Nifty 50 opens from 22721.95 after a 1.6% gain

The session

Where the market stands

Key drivers

Market breadth

Currency, commodities & rates

Currency, commodities and rates

• USD/INR: 95.27, rupee firmer by 0.51% on the session
• India VIX: 14.14 (-7.3%)
• Gold (rupee terms): -0.20% on the session, -0.4% over five sessions

Key drivers

Markets

• Stocks in news: Adani Enterprises, Hyundai Motor India, BHEL, BEL, Groww, Tata Elxsi and RailTel. Indian stocks rallied impressively, as benchmark indices surged by over 1.5%, fueled by a wave of positive investor sentiment. Key players like Adani Enterprises and Hyundai Motor India are capturing attention due to significant recent updates. (ET Stocks)
• IT stocks post best day in 17 months; markets log biggest gain in 4 months. Nifty IT surged 5.22 per cent, its biggest gain since May 2025, as the Sensex and Nifty rose over 1.5 per cent amid a selloff in Asian chip stocks and strong HCL Tech results (Business Standard Mkts)
• FM Sitharaman's LTCG tax remarks lift Sensex by 900 points. Can markets read hope of review?. Indian equities rallied on Tuesday, with the Sensex surging over 1,000 points after Finance Minister Nirmala Sitharaman said discussions around long-term capital gains tax (LTCG) and securities transaction tax (STT) were ongoing. (ET Stocks)

Read more Top stocks to buy in F&O segment: M&M, Shree Cements, Cholamandalam Investment by Jay Thakkar - Check targets · Stocks in news: Adani Enterprises, Hyundai Motor India, BHEL, BEL, Groww, Tata Elxsi and RailTel · IT stocks post best day in 17 months; markets log biggest gain in 4 months · FM Sitharaman's LTCG tax remarks lift Sensex by 900 points. Can markets read hope of review?

Economy & policy

Economy and policy

• Sebi proposes review of framework for monitoring utilization of issue proceeds. Sebi has invited public comments on recommendations to review rules governing the monitoring and disclosure of issue proceeds by listed companies. (ET Stocks)
• Sebi extends relaxation to revise fresh issue size till March 2027. IPO-bound companies can increase or decrease fresh issue sizes by up to 50 per cent without filing fresh draft offer documents, provided the main objective of the issue remains unchanged (Business Standard Mkts)
• Sebi notifies PMS rules; broadens investment avenue for portfolio managers, introduces PRIM route. Sebi has announced a new Portfolio Management Services framework effective from April 1, 2027. This framework permits portfolio managers to invest in IPOs, primary market debt, and various overseas securities. (Economic Times Markets)
• A falling stock is not always cheap: Kotak explains the role of earnings and valuations. Kotak Institutional Equities argues that stock prices are driven by earnings expectations and PE multiples rather than market flows or liquidity. (ET Stocks)

Read more Sebi proposes review of framework for monitoring utilization of issue proceeds · Sebi extends relaxation to revise fresh issue size till March 2027 · Sebi notifies PMS rules; broadens investment avenue for portfolio managers, introduces PRIM route · A falling stock is not always cheap: Kotak explains the role of earnings and valuations

Companies

• RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FM. Finance Minister Nirmala Sitharaman mentioned the Reserve Bank of India’s ongoing efforts to stabilize the rupee's value. She noted that the rupee has significantly depreciated due to global uncertainties, despite India's strong economic fundamentals. (Economic Times Markets)
• Hitachi Energy, E2E Networks, Anant Raj, other AI-linked stocks slide up to 5% as global AI rout hits Indian markets. Indian AI- and energy-linked stocks decline as a global technology sell-off deepens, with South Korea’s KOSPI plunging amid intensifying competition in the AI sector. Investors reassess AI valuations following sharp losses in Asian semiconductor stocks. (ET Stocks)
• Rs 26,340 crore added in minutes! Why HCL Tech, TCS and other IT stocks rallied up to 7%. Indian IT stocks rallied up to 7%, with the Nifty IT index gaining 3.3%, as concerns over rising AI investment costs and uncertain returns rattled global technology stocks. (Economic Times Markets)
• ICICI Prudential AMC Q2 results beat estimates, here's what brokerages say. Net profit came at Rs 888 crore in Q2 against Rs 837 crore in the year ago period. Revenue from operations grew 16.3% year-on-year from Rs 1,439.06 crore in the September 2026 quarter of the previous year. (Business Today Mkts)

Read more RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FM · Hitachi Energy, E2E Networks, Anant Raj, other AI-linked stocks slide up to 5% as global AI rout hits Indian markets · Rs 26,340 crore added in minutes! Why HCL Tech, TCS and other IT stocks rallied up to 7% · ICICI Prudential AMC Q2 results beat estimates, here's what brokerages say

Companies

New issues

• Sebi extends IPO-size flexibility on the back of soaring primary market activity. Sebi has extended the IPO relaxation allowing companies to revise fresh issue sizes by up to 50% without filing a new draft red herring prospectus. (Economic Times Markets)
• SMIDs rally heats up bets in IPO & secondary market; raises bar on earnings. Smaller IPOs delivered stronger returns than larger issues in the six months, while retail money increasingly flowed into small- and mid-cap funds (Business Standard Mkts)
• Jio IPO may trigger Reliance’s next big re-rating. Why Religare sees 47% upside. Reliance Industries could see a valuation re-rating as Jio Platforms’ proposed Rs 30,000 crore IPO brings greater transparency to its digital business. Religare has a target price of Rs 1,696 on the stock, implying 46.7% upside from its current market price. (ET Stocks)
• Sebi proposes tighter IPO proceeds monitoring, fines for defaulting firms. Sebi proposes mandatory monitoring agencies for all issuances, with stock exchanges empowered to levy fines and freeze promoters' demat accounts for persistent non-cooperation (Business Standard Mkts)

Read more Sebi extends IPO-size flexibility on the back of soaring primary market activity · SMIDs rally heats up bets in IPO & secondary market; raises bar on earnings · Jio IPO may trigger Reliance’s next big re-rating. Why Religare sees 47% upside · Sebi proposes tighter IPO proceeds monitoring, fines for defaulting firms

Currency, commodities & rates

World

• NSEIX, London Stock Exchange sign pact to deepen India-UK market links. NSE IFSC and the London Stock Exchange have signed an MoU to explore dual listings, cross-listings, new financial products and cross-border trading connectivity between GIFT City and London. (ET Stocks)
• Dollar languishes as focus turns to CPI, Fed speakers. The dollar declined as traders awaited new information on the timing for interest rate increases. Investors reevaluated the recent rally fueled by artificial intelligence developments and easing oil prices. (Economic Times Markets)
• Hyundai replicating India learnings across global markets: CEO Jose Muñoz. Hyundai Motor CEO Jose Muñoz says the company's India operations offer a blueprint for global markets, with long-term investments, localisation and electrification driving growth (BS Companies)
• US, UK Or Canada? How RBI’s Latest Move Could Affect Your Child’s Study-Abroad Costs. The RBI’s currency-stabilisation measures could offer temporary relief to Indian families paying overseas education expenses. However, rising tuition fees, visa restrictions and changing post-study work rules continue to put pressure on study-abroad budgets. (NDTV Profit)

Read more NSEIX, London Stock Exchange sign pact to deepen India-UK market links · Dollar languishes as focus turns to CPI, Fed speakers · Hyundai replicating India learnings across global markets: CEO Jose Muñoz · US, UK Or Canada? How RBI’s Latest Move Could Affect Your Child’s Study-Abroad Costs

What matters next