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SBI, Canara Bank, BoB to PNB: PSU bank stocks rise up to 5% following stock market rebound
The Nifty PSU Bank index rose nearly 4% on March 20, reversing a previous 3% decline. Broader market gains and easing crude oil prices boosted sentiment. Key banks like Canara Bank and Union Bank saw significant increases, with all constituents trading positively.
Nifty Bank logs 3rd-worst March fall since the global financial crisis. HDFC Bank, SBI among top culprits
Nifty Bank posted its third-worst March in two decades, falling around 12%, with PSU and private banks under pressure. Heavy FII outflows, global macro headwinds, rising oil prices and geopolitical tensions have intensified the correction. Major constituents like HDFC Bank and ICICI Bank have significantly dragged the index lower.
Indian stock market: 10 key things that changed for market overnight - Gift Nifty, US-Iran war, gold rate to oil prices
Gift Nifty was trading around 23,177 level, a premium of nearly 122 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets tumbled sharply as rising crude oil prices and the Fed’s cautious rate outlook dented sentiment. Nifty and Sensex saw steep declines, volatility spiked, and technical indicators signaled further downside risk with bearish momentum dominating near-term market direction.
Market Trading Guide: Buy ACME Solar and Ather Energy on Friday for gains up to 14%
Nifty tumbled amid surging crude oil prices and the Fed’s cautious rate outlook, with technical indicators signaling bearish momentum. Analysts warn of further downside below 23,000, while select stocks like ACME Solar and Ather Energy show bullish breakout potential.
Stock Market Highlights: Rs 12 Trillion Wiped Out Today As Sensex Crashes 2,400 Points - NDTV
Stock Market Highlights: Rs 12 Trillion Wiped Out Today As Sensex Crashes 2,400 PointsNDTVStock market crash erases Rs 11 lakh crore investors’ wealth! Sensex ends around 2,500 points down - topThe Times of IndiaIndian stock market: 10 key things that changed for market overnight - Gift Nifty, US-Iran war, gold rate to oil pricesMintWhy Indian Stock Market is FallingEquitymasterSensex ends 2,500 points lower: What's behind today's stock market crash?India TodaySensex Today | Nifty 50 | Stock Market Live Updates: Sensex crashes over 2,200 points in pre-opening sess...The Economic TimesSensex Today | Stock Market Highlights: Sensex crashes 2,500 pts, Nifty ends down 3.3% at 23,000; auto, banks lead routMoneycontrol.comInvestors lose Rs 9 lakh crore in 1 session. What caused stock market to tank?FirstpostSensex Today | Highlights: Markets crash to 11-month low; Nifty struggles around 23,000, Sensex plunges 2,500 pointsThe Financial Express
GIFT Nifty Falls Nearly 3% After US Fed Rate Decision, Iran's Warning Of Attack On Gulf Oil Facilities
GIFT Nifty as of 1:32 a.m. was trading at 23,192.50, down 2.55% or 597 points, slipping near the 23,200 mark.
Coal India's arm CMPDIL raises ₹470 cr via anchor investors ahead of IPO
Central Mine Planning and Design Institute (CMPDIL), an arm of state-owned Coal India, on Wednesday said it has mobilised Rs 470 crore from anchor investors, ahead of its initial share-sale opening for public subscription. Life Insurance Corporation (LIC), Nippon India Mutual Fund (MF), Edelweiss MF, ICICI Prudential MF, Baring Private Equity India Fund, General Insurance Corporation of India and Edelweiss Life Insurance Corporation are among the anchor investors, according to a circular uploaded on BSE's website. Also, Societe Generale, Citigroup, Goldman Sachs and BNP Paribas Financial Markets participated in the anchor round. As per the circular, the state-owned firm allotted 2.73 crore equity shares to 22 funds at Rs 172 per piece, aggregating the transaction size to Rs 469.74 crore. Of these funds, LIC has been allocated shares to the tune of Rs 105 crore. CMPDIL's Rs 1,842-crore initial public offering (IPO) will open for subscription on March 20 and conclude on March 24. T
INR settles at new lifetime low as soaring oil prices dampen sentiments
The Indian rupee declined 14 paise to settle at an all-time low of 92.42 (provisional) against the US dollar on Tuesday, pressured by rising crude oil prices and sustained outflow of foreign funds amid the West Asia crisis. A positive trend in domestic equity markets also helped the domestic currency at the lower level, even as investors remained watchful of the US Federal Reserve's interest rate decision. Indian stock markets closed significantly higher for the second consecutive session, driven by gains in auto and metal sectors despite volatility. The Sensex jumped 568 points (0.75%) to close at 76,071, while the Nifty 50 added over 172 points (0.74%) to end at 23,581, rebounding after recent sharp losses. At the interbank foreign exchange, the local unit opened at 92.35 and hit the lowest intra-day level of 92.47 against the greenback. The unit finally ended at a new lifetime low of 92.42.
Indian stock market: 10 things that changed for market over weekend - Gift Nifty, US-Iran war, oil crises to gold rate - Mint
Indian stock market: 10 things that changed for market over weekend - Gift Nifty, US-Iran war, oil crises to gold rateMint
INR tumbles to new lifetime lows; Benchmark indices melt amid West Asia conflict and escalating oil prices
The Indian rupee slumped to close at a fresh record low of 92.37 (provisional) against the US dollar on Friday as crude oil prices crossed USD 101/barrel amid the raging West Asia conflict. A stronger greenback, heavy foreign fund outflows and sustained selling in the domestic equity markets further weighed on the rupee. At the interbank foreign exchange, the local unit opened at 92.33 and kept losing ground to hit a fresh intra-day low of 92.47 against the US dollar. It eventually settled at its lifetime low of 92.37 (provisional), down 11 paise from its previous close. Indian shares plunged on Friday to extend their recent string of losses as oil prices climbed back above $100 a barrel amid an ongoing conflict in West Asia involving Iran, Israel and the United States. The Sensex dropped by 1,470 points to close at 74,563, while the Nifty 50 fell 488 points, settling at 23,151.
$100 crude gives Rs 20 lakh crore shock to Nifty bulls this week. Best time to buy the fear?
Crude oil above $100 has wiped out Rs 20 lakh crore in equity wealth, hammering markets in India as the Iran conflict escalates. The rupee hit a record low, and FIIs continue to sell, yet experts and Axis Mutual Fund argue the panic may be creating a rare long-term buying window.