Indian stock markets extended their rally for a second straight session, with Nifty ending at 23,306.45, up 394.05 points (1.72%) and BSE Sensex reclaiming the 75,000 mark to settle at 75,273.45, rising 1,205 points (1.63%). According to reports from The Economic Times, gains in banking, auto and consumer stocks buoyed sentiment, with the markets closed on Thursday due to Shri Ram Navami holiday. The latest NAV data shows HDFC Nifty Smallcap 250 ETF trading at ₹150.38, indicating continued positive momentum in small-cap segments.
Infosys has announced a definitive agreement to acquire Stratus, a leading technology solutions provider for the property & casualty (P&C) insurance industry. This strategic move strengthens Infosys' leadership in the insurance sector and accelerates AI-powered digital and data transformation for global P&C insurance clients. Headquartered in the United States, Stratus brings a team of 450+ experts with deep industry knowledge, consulting excellence, and advanced technology capabilities. Stratus is a leading Guidewire Software partner offering transformation solutions to property and casualty (P&C) insurers, marking a significant expansion for Infosys in the insurance technology space.
State-run Chennai Petroleum Corporation announced an interim dividend of ₹8 per share for the financial year 2025-26, with the company fixing Thursday, April 2 as the record date to determine eligible shareholders. As reported by The Economic Times, the interim dividend will be paid to eligible shareholders on or before April 25, 2026. This development positions the company's stock among those in focus for today's trading session, with the stock trading at ₹3.37 in the latest NAV data.
Brigade Enterprises launched a residential project Brigade Lumina, a net-zero carbon development spread across 4.11 acres in Northwest Bengaluru on Tumkur Main Road. As reported by The Economic Times, the joint development project has an estimated revenue potential of over ₹700 crores and offers 2-3 bedroom units ranging from around 1,100 to 1,800 square feet. The company has positioned this as a significant expansion in the rapidly developing corridor, with Brigade Enterprises trading at ₹10.31 in the latest NAV data.
The Life Insurance Corporation of India informed exchanges about receiving a demand order for income tax and interest worth nearly ₹7,100 crore, comprising ₹6,147 crore as tax and ₹953 crore as interest. According to The Economic Times, the order is appealable before the Commissioner of Income Tax (Appeals), representing a significant financial development for the state-owned insurer. The latest NAV data shows LIC trading at ₹11.79, reflecting market response to this development.
Sadbhav Engineering Limited entered into a Master Restructuring Agreement (MRA) with consortium lenders for debt restructuring, executing the agreement on March 25, 2026 with IDBI Trusteeship Services Limited and six lenders including Punjab National Bank, Union Bank of India, Axis Bank Limited, Assets Enterprise Limited, Bank of India and Yes Bank. According to The Economic Times, the MRA relates to debt aggregating to ₹1,517 crores comprising fund-based exposure of ₹906.35 crore and non-fund based limits of ₹610.36 crore, with the fund-based exposure to be restructured as convertible debentures.
