Sensex pops 1,100 points

Nifty crossed the 23,300 mark on Wednesday as broad‑based buying lifted realty, metals and media stocks. (economictimes.indiatimes.com) Larsen & Toubro led heavyweight gains, rising about 3.8% to ₹3,650.30 in intraday trade while consumer names like Hindustan Unilever also outperformed. (economictimes.indiatimes.com) Brent crude slipped back below $100 and WTI traded near $87 after reports of a U.S. ceasefire proposal eased Middle East supply concerns, a move that helped risk appetite in Asian equity markets. (bloomberg.com) Tata Motors announced an average 0.5% price increase for its internal‑combustion passenger vehicle range effective April 1, 2026. (economictimes.indiatimes.com) Kotak’s stock activity followed reports that Sumitomo Mitsui planned to exit a 1.65% Kotak stake via block deals worth roughly ₹6,166 crore. (cnbctv18.com) Separately, the government is weighing an Offer‑for‑Sale to raise IDBI Bank’s public float after a strategic sale failed, a shift that has kept banking names under the spotlight. (moneycontrol.com) ITC has plunged roughly 25–30% over the past year and hit multi‑month lows. (indmoney.com) The sell‑off followed a December tax overhaul and higher cigarette excise/GST that analysts say will weigh on volumes and margins from fiscal 2027 onward. (spglobal.com) The semaglutide patent expired in India on March 20, 2026, prompting more than 50 branded generics and launches from major firms including Dr Reddy’s, Sun Pharma and Zydus into a market Nomura projects could expand toward about ₹12,000 crore by 2030. (business-standard.com) RITES won a ₹105.69 crore, five‑year RDSO maintenance contract, adding to an order book analysts say is roughly ₹9,262 crore with management guidance toward ≈₹10,000 crore by Q1 FY27. (angelone.in)