Tale of the Tape 

Howdy folks. Welcome back to the market of stocks!

Nifty and Sensex continue to drag lower. PS - Indian markets are poised for a 5th consecutive month of losses; their worst run in 28 years!!! Midcaps (-0.9%) and Smallcaps (-1%) also followed suit. 390 stocks in the NSE 500 ended lower meaning nearly 4 in every 5 stocks closed in the red! Check out the Stocktwits Sentiment Meter:

Most sectors were under pressure. IT (-2.7%) was the top loser, followed by Metals (-2.2%) and Energy (-1.1%). FMCG (+0.4%) and Auto (+0.2%) posted minor gains.

Tesla is finally coming to India. But, what does this mean for existing players and its impact? Read our top story below for all the details.

Markets are melting, but some promoters are using the chaos to boost their holdings. More details below on which companies have full backing from their owners.

Healthcare Global, EPL and Federal Bank saw big moves today. Check out their charts below to find out why.

Wipro (-4%) was the top Nifty loser, leading the IT stock rout. Investors are worried over stagflation concerns in the US.

M&M (+2%) closed higher after Goldman Sachs said it sees a +40% upside from current levels.

Manappuram Finance was in focus after reports claimed that Bain Capital is in talks to acquire a controlling stake in the company. 

Havells plans to enter the EV charging business in the next 6 months, according to media reports. 

NTPC Green Energy fell -6% after its share lock-in period ended. PS - its down -8% from its IPO price of Rs 108 p/sh.

Here are the closing prints:

Stocks
Insider Trades

The Nifty is set to fall for the fifth consecutive month in a row, its longest losing streak in 28 years! But amidst the gloom, there are in fact promoters who are upping their stakes. Data shows owners have bought Rs 4,000-cr worth of their own firm’s shares, a large part in beat-up midcap & smallcap stocks. 

This is important because while a promoter selloff can happen for a lotta reasons, they usually only buy when they are confident of the company’s future outlook. So to help you, here’s a quick rundown of the top buys.

1) Sobha: Insiders snapped up 6.8 million shares worth Rs 569 cr in February alone. For the unaware, the real estate firm had a fantastic Q3, with its topline jumping +76% YoY. The company is also entering three new markets -- Mumbai, Greater Noida and Hosur -- in FY26 which paves the way for future growth. PS - Sobha is down -24% YTD

2) Bajaj Healthcare: Promoters bought 2.16 million shares for around Rs 143 cr. The stock is up +10% over the last month, but did see some gnarly correction mid-February. What’s popping? Well it swung back into profits in Q3; most pharma companies have been doing well. And while tariffs are a key negative trigger, most experts expect the sector to come out of that storm pretty well.

3) Quess Corp: Owners bought 7.5 lakh shares worth Rs 46 cr in February. The stock is down -7% YTD, providing a decent entry point. And while its Q3 was solid, the real trigger is that its long-awaited demerger will come into effect in Q4FY25. And while there’s been some margin pressure recently, the demerger should unlock a bunch of value!