On Monday, 890 stocks advanced, 3549 declined and 161 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.25 indicating a negative closing. The trend of the major indices on Monday’s trading is given in the table below.
On NSE, 23 securities advanced and closed at a new 52-week high whereas 1219 securities sank to close at their new 52-week lows. In sectoral indices, Nifty PSU bank, Nifty India Defence and Nifty Media were among the biggest losers.
Wockhardt’s (-1.16%) Zaynich® (Zidebactam/Cefepime) has received a favourable SEC recommendation for marketing approval. It targets MDR/XDR Gram negative pathogens with a novel β lactam enhancer mechanism. Final DCGI approval is the next step.
Tejas Networks (-5.91%) delivered 17,000+ TJ1400 IP/MPLS routers for BharatNet Phase III, now carrying live traffic across nine states and five union territories. The company plans to supply ~60,000 routers to cover 55,000 Gram Panchayats and 2,000 Blocks nationwide. Powered by Software defined Hardware™, these routers enable scalable, reliable middle mile networks.
JSW Steel (-0.69%) and JFE Steel have advanced their joint venture in JSW Kalinga Steel Ltd with JFE’s ₹7,875 crore first tranche investment. This led to the allotment of 2.27 crore shares, giving JFE a 25% stake on a fully diluted basis. Both firms now hold joint control over JSW Kalinga and JSW Sambalpur Steel Ltd. The JV strengthens operational capabilities and market reach, with a second 25% stake purchase planned for ₹7,875 crore.
BHEL (-3.67%) secured a ₹13,500+ crore order from NTPC for the Telangana Stage II STPP (3×800 MW). Scope covers design, engineering, manufacturing, erection, commissioning, and testing of boilers, turbines, and generators. The supercritical technology project will be executed in 62 months, enhancing efficiency and sustainability.
Vedanta (+0.83%) moved to the Supreme Court seeking a stay on the Adani Group’s proposed acquisition of Jaypee Group assets. The plea challenges the insolvency resolution process, citing concerns over execution and fairness. Adani had emerged as a key bidder, but Vedanta wants proceedings paused until its objections are addressed.
Bank of India redeemed its ₹602 crore 9.30% AT1 Bonds (Series VII) via call option on 30 March 2026. The redemption covered the entire 6,020 NCDs leaving no outstanding amount. Bondholders received both principal and ₹55.68 crore broken period interest, completing the bank’s obligation under this series.
Bharat Electronics (-1.01%) secured ₹1,660 crore in new orders, adding to its March 17 disclosure. The contracts span satcom networks, electronic warfare, avionics, communication gear, software, munitions, EVMs, upgrades, spares, and services. This strengthens BEL’s role as a Navratna defence PSU delivering advanced, cutting edge technology solutions.
Lloyds Metals & Energy (-0.52%), via its step down subsidiary Virtus Lloyds Minerals Holding (VLMH), has acquired a 49% stake in Chemaf Group for up to $30 million. Chemaf operates in the Katanga Copper Belt (DRC), with current output of 20,000 TPA copper and 4,000 TPA cobalt, expanding to 50,000 TPA copper and 16,000 TPA cobalt.
Dixon Display Technologies, a wholly owned subsidiary of Dixon Technologies (-3.45%) received ECMS approval on 30 March 2026 for display module sub assembly. The approval enables production of liquid crystal and TFT LCD modules, strengthening India’s electronics ecosystem.
NBCC (India) (-3.74%) appointed Project Management Consultant by the Government of Seychelles for a $75 million housing project. Scope: 1,008 affordable housing units plus associated infrastructure including a sewage treatment plant (STP). Funded via EXIM Bank’s Line of Credit, NBCC will oversee planning, design, and procurement, marking an expanded international footprint in Africa.
Enviro Infra Engineers (+1.73%) won an ₹405.71 crore EPC contract from NTPC for Battery Energy Storage Systems (BESS) in Uttar Pradesh (Tanda STPP) and Assam (Bongaigaon TPP). Scope: supply, services, performance testing, and 11 years of annual maintenance.
BHEL (-3.67%) bagged a ₹13,500+ crore NTPC order for the Telangana Stage II STPP (3×800 MW). Scope: design, engineering, manufacturing, erection, commissioning, and testing of boilers, turbines, generators, and civil works. Based on supercritical technology, the project must be completed in 62 months.
Premier Energies (-0.24%) commissioned a 5.6 GW solar module facility at Seetharampur, Telangana, expanding total capacity to 11.1 GW. The 75 acre plant will create ~2,000 jobs and features advanced automation with AI powered fault detection. Equipped for TOPCon + Zero Busbar modules, it delivers higher energy yield, reduced losses, and improved durability, reinforcing Premier’s position among India’s largest solar manufacturers.
Sammaan Capital (+0.79%) allotted ₹750 crore secured NCDs via private placement on 30 March 2026. Issue details: 75,000 listed, redeemable debentures of ₹1,00,000 face value, carrying a 9.75% coupon, maturing 3 April 2027. Backed by a pari passu charge over assets with 1.0x cover, the NCDs will be listed on NSE and BSE, offering investors a secure yield instrument.
Tube Investments of India (TII) (-1.91%) will invest ₹250 crore in TI Clean Mobility (TICMPL). The investment, via Compulsorily Convertible Preference Shares (CCPS), will help scale TICMPL’s electric mobility operations.
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:
