Market News

Nirma Group's Nuvoco Vistas will invest ₹26 crore for a 26% stake in a CleanMax SPV to build a hybrid renewable power plant in Rajasthan. Read ahead to know more.

Ujjivan SFB shares dropped nearly 6% after RBI rejected its universal banking licence application, citing diversification gaps. Despite strong growth, uncertainty remains. Read more here.

The Nifty 50 and Sensex gained over 1.6% on Wednesday’s trade. It came on the heels of positive global cues, particularly the conflict in West Asia.

The Reserve Bank of India did not agree to the banks' proposal for postponing the recognition of Q4 treasury losses. They have to record mark-to-market losses right away, which could adversely affect bank profitability.

ICICI Pru AMC reported Q4 PAT of ₹763 crore, up 10% YoY. Operating profit jumped 30%. FY26 saw an increase of 23% in revenue and a rise in profit by 24%.

InterGlobe Aviation Ltd (IndiGo) shares dropped more than 4% after crude oil moved past $100 per barrel. Rising tensions in West Asia led to the spike, which in turn increased fuel costs for airlines.

Tata Chemicals and Tata Investment Corp surged on the Tata Sons IPO buzz. There is no official confirmation on the IPO yet. The rally seems driven more by expectations than fundamentals at this point.

India's coal imports saw an 8.5% decline in February, totalling 16.55 million tonnes. This decrease is attributed to robust domestic reserves and elevated global prices. The substantial local output and adequate stockpiles have lessened the need for imported coal.

Oil crossed $100 as the US began blocking Iranian-linked ships, raising supply concerns. Markets remain volatile amid rising tensions. Read more to understand what this means for global oil.

India’s net FDI stayed negative for five months as profit repatriation surged to $4.92 billion in January. Global conflicts and rupee pressure pushed capital to Mexico and Vietnam, which saw record inflows from nearshoring and China-plus-one shifts.

Indian mutual fund houses reduced their cash holdings by 12% in March to buy stocks at lower levels. However, global energy markets still remain uncertain, and a further decline in stock prices cannot be ruled out.

GE Aerospace and HAL finalised technical talks on F414 jet engines, with 99 to be made in India. The deal transfers 80% manufacturing tech, far more than past pacts, boosting IAF squadrons.