The benchmark indices were higher amid positive global cues in the previous session. The markets went higher because of Optimism for a less aggressive US Federal Reserve, while buying in the index heavyweights supported market sentiments. Sensex jumped 445.73 points, or 0.77 per cent, to 58,074. NSE's Nifty 50 rose by 119.10 points, or 0.70 per cent, to 17,107, while NSE's Nifty 50 rose by 119.10 points, or 0.70 per cent. Broader markets were less than the headline peers BSE midcap and smallcap indices ended half a per cent down, each. India VIX plunged by 5 per cent to 15.08 level.
Here is a look at stocks that are likely to remain in news today.
Franklin Templeton Fund bought 0.5% of Devyani International via a block deal on Tuesday, while Temasek sold nearly 3% of its holdings in the company.
Tata Power's arm Tata Power Renewable Energy has received the Letter of Award LoA from Maharashtra State Electricity Distribution Company MSEDCL to set up a 200 MW solar PV project in Solapur.
The Board of Indian Oil has granted an in-principle nod to carry out pre-project activities for setting up Paradip Petrochemical Complex at an estimated cost of Rs 61,077 crore.
The fourth interim dividend of Rs 26 per share is being announced by Hindustan Zinc for the current financial year.
The SBI Card has declared an interim dividend of Rs 2.5 per equity for the current financial year 2022 -- 23. The record date has been set by the company on March 29.
The board of the company raised up to 80,000 crore for FY 24 through bonds, term loans and other instruments from domestic and international markets.
The company received a Letter of Acceptance from Svetah Energy Infrastructure FZE, UAE. The order includes operations and maintenance works O&M of the floating production storage and offloading system Svetah Venetia, which will be deployed for production of oil and gas in the offshore area near Puducherry. The letter of acceptance is estimated to be worth around $20 million. The board of directors of the firm will meet on March 24 to discuss a proposal for the buyback of equity shares of the company.
Compucom Software received a Letter of Acceptance from Rajasthan Council for School Education of Rajasthan Undertaking for the order worth Rs 18.27 crore. The order includes computer systems, thin client, VC system, UPS and networking, electrification with 5 years on-site comprehensive warranty under ICT Schools scheme.
The civil engineering and construction company has won a new order from domestic unrelated client Railways Land Development Authority'' worth of 313 crore. The development of Bijwasan railway station is expected to be completed within 15 months of the date of the award. The total order book of the company is Rs 2,402 crore as of date.
Zydus Lifesciences arm Zydus Pharmaceuticals Inc has received the final nod for Tofacitinib Tablets from the United States Food and Drug Administration. USFDA Tata Motors has announced a price increase of up to 5% on its commercial vehicles starting April 1 in order to comply with the stringent BS 6 phase II emission norms.