On Wednesday, 1881 stocks advanced, 2381 declined and 169 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.79 indicating a negative closing. The trend of the major indices on Wednesday’s trading is given in the table below.
On NSE, 32 securities advanced and closed at a new 52-week high whereas 140 securities sank to close at their new 52-week lows. Nifty Auto, Nifty PSU Bank and Nifty India Defence were among the biggest loser. Nifty Pharma and Nifty Energy were among the biggest gainers.
Reliance Industries (-1.32%) started maximizing LPG output at Jamnagar, ensuring uninterrupted cooking fuel supply for households. Additionally, KG D6 natural gas is being diverted to priority sectors, in line with government allocation guidelines, to keep critical industries running smoothly.
Bharat Forge (-2.45%), in collaboration with Liebherr Aerospace, has inaugurated a Landing Gear Components Machining Facility in Pune. Located in Mundhwa, the advanced centre offers OEM approved precision machining for landing gear components.
Paytm (-1.43%) clarified that NPCI’s fee revision for RuPay Credit Card on UPI (effective 1 April 2026) will have no material financial impact. Third-Party Application Provider (TPAP) fees were cut to 6 bps (Non Industry) and 3 bps (Industry), but this affects only consumer UPI app revenue. Paytm’s core earnings come from merchant MDR, with margins above 4 bps, supported by high margin products like Postpaid, EMI, and RuPay Credit Card on UPI.
Jindal Steel (-0.02%) declared the preferred bidder for the Thakurani A1 Iron Ore Block in Odisha, committing to a 101.20% premium to the state government. The block, spanning 202 hectares in Keonjhar, was part of Odisha’s December 2025 auction of 12 virgin mineral blocks. It is G3 level explored with an estimated 50 million tonnes of iron ore resources.
Gopal Snacks (-0.50%) received an interim insurance payment of ₹17 crore for fire‑affected assets at its Rajkot unit. In FY26, total insurance receipts stand at ₹37 crore, with further payments expected as asset restatement continues.
Dilip Buildcon (-1.29%) received an Letter of Intent from RECPDCL for a major intra state transmission project in Karnataka. The scope includes a ₹1,850 crore EPC contract for a 400 kV Mekhali substation and transmission lines in Belagavi. To be executed under Build, Own, Operate, Transfer via Tariff Based Competitive Bidding, the project has a 24 month timeline and a 35 year concession period.
Wipro (+0.65%) signed a multi year contract with TruStage to modernize its retirement services operations. The deal involves upgrading core technology and processes to enhance digital experiences, efficiency, and agility. Led by Wipro’s consulting tem, the engagement will deliver a strategic innovation roadmap for TruStage’s future‑ready retirement services business.
Epack Durable (+6.15%) flagged potential gas supply constraints due to Middle East geopolitical tensions. The company has temporarily halted some production for the West Asia market but expects no material impact on overall operations. It is working with suppliers and exploring alternatives.
Omnitech Engineering (+8.30%) secured a ₹920 crore international contract from Weatherford Products GmbH under a five year Master Purchase Agreement. The deal involves an annual consideration of ~$20.1 million plus GST, strengthening Omnitech’s global footprint. The contract is not a related party transaction, with no promoter group interest in Weatherford.
Servotech Renewable Power System (-1.77%), in collaboration with Electra EV, has secured a 20 year patent for an innovative EV charging device. The technology enables fast DC charging of low voltage EVs via CCS2 infrastructure, solving interoperability challenges. It supports small commercial EVs and last mile mobility, ensuring safe, efficient charging and wider adoption in India’s EV ecosystem.
SBI Life Insurance (-1.28%) received an Income Tax Assessment Order of ₹537.75 crore for FY 2023 24. The demand includes ₹441.24 crore tax and ₹96.51 crore interest, with no penalty imposed. The order, issued on 11 March 2026 by the Faceless Assessment Unit, disallowed exemptions under sections 10(15) and 10(23AAB), taxed income under section 56, and applied a 30% corporate tax rate instead of section 115B.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
