points
*FII/DII activities*
FII – Sold 7536.36Cr worth of shares
DII – Bought 12292.81Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22x
Nifty Bank – 16.2x
*Stocks with high delivery percentage*
Berger Paints India Ltd – 91.6%
Vishal Mega Mart Ltd – 85.9%
Aavas Financiers Ltd – 79.3%
Power Grid Corporation of India Ltd – 79.3%
Authum Investment & Infra Ltd – 78.6%
*Primary market activities*
Listing today
Accord Transformer & Switchgear Ltd (BSE SME) – Subscribed 357.37x
Mobilise App Lab Ltd (NSE SME) - Subscribed 100.07x
Clear Max Enviro Energy Solutions Ltd (Main board) – Subscribed 0.99x
Shree Ram Twistex Ltd (Main board) – Subscribed 43.66x
Kiaasa Retail Ltd (BSE SME) – Subscribed 2.05x
*Commodities updates*
Gold – Rs 162010/10gm, Silver – Rs 274626/kg, Brcrude – Rs 6089/barrel, Copper – Rs 1222.75/kg.
*India faces oil shock as Iran war intensifies and supply risks grow*
India faces mounting energy risks after US and Israeli strikes on Iran killed its supreme leader, Ayatollah Ali Khamenei, in the gravest escalation of tensions in West Asia in decades, sending shockwaves through shipping, aviation and global oil sectors. The attack — and Tehran’s retaliation — have intensified concerns over supply disruptions along the Strait of Hormuz, a critical artery of world trade. Brent crude is expected to surge on fears of constrained flows, threatening to inflate India’s import bill, while domestic equities look set for a riskoff opening on Monday, with cyclical and energy-intensive stocks vulnerable as investors rotate into traditional safe-haven assets. Prime Minister Narendra Modi was chairing a meeting of the Cabinet Committee on Security in the national capital on Sunday night, at the time of going to press, to review the deepening crisis. The commerce ministry has convened a meeting of exporters, shipping lines, freight forwarders and officials from other ministries on Monday to assess the impact of the escalating tensions on India’s trade. Israel launched a wave of strikes on Tehran on Sunday, saying it sought to dominate the skies. Iranian President Masoud Pezeshkian described Saturday’s strike, in which Khamenei was killed, as “an open declaration of war against Muslims”. West Asian countries, including the UAE and Qatar, reported explosions and fatalities amid the spiralling exchange of firepower.
* Global market action*
Dow Jones – Down by 0.66% or 325.62 points
FTSE – Up by 0.59% or 63.85 points
CAC – Down by 0.47% or 40.18 points
DAX – Down by 0.02% or 4.76 points
Gift Nifty – Down by 0.46% or 117.50 points
*FII/DII activities*
FII – Sold 7536.36Cr worth of shares
DII – Bought 12292.81Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22x
Nifty Bank – 16.2x
*Stocks with high delivery percentage*
Berger Paints India Ltd – 91.6%
Vishal Mega Mart Ltd – 85.9%
Aavas Financiers Ltd – 79.3%
Power Grid Corporation of India Ltd – 79.3%
Authum Investment & Infra Ltd – 78.6%
*Primary market activities*
Listing today
Accord Transformer & Switchgear Ltd (BSE SME) – Subscribed 357.37x
Mobilise App Lab Ltd (NSE SME) - Subscribed 100.07x
Clear Max Enviro Energy Solutions Ltd (Main board) – Subscribed 0.99x
Shree Ram Twistex Ltd (Main board) – Subscribed 43.66x
Kiaasa Retail Ltd (BSE SME) – Subscribed 2.05x
*Commodities updates*
Gold – Rs 162010/10gm, Silver – Rs 274626/kg, Brcrude – Rs 6089/barrel, Copper – Rs 1222.75/kg.
Equity99
Lower levels accumulation Tejas network At CMP 422 Test Resistance 460 / 480 SL 390
🚀🚀 Tejas Networks 🚀🚀
In this highly sold market, Tejas Networks performing well & have reached above first test levels. Now trading at 470 levels.
In this highly sold market, Tejas Networks performing well & have reached above first test levels. Now trading at 470 levels.
Equity99
🚀🚀 Tejas Networks 🚀🚀 In this highly sold market, Tejas Networks performing well & have reached above first test levels. Now trading at 470 levels.
Now above 480 levels, second test levels also achieved 🚀🚀
Morning Alert..
*Global equities, bonds sink as West Asia crisis stokes inflation fears*
A broad-based selloff across global equities and government bonds, alongside a sharp rise in oil prices amid an escalating war in West Asia and the Iranian blockade of the Strait of Hormuz, is expected to weigh on Indian markets when they reopen on Wednesday. With crude prices climbing and investors shifting towards traditional safe-haven assets, derivatives trading at GIFT City indicates a gap-down start for domestic equities. Sentiment has turned even more risk-averse after reports that Iran had closed the Strait of Hormuz, a critical artery for global energy trade, and warned of action against vessels attempting to transit the route. According to Kpler data, more than 14 million barrels per day passed through the Strait last year, accounting for nearly a third of global seaborne crude exports. As the conflict entered its fourth day, concerns over potential disruptions to energy supplies in the Persian Gulf only intensified. Global benchmark Brent crude has risen as much as 18 per cent over two sessions, moving above $85 a barrel intraday for the first time since July 2024. Gas prices have climbed more than 30 per cent over the same period. The increase in energy prices has prompted investors to reassess inflation expectations and the likely path of monetary policy.
* Global market action*
Dow Jones – Down by 0.41% or 200.72 points
FTSE – Down by 2.82% or 295.98 points
CAC – Down by 3.58% or 29048 points
DAX – Down by 3.56% or 847.35 points
Gift Nifty – Down by 2.23% or 558.50 points
*FII/DII activities*
FII – Sold 3295.64Cr worth of shares
DII – Bought 8593.87Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21.8x
Nifty Bank – 16x
*Stocks with high delivery percentage*
Aditya Birla Lifestyle Brands Ltd – 92.1%
Eris Lifesciences Ltd – 82.9%
GE Vernova T&D India Ltd – 77.3%
*Primary market activities*
IPO opening today
SEDEMAC Mechatronics Ltd (Main board) – Issue size 1087.45Cr
Listing today
PNGS Reva Diamond Jewellery Ltd (Main board) – Subscribed 1.30x
*Commodities updates*
Gold – Rs 161175/10gm, Silver – Rs 257327/kg, Brcrude – Rs 6967/barrel, Copper – Rs 1201/kg.
*Global equities, bonds sink as West Asia crisis stokes inflation fears*
A broad-based selloff across global equities and government bonds, alongside a sharp rise in oil prices amid an escalating war in West Asia and the Iranian blockade of the Strait of Hormuz, is expected to weigh on Indian markets when they reopen on Wednesday. With crude prices climbing and investors shifting towards traditional safe-haven assets, derivatives trading at GIFT City indicates a gap-down start for domestic equities. Sentiment has turned even more risk-averse after reports that Iran had closed the Strait of Hormuz, a critical artery for global energy trade, and warned of action against vessels attempting to transit the route. According to Kpler data, more than 14 million barrels per day passed through the Strait last year, accounting for nearly a third of global seaborne crude exports. As the conflict entered its fourth day, concerns over potential disruptions to energy supplies in the Persian Gulf only intensified. Global benchmark Brent crude has risen as much as 18 per cent over two sessions, moving above $85 a barrel intraday for the first time since July 2024. Gas prices have climbed more than 30 per cent over the same period. The increase in energy prices has prompted investors to reassess inflation expectations and the likely path of monetary policy.
* Global market action*
Dow Jones – Down by 0.41% or 200.72 points
FTSE – Down by 2.82% or 295.98 points
CAC – Down by 3.58% or 29048 points
DAX – Down by 3.56% or 847.35 points
Gift Nifty – Down by 2.23% or 558.50 points
*FII/DII activities*
FII – Sold 3295.64Cr worth of shares
DII – Bought 8593.87Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21.8x
Nifty Bank – 16x
*Stocks with high delivery percentage*
Aditya Birla Lifestyle Brands Ltd – 92.1%
Eris Lifesciences Ltd – 82.9%
GE Vernova T&D India Ltd – 77.3%
*Primary market activities*
IPO opening today
SEDEMAC Mechatronics Ltd (Main board) – Issue size 1087.45Cr
Listing today
PNGS Reva Diamond Jewellery Ltd (Main board) – Subscribed 1.30x
*Commodities updates*
Gold – Rs 161175/10gm, Silver – Rs 257327/kg, Brcrude – Rs 6967/barrel, Copper – Rs 1201/kg.
Morning Alert..
*West Asia crisis: Rupee breaches 92 against $, RBI buys govt bonds*
The rupee fell to a record low of 92.30 against the dollar on Wednesday, pressured by escalating geopolitical tensions in West Asia that have sent crude oil prices sharply higher in recent days and stoked inflation concerns. Government bond yields also firmed in early trade, reflecting unease in domestic markets, before paring gains after central bank intervention. The local currency recovered part of its losses to close at 92.15 per dollar, down 0.71 per cent from the previous close, after the Reserve Bank of India intervened through dollar sales, dealers said. They added that the central bank stepped up its intervention after the rupee breached the 92 mark, a level it had so far protected. This marked the Indian unit’s fourth sharpest fall in the current financial year, during which the currency has depreciated 7.25 per cent. In 2026, it has declined 2.46 per cent. The rupee remained under pressure as Brent crude prices stayed at elevated levels, while global equities retreated as investors assessed the risk of a sustained rise in oil prices. Furthermore, the dollar index strengthened to 98.96 from 98.22. It measures the greenback against a basket of six major currencies.
*Global market action*
Dow Jones – Down by 0.21% or 104.27 points
FTSE – Up by 0.79% or 83.52 points
CAC – Up by 0.78% or 63.89 points
DAX – Up by 1.71% or 414.71 points
Gift Nifty – Up by 0.32% or 79.50 points
*FII/DII activities*
FII – Sold 8752.65Cr worth of shares
DII – Bought 12068.17Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21.4x
Nifty Bank – 15.7x
*Stocks with high delivery percentage*
Sundaram Fasteners Ltd – 96.7%
Aditya Birla Lifestyle Brands Ltd – 94.1%
Sun Pharma Industries Ltd – 77.7%
*Primary market activities*
IPO opening today
Elfin Agro India Ltd (BSE SME) – Issue size 25.03Cr
Listing today
Yaap Digital Ltd (NSE SME) – Subscribed 4.26x
Omnitech Engineering Ltd (BSE SME) – Subscribed 1.20x
*Commodities updates*
Gold – Rs 161866/10gm, Silver – Rs 262300/kg, Brcrude – Rs 6944/barrel, Copper – Rs 1209.75/kg.
*West Asia crisis: Rupee breaches 92 against $, RBI buys govt bonds*
The rupee fell to a record low of 92.30 against the dollar on Wednesday, pressured by escalating geopolitical tensions in West Asia that have sent crude oil prices sharply higher in recent days and stoked inflation concerns. Government bond yields also firmed in early trade, reflecting unease in domestic markets, before paring gains after central bank intervention. The local currency recovered part of its losses to close at 92.15 per dollar, down 0.71 per cent from the previous close, after the Reserve Bank of India intervened through dollar sales, dealers said. They added that the central bank stepped up its intervention after the rupee breached the 92 mark, a level it had so far protected. This marked the Indian unit’s fourth sharpest fall in the current financial year, during which the currency has depreciated 7.25 per cent. In 2026, it has declined 2.46 per cent. The rupee remained under pressure as Brent crude prices stayed at elevated levels, while global equities retreated as investors assessed the risk of a sustained rise in oil prices. Furthermore, the dollar index strengthened to 98.96 from 98.22. It measures the greenback against a basket of six major currencies.
*Global market action*
Dow Jones – Down by 0.21% or 104.27 points
FTSE – Up by 0.79% or 83.52 points
CAC – Up by 0.78% or 63.89 points
DAX – Up by 1.71% or 414.71 points
Gift Nifty – Up by 0.32% or 79.50 points
*FII/DII activities*
FII – Sold 8752.65Cr worth of shares
DII – Bought 12068.17Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21.4x
Nifty Bank – 15.7x
*Stocks with high delivery percentage*
Sundaram Fasteners Ltd – 96.7%
Aditya Birla Lifestyle Brands Ltd – 94.1%
Sun Pharma Industries Ltd – 77.7%
*Primary market activities*
IPO opening today
Elfin Agro India Ltd (BSE SME) – Issue size 25.03Cr
Listing today
Yaap Digital Ltd (NSE SME) – Subscribed 4.26x
Omnitech Engineering Ltd (BSE SME) – Subscribed 1.20x
*Commodities updates*
Gold – Rs 161866/10gm, Silver – Rs 262300/kg, Brcrude – Rs 6944/barrel, Copper – Rs 1209.75/kg.
Morning Alert..
*Indian gas firms may cut industrial supply if Qatar halt persists*
India’s gas firms may consider reviewing allocations to industrial users if the production halt by QatarEnergy is prolonged amid the deepening crisis in West Asia, according to people familiar with the development.
However, gas allocation for priority sectors, such as domestic piped natural gas (PNG) and compressed natural gas (CNG), would not be curtailed, they added. “India consumes 195 million standard cubic metres per day (mmscmd) of natural gas. Of this, 60 mmscmd is not available due to the QatarEnergy production halt. If this continues, we may re-prioritise sectors within the country; industrial usage may be impacted,” said a top government official. QatarEnergy has halted production of liquefied natural gas (LNG) amid attacks on its facilities as tensions rise in West Asia. Qatar is India’s largest LNG supplier. Industrial players have been informed in advance and asked to look for alternate fuels such as liquefied petroleum gas (LPG), fuel oil, among other options, in case of a cut, said a senior executive from a gas company. Following the production halt, India’s largest LNG importer, Petronet LNG Ltd (PLL), on March 3 issued a force majeure notice to QatarEnergy and its offtakers, including GAIL (India), Indian Oil Corporation (IOCL), and Bharat Petroleum Corporation (BPCL).
*Global market action*
Dow Jones – Up by 0.21% or 102.75 points
FTSE – Down by 1.48% or 153.71 points
CAC – Down by 1.52% or 121.93 points
DAX – Down by 1.64% or 389.61 points
Gift Nifty – Down by 0.61% or 150.50 points
*FII/DII activities*
FII – Sold 3752.52Cr worth of shares
DII – Bought 5153.37Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21.7x
Nifty Bank – 15.8x
*Stocks with high delivery percentage*
Dr. Agarwal`s Health Care Ltd – 92.7%
Star Health and Allied Insurance Co. Ltd – 87.5%
Aditya Birla Lifestyle Brands Ltd – 87.1%
Godrej Consumer Products Ltd – 82.8%
Berger Paints India Ltd – 80.6%
*Primary market activities*
Listing today
Omnitech Engineering Ltd (Main board) – Subscribed 1.20x
*Commodities updates*
Gold – Rs 159500/10gm, Silver – Rs 261496/kg, Brcrude – Rs 7311/barrel, Copper – Rs 1194.65/kg.
*Indian gas firms may cut industrial supply if Qatar halt persists*
India’s gas firms may consider reviewing allocations to industrial users if the production halt by QatarEnergy is prolonged amid the deepening crisis in West Asia, according to people familiar with the development.
However, gas allocation for priority sectors, such as domestic piped natural gas (PNG) and compressed natural gas (CNG), would not be curtailed, they added. “India consumes 195 million standard cubic metres per day (mmscmd) of natural gas. Of this, 60 mmscmd is not available due to the QatarEnergy production halt. If this continues, we may re-prioritise sectors within the country; industrial usage may be impacted,” said a top government official. QatarEnergy has halted production of liquefied natural gas (LNG) amid attacks on its facilities as tensions rise in West Asia. Qatar is India’s largest LNG supplier. Industrial players have been informed in advance and asked to look for alternate fuels such as liquefied petroleum gas (LPG), fuel oil, among other options, in case of a cut, said a senior executive from a gas company. Following the production halt, India’s largest LNG importer, Petronet LNG Ltd (PLL), on March 3 issued a force majeure notice to QatarEnergy and its offtakers, including GAIL (India), Indian Oil Corporation (IOCL), and Bharat Petroleum Corporation (BPCL).
*Global market action*
Dow Jones – Up by 0.21% or 102.75 points
FTSE – Down by 1.48% or 153.71 points
CAC – Down by 1.52% or 121.93 points
DAX – Down by 1.64% or 389.61 points
Gift Nifty – Down by 0.61% or 150.50 points
*FII/DII activities*
FII – Sold 3752.52Cr worth of shares
DII – Bought 5153.37Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21.7x
Nifty Bank – 15.8x
*Stocks with high delivery percentage*
Dr. Agarwal`s Health Care Ltd – 92.7%
Star Health and Allied Insurance Co. Ltd – 87.5%
Aditya Birla Lifestyle Brands Ltd – 87.1%
Godrej Consumer Products Ltd – 82.8%
Berger Paints India Ltd – 80.6%
*Primary market activities*
Listing today
Omnitech Engineering Ltd (Main board) – Subscribed 1.20x
*Commodities updates*
Gold – Rs 159500/10gm, Silver – Rs 261496/kg, Brcrude – Rs 7311/barrel, Copper – Rs 1194.65/kg.
India lifts the #T20WorldCup26 trophy, defeating the #Kiwis by 96 runs, becomes the first team in history to win consecutive #T20WorldCup titles
Morning Alert..
*West Asia war: 45K Indian containers stuck; export costs increase fivefold*
The West Asian war is taking a toll on Indian exporters. According to firms involved in the logistics sector, around 40,000-45,000 Indian containers are currently stranded, either in transit, or at international ports, and the future of export cargo worth around $1-1.5 billion is already under clouds, staring at either a diversion in routes, or a U-turn to India, leading to cost escalation. Adding to this, several contingency surcharges by shipping liners are causing an additional three- to five-fold increase in per container cost, say industry experts. All these together are leading to cascading cost, a possible container crisis, and for perishable goods exporters, there may even be hefty losses. According to sources, a good share of these stuck consignments are basmati rice, which is 4 lakh tonnes. "Around 40,000-45,000 containers with Indian exports are stuck and nearly 80 per cent of them are already in waters. Based on rough estimates, cargo worth around $1-1.5 billion is stranded, in both air and sea routes," said Jitendra Srivastava, chief executive officer, Triton Logistics & Maritime, an end-to-end logistics and supply chain services firm. For those exporting perishable goods, this means total loss. In addition, war-risk surcharges — including emergency cost recovery charges (ECRC), contingency charges and peak season charges, among others — are wiping out the margins of exporters, say sources. Srivastava said a lot of exporters are considering applying for back-to-town (BTT) options, a customs procedure allowing exporters to withdraw cargo from a port and bring it back into the domestic market, after it has already entered the export stream.
*Global market action*
Dow Jones – Down by 2.32% or 1098.34 points
FTSE – Down by 1.26% or 129.19 points
CAC – Down by 0.65% or 52.31 points
DAX – Down by 0.95% or 224.72 points
Gift Nifty – Down by 3.18% or 780.50 points
*FII/DII activities*
FII – Sold 6030.38Cr worth of shares
DII – Bought 6971.51Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21.4x
Nifty Bank – 15.5x
*Stocks with high delivery percentage*
Honeywell Automation India Ltd – 96.3%
Aavas Financiers Ltd – 92.3%
Aditya Birla Lifestyle Brands Ltd – 91.5%
Tube Investments of India Ltd – 85.6%
Chalet Hotels Ltd – 84.1%
*Primary market activities*
IPO opening today
Rajputana Stainless Ltd (Main board) – Issue size 254.98Cr
*Commodities updates*
Gold – Rs 161778/10gm, Silver – Rs 268896/kg, Brcude – Rs 8405/barrel, Copper – Rs 1197.40/kg.
*West Asia war: 45K Indian containers stuck; export costs increase fivefold*
The West Asian war is taking a toll on Indian exporters. According to firms involved in the logistics sector, around 40,000-45,000 Indian containers are currently stranded, either in transit, or at international ports, and the future of export cargo worth around $1-1.5 billion is already under clouds, staring at either a diversion in routes, or a U-turn to India, leading to cost escalation. Adding to this, several contingency surcharges by shipping liners are causing an additional three- to five-fold increase in per container cost, say industry experts. All these together are leading to cascading cost, a possible container crisis, and for perishable goods exporters, there may even be hefty losses. According to sources, a good share of these stuck consignments are basmati rice, which is 4 lakh tonnes. "Around 40,000-45,000 containers with Indian exports are stuck and nearly 80 per cent of them are already in waters. Based on rough estimates, cargo worth around $1-1.5 billion is stranded, in both air and sea routes," said Jitendra Srivastava, chief executive officer, Triton Logistics & Maritime, an end-to-end logistics and supply chain services firm. For those exporting perishable goods, this means total loss. In addition, war-risk surcharges — including emergency cost recovery charges (ECRC), contingency charges and peak season charges, among others — are wiping out the margins of exporters, say sources. Srivastava said a lot of exporters are considering applying for back-to-town (BTT) options, a customs procedure allowing exporters to withdraw cargo from a port and bring it back into the domestic market, after it has already entered the export stream.
*Global market action*
Dow Jones – Down by 2.32% or 1098.34 points
FTSE – Down by 1.26% or 129.19 points
CAC – Down by 0.65% or 52.31 points
DAX – Down by 0.95% or 224.72 points
Gift Nifty – Down by 3.18% or 780.50 points
*FII/DII activities*
FII – Sold 6030.38Cr worth of shares
DII – Bought 6971.51Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21.4x
Nifty Bank – 15.5x
*Stocks with high delivery percentage*
Honeywell Automation India Ltd – 96.3%
Aavas Financiers Ltd – 92.3%
Aditya Birla Lifestyle Brands Ltd – 91.5%
Tube Investments of India Ltd – 85.6%
Chalet Hotels Ltd – 84.1%
*Primary market activities*
IPO opening today
Rajputana Stainless Ltd (Main board) – Issue size 254.98Cr
*Commodities updates*
Gold – Rs 161778/10gm, Silver – Rs 268896/kg, Brcude – Rs 8405/barrel, Copper – Rs 1197.40/kg.
Morning Alert..
*Hike in pump prices unlikely for now even as Brent tests $120 per barrel*
Retail prices of petrol and diesel in India are unlikely to be raised in the “foreseeable future” despite crude oil prices surpassing $100 per barrel on Monday, a senior government official said. Brent crude briefly jumped to an intraday high of $119 per barrel in the futures market and nearly $117 in the spot market after West Asian producers slashed output and supplies were further choked through the strategically important Strait of Hormuz amid the ongoing Iran war. This was the highest level for the petroleum benchmark since March 2022, when it had nearly touched $134 per barrel following Russia’s invasion of Ukraine. Brent had earlier peaked at a high of $145.7 per barrel in July 2008 during the initial stages of the global financial crisis. On Monday, prices eventually cooled to around $103 per barrel, still up more than 10 per cent, following discussions on a coordinated release of oil reserves by the G7 nations to manage the crisis. Despite the latest surge in petroleum prices, state-run oil marketing companies (OMCs) are financially well-positioned to absorb the impact of high international crude prices in the near term, said the government official. However, if the conflict continues for a prolonged period, the companies may have to review retail fuel prices accordingly.
*Global market action*
Dow Jones – Down by 0.14% or 65.42 points
FTSE – Down by 0.34% or 35.23 points
CAC – Down by 0.99% or 78.13 points
DAX – Down by 0.78% or 181.66 points
Gift Nifty – Up by 1.62% or 389.50 points
*FII/DII activities*
FII – Sold 6345.57Cr worth of shares
DII – Bought 9013.80Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21x
Nifty Bank – 15x
*Stocks with high delivery percentage*
Aditya Birla Lifestyle Brands Ltd – 89.2%
Honeywell Automation India Ltd – 77.4%
*Primary market activities*
IPO opening today
Innovision Ltd (Main board) – Issue size 322.84Cr
*Commodities updates*
Gold – Rs 160183/10gm, Silver – Rs 267500/kg, Brcrude – Rs 8808/barrel, Copper – Rs 1193.10/kg.
*Hike in pump prices unlikely for now even as Brent tests $120 per barrel*
Retail prices of petrol and diesel in India are unlikely to be raised in the “foreseeable future” despite crude oil prices surpassing $100 per barrel on Monday, a senior government official said. Brent crude briefly jumped to an intraday high of $119 per barrel in the futures market and nearly $117 in the spot market after West Asian producers slashed output and supplies were further choked through the strategically important Strait of Hormuz amid the ongoing Iran war. This was the highest level for the petroleum benchmark since March 2022, when it had nearly touched $134 per barrel following Russia’s invasion of Ukraine. Brent had earlier peaked at a high of $145.7 per barrel in July 2008 during the initial stages of the global financial crisis. On Monday, prices eventually cooled to around $103 per barrel, still up more than 10 per cent, following discussions on a coordinated release of oil reserves by the G7 nations to manage the crisis. Despite the latest surge in petroleum prices, state-run oil marketing companies (OMCs) are financially well-positioned to absorb the impact of high international crude prices in the near term, said the government official. However, if the conflict continues for a prolonged period, the companies may have to review retail fuel prices accordingly.
*Global market action*
Dow Jones – Down by 0.14% or 65.42 points
FTSE – Down by 0.34% or 35.23 points
CAC – Down by 0.99% or 78.13 points
DAX – Down by 0.78% or 181.66 points
Gift Nifty – Up by 1.62% or 389.50 points
*FII/DII activities*
FII – Sold 6345.57Cr worth of shares
DII – Bought 9013.80Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21x
Nifty Bank – 15x
*Stocks with high delivery percentage*
Aditya Birla Lifestyle Brands Ltd – 89.2%
Honeywell Automation India Ltd – 77.4%
*Primary market activities*
IPO opening today
Innovision Ltd (Main board) – Issue size 322.84Cr
*Commodities updates*
Gold – Rs 160183/10gm, Silver – Rs 267500/kg, Brcrude – Rs 8808/barrel, Copper – Rs 1193.10/kg.
Morning Alert..
*FDI restrictions relaxed for China, other countries under Press Note 3*
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday eased the restrictions on investments from countries sharing land borders with India, including China, by allowing investments through the automatic route for non-controlling stakes below 10 per cent. The amendments to Press Note 3 of 2020 also introduced a definitive 60-day timeline for processing investment proposals in sectors such as electronic components, capital goods, and solar cells. The changes have been approved six years after the curbs were introduced, and are aimed at boosting foreign investment from China to help India integrate with global value chains and boost domestic manufacturing. The government expects these changes in the foreign direct investment (FDI) policy to enable greater inbound investments from global funds into startups and deep-tech firms, while still maintaining some amount of regulatory oversight. Till now, prior government approval was mandatory in the case of any investment proposals originating from a country that shares a land border with India — China, Bhutan, Nepal, Bangladesh, Pakistan, Afghanistan, and Myanmar — including cases where the investor was from one of these countries. While India never banned FDI from China, approvals under the inter-ministerial committee route were time-consuming, often taking up to a year or more for investment proposals from Chinese companies.
*Global market action*
Dow Jones – Up by 0.39% or 187.74 points
FTSE – Up by 1.56% or 162.72 points
CAC – Up by 1.67% or 142.00 points
DAX – Up by 2.33% or 559.26 points
Gift Nifty – Down by 0.27% or 65.50 points
*FII/DII activities*
FII – Sold 4672.64Cr worth of shares
DII – Bought 6333.26Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21.2x
Nifty Bank – 15.3x
*Stocks with high delivery percentage*
Aditya Birla Lifestyle Brands Ltd – 86.9%
Just Dial Ltd – 80.8%
AWL Agri Business Ltd – 80.5%
CCL Products India Ltd – 79.4%
Saregama India Ltd – 78.7%
*Primary market activities*
IPO opening today
Raajmarg Infra Investment Trust InvIT (Main board) – Issue size 6000Cr
Apsis Aerocom Ltd (NSE SME) – Issue size 35.77Cr
Listing today
SEDEMAC Mechatronics Ltd (Main board) – Subscribed 2.68x
*Commodities updates*
Gold – Rs 163201/10gm, Silver – Rs 277000/kg, Brcrude – Rs 7403/barrel, Copper – Rs 1208.95/kg.
*FDI restrictions relaxed for China, other countries under Press Note 3*
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday eased the restrictions on investments from countries sharing land borders with India, including China, by allowing investments through the automatic route for non-controlling stakes below 10 per cent. The amendments to Press Note 3 of 2020 also introduced a definitive 60-day timeline for processing investment proposals in sectors such as electronic components, capital goods, and solar cells. The changes have been approved six years after the curbs were introduced, and are aimed at boosting foreign investment from China to help India integrate with global value chains and boost domestic manufacturing. The government expects these changes in the foreign direct investment (FDI) policy to enable greater inbound investments from global funds into startups and deep-tech firms, while still maintaining some amount of regulatory oversight. Till now, prior government approval was mandatory in the case of any investment proposals originating from a country that shares a land border with India — China, Bhutan, Nepal, Bangladesh, Pakistan, Afghanistan, and Myanmar — including cases where the investor was from one of these countries. While India never banned FDI from China, approvals under the inter-ministerial committee route were time-consuming, often taking up to a year or more for investment proposals from Chinese companies.
*Global market action*
Dow Jones – Up by 0.39% or 187.74 points
FTSE – Up by 1.56% or 162.72 points
CAC – Up by 1.67% or 142.00 points
DAX – Up by 2.33% or 559.26 points
Gift Nifty – Down by 0.27% or 65.50 points
*FII/DII activities*
FII – Sold 4672.64Cr worth of shares
DII – Bought 6333.26Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 21.2x
Nifty Bank – 15.3x
*Stocks with high delivery percentage*
Aditya Birla Lifestyle Brands Ltd – 86.9%
Just Dial Ltd – 80.8%
AWL Agri Business Ltd – 80.5%
CCL Products India Ltd – 79.4%
Saregama India Ltd – 78.7%
*Primary market activities*
IPO opening today
Raajmarg Infra Investment Trust InvIT (Main board) – Issue size 6000Cr
Apsis Aerocom Ltd (NSE SME) – Issue size 35.77Cr
Listing today
SEDEMAC Mechatronics Ltd (Main board) – Subscribed 2.68x
*Commodities updates*
Gold – Rs 163201/10gm, Silver – Rs 277000/kg, Brcrude – Rs 7403/barrel, Copper – Rs 1208.95/kg.
Morning Alert..
*Crisil projects 7.1% growth for India in FY27, flags West Asia crisis*
The Indian economy is projected to grow 7.1 per cent in the financial year 2026–27 (FY27), supported by private consumption and a mild pick-up in private investment, but with risks tilted to the downside as global trade tensions, tariff actions and geopolitical frictions keep the external environment “squally”, according to Crisil’s latest India outlook. The report, titled India Outlook: Wading through Squally Waters, notes that India’s expansion has retained “real traction” despite a turbulent global cycle. It highlights that domestic demand has acted as a counterweight to global uncertainty, backed by stronger macro fundamentals, improved corporate balance sheets and a more responsive policy framework. On trade, the rating agency said global trade is shifting from pure efficiency to resilience and strategic alignment, creating a “material opportunity” for India. Even as earlier export front-loading fades, the agency expects exports to “hold up better than feared” in FY27 on the back of steady global growth, strong services exports, export-focused manufacturing policies and reduced US tariff rates. “India has the potential to grow faster by creating fresh infrastructure, improving logistics and undertaking reforms. That is why India has been charting an upward-sloping trajectory while advanced countries have been charting a downward-sloping trajectory,” said Dharmakirti Joshi, chief economist at Crisil.
*Global market action*
Dow Jones – Down by 1.07% or 507.78 points
FTSE – Down by 0.56% or 58.47 points
CAC – Down by 0.19% or 15.55 points
DAX – Down by 1.39% or 328.60 points
Gift Nifty – Down by 0.73% or 176.00 points
*FII/DII activities*
FII – Sold 6267.31Cr worth of shares
DII – Bought 4965.53Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 20.9x
Nifty Bank – 14.9x
*Stocks with high delivery percentage*
Vijaya Diagnostics Centre Ltd – 87.3%
Aditya Birla Lifestyle Brands Ltd – 82.9%
Capri Global Capital Ltd – 82.4%
Ventive Hospitality Ltd – 80.6%
Niva Bupa Health Insurance Co Ltd – 78.7%
*Primary market activities*
Listing today
Elfin Agro India Ltd (BSE SME) – Subscribed 1.35x
*Commodities updates*
Gold – Rs 161882/10gm, Silver – Rs 268800/kg, Brcrude – Rs 8084/barrel, Copper – Rs 1204/kg.
*Crisil projects 7.1% growth for India in FY27, flags West Asia crisis*
The Indian economy is projected to grow 7.1 per cent in the financial year 2026–27 (FY27), supported by private consumption and a mild pick-up in private investment, but with risks tilted to the downside as global trade tensions, tariff actions and geopolitical frictions keep the external environment “squally”, according to Crisil’s latest India outlook. The report, titled India Outlook: Wading through Squally Waters, notes that India’s expansion has retained “real traction” despite a turbulent global cycle. It highlights that domestic demand has acted as a counterweight to global uncertainty, backed by stronger macro fundamentals, improved corporate balance sheets and a more responsive policy framework. On trade, the rating agency said global trade is shifting from pure efficiency to resilience and strategic alignment, creating a “material opportunity” for India. Even as earlier export front-loading fades, the agency expects exports to “hold up better than feared” in FY27 on the back of steady global growth, strong services exports, export-focused manufacturing policies and reduced US tariff rates. “India has the potential to grow faster by creating fresh infrastructure, improving logistics and undertaking reforms. That is why India has been charting an upward-sloping trajectory while advanced countries have been charting a downward-sloping trajectory,” said Dharmakirti Joshi, chief economist at Crisil.
*Global market action*
Dow Jones – Down by 1.07% or 507.78 points
FTSE – Down by 0.56% or 58.47 points
CAC – Down by 0.19% or 15.55 points
DAX – Down by 1.39% or 328.60 points
Gift Nifty – Down by 0.73% or 176.00 points
*FII/DII activities*
FII – Sold 6267.31Cr worth of shares
DII – Bought 4965.53Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 20.9x
Nifty Bank – 14.9x
*Stocks with high delivery percentage*
Vijaya Diagnostics Centre Ltd – 87.3%
Aditya Birla Lifestyle Brands Ltd – 82.9%
Capri Global Capital Ltd – 82.4%
Ventive Hospitality Ltd – 80.6%
Niva Bupa Health Insurance Co Ltd – 78.7%
*Primary market activities*
Listing today
Elfin Agro India Ltd (BSE SME) – Subscribed 1.35x
*Commodities updates*
Gold – Rs 161882/10gm, Silver – Rs 268800/kg, Brcrude – Rs 8084/barrel, Copper – Rs 1204/kg.