🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• PC Jeweller: The company has signed a strategic Memorandum of Understanding (MoU) with the National Skill Development Corporation (NSDC) to onboard up to 2,00,000 micro-entrepreneurs over the next five years.
• RailTel: The state-owned company has bagged a significant network project in Karnataka valued at ₹444 crore.
• Ceigall India: Shares are in focus after the firm secured a major infrastructure project worth ₹603 crore under the hybrid annuity model with an 18-month construction timeline.
• Vedanta: The stock surged 4% following the company's move to the Supreme Court to challenge the Adani Group's resolution plan for Jaypee.
• Urban Company: The stock jumped 5% after its "InstaHelp" service reached a milestone of 1 million monthly bookings.
• Resilient Large Caps: Despite the broader market crash, Tech Mahindra, Power Grid, and Reliance Industries emerged as the top gainers/resilient performers in the final session of FY26.

Neutral Developments

• Market Holiday: The Indian equity, derivatives, and currency markets remain closed today, March 31, 2026, in observance of Mahavir Jayanti.
• Settlement Holiday: Trading will resume on April 1, 2026, but it will be a settlement holiday due to the annual closing of bank accounts.
• Coforge: The mid-tier IT firm has announced its schedule for the release of Q4 FY26 financial results; the company previously reported a 16% profit growth in Q3.
• Supreme Infrastructure India: The board is meeting to consider and approve the conversion of warrants into equity shares and subsequent allotment.
• Zee Learn: The company has officially closed its trading window for insiders effective April 1, 2026, ahead of its audited financial results for the year.

Negative News

• Market Crash: The Sensex plummeted 1,635 points (2.22%) and the Nifty 50 fell 488 points (2.14%) on the final trading day of FY26, marking the weakest fiscal year performance since 2020.
• Banking Sector: Major lenders including SBI, Axis Bank, Kotak Mahindra Bank, and Bajaj Finance faced heavy selling pressure following the RBI's new $100 million cap on banks' net open positions in the forex market.
• Currency & Oil Pressure: The Indian Rupee hit a record low of 95.21 against the US Dollar, while Brent crude oil prices surged toward $115-$120 per barrel due to the escalating US-Iran conflict.
• Hyundai Motor India: The stock continues to struggle, trading significantly below its IPO price for consecutive sessions.
• Foreign Outflows: Foreign Institutional Investors (FIIs) recorded an unprecedented net outflow of ₹1.12 trillion in March 2026 alone, contributing to the sharp decline in domestic equities.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex