Closing Bell: Sensex tanks 1,097 pts, Nifty at 24,450; financials drag, defence stocks rally

Indian benchmark indices ended lower in a volatile session on March 6, with the Nifty closing below 24,550. At close, the Sensex was down 1,097 points or 1.37 percent at 78,918.90, and the Nifty was down 315.45 points or 1.27 percent at 24,450.45.

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

Bears returned to the market as the Nifty slipped back after a one-day rebound. Thursday’s bounce was neither wholehearted nor convincing, leading to selling on Friday. Besides, investors preferred to stay light ahead of the weekend.

Technically, the index remains below the previous swing low, indicating continued bearishness.

In the short term, the index may continue to decline, with the potential to move towards 24,000 or lower. On the higher side, resistance is placed at 25,000; until this level is crossed decisively, the trend is likely to favor a sell-on-rise strategy.

Markets traded under pressure on Friday, giving up part of the previous session’s gains amid cautious global sentiment and profit booking in select heavyweights. The Nifty opened on a subdued note and traded dull for most of the session. However, selling pressure in select heavyweights during the final hour pushed the index sharply lower, and it eventually closed near the day’s low at around the 24,450 level.

Sectoral participation largely mirrored the benchmark’s weakness, with banking, realty, and auto stocks emerging as key laggards. Meanwhile, selective buying in energy and IT counters offered some support and helped limit the overall decline. Interestingly, the broader indices showed relative resilience: the smallcap index ended almost unchanged while the midcap index declined by nearly half a percent.

Investor sentiment remained guarded amid lingering geopolitical uncertainties and elevated crude oil prices, which continue to influence global risk appetite. Participants also stayed selective ahead of the weekend, preferring to trim positions following the sharp swings witnessed earlier in the week.

The sharp swings in the Nifty index, combined with elevated volatility, indicate a cautious undertone. A break below the recent swing low of 24,300 could quickly drag the index toward the 24,000 level. Fresh weakness in the banking pack, which carries significant weight in the index, also adds to the negative bias. However, strength in select sectors and themes such as pharma, metal, PSE, and defense continues to offer buying opportunities on a rotational basis. Given the current setup, we maintain a cautious stance and recommend staying selective while focusing on strict risk management until the market stabilizes.

The Indian rupee has come under pressure as surging crude oil prices and a shift toward risk-aversion weigh on the currency. Heightened geopolitical uncertainty risks driving energy costs higher, which could widen the trade deficit and stoke inflationary pressures. As market sentiment favors the safe-haven US dollar, the rupee remains on a downward trajectory. Technically, the USD/INR spot pair finds immediate support at 91.40, with resistance capped at 91.85.

After a fine recovery from the lows of 24300 in the last couple of sessions, Nifty failed to sustain the gains on Friday and slipped into weakness by 315 points. After opening on a weak note, the market shifted into a range bound action for better part of the session. Weakness got intensified towards the end and Nifty finally closed at the lows.

A long bear candle was formed on the daily chart beside the bull candle of Thursday. The present market action signals that Nifty has negated the bullish sentiment that was created after the sharp gain of Thursday. This is not a good sign and it suggests that the Nifty could retest the Wednesday's low of 24300 in the short term. Immediate resistance is placed at 24700.

Indian equity markets extended their losing streak on Friday, March 6, 2026, ending the week on a weak note. The Sensex tanked nearly 1,000 points to close around 79,212, while the Nifty 50 slipped below the 24,500 mark, settling around 24,460. Selling pressure was concentrated largely in large- cap financial stocks, though the broader markets showed relative resilience, with the Nifty Midcap

index declining just 0.3 percent and the Nifty Smallcap index eking out marginal gains.

Sectorally, the session was a mixed bag. Auto, realty, PSU Bank, and private bank indices declined between 0.5 and 1 percent, weighing heavily on benchmark indices. Financial stocks were the biggest drag as concerns over valuations and foreign institutional selling resurfaced. On the brighter side, the defence index surged nearly 3 percent, buoyed by fresh momentum around domestic defence orders and strategic partnerships. Energy, IT, and oil and gas indices also posted modest gains in the range of 0.3 to 0.6 percent.

The Indian rupee continued to face headwinds, weakening further to trade at 91.69 per US dollar intraday, compared to the previous close of 91.60, reflecting sustained capital outflows and a cautious global risk environment. Global markets remained under pressure amid lingering concerns over US tariff policies, slowing growth signals, and tightening financial conditions in developed economies.

On the corporate front, there were several noteworthy developments. Garden Reach Shipbuilders and Engineers signed a Memorandum of Understanding with Kalyani Strategic Systems to jointly develop indigenous advanced naval systems, unmanned platforms, and strategic maritime capabilities for both domestic and global markets, reinforcing India’s push for self-reliance in defence. Railway PSU stocks were in the spotlight, rallying as much as 11 percent following reports of a potential mega merger between RVNL and IRCON, which could create a formidable rail infrastructure entity.

Meanwhile, Reliance Consumer Products inked an MoU with Finland’s Fazer Foods to establish a long-term strategic partnership for producing, marketing, and distributing premium branded chocolates across India.

Markets are likely to stay volatile as investors digest a mix of domestic corporate news, global macro signals, and currency dynamics. The defence sector rally suggests selective opportunity in capital goods and strategic sectors tied to government spending themes. Investors should continue to track FII activity, rupee movement, and any policy announcements that could act as near-term  catalysts.

We advise a cautious stance, focusing on quality large-caps and selective mid-cap opportunities in defence, IT, and energy while staying alert to any shifts in global risk appetite.

Indian equity markets extended their decline following the prior session’s relief rally, as escalating U.S.–Iran tensions disrupted key Middle Eastern oil and gas supplies, driving crude prices higher.

A sustained rise in oil prices could weigh on investor sentiment and adversely affect India’s twin deficits, inflation trajectory, and the RBI’s monetary stance.

An uptick in U.S. 10 year bond yield and a stronger dollar have prompted FIIs to adopt a risk off approach toward domestic equities. While geopolitical tensions remain a near term overhang, selective value buying opportunities are expected to emerge, offering long term investors attractive entry points.

Nifty opened on a weak note and traded within a tight consolidation range for most of the session before breaking below the lower end of the range towards the last hour and closing lower. The index ended the day at 24450, down 1.27%. On the daily chart, Nifty formed a bearish candle and gave a lower close with bears taking control over the bulls late during the day. Nifty closed the week below the crucial 24,600–24,570 support zone, a zone that previously witnessed strong buying interest during September 2025 and early February 2026.

On the sectoral front, Nifty Defence ended the day as the top sectoral gainer. The Index has given a consolidation breakout on the daily chart and looks poised to continue its up move. CPSE was the next best performing Index, ending the day with a gain of 0.42%. On the other hand, Nifty Financial Services, ended the day as the top sectoral loser and closed below its 200-Day EMA on the daily chart, followed by Nifty Realty, which extended its weakness further. With regards to stocks, BEL & ONGC emerged as the top stock gainers amongst the Nifty pack while ICICI Bank & Eternal emerged as the top two losers.

The Midcap index traded within a narrow range for major part of the day. Last hour sell off led to the formation of small-bodied red candle with a minor upper wick, suggesting that the index struggled to sustain at higher levels. Meanwhile, the Smallcap index was the best performing index until the last hour of the day before selling pressure at higher levels, led to the Index giving up its marginal gains and closing in the red.

The market breadth remained weak as the advance-decline ratio was titled in the favour of bears at day’s close. A total of 318 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 24750–24800 zone is likely to act as an immediate resistance.

Bank Nifty View

Bank Nifty also opened weak and gradually drifted lower through the session, ending the day at 57783, down 2.15%. Notably, with Friday’s close, the index has closed below its 20-week EMA for the first time since September 2025, indicating a potential shift in medium-term momentum.

For Bank Nifty, the immediate support is placed in the 57400–57300 zone, which coincides with the 200-Day EMA. Any sustainable move below this zone could result in Bank Nifty extending its weakness towards 56900, followed by 56500 in the short term. On the upside, the zone of 58200–58300 zone is likely to act as an immediate resistance.

Indian rupee ended at day's low at 91.74 per dollar on Friday against previous close of 91.60.

Indian benchmark indices ended lower in a volatile session on March 6, with the Nifty closing at 24,450.

At close, the Sensex was down 1,097 points or 1.37 percent at 78,918.90, and the Nifty was down 315.45 points or 1.27 percent at 24,450.45. About 1813 shares advanced, 2217 shares declined, and 169 shares unchanged.

Among Nifty constituents, ICICI Bank, Eternal, Shriram Finance, Axis Bank, and UltraTech Cement were the top losers, while Bharat Electronics, Reliance Industries, NTPC, ONGC, and Sun Pharma emerged as the key gainers.

Sectoral indices ended on a mixed note. Auto, realty, PSU Bank, and private bank indices declined 1-2 percent. On the other hand, the defence index surged nearly 3 percent, while Capital Goods index rose 1.3 percent and Power index gained 0.4 percent.

Among broader indices, Nifty Midcap index fell 0.7 percent, and Smallcap index shed 0.2 percent.

ICICI Bank was quoting at Rs 1,314.70, down Rs 44.75, or 3.29 percent.

It has touched an intraday high of Rs 1,346.45 and an intraday low of Rs 1,310.70.

It was trading with volumes of 384,896 shares, compared to its five day average of 707,470 shares, a decrease of -45.60 percent.

United Breweries was quoting at Rs 1,760, up Rs 113.35, or 6.88 percent.

It has touched an intraday high of Rs 1,771 and an intraday low of Rs 1,629.50.

It was trading with volumes of 68,591 shares, compared to its five day average of 2,822 shares, an increase of 2,330.93 percent.

#1 Medical tourists contribute 6–9 percent of revenue for large Indian hospitals

#2 Only 10 percent of these patients come from the West Asia

#3 Bangladesh accounts for 55-60 percent of medical tourists & is unlikely to be impacted

#4 Estimated EBITDA risk for large hospitals is limited to 3-6 percent

#5 Stocks have fallen 4–5 percent, pricing in full-year impact

#1 Pan-India: Trade prices may improve slightly in March 2026, Q4FY26 growth remains muted

#2 Southern Region: Prices firm in March 2026, up Rs 11/bag QoQ so far in Q4FY26

#3 Eastern Region: Prices may rise Rs 5/bag MoM in March 2026, up Rs 8/bag QoQ

#4 Northern Region: Selective non-trade hikes likely, prices down Rs 4/bag QoQ

#5 Western Region: Prices fell Rs 4/bag MoM in Feb 2026, down Rs 7/bag QoQ

#6 Central Region: Prices likely flat MoM in March 2026, down Rs 4/bag QoQ

The Sensex was down 1,011.76 points or 1.26 percent at 79,004.14, and the Nifty was down 295.60 points or 1.19 percent at 24,470.30. About 1750 shares advanced, 2092 shares declined, and 152 shares unchanged.

The company has entered into a Memorandum of Understanding (MoU) with Kalyani Strategic Systems to jointly develop and promote indigenous solutions for advanced naval systems, unmanned platforms, and other strategic maritime capabilities for domestic and global markets.

#1 Profit grows 10.6% to Rs 102.6 crore Vs Rs 92.8 crore, YoY

#2 Revenue jumps 20.8% to Rs 854.4 crore Vs Rs 707.2 crore, YoY

Fractal Analytics was quoting at Rs 800.10, up Rs 42.30, or 5.58 percent. It has touched an intraday high of Rs 826 and an intraday low of Rs 772.85.

Indian rupee has extended the losses and trading at day's low at 91.69 per dollar versus previous close of 91.60.

QIB – 5.63 times

NII - 0.56 times

Retail – 0.16 times

Employee Reserved - 2.61 times

Overall – 1.81 times

On the losing side, Vedant Fashions declined over 4 percent. Godrej Properties and PB Fintech fell more than 3 percent each, while Ashok Leyland and Vishal Mega Mart were also among the notable midcap losers. LT Technology Services, Kansai Nerolac, Fortis Healthcare, Max Financial Services and Endurance Technologies also traded lower.

Among BSE midcaps, United Breweries jumped over 6.6 percent to top the gainers list. Bharat Dynamics surged around 6.5 percent, while Aegis Vopak and JSW Infrastructure gained more than 4 percent each. Cochin Shipyard, Persistent Systems and Rail Vikas Nigam also featured among the major gainers.

Broader markets remained relatively steady compared with the benchmarks. The Nifty Midcap 100 index traded nearly flat, while the Nifty Smallcap 100 gained around 0.35 percent. Volatility edged higher, with India VIX rising over 6 percent.

Sectoral indices showed a mixed trend. The S&P BSE Bankex and BSE Realty indices declined about 1.3 percent each, reflecting weakness in financial stocks. On the positive side, the BSE Capital Goods index rose nearly 2 percent, while BSE Power and BSE Metals also traded higher. FMCG, IT and Oil & Gas indices showed mild gains.

Banking stocks remained under pressure, with ICICI Bank declining nearly 3 percent to emerge as the biggest Nifty loser. Eternal fell 2.27 percent, while HDFC Life and Bajaj Finserv dropped around 1.8-1.9 percent. HDFC Bank, Axis Bank and Larsen & Toubro also traded lower, alongside Coal India and Bharti Airtel.

Bharat Electronics led the Nifty gainers, rising 2.64 percent to Rs 472.15. Reliance Industries gained 1.76 percent, while NTPC advanced 1.60 percent. Hindalco Industries, Sun Pharma and Nestle India also traded higher. ONGC, SBI Life Insurance, HCL Tech and Bajaj Auto were among the other stocks posting modest gains.

Benchmark indices remained under pressure in afternoon trade, with the Sensex falling 621 points, or 0.78 percent, to 79,394 and the Nifty declining 169 points, or 0.68 percent, to 24,596. The market continued to move in a choppy range but stayed firmly in the red through the session. Market breadth was slightly positive, with 1,955 shares advancing against 1,842 declines.

Piyush Goyal said the government is in continuous dialogue with the Shipping Ministry and companies, with daily meetings being held to assess the situation. He added that the government is working with stakeholders to find ways to ease the burden on exporters, reiterating that the government stands firmly with industry and will ensure all international commitments are honoured.

Commerce Minister Piyush Goyal said the government will use every available policy tool and the Export Promotion Mission to support exporters amid ongoing trade disruptions. He said the government remains committed to meeting all international commitments for goods and services, adding that authorities are working closely with industry to address emerging challenges.

HCL Technologies said it has completed the acquisition of Singapore-based Finergic Solutions Pte, strengthening its capabilities in the financial services technology space. Shares of HCL Technologies Ltd were trading at Rs 1,365.6, up 0.85 percent for the day, amid broader strength in IT stocks.

Indian Oil Corporation has approved an interim dividend of Rs 2 per share for FY26, the company said. Shares of Indian Oil Corporation Ltd were trading at Rs 170.97, down 0.33 percent for the day, though the stock had recovered from its intraday lows.

Indian rupee is trading at day's low at 91.67 per dollar versus previous close of 91.60.

QIB – 5.23 times

NII - 0.40 times

Retail – 0.15 times

Employee Reserved - 2.52 times

Overall – 1.65 times

The Sensex was down 801.06 points or 1.00 percent at 79,214.84, and the Nifty was down 219.00 points or 0.88 percent at 24,546.90. About 1924 shares advanced, 1855 shares declined, and 158 shares unchanged.

Radico Khaitan was quoting at Rs 2,726.85, up Rs 162.20, or 6.32 percent.

It has touched an intraday high of Rs 2,736.90 and an intraday low of Rs 2,542.40.

It was trading with volumes of 50,838 shares, compared to its five day average of 13,314 shares, an increase of 281.84 percent.

In the previous trading session, the share closed up 0.89 percent or Rs 22.50 at Rs 2,564.65.

The share touched a 52-week high of Rs 3,695.00 and a 52-week low of Rs 2,132.05 on 20 November, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 26.2 percent below its 52-week high and 27.9 percent above its 52-week low.

Market capitalisation stands at Rs 36,510.75 crore.

Reliance Consumer Products, the FMCG arm of Reliance Industries, has signed a Memorandum of Understanding (MoU) with Finland’s leading foods company Fazer.

As part of this evolution, the two companies will establish a long-term strategic partnership in India to produce, market, and distribute branded premium chocolates using Fazer’s recipes and high-quality standards nationwide.

Reliance Industries was quoting at Rs 1,412.20, up Rs 22.40, or 1.61 percent.

The board of directors at its meeting held today, has declared second interim dividend of 20% i.e. Rs 2 per equity share of face value

of Rs 10 each for the financial year 2025-26.

Indian Oil Corporation was quoting at Rs 170.65, down Rs 0.85, or 0.50 percent.

It has touched an intraday high of Rs 173.00 and an intraday low of Rs 169.25.

It was trading with volumes of 444,319 shares, compared to its five day average of 2,201,598 shares, a decrease of -79.82 percent.

HCL Technologies was quoting at Rs 1,364.65, up Rs 10.65, or 0.79 percent.

It has touched an intraday high of Rs 1,380.50 and an intraday low of Rs 1,354.10.

It was trading with volumes of 103,082 shares, compared to its five day average of 125,596 shares, a decrease of -17.93 percent.

The company has announced a strategic co-lending partnership with Godrej Finance (GFL), a subsidiary of Godrej Capital, to jointly offer gold loan products under the Reserve Bank of India’s co-lending framework.

Finkurve Financial Services was quoting at Rs 70.00, up Rs 2.85, or 4.24 percent.

It has touched an intraday high of Rs 70 and an intraday low of Rs 67.

It was trading with volumes of 1,853 shares, compared to its five day average of 26,801 shares, a decrease of -93.09 percent.

The Board has authorised the signing of a Share Transfer and Shareholders Agreement for an investment of Rs 5.04 crore to acquire a minimum of 26% equity shares in Sunpulse Power, and Rs 1.53 crore to acquire 26% equity shares in FPEL Burning Bright.

JK Tyre and Industries was quoting at Rs 448.20, up Rs 7.15, or 1.62 percent. It has touched an intraday high of Rs 451.60 and an intraday low of Rs 437.75. It was trading with volumes of 81,903 shares, compared to its five day average of 173,586 shares, a decrease of -52.82 percent.

The National Company Law Tribunal (NCLT) has approved the Scheme of Amalgamation of Shilpa Therapeutics, a wholly owned subsidiary, with Shilpa Medicare, its holding company.

Shilpa Medicare was quoting at Rs 330.90, up Rs 7.90, or 2.45 percent.

It has touched an intraday high of Rs 336.90 and an intraday low of Rs 324.85.

It was trading with volumes of 6,469 shares, compared to its five day average of 26,473 shares, a decrease of -75.56 percent.

The company board approved sub-division of equity shares from face value of Rs 10  each to face value of Rs 2 each.

Anlon Healthcare was quoting at Rs 117, up Rs 5.10, or 4.56 percent. It has touched an intraday high of Rs 118.55 and an intraday low of Rs 110.90.

The Board has declared an interim dividend of Rs 2.5 per share for the current financial year 2025–26. The record date for determining the entitlement of payment of the interim dividend is March 11.

Additionally, the Board has approved the extension of the term of Ved Prakash as Executive Vice President & Head – Internal Audit for a period of four months, from March 1, 2026 to June 30, 2026.

SBI Cards & Payment Services was quoting at Rs 726.70, down Rs 3.65, or 0.50 percent. It has touched an intraday high of Rs 734.85 and an intraday low of Rs 725. It was trading with volumes of 19,651 shares, compared to its five day average of 132,322 shares, a decrease of -85.15 percent.

The hotel ownership and asset management platform said its board has approved the acquisition of a majority stake of 70% in RARE India. It expects to enter into definitive agreements by May 2026, marking Samhi’s entry into the experiential leisure segment through an asset-light platform investment.

Samhi Hotels was quoting at Rs 148.51, down Rs 3.21, or 2.12 percent.

It has touched an intraday high of Rs 157.63 and an intraday low of Rs 145.36.

It was trading with volumes of 2,652,187 shares, compared to its five day average of 968,573 shares, an increase of 173.82 percent.

The company has received a purchase order worth Rs 68.05 crore from Hindustan Aeronautics for the manufacture and supply of custom-made antennas and power supplies for airborne applications.

The company has declared an interim dividend of Rs 4.25 per share for the current financial year 2025–26.

Balmer Lawrie & Co was quoting at Rs 175.55, up Rs 2.00, or 1.15 percent.

It has touched an intraday high of Rs 177.10 and an intraday low of Rs 173.90.

It was trading with volumes of 9,600 shares, compared to its five day average of 10,796 shares, a decrease of -11.07 percent.

The Sensex was down 573.93 points or 0.72 percent at 79,441.97, and the Nifty was down 154.80 points or 0.63 percent at 24,611.10. About 1841 shares advanced, 1887 shares declined, and 159 shares unchanged.

#1 West Asia conflict has driven a 15–20 percent spike in key tyre raw materials recently

#2 Rising natural rubber prices add further pressure

#3 rupee depreciation versus USD raises import costs for natural & synthetic rubber

#4 If brent crude stays near USD 80/bbl & rubber near Rs 220/kg for 3–6 months, gross margins may fall 400 bps in FY27

#5 Margin pressure could impact FCF, capital structure & near-term valuations

#1 Multiple growth levers in CDMO support strong growth visibility

#2 Promising data center cooling solutions & strong HFC volume growth add further momentum

#3 Potential new molecules in specialty chemicals anchor long-term growth ambitions

#4 Expect NFIL to deliver over 20 percent revenue CAGR & 30 percent EBITDA margins over FY26–28

Navin Fluorine International was quoting at Rs 6,633.80, up Rs 127.90, or 1.97 percent. It has touched an intraday high of Rs 6,660 and an intraday low of Rs 6,495.70. It was trading with volumes of 13,169 shares, compared to its five day average of 10,366 shares, an increase of 27.04 percent.

JSW Cement was quoting at Rs 125.95, up Rs 1.15, or 0.92 percent.

It has touched an intraday high of Rs 126.55 and an intraday low of Rs 122.90.

#1 Outperform call on IRB Infra, target price at Rs 69

#2 Outperform call on NCC, target price at Rs 234

#3 Founder buying signals confidence & possible turnaround

#4 IRB’s tolling business has surprised with 11 percent YTD growth at India’s largest toll platform

#5 IRB targets net debt free status by FY30 while growing assets 75 percent in three years

#6 NCC’s Q3FY26 was weak due to prolonged monsoon & slow project pickup

#7 Backlog rose 43 percent YoY, improving revenue visibility

#8 NCC expects execution & margin recovery to start in Q4FY26

NCC was quoting at Rs 141.85, down Rs 0.95, or 0.67 percent and IRB Infrastructure Developers was quoting at Rs 40.34, down Rs 0.04, or 0.10 percent.

QIB – 2.26 times

NII - 0.33 times

Retail – 0.13 times

Employee Reserved - 2.22 times

Overall – 0.78 times

The National Company Law Tribunal (NCLT) has approved the Scheme of Amalgamation of Shilpa Therapeutics, a wholly owned subsidiary, with Shilpa Medicare, its holding company.

Shilpa Medicare was quoting at Rs 330.20, up Rs 7.20, or 2.23 percent. It has touched an intraday high of Rs 336.90 and an intraday low of Rs 324.85.

It was trading with volumes of 5,647 shares, compared to its five day average of 26,473 shares, a decrease of -78.67 percent. In the previous trading session, the share closed up 2.26 percent or Rs 7.15 at Rs 323.

#1 Profit grows 10.6% to Rs 102.6 crore Vs Rs 92.8 crore, YoY

#2 Revenue jumps 20.8% to Rs 854.4 crore Vs Rs 707.2 crore, YoY

Home First Finance Company India was quoting at Rs 1,060.85, up Rs 22.05, or 2.12 percent.

It has touched an intraday high of Rs 1,068.10 and an intraday low of Rs 1,038.90.

It was trading with volumes of 5,542 shares, compared to its five day average of 17,021 shares, a decrease of -67.44 percent.

The Sensex was down 511.84 points or 0.64 percent at 79,504.06, and the Nifty was down 140.35 points or 0.57 percent at 24,625.55. About 1874 shares advanced, 1734 shares declined, and 195 shares unchanged.

The board of directors of the company at its meeting held today i.e. Friday, March 6, 2026 has approved conversion of 3,17,68,764 fully

paid warrants and issued & allotted 3,17,68,764 equity shares of Re 1 each to the promoter group entity at an issue price of Rs 134 per share on preferential basis.

Suven Life Sciences was quoting at Rs 139.35, up Rs 3.10, or 2.28 percent. It has touched an intraday high of Rs 140.50 and an intraday low of Rs 134.55. It was trading with volumes of 5,473 shares, compared to its five day average of 16,620 shares, a decrease of -67.07 percent.

#1 Interaction with management suggests CV demand remains healthy

#2 Company reiterated 18–20 percent AUM growth guidance for FY27–28

#3 Cost of funds can fall 80 bps & lift spreads by approximately 20–25 bps by FY28

#4 Collections are good so far

#5 Expect AUM growth to improve to 18 percent in FY27 as new CV disbursements pick up

#6 NIMs should expand & may surprise positively

Rajesh Power Projects, a wholly-owned subsidiary of Rajesh Power Services, has signed a battery energy storage purchase agreement (BESPA) with state-run Gujarat Urja Vikas Nigam (GUVNL) for the development of a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project at Virpore in Gujarat.

Rajesh Power Services was quoting at Rs 912, up Rs 22, or 2.47 percent.

It has touched an intraday high of Rs 915.95 and an intraday low of Rs 879.90.

The Board has authorised the signing of a Share Transfer and Shareholders Agreement for an investment of Rs 5.04 crore to acquire a minimum of 26% equity shares in Sunpulse Power, and Rs 1.53 crore to acquire 26% equity shares in FPEL Burning Bright.

JK Tyre and Industries was quoting at Rs 441.15, up Rs 0.10, or 0.02 percent. It has touched an intraday high of Rs 451 and an intraday low of Rs 439.30. It was trading with volumes of 58,814 shares, compared to its five day average of 173,586 shares, a decrease of -66.12 percent.

Mazagon Dock Shipbuilders was quoting at Rs 2,515.10, up Rs 163.15, or 6.94 percent.

It has touched an intraday high of Rs 2,559.00 and an intraday low of Rs 2,373.55.

It was trading with volumes of 1,002,517 shares, compared to its five day average of 209,035 shares, an increase of 379.59 percent.

The company has received an observation letter with no objection from the National Stock Exchange of India for the merger of Oilmax Energy with itself.

Asian Energy Services was quoting at Rs 289.20, down Rs 1.30, or 0.45 percent. It has touched an intraday high of Rs 293.20 and an intraday low of Rs 288. It was trading with volumes of 974 shares, compared to its five day average of 5,778 shares, a decrease of -83.14 percent.

On the losing side, Vedant Fashions declined around 4 percent, while Godrej Properties and PB Fintech fell over 3 percent each. Ashok Leyland, Prestige Estates and Coromandel International were also among the notable midcap losers, along with Vishal Mega Mart, Phoenix Mills, LT Technology Services and Max Financial Services.

Among BSE midcaps, Bharat Dynamics surged over 5.5 percent to lead the gainers. JSW Infrastructure rose more than 4 percent, while Cochin Shipyard and Rail Vikas Nigam also gained over 3 percent. Thermax, Persistent Systems, Schaeffler India and Go Digit were among the other notable gainers.

Broader markets showed a mixed trend alongside the benchmarks. The Nifty Midcap 100 index was marginally lower, while the Nifty Smallcap 100 index traded nearly flat. Volatility increased during the session, with India VIX rising about 5 percent.

Sectorally, banking and realty stocks were among the weakest pockets of the market. The Nifty Private Bank index fell over 1.3 percent and Nifty Bank declined about 1.2 percent, while the Nifty Realty index slipped nearly 1.8 percent. In contrast, the Nifty IT index traded about 0.7 percent higher, while the Nifty Energy and Metal indices showed mild gains.

Banking stocks remained under pressure, with ICICI Bank declining 2.36 percent to emerge as the biggest Nifty loser. InterGlobe Aviation fell 2.27 percent, while Bajaj Finserv and Axis Bank declined around 2 percent each. Larsen & Toubro, Max Healthcare, HDFC Life, Eicher Motors, UltraTech Cement and SBI were also among the notable laggards.

Bharat Electronics emerged as the top gainer on the Nifty, rising 2.32 percent to Rs 470.65. Reliance Industries gained 1.98 percent, while NTPC climbed 1.59 percent. HCL Tech, Power Grid Corp and Infosys also traded higher, along with Grasim, Wipro, TCS and Tech Mahindra, posting modest gains.

QIB – 1.36 times

NII - 0.28 times

Retail – 0.12 times

Employee Reserved - 2.06 times

Overall – 0.51 times

The Sensex was down 496.33 points or 0.62 percent at 79,519.57, and the Nifty was down 148.90 points or 0.60 percent at 24,617. About 1757 shares advanced, 1728 shares declined, and 191 shares unchanged.

#1 Company highlighted that the demand environment is steady & reiterated its FY26 growth guidance of 3-3.5 percent

#2 While macro uncertainty & AI-led deflation may impact growth in the near term

#3 Company remains confident that AI will be net positive over the long term

#4 Company expects margins to remain at current levels even after investments in AI

#5 Company expects FCF conversion to remain above 100 percent in FY26

The AI-powered technology services and consulting company announced the appointment of Laura Marie Miller to its Board of Directors.

Wipro was quoting at Rs 198.10, up Rs 2.40, or 1.23 percent. It has touched an intraday high of Rs 198.95 and an intraday low of Rs 195.45. It was trading with volumes of 191,176 shares, compared to its five day average of 424,692 shares, a decrease of -54.98 percent.

In the previous trading session, the share closed up 0.05 percent or Rs 0.10 at Rs 195.70.

The share touched a 52-week high of Rs 287.85 and a 52-week low of Rs 193.20 on 07 March, 2025 and 05 March, 2026, respectively. Currently, the stock is trading 31.18 percent below its 52-week high and 2.54 percent above its 52-week low. Market capitalisation stands at Rs 207,767.23 crore.

PNC Infratech was quoting at Rs 208.65, up Rs 11.55, or 5.86 percent. It has touched an intraday high of Rs 210.40 and an intraday low of Rs 197. It was trading with volumes of 11,766 shares, compared to its five day average of 27,602 shares, a decrease of -57.37 percent.

In the previous trading session, the share closed up 0.05 percent or Rs 0.10 at Rs 197.10.

The share touched a 52-week high of Rs 331.80 and a 52-week low of Rs 194.25 on 17 July, 2025 and 04 March, 2026, respectively. Currently, the stock is trading 37.12 percent below its 52-week high and 7.41 percent above its 52-week low. Market capitalisation stands at Rs 5,352.69 crore.

The company has entered into a Memorandum of Understanding (MoU) with Kalyani Strategic Systems to jointly develop and promote indigenous solutions for advanced naval systems, unmanned platforms, and other strategic maritime capabilities for domestic and global markets.

The company announced the launch of DevStudio.ai, an automotive multi-agentic solution purpose-built to accelerate the automotive software development lifecycle (SDLC) for OEMs, system suppliers, and semiconductor companies.

Tata Elxsi was quoting at Rs 4,397, down Rs 4.20, or 0.10 percent. It has touched an intraday high of Rs 4,488.95 and an intraday low of Rs 4,392.85. It was trading with volumes of 7,168 shares, compared to its five day average of 18,248 shares, a decrease of -60.72 percent.

The company has entered into an agreement with Blue Star to provide Zaggle Save (Employee Expense Management & Benefits).

Zaggle Prepaid Ocean Services was quoting at Rs 225.01, up Rs 7.43, or 3.41 percent. It has touched an intraday high of Rs 228.70 and an intraday low of Rs 218.82. It was trading with volumes of 836,939 shares, compared to its five day average of 1,113,394 shares, a decrease of -24.83 percent.