Closing Bell: Sensex crashes 1,123 pts, Nifty below 24,500 as US-Iran tensions intensify

Indian markets ended lower on March 4, with the Nifty closing below 24,500 as US-Iran tensions intensified. At close, the Sensex was down 1,122.66 points or 1.40 percent at 79,116.19, and the Nifty was down 385.20 points or 1.55 percent at 24,480.50.

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.

Bank Nifty continues to witness bearish pressure as the index lost more than 1,000 points, although it recovered smartly before the close. The trend remains weak and a sell-on-rise strategy appears favourable in the short term. The RSI is in a bearish crossover and trending lower, indicating weak momentum.

On the lower end, the index may drift towards 58,000–57,500. On the higher side, resistance is placed at 59,500.

Today, the benchmark indices corrected sharply. After a sharp decline, the Nifty ended 385 points lower, while the Sensex was down by 1123 points. Among sectors, almost all the major sectoral indices closed in the negative territory, but the Metal Index lost the most, shedding over 4 percent. Technically, after a gap-down open, the market hovered between the 24,300/78500 to 24,600/79500 range.

We are of the view that the short-term outlook is weak but oversold. For traders, 24,300/78500 would act as a key support zone. If the market sustains above this level, the immediate resistance would be at 24,600/79500. Above 24,600/79500, it could move up to 24,800-25,000/80000-80500. Conversely, a decline below 24,300/78500 could change the sentiment. Below this, the market could slip to 24,100-24,000/78000-77800. The current market texture is extremely volatile and is expected to remain volatile in the near future.

Today, the Indian equity markets ended sharply lower extending losses. The Sensex fell nearly 1,122 points to close around 79,116, while the Nifty 50 slipped about 385 points to end at 24,480. The fall was broad based, with heavy selling across largecaps, midcaps, and smallcaps.

The biggest trigger was the sharp escalation in Middle East tensions. Reports of US-Israel strikes on Iran and Iran’s retaliation pushed global crude oil prices higher. Brent crude jumped nearly 9% to around $85 per barrel, raising concerns about India’s import bill, inflation, and fiscal pressure.

Shipping disruptions in the Strait of Hormuz added to fears of supply constraints.

Globally, markets were weak. Japan’s Nikkei dropped sharply, and risk sentiment deteriorated across Asia. The rupee weakened to around 92.05 against the US dollar, reflecting capital outflows and higher oil prices. Banking, metals, infrastructure, and aviation stocks led the decline. Bank Nifty fell over 2%, while heavyweights in infra and ports saw sharp cuts. Oil-sensitive sectors such as autos and paints also witnessed selling. On the other hand, select defense stocks gained modestly amid rising geopolitical risks. Gold prices remained firm as investors shifted to safe haven assets.

Markets are likely to remain volatile in the near term. If crude prices rise further, macro pressures could intensify. Any signs of geopolitical de-escalation may trigger a short term relief rally. We should remain cautious and focus on defensive sectors like FMCG, pharma, and utilities while closely tracking oil prices, FII flows, and global developments.

The Indian rupee recorded its steepest two-session decline since May 2025, as soaring energy prices intensified fears of persistent inflation and a widening trade deficit. This prevailing risk-off sentiment, coupled with high energy costs, is expected to keep the currency under pressure in the near term.

Investors are closely monitoring the longevity of the Middle East conflict, as a prolonged standoff would likely drive up the import cost of energy and precious metal while hindering export growth.

Spot USDINR faces immediate resistance at 92.60, while key support is firmly established at 91.80.

USDINR has surged to a fresh all-time high near 92.30 in the spot market, driven by the sharp rise in crude oil prices and a broader shortage of dollar liquidity in global markets amid the escalating conflict involving Iran, the US, and Israel.

We expect the RBI to intervene periodically to contain excessive volatility and prevent a disorderly depreciation in the rupee. However, as long as crude oil prices remain elevated, the rupee could continue to face depreciation pressures.

The key variable to monitor now is the status of the Strait of Hormuz, a critical artery for global oil shipments. The longer disruptions persist, the higher oil prices are likely to move, which in turn could push USDINR further upward.

Conversely, any quick de-escalation in the conflict and restoration of normal shipping flows through Hormuz could help stabilize crude prices and provide some relief to the rupee.

Near-term outlook: We expect USDINR spot to trade in a range of 91–93.

The havoc continued in the Indian markets on Wednesday and the Nifty closed the day lower by 385 points. After opening on a huge downside gap of 480 points on the back of weak global cues due to rising geo-political tension, Nifty made an attempt of recovery in the mid part of the session amidst range bound action. The opening downside gap has been filled partially and Nifty closed the day off the lows.

A reasonable green candle was formed on the daily chart with gap down opening and with upper and lower shadow. Technically, this market action indicates sharp selling with minor volatility. We observe meaningful upside recoveries after a sharp gap down openings in the last couple of sessions. This action could be an attempt of bulls to witness relief rally.

The underlying trend of Nifty remains weak amidst global geo-political tension. Nifty is currently sliding down to an important support zone of around 24300-24100 (previous important swing lows and opening up gap of 12th May). Hence, there is a higher possibility of reasonable upside bounce from the lows in the near term. Immediate resistance is placed at 24600.

Global risk sentiment remained fragile amid ongoing tensions in the Middle East and the closure of the Strait of Hormuz, which kept oil prices volatile. Indian equities mirrored the broader risk off environment due to the impact of inflation and potential for higher CAD. The continued depreciation of the INR also remains a key concern, while incremental foreign outflows lead to near-term volatility in the market.

We advise investors to avoid panic sell-off and adopt a disciplined, long-term perspective and exercise patience over the next several weeks, as current price levels may offer a strategic entry point for the medium to long term.

Nifty opened with a sharp gap down of nearly 500 points amid escalating US–Israel–Iran tensions. However, the index traded within a tight range for most of the session and eventually settled at 24481, down 1.55%. With today’s close, Nifty has decisively broken below the crucial 24,570–24,600 support zone on the daily chart, a region that had witnessed strong buying interest on the previous two occasions. The RSI has settled around the 30 mark, signalling bearish momentum, while the widening DI lines indicate a strong dominance of sellers over buyers.

On the sectoral front, Nifty IT ended the day as the lone sectoral gainer, ending with a modest gain of 0.11%. Rupee hitting a record low of 92, could have possibly weighed on IT sector’s sentiment. On the other hand, Nifty Metal, ended the day as the top sectoral loser, followed by Nifty PSU Bank, which has now given consecutive lower close on the daily chart. With regards to stocks, Coal India & Bharti Airtel emerged as the top stock gainers amongst the Nifty pack while Tata Steel & TMPV emerged as the top two losers.

The Midcap and Small cap indices too opened weak and extended their decline in the first half before recovering some ground later in the session. Despite the pullback, both indices ended with losses of over 2%, underperforming the frontline indices.

The market breadth deteriorated further as the advance-decline ratio was heavily tilted in the favour of bears at day’s close. A total of 440 stocks out of the Nifty 500 universe ended in the red.

Nifty View

Going ahead, the immediate support for Nifty is placed in the 24350-24300 zone. This zone acted as a strong support in the month of August 2025. Any sustainable move below this zone could result in Nifty extending its weakness towards 24100, followed by 23800 in the short term. On the upside, the zone of 24650–24700 zone is likely to act as an immediate resistance.

Bank Nifty View

Bank Nifty also opened gap down and largely remained range-bound through the day, closing at 58755, down 1.81%. The index has now slipped below its 100-day EMA on the daily chart. Notably, with today’s move, Bank Nifty has fully filled the 1106-point gap that was created on 3rd February on the back of India-US Trade deal.

For Bank Nifty, the immediate support is placed in the 58200–58100 zone. Any sustainable move below this zone could result in Bank Nifty extending its weakness towards 57700, followed by 57300 in the short term. On the upside, the zone of 59200–59300 zone is likely to act as an immediate resistance.

The Indian rupee settled 67 paise lower at a fresh record closing low of 92.14 per dollar on Wednesday, compared with Monday’s close of 91.47.

Indian markets ended lower on March 4, with the Nifty closing below 24,500 as US-Iran tensions intensified.

At close, the Sensex was down 1,122.66 points or 1.40 percent at 79,116.19, and the Nifty was down 385.20 points or 1.55 percent at 24,480.50. About 996 shares advanced, 3105 shares declined, and 137 shares unchanged.

Except IT, all other sectoral indices ended in the red, with Infra, PSU Bank, Realty, Media, Oil & gas, Auto, Metal down 2-4%.

Nifty Midcap and smallcap indices down 2% each.

Tata Steel, Tata Motors Passenger Vehicles, SBI Life Insurance, L&T, JSW Steel were among major losers on the Nifty, while gainers included Coal India, Bharti Airtel, Infosys, Tech Mahindra.

#1 Strong industry favours market share gains

#2 Operating leverage supports margin expansion

#3 Industry volumes may grow 15-20 percent YoY

#4 Revenue CAGR seen at 16 percent over two years

United Spirits was quoting at Rs 1,313.90, down Rs 53.10, or 3.88 percent.

It has touched an intraday high of Rs 1,355.60 and an intraday low of Rs 1,312.70.

It was trading with volumes of 32,698 shares, compared to its five day average of 64,150 shares, a decrease of -49.03 percent.

The Indian gems & jewellery exports are facing a wave of uncertainties given the influence of the current geopolitical tension. A primary reason for this is the airspace closures, causing disturbances in air cargo routes across the Middle East. Parallelly, the volatility in dollar rates is also leading to unpredictability in exports. As a result of this, overseas buyers are being cautious in closing deals, as a free-flow trade can only be possible if logistical constraints are lifted. Additionally, a 3x to 4x spike in the insurance on shipments is another concern cutting through the already impacted margins of traders.

Having said that, the demand-supply dynamics appear to be in control when it comes to gems & jewellery exports, as there is sufficient inventory in place to cater to already impacted demand. We are hopeful that the parties at conflict arrive at an amicable truce and trade flow becomes seamless as before.

#1 Upgrade Marico to 'overweight', target price at Rs 934

#2 Downgrade Godrej Consumer to 'equal-weight', target price at Rs 1,159

#3 Upgrade Nestle to equal-weight call, target price at Rs 1,370

#4 Prefer companies with unique growth & profit balance

#5 Marico’s mix improves, Godrej Consumer faces near-term risks

#1 View West Asia linked weakness as a buying opportunity

#2 Blockade of Strait of Hormuz for whole of March may cut EPS by 1.8 percent

#3 Stock correction exceeds likely earnings impact

#4 Order inflows rose 18 percent YoY despite West Asia slowdown

#5 USD 81 billion backlog (+30 percent YoY) remains strong

Abbott India was quoting at Rs 27,733.20, up Rs 905.75, or 3.38 percent. It has touched an intraday high of Rs 27,887.45 and an intraday low of Rs 26,498.20. It was trading with volumes of 2,092 shares, compared to its five day average of 370 shares, an increase of 464.79 percent.

In the previous trading session, the share closed up 1.25 percent or Rs 332.30 at Rs 26,827.45.

The share touched a 52-week high of Rs 35,921.55 and a 52-week low of Rs 26,000 on 03 July, 2025 and 02 March, 2026, respectively. Currently, the stock is trading 22.8 percent below its 52-week high and 6.67 percent above its 52-week low. Market capitalisation stands at Rs 58,931.11 crore.

The Sensex was down 939.47 points or 1.17 percent at 79,299.38, and the Nifty was down 325.80 points or 1.31 percent at 24,539.90. About 941 shares advanced, 2973 shares declined, and 123 shares unchanged.

#1 Holdco discount fears post Jio IPO are overstated

#2 Investors can buy Jio separately after listing

#3 Low 2.5 percent free float may support premium valuations

#4 Other growth drivers include FMCG, OTT, AI, new energy & quick commerce

Reliance Industries was quoting at Rs 1,352.40, down Rs 5.95, or 0.44 percent.

It has touched an intraday high of Rs 1,353 and an intraday low of Rs 1,307.

It was trading with volumes of 1,479,582 shares, compared to its five day average of 1,108,833 shares, an increase of 33.44 percent.

QIB – 0.00 times

NII - 0.01 times

Retail – 0.03 times

Employee Reserved - 0.44 times

Overall – 0.01 times

The Indian rupee depreciated sharply by 81 paise to trade at 92.28 against the US dollar, compared with Monday’s closing level of 91.47.

#1 Qatar’s LNG halt raises near-term risks for India’s gas value chain

#2 Qatar supplies 40-50 percent of India’s LNG, making replacement difficult amid high global prices

#3 PLNG faces volume risk as Qatar accounts for around 50 percent of its supply

#4 GAIL’s transmission volumes may dip, though diversification & trading margin offer support

#5 Gujarat Gas is most exposed due to reliance on Qatar & spot LNG

#6 ONGC benefits from higher oil prices if windfall tax is not reimposed

#7 RIL gains from strong diesel refining margin

The Sensex was down 1,259.14 points or 1.57 percent at 78,979.71, and the Nifty was down 424.20 points or 1.71 percent at 24,441.50. About 774 shares advanced, 3110 shares declined, and 130 shares unchanged.

Godrej Properties has acquired 11.36 acres of land for residential development in Gurugram, Haryana, through an outright purchase. This project will offer residential development with an estimated revenue potential of over Rs 4,500 crore, comprising a mix of premium low-rise and high-rise residencies, along with exceptional lifestyle amenities.

Godrej Properties has won the bid in an e-auction conducted by the West Bengal Housing Infrastructure Development Corporation Ltd (WBHIDCO) for a prime land parcel measuring ~ 5 acres, located off EM Bypass, Kolkata. The proposed premium residential development is expected to offer an estimated revenue potential of approximately Rs 1,650 crore.

Godrej Properties was quoting at Rs 1,652.10, down Rs 81.45, or 4.70 percent. It has touched an intraday high of Rs 1,700.30 and an intraday low of Rs 1,647. It was trading with volumes of 49,873 shares, compared to its five day average of 99,069 shares, a decrease of -49.66 percent.

The company has been declared the preferred bidder for the mining lease of the Sikilangso Limestone Block (Part A & Part B), Assam. The limestone blocks are spread over an area of 200 hectares each.

JSW Cement was quoting at Rs 119.40, down Rs 3.75, or 3.05 percent. It has touched an intraday high of Rs 123.05 and an intraday low of Rs 119.05.

QIB – 0.00 times

NII - 0.01 times

Retail – 0.02 times

Employee Reserved - 0.40 times

Overall – 0.01 times

The company has entered into energy supply agreement and share subscription and shareholders agreement to acquire 26% equity shares of AMPIN C&I Power Forty Four, a company engaged in generation and transmission of renewable energy.

UltraTech Cement was quoting at Rs 12,057.40, down Rs 458.30, or 3.66 percent. It has touched an intraday high of Rs 12,364.70 and an intraday low of Rs 11,892.55. It was trading with volumes of 6,697 shares, compared to its five day average of 8,249 shares, a decrease of -18.81 percent.

Salzer has announced the signing of a Memorandum of Understanding with Wirepas, a gobal leader in wireless mesh integration headquatered in Finland.

The partnership will integrate the Wirepas Certified platform into its smart electricity meters, delivering next-generation metering solutions that help utilities operate more efficiently and intelligently.

Salzer Electronics was quoting at Rs 610.25, down Rs 22, or 3.48 percent. It has touched an intraday high of Rs 619.75 and an intraday low of Rs 596.65. It was trading with volumes of 4,188 shares, compared to its five day average of 2,943 shares, an increase of 42.30 percent.

Billionbrains Garage Ventures was quoting at Rs 156.35, down Rs 4.70, or 2.92 percent. It has touched an intraday high of Rs 161.00 and an intraday low of Rs 155.80.

Capri Loans has signed a partnership for Carbon Accounting Financials (PCAF) to enhance climate transparency and strengthen its sustainable finance framework.

As part of this engagement, Capri Loans will adopt the globally recognized PCAF methodology to measure and disclose financed emissions across its lending portfolio, reinforcing transparency and alignment with evolving global sustainability standards.

Capri Global Capital was quoting at Rs 152.80, down Rs 5.95, or 3.75 percent. It has touched an intraday high of Rs 156 and an intraday low of Rs 152.10. It was trading with volumes of 168,088 shares, compared to its five day average of 232,093 shares, a decrease of -27.58 percent.

The company has entered into a 60:40 joint venture agreement with Kemwell Biopharma for the incorporation of a joint venture company in India. The joint venture will undertake the business of developing, applying for and obtaining licenses for, manufacturing, commercialising, importing, and exporting biologic products, and licensing or outsourcing any or all such activities.

Rajesh Kumar (Director – Finance) has been appointed as Chief Financial Officer (CFO) with immediate effect, in place of Shri M S Raju, GM (Finance).

Bharat Coking Coal was quoting at Rs 32.52, up Rs 0.42, or 1.31 percent. It has touched an intraday high of Rs 32.64 and an intraday low of Rs 31.20.

In the previous trading session, the share closed down 2.07 percent or Rs 0.68 at Rs 32.10.

The share touched a 52-week high of Rs 45.21 and a 52-week low of Rs 28.02 on 19 January, 2026 and 02 March, 2026, respectively. Currently, the stock is trading 28.07 percent below its 52-week high and 16.06 percent above its 52-week low. Market capitalisation stands at Rs 15,144.56 crore.

Glenmark Specialty SA has received final approval by the United States Food & Drug Administration (USFDA) for Fluticasone Propionate Inhalation Aerosol USP, 44 mcg per actuation.

Glenmark’s Fluticasone Propionate Inhalation Aerosol USP, 44 mcg per actuation has been determined by the FDA to be bioequivalent and therapeutically equivalent to the reference listed drug (RLD), FloVent HFA Inhalation Aerosol, 44 mcg of GlaxoSmithKline Intellectual Property Ltd. England.

Glenmark Pharma was quoting at Rs 2,047.50, down Rs 76.00, or 3.58 percent. It has touched an intraday high of Rs 2,108.90 and an intraday low of Rs 2,031.55. It was trading with volumes of 16,954 shares, compared to its five day average of 30,482 shares, a decrease of -44.38 percent.

Indian rupee is trading lower by 79 paise at 92.26 per dollar against Monday's close of 91.47

QIB – 0.00 times

NII - 0.01 times

Retail – 0.02 times

Employee Reserved - 0.39 times

Overall – 0.01 times

The Sensex was down 1,298.48 points or 1.62 percent at 78,940.37, and the Nifty was down 437.35 points or 1.76 percent at 24,428.35. About 742 shares advanced, 3120 shares declined, and 125 shares unchanged.

Century Plyboards was quoting at Rs 701.70, down Rs 28.05, or 3.84 percent. It has touched an intraday high of Rs 729.15 and an intraday low of Rs 697.45. It was trading with volumes of 3,531 shares, compared to its five day average of 2,620 shares, an increase of 34.77 percent.

In the previous trading session, the share closed down 0.63 percent or Rs 4.60 at Rs 729.75.

The share touched a 52-week high of Rs 856.65 and a 52-week low of Rs 630 on 08 October, 2025 and 07 April, 2025, respectively. Currently, the stock is trading 18.09 percent below its 52-week high and 11.38 percent above its 52-week low. Market capitalisation stands at Rs 15,589.88 crore.

The Income Tax Department conducted a search at the registered office and its subsidiary Greenlam, as well as at two manufacturing units of the company.

The company fully cooperated with the officials of the Department and responded to the clarifications and details sought by them. The business operations of the company continued without any disruption despite the search.

Greenlam Industries was quoting at Rs 229.60, down Rs 2.95, or 1.27 percent. It has touched an intraday high of Rs 243.50 and an intraday low of Rs 216.05. It was trading with volumes of 3,579 shares, compared to its five day average of 615 shares, an increase of 482.14 percent.

In the previous trading session, the share closed down 2.62 percent or Rs 6.25 at Rs 232.55.

The share touched a 52-week high of Rs 298.28 and a 52-week low of Rs 187 on 20 March, 2025 and 07 April, 2025, respectively. Currently, the stock is trading 23.03 percent below its 52-week high and 22.78 percent above its 52-week low. Market capitalisation stands at Rs 5,858.19 crore.

The Income Tax Department commenced search and seizure operations at the registered office and manufacturing unit of the company, as well as at the manufacturing unit of Greenply Sandila, along with the residence of the promoter and a few executives of the company, on February 26.

The search and seizure operations concluded on March 2.

Greenply Industries was quoting at Rs 207.65, down Rs 2.20, or 1.05 percent. It has touched a 52-week low of Rs 201.05.

It has touched an intraday high of Rs 209.30 and an intraday low of Rs 201.05. It was trading with volumes of 8,905 shares, compared to its five day average of 11,008 shares, a decrease of -19.10 percent.

The company’s step-down subsidiary, Persistent Telecom Solutions Inc., USA, has been merged into its wholly owned subsidiary, Persistent Systems Inc., USA, effective February 28.

The company received the Certificate of Merger issued by the Secretary of the State of Delaware on March 3.

Persistent Systems was quoting at Rs 4,719.10, up Rs 44.65, or 0.96 percent. It has touched an intraday high of Rs 4,736 and an intraday low of Rs 4,577.80. It was trading with volumes of 25,127 shares, compared to its five day average of 82,748 shares, a decrease of -69.63 percent.

#1 Pricing edge is limited

#2 Store additions near 60, acceleration awaited

#3 Await strategy clarity from new CEO

Avenue Supermarts was quoting at Rs 3,745.50, down Rs 55.25, or 1.45 percent. It has touched an intraday high of Rs 3,793.10 and an intraday low of Rs 3,738.40. It was trading with volumes of 6,453 shares, compared to its five day average of 12,136 shares, a decrease of -46.83 percent.

The company has received an advance payment for delivery of the order for 35,000 units. As of date, it has not received any further intimation or communication from Indonesia about the suspension of the order for the supply of vehicles.

On February 4, the company had bagged its biggest-ever export order of 35,000 units of LCVs from Indonesia.

Mahindra and Mahindra was quoting at Rs 3,248.10, down Rs 86.65, or 2.60 percent. It has touched an intraday high of Rs 3,271.70 and an intraday low of Rs 3,208.80. It was trading with volumes of 111,189 shares, compared to its five day average of 78,514 shares, an increase of 41.62 percent.

Karthik Srinivasan has resigned as Chief Business Officer of the company, effective March 31, to pursue career opportunities outside the company.

HDB Financial Services was quoting at Rs 676.25, down Rs 24.10, or 3.44 percent. It has touched an intraday high of Rs 690.45 and an intraday low of Rs 673.90.

Deepak Nitrite was quoting at Rs 1,469.40, down Rs 76.65, or 4.96 percent. It has touched an intraday high of Rs 1,526.95 and an intraday low of Rs 1,462. It was trading with volumes of 25,727 shares, compared to its five day average of 8,370 shares, an increase of 207.37 percent.

In the previous trading session, the share closed down 2.21 percent or Rs 34.90 at Rs 1,546.05.

The share touched a 52-week high of Rs 2,173.00 and a 52-week low of Rs 1,436.20 on 19 May, 2025 and 02 March, 2026, respectively. Currently, the stock is trading 32.38 percent below its 52-week high and 2.31 percent above its 52-week low. Market capitalisation stands at Rs 20,041.59 crore.

Eugia Pharma Specialitie, a wholly owned subsidiary of Aurobindo Pharma, has launched Pomalidomide Capsules, 1 mg, 2 mg, 3 mg and 4 mg, in the US market.

The product is the generic equivalent of Pomalyst Capsules, 1 mg, 2 mg, 3 mg and 4 mg, of BMS Pharmaceuticals Corp. Eugia Pharma Specialities Limited was one of the First-to-File (FTF) ANDA applicants for this product.

The product will be manufactured at Eugia Unit-I.

Aurobindo Pharma was quoting at Rs 1,187.90, down Rs 23.45, or 1.94 percent. It has touched an intraday high of Rs 1,201.20 and an intraday low of Rs 1,180. It was trading with volumes of 14,528 shares, compared to its five day average of 76,612 shares, a decrease of -81.04 percent.

The company received “Certificate of Registration - Additional Certificate of Registration to existing NBFC for Factoring” from the Reserve Bank of India to commence and carry on the factoring business.

MAS Financial Services was quoting at Rs 304.95, down Rs 10.50, or 3.33 percent.

It has touched an intraday high of Rs 312.00 and an intraday low of Rs 302.90.

It was trading with volumes of 5,038 shares, compared to its five day average of 3,834 shares, an increase of 31.41 percent.

The Securities and Exchange Board of India (SEBI) has acceded to the said request and granted the relaxation sought by the company under certain LODR provisions.

Additionally, a Board meeting is scheduled on March 9 to consider the proposal for fundraising.

The company has decided to discontinue SOCE operations at Rajkot and Lucknow, effective January 31 and February 15, respectively. However, its OPD will remain operational in both cities.

Shalby was quoting at Rs 146.10, down Rs 3.75, or 2.50 percent.

It has touched an intraday high of Rs 149.85 and an intraday low of Rs 145.90.

It was trading with volumes of 7,454 shares, compared to its five day average of 5,847 shares, an increase of 27.49 percent.

#1 Real estate & capex drive demand

#2 Distribution margin & data centers aid growth

#3 Market share to rise with CPCB IV+ products

Cummins India was quoting at Rs 4,654.65, down Rs 161.30, or 3.35 percent. It has touched an intraday high of Rs 4,749.55 and an intraday low of Rs 4,644.90. It was trading with volumes of 8,410 shares, compared to its five day average of 32,707 shares, a decrease of -74.29 percent.

Tejas Networks announced the launch of TJ1600-D3, its next-generation, versatile WDM (Wavelength Division Multiplexing) optical transport product which is purpose-built to meet the surging demand for terabit-scale data center interconnections worldwide.

The Goods & Services Tax Department, Maharashtra, has concluded its inspection and search proceedings at the registered office of the company on March 2.

The company has provided all necessary information and documents, and no official communication with respect to any adverse findings has been issued by the GST Department.

Lupin was quoting at Rs 2,274.30, down Rs 37.30, or 1.61 percent. It has touched an intraday high of Rs 2,313.00 and an intraday low of Rs 2,260.05. It was trading with volumes of 27,840 shares, compared to its five day average of 31,859 shares, a decrease of -12.61 percent.

The Sensex was down 1,469.86 points or 1.83 percent at 78,768.99, and the Nifty was down 483.60 points or 1.94 percent at 24,382.10. About 745 shares advanced, 3062 shares declined, and 140 shares unchanged.

QIB – 0.00 times

NII - 0.01 times

Retail – 0.02 times

Employee Reserved - 0.34 times

Overall – 0.01 times

Indraprastha Gas was quoting at Rs 158.50, down Rs 8.30, or 4.98 percent.

It has touched a 52-week low of Rs 158.30.

It has touched an intraday high of Rs 165.20 and an intraday low of Rs 158.30.

It was trading with volumes of 279,944 shares, compared to its five day average of 165,759 shares, an increase of 68.89 percent.

The Ministry of Defence has signed contracts worth Rs 5,083 crore for the acquisition of six Advanced Light Helicopters (ALH) Mk-III (Maritime Role) for the Indian Coast Guard and Surface-to-Air Vertical Launch – Shtil missiles for the Indian Navy.

The contract for ALH Mk-III (MR), along with operational role equipment, an engineering support package, and performance-based logistics support, valued at Rs 2,901 crore, has been inked with Hindustan Aeronautics.

The contract for the procurement of Surface-to-Air Vertical Launch – Shtil missiles and associated missile holding frames, valued at Rs 2,182 crore, has been signed with JSC Rosoboronexport, Russian Federation.

Gland Pharma said it has received tentative approval from the US Food and Drug Administration (US FDA) for Brimonidine Tartrate Ophthalmic Solution, a drug used to lower high eye pressure. The tentative approval allows the company to market the product in the United States once applicable regulatory conditions are met. Brimonidine Tartrate Ophthalmic Solution is commonly prescribed for conditions such as ocular hypertension and glaucoma.

Despite the regulatory update, Gland Pharma shares were trading lower in Wednesday’s session. The stock was down about 3.1 percent at Rs 1,739, in line with the broader weakness in the market.

MRF Ltd said it has signed a non-binding memorandum of understanding (MoU) with the Tamil Nadu government to set up a manufacturing facility in Sivaganga, with a proposed investment of about Rs 5,300 crore over the next 12 years. The proposed facility forms part of the company’s capacity expansion strategy and will be implemented in phases over more than a decade. Despite the long-term expansion plan, the stock was under pressure on Wednesday. MRF shares were trading around Rs 1,35,125, down about 2.7 percent on the day, as tyre stocks declined broadly amid rising crude oil prices linked to the escalating US-Iran conflict.

Dhiraj Nim of Australia & New Zealand Banking Group said the outlook for the Indian rupee has not been changed for now, but warned that a prolonged escalation in West Asia could begin to weigh on the currency and growth outlook. Speaking to CNBC-TV18, Nim said if the conflict extends for two to three months, higher oil prices could weaken the rupee and exert a downward impact on economic growth. The comments come as the rupee breached a fresh record low on Wednesday, crossing the Rs 92-per-dollar mark amid a surge in crude prices and heightened geopolitical tensions.

Lenskart Solutions was quoting at Rs 518.75, down Rs 7.50, or 1.43 percent.

It has touched an intraday high of Rs 521.00 and an intraday low of Rs 513.15.

It was trading with volumes of 75,366 shares, compared to its five day average of 1,838,525 shares, a decrease of -95.90 percent.

Godrej Properties was quoting at Rs 1,665.70, down Rs 67.85, or 3.91 percent.

It has touched an intraday high of Rs 1,700.30 and an intraday low of Rs 1,664.20.

It was trading with volumes of 27,924 shares, compared to its five day average of 99,069 shares, a decrease of -71.81 percent.

Apollo Pipes was quoting at Rs 337.45, down Rs 9.95, or 2.86 percent. It has touched an intraday high of Rs 346.45 and an intraday low of Rs 331.20. It was trading with volumes of 8,755 shares, compared to its five day average of 26,185 shares, a decrease of -66.56 percent.

During February, the company handled 42.5 MMT of total cargo, growing 16 percent year-on-year. The growth was led by containers (up 14 percent year-on-year) and dry cargo (up 15 percent year-on-year).

Logistics rail volume during the month stood at 52,101 TEUs (up 3 percent year-on-year), and GPWIS volume was at 1.7 MMT (down 8 percent year-on-year).

Adani Ports and Special Economic Zone was quoting at Rs 1,432.65, down Rs 37.55, or 2.55 percent. It has touched an intraday high of Rs 1,441 and an intraday low of Rs 1,408.70. It was trading with volumes of 98,538 shares, compared to its five day average of 241,344 shares, a decrease of -59.17 percent.

The Sensex was down 1,473.04 points or 1.84 percent at 78,765.81, and the Nifty was down 472.10 points or 1.90 percent at 24,393.60. About 759 shares advanced, 2982 shares declined, and 132 shares unchanged.

Sammaan Capital was quoting at Rs 141.35, down Rs 4.50, or 3.09 percent.

It has touched an intraday high of Rs 144.00 and an intraday low of Rs 140.65.

It was trading with volumes of 112,461 shares, compared to its five day average of 506,382 shares, a decrease of -77.79 percent.

Enbee Trade & Finance was quoting at Rs 0.46, down Rs 0.4, or 8 percent.

It has touched a 52-week low of Rs 0.44.

It has touched an intraday high of Rs 0.49 and an intraday low of Rs 0.44.

It was trading with volumes of 4,021,020 shares, compared to its five day average of 16,403,435 shares, a decrease of -75.49 percent.

Naperol Investments was quoting at Rs 609, down Rs 11.05, or 1.78 percent.

It has touched an intraday high of Rs 624.90 and an intraday low of Rs 595.

It was trading with volumes of 628 shares, compared to its five day average of 1,600 shares, a decrease of -60.75 percent.

QIB – 0.00 times

NII - 0.00 times

Retail – 0.01 times

Employee Reserved - 0.25 times

Overall – 0.01 times

Anuj Kumar has resigned as the Non-Executive Director of the company, effective April 16, 2026. He has also resigned from all executive and non-executive roles in the subsidiaries and step-down subsidiaries (including his role as Director) of the company.

AFFLE 3I was quoting at Rs 1,359.55, up Rs 2.20, or 0.16 percent.

It has touched an intraday high of Rs 1,366.45 and an intraday low of Rs 1,327.35.

It was trading with volumes of 3,518 shares, compared to its five day average of 15,602 shares, a decrease of -77.45 percent.

India February Composite PMI at 58.9 against 58.4, MoM

Silver Touch Technologies has been awarded the project for Designing and Development of the Website and Digital Platform for the Centre for Integrative Medicine & Research (CIMR), AIIMS New Delhi.

Silver Touch Technologies was quoting at Rs 1,317.85, down Rs 51.80, or 3.78 percent. It has touched an intraday high of Rs 1,365.95 and an intraday low of Rs 1,307. It was trading with volumes of 5,334 shares, compared to its five day average of 8,825 shares, a decrease of -39.56 percent.

Paras Defence and Space Technologies has signed a Memorandum of Understanding (MoU) with Green Optics Co., Ltd., South Korea.

Green Optics Co., Ltd., South Korea is involved in design & manufacturing of optics & optical systems for space, defence and other applications.

Paras Defence & Green Optics are intending to establish a framework for joint development, manufacturing, business development in respective regions, of optics & optical systems for space and defence applications.

Titan Company was quoting at Rs 4,115.00, down Rs 154.35, or 3.62 percent.

It has touched an intraday high of Rs 4,216.00 and an intraday low of Rs 4,082.45.

It was trading with volumes of 11,416 shares, compared to its five day average of 22,697 shares, a decrease of -49.70 percent.

Shree Cements was quoting at Rs 25,130.00, down Rs 988.85, or 3.79 percent.

It has touched an intraday high of Rs 26,354.90 and an intraday low of Rs 25,054.70.

It was trading with volumes of 149 shares, compared to its five day average of 953 shares, a decrease of -84.36 percent.