Sensex Today Trades Lower; Nifty Below 24,350

Photo by Jason Briscoe on Unsplash

Asian markets traded lower on Wednesday on worries a wider Mideast war could deliver an energy shock that raises inflation and delays rate cuts.

US stocks ended sharply lower on Tuesday on worries that the Middle East war could persist long enough to lift inflation.

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

Source: Equitymaster

At present, the BSE Sensex is trading 1,720 points lower, and the NSE Nifty is trading 532 points lower.

HCL Tech, Infosys, and TCS are among the top gainers today.

Tata Steel, Adani Ports, and Reliance Industries, on the other hand, are among the top losers today.

The BSE Midcap index is trading 1.5% lower, and the BSE Smallcap index is trading 2.1% lower.

Sectoral indices are trading negatively today, with stocks in the metal sector and oil & gas sector witnessing selling pressure.

The rupee is trading at Rs 92.1 against the US dollar.

MRPL Announces FY26 Interim Dividend

State-owned Mangalore Refinery and Petrochemicals Ltd (MRPL) on Tuesday announced that its board has approved an interim dividend for the financial year 2025-26.

The company declared an interim dividend of Rs 4 per fully paid-up equity share of Rs 10 each, representing 40% for FY26.

MRPL has set Wednesday, 11 March 2026, as the record date to determine shareholders eligible for the dividend. The interim dividend will be disbursed to eligible shareholders on or before 2 April 2026.

Cipla Updates on Biologics JV Plans

Cipla's share price will be in focus on 4 March 2026 after the company announced plans to form a joint venture (JV) in India with biologics CDMO Kemwell Biopharma.

According to a press release, Cipla has signed an agreement with Kemwell Biopharma to set up a JV company in India.

The new company will be a 60:40 joint venture, with Cipla holding 60% and Kemwell 40%. Both partners will initially invest up to Rs 0.1 billion (bn) in the JV. Cipla will subscribe to 6,000 shares of Rs 10 each, totaling Rs 60,000 at the time of incorporation.

The JV will focus on developing, licensing, manufacturing, and selling biologic products. It will also handle import, export, and outsourcing of these activities.

Dynamatic Partners Hutchinson for Aerospace Collaboration

Dynamatic Technologies Limited has partnered with Hutchinson to tap into India's fast-growing aerospace market. On March 3, 2026, the companies signed a Memorandum of Agreement (MoA) to combine their expertise and serve global Original Equipment Manufacturers (OEMs) in the region.

The collaboration brings together Hutchinson's knowledge in advanced composite and multi-material systems with Dynamatic Technologies' strength in metallic aero-structures and assemblies. The goal is to make both companies key partners for global aerospace OEMs looking for manufacturing solutions in India.

This partnership uses Dynamatic's industrial capabilities for complex metallic structures alongside Hutchinson's materials and systems expertise. It will support aircraft program growth, meet India's expanding aerospace demands, and prepare for next-generation aircraft needs.

As part of the collaboration, both companies have agreed to immediate business exchanges. Dynamatic will give Hutchinson its first composite parts work package, while Hutchinson will award Dynamatic a multi-year contract for metallic parts. These initial agreements lay a strong foundation for the partnership.