Swan Defence shares in 5% lower circuit as OFS opens today for non-retail investors

Promoter Hazel Infra Ltd. plans to divest a 5.01% stake through an OFS on March 18 and 19 to meet minimum public shareholding norms.

Promoter Hazel Infra Ltd. plans to divest a 5.01% stake through an OFS on March 18 and 19 to meet minimum public shareholding norms.

Net inflows into commodities fell sharply in February, dropping to ₹73,842 crore from ₹1.64 lakh crore in January. Equity inflows declined 19% to ₹42,017 crore.

The Indian rupee opened at 92.42 per US dollar on March 18, weakening by 5 paise from the previous close. Persistent pressure from higher crude oil prices and capital outflows weighed on the currency.

Based on discussions with TCS, Infosys, HCL Technologies, and Wipro ahead of the silent period, the brokerage said it found no evidence of increased pricing pressure in renewed contracts due to the latest artificial intelligence tools from Anthropic and OpenAI.

DEE Development Engineers said that the these developments are expected to have a limited bearing on DEE’s overall performance for the current period.

Powerica’s IPO will be a combination of a fresh issue of shares worth ₹700 crore, along with an Offer For Sale (OFS) component worth ₹400 crore.

Urban Company saw a large block on Tuesday, where three entities offloaded nearly 4.6% of the company’s outstanding equity.

Gold and silver prices traded narrowly on March 18 as investors awaited the US Fed’s policy decision. COMEX gold was up 0.03% to $5,009.50 an ounce, while silver fell 0.57% to $79.46 an ounce.

Having listed at a premium of 13% to its issue price of ₹740, shares of HDB Financial Services went on to make a post-listing high of ₹891, before correcting and even falling below the issue price.

Goldman Sachs expects the company to meet its management guidance of ₹27,000 crore in order inflows for FY26.