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Trendlyne Marketwatch
27 Mar 2026
Market closes lower amid uncertainty over US-Iran talks
By Trendlyne Analysis

 

Nifty 50 closed at 22,819.60 (-486.9, -2.1%), BSE Sensex closed at 73,583.22 (-1,690.2, -2.3%) while the broader Nifty 500 closed at 21,020.15 (-458.1, -2.1%). Market breadth is highly negative. Of the 2,803 stocks traded today, 345 were in the positive territory and 2,441 were negative.

Indian indices closed lower as conflicting signals on US-Iran talks and ongoing tensions unsettled investors. The Indian volatility index, Nifty VIX, rose 8.8% and closed at 26.8 points. Biocon fell after its MD and CEO, Siddharth Mittal, tendered his resignation, effective March 31.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty India Tourism and Nifty PSU Bank are among the top index losers today. According to Trendlyne’s sector dashboard, Hotels Restaurants & Tourism emerged as the worst-performing sector of the day, with a fall of 3.4%.

Asian indices closed mixed. European indices are trading lower. US index futures are trading lower, despite Donald Trump stating that the United States would give Iran until April 6 to unblock the Strait of Hormuz or face strikes on local power plants. Brent crude futures are trading higher after rising 4.8% on Thursday.

  • Relative strength index (RSI) indicates that Lodha Developers is in the oversold zone.

  • Federal Bank receives a tax refund of Rs 489.6 crore for FY15 and FY17 from the Income Tax Department, Kochi.

  • Oracle Financial Services Software surges as it signs an agreement worth approximately $100 million (around Rs 940 crore) with a US-based global bank to license software products on a perpetual basis, along with transition services and related support.

  • Jupiter Life Line Hospitals secures an 80-year land lease worth Rs 354 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) to develop a 400-bed hospital in Bandra-Kurla Complex.

  • Renewable energy players face a setback as the government may cancel 6–7 GW of unviable tenders and shift to demand-linked bidding to better align with requirements. The move follows nearly 42 GW of stranded capacity due to a lack of power purchase agreements and transmission constraints. Going forward, tenders will prioritise demand alignment and storage-linked solutions, with preference shifting away from plain solar and wind projects.

  • Aditya Birla Real Estate’s wholly owned subsidiary, Birla Estates Private (BEPL), enters the redevelopment market with its first project in the Mumbai Metropolitan Region (MMR). The project has a saleable area of 2.9 lakh sq. ft. and an estimated revenue potential of Rs 1,700 crore.

  • Hilton Metal Forging secures an interim Rs 720 crore order to supply 3.6 lakh empty artillery shells, marking its entry into the defence segment. The order, over six times its Rs 106.5 crore market cap, will be executed over 24 months, with a mutually agreed grace period if required.

  • Coal India plans to set up eight new coking coal washeries with an investment of Rs 3,300 crore to improve the quality of domestic coking coal.

  • Bombay High Court dismisses plea seeking a CBI probe against Reliance Industries and Mukesh Ambani over alleged illegal gas extraction from ONGC fields. The petition had sought an FIR alleging unlawful extraction between 2004 and 2013 through adjacent drilling in the Krishna-Godavari basin.

  • Titagarh Rail Systems secures an order worth Rs 44.4 crore to supply freight wagons to Balmer Lawrie. The deal runs for 10 years and marks its entry into wagon leasing, providing long-term revenue visibility.

  • Biocon is falling as its Managing Director (MD) and Chief Executive Officer (CEO), Siddharth Mittal, tenders his resignation, effective March 31. Shreehas Pradeep Tambe will take over as the new MD & CEO.

  • Prestige Estates Projects' joint venture (JV), Canopy Living, acquires a 16.3-acre land parcel in Chennai to develop a premium residential project with an estimated revenue potential of approximately Rs 5,000 crore.

  • Acme Solar surges after Investec initiates coverage with a ‘Buy’ rating and a target price of Rs 319. The brokerage says the company is transitioning into a Firm and Dispatchable Renewable Energy (FDRE) player with the ability to provide round-the-clock power, driven by solar-wind-storage hybrid solutions. It highlights growth visibility, with EBITDA expected to grow at a 63% CAGR over FY26–28, alongside improving returns supported by a robust project pipeline.

  • Edelweiss Infrastructure Yield Plus and its subsidiary, SEPL Energy, sell a combined 8.2% stake in Anzen India Energy Yield Plus Trust at an average price of Rs 125 per share. Prazim Trading and Investment Company acquires the stake for Rs 200 crore.

  • Cholamandalam Investment & Finance Company awards an order worth Rs 540 crore to Kalpataru Projects International to construct a corporate office building in Chennai.

  • Ola Electric is rising as it cuts prices on Gen 3 S1 X and Roadster X by up to 50%. It also offers a service guarantee with free cab rides if delays happen, easing past concerns on support.

  • Finance Ministry cuts central excise duty on petrol and diesel by Rs 10 per litre each to support oil marketing companies. The move comes amid a surge in crude oil prices due to the West Asia crisis, aiming to share the financial burden and protect consumers. The government also imposes export duties of Rs 21.5 per litre on diesel and Rs 29.5 per litre on aviation turbine fuel to ensure adequate domestic supply.

  • Rain Industries is rising as its promoter Nivee Holdings acquires 4.8 lakh shares in a bulk deal. The deal increases its stake from 2.42% earlier to 2.56%.

  • Tata Motors Passenger Vehicles is falling after reports indicate that Jaguar Land Rover (JLR) halts production for two weeks at its Solihull plant in the UK due to a supplier-related parts issue.

  • MphasiS is falling as it receives an assessment order and tax demand notice of Rs 2,286.9 crore from the Income Tax Department for FY23.

  • Delhi High Court directs Dr Reddy's Laboratories to halt sales of its diabetes drug Olymviq until Friday, citing trademark similarity with Novo Nordisk's Ozempic. The court also asks Dr Reddy's to confirm whether it is willing to drop the “Olymviq” brand name. The matter centres on alleged phonetic and visual resemblance between the two names, which could confuse patients, pharmacists, and doctors. The case focuses on brand similarity, not a patent dispute.

  • Seamec, in partnership with Supreme Hydro, secures a Rs 329.9 crore contract from Oil and Natural Gas Corporation (ONGC) to operate and maintain the Mobile Support Vessel (MSV) ‘Samudra Prabha’.

  • Aequs is rising as it signs a non-binding memorandum of understanding (MoU) with the Government of Karnataka to expand its manufacturing facilities, with an estimated investment of Rs 2,856 crore over five years.

  • Azad Engineering is rising as it signs an eight-year agreement with Mitsubishi Heavy Industries (MHI), Japan, to supply hot-section nozzle vane segments of gas turbine engines.

  • Brigade Enterprises is rising as it launches Brigade Lumina, a 4.1-acre residential development in Northwest Bengaluru with an estimated revenue potential of over Rs 700 crore.

  • Markets opened on a low note. Nifty 50 was trading at 23,041.80 (-264.7, -1.1%), BSE Sensex was trading at 74,883.79 (-389.7, -0.5%) while the broader Nifty 500 was trading at 21,199.15 (-279.1, -1.3%).

  • Market breadth is overwhelmingly negative. Of the 2,354 stocks traded today, 412 showed gains, and 1,867 showed losses.

Riding High:

Largecap and midcap gainers today include Oracle Financial Services Software Ltd. (6,947, 5.3%), Oil And Natural Gas Corporation Ltd. (281.95, 4.4%) and Adani Total Gas Ltd. (529.10, 1.6%).

Downers:

Largecap and midcap losers today include Gujarat Fluorochemicals Ltd. (3,067.90, -5.8%), Shriram Finance Ltd. (903.80, -5.5%) and One97 Communications Ltd. (1,008.80, -5.4%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included HEG Ltd. (572.30, 13.8%), Graphite India Ltd. (640.20, 7.5%) and ACME Solar Holdings Ltd. (269.41, 6.0%).

Top high volume losers on BSE were Authum Investment & Infrastructure Ltd. (485.90, -7.8%), Gabriel India Ltd. (823.10, -6.6%) and Cemindia Projects Ltd. (527.15, -6.4%).

Brigade Enterprises Ltd. (691.15, 3.0%) was trading at 101.5 times of weekly average. Maharashtra Scooters Ltd. (11,698, -4.6%) and V-Guard Industries Ltd. (316.20, -3.5%) were trading with volumes 12.5 and 10.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

2 stocks hit their 52 week highs, while 44 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Emcure Pharmaceuticals Ltd. (1,652.70, 3.7%) and Ather Energy Ltd. (796.35, 2.5%).

Stocks making new 52 weeks lows included - ACC Ltd. (1,314.40, -3.9%) and Amara Raja Energy & Mobility Ltd. (701.70, -3.2%).

9 stocks climbed above their 200 day SMA including HEG Ltd. (572.30, 13.8%) and Graphite India Ltd. (640.20, 7.5%). 26 stocks slipped below their 200 SMA including PTC Industries Ltd. (15,602, -5.1%) and Bank of Baroda (260.30, -4.6%).

 
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