Share Market Highlights 9th March 2026: Sensex, Nifty sink nearly 2% on surging crude oil prices, West Asia turmoil

Rupee falls 53 paise to close at all-time low of 92.35 against US dollar

Rupee loses 53 paise to settle at all-time low of 92.35 (provisional) against US dollar. (PTI)

SBI IBU GIFT, India INX Global Access (IFSC) Collaborate to Expand Global Investment Opportunities for Indian Investors

World shares tumble as Iran war pushes crude prices over $110 a barrel

Mirae Asset Mutual Fund enters India and Asia Book of Records for largest investment focused financial literacy campaign for female participants

Mirae Asset Mutual Fund has received recognition from the India Book of Records, for conducting the Largest Investment-Focused Financial Literacy Campaign for Female Participants.

The campaign, conducted from January 12, 2026 to January 26, 2026, reached 39,833 girl students through 571 structured financial literacy programmes across 45 cities and 320 colleges in a span of 15 days. The initiative was undertaken as part of the Investor Awareness and Education initiative with the objective of building awareness about mutual funds and encouraging early investment habits among young women.

ARCIL appoints Phanindranath Kakarla as Chief Executive Officer & Managing Director

Asset Reconstruction Company (India) Limited (ARCIL), India’s pioneer asset reconstruction company, today announced the appointment of Phanindranath Kakarla as Chief Executive Officer and Managing Director, effective March 8, 2026. He succeeds Pallav Mohapatra, who steps down following the completion of his term as CEO & MD under the company’s planned leadership succession transition.

ARCIL has been an institution in India’s stressed asset resolution ecosystem since its inception in 2002 and continues to play a critical role in supporting banks and financial institutions in addressing non-performing assets.

Mahanagar Gas to acquire 26% of equity stake in FPEL Reliant, by investing an amount Rs. 389 Lakh, to set up solar power plant at State of Maharashtra for consumption at CNG stations.

Gartner Forecasts Information Security Spending in India to Total $3.4 Billion in 2026

End-user spending on information security in India is projected to total $3.4 billion in 2026, an increase of 11.7% from 2025, according to Gartner, Inc., a business and technology insights company.

“Security spending in India is set to grow in 2026 as enterprises confront increasingly sophisticated AI driven‑ threats and comply with more stringent regulatory requirements,” said Shailendra Upadhyay, Sr Principal at Gartner. “Indian chief information security officers (CISOs) are making a strategic shift toward dynamic and preemptive defense models.

Stock Market Closing Bell

Benchmark indices staged a mild recovery, settling off the day’s low. Sensex ended 1352.74 pts or 1.71% lower at 77,566.16, Nifty 50 depreciated 422.40 pts or 1.73% to 24,028.05.

Entrust Family Office Marks 13 Years, Expands NRI Services and Insurance Offerings to Support Global Wealth and Legacy Planning

Entrust Family Office marks its 13-year milestone with the expansion of its NRI services to serve the global Indians, and the introduction of insurance solutions to enhance the estate planning offering, reflecting the firm’s continued evolution alongside the changing needs of Indian entrepreneurial families.

Tata Power marks the rise of women collectives through Anokha Dhaaga in Mumbai

Tata Power celebrates the inspiring journeys of women whose lives have been transformed through Anokha Dhaaga, the company’s livelihood initiative focused on empowering women from underserved communities. What began as a small stitching centre in Maval, Maharashtra, has grown into a vibrant network of women collectives that support one another in building sustainable incomes and stronger community leadership.

ata Capital Housing Finance, wholly owned subsidiary of Tata Capital, has allotted equity shares aggregating to Rs 650.02 cr on rights basis to TCL

360 ONE Asset Closes Fifth Vintage Private Credit Strategy at ₹3,500 Crore

360 ONE Asset, one of India’s leading alternative asset managers, today announced the successful close of its fifth vintage private credit strategy, with total commitments of ~INR 3,500 crore (~USD 400 million), including managed assets.

“The successful close of our latest fund at ~INR 3,500 crore reflects the deep trust our investors place in our platform and our ability to consistently deliver resilient, risk-adjusted returns,” said Aakash Desai, CIO and Head, Private Credit at 360 ONE Asset.

Honeywell and IIT Bombay Establish Centre of Excellence to Advance Sustainability Skills and Innovation in India

Honeywell (NASDAQ:HON) today announced an agreement with the Indian Institute of Technology Bombay (IIT Bombay) to establish a new Centre of Excellence at the Institute’s Powai campus that will help skill more than 100,000 students by 2030 in sustainability-related fields.

The IIT Bombay – Honeywell Centre of Excellence for Future Skills & Innovation (IITB-Honeywell CoE) will be created and fully funded by Honeywell Hometown Solutions India Foundation (HHSIF) – Honeywell’s philanthropic arm in India. The IITB-Honeywell CoE will offer advanced laboratory infrastructure, equipment procurement, curriculum design and research and innovation grants.

Nashik Municipal Corporation (NMC) today celebrated the successful listing of its ₹200 crore Green Municipal Bonds on the NSE

In a significant milestone for urban infrastructure financing, Nashik Municipal Corporation (NMC) today celebrated the successful listing of its ₹200 crore Green Municipal Bonds on the designated stock exchange i.e. National Stock Exchange of India. The issue marks Maharashtra’s first public issue of municipal bonds by an Urban Local Body (ULB) and reflects strong investor confidence in the city’s sustainable development agenda.

The bond listing ceremony for NMC’s second municipal bond issue was held in the presence of Shri Devendra Fadnavis, Chief Minister of Maharashtra.

The event was also attended by senior bureaucrats from the Government of Maharashtra, senior officials of Nashik Municipal Corporation, and dignitaries from the financial and civic ecosystem, who gathered to celebrate the achievement and congratulate the Mayor of Nashik, Smt. Himgauri Aher, and the Commissioner of Nashik, Smt. Manisha Khatri, on the successful listing of NMC’s Green Municipal Bonds

The public issue of municipal bond witnessed strong investor participation and was oversubscribed more than five times, reflecting growing investor confidence in municipal financing as well as Nashik’s long-term growth potential.

Gaurav Udani, Founder – Thincredblu Securities Pvt. Ltd., “Nifty witnessed a volatile session today after opening with a sharp gap-down of nearly 600 points.

Gaurav Udani, Founder – Thincredblu Securities Pvt. Ltd., “Nifty witnessed a volatile session today after opening with a sharp gap-down of nearly 600 points. The index, however, managed to stage a meaningful recovery of around 350 points from the day’s low, indicating buying support emerging in the 23,700–23,800 zone.

The recovery suggests that despite the sharp sell-off, buyers are stepping in at lower levels. From a technical perspective, if Nifty is able to sustain above the 24,150 mark in the coming session, it could open room for a move toward the 24,400 levels over the next few sessions.

That said, markets remain highly sensitive to developments around the ongoing geopolitical tensions. News flow related to the conflict could continue to trigger sharp swings.

In such an environment, traders should avoid excessive leverage and overtrading, and focus on disciplined risk management as volatility is likely to remain elevated.

PNGS Reva Diamond Jewellery has opened a retail store in Shop-in-Shop (SIS) format store with P. N. Gadgil & Sons Limited at Tribeca Highstreet, NIBM Post Office Road, Kondhawa, Pune.

Laxmi Organic Industries receives intimation that an appeal has been filed by MSEDCL

Laxmi Organic Industries has received an intimation that an appeal has been filed by Maharashtra State Electricity Distribution Company Limited (MSEDCL) before the Appellate Tribunal for Electricity (APTEL) against the Company and the Maharashtra Electricity Regulatory Commission (MERC), challenging the Final Order passed by MERC in Case No. 137 of 2025 in favour of the Company.

Stock Markets live updates: Market Overview

Nearly 3,466 stocks declined, 173 remained unchanged and only 865 advanced of all the 4,504 stocks that were traded on the BSE at around 3.10 pm. 70 stocks rose to hit 52-week high, while 852 shares fell to hit 52-week low. In addition, 166 counters hit the upper circuit and 309 hit the lower circuit.

Sensex traded 1334.53 pts or 1.69% lower at 77,584.37 at 3.08 pm, and Nifty 50 shed 414.25 pts or 1.69% to 24,036.20

GAIL seeks LNG cargo for March delivery

UltraTech Cement drops 5% on solar energy venture deal

UltraTech Cement shares fell 5% on the NSE to ₹11,369.

Company had entered into an energy supply agreement and a share subscription and shareholders agreement to acquire a 26.20% stake in Sunsure Solarpark Thirty Eight Pvt Ltd.

LIC receives demand order for GST, interest, and penalty from GST authorities

Life Insurance Corporation of India has received demand order for Goods & Service Tax, Interest and penalty from GST authorities in Himachal Pradesh state’.

Demand of GST, interest and penalty for F.Y. 2019-20 GST – INR 17,90,956; Interest – INR 27,22,254; Penalty – INR 17,90,956

Shares traded at ₹801.75 on the NSE

Justin Khoo, Senior Market Analyst – APAC, VT Markets on Global Markets Watch CPI Data as Gold Consolidates and Oil Breaks 100

Market sentiment this week is likely to remain driven by a mix of macroeconomic developments, geopolitical tensions, and regulatory uncertainty. The US Dollar Index has already gapped higher, with markets watching whether the index can move beyond the 99.631 level and potentially test 100.321 if bullish momentum continues. Strength in the dollar has also supported USDJPY, which has continued to rise and is currently testing the 158.60 area, a key level that could determine whether the pair moves toward 159.447. Meanwhile, broader markets may remain volatile as the ongoing war in Iran continues to influence risk sentiment and commodity prices, with USOil already breaking above 100.

On the macro front, attention will turn to upcoming US CPI data, forecast at 2.5% year-on-year versus 2.4% previously, as a combination of a weakening labour market and rising inflation could create a challenging backdrop for the US economy. In commodities, gold appears to be consolidating, but if prices break 4996.04, markets should monitor price action closely, while a move below 4842 could bring additional selling pressure.

Intellect Design Arena Wins Digital Transformation Mandate from Parama Credit Union

Intellect Design Arena Ltd. has been selected by Parama Credit Union to drive its digital evolution through Intellect’s eMACH.ai Digital Engagement Platform (DEP).

Shares traded at ₹668.15 on the NSE.

GAIL, Petronet LNG, Gujarat Gas, ATGL fall up to 6% as West Asia conflict sparks supply disruption fears

Shares of leading gas and liquefied natural gas companies witnessed sharp selling pressure on Monday as escalating tensions between Iran and the Israel–US alliance heightened fears of prolonged disruption in global energy supply chains.

AU Small Finance Bank drops 4% on RBI’s universal bank approval tweak

AU Small Finance Bank shares traded 4% lower on the NSE at ₹924.80.

The bank had informed exchanges that the RBI modified its in-principle approval to become a universal bank.

Previously, RBI stipulated that promoters/promoter group shareholding in the transitioned Universal Bank must be held through a Non-Operative Financial Holding Company (NOFHC). This NOFHC requirement is now deferred and will only apply if the Bank or its promoter group establishes any new group entity in the future.

HDFC Bank shares slide 4% to 52-week low, Kotak upgrades to buy

PG Electroplast shares tank 5% on the NSE to ₹579.15.

PGEL Gas Suppliers has communicated regarding a shortage of Gas under its Gas Sale and Purchase Agreement. The said communication is due to the constraints faced by certain vessels arising from maritime navigation restrictions in light of the recent ongoing war in the Middle East region impacting the gas supply scenario, the availability of gas has become severely constrained. Consequently, due to supply restrictions imposed by the suppliers, the allocation of LPG quantities to PGEL under the said contract has been constrained with effect from March 09, 2026.

Swiggy shares traded at ₹295.55 on the NSE, down 2%.

Swiggy, India’s pioneering on-demand convenience platform, and HDFC Bank, India’s largest private sector bank, today announced the expansion of their co-branded credit card portfolio with the launch of two new variants: the Swiggy BLCK HDFC Bank Credit Card and the Swiggy Ornge HDFC Bank Credit Card.

Hyundai Shares traded at ₹2,021.60 on the NSE, down 3%

Hyundai Motor India Limited Reignites the Mid-size Sedan Segment Launches the new Hyundai VERNA at a starting price of ₹10,98,400

IndiGo shares plunge over 8% to 52-week low amid West Asia conflict, brokerages see long-term upside

Paras Defence Shares traded at Rs 731 on the NSE, down 2.45%

Paras Defence and Space Technologies announced the receipt of an order from DRDO, Ministry of Defence valued at approximately Rs. 80.28 Cr. (Incl. of Taxes) for Development of High Precision Optical System for Air Defence Applications.

Nifty Bank Prediction Today – March 09, 2026: More fall on the cards

Aviation stocks – IndiGo and SpiceJet hit 52-week lows today. OMCs HPCL, BPCL and IOC dragged

Gold slumps as oil surge stokes fears of higher interest rates

Gold fell, pressured by a stronger US dollar and concerns over higher interest rates, as the war in the Middle East extended into a second week and oil surged toward $120 a barrel. Bullion tumbled as much as 3% to $5,015 an ounce, following its first weekly decline in more than a month, before paring some losses. Read more

Banking stocks bleed as oil shock, FII selling batter Nifty Bank

Banking stocks opened sharply lower on Monday morning, with the Nifty Bank index falling 2,390 points, or 4.14 per cent, to 55,393 in early trade, as a surge in global crude oil prices and sustained foreign institutional selling compounded existing market weakness. Read more

Ms on Tata Motors PV

Maintain Equal-Weight, Target: ₹360

Jaguar phase-out; focus on Land Rover data

Land Rover US February data was weak

EU top five markets recovered

Sales in Germany, UK, France, Italy & Spain rose 19% YoY in Feb 2026 vs flat YoY in Jan 2026

Combined LR sales in the US & EU top five fell 7% YoY in Feb 2026 vs 15% decline in Jan 2026

West Asia may remain weak in Q4FY26

China imports fell 28% in Jan 2026; Feb data awaited

BofA India strategy (Amish Shah)

Navigating geopolitical volatility

Expect Nifty to deliver 11% EPS growth in FY27 vs street at 16%

A time-bound resolution of the conflict could lead to a sharp relief rally

Rally could extend to capital market plays (AMCs, brokerages, exchanges & custodians) as well as Private Banks and Cement

Recent pullback stems more from FII outflows led by macro uncertainty than deterioration in underlying fundamentals

If conflict drags on, these sectors will continue to correct further

BofA preferred themes / avoids

Prefer Defense over EPC contractors

Prefer Coal, Wires & Cables and Data center themes over Railways, Ports/Logistics, Industrials, Infrastructure, EMS, Shipbuilding and Cement

Among defensives, prefer Telecom, Hospitals and Pharma versus Utilities, Renewables, Staples and Retailers

Prefer Upstream energy and non-ferrous metals over Downstream energy and Steel

Within Discretionary, favor QSR, Quick Commerce, Jewelers and Two wheelers over Airlines/Airports, Hotels, Durables, Real Estate, Alcoholic beverages, Auto Ancillaries and Tyres

Within Financials, prefer Exchanges over AMCs & Capital market plays and Banks over NBFCs, Insurance and Housing Finance

Citi on Siemens

Recommendation: Neutral, Target: ₹3,350

Mid-to-long term macro setup supported by India’s intent to increase manufacturing’s GDP share

Siemens highlighted next phase of industrial digitalization – moving from digital twins to Industrial AI

Company leveraging currently unused factory data to improve productivity

Positioning Xcelerator platform and ecosystem partnerships to embed early in project design

Prioritizing industry-specific AI solutions so pilots don’t stall and can be rolled out at scale

Mosl on Nippon India AMC

Maintains Buy rating with a revised target price of ₹1,040 (from ₹1,060)

Fastest-growing AMC with steady SIP flows and ETF dominance

Fund performance remains stable over the last few months

Alternatives (AIF Platform) – building a scalable, margin-accretive adjacency

Regulatory impact on yields – gradual compression with mitigation levers

Ongoing business diversification and prudent cost management expected to mitigate yield compression impact and support valuation resilience

Expect a CAGR of 16%/17%/18% in revenue/EBITDA/core PAT over FY26–28E

Citi on India beverages

Karnataka budget reforms expected to support faster growth in the beer segment

Improved affordability may increase beer consumption and category adoption

Premiumisation in IMFL likely to accelerate with pricing flexibility

Companies gain better control over portfolio and pricing strategies

Policy could ease margin pressures during periods of input cost inflation

Shift away from government-controlled pricing supports industry profitability

Technology-driven compliance expected to benefit organised players most

Morgan Stanley on Lupin

Maintains Equal Weight rating with a target price of ₹2,386 (unchanged)

US FDA inspection concluded at Ankleshwar facility March 2 to 7

Two observations issued in Form 483

Company to respond within stipulated timeframe

Event seen as manageable regulatory development

FY26 strong earnings driven by gJynarque, gMyrbetriq, gSpiriva

Competition and pipeline gestation may moderate growth post FY26

Citi on Torrent Pharmaceuticals

Maintain Buy with a target price of ₹5,100 (up from ₹4,380)

Company focusing on integrating the JB acquisition, realising synergies and reducing debt

Management expects ₹4–4.5bn cost synergies from JB

Deal strengthens presence in select India pharma market segments and emerging markets

India business (Torrent + JB) expected to sustain double-digit growth

US business focus on reaching EBITDA positive post-R&D and scaling to $200mn+ revenue

EBITDA margins expected to expand and net debt/EBITDA to decline; net cash expected by FY30E

One of Citi’s preferred picks in Indian pharma

UBS on AU Small Fin BK

Neutral, TP Rs 1100

RBI eases promoter holding norms via “NOFHC” for transition to a Universal bank

Non Operative Financial Holding Company (NOFHC) requirement applies only if bank forms a group entity

Bank to submit its Universal Banking license application soon.

Slight positive as it eases the path for transition to a universal bank

Kotak Inst Eqt on HDFC BK

Upgrade to Buy, TP Rs 1050

Upgrade noting recent underperformance & a price correction that has widened its valuation discount to peers

While business model & loan book remain broadly comparable across large banks, HDFC Bank’s liability-side constraints justify a lower multiple.

At current levels, would want to believe that downsides are fairly limited, but do acknowledge that a sharp outperformance needs greater visibility of improvement in liability franchise

Re-rating needs a degree of confidence on NIM expansion

Kotak Inst Eqt on Interglobe Aviation

Upgrade to Buy, TP Rs 5500

note large exposure of airlines to crude prices and jet fuel spreads, limiting ability to forecast cost structures and take a call on the price elasticity of near-term demand

What investors should be more mindful of is fast-growing losses of Indigo’s peers.

Aggregate investments of this subset are meaningful, requiring better-than Indigo’s peak post-Covid pre-tax operational profitability to achieve high-single-digit post-tax returns.

Airlines are better understood as a play on consumer spending, with consumer eventually paying for inflation over time & airlines benefiting from bouts of deflation.

Rupee may open at all‑time low, pressured by $100‑plus crude; RBI response eyed

Global bits

China – Targeted 4.5–5% growth for 2026 amid weak consumer demand and rising oil-driven inflation risks pressuring regional markets.

Euro Area (Europe) – Markets slumped on Middle East tensions and inflation fears, while leaders warn the traditional workforce-driven growth model is fading.

United States – Manufacturing and labor markets remain resilient despite rising input costs, though travel stocks and inflation risks reflect geopolitical strain.

Canada – Policy shifts improving energy project prospects, benefiting North American investment outlook.

Latin America (Region) – Positioned for potential crude export gains amid jet fuel shortages, while U.S. initiatives aim to counter China’s regional influence.

Russia – Facing budget strain, slowing growth, and sanction pressure while pivoting LNG exports toward Asia to offset lost European demand.

South Africa – Business confidence improved and World Bank support boosted infrastructure financing, but oil-driven inflation risks pressure markets and rate decisions.

Australia – Strong Q4 growth and corporate activity contrast with rate hike risks and Middle East-linked headwinds.

Source: Reuters

Indian shares set for steep drop as widening West Asia war drives oil spike

Higher crude oil prices are expected to pressure India’s economy and weigh on stocks, stoking inflation worries, straining the fiscal balance and the ‌rupee, while pushing up import costs in the world’s third-largest oil importer.

Rupee may open at all‑time low, pressured by $100‑plus crude; RBI response eyed

The rupee may slip to a record low at open on Monday, as a sharp surge in global oil prices fuelled by ‌the widening Middle East conflictdeepened concerns over India’s external balances, while traders were on alert ⁠for potential central bank intervention. (Reuters)

Nifty and Bank Nifty Prediction for the week 09 Mar’26 to 13 Mar’26 by BL GURU

Helios Small Cap Fund: High Conviction Bets

Portfolio Snapshot

AUM ~₹723 Cr. Allocation: Smallcaps 75.75%, Midcaps 21.35%, Cash 2.9%. 65 stocks.

Power Sector Overweight

Bullish on power infra. Top 10 features:

•⁠ ⁠Voltamp Transformers (1.24%)

•⁠ ⁠TD Power Systems (1.5%)

•⁠ ⁠GE Vernova T&D India

High-Conviction Picks

•⁠ ⁠Data Patterns: Debt-free defence (Tejas Mk1A, BrahMos missiles).

•⁠ ⁠MTAR Tech: AI/data center proxy (precision engineering).

Fund Style

~97% equity; avg mcap ₹3,524 Cr. Top sectors electrical equip/defence. Low top-10 concentration (20%).

Key Takeaway

Power/defence/AI themes position fund for infra boom recovery.