The body that advises the world’s central banks has urged policymakers not to rush reactions to the Iran crisis-driven spike in global energy prices, calling it a textbook case of when to “look through” a supply shock, if it proves temporary.
This month’s 40 per cent surge in oil prices and near 60 per cent leap in wholesale gas prices have evoked comparisons to 2022, when Russia’s invasion of Ukraine and the post-COVID reopening of the global economy sent inflation rates soaring.
Leading central banks including the U.S. Federal Reserve and European Central Bank raised interest rates to their highest levels in decades, but were criticised for reacting too slowly after mistakenly judging the impact would be transitory.
This time, financial markets have been quick to reprice expectations, betting central bankers won’t want to make the same mistake again, although the Bank for International Settlements (BIS) used its latest report to urge caution.
“If it’s a supply shock, and certainly if it’s a temporary
one, these are the textbook examples where you should look
through and not react with monetary policy,” the central bank
umbrella group’s top economic advisor, Hyun Song Shin, said.
“It really depends on how long the conflict lasts and how
long the rise in the oil price will be sustained.”
The comments come at the start of a crucial week for markets
with the Federal Reserve, European Central Bank, Bank of England
and Bank of Japan all holding their first meetings since the
Middle East crisis erupted on February 28.
Shin added the rapid shift in market interest rate pricing
was perhaps a “sign of the times” given the still-raw memories
of 2022.
Money markets have already halved the number of Fed rate cuts
they expect this year to one and are now fully pricing in an ECB
hike by July, along with an 85 per cent chance of a
second increase by year-end.
“It’s a kind of a knee-jerk reaction,” said Shin,
highlighting too that key inflation gauges hadn’t yet moved to
the same extent, making it “a very confusing picture” overall.
Longer war, larger impact
A prolonged conflict, or one that spirals wider, would
threaten a further rise in interest rates that could amplify the
economic damage, hit “rich” asset prices and compound the
worries about ballooning government debt levels.
“That is something which is going to be a very important
topic for us to keep under review,” Shin said.
“The impact of a sustained rise in energy prices will have
an effect on the real economy and the longer it lasts, of
course, the larger that impact. And there will also be an impact
on fiscal balances if the economy sees a downturn.”
The BIS’ report, which it publishes four times a year, also
included a number of studies, including one on how central banks
have changed the way they communicate with markets and the
public following the various recent global crises.
It showed more are now using scenarios to illustrate the
implications of specific risks, in addition to traditional tools
such as fan charts and qualitative risk discussions.
Many have also tried to shift away from so-called forward
guidance on where rates are likely to go and instead publishing
their own rate projections, often in the context of alternative
scenarios.
The BIS’ view of the current market risks also touched on other
bouts of volatility seen this year, including some sharp
selloffs in artificial intelligence-linked stocks and some
troubles in the private credit market.
“We have to watch this,” Frank Smets, the deputy head of the
BIS’ monetary and economic department, said. “But we don’t see
any major disruptions at this point.”
Bull and Bear Stock Market Prices Concept. 3d Render
| Photo Credit:
asbe
tock Market Today | Share Market Live Updates – Find here all the Live Updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 17 March 2026
Domestic markets are likely to open on a flat note on Tuesday. Analysts, however, warn that the market may remain volatile due to global uncertainty.
Asian markets have opened with a positive bias. The KOSPI is trading nearly 2.5 per cent higher, while the Nikkei 225 remains marginally positive as declining oil prices helped lift regional sentiment.
From a macroeconomic perspective, inflation risks remain elevated, particularly if crude oil prices rebound. This could also lead to a widening current account deficit (CAD) and exert pressure on corporate margins in oil-sensitive sectors such as automobiles, aviation, and chemicals.
Meanwhile, analysts expect limited downside from current levels.
The volatility index, India VIX, declined by 4.60 per cent to close at 21.60, indicating easing market volatility and a reduction in risk perception among market participants.
March 17, 2026 08:05
Stock market
Stock Market Live Updates: South Korean shares extend rally on Nvidia-driven chip optimism
South Korean shares rose on Tuesday as semiconductor shares led gains. This followed Nvidia flagging that its new artificial intelligence chips were being manufactured by Samsung Electronics.
The won weakened, while the benchmark bond yield fell.
The benchmark KOSPI was up 151.70 points, or 2.73 per cent, at 5,701.55 as of 02:01 GMT.
March 17, 2026 08:02
Stock market
India Daybook: Stocks in news for March 17, 2026
Astral: Company to acquire 19 per cent stake in Vena Energy Sustainable Power for ₹9 crore. (Neutral)
Nucleus Software: Mrs Yasmin Javeri Krishan appointed as Chairperson of the company. (Neutral)
Angel One: Board to meet on March 20 to consider second interim dividend for current year. (Neutral)
HFCL: Company expects to complete sale of its 2.18 lakh shares in Nivetti Systems by June 30. (Neutral)
GNG Electronics: Excluded from ASM Framework. (Neutral)
Banco Products (India) Ltd: Ex-date tomorrow for interim dividend of ₹8.00. (Neutral)
Mishra Dhatu Nigam Ltd: Ex-date tomorrow for interim dividend of ₹0.85. (Neutral)
5paisa Capital Ltd: Ex-date today for rights issue of equity shares. (Neutral)
Alkyl Amines: Company reports logistics disruptions and challenges in procuring ammonia due to West Asia conflict; financial impact under assessment. (Negative)
Redington: Gulf region operations restricted with increased freight costs due to shipment re-routing. (Negative)
March 17, 2026 08:02
Stock market
India Daybook: Stocks in news for March 17, 2026
Intellect Design: Company announces 50:50 joint venture with Fintel Plc in UK to deploy agentic AI platform in UK wealth management market. (Positive)
NOCIL: Company approves ₹130 crore expansion for rubber chemicals capacity at Dahej. (Positive)
Reliance Industries: Company signs $3 billion green ammonia agreement with Samsung C&T. (Positive)
RailTel Corporation: Company receives work order worth ₹42.63 crore. (Positive)
Oberoi Realty: Company enters into development agreement for land at Aram Nagar, Versova, Andheri West in Mumbai, owned by MHADA. (Positive)
GMDC: Company signs MoU with NMDC Limited to explore strategic collaboration in the rare earth elements (REE) sector. (Positive)
RVNL: Company receives LoA from NMDC for refurbishment at Kirandul and Bacheli worth ₹95.27 crore. (Positive)
L&T Tech: Company launches AI-powered digital twin platform for lung diagnostics. It combines medtech expertise with Nvidia AI infrastructure for enhanced outcomes. (Positive)
Sun Pharma: Company announces US FDA acceptance of supplemental biologics licence application (sBLA) for Ilumya® (Tildrakizumab-asmn) for treatment of adults with active psoriatic arthritis. (Positive)
Asian Energy Services: Operation and maintenance contract extended by Vedanta for one year to March 31, 2027. (Positive)
Tata Motors CV: Company announces price increase to offset rising commodity prices and input costs. (Positive)
March 17, 2026 08:00
Review
Bitcoin enters accumulation phase with steady demand: Pi42
Bitcoin is showing early signs of entering a structural accumulation phase. On-chain data indicates steady buyer absorption and a continued decline in exchange balances.
Investors appear to be moving assets into long-term custody even as prices hold near the psychologically important $70,000 zone.
Renewed institutional participation through ETF inflows and visible whale accumulation is also helping build a stronger demand base. This comes despite global macro uncertainty.
For investors, this phase calls for disciplined positioning rather than chasing short-term price spikes.
Gradual allocation strategies such as staggered buying, maintaining adequate liquidity buffers, and focusing on long-term portfolio balance can help navigate ongoing volatility.
Watching key resistance levels around $73,000 to $75,000 will be important. A sustained move above this range could indicate the next expansion cycle, while consolidation in the near term remains likely.
— Avinash Shekhar, Co-Founder & CEO, Pi42
March 17, 2026 07:59
Stock market
Stock Market Live Updates: Flat opening seen domestic markets
Flat opening seen domestic markets
Analysts flag volatility risks from FII outflows, geopolitical tensions and potential oil price rebound
March 17, 2026 07:52
Stock market
These 15 stocks to remain in focus on Monday
These 15 stocks to remain in focus on Monday
Stay updated on market movements with key stocks like RIL, Tata Motors, and PSU companies to watch this Monday.
March 17, 2026 07:09
Ipo
GSP Crop Science IPO sees modest Day 1 subscription at 0.47x, driven by QIB demand
The Initial Public Offering (IPO) of GSP Crop Science Limited was subscribed 0.47 times on the first day of bidding. This demonstrated strong demand from qualified institutional buyers.
The issue received bids for 42,37,658 equity shares against the 89,47,367 equity shares offered, according to data available on the stock exchanges.
The qualified institutional buyers (QIB) portion was subscribed 1.28 times. The non-institutional investors portion and retail portion were subscribed 0.28 times and 0.11 times, respectively.
The issue opened for subscription on Monday, March 16, 2026, and will close on Wednesday, March 18, 2026. A day before the opening of the issue, GSP Crop Science Limited had raised ₹120 crore from anchor investors.
(Note: The last paragraph appears unrelated to GSP Crop Science Limited, as leading brokerage firms like Adroit Financial Services, BP Equities, Marwadi Financial Services and Ventura Securities have given their “Subscribe” recommendation to Rajputana Stainless Limited, not GSP Crop Science. This portion has been removed to avoid confusion and repetition.)
March 17, 2026 06:57
Technicalcallbuy
Today’s Stock Recommendation: March 17, 2026
March 17, 2026 06:56
Stock market
Stock Market Live Updates: Fund Flow Activity: 16 March 2026 (Rs. In Cr.)
Stock Market Live Updates: GIFT NIFTY 23,609 ➕ 223.50 ⬆️ (0.96%)
March 17, 2026 06:55
Stock Market Live Updates: Dow Jones Industrial Average: 46,985.80 ➕ 427.33 (0.92%) ⬆️
March 17, 2026 06:55
NSE
Stock Market Live Updates: Sectoral Performance | March 16, 2026
WhatsApp Image 2026-03-17 at 6.16.53 AM.jpeg
March 17, 2026 06:54
NSE
Stock Market Live Updates: Closing Bell | March 16, 2026
WhatsApp Image 2026-03-17 at 6.16.52 AM.jpeg
March 17, 2026 06:53
Stock market
Stock Market Live Updates: LPG vessel, Shivalik arrival at LPG terminal Mundra Port today. With total Quantity 46000MT.
20000MT will be unloaded at Mundra and 26000MT will be unloaded at Mangalore..
Vessel is carrying the liquid LPG ordered by IOC L.
March 17, 2026 06:52
Stock market
Global Equities’ Update
The U.S. equity index futures opened higher rebounding from a bruising last week, as investors assessed an ongoing U.S.-Israeli assault on Iran which is entering its third week. The European markets also recovered from day’s low while focus would be on the press conference from the U.S. president that scheduled around 09:15 pm India time after closed door meeting.
The U.S. treasury yields fell sharply as Crude prices continued to trade at day’s low. The metal prices recovered amid the weakness of the U.S. Dollar in opening session.
Dow Future (US): 46992, +432.0 points/ +0.93%
Nasdaq Future (US): 24676, +396.0 points/ +1.21%
US Small Cap 2000 Future (US): 2520.0, +40.0 points/ +1.60%
Stocks to watch: नवरत्न कंपनी आरईसी लिमिटेड (REC Ltd) एक बार फिर से अपने निवेशकों को डिविडेंड देने जा रही है. कंपनी ने कारोबारी साल 2025-26 के लिए चौथी बार डिविडेंड देने का ऐलान कर दिया है. इसी सिलसिले में पावर सेक्टर की इस सरकारी कंपनी ने बीते 6 मार्च को एक मीटिंग भी रखी.
हर शेयर पर कितने मिलेंगे?
कंपनी ने बोर्ड की मीटिंग के बाद अपने निवेशकों को 2025-26 के लिए प्रति शेयर 3.20 चौथे अंतरिम डिविडेंड देने की घोषणा की है. इसके लिए रिकॉर्ड डेट 20 मार्च की तय की गई है.स्टॉक एक्सचेंज को दी गई जानकारी में कंपनी ने 10 रुपये के फेस वैल्यू वाले एक शेयर का 32 परसेंट डिविडेंड के रूप में देने का फैसला किया है. यानी कि अगर आपके पास REC लिमिटेड का 1 शेयर है, तो कंपनी इस पर आपको 3.20 रुपये देगी.
इसी तरह से अगर आपके पास कंपनी के 100 शेयर हैं, तो आपको 320 (100*3.20) रुपये मिलते. अगर आपके पास 1000 शेयर हैं, तो आपके बैंक अकाउंट में 3200 रुपये आएंगे. हालांकि, डिविडेंड का मुनाफा पाने के लिए आपके पास 20 मार्च (रिकॉर्ड डेट) तक कंपनी के शेयर होने चाहिए. डिविडेंड का पैसा आपके उसी बैंक अकाउंट में जाएगा, जो सीधे आपके डीमैट अकाउंट से जुड़ा हो.
डिस्क्लेमर: (यहां मुहैया जानकारी सिर्फ़ सूचना हेतु दी जा रही है. यहां बताना जरूरी है कि मार्केट में निवेश बाजार जोखिमों के अधीन है. निवेशक के तौर पर पैसा लगाने से पहले हमेशा एक्सपर्ट से सलाह लें. ABPLive.com की तरफ से किसी को भी पैसा लगाने की यहां कभी भी सलाह नहीं दी जाती है.)
Speaking at a rally in central Kolkata following a march to protest the LPG crisis, she said the saffron camp with the help of Election Commission may change as many officers as they want, but they will not be able to change the government in Bengal.
| Photo Credit:
Jayanta Shaw
West Bengal Chief Minister Mamata Banerjee, who led a protest against the Centre over concerns related to LPG cylinder shortages, accused the BJP-led government of “failing” to ensure adequate supply.
Banerjee also lashed out at the Election Commission for transferring top State bureaucrats and police officers shortly after announcing the schedules for Assembly polls and branded the poll panel and the BJP as “anti-Bengal”.
Speaking at a rally in central Kolkata following a march to protest the LPG crisis, she said the saffron camp with the help of Election Commission may change as many officers as they want, but they will not be able to change the government in Bengal.
“It doesn’t matter who you appoint as replacement officers, they will all work for Bengal and for the people of the State,” the Chief Minister said.
The Election Commission has removed the West Bengal Chief Secretary, Home Secretary, Director General of Police, and Kolkata Police Commissioner, among others, in an unprecedented administrative shake-up in the State ahead of the Assembly polls.
Election Commission officials maintained that the transfers of the officials were aligned with Chief Election Commissioner Gyanesh Kumar’s assurance to hold free and fair polls in the State.
Speaking on the prevailing LPG cooking gas crisis, Banerjee blamed the Narendra Modi-led Centre for the emerging shortage of LPG, alleging that the government has failed to build sufficient reserves of cooking gas and petroleum products before imposing restrictions on access to cylinders.
“artificially created”
She also alleged that the LPG cooking gas crisis in the State was “artificially created”.
“The LPG crisis is artificially created by disabling oil companies’ servers. I have spoken with their representatives, and there is no real crisis of gas,” she added.
The National Company Law Appellate Tribunal (NCLAT) has restored an insolvency appeal filed by Shyamji Construction Co against Dilip Buildcon.
The National Company Law Appellate Tribunal (NCLAT) on Monday restored an insolvency appeal against Dilip Buildcon, a construction and infrastructure development company.
A two-member bench of the NCLAT on December 12, 2025, dismissed the appeal filed by Shyamji Construction Co against Dilip Buildcon on the ground of ‘non-prosecution’.
However, an application was filed by Shyamji Construction Co for condonation of delay and restoration of appeal against Dilip Buildcon, which was allowed.
“We have heard Counsel for the applicant (Shyamji Construction), as well as Counsel for the respondent (Dilip Buildcon). We find sufficient cause shown in the application for recall of the order dated December 16, 2025…appeal is restored in its original number,” said a two-member bench, comprising Chairperson Justice Ashok Bhushan.
Moreover, the NCLAT also admitted Shyamji Construction’s application praying for condonation of 43 days’ refiling delay on account of medical issues with the appellant due to which the delay was caused.
“We find sufficient cause shown in the application. Refiling delay condoned,” said the NCLAT.
Shyamji Construction, through its authorised representative Anil Bhatia, had approached the NCLT claiming operational debt. However, according to reports, it was dismissed on the grounds of pre-existing disputes.
Banana production increased to 39.62 mt in 2025-26 from 38.32 mt a year-ago period
| Photo Credit:
Giri KVS
India’s horticulture production, which includes spices, plantation crops, honey, as well as fruits, vegetables, is estimated to be a tad higher at 370.85 million tonne (mt) during the 2025-26 crop year (July-June) from 370.74 mt. There was a marginal drop in the area but there was higher yield in many crops.
The area under all horticulture crops was reported at 30.13 million hectares (mh) in 2025-26 against 30.14 mh in 2024-25, the Agriculture Ministry said in a statement.
Releasing the first estimate of 2025-26 and final estimate of 2024-25, Union Agriculture and Farmers Welfare Minister Shivraj Singh Chouhan said that it reflects the government investment in technology, irrigation, value chain development, processing, storage, cold chains and markets, yielding ground-level results.
Bangana, apple output up
“Horticulture is now a solid foundation for raising farmers’ income, ensuring nutritional security and advancing agri-exports, with the goal that farmers everywhere gain better, sustainable earnings from fruits, vegetables, spices, flowers and medicinal crops,” Chouhan said in a statement.
Among the major fruits, banana production increased to 39.62 mt in 2025-26 from 38.32 mt, that of mango to 23.45 mt from 23.14 mt, apple to 2.79 mt from 2.66 mt, guava 5.52 mt from 5.48 mt and papaya 5.81 mt from 5.76 mt. The fruits which reported a fall in production include orange (also Kinnow) to 6.46 mt from 6.73 mt, grape to 3.4 mt from 3.65 mt, pineapple to 1.7 mt from 1.71 mt, pomegranate to 2.8 mt from 2.82 mt and water melon to 4.62 mt from 4.85 mt.
Though overall vegetables production is estimated to marginally drop, output of tomato, mushroom, tapioca , bhindi (okra), peas, pumpkin, sweet potato, green chillies and radish are likely to be on higher side.
Tomatoes up 10%
Among the essential commodities, production of tomato is likely to be up by 10 per cent but onion may drop 11 per cent while potato is seen to be almost at par with last year.
Among the spices group, the production of cardamom, ajwain, turmeric, fennel, garlic, coriander, clove and celery, dill & poppy is seen to be higher from 2024-25. But, the output of cumin, ginger, curry leaf, Rred chillies (dried), black pepper, Ttamarind, saffron and vanilla is likely to drop.
In the plantation group, coconut production is pegged at 14.92 mt against 13.97 mt in 2024-25 while that of areacanut at 1.53 mt from 1.49 mt and betel leaves at 684,000 tonne against 685,000 tonne. But the output of cashewnut and cocoa is likely to be stagnant at 802,000 tonne and 33,000 tonne, respectively.
