Nifty Holds Above 23,500 as Bargain Hunters Return; 440 Stocks Hit 52-Week Lows
India's Nifty 50 closed at 23,581.15, up 0.74%, keeping the index above the 23,500 threshold for a second straight session. While the rally was powered by short‑covering and a sharp 8.39% fall in the India VIX, market breadth stayed fragile, with 440 stocks touching 52‑week lows versus just 56 making new highs. Metal, auto and realty sectors led gains, and corporate headlines featured Reliance Industries’ 15‑year green ammonia supply deal with Samsung C&T and Fino Payments Bank’s record deposits. Analysts caution that the next move hinges on the Fed decision and persistent crude‑oil pressure.
Broker’s Call: Patanjali Foods (Buy)
Patanjali Foods (PFL) maintains a BUY rating with a target price of ₹660, up from its current ₹486.95. Management says West Asia conflict hasn't affected spot edible‑oil prices, though Chicago futures are rising alongside crude oil. The company leverages pricing...
Rupee Falls 12 Paise to Settle at Record Low of 92.40 Against US Dollar
The Indian rupee slipped to a provisional all‑time low of 92.40 per U.S. dollar, down 12 paise, as rising Brent crude prices and sustained foreign institutional investor outflows weighed on the currency. The decline was amplified by geopolitical tension in West...
Speciality Medicines to Raise ₹29 Crore via IPO on BSE SME
Speciality Medicines announced an IPO on the BSE SME platform to raise ₹29 crore by issuing 23.5 lakh equity shares priced between ₹117 and ₹124 per share, opening on March 20. The proceeds will fund a new research and development centre, international product...
Partial Flight Resumptions Restore some Gold Flows From Key Hub Dubai
The resumption of limited flights from Dubai has allowed a partial restart of physical gold shipments that were halted after the US‑Israeli war on Iran began on Feb. 28. Flight traffic is now about 37% of normal levels, easing some supply...
Coal India's Arm CMPDIL to Float IPO on March 20
Coal Central Mine Planning and Design Institute (CMPDIL), a subsidiary of state‑owned Coal India, will launch its initial public offering on March 20, with the issue closing on March 24. The IPO consists of an offer‑for‑sale of 10.71 crore shares by Coal India...
Cut in Gas Supply Puts Many Steel Companies in the Dock
Ongoing industrial gas shortages in India have compelled many steel producers to slash output or shift to higher‑value products to offset rising costs. The sharp depreciation of the rupee has further inflated coking‑coal import prices, while higher shipping and insurance...
Brent Crude Gains Despite US Issuing a 30-Day Licence for Russian Oil Purchases
Brent crude futures edged higher to $100.64 a barrel on Friday, even as the U.S. Treasury issued a 30‑day licence permitting the sale of Russian oil already stranded at sea. The temporary measure is framed as a market‑stabilising tool that...
KIMS Hospitals to Raise ₹1,500 Cr Through QIP
Krishna Institute of Medical Sciences (KIMS) Hospitals received board approval to raise up to ₹1,500 crore through a Qualified Institutional Placement (QIP). The capital may be issued in one or more tranches, with the Finance and Investment Committee setting the final...
Valuation Discipline Key as AIF-Backed Firms Head for IPOs: SEBI Chief
SEBI chairman Tuhin Kanta Pandey warned that alternative investment funds must tighten valuation practices as a wave of AIF‑backed companies prepares for IPOs. He highlighted that weak or opaque pricing could distort price discovery and erode investor confidence when firms...
PGIM India MF Allows only SIP in 3 Overseas Funds
PGIM India Mutual Fund has temporarily restricted investments in three of its overseas‑focused schemes to existing systematic investment plans (SIPs) only, halting both lump‑sum contributions and new SIP registrations. The affected vehicles are the Global Equity Opportunities Fund of Fund,...
Jindal Steel Emerges Preferred Bidder for Odisha’s Thakurani-A1 Iron Ore Block
Jindal Steel has been declared the preferred bidder for Odisha’s 202‑hectare Thakurani‑A1 iron‑ore block, securing the asset at a 101.20% premium. The block, part of a December 2025 auction of 12 virgin mineral blocks, contains roughly 50 million tonnes of iron‑ore resources....
Fuel Prices Today: Check Petrol, Diesel Rates City-Wise
Crude‑oil futures plunged on March 10 after U.S. President Donald Trump signalled an end to the West Asia conflict, sending Brent down 5.15% to $93.86 and WTI 5.24% to $89.80 per barrel. Despite the sharp global sell‑off, retail fuel prices across...
Petronet LNG, GAIL, Indraprastha, MGL, ATGL Gain up to 6% as Trump’s Iran War Remarks Lift Market Sentiment
Shares of Indian gas distributors surged after President Donald Trump suggested the Iran war could end soon, easing fears of prolonged Strait of Hormuz disruptions. Petronet LNG jumped nearly 5% to ₹292.30, GAIL rose 2% to ₹152.50, and Indraprastha Gas...
Rupee Rebounds From All-Time Low, up 7 Paise to 92.14 Against US Dollar in Early Trade
The Indian rupee rebounded from its all‑time low, trading at 92.14 per U.S. dollar after a 7‑paise gain in early trade. The rally was sparked by a sharp drop in global oil prices following President Donald Trump’s comments that the...
India Says No to IEA’s Call to Release Strategic Oil Reserves
India has declined the International Energy Agency’s invitation to tap its strategic oil reserves as a measure to curb soaring crude prices. The country holds about 5.33 million tonnes of underground reserves, roughly 80% of capacity, and reserves them for supply‑disruption...
Raymond Realty Adds Kandivali Project Worth ₹3,000 Crore, 7th JDA in Mumbai
Raymond Realty Limited announced its seventh joint‑development agreement in Mumbai, a residential redevelopment in Kandivali valued at roughly ₹3,000 crore. The project brings the company's total gross development value to about ₹43,000 crore and marks its third venture in the city's Western...
Broker’s Call: Hyundai Motor India (Reduce)
Hyundai Motor India posted an 8% YoY rise in Q3FY26 EBITDA to ₹2,020 crore, but the figure fell 17% quarter‑on‑quarter, missing both the broker’s and Bloomberg forecasts. Management highlighted GST‑driven demand and a dealer inventory below four weeks, projecting 5‑6% domestic...
From Labs to Listings: IIT Start-Ups Ride the IPO Wave
Indian Institutes of Technology are emerging as powerful engines of deep‑tech entrepreneurship, with several alumni‑founded companies recently completing high‑profile IPOs. Sedemac Mechatronics, an IIT‑Bombay spin‑out, listed at a ₹6,000 crore valuation, while Ather Energy’s IPO gave IIT‑Madras incubators a 5 % stake...
Sri Lanka’s 1st Blue Bond Dually Listed on NSE IX at GIFT City
Sri Lanka’s DFCC Bank has issued its inaugural LKR 3 billion blue bond and secured a dual listing on the NSE International Exchange (NIX) at GIFT City, marking the first blue bond to trade within India’s IFSC jurisdiction. The bond, originally listed...
Broker’s Call: Gravita (Buy)
Gravita has bought Rashtriya Metals Industries Limited for ₹565 crore, marking its entry into copper recycling and raising total copper capacity to 340 ktpa, with an additional 45 ktpa slated for Q2 FY27. The firm also expanded lead‑recycling capacity by 80,300 tpa to 145,100 tpa using...
GIFT City’s First-Ever IPO to Open on March 6
XED Executive Development Ltd is launching the International Financial Services Centre’s first equity IPO from GIFT City, opening on March 6 and closing on March 18. The $12 million, dollar‑denominated offering will list on NSE International Exchange and India‑INX, with a price band...
Bank of Baroda to Raise up to ₹10,000 Cr via Green Infra Bonds on March 4
State‑owned Bank of Baroda announced a green infrastructure bond issue of up to ₹10,000 crore, with a base size of ₹5,000 crore and a green‑shoe option for an additional ₹5,000 crore. The seven‑year bonds will mature on March 5 2033 and are rated AAA with...
Banks Snap up Bonds as Holdings Approach Regulatory Floor
Indian banks are accelerating purchases of government bonds as their sovereign‑debt holdings edge toward the RBI’s 18% regulatory minimum. In February, state‑owned lenders bought a net ₹225.8 billion ($2.5 billion), the largest monthly purchase recorded since Bloomberg began tracking in 2006. Their...
JM Financial Launches ₹1,500 Crore Pre-IPO Fund Under SEBI-Approved AIF Category
JM Financial Asset Management has launched a ₹1,500 crore pre‑IPO Alternative Investment Fund (AIF) under SEBI’s Category II, marking its entry into the pre‑IPO investment space. The fund will invest in companies slated to go public within the next 18 months, leveraging...
Digital Payments Rivalry: Paytm Leans on Merchant Edge as PhonePe Scales Volume, Say Brokerages
PhonePe dominates UPI transaction volume with a 51% market share, while Paytm commands only 6% but leads merchant‑payment monetisation. Paytm’s merchant device network and loan services generate higher margins—about 9 basis points versus PhonePe’s 4—resulting in ₹38.6 billion revenue and ₹2.8 billion...
Mobilise App Lab to Raise ₹20 Cr via IPO on NSE Emerge
Mobilise App Lab, a cloud‑based SaaS ERP provider, announced a ₹20 crore IPO on NSE Emerge, issuing 2.512 million equity shares at a ₹75‑₹80 price band. The offering opens Monday with a lot size of 1,600 shares and a minimum bid of two...
Broker’s Call: Lumax Auto Tech (Buy)
Lumax Auto Tech posted strong Q3FY26 results, with revenue up 40%, EBITDA up 49% and profit after tax up 116% YoY, aided by a one‑time deferred tax gain from the GreenFuel Energy merger. Management lifted FY26 revenue guidance to 30%...
Broker’s Call: GMR Airports (Buy)
GMR Airports reported a structural earnings inflection in Q3FY26, driven by tariff‑led aero yield growth at Delhi and expanding non‑aero adjacency services. Net debt is expected to peak in FY26 before declining as EBITDA scales, supported by a projected 29%...