The Finance Ministry is evaluating impact of Iran conflict on disinvestment pipeline, government sources told NDTV Profit. According to people in the know, prolonged conflict may affect valuations of planned stake sales and offer for sale in this fiscal.
In addition, people in the know told NDTV Profit that the government will proceed with the strategic sale of IDBI Bank with caution.
So far the Central Public Sector Enterprises dividend receipts stands at Rs 70,577 crore, while the disinvestment receipts are at Rs 15,562 crore. The asset monetisation receipts stood at Rsd 18,837.42 crore.
The government has set Rs 47,000 crore capital miscellaneous receipts target for fiscal 2026. The Centre pegs CPSE dividend receipts at Rs 71,000 crore in fiscal 2026 RE.
This comes as Nifty and Sensex had entered correction territory on Monday. The Nifty 50 was trading 2.3% lower at 23,995 after falling as much as 3.1% earlier in the day, while the Sensex was down 2.2%, or 1,783 points, at 77,135. The 30-share index had dropped as much as 2,500 points during intraday trade before trimming some losses.
The decline pushed both indices into correction territory, with the Nifty falling more than 10% from its record high and the Sensex dropping about 11% from its all-time peak.
The selloff in Indian equities came amid heightened global uncertainty as the conflict involving Iran, the United States and Israel entered its ninth day, triggering volatility across global financial markets.
Oil prices surged sharply earlier in the session as traders reacted to fears of supply disruptions in West Asia, one of the world's most important energy-producing regions. Crude prices had earlier spiked close to $120 per barrel in the largest intraday jump on record before easing from the highs later in the session.
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