Closing Bell: Market a sea of red; BSE Sensex crashes 1,900 pts; Nifty50 slips below 22,500

Indian equity indices ended on a weak note with Nifty finishing just above 22,500 on March 23 amid selling across the sectors. At close, the Sensex was down 1,836.57 points or 2.46 percent at 72,696.39, and the Nifty was down 601.85 points or 2.60 percent at 22,512.65.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Markets witnessed a sharp sell-off on Monday, continuing the prevailing downtrend amid weak global cues and escalating geopolitical tensions. The Nifty opened with a significant gap down following negative global signals and remained under sustained selling pressure throughout the session. Despite minor recovery attempts, the index continued to trade weak and eventually settled near the day’s low at 22,512.65, down by 2.60%.

Sectoral participation was broadly negative, reflecting widespread weakness across the market. All major sectors ended in the red, with realty, metals and banking among the key laggards. The selling pressure was more intense in the broader markets, where both midcap and smallcap indices declined sharply by nearly 4%, indicating strong risk aversion among participants.

Investor sentiment remained extremely fragile amid escalating geopolitical tensions in West Asia, which have once again pushed crude oil prices sharply higher. The spike in oil prices, along with continued foreign institutional investor outflows and weakness in the rupee, significantly dented risk appetite. The sharp rise of nearly 18% in the volatility index, India VIX, clearly reflects the heightened nervousness in the market.

On the index front, the Nifty is showing little respect for support levels despite being in an oversold zone. The next major support to watch lies in the 21,900–22,000 zone, which coincides with the 200 WEMA, followed by 21,700 (the April 2025 low). In case of a recovery, the 22,800–23,000 zone is likely to act as a strong resistance band.

Given the prevailing uncertainty, elevated volatility and continued global headwinds, participants are advised to prefer options spreads over naked positions in the index, while maintaining a selective, stock-specific trading approach.

After showing minor bounce back amidst volatility on Friday, Nifty witnessed another day of bloodbath on Monday and closed the day lower by 601 points. After gap down opening, the market slipped into further weakness and later range bound action for better part of the session. An attempt of bounce back has failed to sustain and Nifty eventually closed near the lows.

A long bear candle was formed on the daily chart with gap down opening. The bearish pattern like lower tops and bottoms continued on the daily chart and present weakness could be in line with the new lower bottom of the sequence. But, there is no confirmation of any lower bottom reversal forming at the lows yet.

The underlying trend of the market continues to be down. Nifty is currently placed at the edge of the support at 22500 (previous opening upside gap of 11 April 2025). Hence, further weakness from here could drag Nifty down to next crucial lower supports of 22000-21800 levels in the near term. Immediate resistance is now placed at 22700-22800 levels.

Today, the Indian stock markets ended sharply lower. Benchmark indices fell heavily during the day, with the Sensex dropping more than 1,800 points intraday and the Nifty 50 closed at 22,512 which is below by 602 points.

The main reason behind the fall was the sharp rise in US bond yields. The US 10 year yield moved to its highest level since mid 2025, strengthening the view that interest rates may stay high for longer. This reduced the appeal of emerging markets like India because global investors preferred dollar assets, leading to continued FPI selling.

The Indian rupee also remained under pressure after recently crossing 93 against USD. It also raises pressure on companies with dollar linked liabilities and can make the RBI more cautious on rate cuts. Prime Minister Narendra Modi said in the Lok Sabha that India has made adequate fertilizer arrangements for the upcoming summer crop season, ensuring there should be no supply issues for farmers during the sowing period. He also stated that India’s economic fundamentals remain strong, highlighting confidence in the country’s macroeconomic stability, growth capacity, and overall resilience despite global uncertainties.

Going ahead, volatility may continue. We should focus on strong large cap companies, businesses with pricing power, low debt, and stable cash flows, while avoiding expensive sectors until rupee, oil and global yields become stable

On the first trading session of the week, the domestic benchmark index Nifty witnessed yet another sharp gap-down opening, largely driven by heightened global uncertainty following the escalation of geopolitical tensions between the US and Iran. The negative sentiment persisted throughout the session, with sustained selling pressure keeping the index firmly in the red for the entire day. Finally, the Nifty ended near 22500 mark, settling with a steep decline of 2.60%. Notably, this marked the lowest closing level since April 2025, and the index formed a long and sizeable bearish candle, clearly reflecting strong downside momentum and risk aversion among market participants.

From a broader perspective, the ongoing correction has been both sharp and time-compressed. From its all-time high, the Nifty is now down by over 14%, with this decline unfolding in just 52 trading sessions, making it one of the steepest falls witnessed in recent periods. Technically, the structure remains weak, as all key moving averages are positioned above the current price, and momentum-based indicators continue to signal strong bearish bias, offering little evidence of near-term stabilization.

On the stock-specific front, Shriram Finance, Titan, and Trent emerged as the top laggards within the Nifty pack, bearing the brunt of heavy selling. In contrast, HCL Technologies and Power Grid managed to buck the broader market weakness to close in the green, emerging as rare gainers amid widespread carnage. From a sectoral standpoint, all major sectoral indices ended the session on a negative note, underscoring the broad-based nature of the sell-off. Among them, Nifty Consumer Durables, Nifty Metal, and Nifty Realty were the worst performers, registering deep losses.

Adding to the cautious undertone, the volatility index, India VIX, surged by over 17% during the session, indicating a significant spike in fear and uncertainty. The VIX closed at its highest level since June 2024, highlighting elevated risk perception and nervousness among market participants.

The weakness was not confined to frontline indices alone. The broader market witnessed severe damage, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices ending the day lower by over 3.9% each. Market breadth remained decisively negative, as reflected in the Advance–Decline ratio, which was heavily skewed in favour of decliners. Out of the Nifty 500 universe, only 15 stocks managed to close in positive territory, underlining the intensity and widespread nature of the sell-off across market capitalizations.

Nifty View

Going ahead, the zone of 22650–22680 will act as an immediate hurdle for the Nifty. As long as the index trades below 22680, the bearish bias is likely to persist, with downside potential towards 22350, followed by 22200 in the short term. However, a decisive move above 22680 could lead to a recovery towards the next resistance at 22850, though such a move may remain corrective unless sustained.

Bank Nifty View

The banking benchmark Bank Nifty also witnessed a sharp sell-off on Monday, notably underperforming the frontline indices. The index closed below the 51500 mark, registering a steep loss of 3.72%, and formed a large bearish candle, indicating strong selling pressure.

From its all-time high, Bank Nifty is now down by nearly 17% in just 33 trading sessions, marking one of the sharpest corrections in recent times. Technically, the set-up remains weak, with all key indicators pointing towards sustained bearish momentum.

Looking ahead, the 51900–52000 zone will act as an immediate resistance. As long as the index stays below 52000, the downside risk is likely to persist, with the index expected to test 50700, followed by the psychological 50000 level in the short term.

Domestic markets witnessed a sharp decline, mirroring weakness across Asian markets amid escalating tensions in the Middle East and concerns over potential disruptions to global energy supplies. Investor sentiment turned cautious following Trump’s 48-hour ultimatum to Iran on the Strait of Hormuz.

Rising global bond yields signalled heightened inflation and fiscal concerns, while the rupee falling to a record low further pressured markets and triggered FII outflows. Broad-based selling was observed across sectors, with metals, realty, and consumer durables leading the losses, and mid- and small-cap stocks underperforming.

In the near term, markets are likely to remain risk-averse until there is greater clarity on de-escalation, though the correction is offering selective long-term opportunities for investors.

Nifty witnessed a sharp sell-off today, closing at 22,500, down nearly 600 points, reflecting continued risk-off sentiment across markets. The intensity of the decline suggests that selling pressure remains dominant, with participants reducing exposure amid heightened uncertainty.

From a technical perspective, the index is now approaching the 22,200–22,000 support zone, which could act as the next important demand area. However, the current structure indicates that any pullbacks may face resistance as confidence remains fragile.

Market behaviour at this stage is being driven more by sentiment than fundamentals, and sharp moves in either direction cannot be ruled out.

In such an environment, traders should prioritise capital preservation, avoid aggressive positioning, and remain disciplined, as volatility is likely to stay elevated in the near term.

The rupee traded sharply weaker below 93.95, declining by 0.37%, as escalating tensions in West Asia continue to weigh heavily on the currency. Rising crude oil prices have significantly weakened sentiment, with India’s position as a net importer leading to higher outflows and a widening import bill.

Sustained elevated crude levels are likely to push inflation higher, which in turn may impact growth projections negatively, adding further pressure on the rupee. The macro backdrop remains fragile, and currency weakness is expected to persist as long as geopolitical tensions and energy prices remain elevated.

In the near term, the rupee is expected to trade within a weak range of 93.25–94.25, with sentiment likely to remain negative until any meaningful de-escalation emerges.

Indian rupee ended at fresh record closing low at 93.97 per dollar on Monday versus Friday's close of 93.70.

Indian equity indices ended on a weak note with Nifty finishing just above 22,500 on March 23 amid selling across the sectors.

At close, the Sensex was down 1,836.57 points or 2.46 percent at 72,696.39, and the Nifty was down 601.85 points or 2.60 percent at 22,512.65. About 592 shares advanced, 3654 shares declined, and 114 shares unchanged.

Biggest Nifty losers were Shriram Finance, Trent, UltraTech Cement, Titan Company, Jio Financial, while gainers were HCL Technologies, ONGC, Power Grid Corp, Infosys.

All the sectoral indices ended in the red with realty, capital goods, consumer durables, metal, telecom, PSU Bank shed 4-5%, while auto, energy, media, private bank, oil & gas down 3% each.

Nifty Midcap and smallcap indices slipped nearly 4% each.

#1 Paints business targeting Rs 10,000 crore revenue in 3 years post full launch

#2 B2B e-commerce platform scaling to solve procurement inefficiencies

#3 Focus on high-value chemicals & cellulose (lyocell expansion underway)

Grasim Industries was quoting at Rs 2,537.75, down Rs 77.55, or 2.97 percent. It has touched an intraday high of Rs 2,609.55 and an intraday low of Rs 2,504.35. It was trading with volumes of 46,954 shares, compared to its five day average of 67,953 shares, a decrease of -30.90 percent.

#1 Healthy loan growth across segments, strong liability franchise

#2 Margin stable, repricing to drive near-term movement

#3 Strong asset quality, credit cost guided at 45–50 bps

#4 Operating leverage to support profitability

ICICI Bank was quoting at Rs 1,224.60, down Rs 20.95, or 1.68 percent.

It has touched a 52-week low of Rs 1,218.

It has touched an intraday high of Rs 1,239.20 and an intraday low of Rs 1,218.

It was trading with volumes of 451,426 shares, compared to its five day average of 912,288 shares, a decrease of -50.52 percent.

#1 EPS CAGR around 28.5 percent for FY26–28

#2 Capacity addition of 2,240 beds, up +43 percent, largely brownfield

#3 Faster ramp-up, scale benefits & strong occupancy drivers (CGHS inflow)

#1Sharp tax hikes create demand and margin uncertainty

#2 Stock down around 25 percent YTD

#3 Near-term trigger: pricing actions & volume/EBIT trends

ITC was quoting at Rs 290.60, down Rs 9.30, or 3.10 percent.

It has touched a 52-week low of Rs 289.60.

It has touched an intraday high of Rs 301.40 and an intraday low of Rs 289.60.

It was trading with volumes of 1,276,170 shares, compared to its five day average of 1,443,798 shares, a decrease of -11.61 percent.

#1 Chairman exit seen as strategic difference, not governance issue

#2 Likely valuation multiple compression

#3 Performance improvement needed to offset sentiment impact

HDFC Bank was quoting at Rs 742, down Rs 38.45, or 4.93 percent.

It has touched a 52-week low of Rs 742.

It has touched an intraday high of Rs 768.30 and an intraday low of Rs 742.

It was trading with volumes of 3,686,261 shares, compared to its five day average of 3,163,725 shares, an increase of 16.52 percent.

QIB – 0.62 times

NII - 0.08 times

Retail – 0.16 times

Employee Reserved - 0.09 times

Reservation PortionShareholder - 0.17 times

Overall – 0.25 times

The sharp sell-off in Indian equity markets is driven by the escalating US-Iran geopolitical conflict, with threats to the Strait of Hormuz, a critical artery for over 20% of global oil supplies, intensifying after President Trump's 48-hour ultimatum and Iran's warnings of retaliatory strikes on energy infrastructure, pushing Brent crude prices firmly above $110-113 per barrel. This surge exacerbates imported inflation for oil-dependent India, eroding corporate profitability, pressuring the rupee to record lows around 93.84-93.86 against the dollar, and amplifying sustained foreign institutional investor outflows amid global risk aversion, leading to broad-based erosion of investor confidence and substantial market capitalization losses in the near term.

Sectoral impact remains pronounced and widespread: energy and oil marketing companies face direct margin compression from elevated crude costs, while auto, consumer durables, paints, chemicals, and aviation sectors suffer from higher input/fuel expenses and subdued demand outlook; banking and financials contend with potential slowdown in credit growth due to inflation and rupee pressures; metals and realty endure heavy selling from broader risk-off flows.

The sell-off is most acute in import-sensitive and cyclical segments. While long-term fundamentals for quality domestic-focused businesses hold firm, the current mix of prolonged energy cost inflation, stagflationary risks, and absent near-term de-escalation signals calls for a highly cautious, defensive approach prioritizing capital preservation until stabilization in oil prices and geopolitical tensions materializes.

Indian rupee has extended the downfall and trading near 94 per dollar. It is trading lower by 20 paise at 93.96 per dollar versus Friday's close of 93.70.

The Sensex was down 1,594.40 points or 2.14 percent at 72,938.56, and the Nifty was down 536.05 points or 2.32 percent at 22,578.45. About 522 shares advanced, 3569 shares declined, and 108 shares unchanged.

The board of directors of Vedanta at its meeting held on March 23, 2026, has approved the third interim dividend of Rs 11 per equity share on face value of Re 1 per equity share for the Financial Year 2025-26 amounting to Rs 4,300 crores.

Vedanta was quoting at Rs 640.60, down Rs 32.00, or 4.76 percent.

It has touched an intraday high of Rs 661.55 and an intraday low of Rs 634.50.

It was trading with volumes of 1,307,245 shares, compared to its five day average of 563,397 shares, an increase of 132.03 percent.

In the previous trading session, the share closed up 1.12 percent or Rs 7.45 at Rs 672.60.

The share touched a 52-week high of Rs 770.00 and a 52-week low of Rs 362.20 on 29 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 16.81 percent below its 52-week high and 76.86 percent above its 52-week low.

Market capitalisation stands at Rs 250,499.46 crore.

The Strait of Hormuz and the Middle East has become analogous to the central four squares of a chess board. The efforts of both sides to gain control and maintain or stop Oil & Gas flows through it are making the global markets jittery.

Oil prices are now at levels which can make the global economy struggle. Many economies would falter if the prices sustain at these levels. Even worse is the issue of supplies. Countries might be willing to pay the price but without the fuel supplies, the situation becomes very grim.

Stock markets are crashing, bond yields are rising, gold and silver are crashing, indicating global uncertainty. Global economy is likely to slowdown significantly, while inflation is likely to rise.

The previous view where most Central Banks across the globe, from the Fed to the RBI, were likely to cut interest rates in 2026 is completely negated due to this war. The Fed rate hike prospects have made the FIIs turn to a risk-off mode and thus driving sales in all equity markets across the globe.

Overall market segment is negative. Remember what Prem Watsa (Warren Buffett of Canada) said: Buy when you hear the sound of canons. Sell when you hear the sound of trumpets.

#1 Stock down around 45 percent from peak, underperformed peers

#2 Higher exposure to travel & West Asia seen as key risks

#3 Current valuations at 19x/15x FY27/28 P/E imply extreme bear case

Indian equity markets are positioning for a volatile derivatives expiry on Tuesday, as concerns over an escalation in the Iran conflict worsen sentiment and lift demand for costly hedges against market swings, reported Reuters.

US President Donald Trump has set a Monday deadline of around 2345 GMT (0515 IST, Tuesday) for Tehran to reopen the Strait of Hormuz or face potential strikes on its power infrastructure. Iran has warned it would respond by targeting energy and water assets across the Gulf.

At-the-money options on the Nifty 50 maturing on Tuesday imply a move of more than 2%, well above typical levels seen before expiry days, signalling investors are preparing for outsized swings, brokerages said.

All the broader market indices fell sharply on March 23, mirroring the losses in their benchmark peers. The Nifty mid-cap and small-cap indices fell around 4% each, with all of them hitting around six-month lows.

The Nifty Smallcap 250, which hit a six-month low of 14,183.90 points, was weighed down by shares of Aarti Industries and Anant Raj. These stocks fell over 5% each. The Nifty Smallcap 100 notched a six-month low of 15,027.60 points as well, dragged down by the shares of Brainbees Solutions, which plunged over 10%. The stock was the worst hit stock among Nifty 500 constituents.

The Nifty Midcap 50 index fell to its lowest level in six months at 14,976.05. Shares of Muthoot Finance were the major drag on the index. Shares of the gold loan provider fell nearly 8% amid a sharp fall in prices of gold.

Trent was quoting at Rs 3,393.00, down Rs 172.35, or 4.83 percent.

It has touched a 52-week low of Rs 3,365.70.

It has touched an intraday high of Rs 3,503.85 and an intraday low of Rs 3,365.70.

It was trading with volumes of 43,588 shares, compared to its five day average of 36,545 shares, an increase of 19.27 percent.

In the previous trading session, the share closed up 2.41 percent or Rs 83.75 at Rs 3,565.35.

Market capitalisation stands at Rs 120,616.90 crore.

The Sensex was down 1,548.06 points or 2.08 percent at 72,984.90, and the Nifty was down 516.95 points or 2.24 percent at 22,597.55. About 482 shares advanced, 3592 shares declined, and 93 shares unchanged.

#1 Key concerns: oil impact on growth, inflation, asset quality

#2 Debate: PSU vs private banks, rate cycle outlook

QIB – 0.62 times

NII - 0.07 times

Retail – 0.15 times

Employee Reserved - 0.09 times

Reservation PortionShareholder - 0.17 times

Overall – 0.24 times

#1 Retains ‘buy’ rating on Paytm, target price at Rs 1,350

#2 Retains ‘buy’ rating Pine Labs, target price at Rs 260

#3 Targeting 20 percent+ revenue growth with margin expansion via operating leverage

#4 Growth led by lending, merchant network expansion, new segments

#5 Stocks down 20–30 percent YTD, higher sensitivity to contribution margins

Pine Labs was quoting at Rs 161.15, down Rs 3.35, or 2.04 percent. The share touched a 52-week high of Rs 283.70 and a 52-week low of Rs 155.80 on 14 November, 2025 and 18 March, 2026, respectively. Currently, the stock is trading 43.2 percent below its 52-week high and 3.43 percent above its 52-week low. Market capitalisation stands at Rs 18,504.47 crore.

Sun Pharmaceutical Industries announced the launch of its semaglutide injection under the brand names Noveltreat and Sematrinity in India, in all strengths.

Sun Pharmaceutical Industries was quoting at Rs 1,767.10, down Rs 10.35, or 0.58 percent. It has touched an intraday high of Rs 1,772.90 and an intraday low of Rs 1,753.15. It was trading with volumes of 36,073 shares, compared to its five day average of 84,987 shares, a decrease of -57.55 percent.

Vedanta was quoting at Rs 636, down Rs 36.60, or 5.44 percent.

It has touched an intraday high of Rs 661.55 and an intraday low of Rs 635.

It was trading with volumes of 1,128,032 shares, compared to its five day average of 563,397 shares, an increase of 100.22 percent.

In the previous trading session, the share closed up 1.12 percent or Rs 7.45 at Rs 672.60.

The share touched a 52-week high of Rs 770 and a 52-week low of Rs 362.20 on 29 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 17.4 percent below its 52-week high and 75.59 percent above its 52-week low.

Market capitalisation stands at Rs 248,700.68 crore.

Hindustan Zinc has strengthened its longstanding association with Tata Steel to expand the integration of EcoZen, its lowcarbon zinc solution into sustainable steel manufacturing.

Hindustan Zinc was quoting at Rs 486.50, down Rs 28.30, or 5.50 percent. It has touched an intraday high of Rs 499.55 and an intraday low of Rs 484. It was trading with volumes of 596,758 shares, compared to its five day average of 315,204 shares, an increase of 89.32 percent.

Tata Steel was quoting at Rs 187.10, down Rs 9.60, or 4.88 percent. It has touched an intraday high of Rs 193.35 and an intraday low of Rs 186.70. It was trading with volumes of 1,037,640 shares, compared to its five day average of 4,114,690 shares, a decrease of -74.78 percent.

Bosch and Tata AutoComp Systems announced a joint venture to unlock growth opportunities in India’s e-mobility segment. The partners plan to hold equal shares in the joint venture, which aims to start its operations by mid-2026, subject to receiving all regulatory approvals.

Bosch was quoting at Rs 29,355.00, down Rs 1,049.90, or 3.45 percent. It has touched an intraday high of Rs 30,499 and an intraday low of Rs 29,300.

Kotak Mahindra Bank has moved a step nearer to purchasing the Indian retail arm of Deutsche Bank, in a transaction estimated at roughly Rs 4,500 crore, after emerging as the frontrunner bidder.

According to a report in the Economic Times, the agreement could be finalized and publicly disclosed as early as next week, though those involved declined to be identified due to the confidential nature of the talks.

The potential deal covers a retail portfolio worth nearly Rs 27,000 crore, spanning home and personal loans, MSME financing, deposits from individual customers, and wealth management assets. Of this, the wealth segment alone is pegged at about Rs 7,000 crore, while the majority of the book is driven by retail and MSME lending.

The net asset value of Deutsche Bank India’s retail unit—after liabilities—is estimated at approximately Rs 4,300 crore.

HDFC Bank is currently navigating a leadership transition following the resignation of Chairman Atanu Chakraborty, who cited differences related to personal values, ethics, and certain internal practices.

In a related development, the bank has terminated three senior executives in connection with lapses identified at its Dubai branch. The Reserve Bank of India has since clarified that there are no material concerns regarding the bank's conduct, governance, or financial position.

Keki Mistry has been appointed as the interim non-executive chairman for a period of three months to ensure continuity during this phase.

HDFC Bank was quoting at Rs 747.80, down Rs 32.65, or 4.18 percent. It has touched a 52-week low of Rs 745.40. It has touched an intraday high of Rs 768.30 and an intraday low of Rs 745.40.

Devyani International board approved the investment of ~ THB 1,210 million (~Rs 3,473 million) in Restaurants Development Co, through Devyani International DMCC and Yellow Palm Co.

The investment from DID and Yellow will be used by RD partially to retire DID debt amounting to THB 810 million (~Rs 2,325 million) and remaining shall be utilized to fund its working capital and capex

requirements. Hence, the net investment by the Group is ~THB 400 million (~Rs 1,148 million).

Devyani International was quoting at Rs 98.45, down Rs 5.55, or 5.34 percent.

It has touched a 52-week low of Rs 98.45.

It has touched an intraday high of Rs 104.15 and an intraday low of Rs 98.45.

It was trading with volumes of 119,255 shares, compared to its five day average of 98,445 shares, an increase of 21.14 percent.

Tata Motors Passenger Vehicles (TMPV) today announced a price increase for its passenger vehicle (ICE) portfolio, effective 1st April 2026. This revision is being undertaken to partially offset the continued increase in input costs. The weighted average price increase will be 0.5 % of ICE portfolio and the extent will vary across models and variants.

Tata Motors Passenger Vehicles was quoting at Rs 304.80, down Rs 9.35, or 2.98 percent.

It has touched a 52-week low of Rs 304.20.

It has touched an intraday high of Rs 311.30 and an intraday low of Rs 304.20.

It was trading with volumes of 843,043 shares, compared to its five day average of 858,768 shares, a decrease of -1.83 percent.

#1 Oil price shock to alter industry dynamics structurally

#2 Supply constraints likely in coming quarters

#3 Focus shifting to cost control & balance sheet strength

#4 Earnings estimates cut sharply (FY26–28) due to fuel + weak West Asia traffic

Nazara Technologies was quoting at Rs 218.30, down Rs 17.15, or 7.28 percent.

It has touched a 52-week low of Rs 216.35.

It has touched an intraday high of Rs 233.05 and an intraday low of Rs 216.35.

It was trading with volumes of 51,867 shares, compared to its five day average of 19,281 shares, an increase of 169.00 percent.

In the previous trading session, the share closed down 2.71 percent or Rs 6.55 at Rs 235.45.

#1 Amit Paithankar resigns as CEO of the company w.e.f. March 20, 2026

#2 Board appoints Jignesh Rathod as new CEO w.e.f. March 21, 2026

#3 Board appoints Abhishek Pareek as new CFO w.e.f. March 21, 2026

#1 Strong tech moat via high-efficiency solar cells

#2 Fast ramp-up (4–6 months versus peers’ 12–18 months)

#3 Innovation-led differentiation (advanced cell tech)

Premier Energies was quoting at Rs 862.10, down Rs 3.15, or 0.36 percent. It has touched an intraday high of Rs 870.90 and an intraday low of Rs 843.30. It was trading with volumes of 123,916 shares, compared to its five day average of 0 shares, a decrease of percent.

Gold ETFs have stayed in vogue this year, lifted by a sustained rally in global gold, but are now seeing whipsaw moves and occasional sharp corrections as macro signals shift and investors trim positions.

Gold ETF prices track domestic gold, which in turn follows global bullion, the dollar–rupee rate, and investors’ appetite for a “safe‑haven” hedge amid inflation, geopolitical tensions, and expectations around interest rates. Recently, rising bond yields, a stronger dollar, and profit‑taking after a strong run have triggered drawdowns, while bouts of risk‑off sentiment have pulled prices back up.

For most investors, gold ETFs make sense as a disciplined, long‑term diversifier—typically around 5–10% of the portfolio—rather than a tactical bet on price swings. Accumulate in small tranches, prefer funds with low expense ratios and tight tracking to physical gold, and avoid panic selling; the real benefit is downside cushioning and portfolio stability, not jumping in and out of rallies.

Coforge was quoting at Rs 1,096.00, up Rs 6.55, or 0.60 percent.

It has touched an intraday high of Rs 1,101.70 and an intraday low of Rs 1,065.10.

It was trading with volumes of 322,521 shares, compared to its five day average of 198,951 shares, an increase of 62.11 percent.

In the previous trading session, the share closed down 0.26 percent or Rs 2.80 at Rs 1,089.45.

The share touched a 52-week high of Rs 1,994 and a 52-week low of Rs 1,008.50 on 08 July, 2025 and 17 March, 2026, respectively.

Currently, the stock is trading 45.04 percent below its 52-week high and 8.68 percent above its 52-week low.

Market capitalisation stands at Rs 36,803.70 crore.

Adani Enterprises was quoting at Rs 1,827.95, down Rs 99.40, or 5.16 percent.

It has touched a 52-week low of Rs 1,826.15.

It has touched an intraday high of Rs 1,912.05 and an intraday low of Rs 1,826.15.

It was trading with volumes of 119,538 shares, compared to its five day average of 82,542 shares, an increase of 44.82 percent.

Market capitalisation stands at Rs 229,934.29 crore.

Ashok Leyland was quoting at Rs 161.35, down Rs 7.55, or 4.47 percent.

It has touched an intraday high of Rs 167.20 and an intraday low of Rs 161.20.

It was trading with volumes of 591,190 shares, compared to its five day average of 877,646 shares, a decrease of -32.64 percent.

In the previous trading session, the share closed up 0.18 percent or Rs 0.30 at Rs 168.90.

The share touched a 52-week high of Rs 215.35 and a 52-week low of Rs 95.20 on 11 February, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 25.08 percent below its 52-week high and 69.49 percent above its 52-week low.

Market capitalisation stands at Rs 94,774.64 crore.

#1 Loss ratio expected to improve around 200 bps by FY28

#2 Driven by pricing hikes, better underwriting

#3 Additional levers: Automation, hospital tie-ups, registry

#4 Valuation attractive versus 21 percent EPS CAGR

QIB – 0.00 times

NII - 0.07 times

Retail – 0.14 times

Employee Reserved - 0.08 times

Reservation PortionShareholder - 0.16 times

Overall – 0.10 times

Voltas was quoting at Rs 1,231.70, down Rs 92.40, or 6.98 percent.

It has touched an intraday high of Rs 1,323.95 and an intraday low of Rs 1,230.80.

It was trading with volumes of 28,624 shares, compared to its five day average of 82,565 shares, a decrease of -65.33 percent.

In the previous trading session, the share closed down 1.82 percent or Rs 24.55 at Rs 1,324.10.

The share touched a 52-week high of Rs 1,582.00 and a 52-week low of Rs 1,172.20 on 27 February, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 22.14 percent below its 52-week high and 5.08 percent above its 52-week low.

Market capitalisation stands at Rs 40,755.07 crore.

The Sensex was down 1,742.58 points or 2.34 percent at 72,790.38, and the Nifty was down 563.30 points or 2.44 percent at 22,551.20. About 486 shares advanced, 3469 shares declined, and 107 shares unchanged.

Central Mine Planning & Design Institute Limited (CMPDIL), a subsidiary of Coal India, is a government-backed mining consultancy with a strong ~61% market share. The company operates across the entire mining lifecycle and benefits from high entry barriers, strong parentage, and long-standing government relationships. It has delivered robust financial performance, with ~23% revenue CAGR, healthy EBITDA margins of 40%+, and zero debt, reflecting strong operational efficiency.

With solid return ratios (RoE ~36.7%) and stable cash flows, CMPDIL stands well-positioned within the PSU ecosystem. While it remains largely aligned with the coal sector, ongoing diversification efforts add to its long-term potential. Overall, the IPO appears fairly priced and offers a stable opportunity for investors seeking consistent and relatively predictable returns.

Apollo Hospitals Enterprises was quoting at Rs 7,112.45, down Rs 250.75, or 3.41 percent.

It has touched an intraday high of Rs 7,412.00 and an intraday low of Rs 7,082.50.

It was trading with volumes of 2,502 shares, compared to its five day average of 13,481 shares, a decrease of -81.44 percent.

In the previous trading session, the share closed up 1.39 percent or Rs 100.85 at Rs 7,363.20.

The share touched a 52-week high of Rs 8,099.00 and a 52-week low of Rs 6,432.10 on 23 October, 2025 and 28 March, 2025, respectively.

Currently, the stock is trading 12.18 percent below its 52-week high and 10.58 percent above its 52-week low.

Market capitalisation stands at Rs 102,266.12 crore.

Indian rupee is trading lower by 20 paise at 93.91 per dollar versus Friday's close of 93.70.

Vikram Solar announced the appointment of Sameer Nagpal as its Chief Executive Officer (CEO), effective immediately.

Vikram Solar was quoting at Rs 188.05, down Rs 4.40, or 2.29 percent. It has touched an intraday high of Rs 192.90 and an intraday low of Rs 186.90. In the previous trading session, the share closed up 1.72 percent or Rs 3.25 at Rs 192.45.

The share touched a 52-week high of Rs 407.85 and a 52-week low of Rs 162.15 on 10 September, 2025 and 27 February, 2026, respectively. Currently, the stock is trading 53.89 percent below its 52-week high and 15.97 percent above its 52-week low. Market capitalisation stands at Rs 6,813.62 crore.

The company has informed that N Muralidharan has stepped down as Chief Financial Officer and M Raman as Company Secretary and Compliance Officer of the company.

The board of directors approved the appointment of A R Balaji as Chief Financial Officer and P Srinivasan as Company Secretary and Compliance Officer (Key Managerial Personnel) of the company with effect from April 1, 2026.

Chemplast Sanmar was quoting at Rs 269.25, down Rs 11.10, or 3.96 percent.

It has touched an intraday high of Rs 278.55 and an intraday low of Rs 264.85.

It was trading with volumes of 8,737 shares, compared to its five day average of 21,831 shares, a decrease of -59.98 percent.

State Bank of India has received an order from Income Tax department demanding Rs 63,37,52,52,550/- (including interest) pursuant to the scrutiny assessment proceedings conducted for AY 2023-24.

State Bank of India was quoting at Rs 1,020.50, down Rs 37.90, or 3.58 percent.

It has touched an intraday high of Rs 1,040.00 and an intraday low of Rs 1,014.00.

It was trading with volumes of 512,755 shares, compared to its five day average of 759,416 shares, a decrease of -32.48 percent.

State Bank of India has received an order of the Income Tax Act from the Assessment Unit, Income Tax department, demanding Rs 63,37,52,52,550/- (including interest) pursuant to the scrutiny

assessment proceedings conducted for AY 2023-24.

The sharp dip in gold prices is a ripple effect of the ongoing tensions in West Asia and the impact has severely hit global economy. The disrupted oil supply has led to a rise in the price of crude, which is being perceived as a major inflationary trigger along which will drive cautiousness among the Central Banks. As a result, interest rates to see a rise and directly impact the domestic consumption. Parallelly, the strengthening of the USD is also pushing investors away from investing into the yellow metal.

While the long-term outlook of the yellow metal continues to remain positive, both international and domestic economies are going to see strong tremors due to the conflict and gems & jewellery exports will be impacted the most. We are hopeful that the tension will settle down and the economies will get back on track.

#1 GLP-1 generics rollout has begun with sharp price cuts

#2 Full Semaglutide portfolios not yet available

#3 Torrent leads in oral Semaglutide, Zydus strong in device differentiation

HDFC Bank, India's largest private lender and the heaviest-weighted stock in the benchmarks, fell about 2.5% after sliding 7.4% in two sessions following the abrupt resignation of part-time chairman Atanu Chakraborty.

Shares of State Bank of India fell 3.6% after the lender got a Rs 6,337-crore tax demand from the Income Tax Department for the assessment year 2024.

India's equity volatility index, a measure of the market's expected volatility over the next 30 days, jumped nearly 15% to 26.1, its highest since early June 2024.

The Sensex was down 1,821.18 points or 2.44 percent at 72,711.78, and the Nifty was down 586.60 points or 2.54 percent at 22,527.90. About 513 shares advanced, 3313 shares declined, and 129 shares unchanged.

#1 India demand resilient despite high gold prices

#2 Mena business may face near-term pressure

#3 Store expansion, margin improvement & deleveraging intact

QIB – 0.00 times

NII - 0.07 times

Retail – 0.13 times

Employee Reserved - 0.07 times

Reservation PortionShareholder - 0.15 times

Overall – 0.09 times

Sula Vineyards was quoting at Rs 146.45, down Rs 6.25, or 4.09 percent.

It has touched a 52-week low of Rs 146.45.

It has touched an intraday high of Rs 151 and an intraday low of Rs 146.45.

It was trading with volumes of 14,667 shares, compared to its five day average of 31,990 shares, a decrease of -54.15 percent.

Adani Green Energy through its various stepdown subsidiaries has operationalized an aggregate 510.1 MW power projects at Khavda, Gujarat.

With commissioning of these plants, AGEL’s total operational renewable generation capacity has increased to 17,982.3 MW.

#1 Q3 impacted by regulatory issues, recovery expected in Q4

#2 Premiumisation to around 50 percent mix by FY28

#3 Margin expansion to 17–18 percent from around 13 percent, supported by cost tailwinds

Allied Blenders & Distillers was quoting at Rs 394.25, down Rs 12.30, or 3.03 percent. It has touched an intraday high of Rs 406 and an intraday low of Rs 393.25. It was trading with volumes of 7,630 shares, compared to its five day average of 215,858 shares, a decrease of -96.47 percent.

Indian rupee is trading near the record low at 93.91 per dollar versus Friday's close of 93.70.

Titan Company was quoting at Rs 3,935.15, down Rs 173.05, or 4.21 percent.

It has touched an intraday high of Rs 4,070.45 and an intraday low of Rs 3,915.40.

It was trading with volumes of 17,327 shares, compared to its five day average of 39,036 shares, a decrease of -55.61 percent.

In the previous trading session, the share closed up 1.80 percent or Rs 72.50 at Rs 4,108.20.

The share touched a 52-week high of Rs 4,379.95 and a 52-week low of Rs 2,947.55 on 11 February, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 10.16 percent below its 52-week high and 33.51 percent above its 52-week low.

Market capitalisation stands at Rs 349,357.17 crore.

Ceigall Infra Projects, a wholly oOwned subsidiary of Ceigall India has emerged as the L1 bidder by the National Highways

Authority of India for a project of Rs 603 crore.

Ceigall India was quoting at Rs 262.35, down Rs 8.30, or 3.07 percent.

It has touched an intraday high of Rs 275.90 and an intraday low of Rs 261.85.

It was trading with volumes of 11,311 shares, compared to its five day average of 70,392 shares, a decrease of -83.93 percent.