Stocks to Watch Today: Airline Stocks, Hindalco, IRFC, Netweb, Zaggle Among Key Market Movers

Market Update: Domestic Equities to Begin Friday on Weaker Note

Domestic equities, as represented by the Sensex and the Nifty 50, are expected to start the day on a weaker footing, influenced by subdued signals from global markets. In the Asian region, equities are trading mixed, while US markets closed with a majority of stocks in the red overnight due to renewed selling pressure in the technology sector.

Indian equities experienced a volatile trading session on Thursday, resulting in a mixed close. The Sensex declined by 27.46 points, or 0.03%, to settle at 82,248.61, while the Nifty 50 edged up by 14.05 points, or 0.06%, to close at 25,496.55.

Stocks to Watch

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Airline Stocks

• Indigo and SpiceJet are likely to be in focus today, following the Directorate General of Civil Aviation (DGCA)'s update to its refund regulations. Under the revised Civil Aviation Requirements (CAR), airlines are prohibited from charging extra fees for correcting passenger names within 24 hours of booking.
• The revised regulations also allow passengers to cancel or make changes to their tickets within 48 hours of booking without incurring additional fees, subject to certain conditions.

Other Key Developments

• Hindalco: The Aditya Birla Group's metals business is affected by the ongoing review by the Committee on Foreign Investment in the United States (CFIUS) regarding its proposed acquisition of AluChem Companies, Inc., due to a partial shutdown of the US federal government.
• Indian Railway Finance Corporation Ltd (IRFC): The board is scheduled to meet on March 9 to consider declaring a second interim dividend for FY26 and review the company's market borrowing programme for FY27.
• Netweb Technologies India: The company has partnered with Vertiv to jointly design and validate its indigenously developed GPU compute platforms, which will be integrated with Vertiv's comprehensive AI data centre infrastructure solutions.
• Zaggle Prepaid Ocean Services: The company has signed agreements with Chennai Super Kings Cricket, Superking Ventures, and Saurashtra Cement to provide its Corporate Expense Cards and employee expense management solutions.
• Brigade Enterprises: The real estate developer has formed a strategic alliance with Primus Senior Living to build three senior living communities across Bengaluru and other parts of South India, with a combined gross development value of ₹750 crore.
• Gujarat Mineral Development Corporation (GMDC): The company has signed a Memorandum of Understanding with NTPC to explore opportunities in coal and lignite gasification and related downstream applications.
• Jio Financial Services: The company has infused ₹1,999 crore into its subsidiary, Jio Credit Ltd (JCL), at a price of ₹585 per equity share to support JCL's business expansion and operational requirements.
• Capacite Infraprojects: The infrastructure firm has received a letter of intent worth ₹537 crore from TenX Realty, a division of Raymond, for a project in Thane.
• RailTel Corporation of India: The Navratna public sector company has secured an order valued at ₹17 crore from IIT Delhi for laying optical fibre cable infrastructure.

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