After opening day on a positive note, Indian benchmark indices sustained their upward trajectory, building on their gains throughout the session to close on a strong note.
Benchmark Indian equity indices continued their northward movement for the sixth consecutive session to settle with gains of over 1% each.
At the closing bell on Monday, the BSE Sensex closed Higher by 1078 points (up 1.4%)
Meanwhile, the NSE Nifty closed points 307 Higher (up 1.3%)
Kotak Mahindra, Tech Mahindra, SBI among the top gainers today
Titan, Trent and Bharti Airtel on the hand, were among the top losers today.
The BSE MidCap index ended 1.3% higher and BSE SmallCap index ended 1.2% higher.
Sectoral indices were trading positive with stocks in banking sector and power sector witnessing most buying.
Speaking of stock markets, in her latest video, Research analyst Tanushree Banerjee in her latest video, highlights that concerns over poor corporate governance at IndusInd Bank are not an isolated case. Similar issues surfaced during the Tata Group's boardroom dispute between Ratan Tata and Cyrus Mistry.
Even Infosys, long regarded for its strong governance standards, faced regulatory scrutiny when SEBI pointed out shortcomings such as ineffective audit committees and a lack of independence among directors.
Additionally, the role of auditors in identifying and reporting governance breaches remains limited, raising concerns about accountability. With such instances becoming more frequent, are minority shareholders at risk of facing more unexpected shocks?
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JSW Steel shares will be in focus today.
In the news from metal sector, JSW Steel, the flagship company of the diversified JSW Group, with a market capitalization of Rs 1980 billion (bn), continued their impressive winning streak for the sixth consecutive trading session on 24 March 2025.
The shares reached a new all-time high of Rs 1,072 per share, marking a significant milestone. This represents a 1.2% increase from the previous closing price.
Diamond Power Infra shares will also be a top buzzing stock.
Moving on to the news from power sector, shares of Diamond Power Infrastructure, a leading electrical equipment manufacturer and integrated solutions provider, witnessed a significant surge on 24 March 2025. During intra-day trading on the NSE, the company's shares climbed 5% to hit the upper circuit of Rs 98.9 per share.
Power Mech Projects' stock price skyrocketed by 17% to Rs 2,546.5 on the BSE during Monday's intraday trading session, driven by an overwhelming surge in trading volumes.
This remarkable uptrend was sparked by the company's announcement of securing a substantial order worth Rs 57.9 billion (bn) (excluding Goods and Services Tax) from Bharat Heavy Electricals Limited (BHEL).
In an earlier development, on 25 February 2025, Power Mech announced that it had secured a Rs 16.5 bn (excluding GST) order from BHEL for the main supply, including design and engineering, mandatory spares, and civil works, encompassing Erection & Commissioning (E&C) services for the 2 X 800 MW DVC Koderma TPS Phase-II-EPC project.
Power Mech's management is actively pursuing tenders to achieve a target of Rs 300 bn in new orders by March 2025. The company is also the L1 bidder for the Rs 97.3 bn Deoghar Bypass Highway project in Jharkhand under the hybrid annuity model. The power sector is expected to drive order inflows over the next 2-3 years, with civil works and operation and maintenance jobs being key contributors.
TVS Holdings' stock price witnessed a significant uptrend on, 24 March 2025, surging 3.5% during trading hours. The shares reached an intraday peak of 9,120 per share on the BSE, driven by the company's announcement that its board of directors has approved a substantial dividend payout.
As of the latest trading session, TVS Holdings' market capitalization stood at a substantial Rs 181 bn. Historically, the company's stock has witnessed significant price fluctuations, with a 52-week high of Rs 15,115.3 per share and a 52-week low of Rs 7,880.1 per share.
TVS Holdings has announced that the record date for the dividend payout has been fixed on 28 March 2025.
This means that shareholders who own the company's shares as of this date will be eligible to receive the dividend payment.
In accordance with the regulatory requirements outlined in the Companies Act, 2013, the company will disburse the dividend payment within a period of 30 days from the declaration of the interim dividend.
TVS Holdings is the parent company of TVS Motor Company Limited, which is renowned as India's third-largest two-wheeler manufacturer. As a flagship entity of the esteemed TVS Group, TVS Motor Company has established a strong presence in the Indian automotive industry.
The Indian rupee continued its upward trajectory on Monday, marking its ninth consecutive session of gains and achieving the longest winning streak since January 2024.
This notable trend is attributed to the resurgence of foreign inflows and the weakening value of the US dollar.
According to Bloomberg data, the rupee appreciated by 35 paise, closing at 85.6 against the US dollar, compared to its previous close of 85.9 on Friday.
The rupee's value has increased by 1.9% in March alone, closely mirroring the decline in the dollar index. Over the course of the current financial year, the rupee has witnessed a depreciation of 2.2%.
However, its recent rally suggests a potential reversal of this trend, driven by favourable market conditions and increased foreign investment.
The Indian rupee is poised for further gains this week, potentially reaching the 85.0 zone, provided the US dollar remains below 104 and foreign institutional investors (FIIs) continue to infuse capital into the market.
Key resistance levels to watch are 85.1 to 85.3, while support is expected at 85.9 to 86.0.
To know what's moving the Indian stock markets today, check out the most recent share market updates here.
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