Friday, March 13
Stock market today: Market participants remained hesitant due to increasing global crude oil prices and anticipation of the upcoming US Federal Reserve interest rate decision this week, analysts noted.
Hindustan Zinc Limited (HZL) will invest approximately Rs 12,000 crore to double its zinc, lead, and silver production capacity. This expansion includes establishing a 250 ktpa integrated smelter in Debari, Rajasthan, along with mine expansions. The project, expected to be completed in 36 months, aligns with India's growing economy and aims to enhance self-reliance in zinc production.
Maruti Suzuki India aims to significantly increase vehicle deliveries via trains to 35% by FY 2030-31, as stated by MD-CEO Hisashi Takeuchi. This expansion is supported by the new in-plant railway siding at Manesar, the largest GatiShakti multi-modal cargo terminal in India. The initiative will reduce carbon emissions and fuel consumption considerably.
Tata Sons chairman N Chandrasekaran and Boeing's Stephanie Pope met at Air India headquarters following the deadly crash of Air India Flight 171 in Ahmedabad, involving a Boeing 787-8 Dreamliner. Chandrasekaran addressed employees, urging resilience and emphasizing the need to build a safer airline after the tragic incident that claimed over 270 lives. Boeing is supporting the investigation.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, turned red in afternoon trade on Tuesday While Nifty50 went below 24,850, BSE Sensex was down over 300 points.
Odisha's industrial sector is set for a major boost as the state government approved eight mega projects worth Rs 1.51 lakh crore. These ventures, spanning across six districts, are expected to create over 62,000 jobs in sectors like aluminium, chemicals, and steel.
Finance Minister Nirmala Sitharaman inaugurated multiple development projects in Leh, Ladakh, during her four-day visit, underscoring the Indian government's dedication to comprehensive growth and infrastructural advancement in the Union Territory. A credit outreach program disbursed loans worth Rs 5.1 crore to beneficiaries under various schemes, further supporting economic empowerment.
Jaguar Land Rover (JLR) has significantly reduced its profit forecast due to global automotive market uncertainty and new US tariffs. The company anticipates lower EBIT margins and near-zero free cash flow for fiscal 2026, impacting Tata Motors' shares.
Stock market today: The NSE Nifty increased by 227.90 points or 0.92 per cent to reach 24,946.50. The BSE Sensex rose by 677.55 points or 0.84 per cent, closing at 81,796.15. During trading, it reached a high of 81,865.82, up by 747.22 points or 0.92 per cent.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, rallied in trade on Monday. While Nifty50 was above 24,900, BSE Sensex rose over 600 points.
