Nifty, Sensex Continue be Under Pressure From the Gulf War – Thursday Market Report
Moneylife Digital Team 12 March 2026
On Thursday, 1598 stocks advanced, 2645 declined, and 176 remained unchanged on the Bombay Stock Exchange with an advance-decline ratio of 0.60, indicating a negative closing. The trend of the major indices on Thursday’s trading is given in the table below. 
 
 
On NSE, 31 securities advanced and closed at a new 52-week high, whereas 323 securities sank to close at their new 52-week lows. Nifty Energy, Nifty Metal and Nifty Media were the biggest gainer. Nifty Auto, Nifty FMCG and Nifty Infrastructure were the biggest loser.
 
Optiemus Electronics (+2.53%) entered a manufacturing agreement with Ai+ Smartphone to produce mobile phones and smart devices in India. The collaboration involves an investment of ₹125 crore over five years, creating about 1,200 jobs. Production will begin in April 2026 at OEL’s Noida facility, targeting 3 million smartphones, along with tablets, IoT devices, and wearables to support Ai+’s broader portfolio.
 
Aurobindo Pharma’s (+0.54%)Unit IV (APL Healthcare, Andhra Pradesh) has been classified as ‘Voluntary Action Indicated’ (VAI) by the US FDA, officially closing its recent inspection. The inspection, conducted 8–17 December 2025, had resulted in a Form 483 with five observations. The latest Establishment Inspection Report (EIR) confirms the facility’s status as VAI, meaning the inspection is closed without further regulatory action.
 
Enviro Infra Engineers (+4.51%) been awarded a ₹411.08 crore project under AMRUT 2.0 for the Aurangabad Sewerage Network and STP Scheme in Bihar. The scope includes EPC of a 20 MLD sewage treatment plant, eight pumping stations, and a 196 km sewerage network, along with five years of O&M.
 
Acme Solar (+4.27%) signed two PPAs with SJVN for 450 MW/1,800 MWh through its subsidiary Acme Greentech Seventh Pvt Ltd. The agreements, part of the Tranche FDRE 4 tender, run for 25 years starting 2 March 2026. Projects will connect to ISTS substations in Rajasthan’s high irradiation zones, delivering four hours of assured peak power during non solar hours with 90% monthly and annual availability.
 
VA Tech Wabag (+2.20%) secured a PPP contract from CMWSSB for a 45 MLD TTRO plant at Kodungaiyur, Chennai. The scope covers refurbishment, financing, operation, maintenance, and transfer of the facility, originally commissioned in 2019. Wabag will restore full treatment capacity within 18 months and then operate it for 18.5 years, supplying treated wastewater to industries in the Manali–Ennore and Manali–Minjur corridors.
 
Aster DM Healthcare (-0.27%) received 96.68% shareholder approval for its merger with Quality Care India Ltd (QCIL), paving the way to form one of India’s top three hospital chains. The strong backing includes a majority of minority shareholders and creditors, marking a key milestone in the Scheme of Amalgamation. With prior clearances from the CCI and stock exchanges, the merger is expected to close in the next quarter, pending final approval from the NCLT.
 
Dalmia Bharat (-2.08%) received a favourable ruling from the Appellate Tribunal under PMLA, 2002, reducing alleged proceeds of crime against its subsidiary Dalmia Cement (Bharat) Ltd from ₹793.34 crore to ₹92.52 crore. The tribunal’s order, dated 9 March 2026 and received on 11 March 2026, partially allowed Dalmia Cement’s appeal against the ED’s provisional attachment order of 31 March 2025, which had covered land parcels. It will also apply to the ED for release or substitution of attached land parcels, reflecting its intent to safeguard assets while continuing the legal process.
 
Jindal Steel (+3.20%) declared the preferred bidder for the Rengalaberha North‑East Extension and Nuagan West Iron Ore Block in Odisha, offering a 111.15% premium to the state government. The block, located in Keonjhar district, spans 84 hectares and was part of a tranche of 12 mineral blocks auctioned in December 2025. Explored up to the G2 level, government records estimate 38 million tonnes of iron ore resources within the block.
 
Bharat Forge (-0.97%) announced an equity infusion of ₹1,600.35 million (€15 million) into its wholly owned German subsidiary, Bharat Forge Global Holding GmbH (BFGH). The investment is aimed at strengthening BFGH’s capital reserves, while maintaining Bharat Forge’s 100% equity control. BFGH, incorporated in 2003, serves as the holding company for Bharat Forge’s overseas investments, with subsidiaries in Germany, Sweden, and France.
 
 
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:
 
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