🇮🇳 India Daybook: GIFT Nifty Surges 400+ Points; Auto Sales & GRSE in Focus

📍 AUTO SALES

• Maruti Suzuki, Tata Motors, M&M: Automobile stocks will be the primary focus today as manufacturers begin releasing their sales data for March 2026. Analysts expect steady momentum in the SUV segment, though entry-level vehicle demand remains a key monitorable.

📍 DEFENCE

• Garden Reach Shipbuilders (GRSE): The company has successfully delivered three major frontline platforms to the Indian Navy: the advanced guided-missile frigate 'Dunagiri', the survey vessel 'Sanshodhak', and the anti-submarine warfare shallow watercraft 'Agray'.

📍 CORPORATE ACTION

• IRB Infrastructure Developers: Today, April 1, 2026, is the record date for the company's 1:1 bonus issue.
• B2B Software Technologies: The company is in focus as the record date for its 1:2 bonus issue is set for tomorrow, April 2.

📍 PARTNERSHIP

• HCLTech: The IT services major has entered into a partnership with Samsung’s Advanced Foundry Ecosystem (SAFE) program. As a Design Solution Partner, HCLTech will work on accelerating semiconductor innovation.

📍 EXPANSION

• Asian Paints: The company has announced plans to invest ₹3,250 crore to establish a new chemical manufacturing facility in Gujarat to strengthen its integrated supply chain.
• JSW Steel: The company has been declared the successful bidder for the Dugda Coal Washery in Jharkhand, securing a 25-year lease to operate the facility.

📍 REGULATORY & TAXATION

• STT Hike: The higher Securities Transaction Tax (STT) on derivatives officially takes effect today. STT on futures has been raised from 0.02% to 0.05%, while the tax on options premiums has increased from 0.10% to 0.15%.
• Share Buybacks: Effective today, money received by shareholders from buybacks will be taxed as 'capital gains' rather than dividend income. Individual promoters will now face a 30% tax rate.
• SEBI Margin Rules: New SEBI mandates require F&O traders to maintain at least 50% of their total collateral in cash or cash equivalents (e.g., FDs or bank guarantees).
• Income Tax Act 2025: The decades-old 1961 framework is officially replaced today by the Income Tax Act 2025, introducing a unified "Tax Year" and simplifying calculation methods for corporate and individual taxpayers.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News