After opening the day marginally lower, Indian share markets continued the downtrend as the session progressed and ended the day lower.Equity markets were trading on a tepid note Tuesday amid a largely muted trend in Asia.At the closing bell, the BSE Sensex stood lower by 361 points (down 0.5%).Meanwhile, the NSE Nifty closed lower by 76 points (down 0.3%).Hindalco, Adani Ports, and NTPC were among the top gainers today.Wipro, HDFC Bank, and Eicher Motors on the other hand, were among the top losers today.The GIFT Nifty ended at 22,087 up by 34 points.Broader markets ended the day mixed. The BSE Mid Cap ended 0.7% higher and the BSE Small Cap index ended 0.2% lower.Sectoral indices are trading mixed, with stocks in the realty sector and capital goods sector witnessing buying. Meanwhile, stocks in the IT sector and telecom sector witnessed selling pressure.Shares of Bosch, Crisil, and Thermax hit their respective 52-week highs today.The rupee is trading at 83.28 against the US$.Gold prices for the latest contract on MCX are trading 0.3% higher at Rs 66,247 per 10 grams.Meanwhile, silver prices are trading 0.2% higher at Rs 75,058 per 1 kg.
 Why Adani Power Share Price is FallingIn news from the power sector, shares of Adani Power edged lower on 26 March after the company announced the disclosure of a new litigation matter.The Maharashtra State Electricity Distribution Company (MSEDCL) has filed a petition with the Maharashtra Electricity Regulatory Commission (MERC) about how to calculate domestic coal transportation costs.Adani Power is likely to be among the biggest beneficiaries of the semi-annual rejig of NSE Nifty indices, which will take place later this week on 28 March, with adjustments on 27 March. The stock may attract inflows of around US$ 45 million (m), the highest due to the NSE rejig.Earlier in March, the Committee of Creditors of Lanco Amarkantak Power Limited approved the resolution plan submitted by Adani Power. In this regard, Adani Power received a Letter of Intent from Lanco Amarkantak’s resolution professional approving the company’s resolution plan on 4 March 2024.

Why RailTel Corporation Share Price is Rising
Moving on to news from the railway sector, RailTel Corporation of India’s share price gained 2% in the opening trade on 26 March after the company bagged a work order worth Rs 363.5 million (m).The said contract is to be executed by 19 July 2024.The company received the work order from the State Project Director (Spd) Bihar Education Project Council (Bepc) for the supply of Student Kits (Teaching Learning Material) for Class VI to XII under a rate contract arrangement, amounting to Rs 99,01,95,806 and order amounting to Rs 1.3 bn for the supply of teaching and learning material for Class I to V.The company also bagged a work order from the Municipal Corporation of Greater Mumbai for the supply, installation, testing, commissioning, operations, and maintenance of HMIS for the Health Department of BMC, amounting to Rs 351,95,23,654.It also won a work order from the Odisha Computer Application Centre amounting to Rs 1.1 bn for the establishment of an IP-MPLS Network Connectivity in Odisha under OdishaNet Phase 1.
 Ambuja Cement Offloads 2% Stake in Sanghi IndustriesMoving on to news from the cement sector, on 26 March, shares of Adani Group-owned Ambuja Cements were trading in the green after it sold 5.2 m equity shares of Sanghi Industries, which represents around 2% of the paid-up equity of the firm.The stake was offloaded by Ambuja Cements through open market transactions to comply with the minimum public shareholding norms.With this, Ambuja Cement’s shareholding in the company came down to 60.4%, from 62.4% earlier.Last August, Ambuja Cements purchased a 56.7% stake in the Gujarat-based cement firm for an enterprise value, totalling Rs 50 bn.Additionally, the promoter group’s remaining 5.7 m equity shares, equivalent to 2.2% of the company, were bought in a separate transaction.Further, Ambuja Cements decided to acquire an additional 26% stake through an open offer. In December 2023, Ambuja Cements announced the completion of the acquisition of Sanghi Industries at a revised offer price of Rs 121.9 per share from Rs 114.2.On 21 February, Ambuja Cements said it plans to invest Rs 10 bn to set up a cement grinding unit in Godda district of Jharkhand. The new 4 Million Tonne Per Annum (MTPA) cement grinding unit will be set up after requisite approvals.More By This Author:Sensex Today Trades Lower; Nifty Below 22,100 Sensex Today Ends 190 Points Higher; Auto Stocks ShineSensex Today Trades Lower; IT Stocks Drag