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Indian Railway Finance Corporation (IRFC) said its board will meet on March 9 to consider the declaration of a second interim dividend.

Ahead of the announcement, shares of IRFC closed at ₹103.20 on the NSE, down ₹1.36 or 1.30% for the day.

Jitendra Sriram, Senior Fund Manager at Baroda BNP Paribas MF, said frontline IT names are currently offering dividend yields of 3.5–4.5%, which provides valuation support. He noted that large deal wins have picked up and, after a weak FY26, the sector could deliver low double-digit earnings growth in FY27, aided by favourable base effects.

However, he cautioned that the key question is valuation multiples amid potential AI-led disruption. Developments around AI tools that can compress implementation timelines may challenge traditional time-and-material contracts. At this stage, the fund house remains mildly underweight on IT, though he added that much of the risk appears to be getting priced in and the companies remain fundamentally strong.

The Indian rupee ended marginally higher at 90.91 per dollar on Thursday, compared with its previous close of 90.95, amid a largely range-bound trading session.

Indian benchmark indices ended largely unchanged in a volatile session on February 26, with the Nifty settling around the 25,500 mark.

On the Sensex, Bharat Electronics, Adani Ports, Sun Pharma, TCS and Maruti Suzuki were among the key gainers. On the flip side, Power Grid Corporation, Trent, Asian Paints, NTPC and Eternal weighed on the index.

Sectorally, auto, pharma and telecom stocks gained around 0.4% each, while FMCG, media, power and realty indices declined between 0.3% and 0.7%. The Nifty Midcap index outperformed with a 0.6% rise, while the smallcap index ended flat, reflecting selective buying despite broader volatility.

HCLTech has signed a memorandum of understanding with IIT Kanpur to advance deep tech innovation aimed at strengthening global capability centres (GCCs).

As of 3:27 PM, shares of HCL Technologies Ltd were trading at ₹1,372.30 on the NSE, down ₹5.90 or 0.43% for the day.

The NSE CEO has indicated that derivatives trading activity may see a further decline following the tax changes coming into effect in April, according to Bloomberg.

He added that regulatory measures aimed at curbing excessive speculation in the futures and options (F&O) segment will continue, signalling no near-term rollback of tighter norms.

The PNGS Reva Diamond Jewellery IPO was subscribed 1.18 times as of 3:09 PM on Day 3 of bidding.

The Qualified Institutional Buyers (QIB) portion was subscribed 1.04 times, while the Non-Institutional Investor (NII) category saw 1.46 times subscription. The retail segment was booked 1.13 times, and the employee reserved portion witnessed strong interest at 6.34 times.

Quality Power Electrical Equipments Ltd has secured multiple purchase orders worth ₹146 crore for supply of HVDC reactors.

Following the order wins, the stock touched an intraday high of ₹910. As of 3:16 PM, shares were trading at ₹900 on the NSE, up ₹0.55 or 0.06%, reflecting a muted but positive reaction to the fresh inflow.

Shares of Dynacons Systems & Solutions climbed over 3% after the company secured a ₹108.88 crore contract from Punjab & Sind Bank for deployment of a private cloud infrastructure.

The project will incorporate technologies from global OEMs including Dell, VMware, Red Hat and Microsoft, strengthening the bank’s core technology backbone while boosting Dynacons’ order book visibility. here 

Motilal Oswal Alternates (MO Alts), the alternative investment arm of Motilal Oswal Financial Services, has announced the first close of its maiden private credit fund, India Credit Excellence Fund – I, at ₹1,700 crore. The fund’s sponsor and its affiliates have committed ₹200 crore as part of the initial close. here.

Markets at 3:00 PM: Benchmark indices were trading largely unchanged in afternoon trade, with the Sensex up 9.26 points, or 0.01%, at 82,285.33, and the Nifty rising 18.95 points, or 0.07%, to 25,501.45.

Market breadth was slightly negative, as 1,896 shares advanced, 1,926 declined and 138 remained unchanged on the BSE, indicating a lack of clear directional momentum despite the indices holding steady.

Defence stocks extended gains for a second straight session on Thursday, February 26, with the Nifty Defence India index rising 1.52% amid heightened investor interest ahead of the proposed India–Israel defence deal.

Data Patterns led the rally, climbing 7%, followed by Astra Microwave Products jumping over 4%. Unimech Aerospace and Manufacturing and Solar Industries were also trading around 3% higher, reflecting sustained buying momentum across the pack.

Rail Vikas Nigam Ltd (RVNL) has secured multiple orders worth ₹1,978 crore from NMDC. Following the announcement, the stock hit an intraday high of ₹321, rising over 1% on the NSE as of 2:50 PM, reacting positively to the fresh order inflow.

Angel One shares traded ex-split on Friday, quoting at ₹244.80, down ₹4.32 or 1.73%. The stock touched an intraday high of ₹255 and a low of ₹241.50.

Volumes spiked sharply to 6,38,790 shares, compared with the five-day average of 33,853 shares — a jump of 1,786.96%, indicating heightened trading activity post the split adjustment.Gold traded firm on MCX, with April futures hovering around ₹1.60–1.62 lakh per 10 grams, supported by safe-haven demand amid global uncertainty. Despite intermittent profit-taking near record levels, the broader bias remains positive, said Gaurav Garg of Lemonn Markets Desk.Silver saw mild consolidation after recent sharp gains, with MCX prices near ₹2.80–2.85 lakh per kg. The pause reflects profit-booking rather than a reversal, with industrial demand continuing to lend structural support.

KNR Constructions’ wholly owned arm has signed a concession agreement with Tamil Nadu State Highways Authority for a four-lane elevated corridor on East Coast Road under the Hybrid Annuity Mode. here

The shares of IRFC declined, falling from the day’s high. This comes after the Govt said it will not exercise the greenshoe option to offload another 2% stake – stock near 52w Low

TVS Motor Company stated on Thursday that it is re-entering the South African market through a relationship with The Nexus Collective, a distributorship supported by the biggest car distributor in the nation, Bidvest Group Limited.

March 2026 brings with it a broad list of bank holidays, including Holi, Eid, regional New Year celebrations, and Mahavir Jayanti. Clients who intend to make in-branch purchases might want to verify local schedules beforehand.

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On Thursday, February 26, shares of Urban Company Ltd. are trading lower for the sixth consecutive session. The stock has returned to its IPO price of 103 after plummeting from its post-listing peak.

The shares of Dynacons Systems surged by over 2% after the company won a cloud infrastructure order.

Bags Order Worth ₹109 Cr From Punjab & Sind Bk For Mgmt Of On-premises Pvt Cloud Infra

Dipan Mehta, Director, Elixir Equities

On Info Edge

Starting on April 1, KFin Technologies will reorganise mutual fund distributor broking payouts by removing TER from GST. In order to receive GST amounts, distributors that are registered for GST must remit tax.

Arm Executes HAM Concession Pact for ECR Four-lane Elevated Corridor In Tamil Nadu

Sneha Seth, Derivatives Research Analyst, Angel One

The shares of the government-owned IRCTC slumped to the 52-week low mark in today’s session.

US Ambassador To India Sergio Gor Posts On X About Meeting Between Piyush Goyal & Howard Lutnick

The shares of AWL Agri Business fell to a record low.

Diamond Power bags EPC order worth ₹93 cr from KPI Green for supply of power cables

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