TCS Bets Big on Offices
- 12th March 2025
Aaj Ka Bazaar
U.S. benchmarks extended their losses from the previous session as concerns over tariffs continued to weigh on market sentiment. While initial optimism stemmed from Ukraine’s acceptance of a ceasefire, it was quickly overshadowed by the announcement of new tariffs on steel and aluminum imports from Canada. With this recent decline, the S&P 500 is nearing correction territory from its February high. The JOLTS job openings report revealed an increase to 7.74 million in January, up from 7.508 million in December. A rise in job openings could indicate lower unemployment, potentially boosting wage growth and consumer spending. This upward trend in spending may contribute to demand-driven inflation, reinforcing a more hawkish monetary stance by the Federal Reserve. Meanwhile, market liquidity remains a concern, as evidenced by the steady decline in open interest in U.S. Treasury futures. Despite the weak sentiment in U.S. markets, global indices remain largely unaffected. The Nikkei is trading modestly higher, supported by gains in Auto and Financial stocks. European markets are also in positive territory, bolstered by optimism surrounding the Russia-Ukraine situation. The Hang Seng experienced a volatile session initially surging due to strong performance from Auto OEMs but failing to sustain its momentum. On the domestic front, Indian equities are poised for a positive opening, as indicated by GIFT Nifty. Optimism among regional peers is expected to contribute to the upbeat start.
Markets Around Us
BSE Sensex – 74,315.48 (0.29%)
Nifty 50 – 22,495.65 (0.16%)
Bank Nifty – 47,858.75 (-0.74%)
Dow Jones – 41,516.91 (0.21%)
Nasdaq – 17,436.12 (-0.18%)
FTSE – 8,495.99 (-1.23%)
Nikkei 225 – 36,807.32 (0.03%)
Hang Seng – 23,641.37 (-0.59%)
Sector: Software-Consulting
TCS Acquires Darshita Homes for ₹2,250 Cr
TCS has announced that it will acquire 100% of Darshita Southern India Happy Homes for ₹2,250 crore. This deal includes the land and building of the commercial real estate firm, which TCS plans to turn into a new delivery centre in Bengaluru. The acquisition is being done through a special purpose vehicle (SPV), allowing TCS to purchase part of the real estate now and exercise a call option to acquire full ownership after two years. Darshita Southern India Happy Homes, established in 2004, is still developing the property and has not generated revenue in the past three years. This move aligns with the IT sector’s trend of expanding physical offices, with companies like HCLTech also opening new centres. Despite AI-driven automation slowing hiring, IT firms continue investing in infrastructure to support future growth. This expansion signals a shift back to office spaces and closer collaboration with clients post-pandemic.
Why it Matters:
This acquisition matters because it signals a shift back to physical offices, with IT firms expanding their delivery centres post-pandemic. The ₹2,250 crore investment reflects TCS’s long-term growth strategy, securing prime real estate in Bengaluru for future expansion. Despite AI-driven automation, IT companies continue investing in infrastructure, showing confidence in sustained demand for skilled talent and closer client collaboration.
NIFTY 50 GAINERS
TATAMOTORS– 666.00 (2.77%)
HDFCBANK – 1710.65 (1.49%)
POWERGRID – 270.80 (1.31%)
NIFTY 50 LOSERS
INFY – 1601.50 (-3.62%)
WIPRO – 270.75 (-2.52%)
HCLTECH – 1543.20 (-1.57%)
Sector: Pharmaceuticals
Zydus Life Acquires 85.6% of Amplitude Surgical
Zydus Lifesciences has approved the acquisition of an 85.6% stake in France-based Amplitude Surgical for €256.8 million at €6.25 per share. If conditions are met, Zydus plans to acquire the remaining shares and delist Amplitude from Euronext Paris, securing full ownership. Amplitude, founded in 1997, specializes in high-quality lower-limb orthopedic products and has a strong presence in France, Brazil, Australia, Germany, and other global markets. The company reported €106 million in revenue as of June 2024, showing consistent growth over the years. This acquisition strengthens Zydus’ MedTech ambitions by expanding its presence in the orthopedic sector and leveraging Amplitude’s advanced product development and global distribution network. With this move, Zydus aims to diversify its portfolio, enhance manufacturing capabilities, and drive long-term growth in medical technology, aligning with its commitment to quality and innovation in the life sciences sector.
Why it Matters:
This acquisition strengthens Zydus Lifesciences’ presence in the global MedTech industry, expanding into the fast-growing orthopedic market. By acquiring Amplitude Surgical, Zydus gains advanced product development capabilities and a strong international distribution network. This move aligns with Zydus’ long-term strategy to diversify its portfolio, enhance manufacturing, and drive growth in specialized medical technology.
Around the World
Asian stock markets showed mixed performance on Wednesday as investors reacted to shifting U.S. trade policies. Australian and Malaysian stocks led losses due to renewed uncertainty after President Trump announced higher tariffs on Canadian steel and aluminum, only to reverse the decision hours later. This policy flip-flop increased market volatility and weakened investor confidence, particularly in trade-sensitive Asian markets. Malaysia’s KLCI fell 1.5%, the Philippines’ PSEi dropped 1.2%, and Australia’s S&P/ASX 200 slipped 1.3% after briefly entering correction territory. Meanwhile, South Korea’s KOSPI rose 1.6%, supported by tech stocks like Samsung and SK Hynix, which gained 2.1% and 4.5%, respectively. The rebound was influenced by a slight recovery in U.S. tech stocks like NVIDIA and Broadcom. Japan’s Nikkei 225 gained 0.3% after hitting a six-month low in the previous session, while India’s Nifty 50 futures edged up 0.2%, reflecting cautious optimism in global markets.
Option Traders Corner
Max Pain
Nifty 50 – 22500
Bank Nifty – 48600
Nifty 50 – 22444 (Pivot)
Support – 22,367, 22,357, 22,160
Resistance – 22,575, 22,652, 22,782
Bank Nifty – 47861 (Pivot)
Support – 47,694, 47,535, 47,368
Resistance – 48,021, 48,188, 48,347
Have you checked our latest YouTube Video
Did you know?
India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024
India’s stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ₹14,000 crore in early 2025. These trends reflect growing confidence in India’s equity markets.
