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Fertiliser cos advance annual plant shutdowns
Fertiliser manufacturers are accelerating annual plant shutdowns to mid-March due to liquefied natural gas (LNG) supply disruptions stemming from the West Asian conflict. Reduced LNG availability, impacting ammonia production for urea, has led to a government-encouraged rescheduling of maintenance. This move aims to manage operations as gas supply has been cut by up to 40%.
Govt guarantees at least 70pc natural gas supply to fertiliser plants amid West Asia crisis
Fertiliser plants are now 'Priority Sector-2' for natural gas, ensuring 70% of average consumption to protect domestic production from West Asian conflict disruptions. This measure safeguards output ahead of the Kharif sowing season, with India holding substantial fertiliser reserves and an aggressive advance-stocking strategy in place.
'Dhurandhar: The Revenge' sees strong buzz, 1.5 lakh tickets sold for paid previews
Dhurandhar: The Revenge is creating significant buzz. Over 150,000 tickets are already booked for paid preview shows. The film releases on March 19, coinciding with festivals. It is directed by Aditya Dhar and stars Ranveer Singh. The sequel expands to Tamil, Telugu, Kannada, and Malayalam languages. Advance bookings show nationwide enthusiasm.
Sensex gains 578 pts; consumer durables shares advance
At 11:30 IST, the barometer index, the S&P BSE Sensex, advanced 578.21 points or 0.75% to 78,144.37. The Nifty 50 index gained 204.80 points or 0.83% to 24,232.85.
Minda Corp shares advance 5% as unit forms JV with UK's Turntide Drives
Under the proposed shareholding structure, Spark Minda Green Mobility Systems will hold a 49 per cent stake in the venture, while Turntide Drives will own the remaining 51 per cent
Oil prices extend advance as traders gauge US escort plan for Strait of Hormuz
West Texas Intermediate was above $75 a barrel post rallying 11% across two days, the biggest rise in four years. Brent ended near $81.
Asian shares decline as tech slides post Nvidia
Nikkei and Kospi slipped during open trade, keeping the MSCI Asia Pacific Index flat in early trade on Friday. Although, the gauge has increased over 6% in February and is set of its third straight monthly advance.
Tejas Networks jumps 17% on large 5G MIMO order; Sensex down 27 points, Nifty at 25,497
The Midcap Index gained 392 points to close at 59,798. Nifty Bank advanced 144 points to settle at 61,188. Market breadth remained neutral, with the NSE advance-decline ratio at 1:1.
Dräger India collaborates with Breach Candy Hospital to advance clinical education
Dräger India and Breach Candy Hospital have partnered to enhance clinical education and skill development for healthcare professionals. This collaboration brings the Dräger Medical Academy to Mumbai, offering digital learning modules and VR-based simulation training to bridge skill gaps and improve patient safety. The initiative aims to foster continuous learning and readiness in India's evolving healthcare landscape.
Asian shares advance, Nvidia trims earlier gains
The MSCI Asia Pacific Index increased 0.8%, while the Nvidia stock erased earlier gains in extended trading.
Vedanta surges 5% after BofA upgrade; Sensex ends at 82,276, Nifty at 25,483
The broader markets saw buying interest, with the Midcap index rising 340 points to 59,406. Market breadth remained neutral, with the NSE advance-decline ratio at 1:1.
Dow Jones recovers nearly 50% of Monday's sell-off as software, tech shares see relief rally
AMD shares led the rebound in tech stocks on Tuesday as the 9% advance was triggered by a partnership with Meta Platforms. Software stocks like Salesforce also staged a rebound.