Positive Buzz

• Ashok Leyland: The Hinduja Group flagship has signed a strategic agreement with Indonesia’s state-owned PT Pindad. The partnership focuses on the joint development of electric buses and specialized defense vehicles.
• Marico: The FMCG major has entered into definitive agreements to acquire a 60% stake in Cosmix Wellness for approximately ₹226 crore, expanding its footprint in the digital-first functional wellness segment.
• Zydus Lifesciences: The company has received final approval from the US health regulator to market a generic version of a diabetes drug in the United States, strengthening its generic portfolio.
• Coal India: The board has cleared a plan to set up an intermediate holding company in Chile. This move is aimed at exploring and acquiring critical minerals like lithium and copper as India-Chile trade relations strengthen.
• Power Grid Corporation: The Ministry of Corporate Affairs has sanctioned the amalgamation of 17 of its subsidiaries into two entities to streamline operations and improve management efficiency.
• HCLTech: The IT giant has been selected by Hong Kong Aero Engine Services Limited (HAESL) to modernize its maintenance, repair, and overhaul (MRO) operations through digital transformation.

Neutral Developments

• Earnings Radar: A high-volume earnings day is expected with major results due from Life Insurance Corporation of India (LIC), Bharti Airtel, Hero MotoCorp, Indian Oil Corporation (IOCL), Suzlon Energy, and Mazagon Dock.
• Power Finance Corporation (PFC): The board is scheduled to meet today to consider and approve the declaration of a third interim dividend for the financial year 2025-26.
• Ex-Dividend Trading: Several stocks will trade ex-dividend today, including GAIL (India) (₹5.00), Sun Pharmaceutical Industries, Dr. Lal PathLabs (₹3.50), and MOIL (₹3.53).
• Pidilite Industries: The management indicated that US exports are expected to recover following the recent India-US tariff revisions, after a temporary slowdown in the previous quarter.
• Cummins India: Reported a 5.7% YoY growth in EBITDA and a 153 bps margin expansion for Q3, though net profit saw a 12.5% decline due to specific operational challenges.

Negative News

• Nifty IT Index: The sector remains under severe pressure following a global tech sell-off. Concerns over AI-based automation tools from companies like Anthropic disrupting traditional outsourcing models have triggered significant de-rating across major IT stocks.
• IndiGo: The Competition Commission of India (CCI) has reportedly ordered an investigation into the airline over alleged unfair trade practices related to mass flight cancellations and consumer refund policies.
• Battery Stocks: Shares of Exide and Amara Raja remain under pressure after a lukewarm market reaction to the recent extension of customs duty exemptions, with investors focusing on rising competition in the sodium-ion segment.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

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