Market News

Overnight, Brent crude futures were trading near $93 per barrel, up roughly $7.6 on the day, while West Texas Intermediate (WTI) crude rose about $10.5 to $91.5 a barrel.

Goldman Sachs bought approximately Rs 101 crore worth of stake, whereas Mirae Asset cumulatively acquired close to Rs 129-crore shares.

FPIs stayed net sellers of Indian equities for the sixth consecutive day on Friday.

The world's largest cryptocurrency slumped as much as 1.9% on Friday before recovering slightly

S&P 500 opened 1.3% or 90.95 points lower at 6,739.76

The new rules will take effect from April 30, 2026 across the mutual fund industry.

The market regulator's greenlight has paved the way for these players to make their D-Street debuts in the coming months.

At the interbank foreign exchange market, the rupee opened at its previous session's closing level of 91.64 against the greenback and moved in a narrow range between an intra-day high of 91.54 and a low of 91.78 during the session.

On Friday, the benchmark indices resumed rout after a breather on Thursday. Sensex fell over 1,000 points and the Nifty settled near 24,450.

Ministry of Railways (India) is considering a merger between IRCON International Ltd. and Rail Vikas Nigam Ltd., a move that could create a larger railway engineering powerhouse.

In a scenario analysis, UBS examined the potential impact of rising energy prices on India's banking sector, warning that a sharp increase in crude could push up inflation and slow consumption.

HSBC has cut Asian Paints' target price to Rs 2,600. Similarly, Berger Paints India Ltd. target price has been trimmed to to Rs 500.

The regulator held the company's Managing Director and Chief Financial Officer responsible for publishing misstated financials and failing to discharge their fiduciary duties.

Rajputana Stainless IPO: The Rs 255-crore IPO will remain open for subscription from March 9 to March 11.

India's IPO pipeline remains large, but early-2026 launches have slowed as issuers rethink valuations and market timing. Bankers say the deals are ready — the trigger now is sentiment.

SEDEMAC Mechatronics IPO closes on March 6, with the grey market premium indicating a slight discount on the listing price at Rs 1347 per share.

The ongoing conflict involving Iran and the US-Israel alliance has renewed optimism around improved investor sentiment and the potential for increased export orders for defence manufacturers.

The stock extended losses after the opening bell on the back of the block deal after Chinese cloud computing firm Tencent Cloud sold PB Fintech shares via a joint transaction.

Despite the earnings' upgrades, Macquarie reiterated its Underperform rating on Nykaa but hiked the target price of Rs 210, implying potential downside from current levels.

Nifty 50 could rally more than 40% to around 31,700 in the long term if it manages to hold above a key technical support zone, according to CLSA strategist Laurence Balanco.