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Stocks that were in focus include names like Swiggy, which fell 1.2% and RVNL, which gained 0.8% and TVS Motor, whose shares declined 1.5% on Wednesday.

Oil prices eased on Thursday after surging the day before as worries about the impact of intensifying tariff wars on global economic growth and energy demand outweighed the positive sentiment from a larger-than-expected draw in U.S. gasoline stocks. Brent futures fell 7 cents, or 0.1%, to $70.88 a barrel by 0107 GMT, while U.S. West Texas Intermediate crude futures shed 11 cents, or 0.2%, to $67.57 a barrel.

Vedanta, Ola Electric, Jaiprakash Associates, BEML, Infosys among others will be in focus due to various news developments. Vedanta Vedanta's promoters will maintain over 50% stake in each of its demerged entities, as the focus remains on creating pure-play companies which will be better placed to capitalise opportunities.

Pakistan security forces on Wednesday claimed to have rescued at least 155 passengers and killed 27 Baloch rebels as the rescue operation continues into the second day after terrorists hijacked the Jaffer Express train near Balochistan’s Bolan district. Pakistan Railway officials said that around 750 passengers had booked to travel by the Jaffar Express, but the train left Quetta with around 450 people onboard. Sources said that over 200 security personnel were also travelling on the same train. Balochistan is experiencing its worst phase of insurgency of all the four phases it has witnessed since 1948, a security expert told ET. This phase could be the defining moment in Balochistan’s history and its fight with Punjabi-dominated Pakistan governance structure. The daring nature of the hijack reflects a major Intelligence failure of the ISI and Pakistan Army, a source pointed out. Chinese reaction to the incident will be keenly watched. The Baloch Liberation Army (BLA) has threatened to execute ten Pakistani hostages following drone strikes and artillery shelling by Pakistani forces amid the ongoing hostage crisis in Balochistan’s Bolan district.

The Nifty IT index fell 2.9%, while the benchmark Nifty ended 0.1% lower Wednesday.

STATE OF THE MARKETS

Subscribe to enjoy similar stories. Market regulator Securities and Exchange Board of India (Sebi) has notified new norms for initial public offerings (IPOs) of small and medium enterprises (SMEs) to protect investor interests. Mint takes a look at this excitable segment of the equity market: Sebi last week notified amendments to tighten rules for initial share sales by SMEs.

Cybercriminals have registered more than 10,000 malicious domains to fuel these scams, which impersonate unpaid toll bills or missed delivery notifications. Victims receive urgent texts claiming they owe payments, complete with links to fake websites designed to steal credit card details, bank information, and personal data for identity theft.

social care providers will have to prioritise hiring foreign care workers already in the country before recruiting from overseas, the government said on Wednesday, as it cracks down on worker abuse in a sector heavily reliant on immigration. The move follows the introduction in November of stronger sanctions for rogue employers who recruit foreign workers but failed to provide them with work, leaving some unemployed and close to destitution. ALSO READ:What is UK’s Skilled Worker visa?

Ashwini Vaishnaw welcomed Elon Musk's Starlink on Wednesday, highlighting its potential to benefit railway projects in remote areas. «Starlink, welcome to India! Will be useful for remote area railway projects,» said Vaishnaw in a statement on X. Billionaire Mukesh Ambani's Jio Platforms has struck a deal with SpaceX, the aerospace company led by Musk, to bring Starlink's broadband internet services to India, a surprise move that follows months of bickering over how Musk's venture should be granted spectrum rights. The deal with Musk — considered the right-hand-man of US President Donald Trump — came a day after telecom tycoon Sunil Bharti Mittal's Bharti Airtel signed a similar partnership deal with SpaceX.

Specialty chemicals manufacturing startup Scimplify has raised $40 million in a Series B funding round co-led by Accel and existing investor Bertelsmann India Investments. The round also witnessed participation from UMI, 3one4 Capital and Omnivore. This brings the company’s total funding to around $54 million. The fresh capital will drive the Bengaluru-based company’s global expansion, enabling it to scale exports beyond the 16 countries it currently serves while strengthening its presence in life sciences, crop sciences, and industrial chemicals.

Different investment products cater to the distinct needs of various individuals. Mutual funds and portfolio management services (PMS) are examples of such products. While mutual funds have a ticket size of as low as ₹100, PMS schemes require a minimum investment of ₹50 lakh, mainly catering to high-net-worth individuals (HNIs).

The European Union launched countermeasures on Wednesday against new U.S. metals tariffs, with plans to impose its own duties on up to €26 billion (US$28.3 billion) worth of American goods.

Subscribe to enjoy similar stories. Investors in Bharti Hexacom Ltd stock must be a happier lot vis-à-vis their counterparts in Bharti Airtel Ltd, the parent company holding a 70% stake in the former. Hexacom’s shares have gained as much as 66% since its listing day’s closing price of ₹813.30 apiece on 12 April 2024.

Subscribe to enjoy similar stories. MUMBAI : Automobile and ancillary sectors remain caught in the FII-selling storm that has been ravaging Indian stock markets for over six months. Foreign Institutional Investors (FIIs) continued selling automobile and auto component stocks for the seventh month in February by offloading shares worth $454 million.

Power Finance Corporation Ltd. (PFC) has announced an interim dividend of Rs 3.50 per share, following the approval of its Board of Directors in a meeting held today. March 19 has been fixed as the record date for the purpose of determining shareholder eligibility. “In continuation of our earlier communication dated 09.03.2025, we would like to inform that, the Board of Directors of Power Finance Corporation Ltd. (PFC) in its meeting held today i.e. 12.03.2025 have inter-alia considered and approved the following: Declaration of fourth interim dividend @ Rs. 3.50/- (Rupees Three and paisa Fifty only) per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10/- each for the FY 2024-25,” the company said in its exchange filing.

'Laat Saheb' Holi procession here have been covered with tarpaulins and a strict security measure has been put in place ahead of the festival of colours which coincides with the Friday prayers. Following an 18th-century tradition, Holi in Shahjahanpur begins with revellers hurling footwear at a man impersonating 'Laat Saheb' — a British Lord — seated on a bullock cart. Barricades have been installed along the procession route and several CCTV cameras have been installed by the local administration. «There are 18 Holi processions in the city, including the two major 'Laat Saheb' processions. To ensure security, the larger procession has been divided into three zones and eight sectors, with around 100 magistrates deployed,» Superintendent of Police Rajesh S told PTI. Moreover, police have taken preventive action against 2,423 people to deter potential troublemakers, he said. «The security deployment includes 10 police circle officers, 250 sub-inspectors, around 1,500 police personnel and two companies of the Provincial Armed Constabulary (PAC),» the SP added.

DY Patil Stadium will host ‘Legends Faceoff’, featuring former stars from Real Madrid and Barcelona. Among the names confirmed for the match are Luís Figo, Carles Puyol, Fernando Morientes, and Ricardo Quaresma. Figo, who won the Ballon d’Or in 2000, played for both clubs, securing multiple La Liga titles and the 2002 Champions League with Real Madrid. Puyol, a defensive stalwart, led Barcelona to six La Liga and three Champions League trophies, in addition to winning the 2010 World Cup and Euro 2008 with Spain. Morientes played a key role in Real Madrid’s success, winning three Champions League titles and representing Spain in two World Cups. Quaresma, a former Barcelona winger, was part of Portugal’s Euro 2016-winning squad and enjoyed domestic success in Portugal and Turkey. The players expressed their excitement ahead of the match. Figo said, “India, I know you love football, and I can’t wait to bring the magic to Mumbai. Let’s make this an unforgettable night!” Puyol shared similar enthusiasm, stating, “India, I’ve seen your passion for football from afar—now it’s time to witness it up close.” Morientes and Quaresma also looked forward to the event, with Morientes keen to “experience India’s football madness” and Quaresma eager to “finally experience” the energy of Indian fans.

Narendra Modi on Wednesday announced an ambitious vision for the overall growth and development of the Global South. Modi said the "MAHASAGAR" or "Mutual and Holistic Advancement for Security and Growth Across Regions" will bring growth security.

Asking a supplementary during Question Hour, Manish Tewari of the Congress said national security and energy security have to go hand in hand. He claimed the mixed renewable energy project will run up to one kilometer of the International Border (IB) and noted that as per security protocol, any big infrastructure project should be at least 10 km away from the IB. He asked whether any relaxation was granted to the proposed project. The government asserted that nods and licences to any proposal are granted after obtaining clearances from the Centre, the state and relevant agencies.