Synopsis: India’s primary market is bracing for a high-intensity week starting March 23, 2026, with four companies scheduled to launch their Initial Public Offerings (IPOs). Collectively aiming to raise ₹2,010 crore, the lineup includes three mainboard issues—Powerica, Amir Chand Jagdish Kumar (Exports), and Sai Parenterals—alongside one SME offering from Tipco Engineering. Upcoming IPO India March […]
Synopsis: The basis of allotment for the GSP Crop Science IPO has been finalized today, Friday, March 20, 2026. Investors who applied for the ₹400 crore public issue can now verify their application status through the official registrar, Link Intime India, or the BSE website. The agrochemical firm is scheduled to debut on the stock
Synopsis: The Indian equity market concluded an intensely volatile week on Friday, March 20, 2026, with the NSE Nifty 50 and BSE Sensex managing to recoup most of their “Black Thursday” losses. For the week, the Nifty 50 recorded a marginal loss of 0.16% to close at 23,114.50, while the Sensex ended nearly flat, down
Synopsis: Shares of Vodafone Idea Limited (NSE: IDEA) surged nearly 6% on Friday, March 20, 2026, hitting an intraday high of ₹9.45. The rally was ignited by fresh TRAI data showing a significant slowdown in subscriber exits and reports that the telco has entered strategic talks with state-owned BSNL to share critical telecom infrastructure. Vodafone
Synopsis: Shares of major steel and mining companies witnessed a powerful recovery on Friday, March 20, 2026, with the Nifty Metal index gaining nearly 3%. The rally, led by Tata Steel and JSW Steel, was triggered by cooling global crude oil prices and a bullish “buy the dip” call from global brokerage Macquarie. Steel Stocks
Synopsis: Shares of Tata Power Company Limited (NSE: TATAPOWER) rallied over 5% on Friday, March 20, 2026, hitting an intraday high of ₹418.45. The surge followed the Gujarat government’s approval of a revised Power Purchase Agreement (PPA) for the company’s 4,000 MW Mundra ultra-mega power project, ending a costly six-month operational halt. Tata Power Gujarat
Synopsis: Domestic brokerage Motilal Oswal Financial Services has reiterated its ‘Buy’ rating on HDFC Bank (NSE: HDFCBANK) with a target price of ₹1,100, even as the stock hit a 52-week low on Friday, March 20, 2026. The brokerage believes the RBI’s endorsement of the bank’s governance and the swift appointment of an interim chairman will
Synopsis: Dalal Street was painted red on Thursday, March 19, 2026, as the BSE Sensex crashed 2,496.89 points (3.26%) to close at 74,207.24, while the NSE Nifty 50 tumbled 775.65 points to settle at 23,002. The brutal sell-off, which wiped out ₹7.2 lakh crore in investor wealth, was fueled by a leadership crisis at HDFC
Synopsis: The primary market on Thursday, March 19, 2026, is centered on the upcoming CMPDI IPO, which continues to command a strong double-digit grey market premium. Following the closure of the GSP Crop Science and Innovision issues, investors are shifting focus toward state-backed value plays, while the SME segment remains a hotspot for high-risk listing
Synopsis: WeWork India Management Limited has reached a major milestone by signing a ₹475.49 crore managed office agreement with TMUS India. This five-year deal involves the design and management of a massive 2.5 lakh square foot workspace in Hyderabad. The contract provides the newly listed company with significant long-term revenue visibility and operationalizes its aggressive
Synopsis: Shares of HDFC Bank Limited (NSE: HDFCBANK) witnessed their steepest single-day decline since 2020 on Thursday, March 19, 2026, crashing nearly 9% in early trade to hit a 52-week low of ₹770. The sell-off followed the abrupt resignation of Part-time Chairman Atanu Chakraborty, who cited internal practices that were “not in congruence” with his
Synopsis: Texmaco Rail & Engineering Limited has strengthened its specialized railway infrastructure portfolio by securing a ₹51.45 crore contract from North Eastern Railway. The mandate involves comprehensive electrification and power supply installations for the Varanasi Division, providing steady revenue visibility over a 24-month execution period as the company continues to capitalize on India’s railway doubling
