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Bombay Stock Exchange (BSE), Hindustan Copper, Manappuram Finance, IndusInd Bank, SAIL shares are banned from F&O trading on 12 March 2025.
Stocks to Watch:
FSN E-Commerce Ventures (Nykaa) incorporated a wholly owned subsidiary, Nykaa Essentials, for its beauty and personal care business.
Bharti Airtel has signed an agreement with SpaceX to bring Starlink's high-speed internet services to its customers in India, subject to regulatory approvals.
Rail Vikas Nigam (RVNL) emerged as lowest bidder (L1) from National Highway Authority of India (NHAI) for construction of 6 lane access controlled connectivity to Visakhapatnam Port Road in Andhra Pradesh.
Tata Consultancy Services (TCS) to acquire 100% stake in Darshita Southern India Happy Homes Private for total consideration of Rs 2,250 crore.
PB Fintech’s board approved an investment of Rs 696 crore in its arm PB Healthcare Services.
Godrej Agrovet will acquire a 48.06% stake in Creamline Dairy Products for Rs 930 crore.
CG Power and Industrial Solutions secured an order for supply and servicing of railway products for Vande Bharat train sets, with the first phase of the order valued at Rs 450 crore.
Tata Teleservices (Maharashtra) Ltd rose 3.47% today to trade at Rs 62.3. The BSE Telecommunication index is up 1.05% to quote at 2628.42. The index is down 5.09 % over last one month. Among the other constituents of the index, Suyog Telematics Ltd increased 2.31% and Bharti Airtel Ltd added 2.03% on the day. The BSE Telecommunication index went up 7.3 % over last one year compared to the 0.94% surge in benchmark SENSEX.
Tata Teleservices (Maharashtra) Ltd has lost 14.27% over last one month compared to 5.09% fall in BSE Telecommunication index and 3.81% drop in the SENSEX. On the BSE, 45634 shares were traded in the counter so far compared with average daily volumes of 4.69 lakh shares in the past one month. The stock hit a record high of Rs 111.48 on 19 Jul 2024. The stock hit a 52-week low of Rs 54.01 on 03 Mar 2025.
Airtel and SpaceX will explore offering Starlink equipment in Airtel’s retail stores, Starlink services via Airtel to business customers, opportunities to connect communities, schools, and health centers, among many others, in even the most rural parts of India. Airtel and SpaceX will also explore how Starlink could help expand and enhance the Airtel network, as well as SpaceX’s ability to utilize and benefit from Airtel’s ground network infrastructure and other capabilities in India.
With Starlink enterprise suite, Airtel will be able to offer enterprises, businesses, and communities comprehensive and seamless connectivity packages.
Gopal Vittal, managing director and vice chairman, Bharti Airtel, said, “Working with SpaceX to offer Starlink to Airtel customers in India is a significant milestone and further demonstrates our commitment to next-generation satellite connectivity, this collaboration enhances our ability to bring world-class high-speed broadband to even the most remote parts of India, ensuring that every individual, business, and community has reliable internet. Starlink will complement and enhance Airtel’s suite of products to ensure reliable and affordable broadband for our Indian customers – wherever they live and work.”
Gwynne Shotwell, president and chief operating officer of SpaceX, said, “We are excited to work with Airtel and unlock the transformative impact Starlink can bring to the people of India. We are constantly amazed by the incredible and inspiring things that people, businesses and organizations do when they are connected via Starlink, the team at Airtel has played a pivotal role in India’s telecom story, so working with them to complement our direct offering makes great sense for our business.”
Bharti Airtel is a global communications solutions provider with over 550 million customers in 15 countries across India and Africa.
The company's consolidated net profit surged to Rs 14,781.20 crore in the quarter ended December 2024 as against Rs 2,442.20 crore during the previous quarter ended December 2023. Sales rose 19.08% to Rs 45,129.30 crore in Q3 FY25 as compared with Q3 FY24.
The counter rose 0.17% to Rs 1,664 on the BSE.
At 13:25 IST, the barometer index, the S&P BSE Sensex, dropped 149.86 points or 0.20% to 73,952.46. The Nifty 50 index lost 62.30 points or 0.28% to 22,435.60.
The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.96% and the S&P BSE Small-Cap index declined 0.47%.
The market breadth was weak. On the BSE, 1,407 shares rose and 2,451 shares fell. A total of 139 shares were unchanged.
Gainers & Losers:
IndusInd Bank (up 5.10%), Tata Motors (up 2.65%), Kotak Mahindra Bank (up 2.40%), HDFC Bank (up 1.92%) and Sun Pharmaceutical Industries (up 1.36%) were the major Nifty50 gainers.
Infosys (down 5.52%), Wipro (down 4.79%), Tech Mahindra (down 4.11%), HCL Technologies (down 2.57%) and Nestle India (down 2.16%) were the major Nifty50 losers.
Stocks in Spotlight:
Bharti Airtel shed 0.70%. The company announced an agreement with SpaceX to bring Starlink’s high-speed internet services to its customers in India. This is the first agreement to be signed in India, which is subject to SpaceX receiving its own authorizations to sell Starlink in India. It enables Airtel and SpaceX to further explore how Starlink can complement and expand Airtel’s offerings, and how Airtel’s expertise in the Indian market complements SpaceX’s direct offerings to consumers and businesses.
Reliance Industries rose 0.33%. The company said that Jio Platforms (JPL) has entered into an agreement with SpaceX to offer Starlink’s broadband internet services to its customers in India. This agreement, which is subject to SpaceX receiving its own authorizations to sell Starlink in India, enables Jio and SpaceX to explore how Starlink can extend Jio’s offerings and how Jio can complement SpaceX’s direct offerings to consumers and businesses.
Ola Electric Mobility (OLA) rose 1%, following the successful completion of its Network Transformation and Opex Reduction Program, a company-wide initiative launched in November 2024.
FSN E-Commerce Ventures (Nykaa) declined 2.47%. The company announced that it has incorporated a new wholly owned subsidiary, Nykaa Essentials, with its registered office in Mumbai, Maharashtra.
Kaynes Technology India rose 0.26%. The firm said that its managing director (MD), Ramesh Kunhikannan, received show cause notice (SCN) from Securities and Exchange Board of India (SEBI) for violating regulations.
Carysil added 1.84% after the company announced that it has entered into an agreement with KARRAN INC., USA, for the supply of Quartz kitchen sinks to fulfill requirements of new major U.S. home retail chain.
SEPC surged 17.69% after the company announced the execution of a Framework Agreement with ROSHN Group, a leading real estate developer in Riyadh, Kingdom of Saudi Arabia (KSA).
Godrej Agrovet shed 0.47% after the company’s board approved the acquisition of the remaining 48.06% stake in Creamline Dairy Products (CDPL) for total consideration of Rs 930 crore
Global Markets:
US Dow Jones index futures were up 112 points, indicating a positive opening in US stocks today.
European shares traded higher as traders awaited earnings from clothing giants Inditex and Puma, and carmaker Porsche.
Asian stocks traded mixed on Wednesday after President Donald Trump downplayed recession concerns, helping US markets stage a late recovery following a volatile session.
Trump also ruled out any exemptions from steel and aluminum tariffs, despite strong lobbying efforts by Australian Prime Minister Anthony Albanese.
In the US on Tuesday, the S&P 500 slipped 0.76%, while the Dow Jones Industrial Average dropped 1.14%. The Nasdaq Composite edged 0.18% lower. Tesla Inc. rebounded 3.7% after a steep 15% drop on Monday, while Delta Air Lines Inc. extended its losses, plunging over 7% after issuing a profit warning.
Trade tensions escalated further as Trump unexpectedly raised tariffs on Canadian steel and aluminum imports to 50%, up from 25%, in response to Ontario’s new 25% surcharge on electricity exports to the US. However, within hours, Ontario Premier Doug Ford agreed to suspend the surcharge and scheduled talks with US Commerce Secretary Howard Lutnick in Washington. In turn, Trump withdrew the tariff hike, restoring the original 25% rate on Canadian metals.
Investors now turn their attention to the upcoming US consumer price inflation report, a key indicator ahead of next week’s Federal Reserve interest rate decision.
Airtel announced today an agreement with SpaceX to bring Starlink's high-speed internet services to its customers in India. This is the first agreement to be signed in India, which is subject to SpaceX receiving its own authorizations to sell Starlink in India. It enables Airtel and SpaceX to further explore how Starlink can complement and expand Airtel's offerings, and how Airtel's expertise in the Indian market complements SpaceX's direct offerings to consumers and businesses.
Airtel and SpaceX will explore offering Starlink equipment in Airtel's retail stores, Starlink services via Airtel to business customers, opportunities to connect communities, schools, and health centers, among many others, in even the most rural parts of India. Airtel and SpaceX will also explore how Starlink could help expand and enhance the Airtel network, as well as SpaceX's ability to utilize and benefit from Airtel's ground network infrastructure and other capabilities in India.
Airtel remains committed to delivering comprehensive and reliable connectivity and digital solutions leveraging advanced technology with a focus on customer-centric services. By adding Starlink, (in addition to its existing alliance with Eutelsat OneWeb) to its offerings, Airtel will further its ability to offer nationwide connectivity and connect previously underserved areas, particularly those with limited to no coverage today. With Starlink enterprise suite, Airtel will be able to offer enterprises, businesses, and communities comprehensive and seamless connectivity packages.