Stock Market News Today Live Updates: Nifty Above 23,200, Sensex Surges Nearly 900 Points; Rupee Weakens To Below 93 A Dollar

• MRPL rises as much as 8.6% to Rs 200.60, with trading volumes over three times its 20‑day average.
• Websol Energy System jumps up to 14.6% to Rs 71.46; volume is nearly eight times its 20‑day average.
• Happiest Minds climbs as much as 11.1% to Rs 412.85, with volumes about six times its 20‑day average.
• PhysicsWallah gains up to 9.4% to Rs 94.38, with volumes 55% above its 20‑day average.

Source: Bloomberg

• Rupee weakens further and falls below 93 a dollar in early trade.
• The currency continues to depreciate after touching fresh record lows.

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• HDFC Bank continues to decline despite clarification from management, the government and the RBI.
• The fall follows the resignation of part‑time chairman Atanu Chakraborty, who said he stepped down over concerns about practices he felt did not align with his personal values and ethics.
• Chakraborty added that there were “no other material reasons” behind the decision.
• The stock drops as much as 2% to Rs 793.

• RIL, HDFC Bank and SBI are the top gainers on the Nifty.
• HDFC Bank, Hindalco and HDFC Life are the only stocks trading in the red.

• Indian benchmarks open higher, resuming gains after a one‑day pause.
• Nifty rises up to 1.1% to 23,263.
• Sensex climbs as much as 891 points, or 1.2%, to 75,098.

• Rupee weakens further to 92.94 against the US dollar, hitting a new record low.
• The local currency depreciates by about 30 paise in early trade.

• Nifty and Sensex fluctuate in the pre‑market session and hold near previous close.
• Both indices show little change ahead of the opening bell.

• Rupee opens at 92.90 against the US dollar, marking a new record low.
• The currency weakened further to 92.91 in early trade.

• Nifty March futures fall 2.74% to 23,125.70, trading at a premium of 123.55 points.
• For the 24 March expiry, maximum Call OI stands at 25,000 and maximum Put OI at 21,000.
• Stocks in the F&O ban: SAIL and Sammaan Capital.

BofA on HDFC Bank

• Maintains Buy with a target price of Rs 1,175.
• Says the unexpected chairman exit adds uncertainty but fundamentals remain intact.
• Believes the departure reflects personal differences with senior management.
• Notes the bank’s strong governance record over more than 25 years.
• Remains constructive on valuation and improving operating performance.
• Says sustained loan growth is key for the next phase of re-rating.

Jefferies on HDFC Bank

• Maintains Buy with a target price of Rs 1,240.
• Says the outgoing chairman’s “no wrongdoing” comment and RBI’s clarification are reassuring.
• Notes that valuation appears attractive.

Kotak Securities on HDFC Bank

• Maintains Buy with a target price of Rs 1,050.
• Says stability is reaffirmed but re-rating requires more clarity.
• Notes limited insight into the reason for the exit, which may keep investors cautious.
• Says management changes could face heightened scrutiny, adding near-term uncertainty.
• Warns the bank could see valuation de-rating despite steady performance.
• Expects HDFC Bank’s discount to ICICI Bank to widen, with premiums converging toward Axis Bank.

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• HSBC starts coverage on Blue Star with a Hold call and a target price of Rs 2,000.
• Says the company remains a key player in India’s cooling market with strong R&D and distribution.
• Notes that its commercial business helps offset seasonal swings.
• HSBC highlights that valuation is demanding at current levels.

• HSBC initiates Buy on LG Electronics with a target price of Rs 1,850.
• Says growth outlook remains firm despite the past two weak quarters.
• Expects margins to improve over the forecast period.
• Lists triggers including capacity expansion, strong premium positioning, wider price range and export opportunities.
• Notes that valuation appears undemanding.

• Nifty fails to move above the former support zone of 23,700–23,800, which now acts as resistance.
• CLSA says this reinforces the March breakdown.
• Index remains within the wider 21,777–21,800 support and 23,700–23,800 resistance range.
• A move towards the 2025 lows looks more likely, which would cancel the earlier cup‑and‑handle pattern.
• CLSA notes the consolidation has turned into a more complex and extended structure.

Positive

• Adani Ports, Adani Power: Intent to acquire assets from Jaiprakash Associates.
• IT stocks: Accenture raises lower end of guidance.
• ONGC, Oil India: Brent crude prices stay elevated.
• SBI: SBI Funds files DRHP.
• FACT, NFL, RCF: Government increases gas supplies.
• Deepak Nitrate, Meghmani Organics: Anti-dumping duty imposed on China’s DASDA imports.
• Electrosteel Castings, Gallant Ispat, IOL Chemical: Promoter buying.
• Cipla: To invest $100 million in EU arm.
• Gillette India: Positive update from Rajasthan State Pollution Control Board.
• Verandah Learning: NCLT clears restructuring.
• ACME Solar Holdings: Commissions Gujarat power project.
• JSW Cement: Rajasthan plant starts production.
• Power Grid: Board clears merger of 28 arms into two wholly owned units.
• Surya Roshni: Promoter buying.
• HCL Tech: Arm repays outstanding debt.
• IREDA: Raises FY27 borrowing plan.
• Lemon Tree: Signs pact for hotel in Lonavla.
• Amber Enterprises: Plans Rs 296 crore investment in IL JIN Electronics.
• Samvardhana Motherson: JV pact with Hellmann Worldwide Logistics.
• NTPC, TCS: Pact signing updates.
• Nestlé: Rs 225 crore investment for Munch.
• Indiqube Spaces: Workspace leasing deal.
• JK Cement: Preferred bidder for Andhra Pradesh limestone block.

Negative

• Hindustan Zinc, gold financing firms: Sharp fall in silver and gold prices.
• Hindustan Copper, NALCO, Hindalco: Metals sell-off continues.

• Accenture reports Q2 revenue of $18 billion, up 8%, with bookings at $22.1 billion, up 6%.
• The firm lifts its full-year revenue growth guidance to 3–5%.
• Brokerages say Indian IT demand trends remain muted, with high competitive intensity.
• Analysts flag risks from the Middle East and note slow momentum in key verticals, though some trends may support Indian IT firms.

Read the full report here

• Shanghai Composite starts the session at 4,004.57, down 0.05%.
• Shenzhen opens higher, rising 0.86%.

Japan’s markets are closed today for the Vernal Equinox holiday.

• Hang Seng slips 0.6% in early trade.
• Kospi gains nearly 1%, while Kosdaq rises 0.94%.
• Australia’s ASX 200 edges down 0.27%; Japan is shut for a holiday.

• GIFT Nifty stands at 23,173.50.
• The level is above Thursday’s Nifty 50 close of 23,002.15.