Sensex falls 289 points, Nifty settles in red

After a two-day recovery, the benchmark indexes settled in red on Thursday after a two-day recovery. Selling pressure was seen in the blue-chip counters. Sensex dropped more than 289.31 points, or 0.50 per cent, to 57,925. 28 and Nifty 50 lost 75 points, or 0.44 per cent, to 17,076, at the end of the day. For the day, 90 people were in attendance. Broader markets fell in tandem with the headline peers as the BSE midcap and smallcap indexes ended in the red. India VIX's fear gauge fell more than 2 per cent to 14.49 level.

Here is a look at stocks that are likely to remain in news today.

American alternative asset management firm TPG Global plans to sell its entire 7.6% stake through block deals today. The floor price is set at 345 a share, and TPG will sell 2,32, 07,692 shares of the company. This is a discount of nearly 7% on the current market price.

The board of directors will meet on March 28 to consider and approve the 5th interim dividend for the current financial year.

The board of directors of the company will meet on March 28 to discuss fundraising through the rights issue of shares.

Glenmark Lifesciences: The stock will trade ex-date for the interim dividend of Rs 21 a share.

The board of FMCG firm will hold a meeting today to discuss the buyback of shares. The stock has lost more than 14% year-to-date.

Anand Rathi Financial Services offloaded a 0.8% stake or 3,30, 000 shares of the company through a bulk deal on Thursday for Rs 26.7 crore.

The stock is going to trade ex-dividend for the interim dividend of Rs 5 per share.

A joint venture between Rachana-RVNL and the state owned firm has won an order worth 250 crore to upgrade a highway in Gujarat. The board will hold a meeting on Monday to consider payment of interim dividends.

The defence ministry has inked 2 contracts worth Rs 3,800 crore for the supply of medium power radar and digital radar warning receiver for the Indian Air Force.

The price increase will allow the company to raise prices in April 2023 due to increased cost pressure.

Chairman Sanjiv Puri said that the diversified conglomerate is going to use climate-risk modelling to identify the hotspots owing to extreme weather conditions. Puri said that a team of experts is involved in the job of modelling that includes big data analytics.