27/03/26, market intraday news

Benchmark stock indices BSE Sensex and NSE Nifty tumbled sharply in early trade on Friday, snapping a two-day rally amid weak global cues and rising geopolitical tensions.

The 30-share BSE Sensex fell 926.92 points to 74,346.53, while the 50-share NSE Nifty declined 280.95 points to 23,025.50 in early trading. The sharp fall reflects cautious investor sentiment as global uncertainties weigh heavily on markets.

Market participants remained wary due to the ongoing tensions linked to the US-Iran conflict, which continues to impact global financial stability. Adding to concerns, crude oil prices have surged above $100 per barrel, raising fears of inflation and increased import costs for India.

Foreign institutional investors (FIIs) also continued their selling streak, further dampening market sentiment. Persistent outflows have made investors more risk-averse, contributing to the downward trend in equities.

Among Sensex stocks, major laggards included Bajaj Finance, Larsen & Toubro, Reliance Industries, InterGlobe Aviation, and Bajaj Finserv. On the other hand, gainers included Tata Consultancy Services, HCL Technologies, Tech Mahindra, and Trent.

In broader Asian markets, indices such as the Kospi and Nikkei 225 were trading lower, while the Shanghai Composite and Hang Seng showed mixed trends. Meanwhile, US markets had ended sharply lower in the previous session, further influencing investor sentiment globally.

Report by The Indian Witness ...source:Dailyhunt

27/03/26, war news snaps

27'02'26, excise duty cut on Petrol & Diesel

The government has reduced the additional excise duty on petrol and diesel to give relief to consumers at a time when fuel prices have been a major concern due to the ongoing conflict in West Asia.

 According to a government order issued on Thursday, excise duty on petrol has been reduced from Rs 13 per litre to Rs 3 per litre. This means petrol duty has been cut by Rs 10 per litre. Excise duty on diesel has been reduced from Rs 10 per litre to zero. This is also a cut of Rs10 per litre, which is expected to ease pressure on fuel prices.

The reduction comes amid a global energy crisis due to the US-Israel war on Iran and the consequent Tehran-imposed blockade on the Strait of Hormuz, through which a fifth of the world's crude oil and gas supply, between 20 and 25 million barrels per day, is shipped. Before the conflict, India bought 12 to 15 per cent of that oil.

According to the Gazette notification. "In exercise of the powers conferred by section 5A of the Central Excise Act, 1944 (1 of 1944) read with section 147 of Finance Act, 2002 (20 of 2002), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 05/2019-Central Excise, dated the 6th July, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(i), vide number G.S.R. 488(E), dated the 6th July, 2019, namely; In the said notification, I. in the Table, (i) against Sl. No. 1, in column (4), for the entry, the entry "Rs. 3 per litre" shall be substituted, (ii) against Sl. No. 2, in column (4), for the entry, the entry "Nil" shall be substituted."

This move brings relief to Oil Marketing Companies oil marketing companies who were losing money on the the marketing side because cost of crude oil shooting up. Retail prices of Petrol and Diesel remain unchanged as of now.

The Central Government, also exempted Aviation Turbine Fuel, from the whole of the Special Additional Excise Duty providing relief to the Aviation sector. Windfall tax on export of aviation turbine fuel has been fixed at 29.5 rupees/litre.

Earlier, the Government of India said that fuel supply across the country remains stable and retail fuel outlets are operating normally despite the ongoing developments in West Asia, urging the public not to believe rumours or resort to panic buying.

According to a statement released by the Ministry of Petroleum and Natural Gas, "All retail outlets are operating normally across the country", even as there were reports of panic buying in some areas due to rumours.

The ministry clarified that the country has adequate fuel supplies. "There are adequate stocks of petrol and diesel available at all Petrol Pumps in the country," the statement said, reiterating its advice to citizens "not to believe rumours."

The government also said that all refineries are operating at high capacity to ensure an uninterrupted energy supply. "All refineries are operating at high capacity, with adequate crude inventories in place," the ministry said, adding that domestic LPG production from refineries has been increased to support domestic consumption.

(With inputs from ANI)

27/03/26, Trade Set-Up

Open Interest- NIFTY50

Positioning

Trend	Wednesday	Tuesday
FIIs index short% (Futures)	85%	86%
PCR	1.25	1.06
OI (24,000 CE strike)	77 lakh	64 lakh

Institutional intelligence

Foreign institutional investors (FIIs) extended their selling streak to the twentieth consecutive session, offloading equities worth ₹1,805 crore on 25 March. With this, their cumulative outflow for March has risen to ₹1,07,010 crore, marking the second-highest monthly sales figure in the past two years.

In index futures, FIIs marginally reduced their bearish exposure ahead of the April series rollovers. The long-to-short ratio eased to 15:85 on 25 March, indicating gradual short covering as expiry approaches.

That said, the broader positioning remains firmly bearish with a clear tilt towards short contracts. Traders should stay cautious, as the undertone continues to favour selling on rallies. Unless NIFTY50 reclaims the crucial 23,850 resistance zone, the index is likely to face pressure at higher levels.

Key levels for NIFTY50

• Expiry: March 30
• Resistance: 23,850
• Support: 22,450
• Call concentration: 24,000
• Put concentration: 23,000
• Bullish above: 23,850
• Bearish below: 22,450

Trend summary: 1-hour chart

• Price: Above 20 EMA and 50 EMA
• RSI: 58 (Neutral to bullish)
• ADX: 26 ( Trending)

The NIFTY50 extended the gains on Wednesday by closing nearly 400 points higher. The index managed to hold the morning gains throughout the day and close near the intraday high levels, signalling strong buying on dips momentum on the index, amid positive global cues.

On the hourly charts, the index closed above the 20- and 50-EMA levels, suggesting sustained momentum. The RSI of 58 and the ADX of 26 suggest an overall bullish trend on the index in the short term.

If-then playbook

Scenario 1: NIFTY50 around 23,450 and 23,850

Following the bearish crossover between the 50 and 200 EMAs, the broader trend of NIFTY50 remains weak. The immediate resistance zones are placed at 23,450, 23,850, and 24,000. Any failure to sustain above these levels, particularly accompanied by bearish price action, could reinforce continuation of the bearish structure. However, a close above 23,450, will turn the structure rangebound.

Scenario 2: NIFTY50 below 22,450

The immediate support for NIFTY50 is placed around the 22,450 zone, in line with the March 23 low. With the index already correcting over 14% from its recent all-time high, the risk-reward for fresh shorts at current levels appears unfavourable, unless positions are initiated near key resistance zones. However, a decisive break below 22,450 would signal renewed weakness. It could open the door for a move towards 22,000, followed by the strong support zone around 21,700.

️ Market signals

GIFT NIFTY futures indicate a weak opening for NIFTY50 on Friday amid negative global market cues. Investors remained cautious on multiple conflicting reports on the Middle East.

The US markets closed sharply lower on Thursday after negotiation talks between the US and Iran failed to yield any results. The Dow Jones plunged 469 points, the S&P500 fell 114 points, and the NASDAQ tumbled the most by 521 points or 2.3%. However, the US stock market futures trade in green on Friday morning after President Trump delayed attacks on Iran's energy infrastructure by 10-days.

The crude oil prices bounced back a little from the near-term lows as the situation on the ground remains weak despite rounds of negotiations taking place. The Brent crude oil prices hovered near the $100 per barrel mark on Friday morning, after jumping 2% on Thursday.

Growing scepticism around the negotiation talks between the US and Israel pulled the Asian markets lower. The Japanese and Hong Kong benchmark indices fell nearly 2%, while the Korean index plunged over 3% on Friday morning.

By Upstox

27/03/26, Share Market Today

 Indian equity markets are likely to open on a positive note on Friday, with the BSE Sensex and NSE Nifty 50 expected to start the session in the green.

Investor sentiment has improved after Donald Trump reportedly delayed potential military action against Iranian energy infrastructure by 10 days, easing immediate geopolitical concerns. The development has helped calm global markets, particularly oil prices, which often react sharply to tensions in the Middle East. GIFT Nifty futures also followed suit, rising 78.5 points to 23,148.50 from the previous close of 23,070, indicating an upside of around 0.34%. In a post on Truth Social, Trump said he will pause planned strikes on Iranian energy facilities for 10 days, claiming that talks between the two sides are "going very well."

"As per Iranian Government request, please let this statement serve to represent that I am pausing the period of Energy Plant destruction by 10 Days to Monday, April 6, 2026, at 8 P.M., Eastern Time," Trump said on social media platform Truth Social. "Talks are ongoing and, despite erroneous statements to the contrary by the Fake News Media, and others, they are going very well," Trump wrote.

On March 25th Indian equity indices ended on strong note with Nifty closing above 23,300 on March 25. At close, the Sensex was up 1,205 points or 1.63 percent at 75,273.45, and the Nifty was up 394.05 points or 1.72 percent at 23,306.45.Bank Nifty witnessed a recovery with follow-up buying after the recent back-to-back sharp declines, indicating a short-term pullback in the index.All sectoral indices closed in the green, with Consumer Durables, Realty, and PSU Banks delivering the sharpest gains. Midcaps and smallcaps outperformed, as the Nifty Midcap 100 climbed 2.30% and the Nifty Smallcap 100 rose 2.59%. Market breadth stayed bullish for the second straight session, with the BSE advance-decline ratio at 2.17. The rupee weakened to 93.97 against the US dollar, amid sustained foreign fund outflows that kept investors cautious.The recent pullback has lifted Nifty above its 10-day SMA (23,240) for the first time since the drawdown triggered by West Asia war tensions. The daily RSI continues to show positive divergence, reinforcing the strength of this recovery. Key support has shifted higher to 23,060, while resistance looms in the 23,378-23,618 band.

Report by Lokmat Times 

27/03/26, Russia Gold Export ban:

In a significant move towards challenging the overwhelming hegemony of the US dollar in global trade, Russian President Vladimir Putin on Wednesday signed a decree banning the export of gold bars over 100 grams, which Moscow is says part of a broader campaign to counter "shadow economy" and restrict capital flight.

Is Putin's gold export decree aimed to challenge dollar hegemony?

However, geopolitical analysts believe the move is a major step towards efforts by Russia and China to dethrone the US dollar and shift global trade transactions from a promise-based settlement to collateral-based payment system.

In a substack post, veteran analyst Shanaka Anslem Perera noted how Putin's decree could hasten Russia and China's ambitious plan to replace the US dollar with a collateral-based settlement system in global trade

"The BRICS Unit, piloted October 2025, is a hybrid trade settlement currency backed 40 percent by physical gold and 60 percent by BRICS member currencies. Gold vaults are being established in member countries for same-day settlement. Russia's export ban ensures its 310 tons per year stays inside the system the Unit requires. The gold does not leave. It becomes collateral. The collateral becomes settlement. The settlement replaces the dollar," Perera observed.

Russia sold $1.68 billion worth of gold in two months

Russia is the world's largest gold producer at 310 metric tons of gold per year, and has 74.3 million troy ounces of gold reserves worth $384 billion, representing 47 percent of its total foreign reserves.

According to Perera, Moscow sold gold worth $1.68 billion between January and February marking the largest two-month drawdown in over 20 years, and has now imposed a decree to prevent others from doing the same, even as gold is now

"The Central Bank of Russia sold 15 metric tons of gold reserves in January and February, the largest two-month drawdown since 2002. It sold at peak prices, generating approximately $1.68 billion. Then it signed a decree preventing anyone else from doing the same thing," he wrote.

Perera noted that gold is now Russia's primary sovereign asset when $300 billion of its other assets are frozen due to Western sanctions.

How Iran war is helping promote gold-backed settlements?

According to Perera, there is a clear design between Russia using its gold to back a settlement system partly denominated in Chinese yuan, especially for oil trade through the Strait of Hormuz, which Iran has blockaded since the West Asia conflict began on February 28.

"Iran's war is creating the energy shock that drives oil surpluses into non-dollar channels. Those surpluses are settling in yuan, which buys Chinese goods, which generates trade balances that rotate into gold. The gold that Russia just locked inside its borders."

Perera says that while US President Donald Trump claims he has won the Iran war, the conflict is actually accelerating the downfall of the US dollar in global trade. "The circuit is: Hormuz toll in yuan, surplus in yuan, goods in yuan, residual into gold, gold locked by decree, gold backs the Unit, the Unit replaces the dollar in trade settlement," he notes.

Why Hormuz crisis is weaking dollar's grip?

The experts observes that American munitions require Chinese rare earth magnets and the Trump administration's $200 billion supplemental cannot be replenished without Chinese minerals. "The war is not weakening the system it was designed to contain. It is accelerating the system it was designed to prevent."

Perera believes Putin's decree to ban gold exports is not an isolated policy decision, but part of a larger design that includes "Hormuz tolls, BRICS vaults, yuan settlement, and a war making all of it move faster."

"Gold trades at $4,517 per ounce, up 48 percent year on year. Brent at $104, up 43 percent in a month. Central banks bought 863 tons of gold in 2025, BRICS members accounting for 40 percent," he notes.

According to Perera's analysis, Putin's decree should be viewed from the fact that the Iran war is doing "what sanctions alone could not: forcing the monetary transition from promise-based settlement to collateral-based settlement at a speed no peacetime policy could achieve."

Why Putin banned gold exports?

On Wednesday, Russian President Vladimir Putin signed decrees Wednesday restricting cash and gold exports.

According to details shared on Moscow's government website, one decree bars carrying ruble cash worth more than $100,000 across Russia's borders to the Eurasian Economic Union (EAEU), while other bans other decree bans the export of gold bars weighing more than 100 grams.

The cash decree comes into effect April 1, while the gold export ban will be applicable from May 1, 2026, with exceptions in both cases.

"Effective May 1, 2026, a ban is established on the export from the Russian Federation by individuals, legal entities and individual entrepreneurs of refined gold in bars with a total weight exceeding 100 grams," according to an official document.

Who are exempted?

As per officials, exceptions for cash apply when exported through designated international airports, provided the exporter has bank statements or other documents confirming the withdrawal of funds from bank accounts as determined by the government.

Exceptions for exporting gold bars above 100 grams will be made when carried out through air checkpoints across the Russian state border at the international airports of Vnukovo, Sheremetyevo, Domodedovo and Knevichi, provided there is a permit document from the Federal Assay Chamber, they said.

Additionally, the ban is not applicable to commercial banks and on export of gold bars by legal entities and individual entrepreneurs to non-EAEU states.

Source: News 24

26/03/26, Precious Metals price fall

 Just as the markets thought that gold and silver prices may hold steady, reports emerged that Tehran rejected the Trump administration's ceasefire plan and insisted on sovereign control over the crucial waterway passage of the Strait of Hormuz.

The precious metals markets reacted to the same, as gold prices once again dropped below the important $4,500/oz mark, hitting an intra-day low of $4,413/oz. Silver too faced selling pressure, dropping below the $70/oz level and trading near the $67/oz mark.

Crude surge caps gains for gold and silver

Brent crude, the global benchmark for oil, which saw some price relief in yesterday’s trade, has once again climbed back to the $100/bbl mark as escalating tensions between the US and Iran continue to disrupt global energy markets. The US benchmark, West Texas Intermediate, also rose to the $93/bbl mark on fears of supply disruptions.

The rise in fuel prices has once again heightened inflationary concerns, limiting the upside for precious metals. The safe-haven appeal of gold has again taken a toll, prompting a hawkish shift among major central banks and capping the gains for precious metals.

Currently, markets price in no rate cuts by the US Federal Reserve for this year, in contrast to February, when markets were expecting at least two rate cuts. High interest rates reduce the opportunity cost of holding non-interest-yielding assets.

“In the next 24 to 48 hours, (gold prices) will just be about reacting to headlines about negotiations,” Reuters quoted Kyle Rodda, a senior financial market analyst at Capital.com, as saying.

Dollar index rises again

As per media reports, the US is preparing to deploy thousands of troops in the Gulf region, further increasing fears of significant escalation in the Iranian conflict, which has now entered its fourth week. This is likely to weigh on investor sentiment, with the dollar emerging as a safe-haven winner.

The dollar index, which extended some declines from its record high yesterday, is once again trading at monthly record high levels. A strong dollar makes precious metals like gold and silver more expensive for other currency holders, thereby denting demand.

Domestic prices to react to global cues

Experts said that Wednesday’s rise in gold and silver was more of a relief rally and short covering. On the domestic front, MCX will likely react to these global cues in the evening session today, as the exchange observed partial closure on the occasion of Shree Ram Navami.

"As long as geopolitical uncertainty and inflation concerns persist, gold is likely to remain volatile. The near-term range for gold is seen between Rs 1,35,000-s 1,55,000," said Jateen Trivedi, VP, Research Analyst – Commodity and Currency, LKP Securities.

Report by Financial Express 

source:Dailyhunt

26/03/26, IRGC navy chief died

The development marks a major escalation in the ongoing tensions involving Iran, Israel and the United States.

Bandar Abbas lies along the Strait of Hormuz, a critical global shipping route through which nearly 20% of the world's oil and gas supplies pass. The reported killing of Tangsiri, who headed Iran's naval operations under the Islamic Revolutionary Guard Corps, is seen as a significant blow to Tehran's maritime strategy in the region.

Amid the conflict, Iran has been tightening its control over the vital waterway. Reports suggest Tehran is enforcing a system requiring ships to share cargo and crew details, with some vessels allegedly paying transit fees. Iranian officials have defended the move, calling it a justified measure for ensuring security.

The situation has raised concerns in global energy markets, with oil prices surging sharply since the conflict began. Meanwhile, the United States has stepped up its military presence in the region, deploying additional forces, including Marines and paratroopers, as part of a broader strategic posture.

The conflict has also seen continued exchanges of attacks. Sirens were reported in Israel amid missile alerts, while explosions were heard in major cities. Incidents linked to missile interceptions were also reported in the UAE and Saudi Arabia.

Diplomatic efforts remain uncertain. While US President Donald Trump claimed Iran is willing to negotiate, Iranian Foreign Minister Abbas Araghchi denied any such talks.

26/03/26, Iran has threatened to block the Bab al-Mandeb Strait-- a narrow waterway that controls sea traffic toward the Suez Canal-- if the United States and Israel escalate the war by attacking its islands, including Kharg.

Tehran already has the Strait of Hormuz-- through which a fifth of the world's oil is normally shipped-- in a chokehold. Any disruption at Bab al-Mandeb could further the economic impact of the conflict in the Middle East.

About 12 per cent of global seaborne oil passes through the passageway connecting the Red Sea and the Gulf of Aden, making it the world's fourth-largest shipping route. It is located southwest of Yemen, where the Iran-backed Houthis are based.

"If the enemy wants to take action on land in the Iranian islands or anywhere else in our lands or to inflict costs on Iran with naval movements in the Persian Gulf and the Sea of Oman," Iran's Tasnim News Agency reported, citing Islamic Revolutionary Guard Corps sources.

"We will open other fronts for them as a surprise so that their action will not only be of no benefit to them but will also double their costs," sources added.

Houthis To Enter War

Iran's semi-official Fars News Agency has reported that the Iran-backed Houthis in Yemen would also join the ongoing fight against the US and Israeli forces to help Tehran take control of the Bab al-Mandeb, which is located at the southern tip of the Arabian Peninsula near Yemen.

According to the source quoted by Tasnim, controlling the strait becomes necessary to further "discipline" the US and Israeli forces. It claimed that not only does Iran have the capability to generate a "credible threat" in the waterway, but the "heroic forces" of Ansarullah, or the Houthi movement, are also "fully prepared to play a skillful role."

Iran supports and arms the Houthi rebel group in Yemen, which greatly reduced Red Sea traffic in October 2023 when it began attacking vessels in retaliation for Israel's bombardment of Gaza.

Iran's Warning

Iran's parliamentary speaker, Mohammad Bagher Ghalibaf, has also warned that Tehran has intelligence indicating "enemies" were preparing to seize one of Iran's islands, possibly Kharg, with support from  a regional country.

"Our forces are monitoring all enemy movements, and if they take any step, all vital infrastructure of that regional state will be targeted with continuous, relentless attacks," Ghalibaf said in a post on X but without naming the state.

Report by NDTV

Happy Sri Rama Navami... today's holiday rescued our market from free fall nose dive

Domestic equity markets will remain closed on Thursday on the occassion of Ram Navami, marking a scheduled pause in trading activity following a period of strong gains...due to 5 days cease fire announcement from Mr Donald Trump...which causes sharp rise in stock price and fall in precious metal prices... 

26/03/26, war related snaps

source:Dailyhunt

26/03/26, Because of Modi leads BJP Government's failure in Foreign Policy

 The central government has announced an all-party meeting on March 25, at 5 pm, to discuss the West Asia conflict's impact on India's energy security, trade routes, and overall preparedness.

An energy lockdown is likely to be announced in India. The energy lockdown or lockdown-like situation started to trend in India after Prime Minister Narendra Modi, in his speeches in the Lok Sabha and the Rajya Sabha on the Middle East conflict, recalled the COVID-19 pandemic and associated global supply chain disruptions. The energy lockdown might be announced today after the all-party meeting. In this energy lockdown, the government might announce fuel rationing measures that could include work-from-home and vehicular movement restrictions.

What will be the situation in India if an energy lockdown is announced?
Vehicular movement and transportation might be affected as the energy lockdown leads to fuel rationing.
The government might announce work-from-home guidelines for employees in the public and private sectors.
Schools and colleges might be asked to go back to teaching online and conducting online classes.
As the Indian Premier League (IPL) dates have been announced, the government might not allow spectators to visit the stadium for matches.
The government might advise people to avoid non-essential travel.

Current Situation in India:

• People across several states are waiting in kilometers-long queues to fill gas in their vehicles at the gas stations.
• LPG gas cylinder supply: In several cities, residents are facing delivery delays, long queues, and even a temporary halt on new LPG connections. In many areas, people are waiting for days to receive cylinders, while black-market prices have sharply increased.
• Hotels and food joints are unable to run their businesses as they do not have cooking gas to prepare and serve meals to their customers.
• To manage the situation, the government has prioritised domestic consumption over exports and reduced gas supply to industries to conserve fuel. It has also ramped up LPG production, redirected shipments, and urged citizens not to engage in panic buying.

Fuel Rationing Begins Globally

• Governments across different countries are prioritising demand reduction, rationing, and some are exploring alternatives like biofuels. Here are key examples from recent reports (focusing on implemented actions; measures can evolve quickly):
• South and Southeast Asia (heavily impacted as major importers)
• Sri Lanka: Four-day workweek; mandatory public holidays for schools, universities, and non-essential government staff; weekly petrol limit of 15 litres per private vehicle via QR-code national fuel pass.
• Bangladesh: All educational institutions shifted online; five-hour daily rotational power cuts for households (to protect export industries like textiles); strict fuel rationing (e.g., motorcycles limited to 2 litres/day, cars with daily quotas) and monitoring of pumps to stop hoarding.
• Pakistan: Four-day workweek for government employees; 50% cut in departmental fuel allocations; temporary school closures and encouragement of remote work.
• Philippines: Four-day workweek for civil servants (aiming to cut government energy use by ~20%); non-essential official travel banned; offices must switch off computers during lunch and keep AC no lower than 24°C (75°F).
• Vietnam: Strong push for businesses to enable remote work and citizens to use public transport; special task force monitoring fuel; promotion of biofuels.
• Thailand: Officials urged to take stairs instead of elevators; fuel exports halted to protect reserves; price supports for households.
• Myanmar: Odd-even fuel rationing based on vehicle plates; many petrol pumps closed.
• East Asia
• Japan: Released ~45 days' worth of oil from strategic reserves to stabilise prices.
• South Korea: Coordinated release of millions of barrels from reserves as part of IEA effort.
• Middle East/Africa
• Egypt: Malls and restaurants must close by 9 pm; government buildings by 6 pm; advertising billboards, lights switched off.
• Bhutan: Sales of fuel in jerry cans are banned to prevent hoarding; prioritised rationing for emergency services.
• Kenya: Fuel exports banned; direct rationing introduced.
• South Africa: Industry-wide controlled diesel allocation to prevent panic buying.

In the United States, the focus has been on price increases (e.g., +80 cents/gallon in some areas) and potential strategic reserve releases, with less direct rationing so far.

Defence Minister Rajnath Singh is expected to chair today's all-party meeting, whereas External Affairs Minister S Jaishankar is likely to attend. The move comes a day after Prime Minister Narendra Modi addressed Parliament about the situation.

Report by Lokmat Times 

25/03/26, PostMarket Report

 The Indian benchmark indices, SENSEX and NIFTY50, closed in positive territory on Wednesday, March 25, for the second consecutive session, tracking gains in global markets as crude oil dropped below $95 per barrel on hopes of de-escalation in West Asia.

On Tuesday, the foreign institutional investors (FIIs) sold shares worth ₹8,009.56 crore, while the domestic institutional investors (DIIs) bought equities worth ₹5,867.15 crore on a net basis, according to exchange data.

The SENSEX rallied by as many as 1,781.31 points to an intraday high of 75,849.76. Meanwhile, the NIFTY50 touched the session's peak of 23,465.35.

The SENSEX advanced by 1,205 points, or 1.63%, to end at 75,273.45, while the NIFTY50 closed at 23,306.45, up by 394.05 points or 1.72%.

NIFTY50 top gainers and losers

Shares of Shriram Finance contributed to the NIFTY50 pack, closing 5.78% higher.

It was followed by Titan Company (4.63%), Grasim Industries (4.15%), UltraTech Cement (4.05%), and Larsen and Toubro (4.04%), which were among the top gainers.

Titan shares rose after international gold prices rose over 4%, supported by a drop in oil prices and a weaker US dollar. Gold had come under heavy selling pressure in the last few trading sessions as rising oil prices and bond yields fueled inflation fears and strengthened the dollar, triggering a broad selloff in precious metals.

Shares of L&T surged as its water and effluent treatment (WET) business vertical has secured a "significant" design-build-operate order from the Guwahati Metropolitan Drinking Water & Sewerage Board in Assam, for a water management project. According to L&T's classification, a significant order translates to a project ranging between ₹1,000 and ₹2,500 crore.

On the flip side, the top losers included Tech Mahindra (-2.04%), Power Grid Corporation of India (-1.40%), Tata Consultancy Services (-0.87%) and Bharat Electronics (-0.28%).

NIFTY Midcap 100 top gainers and losers

The NIFTY Midcap 100 closed 2.30% or 1,244.05 points higher at 55,331.05 on March 25. Out of its 100 constituents, only six declined, while the rest advanced.

It was supported by gains in Godfrey Phillips India, which ended 7.25% higher. Motilal Oswal Financial Services (5.77%), Kalyan Jewellers India (5.41%), Voltas (5.30%) and PI Industries (5.26%) were among the other top winners.

On the contrary, Oil India (-1.24%), Indraprastha Gas (-0.59%), Indus Towers (-0.44%), Max Financial Services (-0.15%) and Oracle Financial Services Software (-0.01%) were among the top laggards.

NIFTY Smallcap 100 top gainers and losers

NSE's small-cap gauge, the NIFTY Smallcap 100, ended at 15,896.55, reflecting a 401.35-point or 2.59% jump.

Its top gainers included PCBL Chemical (13.66%), Deepak Fertilizers And Petrochemicals Corporation (8.14%), Sagility (6.78%), Affle (6.67%) and Reliance Power (5.98%).

On the other hand, the top losers were Trident (-2.99%), Zensar Technologies (-1.85%), Aegis Vopak Terminals (-1.78%), Inventurus Knowledge Solutions (-1.14%) and Capri Global Capital (-0.89%).

source: Upstox

25/03/26, Green Opening

The benchmark indices Sensex and Nifty extended gains in Wednesday's trade on hopes of US-Iran ceasefire after US President Donald Trump said that Washington was making progress toward negotiating an end to the war.

At 9:30 am, the Sensex jumped 926.05 points or 1.25 percent at 74,990.45, while the Nifty advanced to 23,216.55, up 304.15 points or 1.33 percent.

Asian equities rose 1.4%, while oil slipped below $100 per barrel on expectations that any move toward a ceasefire could ease supply disruptions. Reports said the US is seeking a month-long ceasefire in its war with Iran and has presented Tehran with a 15-point plan, raising hopes that the conflict may ease.

25/03/26, according to MINT report, stock market prediction for today:

Following strong global market sentiment on news of de-escalation in the US-Iran war, the Indian stock market bounced back strongly on Tuesday after a sharp sell-offthe previous session.

The Nifty 50 index skyrocketed 445 points or near 2% and closed at 22,958. The BSE Sensex shot up 1,372 points or 1.89% and ended at 74,068. The Bank Nifty index surged 1,305 or 2.54% and finished at 52,743.

Sectoral participation was broadly positive, reflecting a strong recovery across the board. Most major sectors ended in the green, with banking, auto and financials leading the rebound. The recovery was also evident in broader markets, where the mid- and small-cap indices gained over 2.5% each.

What Gift Nifty live chart signals?

The Gift Nifty opened higher today and is currently trading at a premium of over 200 points from yesterday's close.

Expecting a gap-up opening for the Indian stock market today, Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth, said the Indian equities are likely to open on a positive note, with Gift Nifty indicating an upside start above the 23,175 level, supported by favourable global cues.

Asian markets today

Asian markets traded higher, buoyed by comments from Donald Trump suggesting the possibility of negotiations between the United States and Iran. This potential for diplomatic engagement has provided some relief to global investors, raising hopes of a de-escalation in Middle East tensions.

The Japanese Nikkei index has risen by around 3%, the Shanghai stock market is up by around 0.65%, the South Korean KOSPI is up by over 3.25%, and Hong Kong's Hang Seng index is trading at a 0.90% premium.

Gold and silver rates today

Gold and silver rates today snapped their nine-day losing run on Wednesday, March 25, gained as much as 7% on reports that the US is pursuing a diplomatic resolution to the conflict with Iran, even as it continues to deploy additional troops to the Middle East.

COMEX gold rate today jumped around 4% to $4,600 per ounce, while COMEX silver prices surged 7% to $74.42 per ounce, during the Asian trading hours on Wednesday.

Speaking on the outlook for gold rates today, Ponmudi R, CEO of Enrich Money, said that a sustained move above $4,550 could push the COMEX gold rate toward $4,700-$4,750.

On the gold rate outlook in India, the Enrich Money CEO said, "Immediate resistance is placed at ₹1,39,000 to ₹1,40,000. A breakout above this zone can trigger a move toward ₹1,43,000 to ₹1,46,000. On the downside, ₹1,34,000 to ₹1,35,000 acts as immediate support. A break below this can extend the fall toward ₹1,30,000."

"The COMEX silver rate today is in the $68 to $78 range. On MCX, the silver rate today is in ₹2,00,000 to ₹2,35,000 per kg. On breaking above ₹2,35,000, the white metal may try to touch ₹2,45,000," said Anuj Gupta, a SEBI-registered market expert.

India VIX today

On the domestic front, volatility has shown early signs of cooling, with the India VIX easing below 25. However, the decline remains modest, and volatility remains elevated relative to recent trends. A meaningful drop in VIX would require stronger directional conviction in the market. Until then, option premiums are expected to remain elevated, making risk-reward unfavourable for option sellers in the absence of a clear trend.

FII-DII data

FIIs remained net sellers by offloading Indian shares worth ₹8,009.56 crore in the cash market. In the index futures segment, FIIs sold out shares worth ₹772.28 crore, while in the Index Options segment, they exited shares worth ₹30,102.15 crore. However, DII remained net buyers, adding shares worth ₹5,867.15 crore in the cash market.

"The recent changes in OI data point towards a strengthening short-term bearish sentiment across both segments, reinforcing a sell-on-rise strategy for the upcoming sessions," said Hariprasad of Livelong Wealth.

USD vs INR

The Indian rupee dropped 35 paise to 93.88 (provisional) against the US dollar on Tuesday as a strengthening greenback against major crosses and elevated global crude prices spooked investors.

Foreign fund outflows amid uncertainties over the West Asia crisis further weighed on the local unit, forex traders said.

Speaking on the outlook of the Indian National Rupee (INR) against teh US Dollar (USD), Jateen Trivedi, VP Research - Commodity & Currency at LKP Securities, said the Indian Rupee traded weak near 93.90, down 0.36%, as persistent West Asia tensions and rising crude prices continue to weigh on sentiment, with higher oil costs worsening India's import outlook. Despite some positive signals on de-escalation, the currency remains under pressure amid sustained global uncertainty.

"The rupee is expected to trade in a weak range of 93.25-94.25, with downside bias likely to persist until clear progress in Iran peace talks emerges," the LKP Securities expert added.

Stock market today

Speaking on the outlook of the Nifty 50 today, Ajit Mishra, SVP - Research at Religare Broking Ltd, said the index may face immediate resistance around 23,200, with a stronger hurdle in the 23,400-23,600 zone. On the downside, the 22,700-22,500 band is likely to act as an immediate support area if the correction resumes.

"Given the still-elevated volatility and event-driven global backdrop, participants are advised to continue with a hedged approach and maintain positions on both sides until there is greater clarity on the next directional move," said Ajit Mishra of Religare Broking Ltd.

On the outlook for the Bank Nifty today, Vatsal Bhuva, Technical Analyst at LKP Securities, said the index ended the session on a positive note and is currently positioned in an oversold zone across multiple timeframes. On the daily chart, a positive divergence is visible in the RSI, which is on the verge of a bullish crossover. This technical setup suggests a potential pullback towards its short-term mean, with the 10-day SMA near the 54,000 level.

"The immediate target is seen at 53,000; a sustained move above this level could lead the index towards 54,000, while support is positioned at 51,500 levels," said Vatsal Bhuva of LKP Securities.

Stocks to buy today

Regarding stocks to buy today, market experts - Sumeet Bagadia of Choice Broking, Ganesh Dongre, Senior Manager - Technical Research at Anand Rathi, and Shiju Koothupalakkal, Senior Manager - Technical Research at Prabhudas Lilladher, recommended these eight buy-or-sell stocks for intraday trading: HUL, Infosys, HDFC Bank, BSE, ONGC, TVS Motor, Paytm, and Syrma SGS Technology.

Sumeet Bagadia's stock recommendations today

1] HUL: Buy at ₹2091, Target ₹2240, Stop Loss ₹2017; and

2] Infosys: Buy at ₹1278, Target ₹1368, Stop Loss ₹1233.

Ganesh Dongre's buy or sell stocks

3] HDFC Bank: Buy at ₹765, Target ₹810, Stop Loss ₹740;

4] BSE: Buy at ₹2805, Target ₹3200, Stop Loss ₹3600; and

5] ONGC: Buy at ₹268, Target ₹285, Stop Loss ₹262.

Shiju Koothupalakkal's intraday stocks for today

6] TVS Motor Company: Buy at ₹3479, Target ₹3600, Stop Loss ₹3400;

7] Paytm: Buy at ₹1035, Target ₹1100, Stop Loss ₹1010; and

8] Syrma SGS Technology: Buy at ₹790, Target ₹840, Stop Loss ₹766.

source:Dailyhunt

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies. We advise investors to check with certified experts before making any investment decisions.

25/03/26, An 18-month-old Palestinian toddler was allegedly held in detention for ten hours and tortured by Israeli soldiers using burning cigarettes and nails, to force a confession out of the child's father, local and international media reported on Monday.

 https://www.instagram.com/reel/DWOczVFE6fZ/?igsh=OWlhMzZud283NTI3

Source: New Indian Express 

24/03/26, United Spirits share price

 Shares of United Spirits (USL) will be in the spotlight on Wednesday, March 25, as the company on Tuesday announced the sale of IPL franchise Royal Challengers Bangalore (RCB) in a ₹16,660 crore all-cash deal to a consortium of Aditya Birla Group, The Times of India Group, Bolt Ventures, and Blackstone.

In a regulatory filing, USL said pursuant to the meeting of its Board of Directors, it has entered into definitive agreements for the sale of the 100% equity stake held in its wholly owned subsidiary Royal Challengers Sports Private Ltd (RCSPL) to a consortium comprising Aditya Birla Group (ABG), The Times of India Group (Times), Bolt Ventures (Bolt), and Blackstone's perpetual private equity strategy, BXPE (Blackstone).

"The all-cash transaction is for a total consideration of ₹16,660 crore," USL, part of multinational alcoholic beverages company Diageo, added.

RCSPL owns and operates Royal Challengers Bengaluru (RCB) franchises that participate in the Indian Premier League (IPL) and Women's Premier League (WPL), it added.

What the CEO said

Commenting on the transaction, USL MD & CEO Praveen Someshwar said this transaction marks an important milestone for the company "as we sharpen focus on our core beverage alcohol business to unlock its true potential with sustained growth and to continue delivering on long-term value creation for our stakeholders."

RCB has grown into the most prominent and commercially successful franchise in the IPL and WPL, he said, adding it has built a globally recognised brand and a passionate fan base.

"We are excited for the future of RCB under the stewardship of the new owner. As sports enter a new phase of growth in India and globally, we believe this is in the best interest of the franchise and our stakeholders," said Someshwar.

What the consortium said

The acquiring consortium stated, "RCB's championship-winning culture, its deep connection to Bengaluru, and one of the most passionate fanbases in world sport make this an extraordinary opportunity. We are committed to taking RCB to new heights, on the pitch and beyond."

The acquiring consortium comprises the Aditya Birla Group, The Times of India Group, Bolt Ventures (a private investment platform of David Blitzer, one of the world's most prominent sports investors), and Blackstone, the world's largest alternative asset manager.

In November of last year, USL announced that it would conduct a strategic review of its investment in Royal Challengers Sports Private Limited (RCSPL), the entity that owns the IPL T20 team, the Royal Challengers Bangalore.

RCSPL's business comprises ownership of the "Royal Challengers Bengaluru (RCB)" franchise teams that participate in the Men's Indian Premier League (IPL) and Women's Premier League (WPL) cricket tournaments hosted by the Board of Control for Cricket in India (BCCI) annually.

United Spirits Q3 FY26 earnings

Diageo-controlled liquor maker United Spirits reported a 24.77% rise in its consolidated net profit to ₹418 crore for the December quarter of FY26 (Q3 FY26).

The company had posted a net profit of ₹335 crore in the October-December quarter a year ago, according to a regulatory filing by United Spirits Ltd (USL).

Its revenue from operations rose 2.71% to ₹7,942 crore in the December quarter under review. It was ₹7,732 crore in the corresponding period of the previous fiscal.

USL's total expenses stood at ₹7,442 crore, up 2.56% in the December quarter.

The net sales value (NSV) of USL was ₹3,683 crore, up 7.3% in the third quarter of FY26.

This was "driven by solid performance in the top half of the portfolio, partly offset by the adverse policy-led impact in Maharashtra and lapping the one-time retail pipeline fill in Andhra Pradesh in the prior year comparative," said USL in its earnings statement.

Its EBITDA was ₹599 crore, up 5.5% in Q3/FY26, driven by the standalone business of the company, it added.

source:Upstox