Page 8 - Markets News

I-T Dept asks brokers to remit excess STT collected from customers

Income Tax Department has asked brokers to deposit excess securities transaction tax collected from clients for FY24 and earlier years along with interest

US-Iran war puts ₹70,000 cr dent in LIC's portfolio; banks, L&T worst hit

Holdings in SBI, ICICI Bank and HDFC Bank accounted for more than one-fifth of the losses for Life Insurance Corporation of India; while L&T alone created a 11 per cent dent, shows ACE Equity data.

HKC JV approval removes overhang, may boost Dixon Technologies' margins

Dixon Technologies shares surged after MeitY approved its joint venture with HKC Overseas to manufacture display modules, with analysts expecting improved margins and value addition

Ackman seeks $10 billion in New York IPO of Pershing Square and Fund

Ackman is eyeing a dual public offering for Pershing Square and a US-listed closed-end fund called Pershing Square USA, which he had previously sought to take public in 2024

Market Close: Sensex gains 640 pts, Nifty tops 24,260; Trump says Iran war may end soon; Oil down 9%

Sensex Today | Stock Market Highlights, Tuesday: The Nifty MidCap and the Nifty SmallCap indices were trading 1.62 per cent and 2.12 per cent higher, respectively.

Dixon Technologies gains 13% on getting approval for JV with HKC Overseas

The buying on the counter came after Ministry of Electronics and Information Technology approved Dixon Tech's joint venture (JV) with HKC Overseas to manufacture display modules

LPG shortage shuts restaurants across cities; QSR, Eternal, Swiggy stks hit

QSR and food delivery stocks, including Jubilant FoodWorks, Devyani International & Eternal fell as LPG shortage forced restaurants and hotels to shut kitchens across cities like Mumbai and Bengaluru

AMC stocks: Aditya Birla Sun Life zooms 20%; ICICI Pru, Nippon Life soar 6%

Equity mutual funds attracted net inflows of ₹25,978 crore in February, marking an 8 per cent rise from the previous month amid the India-US trade deal.

HDB Financial gets 'Buy' rating from ICICI Sec; target ₹900, 34% upside

ICICI Securities has initiated coverage on HDB Financial with a 'Buy' rating and a target of ₹900. The brokerage cites strong parentage of HDFC Bank and robust NBFC growth outlook as key triggers

TCS stock at lowest level since October 2020, tanks 17% in 1 month

Thus far in the calendar year 2026, TCS's market price plunged 23 per cent, as against 7.4 per cent decline in Nifty 50, data shows. The NIfty IT index lost over 1 per cent in trade on Tuesday.

AU SFB: Motial Oswal sees up to 34% upside on universal bank transition

Motilal Oswal expects AU Small Finance Bank shares to rally to ₹1,250, implying an upside of around 34 per cent from current levels

Sedemac Mechatronics IPO to list on Mar 11; here's what latest GMP hints at

Sedemac Mechatronics IPO received a decent investor response with an overall subscription of 2.68 times, driven by strong participation from qualified institutional buyers

SAT upholds Sebi order against Sahara group firm in ₹14,106-crore OFCD case

Tribunal rules Sahara India Commercial Corporation's OFCD mobilisation of ₹14,106 crore from 19.8 million investors was a public offer under securities regulations

Nifty Auto rises 2% as crude corrects; Hero MotoCorp, TVS, Eicher rally

Auto stock: Individually, among others, Hero MotoCorp, TVS Motor Company, Samvardhana Motherson International, Sona BLW Precision Forgings, Uno Minda, and Ashok Leyland climbed over 3 per cent

Elara sees essential-led growth in LG Electronics; starts with 'Accumulate'

Elara believes LGEIL could see accelerated revenue growth of 14-16 per cent (upside case) during FY26E-FY30E from the current growth of around 11 per cent

R Systems International jumps 29% in two days; what's driving the rally?

A total of 40.82 million equity shares of R Systems, valued at approximately ₹1362.07 crore, changed hands on the BSE and NSE during the session

IndiGo, SpiceJet shares rally up to 8% on easing oil prices

Notably, airline companies benefit from lower fuel prices, as aviation turbine fuel (ATF) accounts for a significant portion of their operating costs

Petronet LNG, IGL, GAIL jump up to 6% on Iran war easing hopes

US President Donald Trump said the war against Iran was "very complete", adding that the US is considering taking control of the Strait of Hormuz

Fertiliser stocks in demand: RCF, Chambal, Deepak, GSFC, GNFC zoom upto 12%

US-Iran war impact: West Asian nations are key suppliers of major fertilisers as well as raw materials for fertiliser manufacturing like sulphur, ammonia etc.

Nomura retains confidence in Indian steel cos; Tata, JSW among top picks

Among sector players, Nomura has maintained Buy recommendations on Tata Steel with a target price of ₹220 per share, JSW Steel at ₹1,340, Jindal Steel at ₹1,280, and Lloyds Metals & Energy at ₹1,600