Latest Stock Market News

Mayuresh Joshi, Head Equity at Marketsmith India, highlights strong prospects for Kotak and ICICI Bank in the private sector, and SBI and Bank of Baroda in the public sector. Auto sector standouts include TVS Motors and Maruti, with Swaraj Engines recommended for retention. Intense competition may affect wire stocks, and consumer durables are preferred over EMS stocks.

The Rs 16 crore SME IPO of Aten Papers and Foam is open for subscription from March 28 to April 2. Offering 33 lakh fresh equity shares at Rs 91-96 per share, it aims to raise funds for capital expenditure and other purposes. The allotment will be finalized on April 3, with shares expected to list on April 7.

India s IPO landscape is buzzing, with several big-ticket listings lined up for the coming months.

Indian equity markets corrected significantly in February, with Nifty down ~6%, driven by global trade tensions, weak earnings, and FPI outflows. However, signs of stabilization are visible.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources

On Wednesday, the RBI released the schedule for the MPC meetings for the upcoming fiscal year beginning April 2025.

Jindal Steel shares: JSPL secured the block with a revenue-sharing bid of 10%, which will reduce its reliance on external coal supplies and ensure a consistent supply of raw materials for its steel production. This acquisition enhances the company’s backward integration strategy, helping to mitigate risks associated with supply chain disruptions and price volatility.

BSE shares price: Shares of BSE surged by 13.7% following NSE s decision to defer its plan to change the weekly expiry day for equity derivatives. SEBI s proposal for uniform expiry days aims to reduce volatility, potentially benefiting BSE in the near term. BSE s market share in equity derivatives has been gradually increasing.

A shift above the VWAP suggests a potential bullish trend, according to stockedge.com s technical scan data.