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INR slips back beyond Rs 93 per dollar mark amid volatile geopolitical situation; RBI in focus
The Indian rupee depreciated around 20 paise to close beyond Rs 93 mark against the US dollar on Tuesday, as investors remained on edge ahead of US President Donald Trump's deadline for the opening of the Strait of Hormuz and the Reserve Bank's monetary policy review. The USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Nevertheless, Indian shares recovered from an early slide to end notably higher on Tuesday as the clock ticked towards a deadline that U.S. President Donald Trump has set to bomb Iranian power plants if it does not open the Strait of Hormuz. Benchmark indexes Sensex and Nifty extended gains for a fourth consecutive session despite Trump describing a "significant proposal" received from Iran as "not good enough" and threatening to decimate Iran within four hours if it did not agree to a deal by Tuesday night. Moreover, market participants ...
Stocks to watch: HDFC Bank, NTPC, Wipro among 10 shares in focus today
Stock market today: On Thursday, the Nifty 50 dropped 775 points, or 3.26%, to close at 23,000, while the BSE Sensex ended at 74,207, also down 3.26% from the previous session
Stocks in news: Manappuram Finance, Kotak Bank, Nazara Technologies, United Breweries
Indian markets continued their recovery for a third straight session, with Nifty approaching the 23,800-24,000 resistance zone. Key stocks like Manappuram Finance, Kotak Bank, Nazara Technologies, and United Breweries are in focus due to significant corporate developments, including acquisitions, licensing agreements, and environmental clearances.
Kotak Mahindra, Federal Bank line-up to acquire StanChart's India credit-card-only customers; Offer review underway
Standard Chartered is considering offers from Kotak Mahindra Bank and Federal Bank for its Indian credit card customers. This move aligns with the bank's strategy to reduce focus on single-product clients. The sale involves up to 600,000 customers who only have credit cards. This divestment aims to improve profitability by shedding non-core assets.
Bank Stocks In Focus: Kotak Mahindra Bank, Bandhan Bank Shares Trade Higher
Kotak Mahindra Bank and Bandhan Bank buzz during early trade.
Billionaire-backed Kotak Bank open to deals as CEO touts capital
Kotak Mahindra Bank is exploring acquisitions to deploy its surplus capital and expand its scale, CEO Ashok Vaswani said. The lender has a strong capital position, with a capital-to-risk ratio of 22.6%, allowing it to consider even deals above $1 billion, though it will assess whether targets fit its strategy, valuation and management focus.
Top Gainers & Losers on Mar 09: PG Electroplast, HPCL, RVNL, Meesho, Paras Defence, Bank of India among top losers
The escalating US-Iran war is driving the Indian stock market down, with the Nifty 50 and Sensex reaching 10-month lows. Rising crude oil prices and a weakening domestic currency contribute to a decline in investor confidence amid regional chaos.
Markets in ‘fear phase’, deploy money in autos, banks, capital goods: AlfAccurate’s Rajesh Kothari
The sharp correction in Indian equities triggered by fears of a prolonged war in West Asia should be viewed as a buying opportunity, according to Rajesh Kothari, Managing Director at AlfAccurate Advisors.Benchmark indices declined nearly 3% this week — their steepest weekly fall in over a year — as rising crude oil prices and geopolitical tensions rattled investor sentiment. Financial stocks led the decline, with the Nifty Bank logging its biggest weekly drop in 14 months.However, Kothari believes the selloff reflects sentiment rather than a deterioration in underlying economic fundamentals.“We are currently in a fearful phase of the market. When others are fearful, that’s usually the time to be greedy,” Kothari told CNBC-TV18, advising investors to deploy money gradually over the next 30–60 days rather than attempting to time the market.He emphasised that the outcome of the West Asia conflict is less important for markets than its duration. While companies with exposure to the Middle East could face short-term uncertainty, the broader domestic growth story remains intact.Against this backdrop, Kothari highlighted four sectors that investors should focus on.Autos remain a key bet, supported by strong demand trends and low inventory levels across the industry. February sales data was robust, and leading automakers have reported healthy growth, signalling sustained momentum.Banking and financials are another preferred sector. Credit growth has improved to around 13% from about 8.5% earlier, while asset quality remains strong. According to Kothari, the sector could become a “strong buy on declines” if crude-driven inflation concerns ease.He also sees opportunities in capital goods, particularly companies reporting strong order inflows as India’s investment cycle picks up.Lastly, hospitals stand out as a defensive play. The sector remains largely insulated from geopolitical risks and technological disruptions such as artificial intelligence.“These are strong India stori
Watch | Rahul Sharma's make-or-break level for the Nifty is still 1,000 points away
JM Financial’s Rahul Sharma said the Nifty remains in a narrow market phase where a limited number of stocks are supporting the index, similar to the trend seen in 2017–18. He said the index has immediate support at 24,000, while 23,500 is the key “make-or-break” level for the current market structure. Sharma believes any correction could offer buying opportunities in quality stocks, highlighting public sector banks, PSUs and select large-cap names such as Larsen & Toubro, State Bank of India and Titan.
India stock market today: Nifty ends flat near 25,500 as HDFC Bank drags; GDP reset in focus Friday - TechStock²
India stock market today: Nifty ends flat near 25,500 as HDFC Bank drags; GDP reset in focus FridayTechStock²
Market Meltdown: Nifty, Bank Nifty Slide as Oil Surges & Rupee Hits All-Time Low | Closing Bell
Global tensions trigger a sharp sell-off across markets as Indian equities witness a “Fearful Friday” on Dalal Street. The Nifty plunges 5% for the week, marking its biggest weekly fall in four years, while frontline indices are now 11–13% below record highs. Oil prices surge past $101, the rupee hits a fresh all-time low, and metal, auto, and midcap stocks lead the broad-based decline. Is this just panic selling or the start of a deeper correction? Catch Surabhi Upadhyay in conversation with market experts decoding the market meltdown, global risks, and what investors should do next.
Stocks to Watch Today: RITES, GNFC, IRB Infra, Tata Power, Dr Reddys Labs, Max Estates, Meesho, Kwality Walls, PB Fintech in focus on 9 March
Stocks to Watch, 9 March: Stocks like Kwality Walls India, SML Mahindra, Max Estates, Meesho, Kotak Mahindra Bank, R Systems International, Yes Bank, Dr Reddy's Laboratories, Tata Power Company, RITES, UltraTech Cement, and IRB Infrastructure Developers will be in focus on March 9.