Closing Bell: Market bounces back as crude cools; Nifty above 24,250, Sensex gain 640 pts

Indian equity indices ended on strong note with Nifty above 24,250 on March 10. At close, the Sensex was up 639.82 points or 0.82 percent at 78,205.98, and the Nifty was up 233.55 points or 0.97 percent at 24,261.60.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Indian equity markets staged a sharp recovery on Tuesday, March 10, 2026, snapping a multi-session losing streak to end on a strong note. The Sensex surged 639.82 points, or 0.82 percent, to close at 78,205.98, while the Nifty 50 advanced 233.55 points, or 0.97 percent, to settle at 24,261.60, reclaiming the 24,250 mark with conviction. The broader markets also participated enthusiastically, with the Nifty Midcap index adding 1.6 percent and the Smallcap index rising 2 percent, reflecting renewed risk appetite across market capitalisation segments. Sectorally, the session was a positive one, with all major indices ending in the green except IT and oil & gas. The Auto index led sectoral gains with a rise of 3 percent, while Consumer Durables added 2.6 percent and the PSU Bank index advanced 2.2 percent. Realty, media, and pharma indices also posted healthy gains.

On the corporate front, several significant developments captured investor attention. Dixon Technologies received approval from the Ministry of Electronics and Information Technology for an investment by HKC Overseas (HKO), an affiliate of HKC Corporation, in Dixon Display Technologies.

Post this transaction, Dixon Display Technologies — currently a wholly owned subsidiary of Dixon — will become a joint venture company, with shareholding held by Dixon and HKO in the ratio of 74:26. Meanwhile, Power Grid Corporation of India’s board approved raising funds of up to Rs 5,000 crore through an unsecured rupee term loan or line of credit from Union Bank of India, and also sanctioned an investment of Rs 233.96 crore for setting up a Security Operations Center for substations.

In a significant strategic move, the board gave in-principle approval for the divestment of its entire equity stake in Central Transmission Utility of India (CTUIL), a wholly owned subsidiary, to Grid Controller of India (GRID-INDIA). Additionally, Power Grid approved entering into a strategic alliance with Africa50 and Uganda Development Bank, along with a framework agreement for the development of a transmission project in Uganda under the Independent Power Transmission model, marking a meaningful step in India’s infrastructure outreach abroad.

Today’s broad-based rally, led by autos, consumer durables, and PSU banks, reflects a shift in sentiment after a prolonged period of FII-driven selling. The cooling of crude oil prices has been a key macro catalyst, offering twin benefits of a stronger rupee and improved margin outlook for consumption-driven sectors. We maintain a constructive medium-term outlook on domestic consumption themes, auto ancillaries, and capital goods. Investors should use this recovery to reassess portfolio quality, track FII flows closely, and watch for any reversal in crude oil trajectory or rupee volatility that could re-introduce near-term uncertainty.

The sharp bounce back that started from Monday has continued on Tuesday and Nifty registered a decent gain of 233 points. After opening with an upside gap of 250 points, the market stood higher for better part of the session. Sustainable upside was seen towards later part and Nifty closed at the highs. The opening upside gap has almost been filled.

A small red candle was formed on the daily chart with long lower shadow. Technically this market action signals a formation of hanging man or doji type of candle pattern (not a classical one). Formation of these candle pattern is not a bullish sign ahead and this indicates a presence of strong overhead resistance around 24400-24500 levels.

The short-term trend of Nifty is positive, but the overall medium-term remains choppy with weak bias. There is a higher possibility of market coming down from near the crucial hurdle in the next few sessions.

The Indian rupee appreciated today as crude oil prices and the US dollar retreated following comments from President Donald Trump signalling a potential end to the conflict with Iran.

Domestic strength was further bolstered by government’s decision to liberalise FDI norms, a move aimed at stabilising rupee. On the charts, spot USDINR has resistance at 92.36 and support at 91.60.

Today, the benchmark indices witnessed a pullback rally. The Nifty ends 234 points higher, while the Sensex was up by 640 points. Among sectors, the Auto index was the top gainer, rallying over 3 percent, whereas the IT index registered intraday profit booking at higher levels. Technically, after a gap-up open, the market held positive momentum throughout the day. On intraday charts, it is forming a reversal pattern, which supports a further uptrend from the current levels.

We are of the view that, in the short term, the market remains weak, but as long as it trades above 24,000-24,100/77500-77700, a pullback move is likely to continue. On the higher side, 24,450-24,500/78800-79000 would be the immediate resistance zone for the bulls. Conversely, a breach of 24,000/77500 could change the sentiment. Below that, the chances of hitting 23,900-23,850/77300-77200 would increase.

Markets witnessed a strong rebound on Tuesday, recovering a part of the previous session’s sharp losses amid improved global cues and easing concerns over crude oil prices. The Nifty opened on a firm note following positive global signals but remained range bound thereafter to finally close at 24,261; up by 0.97%.

Sectoral participation remained largely positive. Auto, banking and realty stocks witnessed buying interest, while IT ended marginally lower. On the broader front, midcap and smallcap indices also edged higher, reflecting a relief rally after the recent broad-based sell-off.

Investor sentiment improved slightly as global markets stabilized and crude oil prices cooled from their recent spike, which had earlier triggered concerns over inflation and economic growth. Expectations of easing geopolitical tensions in the Middle East and supportive cues from global equities also aided the recovery in domestic markets.

On the technical front, the rebound has helped the Nifty move back above the 24,000 mark, indicating some stability after the recent breakdown. However, the index still faces a strong resistance zone around 24,400–24,600, a decisive move above this band is required for a sustainable recovery. On the downside, 23,700–23,900 remains the immediate support zone. Given the prevailing volatility and global uncertainties, participants are advised to remain selective and focus on disciplined risk management while taking fresh positions.

On Tuesday, the benchmark index Nifty opened with a gap up as global crude oil prices corrected sharply after briefly touching a high of $116.19 per barrel. Post the positive opening, the Nifty slipped to an intraday low of 24080, but the index then moved into a steady upward trajectory, indicating renewed buying participation. It eventually closed at 24261.60, registering a gain of nearly 1%. The daily chart shows a small bodied candle with a long lower shadow, highlighting demand at lower levels. The daily RSI also saw a mild rebound, reflecting stabilisation in momentum after recent volatility.

Among Nifty constituents, Shriram Finance and TMPV emerged as the top gainers, while Reliance Industries and Infosys were the major laggards. Sectorally, barring Nifty IT and Nifty Oil & Gas, all other indices ended in the green. Nifty Auto, Nifty Consumer Durables, and Nifty PSU Bank led the rally. Meanwhile, the India VIX cooled off sharply, declining over 19%, indicating easing fear levels.

The broader markets outperformed, with Nifty Midcap 100 and Nifty Smallcap 100 delivering stronger gains compared to the frontline indices. Market breadth was robust, with the Advance/Decline ratio skewed in favour of advancers. From the Nifty 500 universe, 431 stocks closed on a positive note, pointing to broad based buying interest.

Nifty View

Going ahead, the zone of 24370-24400 will act as an important hurdle for the index. Any sustainable move above 24400 will lead to extension of pullback rally upto the 24650 level. On the downside, the 24160–24130 zone will act as immediate support for the index.

Bank Nifty View

The Bank Nifty also witnessed a pullback rally on Tuesday, and it has outperformed frontline the indices. However, it is still trading below its crucial moving averages. The daily RSI has witnessed a minor pullback.

Going ahead, the 200-day EMA zone of 57400-57500 will act as an important hurdle for the index. Any sustainable move above 57500 will lead to extension of pullback rally upto the 58100 level. On the downside, the zone of 56600-56500 will act as immediate support.

Dalal Street mirrored the improvement in global sentiment after the sharp decline in crude oil prices, following comments from Trump hinting at a possible end to the war. However, elevated levels of India VIX continued to signal underlying uncertainty in the market.

Broader markets outperformed the benchmark indices, with most sectors trading in positive territory. Fertilizer stocks advanced after the government prioritized gas allocation to the sector, while oil and gas stocks witnessed some correction due to the curtailment of gas allocation.

In the near term, markets are likely to remain in the woods, with investors closely monitoring signs of geopolitical de-escalation. Greater clarity could trigger value buying in sectors that have been most affected by recent volatility.

The Nifty staged a decent recovery and ended the day with gains after a volatile session. However, the index appears to be approaching a resistance zone, and the 24300–24350 range could act as an area where sellers may look to re-enter the market.

Overall, the sell-on-rise scenario is likely to persist. On the downside, immediate support is placed at 24150; a break below this level could trigger renewed selling pressure. If the index slips below 24150, it may decline further towards 23800.

Bank Nifty witnessed a sharp rebound after breaking below its rising trendline and slipping under the 200-day moving average, as the RSI had entered the oversold zone indicating a possible technical pullback. In the short term, the index is expected to test its 200-day moving average resistance placed near 57,500. Sustaining above this level could lead to further recovery.

However, a stronger bullish view would emerge only after the index reclaims its 50-day moving average. Until then, a cautious stance is advisable with support at 56,200 and resistance at 57,500.

Indian rupee ended 53 paise higher at 91.80 per dollar on Tuesday versus previous close of 92.33.

Indian equity indices ended on strong note with Nifty above 24,250 on March 10.

At close, the Sensex was up 639.82 points or 0.82 percent at 78,205.98, and the Nifty was up 233.55 points or 0.97 percent at 24,261.60. About 2998 shares advanced, 1111 shares declined, and 125 shares unchanged.

Biggest Nifty gainers were Shriram Finance, Interglobe Aviation, Eicher Motors, Tata Motors Passenger Vehicle, M&M, while losers included Infosys, Eternal, Bharti Airtel, ONGC, Reliance Industries.

Among sectors, except IT and oil & gas all other indices ended in the green with Auto index rose 3 percent, Consumer Durables index added 2.6 percent, PSU Bank index rose 2.2 percent.

Nifty Midcap index added 1.6 percent and Smallcap indices rose 2 percent.

#1 Company’s scaling up as major GLP & peptide CDMO player

#2 2 complex oral GLP intermediates & injectable GLP projects to add USD 600 million & > USD 400 million revenue by FY32

#3 Strong peptide pipeline & deep big pharma ties support growth

#4 Likely beneficiary of Eli Lilly’s India supply chain expansion

#5 Expect around 15 percent revenue CAGR & 20 percent EPS CAGR over FY26–32

#6 Company positioned to become around USD 2.7 billion revenue player by early 2030s

The mutual fund industry continued to demonstrate resilience in February despite volatility stemming from heightened geopolitical tensions in the Middle East. Investor flows remained steady, indicating a measured and mature response to market fluctuations. Equity-oriented categories such as Flexi Cap, Mid Cap, and Small Cap funds continued to attract healthy inflows, indicating continued investor preference for diversified and growth-oriented strategies.

At the same time, sustained participation in liquid and hybrid funds highlights a balanced approach toward asset allocation.

Overall, the trend suggests that investors are increasingly focused on long-term investing and are using periods of market volatility to stay invested rather than reacting with short-term panic.

#1 Stock up around 40 percent from January lows following strong Dec 2025 quarter

#2 Company trades at around 47x FY27 PE, 5 percent above 5-year historical average

#3 Summer demand, electronics expansion, acquisition ramp-up are key catalysts

#4 2 new customers added in data center business

#5 RAC industry volumes expected to grow in mid-teens in CY26 on low base

#6 Company secures 3 ECMS approvals for PCB manufacturing in electronics segment

#7 Company targets doubling mobility sales over next 3 years

#8 Estimate around 48 percent EPS CAGR over FY25–28

#1 CDMO plant start-up & first dispatch in mid-March 2026 to support near-term revenues

#2 Limited demand risk for large CTPR molecule despite FMC challenges

#3 Management’s Rs 2,000 crore EBITDA target by FY30 appears unrealistic

#4 Capability gaps seen in fluorination & semiconductor chemicals

#5 Potential 2.5x EBITDA growth over four years & attractive valuation support upgrade to add

Jubilant Ingrevia was quoting at Rs 570.20, up Rs 28.50, or 5.26 percent.

It has touched an intraday high of Rs 577.40 and an intraday low of Rs 544.10.

It was trading with volumes of 23,511 shares, compared to its five day average of 41,804 shares, a decrease of -43.76 percent.

Dixon has received approval from the Ministry of Electronics and Information Technology, Government of India, for investment by HKC Overseas (HKO), an affiliate of HKC Corporation, in Dixon Display Technologies.

After the proposed transaction, Dixon Display Technologies—currently a wholly owned subsidiary of Dixon—will become a joint venture company, with shares held by Dixon and HKO in the proportion of 74:26.

#1 Company operates as near-monopoly in India’s value e-commerce segment

#2 Business focussed on low-value, non-time-sensitive parcel deliveries

#3 Profitability improvement seen challenging, gains may come at cost of growth

#4 Long-term valuation hinges on monetisation of customer data beyond core business

QIB – 0.96 times

NII - 0.00 times

Retail – 0.01 times

Overall – 0.02 times

QIB – 0.99 times

NII - 0.77 times

Retail – 0.09 times

Overall – 0.36 times

Indian rupee is trading higher by 46 paise at 91.87 per dollar against Monday's close of 92.33.

The interest in equity markets and investment products continues. Though the markets have been volatile because of geo-political situation however the investors have become more aware about valuation corrections and thus SMID continue to attract flows. The flows in hybrid, Gold ETFs reflect that investors want to simultaneously hedge portfolios, which in general is a way to hedge against global volatility.

However, after a massive January Gold ETF flows, it appears that some money is rotating back to equities because of equity price corrections. The overall AUM has crossed 82000 Crs, a testament to the deepening of financialization of Indian savings. Despite February having fewer days which slightly impacted the SIP, the underlying sentiment remains robust with folio growth.

Cyient today announced a strategic partnership with Prospecta, a leader in enterprise Master Data Management (MDM) and data

governance solutions. Together, the companies will help accelerate asset-intensive industries in embracing intelligence by delivering a platform-led, industry-leading Master Data Management solution that transforms fragmented operational data into a single, trusted digital foundation for industries such as Mining, Energy, and Transportation.

Cyient was quoting at Rs 907.95, up Rs 48.80, or 5.68 percent.

It has touched an intraday high of Rs 912.65 and an intraday low of Rs 864.10.

It was trading with volumes of 18,446 shares, compared to its five day average of 16,484 shares, an increase of 11.90 percent.

The standout takeaway from February's AMFI data is the resilience of equity inflows despite ongoing market volatility. Categories like Flexi-cap, Mid-cap and Small-cap continued to attract meaningful allocations, a signal that investors are leaning into segments that have witnessed drawdowns and now offer relative value.

Gold ETFs, which saw record inflows in January 2026, appear to have moderated, suggesting that some of that defensive positioning is unwinding and equity is regaining its appeal as the preferred vehicle for long-term wealth creation.

The board has approved raising funds of up to Rs 5,000 crore through an unsecured rupee term loan/line of credit (bank facility) from Union Bank of India and an investment of Rs 233.96 crore for a Security Operations Center for substations (OT SOC).

Further, the board also gave in-principle approval for the divestment of its entire equity stake in Central Transmission Utility of India (CTUIL), a wholly owned subsidiary of Power Grid, to Grid Controller of India (GRID-INDIA).

The board also approved entering into a strategic alliance with Africa50 and Uganda Development Bank and signing a framework agreement for the development of a transmission project in Uganda under the Independent Power Transmission (IPT) model.

The Sensex was up 568.85 points or 0.73 percent at 78,135.01, and the Nifty was up 209.20 points or 0.87 percent at 24,237.25. About 2846 shares advanced, 997 shares declined, and 122 shares unchanged.

Cipla USA Inc., a wholly owned subsidiary of the company, has decided to initiate a recall of the unexpired batches of Lanreotide Injection, leading to temporary lack of supply to the market.

Cipla was quoting at Rs 1,332.35, up Rs 7.20, or 0.54 percent.

It has touched an intraday high of Rs 1,340.00 and an intraday low of Rs 1,317.00.

It was trading with volumes of 31,842 shares, compared to its five day average of 48,984 shares, a decrease of -34.99 percent.

Dixon has received approval from the Ministry of Electronics and Information Technology, Government of India, for investment by HKC Overseas (HKO), an affiliate of HKC Corporation, in Dixon Display Technologies.

After the proposed transaction, Dixon Display Technologies—currently a wholly owned subsidiary of Dixon—will become a joint venture company, with shares held by Dixon and HKO in the proportion of 74:26.

The company has issued and allotted Series 14 – 2,00,000 non-convertible debentures (NCDs) worth Rs 2,000 crore at a coupon rate of 7.97% per annum on a private placement basis.

Torrent Power was quoting at Rs 1,457.30, up Rs 29.35, or 2.06 percent. It has touched an intraday high of Rs 1,463.25 and an intraday low of Rs 1,435.85.

Indian rupee is trading higher by 50 paise at 91.83 per dollar against Monday's close of 92.33.

The Sensex was up 547.68 points or 0.71 percent at 78,113.84, and the Nifty was up 198.30 points or 0.83 percent at 24,226.35. About 2893 shares advanced, 895 shares declined, and 127 shares unchanged.

Shriram Finance was quoting at Rs 1,054.10, up Rs 66.95, or 6.78 percent.

It has touched an intraday high of Rs 1,056.80 and an intraday low of Rs 1,006.90.

It was trading with volumes of 424,910 shares, compared to its five day average of 280,724 shares, an increase of 51.36 percent.

Coromandel International was quoting at Rs 2,101.60, up Rs 102.50, or 5.13 percent.

It has touched an intraday high of Rs 2,116.95 and an intraday low of Rs 1,991.

It was trading with volumes of 1,136,642 shares, compared to its five day average of 45,228 shares, an increase of 2,413.14 percent.

KEI Industries was quoting at Rs 4,460.60, down Rs 329.45, or 6.88 percent.

It has touched an intraday high of Rs 4,849.50 and an intraday low of Rs 4,460.60.

It was trading with volumes of 36,805 shares, compared to its five day average of 31,944 shares, an increase of 15.22 percent.

In the previous trading session, the share closed down 2.66 percent or Rs 130.65 at Rs 4,790.05.

The share touched a 52-week high of Rs 5,301.10 and a 52-week low of Rs 2,443.70 on 02 March, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 15.86 percent below its 52-week high and 82.53 percent above its 52-week low.

Market capitalisation stands at Rs 42,643.60 crore.

The board of directors of the company at its meeting held today approved the setting up of a new manufacturing facility at Bharuch, Gujarat and expansion of the production capacity of Borosilicate Glass Furnace for Pressware Products from 25 TPD to 32 TPD at the company’s Plant at Jaipur, Rajasthan.

Ramco Systems will implement its next-gen Aviation Software at the upcoming Defence MRO facility of Tata Advanced Systems

Limited (TASL), the strategic Aerospace and Defence arm of the TATA Group. The new facility, which will specialize in Lockheed Martin’s C130J Super Hercules aircraft maintenance for the Indian Airforce, represents a major step in TASL’s commitment to building a modern, technology‑enabled MRO ecosystem.

Ramco System was quoting at Rs 420.40, up Rs 16.50, or 4.09 percent. It has touched an intraday high of Rs 444.00 and an intraday low of Rs 400. It was trading with volumes of 32,153 shares, compared to its five day average of 4,766 shares, an increase of 574.60 percent.

The office of the commissioner of state tax, Maharashtra, has initiated a search under the Maharashtra Goods and Services

Tax, 2017 at the corporate office of the company in Mumbai on March 09, 2026.

The company is cooperating with the officials and is responding to all the clarifications and details sought by them. This has not impacted on the operations of the Company, which are continuing as usual, it added.

Sterling and Wilson Renewable Energy was quoting at Rs 174.40, up Rs 0.20, or 0.11 percent. It has touched an intraday high of Rs 178.50 and an intraday low of Rs 174.

Bharti Airtel today announced the expansion of its network footprint to Marwah - a geographically remote area linking Kishtwar and Anantnag in Jammu & Kashmir.

Bharti Airtel was quoting at Rs 1,853.10, down Rs 14.05, or 0.75 percent.

It has touched an intraday high of Rs 1,886.75 and an intraday low of Rs 1,846.55.

It was trading with volumes of 139,196 shares, compared to its five day average of 700,732 shares, a decrease of -80.14 percent.

The company has signed a license agreement for a 76-room new hotel in Gorakhpur, Uttar Pradesh. The new property will be managed by its subsidiary, Carnation Hotels.

Lemon Tree Hotels was quoting at Rs 107.10, down Rs 0.75, or 0.70 percent.

It has touched an intraday high of Rs 110.40 and an intraday low of Rs 106.95.

It was trading with volumes of 206,808 shares, compared to its five day average of 251,648 shares, a decrease of -17.82 percent.

CreditAccess Grameen has signed a syndicated social loan facility of USD 75 million, qualifying as an ECB under the automatic route of the Reserve Bank of India (RBI).

CreditAccess Grameen was quoting at Rs 1,212.45, up Rs 57.80, or 5.01 percent.

It has touched an intraday high of Rs 1,217.20 and an intraday low of Rs 1,174.75.

It was trading with volumes of 11,698 shares, compared to its five day average of 14,933 shares, a decrease of -21.66 percent.

The company has received a Draft Assessment Order from the Assessing Officer of the Income Tax Department, proposing additions of Rs 111.63 crore to the company’s income under corporate tax and transfer pricing provisions for AY 2023-24.

Akzo Nobel India was quoting at Rs 2,838.00, up Rs 123.45, or 4.55 percent.

It has touched an intraday high of Rs 2,848.00 and an intraday low of Rs 2,760.10.

#1 India APE growth rebounds to around 20 percent YoY in February 2026

#2 March volumes may be impacted by volatile market

#3 Most life insurers report strong pick-up in individual APE on higher policies sold

#4 India AS adoption & potential commission changes could improve sector fundamentals

The company’s subsidiary, Bajaj Allianz General Insurance, recorded gross direct premium underwritten of Rs 1,094 crore in February, while another subsidiary, Bajaj Allianz Life Insurance, reported a total premium of Rs 1,281.28 crore during the same month.

Bajaj Finserv was quoting at Rs 1,867.00, up Rs 26.35, or 1.43 percent.

It has touched an intraday high of Rs 1,868.05 and an intraday low of Rs 1,841.90.

It was trading with volumes of 5,186 shares, compared to its five day average of 77,975 shares, a decrease of -93.35 percent.

The company has issued and allotted Series 14 – 2,00,000 non-convertible debentures (NCDs) worth Rs 2,000 crore at a coupon rate of 7.97% per annum on a private placement basis.

Torrent Power was quoting at Rs 1,456.75, up Rs 28.80, or 2.02 percent.

It has touched an intraday high of Rs 1,463.25 and an intraday low of Rs 1,435.85.

It was trading with volumes of 5,673 shares, compared to its five day average of 35,974 shares, a decrease of -84.23 percent.

ICICI Prudential Life Insurance Company was quoting at Rs 604.55, up Rs 3.65, or 0.61 percent.

It has touched an intraday high of Rs 619.90 and an intraday low of Rs 601.90.

It was trading with volumes of 3,155 shares, compared to its five day average of 30,539 shares, a decrease of -89.67 percent.

The Sensex was up 533.27 points or 0.69 percent at 78,099.43, and the Nifty was up 183.45 points or 0.76 percent at 24,211.50. About 2845 shares advanced, 863 shares declined, and 134 shares unchanged.

#1 Dixon-HKC JV for display modules receives government approval

#2 Backward integration into display modules to drive structural margin tailwind

#3 Display plant construction on track, trials likely from Q2FY27, ramp-up in H2FY27

#4 Display module assembly offers healthy double-digit margin

#5 Potential to add around 50 bps to overall margin by FY28, up to 100 bps with full ramp-up

#6 Stock trades at around 30x FY28 EPS

Dixon Technologies was quoting at Rs 10,363.40, up Rs 558.10, or 5.69 percent. It has touched an intraday high of Rs 10,501.00 and an intraday low of Rs 10,165. It was trading with volumes of 103,131 shares, compared to its five day average of 71,901 shares, an increase of 43.43 percent.

Broader markets also traded firmly higher. The Nifty Midcap 100 rose 1.39 percent, while the Nifty Smallcap 100 gained 1.73 percent. Meanwhile, India VIX declined 15.24 percent to 19.80, indicating easing volatility in the market.

Sectorally, most indices traded in the green, with Nifty Auto rising 2.23 percent and Nifty Bank gaining 1.67 percent. Consumer Durables jumped 1.92 percent, while Metal, Pharma and Realty indices also posted firm gains. However, Nifty IT remained under pressure, slipping 0.75 percent, making it the only major sectoral index in the red.

On the downside, Infosys shares fell 1.46 percent, leading the list of Nifty losers. Eternal stock declined 1.38 percent, while Tech Mahindra slipped 0.73 percent. Other laggards included TCS, ONGC, Bharti Airtel, Reliance Industries and HCLTech, though losses remained relatively limited compared to broader market gains.

Among the top gainers on the Nifty, Shriram Finance shares jumped 6.46 percent, emerging as the biggest gainer on the index. InterGlobe Aviation stock rose 3.76 percent, while Eicher Motors gained 3.17 percent. Other notable gainers included Tata Motors DVR (TMPV), ICICI Bank, UltraTech Cement, SBI Life Insurance, Dr Reddy’s Laboratories, Mahindra & Mahindra and Asian Paints, each advancing over 2 percent.

Indian equity benchmarks extended their gains in late morning trade on Tuesday, with the Sensex rising 655 points to 78,221 and the Nifty climbing 217 points to 24,245 at 11:36 am. Market breadth remained strongly positive, with 2,853 shares advancing against 816 declining, while 137 remained unchanged.

Indian Overseas Bank has received a tax demand order of Rs 502 crore for the assessment year 2018, the bank said. Shares of Indian Overseas Bank were trading at Rs 33.30, up 0.82 percent for the day.

Shares of Ramco Systems gained sharply after Tata Advanced Systems selected the company to develop aviation software for a new Maintenance, Repair and Overhaul (MRO) facility for the Indian Air Force. Ramco Systems Ltd was trading at Rs 434.25, up 7.8 percent for the day, following the development.

Indian Overseas Bank was quoting at Rs 33.36, up Rs 0.31, or 0.94 percent.

It has touched an intraday high of Rs 33.78 and an intraday low of Rs 33.05.

It was trading with volumes of 259,397 shares, compared to its five day average of 589,387 shares, a decrease of -55.99 percent.

In the previous trading session, the share closed down 2.99 percent or Rs 1.02 at Rs 33.05.

Dreamfolks Services was quoting at Rs 74.65, up Rs 1.64, or 2.25 percent.

It has touched an intraday high of Rs 74.72 and an intraday low of Rs 73.02.

It was trading with volumes of 7,310 shares, compared to its five day average of 19,740 shares, a decrease of -62.97 percent.

Gujarat State Fertilizers & Chemicals was quoting at Rs 159, up Rs 8.45, or 5.61 percent.

It has touched an intraday high of Rs 159 and an intraday low of Rs 150.40.

It was trading with volumes of 41,678 shares, compared to its five day average of 57,103 shares, a decrease of -27.01 percent.

Macfos was quoting at Rs 889, up Rs 75.36, or 9.26 percent. It has touched an intraday high of Rs 940 and an intraday low of Rs 850.

In the previous trading session, the share closed down 4.69 percent or Rs 40 at Rs 813.64. The share touched a 52-week high of Rs 1,013.64 and a 52-week low of Rs 572.73 on 25 February, 2026 and 12 August, 2025, respectively. Currently, the stock is trading 12.3 percent below its 52-week high and 55.22 percent above its 52-week low. Market capitalisation stands at Rs 837.16 crore.

The Sensex was up 534.35 points or 0.69 percent at 78,100.51, and the Nifty was up 173.50 points or 0.72 percent at 24,201.55. About 2838 shares advanced, 754 shares declined, and 132 shares unchanged.

Indian rupee has erased some of the opening gains but still trading higher at 92.10 per dollar against Monday's close of 92.33.

Dixon has received approval from the Ministry of Electronics and Information Technology, Government of India, for investment by HKC Overseas (HKO), an affiliate of HKC Corporation, in Dixon Display Technologies. After the proposed transaction, Dixon Display Technologies—currently a wholly owned subsidiary of Dixon—will become a joint venture company, with shares held by Dixon and HKO in the proportion of 74:26.

QIB – 0.99 times

NII - 0.68 times

Retail – 0.06 times

Overall – 0.32 times

HEC Infra Projects has received workorder worth Rs 36.50 crores from MJS Siemens Financial Services. This project was regarding EPC order for 10.4 M/W Solar Power Plant Generation system.

HEC Infra Projects was quoting at Rs 113.70, up Rs 1.27, or 1.13 percent.

It has touched an intraday high of Rs 116.80 and an intraday low of Rs 112.20.

It was trading with volumes of 1,253 shares, compared to its five day average of 113,541 shares, a decrease of -98.90 percent.

Trac Precision Solutiona, part of the PTC Industries Group, has signed a multi-year Memorandum of Understanding (MoU) with Coolbrook Oy, a transformational technology and engineering company, to collaborate on the machining and manufacture of components for Coolbrook’s RotoDynamic Heater (RDH) technology.

PTC Industries was quoting at Rs 17,435.00, up Rs 171.10, or 0.99 percent.

It has touched an intraday high of Rs 17,649.15 and an intraday low of Rs 17,364.50.

KPI Green Energy has successfully commissioned an additional 24.2 MW AC / 35.01 MW DC capacity in its ongoing 250 MW AC / 350 MW DC grid-connected solar IPP project awarded by Gujarat Urja Vikas Nigam (GUVNL).

With this commissioning, the total commissioned capacity under the project has reached 48.4 MW AC /69.41 MW DC.

The project forms part of the 250 MW AC (350 MW DC) grid-connected Solar Photovoltaic Power Project awarded to KPI Green Energy Limited through a competitive bidding process.

Vishnu Prakash R Punglia has repaid approximately Rs 328 crore of debt, resulting in a nearly 50 percent reduction in its overall bank borrowings.

The company has also significantly reduced its TReDS outstanding from Rs 345 crore to Rs 17 crore, which led to a significant strengthening of the company’s balance sheet and working capital discipline.

Vishnu Prakash R Punglia was quoting at Rs 40.94, up Rs 1.30, or 3.28 percent. It has touched an intraday high of Rs 42.40 and an intraday low of Rs 39.73. It was trading with volumes of 3,376,023 shares, compared to its five day average of 906,934 shares, an increase of 272.25 percent.

Wockhardt was quoting at Rs 1,318.10, up Rs 49.45, or 3.90 percent.

It has touched an intraday high of Rs 1,340 and an intraday low of Rs 1,275.30.

It was trading with volumes of 13,255 shares, compared to its five day average of 45,353 shares, a decrease of -70.77 percent.

In the previous trading session, the share closed down 2.33 percent or Rs 30.30 at Rs 1,268.65.

The share touched a 52-week high of Rs 1,870 and a 52-week low of Rs 1,157 on 12 June, 2025 and 09 April, 2025, respectively.

Currently, the stock is trading 29.51 percent below its 52-week high and 13.92 percent above its 52-week low.

Market capitalisation stands at Rs 21,418.09 crore.

The board has approved raising funds of up to Rs 5,000 crore through an unsecured rupee term loan/line of credit (bank facility) from Union Bank of India and an investment of Rs 233.96 crore for a Security Operations Center for substations (OT SOC).

Further, the board also gave in-principle approval for the divestment of its entire equity stake in Central Transmission Utility of India (CTUIL), a wholly owned subsidiary of Power Grid, to Grid Controller of India (GRID-INDIA).

The board also approved entering into a strategic alliance with Africa50 and Uganda Development Bank and signing a framework agreement for the development of a transmission project in Uganda under the Independent Power Transmission (IPT) model.

Power Grid Corporation of India was quoting at Rs 295.65, up Rs 0.40, or 0.14 percent. It has touched an intraday high of Rs 298.25 and an intraday low of Rs 293.75. It was trading with volumes of 38,776 shares, compared to its five day average of 1,135,622 shares, a decrease of -96.59 percent.

At the upper price band of Rs 548, the issue is valued at a P/E ratio of 32.5x based on its 1HFY26 annualized earnings on post-issue capital. Innovision demonstrated resilient performance with Revenue/EBITDA/PAT growing at a CAGR of 86.9%/85.0%/80.8% between FY23-FY25 to Rs 893cr/ Rs 49cr/ Rs 29cr respectively.

When compared to its peers, the IPO valuations appears to be premium. Furthermore, the company exhibits a significant concentration of business in terms of both clients and geographical regions.

It is also facing a considerable number of legal and regulatory challenges, along with debarment notices from some clients. While growth is strong, the margins are very low and are subject to high employee attrition. Hence, we recommend investors to AVOID the issue and monitor the company's performance after it is listed.