NSE to Introduce Dated Brent Crude Oil Futures Contract From Apr 13
The National Stock Exchange of India (NSE) will launch Dated Brent Crude Oil (Platts) futures on April 13, 2026, after receiving SEBI approval. The contract will be cash‑settled, with monthly settlement based on the simple average of Platts Dated Brent assessments and converted to rupees using the RBI’s USD‑INR reference rate. Trading will occur on a monthly basis during NSE’s commodity‑derivatives hours, adjusted for U.S. daylight‑saving time. This addition expands NSE’s commodity‑derivatives suite with a globally‑linked hedging tool.
Rentomojo Files Draft Papers with SEBI for IPO; Plans ₹150-Crore Fresh Issue
Rentomojo Ltd, India’s leading online furniture and appliance rental platform, has filed a Draft Red Herring Prospectus with SEBI to launch an IPO. The offering comprises a fresh equity issue of up to ₹150 crore (about $18 million) and an offer‑for‑sale of...
Stock Market Live: Sensex Down 730 Points, Nifty Below 23,100 as Global Cues Weigh; Petrol Duty Cut, Diesel Levy Scrapped
Indian equity markets opened sharply lower on March 27, with the BSE Sensex dropping 730 points to 74,542 and the NSE Nifty slipping below 23,100 amid weak global cues and heightened Iran‑related geopolitical tension. The government announced a steep reduction...
Excise Duty Slashed by ₹10 on Petrol, Diesel; Retail Prices Unchanged
India's Finance Ministry announced a ₹10 (≈$0.12) per‑litre cut in Central Excise Duty on petrol and diesel, while retail prices stay unchanged. The reduction is expected to offset roughly 30‑40% of the annualised losses faced by Oil Marketing Companies at...
SEBI, Google Roll Out ‘Verified’ Badge for Investment Apps to Curb Fraud
SEBI has partnered with Google to launch a “verified” badge for investment apps on the Play Store, initially covering more than 600 stock‑broker applications. Only apps belonging to SEBI‑registered entities will display the badge, helping investors differentiate legitimate platforms from...
Weak Sentiment Keeps Kashmir Gold Demand Muted Despite Dip in Prices
Gold demand in Kashmir stayed muted despite a recent dip in prices ahead of the wedding season. Traders expected a surge as gold corrected, but footfall in stores remained thin and buyers opted for lighter pieces. Consumers are favoring 1‑gram...
SEBI Proposes IT Resilience Index to Enhance Market Infrastructure Oversight
The Securities and Exchange Board of India (SEBI) has unveiled a draft framework for an IT Resilience Index (ITRI) aimed at monitoring the robustness of technology systems used by market infrastructure institutions (MIIs) such as stock exchanges, clearing houses, and...
Broker’s Call: NALCO (Buy)
SBI Securities has upgraded NALCO to a Buy with a target of ₹420.9 (~$5,070) versus the current ₹367.15 (~$4,425). The integrated aluminium producer is moving ahead with a 0.5 mtpa capacity expansion, with a detailed project report due by mid‑2026 and...
Broker’s Call: HDFC Bank (Outperform)
HDFC Bank, India’s largest private lender, saw its former chairman Atanu Chakraborty resign, citing ethical concerns, while interim chair Keki Mistry was installed with regulator approval. The bank’s shares are trading around ₹781.70 (≈ $9.40) against a BNP Paribas target of ₹1,500 (≈ $18.10)....
Slow, but Steady Start for SIFs; Amass ₹9,712 Crore AUM in Six Months
Specialised Investment Funds (SIFs) have amassed roughly $1.2 billion in assets under management within six months, driven by a net inflow of about $1.2 billion. The hybrid long‑short strategy leads the pack, holding around $890 million across six schemes, while equity‑focused long‑short funds...
SEBI Conflict Code Overhaul Seen Pragmatic, but Transparency, Enforcement Gaps Remain
The Securities and Exchange Board of India (SEBI) has overhauled its conflict‑of‑interest code, bringing the chairman and whole‑time members under insider‑trading norms and expanding the definition of "family" to include spouses and dependents. While the changes tighten internal governance, the...
HDFC Gold ETF to Use Commodity Derivatives During Supply Shortage
HDFC Mutual Fund announced that its Gold ETF will tap exchange‑traded commodity derivatives (ETCDs) only when physical gold becomes temporarily scarce. The fund currently holds 15,262 kg of 99.5% pure gold, representing 98.65% of its assets, with cash and net current...
China Rejects 3 Indian Rice Shipments, Alleging Presence of GMOs
China has turned away three shipments of Indian non‑basmati rice, alleging the presence of genetically modified organisms despite prior certification by a Chinese inspection agency. Indian exporters, led by Shriram Food Industry, are pressing the Indian Council of Agricultural Research...
Apollo Hospitals Completes Acquisition of Stake in Apollo Health and Lifestyle
Apollo Hospitals Enterprise Limited (AHEL) completed the purchase of a 99.42% stake in its subsidiary Apollo Health and Lifestyle Limited (AHLL) for ₹12.54 crore. The acquisition, originally announced in September 2025, includes the remaining 30.58% equity previously held by the International Finance...
HIRECT Names New Global Growth Chief, Launches Copper Conductor Line
Hind Rectifiers Ltd appointed Chidambaram Balakrishnan as Chief Global Growth Officer, adding to its recent hire of Douglas J. Bailey as global CEO. The company also launched three advanced copper conductor variants—CTC, PICC and EPICC—from its newly expanded Nashik facility....
Ethanol Industry Ready to Supply More than 20% Blending, Can Cut Crude Import Bill: AIDA
The All India Distillers' Association (AIDA) has signaled readiness to supply ethanol blends exceeding 20 percent for petrol, aiming to curb India's reliance on imported crude amid rising oil prices and regional instability. India already met its E20 blending target ahead...
Mcap of Five of Top-10 Most Valued Firms Erodes by Rs 1 Lakh Cr; HDFC Bank Biggest Laggard
The combined market capitalisation of five of India’s top‑10 most‑valued firms fell by roughly ₹1 lakh crore last week, with HDFC Bank leading the decline by losing over ₹56 000 crore. Other laggards included ICICI Bank, TCS, Bajaj Finance and Hindustan Unilever. In contrast,...
Coal Imports Likely to Remain Subdued in Near Term
India’s coal imports slipped 4.2% to 213.1 million tonnes in the April‑January window, with non‑coking imports falling to 127.8 MT while coking imports rose modestly to 50.4 MT. The decline reflects a deliberate push toward self‑reliance as domestic output expands. Seaborne coal prices...
Russian Crude Tanker Begins Discharge at New Mangalore Port
Aqua Titan, a Cameron‑flagged tanker carrying 96,099 tonnes of Russian crude loaded at Primorsk, began discharging at Mangalore Refinery and Petrochemicals Ltd’s single‑point‑mooring facility in New Mangalore Port on Sunday. The arrival marks the latest in a series of Russian crude...
JP Morgan Chase Settles SEBI Case over FPI Rule Violations
JP Morgan Chase settled a SEBI case over foreign portfolio investor (FPI) rule breaches by paying Rs 34.42 lakh. The regulator found the bank issued Category II licences to four UK FPIs not registered with the FCA and later re‑classified them without verification. Additionally,...
SEBI Levies ₹2.8 Crore Fine on 18 Entities; Debars for 5 Years in RGRL Share Manipulation Case
India’s securities regulator SEBI imposed a total fine of ₹2.8 crore on 18 entities for manipulating the share price of Retro Green Revolution Ltd (RGRL). The regulator ordered Sanjay Arunkumar Choksi and Western Agrotech Innovative to return unlawful gains of ₹2.94 crore...
JBM Auto, Olectra Greentech, Ather Energy, Ola Electric Shares Zoom on Optimistic EV Growth Outlook
Electric‑vehicle stocks JBM Auto, Olectra Greentech, Ather Energy and Ola Electric surged on March 18, 2026 as investors linked rising crude‑oil prices to stronger EV demand. JBM Auto closed 19% higher at ₹585.30 and Olectra rose over 17% to ₹1,058.15,...
India Restricts Imports of Silver Jewellery with Cheap Diamonds Till June 30
India’s Directorate General of Foreign Trade announced that, effective immediately, imports of silver jewellery studded with cheap diamonds are restricted until June 30, 2026. The move targets a surge in such items from ASEAN nations that have been entering India...
India’s Market Regulator SEBI Eases Settlement Guarantee Fund Norms for Commodity Exchanges
SEBI has introduced a new clause that eases settlement guarantee fund (SGF) norms for commodity exchanges by allowing adjustments based on prevailing market conditions. The regulator can now grant case‑by‑case exemptions after deliberation, aiming to reduce capital burdens while preserving...
SEBI Clears 3 IPOs that Will Mop up over ₹500 Cr
SEBI approved initial public offerings for Travelstack Tech, Learnfluence Education and Tea Post, together raising more than ₹500 crore. The regulator’s clearance arrives as the Indian IPO market has stalled, with bearish sentiment heightened by the West Asia conflict. Travelstack Tech’s...
Broker’s Call: Federal Bank (Buy)
Axis Securities has upgraded Federal Bank to a Buy, setting a target price of ₹290 against a current market price of ₹260.85. The broker highlights the bank's focus on net interest margin (NIM) improvement through a shift toward higher‑yielding loan...
Sagar Cements to Sell 7.24% Stake in Andhra Cements via Offer for Sale
Sagar Cements announced an Offer For Sale to divest approximately 66.76 lakh shares, representing a 7.24% stake in its subsidiary Andhra Cements. The transaction is designed to satisfy the Minimum Public Shareholding (MPS) requirement mandated for listed entities. The shares will...
SEBI to Review MFD-IA Framework to Remove Overlap in Roles
India’s securities regulator SEBI announced a review of the mutual fund distributor (MFD) and investment adviser (IA) regulatory framework to eliminate role overlap. A working group will examine the current rules, while SEBI prepares a common advertisement code and a...
Roll Out of Haryana Model Fertiliser Sales in Other States to Take Time, Says Government
The Centre’s Haryana fertilizer pilot linked subsidised sales to the state’s MFMB portal, using PoS devices and biometric or OTP verification. During the last Rabi season, urea use dropped 10.9% and DAP 24.9%, saving roughly ₹700.53 crore in subsidies. Average purchases...
Maithan Alloys Acquires 12.98 Lakh Equity Shares in Bank of India
Maithan Alloys Limited acquired 12,98,500 equity shares of Bank of India on March 13, 2026, paying ₹19.82 crore through the stock exchange. The purchase represents roughly 0.03 % of BoI’s share capital and is positioned as a strategic financial investment rather than...
South Indian Bank Enables EPF Payments on Net Banking Platform
South Indian Bank launched EPF payment services on its SIBerNet internet‑banking platform on March 12, 2026, in partnership with the Employees’ Provident Fund Organisation. The integration creates a direct payment channel, letting employers remit statutory contributions without leaving the EPFO portal. The...
NSE Appoints 20 Merchant Bankers, 8 Law Firms for Proposed IPO
NSE has finalized appointment of 20 merchant bankers and eight law firms for its long‑awaited IPO. The syndicate includes domestic powerhouses like Kotak Mahindra Capital and global banks such as Morgan Stanley, while legal counsel features firms like Cyril Amarchand...
SEBI Proposes Streamlined Inheritance Process for Securities, Higher Claim Limits
The Securities and Exchange Board of India (SEBI) has issued a consultation paper proposing a streamlined inheritance process for securities. The plan introduces a fast‑track “straight‑through processing” category for low‑value claims, setting thresholds at ₹10,000 for physical holdings and ₹30,000...
Power Stocks Surge as West Asia Crisis Reshapes India’s Energy Mix
Power stocks rallied sharply on Thursday as West Asia tensions disrupted LPG imports, prompting a rapid shift toward electricity. The Nifty Energy index jumped 1.93%, led by Adani Power (+7.89%) and ATGL (+7.51%). Analysts cite an early‑summer demand boost and...
Stock Market Live Updates: Stock to Buy Today: Glenmark Pharmaceuticals (₹2,228.25) – BUY
The Gift Nifty opened at 24,335, signaling a modest dip and a likely flat start for the Indian market on March 11, 2026. Analysts expect Nifty to trade within a 24,000‑24,500 range amid heightened volatility from West Asia developments. Meanwhile,...
Broker’s Call: Ambuja Cements (Buy)
HDFC Securities maintains a Buy on Ambuja Cements, setting a revised target price of ₹680 per share, down from ₹700, while the stock trades at ₹462.30. Management highlighted healthy demand momentum and a recovering cement price environment, alongside ongoing plant‑infrastructure...
Edelweiss Financial Services Divests 4.4% Stake in Its EAAA Alternatives India
Edelweiss Financial Services has divested a 4.4% stake in its wholly‑owned subsidiary EAAA Alternatives India for ₹375 crore. The sale coincides with EAAA’s preparation for an IPO targeting up to ₹1,500 crore, as outlined in its draft red herring prospectus filed in...
Warburg Pincus Backed Truhome Finance Files DRHP with SEBI for a ₹3000 Crore IPO
Truhome Finance Ltd, formerly Shriram Housing Finance, has filed a Draft Red Herring Prospectus with SEBI for a ₹3000 crore IPO. The offering is split evenly between a fresh issue of ₹1500 crore and an offer‑for‑sale of ₹1500 crore by promoter Mango Crest...
SEBI Sets up Expert Group to Chart Tech Roadmap for Markets
India’s securities regulator SEBI has created a high‑level expert working group to draft both short‑term and long‑term technology roadmaps for the market ecosystem. The group will address growing trading volumes, digital participation, and operational complexity, while SEBI simultaneously rolls out...
Re Depreciation Against Dollar Cushions Bullion Price Fall
The Indian rupee fell to a record‑closing 92.35 per dollar, cushioning domestic bullion prices despite a global gold slump. Spot gold in the United States dropped 1.2 % to $5,098 an ounce, while Indian spot gold slipped only ₹77 to ₹158,674...
NHAI-Backed Raajmarg InvIT to Launch ₹6,000-Crore IPO on March 11
Raajmarg Infra Investment Trust (InvIT), backed by the National Highways Authority of India, is launching a ₹6,000‑crore IPO on March 11, priced between ₹99 and ₹100 per unit. The InvIT will own five toll‑road assets across Jharkhand, Andhra Pradesh, Tamil Nadu...
First IPO From Gift City Rescheduled Amid Middle East ‘Uncertainties’; to Open March 16
XED Executive Development Ltd, the first company to list on India’s Gift City International Financial Services Centre, has postponed its IPO opening to March 16‑24, 2026 due to heightened geopolitical tensions in the Gulf, specifically the Iran‑US‑Israel conflict. The dollar‑denominated offering,...
IzmoMicro Enters Defence Electronics Market as IZMO Stock Hits Upper Circuit
izmomicro, the semiconductor packaging arm of IZMO Limited, announced its entry into India’s defence electronics sector, offering packaging for radar, RF, microwave, airborne and precision‑guidance systems. The company is now working with government research establishments, defence public‑sector undertakings and private‑sector...
Coforge Wins ServiceNow’s 2026 APAC Partner Award for CRM Domain Expertise
Coforge Limited has been named ServiceNow’s 2026 Partner of the Year for CRM domain expertise in the Asia‑Pacific region. The award spotlights the company’s AI‑driven Customer Service Management solutions, including omnichannel integration and automated case handling. Coforge’s stock edged higher,...
SAMHI Hotels Buys 70% Stake in RARE India, Signs Marriott Tie-Up for Heritage Portfolio
SAMHI Hotels Limited announced board approval to purchase a 70% stake in heritage‑hotel platform RARE India for roughly ₹470 million, with definitive agreements expected by May 2026. The acquisition will expand SAMHI’s portfolio to about 100 hotels, adding 67 properties across India,...
Jindal Stainless Flags Possible Shipment Delays to West Asia
Jindal Stainless warned that shipments of stainless steel to West Asia may be delayed due to the escalating conflict affecting maritime routes and airspace. Although the region represents a small portion of its export business, the company highlighted potential transit...
Sensex Slides over 600 Points to 79,412, Nifty Falls 168 Points to 24,597 as Banks Drag; Energy Stocks Buck the...
India's benchmark indices deepened losses on Friday, with the BSE Sensex slipping 603 points to 79,412 and the Nifty 50 dropping 168 points to 24,597. Banking and financial‑services stocks led the decline, as the Nifty Bank fell 763 points, testing...
Stock Market Live Updates: Stock to Buy Today: Tube Investments of India (₹2,769.20)
Tube Investments of India has been on a steady rally since late January, breaking the ₹2,650 resistance on March 2 and trading around ₹2,769. Technical analysts project a short‑term dip to the breached level before the uptrend resumes, with a near‑term...
BSE to Roll Out Monthly Futures, Options on Sensex Next 30
The Bombay Stock Exchange will introduce cash‑settled monthly futures and options on the Sensex Next 30 index, which tracks the most liquid large‑cap stocks outside the flagship Sensex 30. SEBI has approved the contracts, setting expiry on the last Thursday of each...
Mutual Funds Take a Shine to Bank Stocks
Mutual funds have markedly increased their stakes in Indian banks, lifting holdings by more than one percentage point in fifteen institutions between December 2024 and December 2025. The Nifty Bank Index climbed 24 percent over the past year, reflecting low NPAs, robust credit growth...