Market News

RIL shares fell 4.07% to ₹1,355.60 after export duty news, driving 21% of Sensex’s 1,100-point drop. What’s behind the sell-off and what’s next?

The Indian government has asked telecom companies to review risks associated with subsea cables amid tensions in West Asia. Recent disruptions have also shown how much of the country’s internet traffic depends on a few key routes.

IREDA shares fell almost 3% after announcing a ₹0.60 dividend, with April 2 as the record date. Q3 profit rose 37.5% to ₹584.9 crore.

Hind Rectifiers has announced a bonus share issue in the ratio 1:1 with 27 March as the record date. The stock has shown strong momentum backed by solid financial results.

Crude oil prices eased in early trade after Donald Trump signalled a temporary pause in strikes on Iran. However, uncertainty around the Strait of Hormuz and ongoing tensions continue to keep markets volatile.

Tata Motors faces fresh concerns after a temporary shutdown at JLR’s Solihull plant and lingering impact from a past cyberattack. Revenue and volumes have already taken a hit, with recovery still in progress.

Bharat PET has filed its DRHP with SEBI for a ₹760 crore IPO. While the company’s revenue and profit numbers in recent years are significant, the dependence on key products, customers, and raw materials is something investors will need to keep in mind.

The change in buyback tax rules from 1 April 2026 may make share buybacks attractive again for IT firms. Wipro is expected to be among the first to act, backed by strong cash reserves.

UltraTech Cement has agreed with Jaiprakash Associates (JAL) to redeem ₹1,000 crore in preference shares tied to the Dalla Super Cement asset. This settlement wraps up the arbitration process and paves the way for monetising the asset, helping the Adani Group in its acquisition of JAL.

India cuts petrol duty to ₹3 and diesel to zero as crude hits $122; ATF levy added. OMC stocks gain up to 5% in early trade. What’s next for fuel prices? Read more.

The DGCA has recently changed airline refund rules, capping cancellation fees and asking airlines to process refunds faster so passengers get their money back without delays.

Infosys has recently announced a twin acquisition strategy to expand its presence in the healthcare IT and insurance sectors. The company will acquire Optimum Healthcare IT for US$465 million and Stratus Global for US$95 million.