Market Focus: NSE, Power Grid, Torrent Power and Nine Other Stocks Under Scrutiny

Indian Stock Market Outlook

Tuesday, March 10, 2026

The Indian stock market is expected to open higher on Tuesday, driven by positive global market cues following Donald Trump's indication that the US-Iran conflict may be approaching an end. This development has led to a decline in crude oil prices and the US dollar, restoring risk appetite across global markets.

Market Performance

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The Sensex and Nifty 50, the Indian stock market benchmark indices, are expected to open higher, supported by improving global cues. The Sensex plunged 1,352.74 points, or 1.71%, to close at 77,566.16 on Monday, while the Nifty 50 declined 422.40 points, or 1.73%, to settle at 24,028.05.

Stocks to Watch

Several stocks are likely to remain in focus on Tuesday, including:

• Adani Power, Cochin Shipyard, Hyundai Motor India, Motilal Oswal Financial Services, Nippon Life India Asset Management, and Vishal Mega Mart, which will be included in the futures and options (F&O) segment starting April 1, 2026.
• Power Grid Corporation of India, which has approved raising up to ₹5,000 crore through an unsecured rupee term loan or line of credit from Union Bank of India.
• Torrent Power, which has issued and allotted 2 lakh secured, rated, listed, taxable, non-cumulative, redeemable non-convertible debentures (NCDs) amounting to ₹2,000 crore through a private placement.
• Bajaj Finserv, which disclosed premium collections for its insurance businesses, with Bajaj Allianz General Insurance reporting gross direct premium underwritten of ₹1,094.04 crore in February 2026.
• Reliance Industries, which has completed the acquisition of the 'Pahadi Local' brand along with its business operations from Pahadi Goodness.
• IdeaForge, which has launched a specialized drone flight-test training programme for NATO military personnel at the National Test Pilot School (NTPS) in the United States.
• Dixon Technologies, which has secured approval from the Ministry of Electronics and Information Technology under Press Note 3 (2020) for its proposed joint venture with HKC Overseas Ltd.
• Hinduja Global Solutions, which has entered into a memorandum of understanding (MoU) with the Uttar Pradesh State Transformation Commission to enhance digital connectivity across Uttar Pradesh under Project GANG.
• NTPC Green, which has commissioned its 250-MW solar photovoltaic project in Andhra Pradesh.
• Akzo Nobel India, which has received a draft assessment order from the assessing officer of the Income Tax Department, proposing additions of ₹111.63 crore to its income under corporate tax and transfer pricing provisions for the assessment year 2023–24.

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