Swiggy and HDFC Bank on March 7 launched two new co-branded credit cards — the Swiggy BLCK HDFC Bank Credit Card and the Swiggy Ornge HDFC Bank Credit Card — expanding a partnership that first began in 2023. The cards are being rolled out in phases and can be applied for through the Swiggy app or HDFC Bank’s digital channels.
The BLCK variant is positioned for lifestyle and premium spenders, offering 10 per cent cashback on Swiggy transactions, up to 5 per cent cashback on entertainment, travel, and e-commerce platforms, and a complimentary three-month Swiggy One BLCK membership. The Ornge card is aimed at everyday shoppers, offering 5 per cent cashback across Swiggy and a range of online categories including travel and local cabs, along with a 12-month Swiggy One membership. Both cards offer 1 per cent cashback on all other transactions.
Together, the two variants offer up to ₹48,000 in annual savings. Both cards also come with instant discounts through partner platforms: 19 per cent off plus 5 per cent cashback on hotel bookings via Cleartrip, 6 per cent off plus 5 per cent cashback on flights, and 5 per cent off plus 5 per cent cashback across Nykaa apps.
Phani Kishan Addepalli, Co-Founder and Chief Growth Officer of Swiggy, said the new cards were designed to make rewards more accessible as consumers increasingly spend across lifestyle categories. Vidya Pradeep, Head of Credit and Debit Cards at HDFC Bank, said the two distinct variants were intended to offer customers greater flexibility across high-frequency and premium spending.
Existing holders of the original Swiggy HDFC Bank Credit Card, launched in 2023, retain their cashback benefits across 30-plus online platforms including Amazon, Flipkart, and Myntra. Card issuance for the new variants remains subject to HDFC Bank’s credit and eligibility criteria.
Markets to open lower as Iran-Israel/US hardening their stance, global investors are suffering as economic fallout is going to be bigger than earlier perceived.
| Photo Credit:
KanawatTH
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 9th March 2026.
Markets opened sharply lower on Monday, March 9, with the Sensex and Nifty dropping nearly 3 per cent in early trade as spiking crude oil prices and escalating West Asia tensions triggered a broad-based selloff.
The Sensex, which closed at 78,918.90 on Friday, opened at 77,056.75 and fell further to 76,688.33, down 2,230.57 points or 2.83 per cent by 9.20 am. The Nifty 50 opened at 77,056.75 against its previous close of 78,918.90, sliding to 23,762.25, a loss of 688.20 points or 2.81 per cent. Gift Nifty had signalled the rout, hovering around 23,754 — down nearly 791 points — before the opening bell.
The selloff comes on the heels of a bruising week for domestic markets, with the Nifty having already lost 728 points or 2.89 per cent last week, closing at 24,450.45 after touching a weekly low of 24,305. The Bank Nifty ended last week at 57,783, shedding 1,272.60 points.
March 9, 2026 12:10
GAIL, Petronet LNG, Gujarat Gas, ATGL fall up to 6% as West Asia conflict sparks supply disruption fears
Shares of leading gas and liquefied natural gas companies witnessed sharp selling pressure on Monday as escalating tensions between Iran and the Israel–US alliance heightened fears of prolonged disruption in global energy supply chains.
GAIL, Petronet LNG, Gujarat Gas, ATGL fall up to 6% as West Asia conflict sparks supply disruption fears
Shares of major gas companies plummet as West Asia conflict raises fears of LNG supply disruptions, impacting investor sentiment.
March 9, 2026 12:06
AU Small Finance Bank drops 4% on RBI’s universal bank approval tweak
AU Small Finance Bank shares traded 4% lower on the NSE at ₹924.80.
The bank had informed exchanges that the RBI modified its in-principle approval to become a universal bank.
Previously, RBI stipulated that promoters/promoter group shareholding in the transitioned Universal Bank must be held through a Non-Operative Financial Holding Company (NOFHC). This NOFHC requirement is now deferred and will only apply if the Bank or its promoter group establishes any new group entity in the future.
March 9, 2026 12:04
Marketdown
Tata Power shares traded at ₹369.30 on the NSE, down 2%.
Company had announced its collaboration with Salesforce to digitally transform its rapidly expanding rooftop solar (RTS), EV charging, and smart home solutions businesses.
March 9, 2026 12:03
Marketdown
Meesho shares were locked in the circuit of ₹143.34, down 10%, following the receipt of tax demand for ₹1,499 crore.
March 9, 2026 11:51
Stock market
Rajputana Stainless IPO subscribed 6% at 11.48 am on day 1. QIBs: NIL; NIIs: 0.15 times; Retail 0.02 times.
March 9, 2026 11:50
Industryupdate
ARCIL announces the appointment of Phanindranath Kakarla as Chief Executive Officer and Managing Director
IPO bound Asset Reconstruction Company (India) Limited (ARCIL), India’s pioneer asset reconstruction company, today announced the appointment of Phanindranath Kakarla as Chief Executive Officer and Managing Director, effective March 8, 2026. He succeeds Pallav Mohapatra, who steps down following the completion of his term as CEO & MD under the company’s planned leadership succession transition.
March 9, 2026 11:49
Industryupdate
Raymond Realty Limited Announces 7th Major Joint Development Project in Mumbai; Shares down 1% on the NSE to Rs 376.65
March 9, 2026 11:44
HDFC Bank shares slide 4% to 52-week low, Kotak upgrades to buy
HDFC Bank shares slide 4% to 52-week low, Kotak upgrades to buy
HDFC Bank shares hit a 52-week low, down 4%, but Kotak upgrades to buy, citing recovery potential.
March 9, 2026 11:44
PG Electroplast shares tank 5% on the NSE to ₹579.15.
PGEL Gas Suppliers has communicated regarding a shortage of Gas under its Gas Sale and Purchase Agreement. The said communication is due to the constraints faced by certain vessels arising from maritime navigation restrictions in light of the recent ongoing war in the Middle East region impacting the gas supply scenario, the availability of gas has become severely constrained. Consequently, due to supply restrictions imposed by the suppliers, the allocation of LPG quantities to PGEL under the said contract has been constrained with effect from March 09, 2026.
March 9, 2026 11:44
Swiggy shares traded at ₹295.55 on the NSE, down 2%.
Swiggy, India’s pioneering on-demand convenience platform, and HDFC Bank, India’s largest private sector bank, today announced the expansion of their co-branded credit card portfolio with the launch of two new variants: the Swiggy BLCK HDFC Bank Credit Card and the Swiggy Ornge HDFC Bank Credit Card.
March 9, 2026 11:43
Hyundai Shares traded at ₹2,021.60 on the NSE, down 3%
Hyundai Motor India Limited Reignites the Mid-size Sedan Segment Launches the new Hyundai VERNA at a starting price of ₹10,98,400
March 9, 2026 11:43
Industryupdate
Repco Home Finance approved the raising of funds by way of issuance of NCDs through private placement basis for an issue size of Rs.125 crore.
March 9, 2026 11:22
IndiGo shares plunge over 8% to 52-week low amid West Asia conflict, brokerages see long-term upside
IndiGo shares plunge over 8% to 52-week low amid West Asia conflict, brokerages see long-term upside
Shares of InterGlobe Aviation, the parent company of IndiGo airlines, tumbled more than 8 per cent to hit a 52-week low of ₹4,035 as escalating conflict in West Asia rattled aviation stocks and triggered a spike in global crude oil prices.
March 9, 2026 11:01
Paras Defence Shares traded at Rs 731 on the NSE, down 2.45%
Paras Defence and Space Technologies announced the receipt of an order from DRDO, Ministry of Defence valued at approximately Rs. 80.28 Cr. (Incl. of Taxes) for Development of High Precision Optical System for Air Defence Applications.
March 9, 2026 11:00
Technicalcallbuy
Coal India bucks market selloff, Axis Securities upgrades stock to ‘Buy’
Coal India bucks market selloff, Axis Securities upgrades stock to ‘Buy’
Coal India Ltd shares rose 0.76 per cent to ₹443.80 on the NSE on Monday morning, making it the only gainer on the Nifty 50 index amid a broader market decline, after brokerage Axis Securities upgraded the stock to ‘Buy’ with a revised target price of ₹500.
March 9, 2026 10:59
Nifty Bank Prediction Today – March 09, 2026: More fall on the cards
Nifty Bank Prediction Today – March 09, 2026: More fall on the cards
Nifty Bank index faces further decline, with predictions of falling to 54,000 amid negative market sentiment and resistance levels.
US said to order diplomats in Saudi Arabia to leave, NYT says
Non-critical American government staff and their families stationed at diplomatic posts in the area had been given the option to depart voluntarily, but now are ordered to do so
March 9, 2026 10:24
NSE
Nifty Prediction Today – March 09, 2026: Nifty 50 Futures: Stay out of the marketq
Nifty Prediction Today – March 09, 2026: Nifty 50 Futures: Stay out of the market
Nifty 50 March Futures contract has support around 23,750 which needs a close watch during the day
March 9, 2026 10:21
Aviation stocks – IndiGo and SpiceJet hit 52-week lows today. OMCs HPCL, BPCL and IOC dragged
ONGC, Oil India gain while OMCs (HPCL, BPCL, IOC) and aviation stocks slide as crude rally shakes markets
Crude oil prices surge, benefiting producers while OMCs and aviation stocks decline, raising inflation concerns in energy-importing nations.
March 9, 2026 10:21
BSE
Among 4,081 stocks that were traded on the BSE at around 10.18 am, 3,229 declined, 199 remained unchanged and only 653 stocks advanced.
About 52 scrips scaled to 52-week high, while 692 stocks hit 52-week low. In addition, 125 counters hit the upper circuit and 210 hit the lower circuit.
March 9, 2026 10:20
Stock market
Coal India posted 1% gain, trading at ₹445 among the Nifty 50 pack. Reliance, Wipro and ONGC traded flat. IndiGo, SBI and Shriram Finance fell up to 6.5%.
March 9, 2026 10:19
Banking
Nifty PSU Bank traded over 5% lower at 8,695.50.
Top losers: Bank of Maharashtra (-6%), SBI (-5.89%), Bank of India (-5.73%), Union Bank (-5.68%), Canara Bank (-5.20%)
March 9, 2026 10:18
Gold slumps as oil surge stokes fears of higher interest rates
Gold fell, pressured by a stronger US dollar and concerns over higher interest rates, as the war in the Middle East extended into a second week and oil surged toward $120 a barrel. Bullion tumbled as much as 3% to $5,015 an ounce, following its first weekly decline in more than a month, before paring some losses. Read more
March 9, 2026 10:08
Banking stocks bleed as oil shock, FII selling batter Nifty Bank
Banking stocks opened sharply lower on Monday morning, with the Nifty Bank index falling 2,390 points, or 4.14 per cent, to 55,393 in early trade, as a surge in global crude oil prices and sustained foreign institutional selling compounded existing market weakness. Read more
March 9, 2026 10:03
Industryupdate
Avenue Supermarts has opened new stores in the following locations
“Bitcoin’s dip below the $66,000 mark reflects how closely digital assets are now intertwined with global macro developments. The sharp surge in crude oil prices amid escalating tensions in the Middle East has triggered a broader pullback across equities and crypto. When energy prices rise rapidly, investors often rebalance portfolios toward more defensive positions, which can temporarily weigh on assets like Bitcoin.
In phases like this, investors should focus on maintaining a disciplined and long term approach rather than reacting to short term volatility. Periods of market correction often provide opportunities to reassess portfolio allocation, accumulate gradually, and stay diversified across asset classes. For crypto participants in particular, staggered investments and a clear investment horizon can help navigate market fluctuations more effectively while staying aligned with long term conviction in digital assets.”
March 9, 2026 10:01
Industryupdate
Edelweiss Financial Services has completed the same of 4.4% of EAAA India Alternatives’ common equity
March 9, 2026 10:01
Industryupdate
AbhiBus (ixigo’s bus business), one of India’s leading online bus ticketing platforms, has partnered with Uber to power intercity bus ticket bookings within the Uber app.
March 9, 2026 10:00
Marketdown
Puravankara Enters Joint Development Project on Hennur Road, Bengaluru GDV Over ₹1,300 Crore. Shares traded at ₹178.46 on the NSE, down 5%
Rupee weakens 49 paise amid rising crude oil prices, impacting G-Sec yields and inflation concerns amid West Asia conflict.
March 9, 2026 09:44
Marketdown
Share market live today: Markets tank 2.8% as oil shock rattles Dalal Street
Markets tank 2.8% as oil shock rattles Dalal Street
Markets plunge 2.8% as rising oil prices and West Asia tensions spark a major selloff on Dalal Street.
March 9, 2026 09:34
Ms on Tata Motors PV
Maintain Equal-Weight, Target: ₹360
Jaguar phase-out; focus on Land Rover data
Land Rover US February data was weak
EU top five markets recovered
Sales in Germany, UK, France, Italy & Spain rose 19% YoY in Feb 2026 vs flat YoY in Jan 2026
Combined LR sales in the US & EU top five fell 7% YoY in Feb 2026 vs 15% decline in Jan 2026
West Asia may remain weak in Q4FY26
China imports fell 28% in Jan 2026; Feb data awaited
March 9, 2026 09:34
BofA India strategy (Amish Shah)
Navigating geopolitical volatility
Expect Nifty to deliver 11% EPS growth in FY27 vs street at 16%
A time-bound resolution of the conflict could lead to a sharp relief rally
Rally could extend to capital market plays (AMCs, brokerages, exchanges & custodians) as well as Private Banks and Cement
Recent pullback stems more from FII outflows led by macro uncertainty than deterioration in underlying fundamentals
If conflict drags on, these sectors will continue to correct further
BofA preferred themes / avoids
Prefer Defense over EPC contractors
Prefer Coal, Wires & Cables and Data center themes over Railways, Ports/Logistics, Industrials, Infrastructure, EMS, Shipbuilding and Cement
Among defensives, prefer Telecom, Hospitals and Pharma versus Utilities, Renewables, Staples and Retailers
Prefer Upstream energy and non-ferrous metals over Downstream energy and Steel
Within Discretionary, favor QSR, Quick Commerce, Jewelers and Two wheelers over Airlines/Airports, Hotels, Durables, Real Estate, Alcoholic beverages, Auto Ancillaries and Tyres
Within Financials, prefer Exchanges over AMCs & Capital market plays and Banks over NBFCs, Insurance and Housing Finance
March 9, 2026 09:34
Citi on Siemens
Recommendation: Neutral, Target: ₹3,350
Mid-to-long term macro setup supported by India’s intent to increase manufacturing’s GDP share
Siemens highlighted next phase of industrial digitalization – moving from digital twins to Industrial AI
Company leveraging currently unused factory data to improve productivity
Positioning Xcelerator platform and ecosystem partnerships to embed early in project design
Prioritizing industry-specific AI solutions so pilots don’t stall and can be rolled out at scale
March 9, 2026 09:34
Info tech
Citi on Infosys
Recommendation: Neutral, Target: ₹1,440
Financial services and energy/utilities/resources seeing decent momentum
AI deflation impact has been lingering for past 2 years
Preparatory spend spread across the six new value pools will offset this over next few years
Gap between AI evolution & AI adoption is big & growing
Multiple levers on Project Maximus – room to generate more efficiency
Margins – gross margins have expanded slightly year-on-year and have been reinvested in AI and sales/marketing
Large AI partnerships – Infosys believes they have a big value proposition
March 9, 2026 09:33
Info tech
HSBC on IT sector
Can FY27 guidance change sentiment?
AI narrative continues to de-rate IT stocks
FY27 guidance from Infosys and HCL are key imminent events for the sector
Expect companies to shift away from ‘beat-and-raise’ guidance to more ‘realistic to even aggressive’ guidance
Expect Infosys to offer 2.5-5% and HCL to offer 4.5-6.5% growth guidance in April
March 9, 2026 09:33
Mosl on Nippon India AMC
Maintains Buy rating with a revised target price of ₹1,040 (from ₹1,060)
Fastest-growing AMC with steady SIP flows and ETF dominance
Fund performance remains stable over the last few months
Alternatives (AIF Platform) – building a scalable, margin-accretive adjacency
Regulatory impact on yields – gradual compression with mitigation levers
Ongoing business diversification and prudent cost management expected to mitigate yield compression impact and support valuation resilience
Expect a CAGR of 16%/17%/18% in revenue/EBITDA/core PAT over FY26–28E
March 9, 2026 09:32
Citi on India beverages
Karnataka budget reforms expected to support faster growth in the beer segment
Improved affordability may increase beer consumption and category adoption
Premiumisation in IMFL likely to accelerate with pricing flexibility
Companies gain better control over portfolio and pricing strategies
Policy could ease margin pressures during periods of input cost inflation
Shift away from government-controlled pricing supports industry profitability
Technology-driven compliance expected to benefit organised players most
March 9, 2026 09:32
Morgan Stanley on Lupin
Maintains Equal Weight rating with a target price of ₹2,386 (unchanged)
US FDA inspection concluded at Ankleshwar facility March 2 to 7
Two observations issued in Form 483
Company to respond within stipulated timeframe
Event seen as manageable regulatory development
FY26 strong earnings driven by gJynarque, gMyrbetriq, gSpiriva
Competition and pipeline gestation may moderate growth post FY26
March 9, 2026 09:31
Citi on Torrent Pharmaceuticals
Maintain Buy with a target price of ₹5,100 (up from ₹4,380)
Company focusing on integrating the JB acquisition, realising synergies and reducing debt
Management expects ₹4–4.5bn cost synergies from JB
Deal strengthens presence in select India pharma market segments and emerging markets
India business (Torrent + JB) expected to sustain double-digit growth
US business focus on reaching EBITDA positive post-R&D and scaling to $200mn+ revenue
EBITDA margins expected to expand and net debt/EBITDA to decline; net cash expected by FY30E
One of Citi’s preferred picks in Indian pharma
March 9, 2026 09:31
Infrastructure
HSBC on Ambuja
Maintain Buy with TP of Rs 670
Sanghi cost reduction a positive
Focus on utilisation and ROI vs capacity addition encouraging
Sanghi visit highlights a large, high quality limestone reserve base and growth optionality at the Sanghi assets
Like management’s commentary on utilising the existing asset base and improving ROI before further expansions
Like margin expansion story at an attractive valuation
March 9, 2026 09:30
Banking
Macquarie on Banks
Farm loan waivers are back
Maharashtra government announces farm loan waiver in the budget
Farm loan waiver of up to Rs 0.2mn for farmers who had outstanding crop loans end-September last year
Farm loan waivers are bad for credit culture, Agri NPLs shoot up
Had seen agri NPLs coming down over the past several years and hence this development is negative in our view
PSU banks to be impacted more than private sector banks
All banks in India have to meet their priority sector targets and agri loan targets, PSU bank customers or farmers are usually more vulnerable
Even today private sector bank agri NPLs are much lower
March 9, 2026 09:29
UBS on AU Small Fin BK
Neutral, TP Rs 1100
RBI eases promoter holding norms via “NOFHC” for transition to a Universal bank
Non Operative Financial Holding Company (NOFHC) requirement applies only if bank forms a group entity
Bank to submit its Universal Banking license application soon.
Slight positive as it eases the path for transition to a universal bank
March 9, 2026 09:29
Kotak Inst Eqt on HDFC BK
Upgrade to Buy, TP Rs 1050
Upgrade noting recent underperformance & a price correction that has widened its valuation discount to peers
While business model & loan book remain broadly comparable across large banks, HDFC Bank’s liability-side constraints justify a lower multiple.
At current levels, would want to believe that downsides are fairly limited, but do acknowledge that a sharp outperformance needs greater visibility of improvement in liability franchise
Re-rating needs a degree of confidence on NIM expansion
March 9, 2026 09:26
Kotak Inst Eqt on Interglobe Aviation
Upgrade to Buy, TP Rs 5500
note large exposure of airlines to crude prices and jet fuel spreads, limiting ability to forecast cost structures and take a call on the price elasticity of near-term demand
What investors should be more mindful of is fast-growing losses of Indigo’s peers.
Aggregate investments of this subset are meaningful, requiring better-than Indigo’s peak post-Covid pre-tax operational profitability to achieve high-single-digit post-tax returns.
Airlines are better understood as a play on consumer spending, with consumer eventually paying for inflation over time & airlines benefiting from bouts of deflation.
March 9, 2026 09:26
Industryupdate
Morgan Stanley on Asia chemicals
Straits of Hormuz disruption halts propane and LNG tanker flows
About 10 percent olefin capacity already shut or idle
Capex cuts helped chemical companies generate positive free cash flow
Additional 4mmtpa olefin capacity reduced due to feedstock constraints
PCS Singapore, Chandra Asri, Yeochun impacted by disruptions
ONGC Dahej unit operating rates reduced due to LNG shortage
Prefer olefins and PVC chains in India, Malaysia, Thailand
March 9, 2026 09:24
Industryupdate
Share market live today: Morgan Stanley on Reliance Industries
Maintains Overweight rating with a target price of ₹1,803 (unchanged)
Tight global markets keeping refining margins higher
Ability to process heavy and sour crude supportive
Diversified crude sourcing among global refiners supportive
Chemical cycle recovery underway
Access to US ethane and internal naphtha supportive
FY27 earnings could see 6 to 8 percent uplift
Stock trading at discount to local peers across verticals
March 9, 2026 09:21
Marketdown
Stock market live today: Sensex plunged 1926.01 pts
Sensex plunged 1926.01 pts or 2.44% to 76,992.89 at 9.16 am after opening at 77,056.75 from the previous close of 78,918.90. Nifty 50 slumped 647.85 pts or 2.65% to 23,802.60 after opening at 23,868.05, from the previous close of 24,450.45.
March 9, 2026 09:14
Commodities
Stock Market live today: Crude oil update
Crude oil futures surged more than 24 per cent on Monday morning, crossing the $100-a-barrel-mark following production cuts by oil producing countries in West Asia. At 9.11 am on Monday, May Brent oil futures were at $114.97, up by 24.04 per cent, and April crude oil futures on WTI (West Texas Intermediate) were at $114.60, up by 26.07 per cent. March crude oil futures were trading at ₹8864 on Multi Commodity Exchange (MCX) during the initial hour of trading on Monday against the previous close of ₹8363, up by 5.99 per cent, and April futures were trading at ₹8500 against the previous close of ₹8019, up by 6 per cent.
March 9, 2026 09:09
Rupee may open at all‑time low, pressured by $100‑plus crude; RBI response eyed
Rupee may open at all‑time low, pressured by $100‑plus crude; RBI response eyed
The Indian rupee may open at a record low as rising crude prices raise concerns about India’s economic stability.
March 9, 2026 09:06
Industryupdate
Beneficiaries of Rise in Crude Oil Prices
ONGC
OIL INDIA
MRPL
JINDAL DRILLING
ANTELOPUS
DEEP IND
DOLPHIN OFFSHORE
March 9, 2026 09:05
Marketdown
Today triple blood bath
Crudeoil +20%
NG +8%
Silver -5%
Gold -2%
Copper -2%
*SGX Nifty -828*
March 9, 2026 09:03
Global bits
China – Targeted 4.5–5% growth for 2026 amid weak consumer demand and rising oil-driven inflation risks pressuring regional markets.
Euro Area (Europe) – Markets slumped on Middle East tensions and inflation fears, while leaders warn the traditional workforce-driven growth model is fading.
United States – Manufacturing and labor markets remain resilient despite rising input costs, though travel stocks and inflation risks reflect geopolitical strain.
Canada – Policy shifts improving energy project prospects, benefiting North American investment outlook.
Latin America (Region) – Positioned for potential crude export gains amid jet fuel shortages, while U.S. initiatives aim to counter China’s regional influence.
Russia – Facing budget strain, slowing growth, and sanction pressure while pivoting LNG exports toward Asia to offset lost European demand.
South Africa – Business confidence improved and World Bank support boosted infrastructure financing, but oil-driven inflation risks pressure markets and rate decisions.
Australia – Strong Q4 growth and corporate activity contrast with rate hike risks and Middle East-linked headwinds.
Source: Reuters
March 9, 2026 08:58
Indian shares set for steep drop as widening West Asia war drives oil spike
Higher crude oil prices are expected to pressure India’s economy and weigh on stocks, stoking inflation worries, straining the fiscal balance and the rupee, while pushing up import costs in the world’s third-largest oil importer.
Indian shares set for steep drop as widening West Asia war drives oil spike
Indian shares are poised for a sharp decline as surging oil prices and escalating West Asia tensions raise inflation concerns.
March 9, 2026 08:48
Rupee may open at all‑time low, pressured by $100‑plus crude; RBI response eyed
The rupee may slip to a record low at open on Monday, as a sharp surge in global oil prices fuelled by the widening Middle East conflictdeepened concerns over India’s external balances, while traders were on alert for potential central bank intervention. (Reuters)
March 9, 2026 08:04
Stock market
Indian stocks to sink on global meltdown; Nikkei, Korea plunge over 7%
Indian stocks to sink on global meltdown; Nikkei, Korea plunge over 7%
Indian stocks face a weak opening amid global turmoil, driven by geopolitical tensions and surging crude oil prices.
March 9, 2026 07:09
Industryupdate
Pharma exporters brace for Rs 5,000-crore hit as US-Iran war drives up freight costs
Exporters face steep surcharge of $4,000–$8,000 per shipment, driving up logistics costs for drugmakers heavily dependent on the Gulf and the wider West Asia market.
March 9, 2026 07:08
Banking
Starting July 1, 2026, RBI will cover up to 85% of digital fraud losses (max ₹25,000) for incidents up to ₹50,000, provided the fraud is reported within 5 days.
March 9, 2026 07:08
Technicalcallbuy
Today’s Stock Recommendation: March 9, 2026
March 9, 2026 07:07
Nifty and Bank Nifty Prediction for the week 09 Mar’26 to 13 Mar’26 by BL GURU
March 9, 2026 07:06
NSE
Nifty & Bank Nifty இந்த வாரம் (09 Mar’26 to 13 Mar’26) என்ன ஆகும்? எங்கு செல்லும்?
Power/defence/AI themes position fund for infra boom recovery.
March 9, 2026 07:05
Industryupdate
KwalityWalls announces its Q3 results
🍦Net Loss At ₹178.4 Cr Vs ₹100.2 Cr (QoQ)
🍦Revenue Down 30.5% At ₹223.4 Cr Vs ₹321.7 Cr (QoQ)
🍦EBITDA Loss At ₹64.27 Cr Vs EBITDA Loss Of ₹56.29 Cr (QoQ)
March 9, 2026 07:02
Industryupdate
India’s top five listed real estate developers’ sales rises to ₹84,000 crore
India’s top five listed real estate developers—Godrej Properties, Prestige Estates, DLF Ltd, Lodha Developers, and Signature Global—saw their combined sales bookings rise by nearly 20% to approximately Rs 84,000 crore (precisely Rs 83,831.3 crore) during the first nine months of FY 2025–26 (April–December 2025).
This growth, reported in a Times of India article published on March 4, 2026, was primarily driven by strong and sustained demand for premium and luxury homes (typically priced above Rs 1 crore), even as overall housing sales volumes dipped in some areas.
These five firms accounted for 63% of the total pre-sales of Rs 1,32,569 crore recorded by 28 major listed developers in the same period. Post-COVID, buyers have increasingly favored branded, listed developers for their financial strength and reliable delivery timelines, boosting their market share. Godrej Properties led with Rs 24,008 crore, followed closely by Prestige Estates at Rs 22,327.3 crore.
March 9, 2026 07:01
Technicalcallbuy
BLOCK DEAL ALERT: ANTHEM BIOSCIENCE
Viridity Tone LLP to sell shares worth upto Rs 1260 crores
Offer floor price at Rs 620 per share
Viridity (True North) to sell upto 3.6% stake at upto 6.5% discount to CMP
Base offer size is 2.9% equity + 0.7% greenshoe
Nomura Broker to the deal terms show
March 9, 2026 07:00
Review
🌍 Global Markets Update
📉 NASDAQ 100 futures drop 2% after oil spikes on war impact.
📉 KOSPI 200 futures fall 5%, halting program trading for 5 minutes. South Korea’s KOSPI falls more than 6% as Samsung and SK Hynix tumble.
📉 Australia’s S&P/ASX 200 falls as much as 3.6% to 8,536.10.
📉 Japan’s Nikkei index drops more than 5% after open.
🛢️ Brent crude futures rise as much as $16.0 to $108.0/bbl.
🪙 Spot gold falls 2% to $5,066.60 per ounce.
🪙 Spot silver falls more than 3% to $81.34 per ounce.
💱 Euro down 0.77%; pound sterling down 0.85%.
March 9, 2026 06:57
Technicalcallbuy
Stock to buy today: Kirloskar Brothers (₹1,639.75)
Stock to buy today: Kirloskar Brothers (₹1,639.75)
Buy Kirloskar Brothers stock at ₹1,639; expect a rally to ₹2,100 with key support at ₹1,480.
Rupee vs Dollar: दुनियाभर में बढ़ते भू-राजनीतिक तनाव और कच्चे तेल की कीमतों में तेज उछाल के कारण निवेशक सुरक्षित निवेश माने जाने वाले अमेरिकी Dollar की ओर रुख कर रहे हैं. इसका असर भारत जैसे उन देशों पर अधिक पड़ रहा है, जो ऊर्जा जरूरतों के लिए बड़े पैमाने पर आयात पर निर्भर हैं. हफ्ते के पहले कारोबारी दिन की शुरुआत में ही रुपया 46 पैसे टूटकर डॉलर के मुकाबले 92.28 के रिकॉर्ड निचले स्तर पर पहुंच गया.
अंतरबैंक विदेशी मुद्रा बाजार (Interbank Forex Market) में रुपया 92.22 प्रति डॉलर पर खुला और आगे गिरते हुए 92.28 प्रति डॉलर तक पहुंच गया. यह पिछले बंद स्तर से 46 पैसे की बड़ी गिरावट है. इससे पहले 4 मार्च को रुपया 92.35 प्रति डॉलर के अपने अब तक के सबसे निचले इंट्रा-डे स्तर तक पहुंच गया था.
रुपये में क्यों गिरावट?
विदेशी मुद्रा कारोबारियों के अनुसार पश्चिम एशिया में बढ़ते संघर्ष के कारण कच्चे तेल की कीमतों में भारी उछाल आया है, जिससे भारत जैसी बड़ी तेल आयातक अर्थव्यवस्था की मुद्रा पर दबाव बढ़ गया है. वैश्विक तेल मानक Brent Crude वायदा कारोबार में 25.68 प्रतिशत उछलकर 116.5 डॉलर प्रति बैरल पर पहुंच गया. United States, Israel और Iran के बीच बढ़ते तनाव से तेल बाजार में तेज उछाल आया है. Finrex Treasury Advisors LLP के कार्यकारी निदेशक Anil Kumar Bhansali ने कहा कि तेल की कीमतों में उछाल के कारण रुपये पर दबाव बना रहेगा.
एशिया की अन्य मुद्राएं भी सोमवार को कमजोर रहीं. उनका कहना है कि यदि आने वाले कारोबारी सत्रों में कच्चे तेल की कीमत 100 डॉलर प्रति बैरल से ऊपर बनी रहती है तो रुपया 93 प्रति डॉलर के स्तर तक गिर सकता है. इस बीच छह प्रमुख मुद्राओं के मुकाबले डॉलर की मजबूती को मापने वाला US Dollar Index 0.66 प्रतिशत बढ़कर 99.64 पर पहुंच गया.
घरेलू शेयर बाजार में भी भारी गिरावट दर्ज की गई. BSE Sensex शुरुआती कारोबार में 2,345.89 अंक गिरकर 76,573.01 पर आ गया, जबकि Nifty 50 708.75 अंक टूटकर 23,741.70 पर पहुंच गया. शेयर बाजार के आंकड़ों के मुताबिक विदेशी संस्थागत निवेशकों (Foreign Institutional Investors) ने शुक्रवार को शुद्ध रूप से 6,030.38 करोड़ रुपये के शेयर बेचे थे.
भारत पर क्या होगा असर?
भारत दुनिया का तीसरा सबसे बड़ा कच्चा तेल आयातक देश है. ऐसे में वैश्विक ऊर्जा कीमतों में किसी भी बदलाव का सीधा असर देश की अर्थव्यवस्था पर पड़ता है. जब तेल की कीमतें बढ़ती हैं तो भारत का आयात बिल बढ़ जाता है. चूंकि तेल का भुगतान डॉलर में होता है, इसलिए रुपये के कमजोर होने पर भारत को तेल खरीदने के लिए अधिक स्थानीय मुद्रा खर्च करनी पड़ती है. इसके अलावा तेल महंगा होने से देश का राजकोषीय घाटा भी बढ़ सकता है और महंगाई पर दबाव बनता है.
कमजोर रुपये का असर निवेशकों के भरोसे पर भी पड़ता है. वैश्विक अनिश्चितता के दौर में निवेशक अक्सर शेयर बाजार से पैसा निकालकर सुरक्षित निवेश जैसे Gold और Silver की ओर रुख करते हैं. हालांकि कमजोर रुपये का कुछ क्षेत्रों को फायदा भी होता है. आईटी, फार्मा और टेक्सटाइल जैसे सेक्टर की कंपनियों की कमाई डॉलर में होती है, इसलिए रुपये के कमजोर होने से उनकी आय में बढ़ोतरी हो सकती है.
Tamil Nadu Chief Minister M.K. Stalin
| Photo Credit:
JOTHI RAMALINGAM B
Tamil Nadu Chief Minister MK Stalin on Sunday inaugurated various projects worth ₹44.88 crore in the North Chennai region, the government said.
Stalin inaugurated three projects of Chennai Metropolitan Development Authority, executed at a cost of ₹28.25 crore in his Kolathur Assembly constituency.
He unveiled three projects of the Greater Chennai Corporation, completed at ₹4.15 crore and launched sewage pumping stations of Chennai Metropolitan Water Supply and Sewerage Board, upgraded at a cost of ₹12.48 crore.
The CMDA projects inaugurated by him include Murasoli Maran Park, Kalaignar Centenary Coin Commemorative Pillar, which has a musical fountain, long walkways, and two badminton courts. Stalin inaugurated a library and a modern market constructed on 61,230 sq ft of land in Kolathur.
The Greater Chennai Corporation projects inaugurated by Stalin include a women’s gymnasium, multipurpose centre, fair price shops and a government primary school building. The school comprises 14 classrooms on the ground and first floors and will benefit 150 students.
Later, the chief minister distributed welfare assistance to 3,200 members of the Muslim community, laptops and certificates to 85 students of Anitha Achievers Academy, sewing machines to 320 women, new clothes and spectacles to 200 people who underwent eye examinations at the Dr Kalaignar Eye Hospital, the release added.
Minister for Hindu Religious and Charitable Endowments, P K Sekarbabu, Greater Chennai Corporation Mayor R Priya, MP Kalanidhi Veerasami and senior government officials were present on the occasion.
Gold fell, pressured by a stronger US dollar and concerns over higher interest rates, as the war in the Middle East extended into a second week and oil surged toward $120 a barrel.
Bullion tumbled as much as 3% to $5,015 an ounce, following its first weekly decline in more than a month, before paring some losses. Major oil and gas producers in the Persian Gulf region curbed output as the US-Israeli war with Iran showed no sign of resolution, while the dollar strengthened against all of its major peers. A gauge of the US currency jumped as much as 0.7%.
Gold has come under pressure as spiking crude prices stoke inflation fears in the US, raising the likelihood that the Federal Reserve will leave interest rates unchanged for longer, or even raise them. Higher borrowing costs, as well a stronger dollar, are typically negative for precious metals. Bullion has also served as a source of liquidity during a deepening rout in global equities.
While trading has been choppy and upward momentum has stalled, gold has still gained around 18% so far this year. US President Donald Trump’s upheaval of global trade and geopolitics, as well as threats to the Fed’s independence, has supported safer assets. Elevated central-bank buying has also underpinned growth, and the People’s Bank of China bought more gold in February, extending its purchasing streak to 16 months.
A relatively swift end to the conflict would likely see the dollar weaken and gold rally, while a prolonged war would see the US currency and Treasury yields rise in anticipation of higher inflation — in turn, diminishing the likelihood of a rate cut, Ed Meir, metals analyst at Marex Capital Markets Inc., said in a note released March 7. “There is a time to buy, a time to sell and a time to simply wait,” he said. “The latter is the preferred course of action for the moment.”
The war in the Middle East has now entered its 10th day. Over the weekend, Tehran picked a new supreme leader and kept up attacks in the Persian Gulf region, while Israel struck fuel depots in the Iranian capital and threatened the Islamic Republic’s power grid. Attacks on energy infrastructure and a halt to shipping through the Strait of Hormuz, which normally handles a fifth of the world’s oil, have driven up prices of crude and natural gas.
Spot gold fell 1.5% to $5,093.39 an ounce as of 10:44 a.m. in Singapore. Silver dropped 2.2% to $82.66. Platinum declined 3% and palladium lost 0.6%. The Bloomberg Dollar Spot Index rose 0.5% after adding 1.3% last week.
More stories like this are available on bloomberg.com
FILE PHOTO: A man walks past the Reserve Bank of India (RBI) logo outside its headquarters in Mumbai, India, June 6, 2025. REUTERS/Francis Mascarenhas/File Photo
| Photo Credit:
FRANCIS MASCARENHAS
The Indian central likely stepped into the foreign exchange market on Monday, four traders told Reuters, to limit the rupee’s decline as a surge in oil prices pummelled currencies across Asia.
The central bank stepped in before the local spot market opened, helping the rupee rebound slightly from around 92.30 to 92.20 in the interbank order matching system.
The currency had declined to a record low of 92.3025 last week. An over 20 per cent jump in oil prices triggered a broad-based selloff in Asian stocks and currencies on Monday as investors fretted over the deepening conflict in the West Asia.
