Closing Bell: Nifty below 24,900, Sensex slips 1,048 pts on rising middle east tension

Indian benchmark indices ended lower on March 2 with Nifty below 24,900 on the back of rising geopolitical tension. At close, the Sensex was down 1,048.34 points or 1.29 percent at 80,238.85, and the Nifty was down 312.95 points or 1.24 percent at 24,865.70.

We wrap up today's edition of the Moneycontrol live market blog, and will be back Wednesday 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 sharp selling pressure on Monday, losing over a percent amid weak global cues and rising geopolitical tensions. The Nifty opened with a gap down following negative global signals and extended its losses during the session as selling intensified across sectors. However, a recovery in the final hour helped trim some losses, and the index eventually settled at 24,865.70.

The decline was largely broad-based. Auto, realty and energy stocks were among the major drags, while only a handful of defensive names and the metal space showed some resilience. Broader markets also came under pressure, with both midcap and smallcap indices slipping by more than one and a half percent, indicating widespread caution among participants.

Investor sentiment deteriorated sharply after escalating tensions in the Middle East triggered a surge in crude oil prices and heightened global uncertainty. The spike in oil raised concerns about inflation, currency pressure and India’s import bill, which weighed on equities. Volatility also increased as participants reduced exposure amid fears of further geopolitical escalation.

From a technical perspective, the sharp decline has pushed the Nifty closer to its swing low around the 24,600 level, and a decisive break below this could extend the correction towards the 24,400 mark. On the upside, the 25,000–25,250 zone is likely to act as an immediate hurdle in case of any recovery. Given the heightened volatility and global uncertainty, we reiterate our advice to maintain a cautious stance, keep position sizes light and focus on disciplined risk management.

On Monday, domestic equity markets opened on a distinctly negative note, with the benchmark Nifty50 witnessing a sharp gap down start as escalating geopolitical tensions between the US and Iran weighed heavily on global sentiment. The index attempted a swift intraday recovery, staging a pullback within the first minute and briefly touching the day’s high of 24,989. However, the rebound lacked follow through, and the index soon resumed its downward trajectory.

Nifty slipped below the low of its opening candle, signalling sustained selling pressure throughout the session. Yet, in the final hour, markets saw another round of short covering that helped trim a portion of the losses. Ultimately, the index settled at 24866, down 1.24%.

Technically, the index found temporary support near the Union Budget low. However, the broader structure remains vulnerable as Nifty continues to trade below key short-term moving averages. The daily RSI falling below the 40 mark further confirms weakening momentum and a tilt towards bearish bias.

Among the Nifty constituents, Bharat Electronics and Hindalco Industries emerged as the top gainers, bucking the market trend. On the flip side, Indigo and Larsen & Toubro were the notable laggards, dragging the index lower.

The volatility index, India VIX, surged by 25 percent, signalling a sharp spike in overall market volatility. Sectorally, the market breadth was largely negative. Except Nifty Metal and Nifty Pharma, all major sectoral indices ended in the red. The worst performers were Nifty Consumer Durables and Nifty Oil & Gas, which saw steep declines amid broad-based selling pressure.

The weakness also spilled over into the broader markets. Both the Midcap and Smallcap indices closed lower, and the Advance/Decline ratio turned decisively in favour of decliners. Within the Nifty 500 universe, 439 stocks ended the day in the negative, indicating that the sell-off was widespread rather than index-specific.

Nifty View

Going ahead, the zone of 24730–24700 levels will act as important support for the index. A decisive break down below 24700 may open the doors for a deeper correction, with the next downside level seen near 24550, where intermediate support is placed.

On the upside, the 24950–25000 zone will act as a stiff resistance, as it aligns with the psychological 25000 mark as well as short term supply levels. Any sustained move above 25000 will be essential for the index to regain bullish momentum and attempt a recovery after the recent sell off.

Bank Nifty View

The Bank Nifty also opened with a sharp gap down on Monday, mirroring the weak tone across the broader market. The index, however, found support near its 100-day EMA, which triggered a steady rebound through the session. Despite the early sell-off, Bank Nifty managed to trim losses and eventually closed at 59840, down 1.14%.

Going forward, the support zone of 59400–59300 will be crucial for the index. A sustained move below 59300 may accelerate the decline toward 58800, followed by 58300. On the upside, the region between 60300–60400 will act as the immediate hurdle. A decisive move above 60400 will be essential for the index to regain momentum.

Amid escalating war-related developments, Nifty witnessed a highly volatile session today. The index opened with a sharp gap-down of nearly 400 points but quickly recovered close to 200 points, reflecting aggressive intraday dip buying. However, volatility persisted through the session with sharp swings on both sides, and Nifty eventually closed at 24,850, down about 330 points.

The price action highlights the fragile sentiment currently dominating markets. Technically, immediate resistance is placed around the 25,100 zone, while support is seen in the 24,550–24,600 range. A sustained break below this support band could extend downside pressure, while reclaiming resistance is necessary for any short-term stabilisation.

Given the heightened geopolitical uncertainty, traders should remain cautious and avoid leveraged positions. In such environments, markets can swing sharply in either direction, making disciplined risk management more important than directional conviction.

Indian equities ended the session on a cautious note, with the Nifty witnessing volatility through the day as escalating geopolitical tensions weighed on investor sentiment. The ongoing war-related developments have kept global risk appetite fragile, particularly with crude oil prices inching higher. A sustained rise in oil remains a key monitorable for India, given its implications on inflation, fiscal math, and corporate margins.

From a sectoral standpoint, oil marketing companies and paint manufacturers faced pressure on concerns over input cost inflation, while aviation stocks also saw some profit-taking amid fears of elevated ATF prices. On the other hand, upstream energy names provided some support to the index, tracking firm crude prices. Defensive pockets such as FMCG and select pharma counters saw relative outperformance as investors sought stability amid uncertainty.

Despite near-term headwinds, domestic macros remain resilient, supported by steady earnings expectations and sustained SIP inflows. However, we expect markets to remain headline-driven in the near term, with crude trajectory and geopolitical cues likely to dictate sentiment. Investors should stay selective and focus on quality balance sheets and earnings visibility.

Today, the Indian equity markets ended lower as investors turned cautious amid rising global tensions and negative domestic news flow.

The biggest trigger was the sharp escalation in geopolitical tensions following the outbreak of a US– Iran conflict. Fears of a wider war in the Middle East pushed crude oil prices sharply higher, raising concerns over inflation, India’s current account deficit, and corporate margins. For an oil importing country like India, sustained high crude prices are a clear negative for both macro stability and market sentiment.

Adding to global worries, Saudi Aramco reportedly shut operations at its Ras Tanura refinery after a fire incident, further intensifying fears of supply disruptions and keeping energy markets on edge.

On the domestic front, sentiment in the financial space weakened after the arrest of the CEO of Fino Payments Bank in connection with alleged financial irregularities. This raised fresh concerns around governance and regulatory risk in the payments and fintech ecosystem, leading to selling pressure in select financial stocks.

In the near term, markets are likely to remain volatile, and we should track developments in the Middle East and crude oil prices.

The Nifty opened gap down amid weakness emerging from the Middle East. The index has slipped below the rising trendline on the daily timeframe, indicating increasing pessimism in the market. The RSI remains in a bearish crossover, confirming weak momentum.

The immediate crucial support is placed at 24,600. A decisive breakdown below this level could trigger a deeper correction in the market. On the higher side, resistance is seen at 25,000. Until the Nifty sustains above 25,000, overall sentiment is likely to remain tilted in favor of the bears.

Rising geopolitical tensions in the Middle East have unsettled global markets, with concerns over possible extension of the situation given the killing of Iran's supreme leader. Rising crude oil prices and a weakening INR reflect concerns over potential disruptions to oil supply, which could increase inflationary pressures in India and impact fiscals and strain margins for energy and chemical-dependent sectors.

The India VIX has edged higher, signalling increased uncertainty and risk aversion among market participants. Investors are rotating toward traditional safe-haven assets and adopting a cautious stance, awaiting greater clarity. While FII selling has intensified after the spiking of crude prices.

Indian rupee ended 50 paise lower at 91.47 per dollar on Monday versus Friday's close of 90.97.

Indian benchmark indices ended lower on March 2 with Nifty below 24,900 on the back of rising geopolitical tension.

At close, the Sensex was down 1,048.34 points or 1.29 percent at 80,238.85, and the Nifty was down 312.95 points or 1.24 percent at 24,865.70. About 820 shares advanced, 3386 shares declined, and 130 shares unchanged.

Biggest Nifty losers were L&T, Interglobe Aviation, Adani Ports, Tata Motors Passenger Vehicles, Adani Enterprises, while gainers included Bharat Electronics, Sun Pharma, ONGC, Dr Reddy's Labs and Hindalco.

Except metals, all other sectoral indices ended lower with Auto, Consumer Durables, Oil & Gas down 2 percent each.

The Nifty midcap and smallcap indices fell 1.5 percent each.

Oswal Solar Energy, wholly owned subsidiary of Oswal Pumps has received an order of 7.46 MWps Grid Connected RTS Plants for 3,729 SC & ST Consumers through Utility Led Aggregation (CAPEX) Mode in APDISCOMs under PM - Surya Ghar: Mufi Bijli Yojana from M/s Swashakthi Energy. The total value of the order is Rs 39.40 crore.

Oswal Pumps was quoting at Rs 305.20, down Rs 10.70, or 3.39 percent. It has touched a 52-week low of Rs 297.65. It has touched an intraday high of Rs 310.35 and an intraday low of Rs 297.65.

#1 Cement prices flattish MoM in Feb (+2 percent YoY), 4QTD +1.5 percent YoY

#2 Jan–Feb volumes steady, strong March push expected

#3 Following recent surge in crude, petcoke is already +20 percent

#4 Likely need 2 percent+ price hike in April post year-end volume push

Emcure Pharmaceu,cals (BSE:544210, NSE: EMCURE) today announced the signing of a distribu,on agreement with Roche for select products in the nephrology and transplant medicine porJolio

Emcure Pharmaceuticals was quoting at Rs 1,445.10, down Rs 9.45, or 0.65 percent. It has touched an intraday high of Rs 1,451.40 and an intraday low of Rs 1,390. It was trading with volumes of 5,209 shares, compared to its five day average of 9,643 shares, a decrease of -45.98 percent.

NMDC was quoting at Rs 81.21, down Rs 0.59, or 0.72 percent.

It has touched an intraday high of Rs 82.19 and an intraday low of Rs 77.18.

It was trading with volumes of 3,254,720 shares, compared to its five day average of 1,559,864 shares, an increase of 108.65 percent.

The recent US–Israel–Iran tensions have increased market volatility. Historically, during such geopolitical conflicts, the Sensex has corrected by around 10%. However, past data indicates that such corrections have generally been temporary, with markets recovering on average within approximately 38 trading days once uncertainty begins to ease. The overall impact will depend on the duration of the conflict, which currently appears likely to remain limited to 1–3 weeks, given the low public support for escalation in the US and the approaching mid-term elections.

Markets may react to fear initially, but typically recover on fundamentals, creating opportunities in domestic sectors like banking, auto, consumer discretionary, hospitals, and select capital goods. This phase offers opportunity to position clients in quality portfolios focused on structural alpha generation.

Escalating tensions between the US, Israel and Iran have seen investors return to gold in its role as a traditional safe-haven asset, causing prices to rise sharply in global and Indian gold markets.

Increased geopolitical risk, fears of supply disruptions in the Strait of Hormuz, rising oil prices and a weakening rupee have created a supportive environment for gold in India, where prices have already surged toward record highs and near ₹1.7 lakh per 10 grams.

Safe-haven buying increases in these conflict situations as investors move away from equities and risk assets into stores of value, which can be seen clearly as the markets have re-opened.

If the conflict is pro-longed or spreads into a wider regional conflict, then gold could test new highs in India, especially if crude oil remains elevated and the rupee stays under pressure, which increases import costs for gold. However, any signs of de-escalation or a stronger USD could cap prices in the short-term.

Silver is following gold but with greater volatility in price swings because of its dual role as both a precious and industrial metal. It has risen sharply alongside gold, and if gold continues higher, silver could outperform in percentage terms, though it remains more sensitive to global growth expectations.

Base metals such as copper, aluminium and zinc will be impacted slightly differently. Geopolitical risks and higher energy costs may support prices through supply issues, yet fears of slower global growth could limit upside. Precious metals benefit most from the uncertainty created by conflict, while base metals will be balancing supply shocks and demand risks.

The Sensex was down 1,227.17 points or 1.51 percent at 80,060.02, and the Nifty was down 367.25 points or 1.46 percent at 24,811.40. About 634 shares advanced, 3384 shares declined, and 124 shares unchanged.

Amid escalating tensions involving the United States, Israel, and Iran, Brent crude prices have risen to approximately USD80 per barrel and are expected to remain elevated in the near term. The upward movement reflects both tangible supply-side risks and an increased geopolitical risk premium. Market concerns are largely centered around potential disruptions in the Strait of Hormuz, a critical transit route that accounts for nearly 20% of global oil flows.

For India, which imports roughly 85% of its crude oil requirements, sustained higher crude prices present macroeconomic and sector-specific challenges. Oil marketing companies (OMCs) are particularly vulnerable, as elevated crude prices can compress refining margins, increase operating and working capital requirements, and lead to higher borrowing costs and debt levels.

If the situation persists, an upward revision in retail fuel prices remains a possibility, although any such adjustment may not be immediate.

Force Motors was quoting at Rs 23,557.90, down Rs 766.90, or 3.15 percent.

It has touched an intraday high of Rs 24,312.75 and an intraday low of Rs 23,100.95.

It was trading with volumes of 9,903 shares, compared to its five day average of 4,256 shares, an increase of 132.67 percent.

TVS Motor Company was quoting at Rs 3,817, down Rs 52.65, or 1.36 percent.

It has touched an intraday high of Rs 3,906.60 and an intraday low of Rs 3,749.65.

It was trading with volumes of 20,574 shares, compared to its five day average of 22,183 shares, a decrease of -7.25 percent.

In the previous trading session, the share closed down 2.14 percent or Rs 84.55 at Rs 3,869.65.

The share touched a 52-week high of Rs 3,970 and a 52-week low of Rs 2,221.05 on 26 February, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 3.85 percent below its 52-week high and 71.86 percent above its 52-week low.

Market capitalisation stands at Rs 181,340.75 crore.

#1 Total sales zoom 43.8 percent to 5,58,216 units Vs 3,88,068 units, YoY

#2 Domestic sales surge 44.7 percent to 5,16,968 units Vs 3,57,296 units, YoY

#3 Exports spike 34 percent to 41,248 units Vs 30,772 units, YoY

Benchmark indices remained under pressure in afternoon trade, with the Nifty 50 down 1.36 percent at 24,836, taking its year-to-date decline to nearly 5 percent. The Nifty Bank slipped 1.27 percent, though it continues to hold marginal gains for 2026 so far. Broader indices were weaker. The Nifty Midcap 100 fell 1.55 percent and is now down 3.8 percent YTD, while the Nifty Smallcap 100 dropped 1.74 percent, extending its YTD losses to over 6 percent -- the sharpest among key segments. The Nifty Next 50 also declined 1.5 percent, reflecting broad-based selling beyond frontline names.

Selling pressure intensified sharply, with market breadth turning decisively negative. On the Nifty 50, only 4 stocks were advancing while 45 declined, as the index fell over 1.6 percent to around 24,758. The broader market painted an even weaker picture. On the Nifty 500, just 35 stocks were in the green against 462 declines, reflecting widespread risk aversion across largecaps, midcaps and smallcaps alike.

#1 Company achieves highest-ever sales for any February month

#2 Total sales grow 12.6 percent to 66,134 units, YoY

#3 Exports jump 24.8 percent to 13,727 units, YoY

#4 Domestic sales increase 9.8 percent to 52,407 units, YoY

Hyundai Motor India was quoting at Rs 2,130, down Rs 33.75, or 1.56 percent.

It has touched an intraday high of Rs 2,138 and an intraday low of Rs 2,093.10.

It was trading with volumes of 15,992 shares, compared to its five day average of 34,620 shares, a decrease of -53.81 percent.

#1 Total sales grow 7.3 percent to 2,13,995 units Vs 1,99,400 units, YoY

#2 Domestic sales rise 0.26 percent to 1,74,840 units Vs 1,74,379 units, YoY

#3 Domestic passenger vehicle sales increase 0.12 percent to 1,61,000 units Vs 1,60,791 units, YoY

#4 Exports zoom 56.5 percent to 39,155 units Vs 25,021 units, YoY

#5 Production soars 19.3 percent to 2,23,507 units Vs 1,87,414 units, YoY

The Sensex was down 1,835.93 points or 2.26 percent at 79,451.26, and the Nifty was down 564 points or 2.24 percent at 24,614.65. About 535 shares advanced, 3450 shares declined, and 113 shares unchanged.

#1 Company achieves highest-ever sales for any February month

#2 Total sales grow 12.6 percent to 66,134 units, YoY

#3 Exports jump 24.8 percent to 13,727 units, YoY

#4 Domestic sales increase 9.8 percent to 52,407 units, YoY

Hyundai Motor India was quoting at Rs 2,130.00, down Rs 33.75, or 1.56 percent. It has touched an intraday high of Rs 2,138.00 and an intraday low of Rs 2,093.10. It was trading with volumes of 15,992 shares, compared to its five day average of 34,620 shares, a decrease of -53.81 percent.

#1 Total sales increase 17 percent to 1,503 units Vs 1,288 units, YoY

#2 Passenger vehicles sales jump 24 percent to 1,017 units Vs 820 units, YoY

#3 Cargo vehicles sales rise 4 percent to 486 units Vs 468 units, YoY

SML Mahindra was quoting at Rs 4,545.90, down Rs 237.45, or 4.96 percent. It has touched an intraday high of Rs 4,803.10 and an intraday low of Rs 4,544.20. It was trading with volumes of 5,431 shares, compared to its five day average of 6,223 shares, a decrease of -12.72 percent.

#1 Total sales zoom 31 percent to 5.29 lakh units Vs 4.03 lakh units, YoY

#2 Two-wheeler sales surge 30 percent to 5.07 lakh units Vs 3.91 lakh units, YoY

#3 EV sales spike 60 percent to 38,386 units Vs 24,017 units, YoY

#4 Three-wheeler sales soar 77 percent to 21,446 units Vs 12,087 units, YoY

#5 International business records highest-ever sales of 1.58 lakh units, up 27 percent from 1.24 lakh units, YoY

TVS Motor Company was quoting at Rs 3,762.60, down Rs 107.05, or 2.77 percent. It has touched an intraday high of Rs 3,906.60 and an intraday low of Rs 3,761.10. It was trading with volumes of 15,758 shares, compared to its five day average of 22,183 shares, a decrease of -28.96 percent.

#1 High-growth broking phase likely over (79 percent CAGR FY23–25)

#2 Broking revenue CAGR seen at 17 percent in FY26–28

#3 Diversifying into MTF, WM & credit leveraging platform

#4 Non-broking to be key driver, revenue CAGR seen at 59 percent in FY26–28

#5 Costs to normalise enabling operating leverage & margin expansion

#6 Current valuation at 37x 1Y forward P/E largely factors-in positives

Billionbrains Garage Ventures was quoting at Rs 156.15, down Rs 7.25, or 4.44 percent. It has touched an intraday high of Rs 159.90 and an intraday low of Rs 153.20.

Zydus Lifesciences has received final approvals from the United States Food and Drug Administration (USFDA) for Ivermectin Tablets USP, 3 mg  and Dapsone Tablets USP, 25 mg and 100 mg.

Zydus Lifesciences was quoting at Rs 900, down Rs 22.50, or 2.44 percent. It has touched an intraday high of Rs 911.80 and an intraday low of Rs 835.85. It was trading with volumes of 52,684 shares, compared to its five day average of 33,133 shares, an increase of 59.01 percent.

#1 Stock corrected around 20 percent in recent weeks on higher competition

#2 Stock corrected also on slowing QC growth & AI-related concerns on FD

#3 Correction seen as buying opportunity, favourable risk-reward over 12–18 months

#4 Near-term (2–3 quarters) growth & profit may remain volatile depending on competitive intensity

Anthem Biosciences was quoting at Rs 685, down Rs 15.70, or 2.24 percent. It has touched an intraday high of Rs 697.20 and an intraday low of Rs 647.70.

The share touched a 52-week high of Rs 873.25 and a 52-week low of Rs 579.45 on 18 September, 2025 and 02 February, 2026, respectively. Currently, the stock is trading 21.56 percent below its 52-week high and 18.22 percent above its 52-week low. Market capitalisation stands at Rs 38,477.40 crore.

Tata Consultancy Services (TCS) today announced the launch of TCS Workspace Experience Studio engineered with Zscaler Digital Experience. This solution by TCS and powered by Zscaler will redefine enterprise digital workspaces for customers by integrating Zero Trust security, observability, and AI-powered experience analytics, delivering a truly seamless, resilient, and proactive digital environment for their workforce.

Tata Consultancy Services was quoting at Rs 2,598.10, down Rs 38.30, or 1.45 percent. It has touched a 52-week low of Rs 2,551.55. It has touched an intraday high of Rs 2,623.70 and an intraday low of Rs 2,551.55.

Parth Electricals and Engineering has received the approval from UL for the dispatch of first lot of Intelligent Motor Control Canter includes 1x MCC and 7x VFD & LCS worth $ 1.2 million to USA against total export order of $4.8 million. The balance panels are under manufacturing and expected to be dispatch in March and April 2026.

The company has secured a new export order worth $1 million from a customer in Zambia for the supply of IEC products from our Baroda unit, with a fast-track delivery timeline of two months.

Parth Electricals & Engineering was quoting at Rs 251.20, down Rs 12.60, or 4.78 percent. It has touched an intraday high of Rs 260.00 and an intraday low of Rs 251.20.

Indian rupee is trading at 1-month low at 91.41 per dollar versus Friday's close of 90.97.

The company has launched a residential project — Brigade Stellaris — in Chennai, with a gross development value of Rs 1,700 crore. The project will be developed on a 5.19-acre prime land parcel.

The Insurance Regulatory and Development Authority of India (IRDAI) conducted an inspection of the company in February 2025 and issued its observations.

On February 26, 2026, IRDAI issued a Show Cause Notice (SCN), and the company is in the process of submitting its response. The SCN relates to the business and operational aspects of the company.

Further, IRDAI has also issued a Letter of Advice on certain matters, recommending compliance measures. The company stated that there is no impact on its financial, operational, or other activities at this stage.

Niva Bupa Health Insurance Company was quoting at Rs 72.19, down Rs 2.79, or 3.72 percent. It has touched an intraday high of Rs 74.00 and an intraday low of Rs 72.19.

The company has received an order worth Rs 122.02 crore from Global Information Technology Organisation for the supply, installation, and handover of interior fit-out works.

Eleganz Interiors was quoting at Rs 67.50, down Rs 0.30, or 0.44 percent.

It has touched an intraday high of Rs 70.75 and an intraday low of Rs 65.

It was trading with volumes of 25,000 shares, compared to its five day average of 161,800 shares, a decrease of -84.55 percent.

The United States Food and Drug Administration (US FDA) inspected Unit-I, a formulation manufacturing facility of the company's subsidiary Eugia Pharma Specialities, located in Ranga Reddy, Telangana, from February 16 to February 27. The inspection concluded with four observations.

Aurobindo Pharma was quoting at Rs 1,205.05, down Rs 16.50, or 1.35 percent. It has touched an intraday high of Rs 1,223.25 and an intraday low of Rs 1,180.05. It was trading with volumes of 30,352 shares, compared to its five day average of 261,315 shares, a decrease of -88.38 percent.

#1 Salesforce reported 8.5 percent organic growth in FY26

#2 Company guides 7–8 percent for FY27 implying a deceleration

#3 IT services (CTSH, CAP, EPAM) guiding for higher growth next year

#4 AI seen as net positive for SIS, prefer build >buy, lower production costs, potential share shift from SaaS

#5 Within Coverage: Persistent Systems highest salesforce exposure, Infosys strong salesforce expertise

Edelweiss Financial Services announced the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each for an amount up to Rs 1,750 million with a green shoe option of up to Rs 1,750 million, cumulatively aggregating up to Rs 3,500 million.

Edelweiss Financial Services was quoting at Rs 112.65, down Rs 1.85, or 1.62 percent. It has touched an intraday high of Rs 115.40 and an intraday low of Rs 111.90. It was trading with volumes of 171,218 shares, compared to its five day average of 184,530 shares, a decrease of -7.21 percent.

Atul Auto was quoting at Rs 485.60, down Rs 9.85, or 1.99 percent.

It has touched an intraday high of Rs 508.85 and an intraday low of Rs 481.

It was trading with volumes of 12,346 shares, compared to its five day average of 37,007 shares, a decrease of -66.64 percent.

The Sensex was down 1,290.84 points or 1.59 percent at 79,996.35, and the Nifty was down 395.90 points or 1.57 percent at 24,782.75. About 623 shares advanced, 3241 shares declined, and 138 shares unchanged.

#1 High-growth broking phase likely over (79 percent CAGR FY23–25)

#2 Broking revenue CAGR seen at 17 percent in FY26–28

#3 Diversifying into MTF, WM & credit leveraging platform

#4 Non-broking to be key driver, revenue CAGR seen at 59 percent in FY26–28

#5 Costs to normalise enabling operating leverage & margin expansion

#6 Current valuation at 37x 1Y forward P/E largely factors-in positives

Billionbrains Garage Ventures was quoting at Rs 156.90, down Rs 6.50, or 3.98 percent. It has touched an intraday high of Rs 159.90 and an intraday low of Rs 153.20.

#1 Stock corrected around 20 percent in recent weeks on higher competition

#2 Stock corrected also on slowing QC growth & AI-related concerns on FD

#3 Correction seen as buying opportunity, favourable risk-reward over 12–18 months

#4 Near-term (2–3 quarters) growth & profit may remain volatile depending on competitive intensity

Eternal was quoting at Rs 242.40, down Rs 4.05, or 1.64 percent. It has touched an intraday high of Rs 244.60 and an intraday low of Rs 233.10. It was trading with volumes of 2,674,632 shares, compared to its five day average of 2,357,194 shares, an increase of 13.47 percent.

Heavyweight cyclicals bore the brunt of the selling. Larsen & Toubro fell nearly 6 percent, emerging as the top Nifty loser. InterGlobe Aviation dropped over 4 percent, while Adani Ports, Maruti Suzuki and Adani Enterprises declined 2-4 percent. Auto and infrastructure-linked names such as M&M and Shriram Finance were also sharply lower, reflecting broad-based unwinding across rate-sensitive and capex-oriented stocks amid elevated volatility.

The market rout deepened on Monday, with only five Nifty stocks managing to hold gains in late morning trade. Bharat Electronics led the pack, rising over 2 percent, followed by ONGC and Bharti Airtel with modest gains. Sun Pharma and Hindalco were also marginally higher. The narrow list of gainers underscored the intensity of the risk-off mood, as defensive and energy names saw selective buying while the broader market remained under pressure.

The Commerce Ministry will hold a meeting with key stakeholders, including exporters, later this evening to assess the impact of the prevailing situation in West Asia, according to a CNBC TV18 news report, which cited unidentified government sources. Officials from the Ministry of Shipping and other government departments are also expected to participate. The meeting aims to evaluate potential disruptions to trade and logistics arising from the developments in the region.

#1 PSU banks leading private on growth (14 percent vs 13 percent), stronger housing & auto loan growth

#2 Growth partly via surplus LDR, PSUs paying higher TD rates

#3 Higher spread compression versus private despite lower EBLR mix

#4 Slight growth pullback + deposit cost reset could lift RoA

#5 RoA–PB correlation supportive of rerating

Indian rupee is trading lower by 43 paise at 91.40 per dollar versus Friday's close of 90.97.

The Sensex was down 1,031.89 points or 1.27 percent at 80,255.30, and the Nifty was down 317.15 points or 1.26 percent at 24,861.50. About 702 shares advanced, 3060 shares declined, and 162 shares unchanged.

Shares of Clean Max Enviro Energy Solutions made a weak debut on the bourses, listing at a discount despite decent IPO subscription. The stock opened at ₹960 on the NSE, down about 8.83% from the upper price band of ₹1,053, while it listed at ₹952 on the BSE, a discount of 9.57%. The ₹3,100 crore IPO was subscribed 94%, reflecting moderate investor interest but cautious listing sentiment.

Founded in 2010, CleanMax focuses on net zero and decarbonisation solutions for commercial and industrial clients, offering renewable power through solar, wind and hybrid sources along with energy services and carbon credit solutions. While the long term business outlook remains structurally positive, the weak listing indicates near term caution and limited immediate upside visibility.

Investors should remain cautious in the short term. Allottees may hold if risk appetite is high but should maintain a strict stop loss at ₹900. Fresh investors are advised to wait for price stability and strong demand support before considering new positions.

Shares of Shree Ram Twistex made a weak market debut on March 2, listing at a sharp discount despite strong IPO subscription. The stock opened at ₹68 on the NSE, down 34.62% from the issue price of ₹104, while it listed at ₹70 on the BSE. The muted listing reflects cautious sentiment and possible profit booking, even though the IPO was subscribed 43.66 times, with very strong demand in the retail and NII categories.

The company will use IPO proceeds to set up captive solar and wind power plants, repay debt, and support working capital, which may help reduce energy costs over the long term. However, near term sentiment remains weak after the steep discount listing.

Volatility may persist in the short term. High risk investors can consider holding with a strict stop loss at ₹60. Fresh entry is advisable only after the stock shows signs of stability and buying support.

#1 Total production of raw coal rises 0.1 percent to 3.50 million tonnes Vs 3.49 million tonnes (MT), , YoY

#2 Coking coal production falls 1.6 percent to 3.26 MT Vs 3.31 MT, YoY

#3 Non-coking coal production grows 30 percent to 0.24 MT Vs 0.18 MT, YoY

#4 Offtake (raw coal) declines 28.7 percent to 2.16 MT Vs 3.02 MT, YoY

Bharat Coking Coal was quoting at Rs 31.87, down Rs 0.91, or 2.78 percent.

It has touched a 52-week low of Rs 28.02.

It has touched an intraday high of Rs 32.29 and an intraday low of Rs 28.02.

#1 Power tiller & tractor sales surge 36 percent to 4,435 units Vs 3,260 units, YoY

#2 Power tillers sales zoom 34.2 percent to 3,963 units Vs 2,952 units, YoY

#3 Tractors sales spike 53.2 percent to 472 units Vs 308 units, YoY

VST Tillers Tractors was quoting at Rs 5,739.95, down Rs 39.55, or 0.68 percent. It has touched an intraday high of Rs 5,906.90 and an intraday low of Rs 5,635.05.

#1 Total tractor sales increase 20.4 percent to 10,339 units Vs 8,590 units, YoY

#2 Domestic sales spike 22.1 percent to 9,725 units Vs 7,968 units, YoY

#3 Exports fall 1.3 percent to 614 units Vs 622 units, YoY

Escorts Kubota was quoting at Rs 3,448.65, down Rs 68, or 1.93 percent.

It has touched an intraday high of Rs 3,496.85 and an intraday low of Rs 3,441.10.

It was trading with volumes of 1,289 shares, compared to its five day average of 4,166 shares, a decrease of -69.06 percent.

SSWL achieved a net turnover of Rs 476.41 crore in February 2026, compared to Rs 407.74 crore in the same period last year. The company's gross tumover reached Rs 549.25 crore in February 2026, compared to Rs 500.62 crore in the same period last year, reflecting a steady growth of 9.7l%.

Steel Strips Wheels was quoting at Rs 210.90, down Rs 3.70, or 1.72 percent.

It has touched an intraday high of Rs 210.90 and an intraday low of Rs 200.

It was trading with volumes of 1,837 shares, compared to its five day average of 3,612 shares, a decrease of -49.14 percent.

#1 Total sales zoom 31 percent to 5.29 lakh units Vs 4.03 lakh units, YoY

#2 Two-wheeler sales surge 30 percent to 5.07 lakh units Vs 3.91 lakh units, YoY

#3 EV sales spike 60 percent to 38,386 units Vs 24,017 units, YoY

#4 Three-wheeler sales soar 77 percent to 21,446 units Vs 12,087 units, YoY

#5 International business records highest-ever sales of 1.58 lakh units, up 27 percent from 1.24 lakh units, YoY

TVS Motor Company was quoting at Rs 3,877.90, up Rs 8.25, or 0.21 percent. It has touched an intraday high of Rs 3,906.60 and an intraday low of Rs 3,772.90. It was trading with volumes of 7,015 shares, compared to its five day average of 22,183 shares, a decrease of -68.38 percent.

#1 Tractor sales jump 34 percent to 34,133 units Vs 25,527 units, YoY

#2 Domestic sales increase 35 percent to 32,153 units Vs 23,880 units, YoY

#3 Exports grow 20 percent to 1,980 units Vs 1,647 units, YoY

Mahindra and Mahindra was quoting at Rs 3,348.20, down Rs 51.70, or 1.52 percent. It has touched an intraday high of Rs 3,374.40 and an intraday low of Rs 3,177.55. It was trading with volumes of 39,744 shares, compared to its five day average of 58,952 shares, a decrease of -32.58 percent.

#1 Total sales increase 17 percent to 1,503 units Vs 1,288 units, YoY

#2 Passenger vehicles sales jump 24 percent to 1,017 units Vs 820 units, YoY

#3 Cargo vehicles sales rise 4 percent to 486 units Vs 468 units, YoY

SML Mahindra was quoting at Rs 4,766.95, down Rs 16.40, or 0.34 percent. It has touched an intraday high of Rs 4,803.10 and an intraday low of Rs 4,544.20. It was trading with volumes of 3,206 shares, compared to its five day average of 6,223 shares, a decrease of -48.48 percent.

#1 Total sales zoom 18 percent to 97,177 units Vs 82,319 units, YoY

#2 Domestic PV sales grow 19 percent to 60,018 units Vs 50,420 units, YoY

#3 Exports increase 11 percent to 3,384 units Vs 3,059 units, YoY

Mahindra and Mahindra was quoting at Rs 3,353.45, down Rs 46.45, or 1.37 percent.

It has touched an intraday high of Rs 3,374.40 and an intraday low of Rs 3,177.55.

It was trading with volumes of 38,569 shares, compared to its five day average of 58,952 shares, a decrease of -34.58 percent.

#1 Company to invest Rs 20,000 crore in Airtel Money gradually, 10–15 percent in year 1

#2 Moving to progressive dividend policy as FCF rises

#3 Singtel may gradually sell 7 percent treasury stake over next few years

#4 Airtel to likely raise stake in Indus Towers (51 percent Now), board okays +5 percent

#5 British telecom stake stays with promoter, no buyback plans

#6 To consolidate Airtel Africa stake (63 percent) via 16 percent buy from promoter family