Stocks to Watch: Union Bank, Tata Motors PV, Tata Capital Among 10 Companies in Focus Today

Indian Stock Market Expected to Open Sharply Lower on Monday

The Indian stock market is expected to open lower on Monday, tracking weak global cues as the US-Iran conflict escalates. According to Gift Nifty, the domestic benchmarks are likely to open with a gap-down of over 315 points from the previous close, with the index trading near the 22,825 level.

Key Trends and Developments

• Indian equities are expected to open sharply lower, reflecting a significant deterioration in global risk sentiment.
• The Nifty 50 closed above the 23,100 mark on Friday, driven by short covering.
• The Sensex climbed 325.72 points, or 0.44%, to settle at 74,532.96, while the Nifty 50 gained 112.35 points, or 0.49%, to end at 23,114.50.

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Stocks to Watch

• Union Bank of India has raised ₹3,000 crore by issuing senior, rated, listed, unsecured, redeemable, taxable, and transferable long-term bonds through a private placement.
• Tata Motors Passenger Vehicles will hike prices of its internal combustion engine (ICE) passenger vehicles effective April 1, 2026, with a weighted average price hike of 0.5% across its ICE portfolio.
• Devyani International has cleared an investment of around ₹347.3 crore in Restaurants Development, a Thailand-based operator of 274 KFC outlets.
• Tata Capital has received a reassessment order from tax authorities, resulting in a demand of ₹413.18 crore for the financial year 2017–18.
• Vedanta Group has moved the National Company Law Appellate Tribunal (NCLAT), contesting the National Company Law Tribunal (NCLT)'s approval of the Adani Group's ₹14,535 crore bid to acquire Jaiprakash Associates.
• Divi's Lab has received a draft assessment order from the Income Tax Authority, proposing additions and disallowances amounting to ₹570.51 crore to its reported income for FY2022–23.
• Tata Steel has commissioned a ₹3,200 crore project in Punjab, deploying scrap-based electric arc furnace (EAF) technology to produce low-carbon steel.
• RITES has received a Letter of Acceptance (LoA) for maintaining Indian Railways' first high-speed test track.
• Omaxe has secured Real Estate Regulatory Authority (RERA) registration certificates for two residential plotted development projects in Punjab and Uttar Pradesh.
• Ceigall India has been declared the lowest (L1) bidder for a project from the National Highways Authority of India (NHAI) valued at ₹603 crore.