On Tuesday, 2362 stocks advanced, 1892 declined and 183 remained unchanged on Bombay Stock Exchange with advance decline ratio of 1.25 indicating a positive closing. The trend of the major indices on Tuesday’s trading is given in the table below.
On NSE, 29 securities advanced and closed at a new 52-week high whereas 161 securities sank to close at their new 52-week lows. Nifty Metal, Nifty Auto and Nifty India Defence were among the biggest gainers. Nifty IT and Nifty FMCG were among the biggest losers.
Hindustan Copper (+3.27%) was fined ₹9,77,040 each by NSE and BSE for non‑compliance with SEBI’s corporate governance rules. The penalty stems from lapses in board composition and committee constitution for the quarter ending 31 December 2025, with director appointments managed by the Government of India through the Ministry of Mines. It has sought an exemption from payment, citing ongoing efforts to appoint five independent directors, and has informed its promoter, the Government of India, to fill the vacant positions.
Bharat Electronics (+2.29%) secured fresh orders worth ₹1,011 crore since its last disclosure on 25 February 2026. Key contracts cover communication equipment, radar warning/jamming systems, fire control systems, electro optic sights, and fighter aircraft safety systems. Additional supplies include high energy lasers, train supervision systems, head up displays, software, jammers, shelters, components, upgrades, spares, and services.
Adani Enterprises (-0.13%) received NCLT Allahabad Bench approval for its resolution plan for Jaiprakash Associates. The order was orally pronounced on 17 March 2026, endorsing the plan submitted on 14 October 2025 after Adani was named the successful resolution applicant. Implementation may be carried out by Adani Enterprises or associated entities such as Adani Power Limited and Adani Infra (India) Limited.
Power Finance Corporation (PFC) (+2.90%) dissolved its wholly owned subsidiary Ghogarpalli Integrated Power Company Limited (GIPCL), effective 16 March 2026. The entity, incorporated in May 2008 as an SPV for a 4000 MW Ultra Mega Power Project in Odisha, was struck off under Section 248 of the Companies Act, 2013 after the project’s closure. The Ministry of Power approved the dissolution on 27 November 2025, with filings to the Ministry of Corporate Affairs culminating in the official strike‑off.
Isgec Heavy Engineering (+0.69%) issued a CAD 2 million Standby Letter of Credit (SBLC) on 16 March 2026 for its Canadian subsidiary, Eagle Press & Equipment Co. Ltd. The SBLC, in favour of the Royal Bank of Canada, secures an additional working capital loan facility. This follows board approval on 13 November 2025, aimed at strengthening the subsidiary’s financial flexibility without altering previously disclosed information.
Clean Max Enviro Energy Solutions (+3.62%) agreed to acquire 100% equity in Kintech Solarbikaner for ₹38.06 crore, in a cash transaction to be completed by 31 March 2026. The move strengthens Clean Max’s renewable energy capacity in Gujarat, particularly in its wind solar hybrid portfolio. Kintech Solarbikaner, incorporated in May 2023, has not yet generated turnover and reported a net worth of ₹82,690 in FY24-25. The acquisition is not a related party transaction and requires no regulatory approvals, positioning Clean Max to expand its footprint in India’s renewable energy sector.
Kalpataru Projects International (KPIL) (-3.14%) announced new orders worth ~₹2,471 crore, strengthening its portfolio in power transmission & distribution (T&D) and civil infrastructure. The wins include an underground metro rail project in India via a JV/consortium, alongside domestic and international T&D projects. Additionally, KPIL secured contracts in the Buildings & Factories (B&F) segment within India, reinforcing its diversified order book across sectors and geographies.
Mastek (UK) Ltd., (-0.74%) a wholly owned arm of Mastek, has secured a £15 million contract with the UK’s Financial Conduct Authority (FCA) to strengthen its Digital Delivery Hub (DDH). The two‑year deal, extendable by another two years, positions Mastek as a specialist partner for high‑integrity regulatory bodies. Through digital engineering and service management expertise, Mastek will help modernise FCA processes as part of the UK Government’s broader regulatory transformation initiative to enhance consumer protection and market resilience.
Leela Palaces Hotels & Resorts (-1.94%) approved a ₹231.2 crore investment into its wholly owned subsidiary Leela Luxe Hotels & Resorts Pvt. Ltd. The move involves acquiring 2,31,20,000 equity shares at ₹100 each (including a ₹90 premium per share) on a rights basis.
HFCL (+0.66%) revised the timeline for its stake sale in Nivetti Systems Pvt. Ltd., now targeting completion by 30 June 2026 instead of the earlier 15 March 2026. The change follows an addendum to the Share Purchase Agreement executed between HFCL, buyer Trinity Tech Solutions, and Nivetti Systems.
National Mineral Development Corporation (NMDC) (+2.14%) signed a non‑binding MoU with Gujarat Mineral Development Corporation Limited (GMDC) to collaborate in the rare earth elements and associated minerals space. The partnership seeks to build an integrated rare earth value chain in India, spanning exploration, mining, processing, separation, and downstream manufacturing.
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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