Page 571 - Markets News
Indian Rupee ends 35 paise stronger; Logs best winning streak in 13 months
The domestic currency ended 35 paise stronger at 85.63 against the greenback after closing at 85.98 on Friday, according to Bloomberg data
 "Indian Rupee ends 35 paise stronger; Logs best winning streak in 13 months")
Stock Market Highlights: Sensex rallies for 6th day, adds 1,078pts, Nifty at 23,658; PSB outperforms
Sensex Today | Stock Market Highlights: Banking shares stole the show among the sectoral indices, with PSU banks leading the charge, as the Nifty PSU Bank index ended higher by 3.18 per cent
 "Stock Market Highlights: Sensex rallies for 6th day, adds 1,078pts, Nifty at 23,658; PSB outperforms")
Sectoral fund inflows down 75% from peak, 19% of schemes at losses: Report
Domestic flows slowed down in February 2025 to ₹29,000 crore from ₹40,000 crore in January 2025
 "Sectoral fund inflows down 75% from peak, 19% of schemes at losses: Report")
SML Isuzu zooms 61% in 1 week as M&M eyes Sumitomo's stake in company
According to reports, Mahindra & Mahindra is in advanced discussions to acquire the entire stake held by Japan's Sumitomo Corporation in SML Isuzu.
 "SML Isuzu zooms 61% in 1 week as M&M eyes Sumitomo's stake in company")
CRA to scrutinise claims of high returns by investment service providers
Under the new norms, the CRA will act as 'Past Risk and Return Verification Agency' with a recognized stock exchange serving as 'Past Risk and Return Verification Agency' data centre
 "CRA to scrutinise claims of high returns by investment service providers")
Jindal Stainless shares slip 5%; stock nears 52-week low in firm market
During the first nine months of fiscal 2025, the Ebitda per tonne has slightly moderated to ₹20,837, which was largely on account of global macroeconomic factors and subdued export demand
 "Jindal Stainless shares slip 5%; stock nears 52-week low in firm market")
Biocon gains 2% on US FDA nod for ANDA Norepinephrine Bitartrate Injection
The company's subsidiary has received approval from the US Food and Drug Administration (US FDA) for its ANDA Norepinephrine Bitartrate Injection USP, 4 mg/4 mL (1 mg/mL) single-dose vial
 "Biocon gains 2% on US FDA nod for ANDA Norepinephrine Bitartrate Injection")
Power Mech up 17% on ₹597 crore order from BHEL; zooms 50% from March low
The power sector continues to be the sector that drives the management's bullish sentiment on order inflow outlook for the next 2-3 years
 "Power Mech up 17% on ₹597 crore order from BHEL; zooms 50% from March low")
Here's why Diamond Power Infra shares hit 5% upper circuit on Monday
The northward movement in Diamond Power Infrastructure's share price came on the back of news that the company has received a letter of intent worth ₹214.65 crore from Adani Green Energy
 "Here's why Diamond Power Infra shares hit 5% upper circuit on Monday")
Nifty Bank up 2%, hits highest level of CY 2025; ICICI, Kotak at new highs
Bank Nifty: The index was quoting higher for the eighth straight trading day, having rallied 8 per cent during the period
 "Nifty Bank up 2%, hits highest level of CY 2025; ICICI, Kotak at new highs")
India stocks fear gauge spikes 11% amid market recovery
India VIX, the measure of market volatility in the domestic market, jumped as much as 10.95 per cent to 13.9, the biggest intraday jump since January 6 this year
 "India stocks fear gauge spikes 11% amid market recovery")
TVS Holdings gains 3% as board approves 1,860% dividend; check record date
The dividend payment will be made within a period of 30 days from the declaration of interim dividend, as provided in the Companies Act, 2013
 "TVS Holdings gains 3% as board approves 1,860% dividend; check record date")
DLF rises 3% post analysts meet; here's brokerage analysis on stock
Kotak Institutional Equities reckons that the Street's concerns about a slowdown in real estate, especially in Gurgaon, may be overplayed
 "DLF rises 3% post analysts meet; here's brokerage analysis on stock")
Crypto market update: Here's how Solana, Bitcoin, others are faring today
Bitcoin surged past the $87,000 mark over the weekend, with bulls maintaining control and defending lower levels
 "Crypto market update: Here's how Solana, Bitcoin, others are faring today")
NSE begins electronic settling of its unlisted shares: Details here
Central Depository Services will facilitate these transactions, ending manual settlements and aligning with Sebi's SECC Regulations
 "NSE begins electronic settling of its unlisted shares: Details here")
Finolex Cables, Finolex Industries surge up to 13% on heavy volumes
Till 10:52 AM; a combined 17.63 million shares, representing 2.8 per cent of the total equity of Finolex Industries, have changed hands on the NSE and BSE
 "Finolex Cables, Finolex Industries surge up to 13% on heavy volumes")
Gland Pharma jumps 6% on multiple bulk deals; check buyers' detail here
According to NSE bulk deal data, Vanguard Emerging Markets Stock Index Fund A Series of VIEIF purchased 0.83 million shares
 "Gland Pharma jumps 6% on multiple bulk deals; check buyers' detail here")
Sanathan Textiles shares tumble 9% as anchor lock-in period expires
Sanathan Textiles' stock fell as much as 9.04 per cent during the day to ₹312 per share, the biggest intraday loss since February 14 this year
 "Sanathan Textiles shares tumble 9% as anchor lock-in period expires")
NCC shares up 5% on receiving LoA from Bihar Medical for ₹1,480-cr project
The company received a letter of acceptance (LoA) from Bihar Medical Services and Infrastructure Corporation Limited for the redevelopment of Darbhanga Medical College & Hospital at Laheriasarai
 "NCC shares up 5% on receiving LoA from Bihar Medical for ₹1,480-cr project")
CarTrade zooms over 450% in 2 years after tanking 79% against issue price
On Friday, March 21, 2025, global investment management firm Vanguard Group bought 713,835 shares or 1.5 per cent stake worth ₹128.81 crore of CarTrade Tech via bulk deals on the NSE
 "CarTrade zooms over 450% in 2 years after tanking 79% against issue price")