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Banks offer best risk-reward, IT stocks still expensive: Jefferies’ Mahesh Nandurkar

Given the broader market’s correction, with over 100 stocks trading below their long-term averages, Mahesh sees little reason to chase IT stocks at current levels.
Rupee ends higher on foreign banks' dollar sales, positional adjustments

The rupee closed at 86.9975 against the U.S. dollar, up 0.2% on the day. The currency was down 0.1% week-on-week
Tata Motors shares drop 2% as Jaguar Land Rover reportedly shelves India EV factory plans

This comes amid a downturn in the overall auto sector as February sales data released by the Society of Indian Automobile Manufacturers (SIAM) failed to impress investors.
Centre forwards US SEC summons for Gautam Adani to Gujarat court: Report

An internal note reviewed by the newspaper detailed the request for services of summons received from the Central Authority of the USA under the Hague Convention
Watch Now

https://youtu.be/OLry2pMpqtE?si=H3fpkJfqH8wFX9z3
Nifty50 Max Pain at 22,450
Nifty50 OI at 2:00 pm
Nifty50 Heat Map at 2:00 pm
Gensol Engineering plans Rs 600 crore fundraise to strengthen finances, share split in 1:10 ratio

Gensol Engineering's board of directors approved two fundraising initiatives amounting to Rs 600 crore to boost financial standing.
PB Fintech shares extend losses to nearly 10% in 2 days as Rs 696 crore healthcare investment fails to cheer investors

Earlier this week, PB Fintech said it proposes to infuse Rs 696 crore in its wholly owned subsidiary PB Healthcare Services in the next financial year to grow its business.
🇺🇸Senator Cynthia Lummis's Strategic #Bitcoin Reserve bill is now on Congress Gov's website.
🇺🇸Senator Cynthia Lummis's Strategic #Bitcoin Reserve bill is now on Congress Gov's website.
CLSA maintains 'overweight' on IndusInd Bank despite ongoing uncertainty, says shares can rally 31%

Over the next few quarters, CLSA said that there will be lingering uncertainty over more skeletons in the closet and management continuity.
Check out Entertainers Cricket League(ECL) T10 | Match Day 9 on District!

https://link.district.in/DSTRKT/g37cl2bi
Slower-than-expected inflation opens door wider to April rate cut

Retail inflation eased to a seven-month low of 3.61 percent in February, as food inflation eased further, according to data released by the government on March 12
PFC board approves Rs 1.4 lakh crore borrowing plan for FY26, declares interim dividend

The company has also fixed March 19, 2025 as the record date for payment of dividend, while the payment of dividend will be on or before April 11, 2025.
Worst of FII outflows behind, their impact getting smaller, says MOFSL

MOFSL noted that the FII exodus resulted into a mild impact on Indian equities, thanks to the counter-buying from domestic investors which held the fortress.
MOFSL sees buying opportunities emerge from market rout; RIL, Bharti Airtel, HUL among top picks

MOFSL believes that Indian equities are sitting in the latter phases of its correction cycle, with muted FY25 earnings growth expected to drive double-digit uptick in FY26.
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