The real estate company has acquired a 4.4-acre land parcel in East Bengaluru for the development of a residential project with a total development potential of 0.6 million square feet and a gross development value of approximately Rs 950 crore.
Godrej Properties has sold homes worth over Rs 1,000 crores with a total area of ~ 0.84 million sq. ft. in its project, Godrej Madison Avenue, located in Kokapet, Hyderabad.
Middle East clients have awarded two contracts for PMC Services and for Engineering & Project Management Services Agreements to Engineers India Limited (EIL). Total estimated contract value of these two orders is approximately Rs 730 crores.
The company has emerged as the lowest bidder for a Central Railway project worth Rs 115.79 crore. The project involves OHE modification work for the upgradation of the existing 1×25 KV electric traction system to 2×25 KV at the feeding system in the Itarsi-Amla section in the Nagpur division of Central Railway to meet the 3000 MT loading target.
Ola Electric has amicably settled all outstanding dues between its wholly owned subsidiary, Ola Electric Technologies, and the Rosmerta Group. As a result, the Rosmerta Group has filed the memo for withdrawal of the petitions filed before the National Company Law Tribunal (NCLT), Bengaluru. The matter now stands fully resolved.
On the back of positive global cues, the Indian indices opened higher on March 25 with Nifty above 23700.
The Sensex was up 374.51 points or 0.48 percent at 78,358.89, and the Nifty was up 100.00 points or 0.42 percent at 23,758.35. About 1845 shares advanced, 471 shares declined, and 123 shares unchanged.
L&T, TCS, Axis Bank, Tata Motors, Tech Mahindra were among major gainers on the Nifty, while losers were Dr Reddy’s Labs, Britannia, Hindalco, Tata Steel, SBI Life Insurance.
xThe 5.6% rally in the Nifty from the recent lows has been driven by a combination of factors like FIIs turning buyers (Rs 13765 crores in the last three days), the consequent short-covering and improving macros of the Indian economy. The surge in mid and smallcaps has brought the retail investors aggressively back into the market. Even though the market momentum favours the bulls there is no fundamental support to take the market much higher from the present levels, particularly when President Trump’s Damocles sword of reciprocal tariff is hanging over the head of markets.
IT has been underperforming on fears on US growth slowdown impacting the Indian IT industry. The risk-reward in IT stocks is now favourable for buyers. Trump’s latest message that he will be “flexible” on tariffs and will “give breaks to many countries” has aroused hopes on some softer treatment to India. But we will have to wait till April 2nd.
For the sixth consecutive day, the rally continued, and the Index closed higher at 23,658. With a bullish candle formation on the daily charts, the Index has now entered an overbought territory, nearing its previous swing high of 23,800, which is expected to act as immediate resistance. On the downside, 23,400 will serve as the key supsport level. After such a stellar one-way rally, a pullback is expected to offer the necessary correction. A similar trend was observed in BankNifty as well, which also shows overbought conditions with immediate resistance lies at 52,000, with support at 50,700.
While BankNifty and PSU Banking sectors are still showing strength, most other sectors have formed either DOJI or Spinning Top candlestick patterns, suggesting weakening of the positive momentum. Many of these sectors, along with the Mid and Smallcaps, are also in overbought territory, highlighting the potential for a pullback to create better entry points.
Motilal Oswal sees opportunities in select consumption stocks despite the sector’s six-month underperformance, driven by weak demand, higher costs, and soft earnings….Read More
Yesterday’s session saw Nifty turn positive for 2025, with Bank Nifty leading the charge, up 2%, driven by all-time highs in ICICI Bank and Kotak Bank. PSU Banks (+3.18%) outperformed, while Mid-cap and Small-cap indices also gained 1.3% and 1.1% respectively. Defence stocks rallied on global demand prospects, with Bharat Dynamics, HAL, and MTAR Tech up significantly.
Power Mech surged 17% after securing a Rs 597 crore order from BHEL. The market is buoyed by hopes of softer tariffs from Trump’s administration, with FIIs buying Rs 3,056 crores.
Nifty’s technicals indicate bullish consolidation with key resistance at 24,500. Cummins India, Tech Mahindra, and Hindustan Copper are stocks to watch for potential gains on early declines.