Latest Stock Market News

NBCC (India) shares rose on Tuesday after the company secured a Rs 44.62 crore PMC contract for infrastructure development at MGIRI, Wardha. Announced on Monday, the contract includes overseeing the construction of a hostel and VIP guest house under the EPC mode, aligning with NBCC’s expansion in the project management segment.

Over half of NSE s stocks with Rs 1,000 crore or more market capitalization have seen their share prices decline in FY25, with smallcaps being the hardest hit. Factors such as global economic fears, local market sentiment, and company-specific issues contributed to the declines.

IndusInd Bank shares rose 1.5% to Rs 687.45 on Tuesday, March 18, after Moody’s reaffirmed its Ba1 rating. The bank also raised Rs 11,000 crore through certificates of deposit (CDs) to strengthen its funding position following deposit withdrawals triggered by a Rs 2,000 crore accounting discrepancy in its derivatives book.

Indian benchmark indices rose significantly on Tuesday, driven by gains in Asian markets amidst optimism about China s economy. Key financial stocks led the upswing, while IT stocks saw minor declines. All eyes are on the U.S. Federal Reserve s interest rate decision and geopolitical tensions, which continue to add caution to the market sentiment.

Ace investor Ashish Kacholia s portfolio has witnessed a significant decline, with 15 stocks falling by at least 40%. Kacholia s net worth has dropped 23% since September 2024, highlighting the risks of emulating star investors. Investors are advised to consider their own financial goals and risk tolerance.

The Nifty IT index was trading 0.83 per cent up at 36435.6.

Shares in Chinese EV giant BYD surged to a record high Tuesday after it unveiled new battery technology it says can charge a vehicle in the same time it takes to fill up a petrol car. Separately, on Tuesday, Chinese EV maker Nio said it had signed a deal with battery giant CATL involving cooperation on a passenger car battery swap network.

Axis Securities has given a buy call on JSW Energy with a target price of Rs 565. The brokerage believes that after recent price corrections and anticipated summer demand, the current price of Rs 524.65 offers a good entry point. The company reported a consolidated total income of Rs 2640.04 crore for the quarter ended 31-12-2024.

Niranjan Avasthi of Edelweiss MF highlights that while China offers tactical investment opportunities due to recent market rebounds, India remains a strong structural growth story. With the US market peaking, long-term capital is likely to prefer India s promising economy over Europe s catch-up phase or China s temporary gains. Indian markets are attractive with strong growth prospects.