Indian Equity Market Update

03 Apr 2024 CW Team

The Indian equity market witnessed mixed sentiments today, with benchmark indices fluctuating marginally. The Nifty and Sensex showcased a volatile trading session, influenced by various domestic and global factors.

Several sectors exhibited diverse performance, with IT, pharma, and FMCG stocks showing resilience, while banking and financial stocks experienced moderate declines. Investors remained cautious amid concerns over inflationary pressures and geopolitical uncertainties.

Mid-cap and small-cap stocks witnessed mixed movements, reflecting divergent investor sentiment towards emerging opportunities and perceived risks. Market participants continued to monitor corporate earnings, economic indicators, and policy developments for cues on market direction.

Foreign institutional investors (FIIs) remained net sellers in the market, while domestic institutional investors (DIIs) provided some support through selective buying. The rupee remained relatively stable against the US dollar, providing stability to the overall market sentiment.

Amidst ongoing volatility, market analysts advised investors to adopt a prudent approach and focus on quality stocks with strong fundamentals and growth potential. Diversification and risk management strategies were emphasised to navigate uncertainties and capitalise on opportunities in the equity market.

Looking ahead, market participants are expected to closely monitor global cues, corporate earnings announcements, and developments related to economic indicators and policy decisions. The resilience of the Indian equity market amidst prevailing challenges underscores its attractiveness as a viable investment avenue for both domestic and international investors.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..