India-US trade deal on hold, Reliance's $3 billion green ammonia deal, & more - Groww Digest

Mar 17, 2026

Markets opened slightly below yesterday’s closing point.

All sectorsʼ stocks rose today except for the IT stocks and FMCG stocks. Metal stocks and auto stocks rose the most.

Global markets: US markets and most Asian markets rose. European markets rose (as of 6 pm IST).

News

The signing of the India-US trade deal will be put on hold until a new tariff structure between the two countries is finalised.

Reliance: signed a $3 billion binding long-term supply and purchase agreement (SPA) with Samsung C&T Corp (South Korea) for the supply of green ammonia over a 15-year period beginning from the second half of FY2029.
PFC: board approved Rs 1.6 lakh crore borrowing plan for FY27 and declared Rs 3.25 per share interim dividend with 23 March as the record date.
Bharat Electronics: received orders worth Rs 1,011 crore including communication equipment, radar warning and jamming system, fire control system, etc.
Maruti Suzuki: got a Rs 5,786 crore tax demand draft from income tax authorities for FY23 and the company will challenge it.
Varun Beverages: subsidiary Bevco will acquire 100% stake in South Africa’s Crickley Dairy for around Rs 131 crore to expand into dairy and juice products.
Lupin and Zydus Lifesciences: partnered to co-market semaglutide injection in India to expand diabetes and weight-loss treatment.
Samvardhana Motherson: completed acquisition of 100% stake in Yutaka Autoparts India, making it a wholly owned subsidiary.
Waaree Energies: completed a $30 million investment in United Solar Holding Inc (an advanced polysilicon producer in Oman).

Benchmark Index

It is a group of stocks that represents the performance of the overall market or a specific sector

Investors use it as a reference point to compare how their investments are performing.

If the returns are higher than the benchmark, the investment has outperformed the market and if lower, the market has done better.

Example: Nifty 50 is a benchmark index for the Indian stock market. Nifty Bank is a benchmark index for the banking sector.

Theme: AI terms for investors
Day 1: Monday

Another concept we have to understand is of tokens. It is the currency of the modern LLM chatbots.

To understand easily, think about asking a question to ChatGPT or Gemini.

Each word is treated as a token. Larger words may be broken up into two or more chunks making each chunk a token.

Similarly, the output received from an LLM chatbot is also in the form of tokens that get organised into words and sentences.

The total number of tokens used per question is the input questions + the output answer.

Almost all LLM products use a token system where they charge a certain amount for a fixed number of tokens.

Example: 1 million tokens for $5.

The price of these token packs differ based on the models being used. More advanced models tend to be priced higher.

Q. “Why IT stocks are falling rapidly in last 1 months what is the main reason, is this re-settle again”

The most common reason behind the fall of IT stocks in recent times has been AI-led developments.

Many AI advances in recent times have challenged the business models of these IT companies.

Hence, many investors feel bearish about the sector.

This does not automatically mean that IT stocks will not perform well in the future.

There have been many earlier times when new innovation has threatened the IT sector’s business models.

In the past, many IT companies were able to evolve and adapt.

It remains to be seen if they do something similar this time as well.

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