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Debaroti Adhikary

Senior Sub Editor

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Nifty Pharma extends losses for a fifth session as generics players fret over tariff deadline

BUSINESS

Nifty Pharma extends losses for a fifth session as generics players fret over tariff deadline

Currently, US charges nearly zero duty on pharmaceutical imports, while India imposes around 10 percent tax on pharma imports from US. Domestic pharma companies are fearful of any potential impact due to Trump's reciprocal tariffs.

HBL Engineering shares soar 12% after bagging five 'Kavach' contracts worth Rs 763 crore

BUSINESS

HBL Engineering shares soar 12% after bagging five 'Kavach' contracts worth Rs 763 crore

HBL Engineering has bagged five contracts related to provision of Kavach systems, with a total value of Rs 762.56 crore, encompassing 413 stations, and covering 3,900 km of land. Each of the contracts are scheduled to be completed in 18 months.

HUDCO's board to consider Rs 65,000 crore borrowing plan for FY26 on April 4

BUSINESS

HUDCO's board to consider Rs 65,000 crore borrowing plan for FY26 on April 4

The board of HUDCO will consider to increase its overall borrowing limit to Rs 2.5 lakh crore from the current Rs 1.5 lakh crore on April 4.

BHEL gets LoI for Rs 11,800-crore order from Chhattisgarh power co, shares rise 3%

BUSINESS

BHEL gets LoI for Rs 11,800-crore order from Chhattisgarh power co, shares rise 3%

BHEL shares have now extended gains for the second consecutive session, rising over 5 percent since markets closed on March 26. The stock has risen nearly 23 percent in the past one month.

Broader markets gain more than benchmark indices, as foreign flows support monthly gains for March

BUSINESS

Broader markets gain more than benchmark indices, as foreign flows support monthly gains for March

Nifty ended the March series back above 23,500, with some experts pointing to further upside from here on, even as tariff-related development will be key the sentiment. For the month, key indices are set to snap the string of monthly losses, supported by a revival in foreign inflows.

BEML shares rally 17% after Chhattisgarh govt invites firm to set up advanced mining equipment plant

BUSINESS

BEML shares rally 17% after Chhattisgarh govt invites firm to set up advanced mining equipment plant

Chhattisgarh's Chief Minister Vishnu Deo Sai formally extended the invitation to BEML Chairman and Managing Director Shantanu Roy at the Investor Connect event in Bengaluru.

Adani Energy shares jump 7% on deal with REC arm to buy out Mahan Transmission

BUSINESS

Adani Energy shares jump 7% on deal with REC arm to buy out Mahan Transmission

Adani Energy Solutions has signed a share purchase agreement with Maharatna PSU REC's subsidiary to acquire 100 percent stake in Mahan Transmission Limited (MTL).

United Spirits shares surge 2% after alcoholic beverage-maker declares interim dividend of Rs 4

BUSINESS

United Spirits shares surge 2% after alcoholic beverage-maker declares interim dividend of Rs 4

In another exchange filing, the company said that its board has approved the appointment of Praveen Someshwar as the Managing Director and Chief Executive Officer for a period of five years.

Lupin, Zydus Life, other shares plunge up to 7%, as fears of Trump's pharma tariffs spook investors

BUSINESS

Lupin, Zydus Life, other shares plunge up to 7%, as fears of Trump's pharma tariffs spook investors

Trump had earlier said on March 24 that he will announce tariffs on automobiles, pharmaceuticals and aluminum in the near future. With the new tariffs in place for automobiles, investors worry that pharmaceuticals may be next on the list.

BoB, PNB lead as PSU banking shares rise to support benchmarks, a day after key bill sails through

BUSINESS

BoB, PNB lead as PSU banking shares rise to support benchmarks, a day after key bill sails through

The Nifty PSU Bank index is currently the top gaining sector among NSE indices, supporting gains on Sensex and Nifty, which are higher after a muted start. Bank of Baroda was the top gainer on the index with Citi maintaining a Buy rating and opening a 'positive catalyst watch' on the stock.

Bharat Dynamics shares rise 2% after PSU firm receives Rs 4,362-crore order from Ministry of Defence

BUSINESS

Bharat Dynamics shares rise 2% after PSU firm receives Rs 4,362-crore order from Ministry of Defence

BDL shares have seen significant surge in recent days, rising over 30 percent in the past one month.

Trent shares surge 3% after Westside expands store count to 244 with 3 new additions

BUSINESS

Trent shares surge 3% after Westside expands store count to 244 with 3 new additions

The store portfolio of Westside has strongly surged from the 238 units it had reported at the end of the December quarter of the current financial year.

Zomato, Swiggy shares tumble up to 3% after BofA Securities downgrades stocks, cuts target prices

BUSINESS

Zomato, Swiggy shares tumble up to 3% after BofA Securities downgrades stocks, cuts target prices

Zomato shares have fallen nearly 29 percent in 2025 so far, while Swiggy shares steeply fell around 40 percent during the period

IREDA shares in focus after firm's board approves Rs 30,800 crore borrowing plan for FY26

BUSINESS

IREDA shares in focus after firm's board approves Rs 30,800 crore borrowing plan for FY26

Geojit Financial Services has kept a 'Buy' rating on the stock, with a target price of Rs 196 per share. This implies an upside potential of nearly 15 percent from the stock's previous closing price.

Small, midcap indices down up to 2%, snap six day-rally as gains fizzles amid tariff overhang

BUSINESS

Small, midcap indices down up to 2%, snap six day-rally as gains fizzles amid tariff overhang

The broader market indices underperformed benchmark index Nifty, which too was off highs as investors assessed the durability of the rally and tariff-related news flow.

HCL Tech shares jump 3% after firm becomes Western Union's 'largest preferred partner'

BUSINESS

HCL Tech shares jump 3% after firm becomes Western Union's 'largest preferred partner'

HCL Tech and Western Union will set up a new India-based technology center in Hyderabad.

Selloff in leading shares of drugmakers after Trump hints at tariffs on pharma imports

BUSINESS

Selloff in leading shares of drugmakers after Trump hints at tariffs on pharma imports

Currently, US charges nearly zero duties on pharmaceutical imports. India on the other hand imposes around 10 percent tax on pharma imports from US.

Poonawalla Fincorp shares rise 4% on launching AI-powered underwriting, up 24% in six sessions

BUSINESS

Poonawalla Fincorp shares rise 4% on launching AI-powered underwriting, up 24% in six sessions

Poonawalla Fincorp's stock is currently one of the top gainers on the Nifty Midcap index, having recovered over 30 percent after hitting a 52-week low on March 4, 2025.

Small, midcap indices extend gains for a sixth session on continued buying

BUSINESS

Small, midcap indices extend gains for a sixth session on continued buying

The Nifty Midcap 100 index rose over 1.4 percent, crossing the 52,000-mark for the first time in over one month.

Bank Nifty rises for 8th day: Index surges 2%; Kotak Mahindra Bank shares hit three-year high

BUSINESS

Bank Nifty rises for 8th day: Index surges 2%; Kotak Mahindra Bank shares hit three-year high

This is the highest level seen by the Nifty Bank index since early January; ICICI Bank, Axis Bank also contribute to the rally on Monday.

Nifty Midcap extends rally for a fifth session to gain 8% this week, strength likely to continue

BUSINESS

Nifty Midcap extends rally for a fifth session to gain 8% this week, strength likely to continue

Strong investor interest has meant the midcap index has outperformed the benchmark Nifty 50 index, which is up nearly 4 percent for the week at above 23,300.

BHEL shares jump 3% after firm wins Rs 7,500-crore order from Gujarat State Electricity Corporation

BUSINESS

BHEL shares jump 3% after firm wins Rs 7,500-crore order from Gujarat State Electricity Corporation

BHEL shares have now extended gains for the fifth consecutive session. The stock has now strongly recovered after hitting a 52-week low of Rs 176 per share on March 3.

RVNL shares jump 3% after bagging Rs 554 crore NHAI order in Andhra Pradesh

BUSINESS

RVNL shares jump 3% after bagging Rs 554 crore NHAI order in Andhra Pradesh

RVNL shares have extended gains for a fourth consecutive session, jumping nearly 13 percent since March 17.

BDL, HAL, other defence stocks surge up to 6% on DAC's nod for Rs 54,000 crore acquisition plans

BUSINESS

BDL, HAL, other defence stocks surge up to 6% on DAC's nod for Rs 54,000 crore acquisition plans

The rally in the share prices pushed the Nifty India Defence index up over a percent, extending gains for a seventh consecutive session.

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