The Nifty 50 and Sensex staged a strong comeback on March 27 after opening lower, following weak global cues. The Nifty 50 gained 0.51%, closing at 23,606 points, while the Sensex rose 0.43%, ending at 77,622 points. The broader markets also rebounded, with the Nifty Midcap 100 rising 0.56% to 51,934 and the Nifty Smallcap 100 surging 1.19% to 16,127.
PSU banks, financials, oil & gas, realty, and metal stocks drove the recovery, offsetting weakness in the auto sector after Donald Trump announced a 25% tariff on auto imports.
Donald Trump's Tariff Shocks Auto Sector
On March 26, Donald Trump announced a 25% tariff on auto imports, effective April 2. The White House stated that the move is aimed at boosting domestic manufacturing, but market analysts believe it could disrupt global supply chains.
Investors are worried about the potential retaliatory tariffs from other countries and the broader economic impact of the new trade barriers.
Stocks in the News Today
Tata Motors Falls on Trump’s Auto Tariff Announcement
Tata Motors' stock declined as the new tariffs could hurt Jaguar Land Rover (JLR) sales in the US. In 2024, North America accounted for one-third of JLR’s sales, with the US contributing 22%.
JSW Infrastructure Gains on Business Expansion
JSW Infrastructure acquired the slurry pipeline business from JSW Utkal Steel for Rs 1,617 crore to transport iron ore. The company also signed a 20-year deal with JSW Steel.
BSE Surges on Bonus Issue Plans
The BSE stock rose sharply as the board of directors scheduled a meeting on March 30 to consider a bonus issue proposal.
Wipro Jumps After Securing £500 Million Deal
Wipro signed a 10-year deal worth £500 million (Rs 5,500 crore) with Phoenix Group to manage life and pension administration for its ReAssure business.
NBCC Gains on Rs 25,000 Crore MoU
NBCC signed a Rs 25,000 crore MoU with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) for various infrastructure projects in Maharashtra.
Aditya Birla Capital Plans Fundraising
The company’s board is set to discuss raising funds through the issue of debt securities in a meeting on March 31.
One Mobikwik Solutions to Enter Securities Broking Business
The Ministry of Corporate Affairs approved Mobikwik's plan to incorporate a subsidiary for securities broking.
Macquarie Initiates Coverage on Trent with Rs 7,000 Target
Macquarie started coverage on Trent with an ‘Outperform’ rating and a target price of Rs 7,000, citing strong growth.
Ashok Leyland Drops on Promoter Share Pledge
Hinduja Automotive pledged 30 crore shares worth Rs 6,000 crore. Its UK subsidiary may shut a manufacturing unit due to slow EV adoption.
Max Financial Services Sees a Block Deal Worth Rs 569 Crore
A 1.5% stake (51.2 lakh shares) changed hands in a block deal. Promoters of Max Ventures are likely sellers.
IDFC First Bank Sees Large Share Transfer
A block deal involving 82.3 lakh shares worth Rs 62.6 crore was reported in IDFC First Bank.
UPL's Subsidiary Secures $100 Million Investment
Advanta Enterprises (AEL), a UPL subsidiary, received a $100 million investment from Alpha Wave for a 3.5% stake.
SpiceJet Gains on Dispute Settlement
SpiceJet resolved its dispute with Willis Lease Finance Corporation. Chairman Ajay Singh said QIP and promoter funding helped strengthen the company's finances.
Sobha Upgraded to ‘Buy’ Despite Lower Target Price
Geojit BNP Paribas upgraded Sobha to ‘Buy’ but reduced its target to Rs 1,447. The company’s strong launch pipeline supports growth.
United Spirits Appoints New MD & CEO
Praveen Someshwar will replace Hina Nagarajan as the new MD & CEO, effective April 1.
Bharat Forge Wins Rs 4,140 Crore Defence Order
The company secured an order from the Ministry of Defence for 184 advanced towed artillery gun systems (ATAGS), developed with DRDO.
Zen Technologies Bags Rs 152 Crore Defence Order
Zen Technologies won a Rs 152 crore contract from the Indian Defence Ministry to supply its Integrated Air Defence Combat Simulator (IADCS).
Blue Star to Hike AC Prices by 4-5%
Blue Star announced a 4-5% price increase in April, citing higher metal prices and forex fluctuations.
Restaurant Brands Asia Completes Rs 500 Crore QIP
The company raised Rs 500 crore via a QIP at Rs 60 per share, a 3.7% discount to the floor price.
Suzlon Secures a 204.8 MW Order from Jindal Green Wind 1
The order brings Suzlon’s total order book to 5.9GW. CEO JP Chalasani expects wind turbine generator margins to exceed 20%.
Conclusion
Indian markets bounced back strongly, led by financial stocks and PSU banks, after a volatile session. However, auto stocks struggled due to Trump’s 25% tariff on imports. Several large-cap and mid-cap stocks saw significant action, driven by corporate announcements and global economic factors. The coming sessions will likely remain volatile as investors monitor global trade developments and corporate earnings.
The Upcoming IPOs in this week and coming weeks are Arisinfra Solutions Limited, Infonative Solutions Limited,Spinaroo Commercial Limited,Aten Papers & Foam Limited.
The Current active IPO are Retaggio Industries Limited,Identixweb Limited, ATC Energies System Limited, Shri Ahimsa Naturals Limited.
Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.
Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.
