🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Global Markets & GIFT Nifty: The GIFT Nifty indicates a surge of over 1.5%, tracking a sharp rally in Wall Street where the S&P 500 and Nasdaq posted their best gains since mid-2025. Sentiment is buoyed by U.S. President Donald Trump’s comments suggesting a potential end to the Middle East conflict within weeks.
• IRB Infrastructure Trust: The company has officially received the "Appointed Date" and commenced toll collection for the TOT-18 project (Chandikhole-Bhadrak section of NH-16) in Odisha. The SPV has already paid a concession fee of ₹3,087 crore to NHAI.
• Lupin: The pharma major has received tentative approval from the US FDA for its Sugammadex Injection. This product is used to reverse neuromuscular blockade and strengthens Lupin's presence in the critical care segment.
• NTPC Green Energy: Its subsidiary, NTPC Renewable Energy, has signed a pact with SECI for the supply of Green Ammonia and a separate MoU with PTC India for the sale of renewable power, marking a significant step in its green energy transition.
• Mahindra & Mahindra (M&M): The company has overtaken JSW MG Motor to become India's second-largest electric vehicle (EV) maker by volume as of March 2026. M&M's EV market share has climbed to approximately 25% following the scale-up of its premium electric SUV portfolio.
• G R Infraprojects: The firm has secured a major contract from NHAI worth ₹1,454 crore under the Hybrid Annuity Mode (HAM), boosting its order book for the new financial year.
• HCLTech: The IT giant has expanded its strategic partnership with CrowdStrike to launch AI-powered Continuous Threat Exposure Management (CTEM) services, targeting the growing cybersecurity market.

Neutral Developments

• Regulatory Changes (April 1): Several major shifts come into effect today, including the rollout of the Income-tax Act, 2025, and the mandatory transition to Indian Accounting Standards (Ind AS) for all insurance companies.
• GST Collections: Official data shows gross GST revenue for February 2026 reached ₹1.83 lakh crore, reflecting an 8.1% year-on-year growth. While steady, the growth is considered "structural stability" rather than a sharp spike.
• YES Bank: The bank has received an aggregate sum of ₹210 crore from two separate trusts in its Security Receipts Portfolio, related to its previously sold NPA accounts.
• Indraprastha Gas (IGL): Subhankar Sen has taken charge as the new Chairman effective today, following the planned cessation of the previous incumbent.
• E-commerce Exports: The government has removed the ₹10 lakh value cap on courier-based e-commerce exports effective today, a move intended to benefit MSMEs and artisans.

Negative News

• Securities Transaction Tax (STT): Higher STT rates on Futures (increased to 0.05%) and Options (increased to 0.15%) come into effect today. Analysts warn this could significantly increase trading costs and potentially dampen retail and FPI volumes in the derivatives segment.
• Jubilant Foodworks: The company has decided not to renew its Dunkin' India franchise agreement (MUDFA pact), signaling a strategic exit or shift in its coffee and donut business segment.
• Currency & Crude Pressure: Despite the global rally, the Indian Rupee remains under pressure, trading near record lows of 95.2 against the Dollar. Meanwhile, the Indian basket of crude oil remains volatile, having touched highs near $150/barrel in recent weeks.
• BASF India: The company has approved the closure of its Metal Complex Dyes production line at the Mangalore plant, expected to be completed by the end of 2026.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex