Tale of the Tape 

Good evening everyone. Markets were back in the green!

Nifty (+0.5%) and Sensex (+0.4%) resumed their rally after a one-day blip. Midcaps (+0.4%) were up, while Smallcaps (+1.2%) saw big buying. The advance-decline ratio was in favour of the bulls (3:2).

Most sectors ended higher. PSU Banks (+2.5%) soared, followed by Energy (+1.4%) and Real Estate (+1.4%). Auto (-1%) was the top loser; PS - read our top story to understand how Trump’s tariffs are hurting the sector.

Is the tide turning when it comes to FIIs? More details below on why sentiment surrounding foreign buying is turning positive.

JB Chemicals, Wipro and Ashok Leyland saw big moves today. Check out their charts below to find out why.

BSE (+5%) will consider the proposal of a bonus issue on March 30.

Bajaj Housing Finance jumped +9% after rebalancing in NSE indices led to inflows worth $17 million.

Brokerage reactions. Aadhaar Housing Finance gained +5% after DAM Capital initiated coverage; the brokerage sees a +24% upside. Trent was up +2% after Macquarie slapped a buy call; it sees a cool +30% rally from current levels.

Max Financial (+2.5%) was in focus after 51 lakh shares (1.5% equity) changed hands in a large block deal. Reports indicate that promoters Max Ventures may be the seller.

VIP Industries jumped +6% intraday amidst buzz of a large private equity player picking up a controlling stake in the company.

Order wins. Dilip Buildcon (+6%) JV won a Rs 2,631 cr order from BSNL. IRM Energy was up +4% after signing a long-term LNG deal with Shell Energy India.

Here are the closing prints:

Market
Welcome Back!

Are FIIs finally back? ICYMI - foreign investors snapped up $1.4 billion in Indian equities over the last week. This is a big reason behind the market’s recent rally, but it’s more complex than it appears. 

For starters, a lot of the recent FII buying is passive. When global indices are rebalanced and Indian companies added, that leads to inflows into the Indian market. That’s mostly what’s happening here. That said, there are a bunch of recent triggers that is indeed swinging sentiment for FIIs:

• The rupee is finally starting to strengthen after a weak 2024, which is GOOD news for FIIs. For the unaware, when an FII profits from selling Indian stocks, their gains are in rupees. But when they want to take it back home and convert it to dollars, their profits are diminished because of the bad exchange rate. With the rupee now settling back, India could become more attractive for FIIs.

• Reports say the RBI is set to double an existing cap that individual foreign investors had on buying into listed Indian firms. The limits will now go from from 5% to 10% and be applicable for any foreign investor; earlier allowed only for overseas Indians (OCI card holders etc). This should result in new inflows.

• SEBI recently doubled the disclosure limit for FPIs from Rs 25,000-cr in AUM to Rs 50,000-cr. This is slightly controversial perhaps because while markets want to make sure no funny business is happening, it also increases compliance + hurts investor sentiment. Either way, most FIIs will now welcome this.

Stocktwits Specials
Top 5 Blue Chips To Buy NOW!!!

Markets are back with a bang! The Nifty just had its best week in over 4 years and is on track to erase all of 2025’s losses. Here are 5 high quality blue chips to play this recovery, according to SEBI registered advisors. Miss it at your own cost!