BSE PSUBNK

Indian equity benchmarks, the Sensex and Nifty, are likely to open lower today, on March 12, tracking losses in GIFT Nifty, which was trading lower at around 23,800.

Track the latest updates on GIFT Nifty right here on Moneycontrol.

After a strong rebound in the previous session, the market once again came under pressure on March 11, with the Nifty 50 falling below 23,850, intraday, amid selling across the sectors

At close, the Sensex was down 1,342.27 points or 1.72 percent at 76,863.71, and the Nifty was down 394.75 points or 1.63 percent at 23,866.85.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty traded lower at around 23,800, signalling a negative opening for the Indian equity markets.

Asian Equities (Fall)

Shares fell in Asia on Thursday as oil prices jumped on reports that more ships had been struck in the Strait of Hormuz and in Iraqi waters, fuelling inflation and pushing borrowing costs higher worldwide.



US Equities (Down)

US stocks closed lower on Wednesday as markets largely looked past a tame inflation ‌report, focusing instead on intensifying hostilities and mounting repercussions related to the U.S.-Israeli war on Iran.

The Dow Jones Industrial Average fell 289.24 points, or 0.61%, to 47,417.27, the S&amp;amp;P 500 lost 5.68 points, or 0.08%, to 6,775.80 and the Nasdaq Composite gained 19.03 points, or 0.08%, to 22,716.14.



Dollar Index (Up)

The dollar inched up in the early trade against the other major currencies.



US Bond Yield (Flat)

The yield on 10-year US Treasuries were flat at 4.22 percent, while 2-year US Treasuries up marginally at 3.66%.



Asian Currencies (Down)

Asian currencies were trading mostly lower in early Thursday trade, with the Philippines Peso leading the losers followed by the Thai Baht, Taiwan Dollar, South Korean Won, and Malaysian Ringgit.



Crude (Jumps)

West Texas Intermediate crude rose 7% to $93.86 a barrel, while Brent crude jumped more than 7%.



Gold (Down)

Gold and Silver prices were trading lower at USD 5158 per ounce and USD 85.47 per ounce, respectively, in the early Thursday trade.



Fund Flow Action

On March 11, Foreign Institutional Investors (FIIs) sold equities worth Rs 6,267 crore, extending their selling streak to the ninth consecutive session, while Domestic Institutional Investors (DIIs) continued their buying for the 11th straight day, purchasing equities worth Rs 4,965 crore.



Hope you're all set for today's trade. We wish you a profitable day ahead.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Tick: Top global cues to watch in today’s trade

Sensex Today | Stock Market LIVE Updates: US stocks closed lower on Wednesday as markets largely looked past a tame inflation ‌report, focusing instead on intensifying hostilities and mounting repercussions related to the U.S.-Israeli war on Iran. The Dow Jones Industrial Average fell 289.24 points, or 0.61%, to 47,417.27, the S&amp;amp;P 500 lost 5.68 points, or 0.08%, to 6,775.80 and the Nasdaq Composite gained 19.03 points, or 0.08%, to 22,716.14.

Sensex Today | Stock Market Live: GIFT Nifty signals a negative start; US, Asian markets fall

Markets absorb much of initial US-Iran shock, Opportune time for bottom-up stock picking in in beaten-down names, Believe banking and financials look more attractive post the sharp correction

* Markets absorb much of initial US-Iran shock
* Opportune time for bottom-up stock picking in in beaten-down names
* Believe banking and financials look more attractive post the sharp correction

shorts/business/rahu-kal-for-markets-nilesh-shah-warns-oil-spike-from-middle-east-tensions-could-still-sting-india

India may not be directly in the line of fire of the Iran conflict, but the economic aftershocks are already being felt, according to Nilesh Shah, Managing Director at Kotak Mahindra AMC.

“The markets have absorbed much of the initial shock, but the situation remains fluid,” Shah told Moneycontrol, noting that while “there are no missiles in our backyard”, the secondary effects of the conflict are beginning to show up in the economy.

The biggest risk, he said, is crude. “Higher oil prices act like the ‘Rahu Kal’ in our economic kundali, disruptive and hard to ignore.”

Even so, Shah believes the volatility could create opportunities for investors willing to look beyond the immediate noise. The current phase, he said, may favour bottom-up stock picking in beaten-down names, with diversification likely to work better than concentrated bets.

He also sees value emerging in banking and financial stocks after their recent correction. “Valuations have turned reasonable, deposit repricing could support NIM expansion in FY27, and asset quality pressures aren’t alarming,” Shah said.

Do you think the Middle East tensions are fully priced into the market considering the recent developments, or could there still be limited downside if the situation escalates?

The recent escalation in Middle East tensions, has sent ripples through global markets, with oil prices spiking sharply before some pullback. Markets react swiftly to unfolding events. In my view, while markets have absorbed much of the initial shock, the situation remains fluid. Higher oil prices act like the “Rahu Kal” in our economic kundali—disruptive and hard to ignore.

On a back-of-the-envelope basis, every 10% jump in crude adversely impacts India’s CPI inflation by about 20-30 bps in primary effect, with secondary ripples pushing it higher. Similarly, it dents GDP growth by around 10-20 bps and widens the Current Account Deficit (CAD) by another 10-15 bps. When you layer in secondary effects, the overall hit can increase further.

India remains insulated from direct war fallout—no missiles in our backyard—but the secondary impacts are real. We have to take care of over 9 million Indians working in the Gulf, their remittances form a large part of our FX inflows. Sustained high oil prices not only fuels inflation but pressures the rupee, bond yields, and equity sentiment. Markets hate uncertainty; volatility rises as investors recalibrate risks in response to events.

Are valuations attractive at current levels given the earnings outlook?

Large and mid-caps appear fairly valued on historical metrics—not cheap, but not in bubble territory. Small caps, however, remain expensive. If you’re chasing 30%+ returns, markets look pricey.

But for low to mid-single-digit positive real returns over the medium term, current levels offer a reasonable entry point for calibrated investments. This is a time for patience, not panic.

After the recent supply shock, do you see the government focusing more aggressively on the oil &amp;amp; gas exploration and production sector?

The supply shock from geopolitical events may prompt the government to double down on oil &amp;amp; gas exploration and production. In crises, our government has always responded decisively. Over the past two decades, India has smartly reduced oil intensity through a booming services sector and aggressive push into renewables and nuclear power.

Now is the moment to accelerate focus on agro-residue-based power generation and local hydrocarbon exploration. Crisis often catalyzes bold reforms—expect proactive steps here.

Do you see any impact of the Iran war on Q4 earnings, or do you think it will remain manageable?

For Q4 FY26 earnings, higher oil will cast a shadow, especially on oil &amp;amp; gas, petrochemicals, plastics, fertilizers, and related sectors. Margins could compress, input costs rise, and pass-through may be incomplete in a competitive environment. That said, the broader impact should remain manageable if the escalation doesn’t prolong dramatically.

Is the banking and financial sector looking more attractive after the recent sharp correction?

Banking and financials look more attractive post the sharp correction. Valuations have turned reasonable, deposit repricing could support NIM expansion in FY 27, and asset quality pressures aren’t alarming. This sector offers resilience amid volatility with domestic focus.

Would you advise buying stocks in sectors such as travel, tourism, and airlines that have been badly hit due to the oil shock and Iran-related tensions?

Sectors like travel, tourism, and airlines have been adversely impacted by the oil shock and flight disruptions. While near-term pain persists, this could be an opportune window for bottom-up stock picking in beaten-down names—diversification over concentration makes sense now.

Is this the time for investors to stay calm and rebalance their portfolios?

Ultimately, investors should adhere to the dharma of asset allocation. Corrections are healthy; use them to add to equities in a calibrated, disciplined manner—via SIPs or staggered buys—rather than chasing momentum or sitting on the sidelines entirely.

India remains a long-term growth story; stay calm, rebalance thoughtfully, and let time compound your decisions. There are asset classes like performing credit, arbitrage funds and precious metal funds to consider for appropriate asset allocation.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

‘Rahu Kal’ for markets? Nilesh Shah warns oil spike from Middle East tensions could still sting India

FIIs net sold Rs 6,267 crore in Indian equities on March 11, DIIs net bought shares worth Rs 4,966 crore the same day, Sensex fell 1.72 percent, Nifty dropped 1.63 percent at close

* FIIs net sold Rs 6,267 crore in Indian equities on March 11
* DIIs net bought shares worth Rs 4,966 crore the same day
* Sensex fell 1.72 percent, Nifty dropped 1.63 percent at close

FIIs net sold Rs 6,267 crore in Indian equities on March 11, while DIIs net bought Rs 4,966 crore. Sensex fell 1.72%, Nifty 1.63% amid weak global cues, geopolitical tensions, and broad-based sectoral weakness, especially in midcaps.

shorts/business/fiis-net-sold-rs-6-267-crore-in-equities-while-diis-net-bought-rs-4-966-crore-on-march-11

Foreign investors (FIIs/FPIs) net sold Rs 6,267 crore worth of Indian equities on March 11. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 4,966 crore, according to provisional exchange data.

During the trading session, DIIs purchased shares worth Rs 15,1278 crore and sold shares worth Rs 10,513 crore. In contrast, FIIs bought shares worth Rs 11,109 crore but sold shares totalling Rs 17,074 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 42,523 crore, while DIIs have net bought shares worth Rs 56,192 crore.



At close, the Sensex was down 1,342.27 points or 1.72 percent at 76,863.71, and the Nifty was down 394.75 points or 1.63 percent at 23,866.85.

&quot;Markets plunged sharply on Wednesday, losing over one and a half percent and resuming their corrective phase amid weak global cues and heightened geopolitical tensions. The Nifty opened on a subdued note and remained under persistent selling pressure throughout the session. Although a brief recovery attempt was seen in the latter half, it failed to sustain, and the index eventually settled near the day’s low at the 23,866.85 mark, down by around 1.6%,&quot; said Ajit Mishra – SVP, Research, Religare Broking.

Sectoral participation remained largely negative, reflecting broad-based weakness across the market. Auto, banking, financials and realty were among the key drags, weighing heavily on the benchmark indices. However, selective buying interest was seen in pharma, energy and metal counters, which offered limited support. On the broader front, pressure was visible across the board, particularly in the midcap segment, which declined by nearly 1.5%.

Investor sentiment remained fragile as escalating geopolitical tensions in the Middle East continued to unsettle global markets and push volatility higher.

&quot;Concerns over potential disruptions to crude oil supply, rising inflationary pressures and the possible impact on economic growth kept participants cautious. Additionally, continued foreign institutional investor selling and weakness in the rupee further dampened risk appetite,&quot; Mishra added.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

FIIs net sold Rs 6,267 crore in equities, while DIIs net bought Rs 4,966 crore on March 11

India set to gain from US isolationism and US-China tensions, India's venture ecosystem and investor base have strengthened, Risks include political instability and energy shocks impacting growth

* India set to gain from US isolationism and US-China tensions
* India's venture ecosystem and investor base have strengthened
* Risks include political instability and energy shocks impacting growth

Howard Morgan, CEO of B Capital, says US isolationism and US-China tensions create opportunities for India to expand its global economic role, strengthen supply chains, and rise in global rankings, though risks like political instability and energy shocks remain.

shorts/business/b-capital-s-howard-morgan-sees-india-filling-global-vacuum-created-by-trump-tariffs

Global venture capitalist and CEO of B Capital, Howard Morgan, said India stands to gain structurally from US isolationism under President Donald Trump and the ongoing economic decoupling between the United States and China, creating a “vacuum” that India is increasingly positioned to fill.

Speaking at the India Global Forum in Mumbai, Morgan said the protectionist shift in US policy has opened space for countries like India to expand their global economic role.

“I do buy that,” Morgan said when asked whether current geopolitical tensions could structurally benefit India. “President Trump has very deliberately tried to push the isolationist agenda, and that leaves a hole, a vacuum that India can fill and is filling.”

He added that tensions between the US and China — which he described as likely to remain an economic rather than a military conflict — could further increase India’s importance in global supply chains and economic partnerships.

“Because of the conflict with China, which is hopefully never going to be a hot conflict but certainly an economic conflict, India has a great role to play in that,” Morgan said.

Morgan, whose firm B Capital has invested more than $1.5 billion in India over the past decade, said the country’s venture ecosystem and investor base have strengthened significantly in recent years.

He pointed to stronger public market participation and the growth of early-stage venture capital activity as key developments in the Indian market.

“The early-stage venture market has grown dramatically,” he said. “We’re now starting to be able to realize some of that, which is the most crucial thing in venture — returning capital to investors.”

At the same time, Morgan cautioned that India’s growth trajectory could still face risks.

“Anything could derail it,” he said, citing political instability and energy shocks as potential challenges. A prolonged crisis in West Asia, he noted, could affect India given its reliance on imported oil.

“OIl is a crucial resource for India,” he said. “If the crisis in what we call the Middle East or West Asia lasts too long, that could start to derail.”

Morgan also said venture investors are becoming more cautious in emerging markets and are conducting deeper due diligence on startup finances.

He noted that B Capital increasingly uses artificial intelligence tools to analyse company financial data, including detailed revenue records, to detect irregularities.

“We want to see your detailed financials and every single order,” he said, adding that AI-based analysis has helped identify unusual patterns in some cases.

Despite these risks, Morgan said India’s entrepreneurial momentum and expanding technology ecosystem signal a broader shift in the country’s role in the global economy.

“What makes this different is the spirit,” he said. “India can have a global technology play — more than just being the services arm and customer support for the rest of the world.”

With sustained economic growth, Morgan said India could continue climbing the global economic rankings in the coming years.

“With that GDP growth, you’ll go from number four to number three pretty quickly,” he said.

B Capital's Howard Morgan sees India filling global vacuum created by Trump tariffs

null out of 1 years BSE PSUBNK has given negative returns in March.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	5,060.35	5,146.48	5,195.23	5,011.60	4,925.47	4,876.72	4,790.59
Fibonacci	5,063.12	5,094.96	5,146.48	5,011.60	4,960.08	4,928.24	4,876.72
Camarilla	4,986.58	4,998.95	5,011.31	5,011.60	4,961.86	4,949.49	4,937.13

INDEX CONTRIBUTION - BSE PSUBNK

Net Contribution

MC TechnicalsPRO

Pivot levels

Seasonality analysis

News

Moving Averages
Technical Indicators
Moving Averages Crossovers