• Money flow index (MFI) indicates that stocks like Oracle Financial Services, Bajaj Auto, MRF, and Tata Communications are in the oversold zone.

• Biocon is rising as its subsidiary, Biocon Pharma, receives approval from the US FDA for lenalidomide capsules and dasatinib tablets. The former is used for different types of lymphoma, while the latter is used to treat leukaemia in adults.

• NAVA surges as its Rs 360 crore buyback of 72 lakh equity shares at Rs 500 per share opens on March 6 and closes on March 12.

• Adani Enterprises rises sharply as 84.5 lakh shares, worth Rs 1,832 crore, reportedly change hands in a block deal at an average price of Rs 2,168.1 per share.

• According to an SBI report, RBI may need to cut the cash reserve ratio (CRR) to ease liquidity pressures in the banking sector. The report notes that with unchanged government securities (G-secs) holdings in FY26, the open market operations (OMO) gap will likely remain around Rs 1.7 trillion, indicating a need for ongoing liquidity measures.

  RBI will have to cut CRR to ease banking liquidity; Mahakumbh leads to significant cash withdrawals: SBI Reporthttps://t.co/8xKdFCgJng

  — Economic Times (@EconomicTimes) March 5, 2025

• Spicejet rises sharply as Plutus Wealth Management LLP acquires 90 lakh shares via a bulk deal at an average price of Rs 46 per share.

• BNP Geojit Paribas downgrades Coal India to a 'Hold' call from 'Buy' with a lower target price of Rs 393 per share. This indicates a potential upside of 7.7%. The brokerage believes the company's efforts to expand operations, including exploring coal gasification projects and renewable energy, are expected to drive growth. It expects the firm's revenue to grow at a CAGR of 6% over FY25-27.

• Angel One surges as its board of directors appoints Ambarish Kenghe as its Group Chief Executive Officer (CEO), effective March 5.

• UBS upgrades Mahindra & Mahindra to a 'Buy' rating with a lower target price of Rs 3,300. The brokerage believes the 19% drop in M&M's share price over the past month, driven by EV-related news and Tesla's potential entry into the Indian market, is an "overreaction." It expects M&M's volumes to grow by 9% in FY26, fueled by strong demand for its SUVs and the launch of its electric vehicles. The SUV segment is also likely to see high-single-digit volume growth.

  M&M shares are top Nifty 50 gainers; UBS upgrades saying #Tesla entry not a threathttps://t.co/Lx25Xt7mI1@hormaz_fatakia @sudarshankr

  — CNBC-TV18 (@CNBCTV18Live) March 5, 2025

• Power Grid Corp rises sharply as it secures three inter-state power transmission projects under a tariff-based competitive bidding process. The projects will be developed under the build, own, operate, and transfer (BOOT) model, expanding transmission capacity across Rajasthan, Madhya Pradesh, Gujarat, Andhra Pradesh, and Karnataka.

• Oil & Natural Gas Corp is rising as its subsidiary, ONGC Green, acquires PTC Energy from PTC India for a total consideration of Rs 925 crore as part of its plans to achieve a 10 GW renewable energy portfolio for ONGC by 2030. The acquisition will give ONGC access to PTC's operational wind generation capacity of 288.8 MW, located in Andhra Pradesh, Madhya Pradesh, and Karnataka.

• KEC International is rising as it receives an income tax refund of Rs 177 crore from the Income Tax Department.

• Indian oil companies like BPCL and HPCL are rising as OPEC+ decides to gradually roll back the 2.2mbpd voluntary production cut, which has been in place since November 2023. The rollback will begin in April 2025 and continue through September-December 2026. As a result, Brent oil futures hit the $70 per barrel mark. Emkay Global sees Brent prices falling to $60 per barrel but believes the $70-75 per barrel range is more likely than $75-80 earlier.

  #MarketToday | BPCL, HPCL, IOC, ONGC, GAIL shares: Brent oil at $70 a barrel; here's how it will impact oil & gas sector https://t.co/hQv48ikUne

  — Business Today (@business_today) March 5, 2025

• Star Cement is rising as it emerges as the preferred bidder for the North Boro Hundong Limestone Block (Part-A) at an e-auction held by the Assam Government. The block has an area of 200 hectares and an estimated limestone resource of 192.4 million tonnes.

• JSW Energy rises sharply as it secures approval from the Competition Commission of India (CCI) to acquire KSK Mahanadi Power for nearly Rs 16,000 crore. This acquisition will enhance the company's generation capacity and strengthen its push toward renewable energy expansion.

• Adani Wilmar is rising as it signs an agreement to acquire GD Foods Manufacturing (India), the owner of the Tops brand. The acquisition will occur in multiple tranches, with 80% of shares acquired in the first tranche and the remaining 20% over the next three years. This expands Adani Wilmar’s food portfolio to meet Indian kitchen needs.

• India's Services PMI increases to 59 in February, up from 56.5 in January, staying well above the 50-mark. The increase signals strong demand, with faster growth in new business and output driven by robust international demand.

  #NewsAlert | India Feb services PMI at 59.0 vs 56.5 in Jan
  
  This is the update on Feb composite PMI ????#services #composite #manufacturing pic.twitter.com/CKWzlM4wGO

  — ET NOW (@ETNOWlive) March 5, 2025

• Apollo Hospitals Enterprise plans to invest Rs 250 crore in a comprehensive oncology centre in Hyderabad. The facility is expected to be operational by FY28 and expand proton therapy capacity, enabling treatment for 350 more patients annually.

• Welspun Specialty Solutions rises sharply as it emerges as the lowest bidder for a Rs 231.8 crore order from Bharat Heavy Electricals. The order involves the supply of 4,050 tonnes of stainless steel seamless boiler tubes for a series of super critical thermal power projects.

• Force Motors is rising as its wholesales grow 46.3% YoY to 3,600 units in February, driven by a 48.8% YoY increase in domestic wholesales. However, exports decline 16.8% YoY to 79 units.

• Ola Electric misses the deadline to begin commercial cell manufacturing at its Tamil Nadu Gigafactory, initially expected by Q1FY26. The Industrial Finance Corporation of India (IFCI) issues a letter citing "Non-achievement of Milestone -1" under the PLI scheme.

  #OlaElectric misses deadline to start commercial cell manufacturing at Gigafactory.
  
  For the latest news and updates, visit: https://t.co/by4FF5oyu4 pic.twitter.com/9ezEW98xlS

  — NDTV Profit (@NDTVProfitIndia) March 4, 2025

• Ambuja Cements is rising as it receives approval from the Competition Commission of India (CCI) to acquire a 72.8% stake in Orient Cement.

• GE Vernova T&D India is rising as it secures three orders worth approximately Rs 500 crore from Power Grid Corp of India to supply and install 765 kV class transformers and reactors of various capacities under a bulk procurement deal.

• Coforge surges as its board of directors approves the stock split of one equity share with a face value of Rs 10, fully paid up, into five equity shares of Rs 2 each. The company also bags a 13-year contract worth $ 1.6 billion (~ Rs 13,936 crore) from Sabre Corp to accelerate product delivery and launch additional AI-enabled solutions.

• Rail Vikas Nigam is rising as it receives a letter of acceptance (LoA) worth Rs 729.8 crore from Himachal Pradesh State Electricity Board (HPSEBL) to develop distribution infrastructure in Himachal Pradesh’s Central Zone under the Revamped Distribution Sector Scheme.

• Nifty 50 was trading at 22,133.55 (50.9, 0.2%) , BSE Sensex was trading at 73,139.91 (150.0, 0.2%) while the broader Nifty 500 was trading at 20,008.90 (91.1, 0.5%)

• Market breadth is highly positive. Of the 1,989 stocks traded today, 1,625 were gainers and 315 were losers.

Riding High:

Largecap and midcap gainers today include Adani Green Energy Ltd. (848.70, 10.4%), Adani Energy Solutions Ltd. (709.45, 9.7%) and Coforge Ltd. (7,814.20, 8.3%).

Downers:

Largecap and midcap losers today include Bajaj Finance Ltd. (8,298.70, -3.4%), IndusInd Bank Ltd. (971.85, -1.6%) and Voltas Ltd. (1,387.80, -1.5%).

Volume Rockets

14 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included IIFL Finance Ltd. (313.70, 10.6%), Adani Energy Solutions Ltd. (709.45, 9.7%) and Coforge Ltd. (7,814.20, 8.3%).

Top high volume losers on BSE were UTI Asset Management Company Ltd. (930.55, -1.6%) and KNR Constructions Ltd. (219.83, -0.1%).

Timken India Ltd. (2,604, 3.7%) was trading at 5.3 times of weekly average. JK Cement Ltd. (4,464.10, 1.3%) and Ceat Ltd. (2,583, 7.7%) were trading with volumes 4.6 and 4.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

1 stock overperformed with 52 week highs, while 8 stocks hit their 52 week lows.

Stock touching their year highs included - Abbott India Ltd. (31,448.10, -0.3%).

Stocks making new 52 weeks lows included - Asian Paints Ltd. (2,164.15, 1.5%) and Bajaj Auto Ltd. (7,420.30, 1.2%).

16 stocks climbed above their 200 day SMA including Hitachi Energy India Ltd. (13,191.10, 8.2%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (1,047.40, 7.3%). 5 stocks slipped below their 200 SMA including Anand Rathi Wealth Ltd. (1,895.70, -6.5%) and Medplus Health Services Ltd. (723, -0.4%).