On Wednesday, 3828 stocks advanced, 508 declined and 105 remained unchanged on Bombay Stock Exchange with advance decline ratio of 7.53 indicating a positive closing. The trend of the major indices on Wednesday’s trading is given in the table below.
On NSE, 29 securities advanced and closed at a new 52-week high whereas 79 securities sank to close at their new 52-week lows. Nifty India Defence, Nifty PSU Bank and Nifty Media were among the biggest gainer. Nifty Pharma was the only loser.
Amber Enterprises (+0.47%) subsidiary IL JIN Electronics (India) Pvt Ltd has raised its stake in Unitronics to 49.66%. The additional 4.85% stake was acquired via ILJIN Holding Ltd, its wholly owned Israel based arm, through one or more tranches.
The Central Bureau of Investigation (CBI) has registered another case against Anil Ambani and others for allegedly defrauding Life Insurance Corporation of India of over ₹4,500 crore between 2009 and 2017. The FIR names Reliance Communications, Ambani, the then non-executive chairman and unknown public servants, accusing them of criminal conspiracy, cheating, and criminal breach of trust.
NTPC (-1.62%) completed the transfer of its coal mining business to NTPC Mining Ltd, effective 1 April 2026. The final tranche included the Pakri Barwadih Coal Mine (Hazaribagh, Jharkhand) and the Coal Mining HQ at Ranchi. With the COD of Pakri Barwadih North West Project declared on 1 April 2026, NTPC has now fully hived off all coal mining units under its subsidiary, completing the restructuring process.
Great Eastern Shipping (+3.21%) acquired a 2014 built Medium Range Tanker (49,420 dwt) on 1 April 2026, financed entirely through internal accruals. This expands its fleet to 40 vessels (26 tankers, 14 dry bulk carriers), aggregating 3.20 million dwt with near 100% utilisation. Additionally, GE Shipping has contracted to buy a secondhand Kamsarmax Dry Bulk Carrier, expected to close in Q1 FY27, further strengthening its dry bulk capacity.
HCLTech (+0.95%) launched AI Force 2.0, its upgraded enterprise AI platform, on 1 April 2026. The platform integrates agentic intelligence with generative AI to accelerate workflows across software engineering, IT operations, and business processes. Key features: model agnostic modular design, prebuilt assets library, autonomous AI agents, and embedded Responsible AI evaluators.
Blinkit rolled out a world first quick commerce service inside Mumbai’s CSMIA (Terminal 2 domestic departures) in partnership with Adani Airports. Travellers can now order from a curated catalogue of 2,500+ products—chargers, books, snacks, gifts, travel accessories—via the Blinkit app, with delivery handled by dedicated in terminal walkers.
Marksans Pharma (+7.11%) received final USFDA approval for its ANDA of Benzonatate Capsules USP (100 mg & 200 mg). The product is bioequivalent to Pfizer’s Tessalon Capsules, a non narcotic antitussive used to relieve persistent coughs. This milestone expands Marksans’ global generics portfolio across key therapeutic segments, reinforcing its regulatory strength in the US, UK, and Australia.
ITC (+1.39%) made Sproutlife Foods (Yoga Bar brand) its subsidiary effective 1 April 2026, by acquiring the right to nominate a majority of directors on its board. This strengthens ITC’s food portfolio, leveraging Sproutlife’s digital first presence and growing offline reach. Sproutlife has shown strong growth, with turnover rising from ₹88 crore (FY23) to ₹200 crore (FY25), underscoring its momentum in the health focused food segment.
Petronet LNG (+3.80%) commissioned the Dahej LNG terminal expansion, boosting capacity from 17.5 to 22.5 MMTPA at 23:30 hrs on 31 March 2026. Located in Dahej, Gujarat, the terminal is one of India’s largest LNG import hubs, critical for national energy supply. The enhanced regasification capacity will strengthen natural gas availability, supporting industries and regional energy security.
Power Mech Projects (+8.25%) secured a ₹109.22 crore order from Hindustan Zinc Ltd for the operation and maintenance of a 91.5 MW captive power plant and transmission line up to MRSS. The contract, to be executed over 48 months, positions Power Mech as an independent contractor, showcasing its expertise in complex operations and maintenance services within the energy sector.
Gallantt Ispat (+2.60%) received a ₹233.55 crore SGST refund subsidy from the Uttar Pradesh government under its Infrastructure & Industrial Investment Policy (2012/2017), covering up to June 2025. The company, with no term or unsecured loans, has invested the subsidy along with surplus funds into a ₹300.01 crore fixed deposit with HDFC Bank.
Oracle (+2.26%) carried out one of the largest tech layoffs of 2026, cutting about 30,000 jobs globally, including 12,000 in India. The India reduction is among the biggest single-company layoffs in the country’s tech sector, comparable to the post-pandemic cuts of 2022–23. Reports suggest a second round of job cuts may follow within a month, underscoring the scale of Oracle’s restructuring.
EaseMyTrip (+9.74%) announced a strategic collaboration with National Skill Development Corporation (NSDC) and Sanatan AI on 1 April 2026 to formalise India’s spiritual services economy. The initiative, branded “1 Panchayat – 1 Pandit – SANATANAI Shop on Wheels by EMT”, will empower Pandits, Pujaris, and Sanskrit‑trained youth as certified micro‑entrepreneurs. At its core is an EV‑based mobile ‘Shop on Wheels’ unit, combining structured training, standardised service delivery, and access to institutional financing to build a scalable Panchayat‑level entrepreneurship model.
Zaggle Prepaid Ocean Services (+16.01%) unveiled its AI Strategy for April 2026, aimed at reshaping India’s spend management landscape. The plan emphasizes a shift toward prescriptive analytics and tail spend management using autonomous negotiation and NLP driven visibility. Built on two pillars—in house AI initiatives (embedding AI into development for faster delivery, scalability, and efficiency) and AI enabled offerings (customisable solutions, enhanced product velocity)—the strategy positions Zaggle to drive agility, operating leverage, and innovation in enterprise spend management.
EID Parry (+4.98%) announced the closure of Parry Sugars Refinery India Pvt. Ltd. (PSRIPL) effective 31 March 2026. The Kakinada based 2,000 TPD SEZ refinery, set up in 2006 for raw sugar imports and exports, faced structural challenges—non availability of natural gas, rising costs from coal boilers, declining sugar premiums, reduced power revenue, accidents, demurrage, write offs, hedge losses, and high finance costs. As of 31 March 2025, PSRIPL had accumulated losses of ~₹1,406 crore, leading to the decision to shut operations.
Carborundum Universal (+3.45%) decided to voluntarily wind up its German subsidiary, CUMI AWUKO Abrasives GmbH (CAAG), effective 30 March 2026, after prolonged underperformance and mounting losses. CAAG specialised in coated abrasives for wood and leather applications, but faced low utilisation, inventory buildup, and intensified price competition.
Bharat Electronics (+4.51%) announced ₹6,795 crore in fresh orders, strengthening its order book post the 30 March disclosure. Contracts include mountain radars for MoD and an avionics package for LCA from HAL, alongside a major export order for communication equipment.
Infosys (+2.01%) expects a cumulative tax refund of ₹1,745 crore (including interest), following assessment orders received from the Income‑tax Department across multiple years—2013‑14, 2017‑18, 2018‑19, 2019‑20, 2020‑21, and 2021‑22. The orders were received between 26–31 March 2026, and the company is currently evaluating the impact on its Q4 and FY26 financials.
Emami (+0.01%) announced the acquisition of a 73.5% stake in Axiom Ayurveda for up to ₹200 crore, taking its holding to 100% and making the company a wholly owned subsidiary. The deal, structured as a cash transaction, is expected to close by 30 June 2026, with no related party involvement beyond Axiom’s prior associate status. Axiom, incorporated in 2019 in Haryana, operates in FMCG healthy beverages, known for its aloe vera–fruit fusion products, which contribute 15–20% to its branded portfolio.
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:
