Gujarat Gas issues force majeure notices as Middle East war disrupts R-LNG supply

Shares of Gujarat Gas Ltd ended at ₹418.60, up by ₹20.15, or 5.06%, on the BSE.

Shares of Gujarat Gas Ltd ended at ₹418.60, up by ₹20.15, or 5.06%, on the BSE.

The Institute for Supply Management’s services index rose 2.3 points to 56.1, the group said on Wednesday (March 4). Readings above 50 indicate expansion, and the figure exceeded all projections in a Bloomberg survey of economists.

Although the Nifty staged a mid-session rebound of nearly 200 points to touch an intraday high of 24,599, the recovery lacked follow-through. Renewed selling in the final hour dragged the index to a close at 24,481, down 385 points for…

Shares of Ramky Infrastructure Ltd ended at ₹430.00, down by ₹15.15, or 3.40%, on the BSE.

Moneyview, backed by Accel, Tiger Global, and Apis Partners, filed its DRHP with SEBI for an IPO, including ₹1,500 crore in fresh equity and an OFS of 13.6 crore shares.

US markets opened higher Wednesday. The Dow rose 180 points, S&P 500 gained 0.3%, and Nasdaq advanced 0.5%. Oil prices eased after Scott Bessent’s comments on crude flow.

HDFC Mutual Fund sold a 2% stake in Sundram Fasteners for ₹358 crore through bulk deals on NSE and BSE; the stock hit a 52-week low on Wednesday.

ICRA Ltd upgraded Vodafone Idea Ltd’s credit rating to ‘BBB’ from ‘BBB-’ and revised the outlook to ‘positive’ due to regulatory clarity on AGR dues and promoter support.

Cyient Limited announced NCLT Bengaluru ordered liquidation of Infotech HAL Limited, a joint venture with HAL. Cyient reported mixed Q3 results with a 28% net profit drop.

Shares of Bharat Forge Ltd ended at ₹1,841.70, down by ₹38.55, or 2.05%, on the BSE.