The Indian equity benchmark indices are expected to open on a firm note Thursday, with GIFT NIFTY trading near the 24,725 mark, reflecting a premium of about 140 points over the previous close. According to Live Mint, this positive opening follows gains across global markets amid the ongoing US-Iran conflict. However, markets ended significantly lower on Wednesday, with the Sensex plunging 1,122.66 points (1.40%) to settle at 79,116.19 and the Nifty 50 dropping 385.20 points (1.55%) to close at 24,480.50, slipping below the 24,500 level amid jitters surrounding the US-Iran conflict.
MRF has announced a ₹5,300 crore investment to build a greenfield tyre and allied products manufacturing facility in Tamil Nadu. According to Live Mint, the company signed a Memorandum of Understanding (MoU) with the Tamil Nadu government on Wednesday, pledging to invest over the next 12 years to establish a new tyre manufacturing facility in the state. Meanwhile, Godrej Properties has acquired an 11.36-acre land parcel in Gurugram for approximately ₹1,000 crore, planning to launch a residential project expected to generate over ₹4,500 crore in revenue.
DLF faces regulatory scrutiny as the Supreme Court has ordered a CBI probe into alleged irregularities in DLF's Primus Garden City project in Gurugram. As reported by Live Mint, the investigation will examine issues related to possession delays and discrepancies in promised amenities. SBI Life Insurance received positive news as the Income Tax Department revised its FY22 tax demand down to ₹470.88 crore from ₹5,317.18 crore, following a rectification order. Polycab India faces a ₹327.5 crore income tax demand for AY 2024-25, with the company initiating rectification proceedings and planning to file a formal appeal.
MRPL has declared force majeure on all gasoline export cargoes for March and April, with the decision underscoring operational challenges in meeting export commitments. According to Live Mint, this move may impact export revenue visibility for the near term. Similarly, Gujarat Gas has issued force majeure notices to industrial consumers, curtailing daily contracted gas supplies from March 6, 2026, citing severely limited availability of regasified LNG (R-LNG) amid the continuing Middle East conflict. The company stated that acts of war are not covered by the insurance taken by Gujarat Gas, and the likely impact of force majeure cannot be estimated at this point of time.
Hindustan Unilever (HUL) has completed the sale of its entire stake in Nutrition Lab for ₹307 crore, as reported by Live Mint. Earlier on February 12, 2026, the company had informed stock exchanges about its plan to sell its 19.8% shareholding in the entity. As reported by Live Mint, Dev Information Technology witnessed significant bulk deals with Xduce Technologies acquiring an additional 9.09% stake for ₹11.95 crore, while promoters offloaded a 9.03% stake for ₹11.86 crore. Clean Max Enviro Energy Solutions attracted Citigroup selling 0.7% stake for ₹70.18 crore, and Kiaasa Retail saw multiple institutional investor interest.
Jio Financial Services has invested ₹147.45 crore in its joint venture Allianz Jio Reinsurance, subscribing to 14.75 crore equity shares at par value to strengthen its expanding foothold in the reinsurance space. Bajaj Auto achieved a significant milestone as KTM AG fully repaid its €450 million loan to the subsidiary, leading to the termination of the facility agreement and strengthening the company's balance sheet with improved liquidity visibility. Tata Consultancy Services (TCS) is in advanced talks to set up new AI data centres across India as part of its strategy to scale national AI infrastructure, following its OpenAI partnership for high-capacity data centres. The domestic equity market is expected to open in green on Thursday, with GIFT NIFTY futures indicating the NIFTY50 index likely to open 90 points higher.
