Business

10

Mar

By The Press Editor

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Business

From BEL to Mazdock, defence shares continue to tumble even as stock markets rebound – Here’s why

Mumbai: The Nifty India Defence Index fell nearly 0.75 per cent on Tuesday, March 10, 2026, even as equity benchmark indices Sensex and Nifty rebounded after two days of massive decline amid improving global sentiment and a pullback in crude oil prices. Despite the positive start, defence stocks remained under pressure, and the Nifty India Defence index fell 0.75 per cent.  Why are defence stocks under pressure? Most of the defence stocks are under pressure even as the Sensex and Nifty traded higher today. The reason behind today's fall could be Donald Trump's statement, which suggested that the US-Israel conflict…

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10

Mar

By The Press Editor

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Business

Market Opening Bell: Sensex, Nifty rebound as US President Trump predicts Middle East de-escalation

Mumbai: A day after ending sharply lower, Indian equity benchmark indices, the Sensex and Nifty, rebounded on Tuesday, March 10, 2026, amid positive global cues as geopolitical tensions show early signs of easing after Trump suggested that the US–Israel conflict with Iran could conclude soon. This led to a significant drop in the crude oil prices. While the 30-share BSE Sensex surged 809.57 points to start the session at 78,375.73, the Nifty added 252.75 points to open at 24,280.80. In the last trading session, the Sensex closed at 77,566.16 and the Nifty 50 at 24,028.05. Similarly, the broader indices traded…

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09

Mar

By The Press Editor

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Business

Sedemac Mechatronics IPO allotment date: How to check status online on BSE, MUFG Intime

Mumbai: The initial public offering of Sedemac Mechatronics Ltd, a powertrain controls and auto parts manufacturer, received decent participation from retail investors and received 2.68 times subscription on the last day of bidding on Friday. The attention has not shifted to the IPO allotment date, and reports suggest that it is expected to be finalised today, i.e. on March 9, 2026. Once the allotment is finalised, equity shares will be credited to the demat accounts of successful bidders. Also, the refund process will be initiated tomorrow, i.e. on March 10. If you have applied for the IPO and want to…

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09

Mar

By The Press Editor

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Business

Pakistan seeks IMF help as crude oil prices spike near USD 120 a barrel, check full details here

Mumbai: Pakistan's Finance Minister Mohammad Aurangzeb has warned that escalating tensions in West Asia could increase the country’s monthly oil import bill by USD 600 million. The statement comes as the global oil market reacts sharply to the ongoing crisis, and crude oil prices crossed the USD 100 mark on Monday. International benchmark Brent crude touched USD 119.50 per barrel on Monday, while the US crude oil benchmark West Texas Intermediate (WTI) rose nearly 30.04 per cent to USD 118.21 from Friday's close of USD 90.90. The sharp surge in prices of crude oil reflects growing fears of potential disruptions…

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09

Mar

By The Press Editor

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Business

102% return in 1 year: FMCG stock in focus post company declares financial results for Q3FY26

Mumbai: Diversified fast moving consumer goods (FMCG) company Elitecon International Ltd has reported its financial results for the third quarter of FY26. The company's standalone revenue from operations for the December quarter stood at Rs 502.72 crore, marking a 939 per cent increase compared to Rs 48.40 crore in the same quarter last year (Q3FY25). Total income also rose sharply to Rs 503.12 crore, reflecting a 927 per cent year-on-year increase. Net Profit Rises 44 Per Cent Despite the sharp increase in revenue, net profit recorded a relatively moderate rise. The company reported a net profit of Rs 95.3 million,…

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09

Mar

By The Press Editor

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Business

Smallcap jewellery stock to raise Rs 350 crore fund through issuance of fresh shares, check details

Mumbai: Shares of Motisons Jewellers Ltd, a small-cap company in the jewellery sector, are likely to remain on investors’ radar on Monday, March 9, after the company shared key updates in its latest exchange filing. The company said that its board of directors met on Friday, March 6, 2026, and approved several important decisions, including a proposal to raise funds. According to the filing, the board approved a plan to raise up to Rs 350 crore through the issuance of equity shares or other securities convertible into equity. Fund Raising Through Multiple Routes The company stated that the funds may…

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09

Mar

By The Press Editor

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Business

SBI Life-owned NBFC to discuss fund raising via non-convertible debentures, board to meet on March 11

Mumbai: SBI Life-owned smallcap NBFC (non-banking financial company) Paisalo Digital Ltd shared an important update in its latest exchange filing after market hours on Friday. The company informed that the Operations and Finance Committee of its Board of Directors will meet on March 11, 2026. During the meeting, the committee will consider and may approve a proposal to raise funds through the issuance of non-convertible debentures (NCDs) via private placement. Paisalo Digital Share Price Movement The stock opened at Rs 32.95 on the BSE, compared to the previous closing price of Rs 33.42. During the session, the share touched an…

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09

Mar

By The Press Editor

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Business

Stock under Rs 200 opens in green as promoter buys 1 lakh shares, check full details here

Mumbai: Shares of basmati rice exporting company GRM Overseas Ltd opened in the green on Monday after a promoter purchase was disclosed in a recent exchange filing. In its filing dated Saturday, March 7, the company said that Atul Garg, one of its promoters, purchased 100,000 equity shares of the company on March 5, 2026. Each share has a face value of Rs 2. The company also submitted the required details of this transaction to the stock exchange in the prescribed format. GRM Overseas Share Price The company’s stock opened at Rs 160.95 on the BSE on Monday, up 1.35…

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09

Mar

By The Press Editor

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Business

Gold price falls by Rs 1,800 per 10 grams on MCX, silver drops over 2% | Check city-wise rates

Mumbai: Rates of precious metals in futures trade lower on Monday, March 9, 2026, amid a stronger US dollar, as the metal has entered a corrective phase. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a dip of Rs 983 or 0.60 per cent at Rs 1,60,651 per 10 grams against the previous close of Rs 1,61,634. It later fell to touch the low of Rs 1,59,826, a dip of Rs 1,808 or 1.11 per cent. Last seen, it was trading at Rs 1,60,378 with a fall of Rs 1,256 or 0.78 per cent. On…

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09

Mar

By The Press Editor

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Business

IOC Dividend 2026: Last few days to buys this PSU stock to be eligible for corporate action, check record date

Mumbai: Shares of state-owned Indian Oil Corporation (IOC) will be on investors' radar who want to earn additional profit from their investment amid extreme volatility in the stock market, amid persistent geopolitical tensions in the Middle East that keep crude oil prices elevated, and a fragile global risk sentiment. Indian equity witnessed sustained selling pressure in the week ended March 6, 2026. The Nifty 50 closed the final session at 24,450 (down 2.9 per cent for the week), the Sensex settled at 78,919 (also down 2.9 per cent week-on-week). Similarly, the Bank Nifty ended near 57,783 (down 4.5 per cent),…

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