09/03/26, Upcoming dividends, stock splits and bonuses this week:

 The week starting March 9 will witness at least 16 corporate actions, according to the BSE website.

Companies that will trade ex-date for various corporate actions this week include SBI Cards and Payment Services, Indian Oil Corporation, Indian Railway Finance Corporation, Sun TV Network, Cupid, Mangalore Refinery and Petrochemicals, and Hindusthan Urban Infrastructure, among others.

Shares of credit card services provider SBI Cards and Payment Services will trade ex-dividend on Wednesday, March 11. The company had announced an interim dividend of ₹2.5 per share. The record date for the same is March 11.

"The Board of Directors of the Company, at its meeting held on Thursday, March 05, 2026, has declared an interim dividend of ₹2.50/- (Rupees Two and Fifty Paise) (25%) per equity share (face value of ₹10/- each) of the Company for the financial year 2025-26. The record date for the purpose of determining the entitlement of payment of Interim Dividend is Wednesday, March 11, 2026," the firm said.

The record date for Hindusthan Urban Infrastructure Ltd's stock split of one existing share into five shares is March 13.

Upcoming Dividend, bonus, stock split: Full list of corporate actions this week

Security Name	Ex Date	Purpose	Record Date
Axtel Industries Ltd	09 Mar 2026	Interim Dividend - ₹12	09 Mar 2026
Cupid Ltd	09 Mar 2026	Bonus issue 4:1	09 Mar 2026
TANFAC Industries Ltd	09 Mar 2026	Stock Split From ₹10/- to ₹5/-	09 Mar 2026
Macfos Ltd	10 Mar 2026	Bonus issue 1:10	10 Mar 2026
Balmer Lawrie & Company Ltd	11 Mar 2026	Interim Dividend - ₹4.25	11 Mar 2026
BCC Fuba India Ltd	11 Mar 2026	Right Issue of Equity Shares	11 Mar 2026
Mangalore Refinery and Petrochemicals Ltd	11 Mar 2026	Interim Dividend - ₹4	11 Mar 2026
Prabha Energy Ltd	11 Mar 2026	Right Issue of Equity Shares	11 Mar 2026
SBI Cards and Payment Services Ltd	11 Mar 2026	Interim Dividend - ₹2.50	11 Mar 2026
Indian Oil Corporation Ltd	12 Mar 2026	Interim Dividend - ₹2	12 Mar 2026
R Systems International Ltd	12 Mar 2026	Interim Dividend - ₹6	12 Mar 2026
Sun TV Network Ltd	12 Mar 2026	Interim Dividend - ₹1.25	12 Mar 2026
Vertex Securities Ltd	12 Mar 2026	Right Issue of Equity Shares	12 Mar 2026
Frontier Springs Ltd	13 Mar 2026	Bonus issue 2:1	13 Mar 2026
Hindusthan Urban Infrastructure Ltd	13 Mar 2026	Stock Split From ₹10/- to ₹2/-	13 Mar 2026
Indian Railway Finance Corporation Ltd	13 Mar 2026	Interim Dividend	13 Mar 2026

In a board meeting on March 6,  Anlon Healthcare approved a stock split of one equity share with a ₹10 face value into five shares having a face value of ₹2. The firm also approved a bonus issue in the ratio of 1:1. The record date for the same will be declared later.

Report by Upstox

source: Dailyhunt

09/03/26, The share markets in the country opened with a bloodbath on Monday as both benchmark indices declined sharply in the opening session amid a huge surge in crude oil prices and heavy selling across global markets.

The Nifty 50 index opened at 23,868.05 with a decline of -582.40 points or (-2.38 per cent), while the BSE Sensex opened at 77,056.75 with a decline of -1862.15 or -2.36 per cent, reflecting strong selling pressure across sectors.

The sharp fall in domestic equities comes as crude oil prices surged approximately 25 per cent on Monday to USD 116 per barrel amid the ongoing conflict in Asia, which has raised concerns over inflation and economic growth. Market experts said the rise in crude prices could significantly impact the Indian economy, given the country's high dependence on imported oil.

Impact of Crude Oil Surge

Ajay Bagga, Banking and Market Expert, told ANI, "Indian markets are seeing a huge cut in the stock futures represented by the Gift Nifty. The oil price hit to the Indian GDP, Current account deficit and inflation will be huge given that India meets more than 85 per cent of its crude oil requirements from imports."

Higher Fuel Prices Expected

He added that the surge in oil prices is likely to result in higher fuel prices domestically. "We expect retail petrol and diesel price hikes. Cooking gas price was already hiked last week for both consumers and commercial users. Jet aviation fuel prices will also go up," Bagga said.

Sector-Specific Pressure

According to him, several sectors will face pressure due to rising oil prices. "Sectors like paints, aviation, autos, tyres, chemicals and all downstream industries using oil derivatives will see further cuts. However given the liquidity squeeze today, anything that can be sold will be sold, so expect cuts in leading counters, even those not correlated to the oil price, including in gold and silver," he added.

Sectoral Performance

Sectorally, heavy selling was witnessed across several indices on the NSE. PSU Bank, Media and Financial Services stocks saw the highest selling pressure. The Nifty Auto index fell by 2.9 per cent, while Nifty Media declined by 2.36 per cent. PSU Bank index dropped 4 per cent, Nifty IT fell by 1.29 per cent, Nifty FMCG declined by 1.38 per cent, and Consumer Durables index lost 2 per cent.

Technical Outlook

Sunil Gurjar, SEBI-registered analyst and Founder of Alphamojo Financial Services, said "The Nifty 50 had a weak week. The index also breached the important 200-EMA, while a bearish EMA crossover indicates weakness in the trend. The fall was mainly driven by heavy FII selling, a weakening rupee, and ongoing global war tensions, which hurt market sentiment," he said.

He added that a sustained breakout above 24,646 could signal bullish momentum, while a breakdown below the current support zone may lead to further downside in the index. According to him, the second strong crucial support will be 23850.

Global Market Sell-off

The fall in Indian markets also comes amid sharp declines across other Asian markets. Japan's Nikkei 225 index declined by 7 per cent to the 52010 level, while South Korea's KOSPI index tanked 7.43 per cent to the 5169 level. Other Asian markets also witnessed declines during the opening trade. Singapore's Straits Times index lost 2.65 per cent to the 4720 level, Hong Kong's Hang Seng index fell more than 2.46 per cent to the 25095 level, and Taiwan's weighted index dropped 5.77 per cent to the 31767 level.

Meanwhile, US markets had already ended last week under pressure. On Friday, the S&P 500 declined by 1.33 per cent to the 6740 level, while the Nasdaq also fell by 1.53 per cent to the 22400 level. 

source: Asianet News

09/03/26, Share Market Today

The Nifty 50 tumbled 1.27 percent on March 6, erasing all its previous day's gains and taking the total weekly loss to 2.9 percent, as intensified US-Israel-Iran war-driven West Asia tensions lifted oil prices to nearly $95 a barrel, signalling fears over economic and earnings growth. The spiking VIX, along with bearish technical and momentum indicators, has now put 24,300 — the previous week's low — at major risk. In fact, experts feel the index is likely to break this support, and if that comes true and sustains below it, a correction towards 24,050–24,000 cannot be ruled out in the upcoming sessions. However, in case of an upside bounce, 24,700 is the level to watch.

1)Nifty50 (cmp 24450) Levels:

Resistance based on pivot points: 24,631, 24,699, and 24,807

Support based on pivot points: 24,413, 24,346, and 24,237

Special Formation: The Nifty 50 formed a long bearish candle on the daily charts with minor upper and lower shadows, along with a lower high–lower low formation, indicating a weakening trend amid mild volatility. The index also reached closer to the critical rising long support trendline (24,350 — adjoining lows of March 2020, April 2025, and last week). All the moving averages have now trended downward, while the MACD and signal line's bearish gap widened with an expansion of the red histogram. The RSI slipped to 33.45, while the Stochastic RSI maintained a positive crossover in the oversold zone. All this indicates a weakening momentum with the risk of further downside if key supports are breached.

2)Levels For The  Nifty Bank (cmp 57,783)

Resistance based on pivot points: 58,520, 58,782, and 59,206

Support based on pivot points: 57,671, 57,409, and 56,985

Resistance based on Fibonacci retracement: 58,656, 59,250

Support based on Fibonacci retracement: 57,663, 56,695

Special Formation: The Nifty Bank also formed a long red candle on the daily timeframe and fell decisively below the 100-day EMA, while reaching closer to the 200-day EMA, indicating bears are tightening their grip. All the short- and medium-term moving averages have trended downward, while the index is 120 points away from the 50 percent Fibonacci retracement level (from the September 2025 low to the February 2026 high). The RSI dropped to 31.91, while the MACD remained below the reference line and zero line with a widening red histogram bar. All this indicates persistent bearish momentum and the possibility of further downside if the index fails to hold near the 200-day EMA.

Report by Sunil Shankar Matkar of Network 18

08/03/26, IRFC Dividend News 2026, IRFC Dividend 2026 Record Date:

 

Indian Railway Finance Corporation Ltd recently announced the date of its board meeting and underlined the agenda of the meeting.

The Navratna status PSU stated that the second interim dividend for FY26 will be announced for its shareholders. Notably, the BSE 200 railway financial institution has fixed the record date for corporate action.

Indian Railway Finance Corporation (IRFC) is the dedicated funding arm of Indian Railways. The company was set up in December 1986 for mobilising funds from domestic and overseas markets to meet the pre-dominant portion of extra budgetary resources requirement of Indian Railways. IRFC is under administrative control of the Ministry of Railways.

IRFC Next Dividend Date Latest News

IRFC Dividend 2026

The company announced that the board meeting will be held on March 9, 2026, to consider the interim dividend.

"...meeting of the Board of Directors of the Company is scheduled to be held on Monday, 09th March 2026, inter-alia, to consider declaration of second Interim Dividend to the shareholders of the company for the financial year 2025-26," the company had announced in its February 26 dated exchange filing.

IRFC Dividend 2026 Record Date

The company has fixed March 13, 2026, as the record date for the cash reward.

"...the Record date for determining the entitlements of the shareholders for the payment of aforesaid Second Interim Dividend shall be Friday, 13th March, 2026, subject to the approval of Second Interim Dividend by the Board of Directors," the filing added.

IRFC Dividend History

Earlier, an interim dividend of Rs 1.05 was declared with record date in October 2025. Before that, an interim dividend of Rs 0.80 was announced with record date in March 2025.

IRFC Share Price, Indian Railway Finance Corporation Share Price

On Friday (March 6), the stock closed at Rs 99.45, up 0.61 per cent from its previous closing, on BSE.

IRFC Share Price History

• The 52-week share price range is Rs 148.90 and Rs 96.
• In one and two weeks, the shares declined over 4 per cent and 11 per cent, respectively.
• In 3 and 6 months, shares fell over 13 per cent and 19 per cent, respectively.
• In 1 and 2 years, shares fell over 17 per cent and 29 per cent, respectively.
• In 3 and 5 years' timelines, the stock gained over 252 per cent and 298 per cent, respectively.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. We suggests its readers/ investors to consult their financial advisors before making any money related decisions.)

Report by Economic Times 

08/03/26, Stock Market from Tomorrow onwards

 

Developments related to the ongoing conflict in West Asia and its impact on crude oil prices would be the major driving factors for stock markets this week, PTI quoted analysts.

Besides, global market trends and trading activity of foreign investors would also drive investors' sentiment.

"This week, movements in global crude oil prices and further geopolitical developments in West Asia will remain critical external variables influencing market direction. The week will also feature key macroeconomic releases that could shape near-term sentiment. On the domestic front, investors will closely monitor the Consumer Price Index (CPI) inflation data scheduled for March 12," Ajit Mishra - SVP, Research, Religare Broking Ltd, said.

Brent crude, the global oil benchmark, jumped 8.52 per cent to $92.69 per barrel, according to PTI.

"The week ahead is likely to remain volatile, with market sentiment largely shaped by persistent geopolitical tensions in the Middle East. Investors will closely track global developments, particularly movements in crude oil prices, as energy markets continue to play a critical role in influencing overall risk appetite," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said.

In addition, foreign institutional investor (FII) flows and currency movements will remain key variables to watch, as they provide important signals on global capital allocation trends and investor confidence in emerging markets such as India, he added.

Last week, the BSE benchmark tanked 2,368.29 points or 2.91 per cent, and the Nifty declined 728.2 points or 2.89 per cent, as per PTI.

Markets ended the holiday-shortened week with steep losses as escalating geopolitical tensions in West Asia and a sharp spike in crude oil prices weighed heavily on investor sentiment, Mishra added.

Foreign investors pulled out Rs 21,000 crore (around $2.3 billion) from Indian equities over the last four trading sessions amid the West Asia crisis.

"Uncertainty surrounding the Middle East conflict, steady decline in the market, the vulnerability of the Indian economy to sharp crude spike and the sharp depreciation of the rupee contributed to the sustained FII selling in the cash market," V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

FPIs are unlikely to return to the market as buyers until there is some clarity on the outcome of the conflict and decline in the price of crude, Vijayakumar said.

Brent crude trading above USD 90 is bad news for the Indian economy and markets, he added. The US and Israel launched military strikes on Iran on February 28, killing Ayatollah Ali Khamenei, Iran's supreme leader.

Following the military offensive, Iran has carried out a wave of attacks mainly targeting Israeli and American military bases in several Gulf countries, including the UAE, Bahrain, Kuwait, Jordan and Saudi Arabia.

 (Report by EconomicTines with News Agency Inputs)

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. We suggest  readers and investors to consult their financial advisors before making any money related decisions.)

08/03/26, Major Gulf economies including Saudi Arabia, the United Arab Emirates, Kuwait and Qatar are reviewing their investment commitments and contracts with the United States as the ongoing Iran war places growing pressure on their economies, according to a report by the Financial Times .

 

Citing Gulf officials, the report said several countries have quietly begun internal discussions to examine whether force majeure clauses can be invoked in existing contracts. They are also reviewing future investment pledges in order to reduce the economic strain caused by the conflict.

"A number of Gulf countries have begun an internal review to determine whether force majeure clauses can be invoked in current contracts, while also reviewing current and future investment commitments," a Gulf official told the Financial Times.

The review could affect a wide range of commitments, including investment pledges to foreign governments and companies, sports sponsorship deals, contracts with global businesses and even the sale of certain holdings, the report said.

The move comes as the war between the US, Israel and Iran continues to disrupt the Gulf region's economic stability. Energy revenues have fallen sharply, while shipping through the Strait of Hormuz - through which roughly a fifth of the world's oil and gas passes - has slowed dramatically after several tankers were hit during the conflict.

Tourism and aviation sectors have also taken a hit after Iranian strikes targeted US bases, embassies and infrastructure across the region.

According to the Financial Times, rising defence spending and reduced energy exports have placed additional strain on government budgets in the Gulf. An adviser to a regional government told the newspaper that the possibility of reviewing overseas investments has already caught the attention of the White House.

The Gulf states manage some of the world's largest sovereign wealth funds and had pledged hundreds of billions of dollars in investments in the US following a visit by US President Donald Trump to the region last year.

Any slowdown in those investments could increase pressure on Washington to seek a diplomatic solution to end the war, the report noted.

Meanwhile, criticism of the conflict has also emerged from prominent voices within the Gulf business community.

Just a day ago, Dubai-based billionaire Khalaf Ahmad Al Habtoor had condemned the war, questioning the decision to strike Iran and warning that the conflict has placed Gulf countries "at the heart of a danger they did not choose".

"Who gave you the authority to drag our region into a war with #Iran? And on what basis did you make this dangerous decision? Did you calculate the collateral damage before pulling the trigger? And did you consider that the first to suffer from this escalation will be the countries of the region itself!," Habtoor directly asked Trump in a post on X.

source: Dailyhunt 

08/03/26, The war in the Middle East and the turmoil in the Strait of Hormuz have weakened India's long-standing oil supply lines. Meanwhile, reports of Russian oil are emerging that are nothing short of a major setback.

Russian oil, which has been cheap for India for the past four years, has now become more expensive. The "sanction discount" on Russian oil has now become a "scarcity premium," meaning a scarcity price. India is now purchasing Russian oil at a higher price than the international benchmark, Brent crude.

Russia was offering India a discount of $15 to $30 per barrel after the Ukraine war began in 2022. But now the market has turned. Amid the ongoing war with Iran and escalating tensions in the Middle East, the US Treasury Department issued a 30 day waiver on Thursday, allowing India to buy Russian oil currently stuck at sea, as reported by Reuters. In other words, the Trump-led United States has allowed India to continue purchasing Russian oil. The move is aimed at ensuring a steady flow of oil in the global market.

The deal has become expensive

Russian oil for delivery in March and April 2026 is now available at $4-5 per barrel more expensive than Brent crude.

1.4 million barrels of oil from the Gulf are stuck in transit due to the war. As a result, Indian refineries (IOC, BPCL) are turning to Russia to meet their needs, and Russia is taking full advantage of this opportunity.

Once again, US is responsible for all this. First, it interfered with India-Russia oil trade, and now it is pleading with India to buy Russian oil to reduce oil prices. This shoddy US oil diplomacy has given Russia a golden opportunity to raise oil prices.

As soon as the US urged India to buy Russian oil, Russian exporters raised prices further. They know that amid the Middle East crisis, the world has no other option but to source oil from Russia.

Long sea journey and heavy expenses

Even though oil may be a little cheaper at Russia's Baltic ports, its price skyrockets by the time it reaches India.

• Long journey: Due to the war in the Middle East, ships have to take a long detour via the 'Cape of Good Hope' i.e. under Africa.
• Insurance and freight: Marine insurance and freight costs have risen so much that by the time oil reaches the west coast of India, its final price exceeds global market rates.

India's difficulties increased

This change has brought a major economic crisis for India, because after Corona, 'cheap Russian oil' had played the biggest role in managing the country's economy and reducing the deficit. Now that Russia's Urals oil has become costlier than the international rate and Brent crude itself has reached close to $92 per barrel, the pressure on petrol-diesel prices and the Indian rupee in the domestic market has increased significantly.

08/03/26, GOLD NO MORE SAVE-HAVEN IN CRISIS ?

 In a market gripped by geopolitical tension and heightened volatility, gold, traditionally the world's most reliable safe-haven asset, is showing an unusually muted response.

According to senior technical analyst Bhavik Patel, the metal is currently "under pressure", not because of a lack of global uncertainty, but due to the unexpected rise in the US dollar index and Treasury yields.

This shift, Patel explains, has temporarily sidelined gold's classical safe-haven appeal. "In gold, usually in war, it has a safe haven status. But this time… the dollar index and US Treasury are comparatively cheap, so a safe-haven asset is emerging more there," he said in his latest commodity outlook.

Patel highlighted that geopolitical conflicts typically buoy gold prices. Yet the current environment is behaving differently. He noted, "A safe haven asset is emerging more in the dollar index and Treasury yields, due to which gold is currently under pressure." This unusual setup means gold is not reacting in its traditional manner despite heightened war-linked tension, something traders would normally bank on for upward momentum.

While cautioning against expectations of a major rally at current levels, Patel was clear about the threshold gold must clear to regain bullish momentum."Unless it goes below 5000, I don't think gold can see much upside. I think it is consolidating right now," he said. The consolidation zone is creating a tight range that traders should carefully monitor. Despite the subdued outlook, Patel made it clear that gold still fares better than silver in the present environment."Today, if you look at gold and silver, gold seems a little safer compared to silver. So I would recommend avoiding silver," he advised.

Trading Strategy: Buy on Dips, Strict Stops

Patel's tactical recommendation for traders is to remain selective and disciplined

• Buy on dips at Rs 158,000
• Target at Rs 160,000
• Stop-loss at Rs 157,300

His emphasis on tight risk control underscores the delicate balance gold is maintaining amid conflicting macro forces.

Why Gold Is Still the Relatively 'Safer' Precious Metal Today

Even though gold is not surging the way it traditionally does during geopolitical flare-ups, Patel maintains that within the precious-metals basket, it remains the preferable bet. His reasoning, "Gold seems a little safer compared to silver," especially because silver is more exposed to industrial demand sensitivity, and the broader commodities complex is reacting directly to dollar strength.

source: EconomicTimes

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

07/03/26, Precious Metals

Both gold and silver saw renewed buying in Friday's session as traders reacted to the unexpected drop in new US jobs data, boosting prospects of a US Federal Reserve rate cut, though a stronger dollar capped gains.

Gold, which usually remains hot during periods of geopolitical tensions, gained $104 per troy ounce on Comex to the day's high of $5,182 per ounce on March 6. The May silver futures contract, too, strengthened $3.15 per troy ounce to reach the day's high of $85.33.

On the economy front, the US economy lost 92,000 jobs in February, while economists were expecting a gain of 50,000. The unemployment rate also rose to 4.4%.

In theory, a weak jobs report would help build a case for the Federal Reserve to cut interest rates, and gold responded to the data with a surge, although it has since pared back some of those gains.

However, hopes for interest-rate cuts have been complicated by surging oil prices amid escalating tensions in the Middle East, raising fears that the ongoing war will last longer than expected and could stoke global inflation.

In addition, strength in the dollar and Treasury yields has been standing in the way of gold reclaiming its place as a safe-haven asset this week and has left the metal on track for its first weekly decline in five weeks.

Middle East tensions escalate

On the geopolitical front, the US-Israel war with Iran extended into its seventh day on March 6, with the latest comments from both sides indicating that tensions continue to escalate in the region. Donald Trump wrote on Truth Social that there would be "no deal with Iran" unless it agrees to "unconditional surrender," outlining a hardline stance as the conflict in the Middle East continues to intensify.

Earlier, Iranian Foreign Minister Abbas Araghchi told NBC News that his country had no intention of negotiating and was prepared for a ground invasion, although US President Donald Trump later told the same network that he was not considering such a move.

Fed policymakers will meet on March 18, where they are widely expected to hold rates steady, with the first rate cut widely expected in July, according to the CME FedWatch tool. Gold is often viewed as a long-term inflation hedge, but it typically performs well in low-interest rate environments because it yields no income.

MCX gold jumps over ₹2,800 per 10g; silver reclaims ₹2.70 lakh per kg

On the domestic front, the April gold futures contract on MCX jumped ₹2,839 per 10 grams to reach the day's high of ₹1,62,512, but it is on track to close the week in the red.

The silver May futures contract advanced ₹8,309 per kilogram to the day's high of ₹2,70,500 per kilogram.

Although the white metal has regained strength, it is still on track to close the week about 4% lower.

(Report by Mint with inputs from Reuters)

Disclaimer: We advise investors to check with certified experts before making any investment decisions.

07/03/26, PostMarket REPORT

 The Indian benchmark indices, SENSEX and NIFTY50, closed in negative territory on Friday, March 6, after a day's break, as crude oil prices surged higher amid the intensifying conflict in the Middle East, which entered its seventh day.

On Thursday, the foreign institutional investors (FIIs) sold stocks worth ₹3,752.52 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹5,153.37 crore on a net basis, according to exchange data.

The SENSEX slumped by as many as 1,203 points to reach an intraday low of 78,812.18. Meanwhile, the NIFTY50 touched the session's low of 24,415.75.

The 30-share BSE SENSEX declined by 1,097 points or 1.37% to settle at 78,918.90, while the 50-share NSE NIFTY dipped 1.27% or 315.45 points to end at 24,450.45.

NIFTY50 top gainers and losers

Shares of ICICI Bank dragged down the NIFTY50 index, closing 3.13% lower.

It was followed by selling in the shares of Eternal (-2.96%), Shriram Finance (-2.77%), State Bank of India (-2.54%) and Axis Bank (-2.54%), which were among the top losers on Friday.

On the other hand, Bharat Electronics closed in the green, up by 2.52%. The other top gainers included Oil & Natural Gas Corporation (1.28%), Reliance Industries (1.27%), NTPC (0.82%) and Hindalco Industries (0.59%).

Bharat Electronics (BEL) stock advanced as it was trading ex-dividend today, March 6.

NIFTY Midcap 100 top gainers and losers

NSE's NIFTY Midcap 100 gauge fell 0.69% or 399.20 points to close at 57,393.35 on March 6.

The index was weighed down by Ashok Leyland (-4.04%), Godrej Properties (-3.95%), Hindustan Petroleum Corporation (-3.14%), GMR Airports (-3.04%) and Bank of India (-2.92%), which were among the top laggards.

On the flip side, Bharat Dynamics (5.81%), Cochin Shipyard (3.27%), Persistent Systems (3.09%), Hitachi Energy India (2.43%) and SRF (2.42%) were among the top winners.

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap 100 index declined by 0.24% or 39.90 points to end at 17,334.10.

The top losers included Tejas Networks (-6.19%), Mahanagar Gas (-4.51%), Inox Wind (-2.84%), Poonawalla Fincorp (-2.51%) and Signatureglobal (-2.50%).

On the contrary, Jupiter Wagons closed 19.35% higher, followed by Ircon International (9.67%), Radico Khaitan (8.52%), Aegis Vopak Terminals (5.93%) and Garden Reach Shipbuilders & Engineers (5.02%), which were among the top gainers.

Shares of GRSE rose as the PSU signed a Memorandum of Understanding (MoU) with Bharat Forge's subsidiary Kalyani Strategic Systems Limited (KSSL) to jointly develop and promote indigenous solutions for advanced naval systems, unmanned platforms, and other strategic maritime capabilities for domestic and global markets.

source: Upstox,  Dailyhunt 

06/03/26, G R S E share price

Shares of Garden Reach Shipbuilders & Engineers (GRSE) surged as much as 6.93% to hit an intraday high of ₹2,576 apiece on the National Stock Exchange (NSE) on Friday, 6/3/26.

This comes as the PSU signed a Memorandum of Understanding (MoU) with Bharat Forge's subsidiary Kalyani Strategic Systems Limited (KSSL).

At around 1:27 pm, the stock was trading 5.27% higher at ₹2,536 per equity share.

The scrip has gained more than 4% in the past week and 6% over the month. On a year-to-date basis, it has advanced 4%.

While the share hit a 52-week high of ₹3,538.40 on June 23, 2025, it touched a year's low of ₹1,257.20 per unit on March 5, 2025.

GRSE signs MoU

In a regulatory filing dated March 5, the company stated it signed an MoU with KSSL on Thursday to collaboratively develop and promote indigenous solutions for advanced naval systems, unmanned platforms, and other strategic maritime capabilities for domestic and global markets.

GRSE highlighted that it has ascertained no financial implications regarding the MoU at the moment.

Under the partnership, the companies envision joint efforts to deliver indigenous solutions across a broad spectrum of maritime and defence systems.

It added that the broad spectrum includes ship propulsion and mechanical systems for both naval and commercial vessels, integrated platform management systems, steering and stabilizer assemblies, and deck equipment.

It will also include unmanned platforms, comprising Unmanned Surface Vessels (USVs) and Autonomous Underwater Vehicles (AUVs).

The Miniratna firm stated that the partnership will also seek to identify and pursue opportunities within India and in other mutually agreed international markets.

The partnership, as per the statement, is expected to combine GRSE's "extensive expertise in shipbuilding and maritime engineering" with KSSL's "capabilities as a leading defence OEM in the design and manufacture of advanced defence platforms and systems."

GRSE has a total market capitalisation of ₹28,938.13 crore, as of March 6, 2026, according to data on the NSE.

source: Upstox 

06/03/26, Market Hours News

The key equity benchmarks traded with major cuts in the afternoon trade as sentiment remained unsettled amid escalating hostilities between the U.S., Israel, and Iran, fueling fears of a deeper energy supply shock, higher crude prices, renewed inflationary pressures, and a clouded global growth outlook.

The Nifty traded tad below the 24,600 level.

At 13:30 ST, the barometer index, the S&P BSE Sensex, slumped 587.19 points or 0.73% to 79,428.71. The Nifty 50 index fell 175.85 points or 0.71% to 24,597.30.

In the broader market, the BSE 150 MidCap Index fell 0.04% and the BSE 250 SmallCap Index rose 0.23%.

The market breadth was positive. On the BSE, 2,045 shares rose and 1,995 shares fell. A total of 188 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 5.99% to 18.93.

IPO Update:

The initial public offer (IPO) of Sedemac Mechatronics received bids for 50,56,909 shares as against 56,32,899 shares on offer, according to stock exchange data at 13:25 IST on Friday (6 March 2026). The issue was subscribed 0.90 times.

The issue opened for bidding on 4 March 2026, and it will close on 6 March 2026. The price band of the IPO is fixed between Rs 1,287 and 1,357 per share.

Gainers & Losers:

Bharat Electronics (up 2.64%), Reliance Industries (up 2.01%), NTPC (up 1.71%) and Oil & Natural Gas Corporation (up 1.19%) were the major Nifty50 gainers.

ICICI Bank (down 2.51%), InterGlobe Aviation (down 2.11%), Bajaj Finserv (down 1.97%), Eternal (down 2.08%) and HDFC Life Insurance Company (down 1.99%) were the major Nifty50 losers.

Stocks in Spotlight:

Mazagon Dock Shipbuilders surged 5.11% after the company clarified developments related to media reports suggesting it could be part of a defence deal worth around Rs 99,000 crore.

Garden Reach Shipbuilders & Engineers (GRSE) added 5.05% after the company signed a memorandum of understanding (MoU) with Kalyani Strategic Systems (KSSL) to develop India's indigenous naval systems and unmanned maritime platforms.

NMDC rallied 2.46% after the company announced a price hike for Baila Lump iron ore (65.5%, 10-40MM) and Baila Fines (64%, -10 mm), with revised rates effective from 6 March 2026.

Angel One fell 1.78%. The company announced that its client base jumped 20.8% year-on-year (YoY) to 36.93 million in February 2026, compared with 30.58 million in February 2025.

Fractal Analytics surged 5.30% after the company reported 10.6% jump in consolidated net profit to Rs 102.60 crore on 20.8% increase in net sales 854.40 crore in Q3 FY26 over Q3 FY25.

Global Markets:

European equities opened higher on Friday, as investors monitored upcoming economic data, including German factory orders, U.K. house prices, and eurozone GDP figures. German airline Lufthansa is also set to report earnings.

Asian markets traded mixed, tracking Wall Street losses overnight as the Iran conflict pushed energy prices higher.

On the commodity exchanges, oil prices broke through the $80 per barrel mark, with Brent futures last trading at $84.17.

More uncertainty was also seen on the global trade front after New York Attorney General Letitia James and the top prosecutors of 23 other states once again sued to block President Donald Trump's global tariff regime.

This comes after the U.S. Court of International Trade had ruled on Thursday that companies were entitled to tariff refunds from Trump's duties that were struck down by the Supreme Court.

On Wall Street, stocks resumed their decline Thursday after a one-day respite as concerns over the Iran war flared up again.

The Dow Jones Industrial Average declined 784.67 points, or 1.61%, to 47,954.74. The S&P 500 fell 0.56% to 6,830.71, while the Nasdaq Composite dipped 0.26% to 22,748.99.

source:CapitalMarket

06/03/26, GOLD & SILVER

The developments drove investors toward precious metals as a hedge against uncertainty.

As of 7:08 am, spot gold was trading 0.48 per cent higher, or USD 25 higher, at USD 5,108. Prices in the earlier sessions hit their highest level since January 30.

Silver mirrored the same trend, gaining 1.31 per cent to trade at USD 83.33

Gold Price Today: Delhi, Mumbai, Chennai Prices

In the domestic market the gold prices were trading near Rs 1,60,660 while silver was quoting Rs 2,63,010.

In New Delhi, the price stood at Rs 159,910 per 10 gm, and in Mumbai, it stood at Rs 160,190 on Friday.

In Bengaluru, the rate stood at Rs 1,60,320, while in Kolkata, it was Rs 1,59,980 per 10 gm. The price of the precious commodity in Chennai was the highest at Rs 1,60,660 per 10 gm.

The April 2 futures rose to Rs 1,59,920 according to the Multi-Commodity Exchange. The spot prices of the yellow metal were USD 5,108 on Friday.

Silver Price Today: Spot and Future Prices

The precious metal's price rose on Friday and was trading at Rs 2,62,720 per kilogram on March 6, according to the India Bullion Association.

April 30 futures for silver were trading lower at Rs 2,69,499, according to the Multi-Commodity Exchange, while Spot silver gained 1.31 per cent to trade at USD 83.33

Notably, Gold prices could surge to USD 6,500 in the international market by July or August amid escalating geopolitical tensions, potentially pushing domestic prices up by Rs 4,500-5,000 if the rupee remains stable, industry experts said in an exclusive interview with ET Now Swadesh. While elevated prices and volatility have dampened overall demand, with discounts emerging in the physical market and investment interest shifting towards ETFs, wedding-related buying continues to lend some support.

Silver, too, remains fundamentally strong despite recent corrections, though analysts stress that a revival in physical and investment demand will be crucial for sustaining further gains.

Nitin Kedia, National General Secretary, All India Jewellers & Goldsmith Federation (AIJGF), said, "it is expected that Gold could see the $6,500 level in the international market by July or August. Accordingly, in India, we may see a rise of approximately Rs 4,500-5,000, assuming the rupee remains stable."

Source: Economic Times

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. We suggests  reader and investors to consult their financial advisors before making any money-related decisions.)

06/03/26, STOCKS TO WATCH

The Indian stock market rebounded in Thursday's session on March 5 after three consecutive days of steep losses that had erased billions in investor wealth amid concerns that escalating tensions in the Middle East could fuel inflation.

Despite the ongoing conflict between the US and Israel, with Iran remaining tense, the Nifty 50 ended 285 points higher at 24,765, while the BSE Sensex staged a strong recovery, climbing 1.14% to 80,015. Broader markets also witnessed a sharp improvement in sentiment, with the Nifty Midcap 100 and Nifty Smallcap 100 each gaining more than 1.4% by the close.

"Indian equity markets ended the session with over 1 per cent gain, managing to snap a sharp multi-day losing streak. With the Middle East conflict entering its sixth day, uncertainty over whether the situation will move toward resolution or further escalation kept market participants cautious, resulting in a consolidation-driven trading session. However, volatility remains elevated, indicating that markets continue to be sensitive to geopolitical headlines," said Ponmudi R, CEO of Enrich Money.

Stocks to Watch

Amid the backdrop of the US-Iran war, these stocks are likely to remain in focus on Friday, March 6, 2026 -

Jio Financial Services

The company invested ₹147.45 crore in its joint venture, Allianz Jio Reinsurance. In a stock exchange filing, the Reliance Group firm said it subscribed to 14.75 crore equity shares of Allianz Jio Reinsurance Ltd at par value, amounting to a total investment of ₹147.45 crore in cash.

Bajaj Auto

KTM AG has completely repaid its €450 million secured term loan to Bajaj Auto International Holdings BV, a wholly owned subsidiary of Bajaj Auto. As a result, the facility agreement was terminated on Thursday.

Tata Consultancy Services

The IT giant said it is in advanced discussions to set up additional AI data centres in the country. In a stock exchange filing, the Tata Group firm stated that it is strengthening India's artificial intelligence infrastructure, following its agreement with OpenAI to develop data centres with capacities ranging from 100 MW to 1 GW.

Tata Elxsi

The company has introduced DevStudio.ai, a multi-agent, ASPICE-aligned generative AI platform aimed at accelerating automotive software engineering.

Dr Reddy's Lab

The company said it has received the Establishment Inspection Report (EIR) from the U.S. Food and Drug Administration for its formulations manufacturing facility in Srikakulam, Andhra Pradesh.

SBI Cards & Payments

SBI Cards and Payment Services announced an interim dividend of ₹2.50 per equity share for the financial year 2025-26. The company has set March 11, 2026, as the record date to determine shareholders eligible to receive the dividend.

Mazagon Dock Shipbuilders

The company has issued a clarification regarding reports that attributed the recent surge in its share price to a potential defence contract worth ₹99,000 crore.

DCX Systems

DCX Systems said it has secured a purchase order worth ₹68.05 crore from Hindustan Aeronautics Limited (HAL).

Zaggle Prepaid Ocean Services

The fintech company announced that it has signed a three-year agreement with Blue Star Ltd to offer its Zaggle Save employee expense management and benefits solution.

Garden Reach Shipbuilders & Engineering

The company has entered into a memorandum of understanding (MoU) with Bharat Forge's subsidiary, Kalyani Strategic Systems Limited (KSSL), to collaborate on the development and promotion of indigenous solutions for advanced naval systems and maritime technologies.

source: Mint

Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.

06/03/26, Does Pakistan attacks iran's chabahar Port to support Saudi Arabia? why this could become a big challenge for India.

Tensions in West Asia are continuing to rise as the conflict involving Iran deepens. In the middle of this uncertainty, discussions have started about whether Pakistan could enter the conflict on the side of Saudi Arabia and the United States

Some analysts believe that if the war expands further, Pakistan might consider supporting Saudi Arabia under an existing defence understanding between the two countries. Such a move could significantly change the balance of power in the region and also affect several strategic projects linked to India.

Pakistan Signals Support for Saudi Arabia

Pakistan has recently reminded Iran about its defence agreement with Saudi Arabia. Pakistani Foreign Minister Ishaq Dar said that Islamabad has informed Tehran about the security understanding it shares with Riyadh. According to him, the agreement exists to ensure the protection of Saudi territory if it faces serious threats.

Iran has carried out several attacks in the region in recent days, claiming that its targets are mainly American military infrastructure present in Saudi Arabia. However, experts say the situation is becoming complicated and unpredictable.

Diplomatic observers believe that if attacks in the region continue, Pakistan could face pressure to support Saudi Arabia in line with its defence commitments.

Why Pakistan Might Join the Conflict

Strategic analysts say Pakistan may see several potential advantages in joining the conflict if it escalates further.

One reason could be Pakistan's attempt to rebuild its strategic relationship with the United States. For years, Islamabad has tried to regain the position of Washington's key regional partner. Taking a stronger role in the current conflict could help Pakistan improve defence ties with the US again.

Another possible motive could be military cooperation and access to advanced weapons systems. Pakistan has long relied on American military equipment, and stronger ties could bring renewed support and technology.

Chabahar Port Could Become a Target

Experts also believe that the conflict could create an opportunity for Pakistan to target Iran's Chabahar Port, a project in which India has invested heavily.

Chabahar has major strategic importance for India because it provides a direct trade route to Afghanistan and Central Asia without passing through Pakistan. The port is often viewed as a counterbalance to Pakistan's Gwadar Port, which has been developed with Chinese support.

Some analysts warn that if Pakistan becomes part of the conflict, it might attempt to strike strategic infrastructure such as Chabahar under the cover of war. Any such move would directly affect India's economic and geopolitical interests in the region.

Strategic Concerns for New Delhi

For India, the situation is being watched very closely. New Delhi has invested significant diplomatic and financial resources into the development of Chabahar Port to strengthen trade connectivity with Afghanistan and Central Asia.

If the conflict spreads and Pakistan becomes involved militarily, India's long-term plans linked to Chabahar could face serious uncertainty. A direct attack or instability in the region could disrupt shipping routes and infrastructure projects connected to the port.

Pakistan Also Looking at Afghanistan Factor

Another factor influencing Pakistan's calculations could be Afghanistan. Some analysts believe Pakistan might use closer cooperation with the United States to push for renewed security arrangements in Afghanistan.

There is speculation that Islamabad could support efforts to bring American forces back to strategic bases such as Bagram Airbase, especially if tensions in the region intensify.

For now, these developments remain speculative, but the rapidly evolving conflict in West Asia is creating new geopolitical calculations for many countries in the region.

source:News24

The MINT report: The Gift Nifty is trading 350 points lower in late trading on Thursday, 5 March, indicating that markets could resume their losing streak when trading opens on Friday, 6 March.

After a three-day brutal sell-off that wiped out billions of investors' wealth, Indian benchmark indices staged a strong recovery in today's session, with the rally led by metal and auto stocks, but those gains appear to be short-lived, given the weak indication from the Gift Nifty.

The war in the Middle East, which was triggered after the US and Israel killed Iran's supreme leader and top military officials, entered its sixth day on 5 March, with Tehran continuing its attacks on US forces in Iraq and Kuwait and struck an oil tanker in the Persian Gulf, while Israel reportedly said it carried out a twelfth wave of airstrikes on the Iranian capital, hitting military and intelligence assets.

As the war shows no signs of abating, Brent crude jumped 3% to $85 per barrel, approaching its highest level since July 2024.

Tanker traffic through the Strait of Hormuz - the world's most vital transit route for crude oil - had come to a halt after an Iranian Revolutionary Guard commander threatened to set fire to ships attempting the route.

Ship-tracking data now shows around 300 oil tankers currently inside the Strait of Hormuz, with traffic in and out of the chokepoint all but halted following the outbreak of the war, according to Reuters.

On Tuesday, US President Donald Trump said that the US is preparing to provide risk insurance and escorts for ships in the Persian Gulf to ensure traffic can move through the Strait of Hormuz. However, the White House has so far not provided additional details on this.

Meanwhile, earlier this week, QatarGas announced that it has stopped LNG output at its main facility after military attacks. This is Qatar's main LNG facility and handles 82 mmtpa of LNG, or about 25% of global LNG supply.

US stock market today

The US key averages saw renewed selling in today's session, with the Dow Jones Industrial Average falling 900 points, or 1.8%, at the day's low of 47,834, while the S&P 500 and the Nasdaq Composite dipped 1% and 0.40% respectively.

Investors await key economic data, with initial jobless claims due later today, while the more critical unemployment rate and nonfarm payrolls numbers are scheduled for tomorrow, which will provide cues about the Federal Reserve System's rate-cut outlook.

Disclaimer: We advise investors to check with certified experts before making any investment decisions.