Sensex Today Rallies 1,043 Points; Eternal & Trent Top Gainers

Asian markets traded higher on Tuesday, following signs of de-escalation in the US-Iran war.

US stock market ended higher on Monday after President Donald Trump said he had ordered the military to postpone strikes against Iranian power plants following "productive conversations" with Tehran.

Here's a table showing how US stocks performed on Monday:

Source: Equitymaster

At present, the BSE Sensex is trading 1,043 points higher, and the NSE Nifty is trading 329 points higher.

Eternal, Trent, and Asian Paints are among the top gainers today.

Power Grid Corp, on the other hand, is among the top losers today.

The BSE 150 Midcap index is trading 1.5% higher, and the BSE 250 Smallcap index is trading 1.1% higher.

Sectoral indices are trading positively today, with stocks in the auto sector and the banking sector witnessing buying.

The rupee is trading at Rs 93.5 against the US dollar.

Coal India Approves SECL Listing Divestment

Coal India Limited (CIL) had, through a circular resolution dated 23 December 2025, granted in-principle approval for the proposed listing of South Eastern Coalfields Limited (SECL), which was also communicated to the stock exchanges on the same date.

Further, in its Board meeting held on 23 March 2026, CIL approved, in principle, the divestment of up to 25% of its stake in SECL through an Offer for Sale (OFS). Along with this, SECL may also issue fresh equity shares amounting to up to 10% of its post-issue paid-up equity capital. The divestment and share issuance may be carried out in one or more tranches via an Initial Public Offering (IPO) and/or other permitted routes in the domestic market, in line with applicable SEBI regulations and securities laws.

These approvals will be communicated to the Ministry of Coal for onward submission to DIPAM. The proposed listing of SECL will proceed only after receiving the necessary regulatory approvals and completing all required formalities and will also depend on prevailing market conditions.

IRFC Signs Major Refinancing Deal with HURL

Indian Railway Finance Corporation Limited (IRFC), a Navratna CPSE under the Ministry of Railways, has entered into a major Rupee Term Loan agreement with Hindustan Urvarak and Rasayan Limited (HURL) to refinance its existing long-term debt of up to approximately Rs 128.4 billion (bn).

This refinancing is one of IRFC's significant initiatives under its strategic direction (IRFC 2.0) and follows a whole-of-government approach. The arrangement is expected to provide HURL with more favourable financing terms and a repayment structure aligned with its cash flows. This should improve financial flexibility, enhance debt servicing efficiency, and allow the company to focus more on operations and future growth.

The project is also closely linked with the railway ecosystem. HURL's plants are well connected through railway infrastructure, and the transportation of fertilizers is coordinated with Indian Railways. The company has also put systems in place to ensure smooth handling of rail freight payments, reflecting its integration with the rail network.

Wipro Expands South Korea Operations and Innovation

Wipro Limited has expanded its operations in South Korea, strengthening its presence in a key growth market. The company has increased its office space in Seoul, launched an Innovation Lab under its Wipro Innovation Network, and is investing in local talent to support clients in the region.

South Korea is an important global hub for industries such as semiconductors, automotive, and advanced manufacturing. Wipro's expansion aims to meet the growing demand for AI-led digital transformation among Korean enterprises.

The Seoul Innovation Lab will focus on collaboration with clients, innovation, and development of solutions in areas like smart manufacturing, supply chains, and AI-driven operations. With this move, Wipro continues to enhance its global delivery capabilities while strengthening its local presence in Asia.