Market Impact of US Tariffs Expected Today. Keep an eye on Infosys, NBCC, Wipro, Bharat Forge, and Vedanta, among other stocks. Key news related to company deals, investments, and government contracts.
Stocks to Watch, March 27: US President Donald Trump has announced a 25 percent tariff on all non-US-made cars starting April 2nd. This decision has led to a global market downturn, and its impact may be felt on Indian stock markets.
GIFT Nifty futures were trading at 23,498.50 at 7:48 AM, down 25 points from the previous close. This suggests that the Indian market may open flat or negatively.
Stocks to Watch Today:
Infosys
Leading IT company Infosys has laid off 40-45 trainees out of the 1,200 engineers hired between October and November. The company had postponed evaluations last month and conducted evaluations for new engineers on March 18th.
NBCC
Government company NBCC has signed a Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology to launch residential and urban development projects worth ₹25,000 crore in Maharashtra.
Wipro
IT company Wipro has secured a 10-year strategic deal worth £500 million (approximately ₹5,500 crore) with Phoenix Group. This deal is among Wipro's largest since 2020.
UPL
The company will invest ₹250 crore in its three wholly-owned foreign subsidiaries: TVS Logistics Investment UK, TVS Supply Chain Solutions Private Limited, Singapore, and TVS Logistics Investment USA Inc.
Torrent Power
Torrent Power has sold shares of its 10 subsidiary companies to its wholly-owned subsidiary, Torrent Green Energy, for ₹474.26 crore.
Indian Hotels
Indian Hotels has invested $9 million in its Netherlands-based subsidiary, IHOCO BV. This investment aims to repay debt and facilitate other operational activities.
Bharat Forge
The Ministry of Defence has signed a ₹6,900 crore contract with Bharat Forge and Tata Advanced Systems for the supply of 155 mm/52 caliber advanced towed artillery gun systems and high-mobility vehicle 6x6 gun towing vehicles for the Indian Army.
BSE
BSE Limited has announced that its board will consider a proposal for issuing bonus shares on March 30th.
Vedanta
Vedanta has appointed Rajiv Kumar as the new CEO for its aluminum business. He joined Vedanta's senior management on March 26th for a three-year term.
