SENSEX, NIFTY50 up 0.5%; JB Chemicals, Tata Motors, Capri Global, Wipro, NCC, and IRM Energy among top buzzing stocks

At 12:47 PM, the S&P BSE SENSEX was trading at 77,660.81, up 372.31 points, or 0.48%, while the NIFTY50 index ended at 23,601.10, up 114.25 points, or 0.49%.

Tata Motors slipped as much as 6.65% to ₹661.10 apiece on the NSE, while Samvardhana Motherson shares tumbled up to 7.5% to ₹124.73 apiece on the stock exchange. The NIFTY AUTO index was trading 1% lower at 21,539.70 levels.

According to news reports, India exports auto components worth $21.2 billion globally, of which exports to Mexico contribute approximately 3%, amounting to $656 million. The reports add that the primary components exported to Mexico are metallurgical products such as forgings and casting materials.

On March 19, Capri Loans Car Platform Private Limited (CLCPPL), a subsidiary of Capri Global Capital, joined hands with the Confederation of Indian Industry (CII) to drive skill development and employment opportunities. This collaboration aims to equip young professionals with industry-specific expertise, bridging the gap between education and the job market, the company added.

Capri Global Capital is a diversified non-banking financial company (NBFC).

The company has won a £500 million, 10-year strategic deal with Phoenix Group, the UK's largest long-term savings and retirement business. The project is designed to deliver life and pension business administration for the ReAssure business and accelerate Phoenix Group’s operational transformation, the company said in a press release.

This proposed tariff could adversely affect one of India's most significant economic sectors, with potential repercussions for millions of jobs and the country’s vital foreign exchange earnings, he said.

Reddy highlighted that the United States accounts for over 31% of India's total pharmaceutical exports, with the value of Indian pharma exports to the US reaching $9 billion (approximately Rs 74,000 crores) in 2023-24, according to a report by Deccan Herald.

The company's hydrocarbon arm on Wednesday, March 26, secured an ultra-mega project worth over ₹15,000 crore from Qatar Energy LNG for the North Field Production Sustainability Offshore Compression Project.

L&T classifies contracts above ₹15,000 crore as 'ultra mega' orders. The company, in a statement to the stock exchanges, informed that this is the largest single contract ever received by L&T.

However, the stock recovered later and, when last seen, was trading nearly 0.84% lower at ₹213.15 on the BSE.