India Financial News

The NSE Nifty index was trading 226.8 points up at 23577.2, while BSE Sensex was up 733.6 points at 77639.11 at the time of writing this report.

Indian Banks' Association (IBA) and the Finance Ministry regarding their demands, including a five-day workweek, according to PTI.

manufacturing expansion failed to offset a slowdown in the services sector, a private survey showed on Monday. HSBC's flash India Composite Purchasing Managers' Index, compiled by S&P Global, slipped to 58.6 in March from February's final reading of 58.8, lower than a Reuters poll's median prediction of 59.0. The 50-mark divides growth from contraction. The manufacturing PMI index increased to 57.6 from 56.3, remaining in the expansion territory for more than three-and-a-half years. But the dominant-services sector's PMI index fell to 57.7 from 59.0 in February, contributing to the fall in the overall index.

growth story among emerging markets, according to Gustavo Medeiros, Head of Research at Ashmore Group, a global investment manager. While the firm had taken a cautious tactical approach over the past year, it is now gradually rebuilding exposure to Indian equities. Speaking in an interaction with ETNow, Medeiros said, “Absolutely, the world loves India. It is the most exciting structural story in emerging markets.” He added that India's appeal has grown significantly over the last decade thanks to “economic policies [that] have been much more pro-market.”

Chirag Doshi, CIO-Fixed Income at LGT Wealth India, believes the current market conditions are ripe for investors to capitalise on bond investments—particularly medium to long-duration government securities. In an interaction with ETMarkets, Doshi recommended a strategic shift in portfolio allocations, especially for those aiming to benefit from the anticipated rate easing cycle. “It is always advisable for clients in an easing interest rate cycle to shift their portfolios towards medium and long duration bonds to make use of the capital gains that they would have when the prices move up and the yields go down,” he explained.

Future Consumer Ltd.(up 4.01%), Bajaj Consumer Care Ltd.(up 2.46%), LT Foods Ltd.(up 1.79%), Patanjali Foods Ltd.(up 1.71%), Gopal Snacks Ltd.(up 1.65%), Honasa Consumer Ltd.(up 1.60%), Adani Wilmar Ltd.(up 1.41%), Dangee Dums Ltd.(up 1.38%), Heritage Foods Ltd.(up 1.35%) and Colgate-Palmolive(India)Ltd.(up 1.23%) were among the top gainers.

Tawang, Arunachal Pradesh. He shared a video which depicts when the landscapes are Tawang are in their Spring Fever, during April-May. «The unmatched beauty of India’s North East,» Anand Mahindra captioned his post.

GMR Airports shares will be in focus on Monday after the Competition Commission of India (CCI) dismissed allegations of anti-competitive practices against GMR Airports and Delhi Airport regarding the awarding of certain contracts. The Indira Gandhi International Airport (IGIA) in Delhi is operated by the GMR Group-led consortium Delhi International Airport Ltd (DIAL).

With air travel increasing significantly—especially among first-time flyers—DGCA chief Faiz Ahmed Kidwai emphasized the importance of informing passengers about their entitlements in cases of service deficiencies, flight delays (due to airline-controlled factors), cancellations, denied boarding, and baggage issues. IndiGo has reportedly assured the regulator that it will implement this directive by Tuesday i.e. March 2025.

Gustavo Medeiros, Global Head of Research, Ashmore Investment Management, says India still trades at a premium to emerging markets but is a much smaller premium than it was before the correction, about three-four months ago. Therefore, Ashmore has started to look into some of the companies that they like to find opportunities. In terms of structural stories, Medeiros says one should look into are overarching trends that have many years to play out. One of the top trends in India is inclusion of women in the labour market and the ability of India to absorb more manufacturing. These are two interesting structural trends and one should look into companies that will benefit from that from that perspective. Ashmore has always loved India, hasn’t it? Gustavo Medeiros: Absolutely, yes, the world loves India. It is the most exciting structural story in emerging markets. It has been for many years, but particularly over the last 10 years, since economic policies have been much more pro-market.

SAIL shares may gain investor attention on Monday, March 24, after the company is likely to operationalise its 4 million tonnes per annum (MTPA) capacity Tasra coking coal mines, which may increase its crude steel production capacity to 35.65 MTPA by 2031. The company’s production stood at 19.10 MTPA in FY24. The said facility is located in Jharkhand and aims to start operations by the second half of 2026.

“India's consumption has been a robust long-term story. As economic development accelerates and the middle class grows, the potential for further expansion in the consumer market is set to increase significantly,” says Harshad Patil, CIO, Tata AIA. In an interview with ETMarkets, Patil said: “We see strong potential in some sectors such as Retail, Quick Commerce, Healthcare, FinTech ,Travel and Hospitality, Consumer Durables and Automobiles,” Edited excerpts: Thanks for taking the time out. After a nearly 6% drop in February 2025, volatility continues in March. What is weighing on markets? In the month of March, Indian equities have been under pressure due to tariff concerns. The recent announcement of new tariffs by the U.S. President, including a 25% levy on select imports from Mexico and Canada, has led to a surge in market volatility across the globe.

The Nifty future closed positively with gains of 0.78%, at the 23,382 level on Friday. India VIX fell by 0.2% to close at 12.58 in the previous trading session.

Adani Energy Solutions Ltd (AESL) will be in focus on Monday after it secured a Rs 2,800 crore power transmission project in Gujarat. According to an exchange filing, the project will supply green electrons for the production of Green Hydrogen and Green Ammonia at Mundra in Gujarat. This marks AESL's sixth order win for the fiscal year, bringing its total order book to Rs 57,561 crore.

capital formation is expected to be driven by the expanding bond markets, currently valued at $2.69 trillion, according to analysts at IndiaBonds.com. Data compiled by IndiaBonds.com, sourced from the Clearing Corporation of India (CCIL) and the Securities and Exchange Board of India (SEBI), reveals that the Indian Bond Market stood at US$2.69 trillion at the end of December 2024, with the corporate bond market surpassing US$602 billion.

NMDC shares will be in focus on Monday after the state-owned miner’s strike ended with trade unions withdrawing their protest over wage settlement. The company confirmed that employees resumed duties from the first shift on March 20, restoring normal operations across all projects.

“This concentration suggests that these states have favourable conditions for biotech innovation, such as robust infrastructure, access to funding and a skilled talent pool,” said the India Bioeconomy report published by the Association of Biotechnology Led Enterprises. The bio-industrial segment, followed by biopharma, remained the top contributor to India's bioeconomy, which reached $165.7 billion in 2024. Over the last decade, the sector has seen 16-fold growth.

Rupen Rajguru, MD, Senior Advisor, Julius Baer, says we are seeing a classic bottoming of the market and recovery will be slow, and not as significant and fast as we have seen in the previous cycle. But probably the market looks into the rate of change and at the margin, FY26 is going to be significantly better from an earnings perspective vis-a-vis FY25. What is your take on the overall market sentiment because in 2025 there has been a change in the narrative on how you look at the emerging markets, especially India. March has been quite a volatile month for us though we are cheering the recovery from the lowest level but the harsh reality is that among the SMIDs, there are pockets where we might not see the stocks recovering back to those 2024 highs. Is it the time to deploy more or rather be selective? Rupen Rajguru: Purely from a market perspective, in the very short to near terms, sentiment and liquidity determines the market momentum and both of these change very fast. Probably on March 4th, we were the worst as far as the sentiment and liquidity was concerned. So, while liquidity has not changed, but definitely in the last two weeks or so, sentiment has changed. And why has the sentiment changed?

S Sathish recently hit headlines when he spent a whopping Rs 50 crore on a rare ‘wolfdog’ breed named Cadabomb Okami. In an interview with The Sun, Sathish said, “I spent 50 million rupees on buying this pup because I am fond of dogs and like to own unique dogs and introduce them to India.” According to the report, Sathish has about 150 exotic dog breeds that live on a seven-acre farm and are taken care of by six people. Sathish, who was once recognized as a prominent breeder of canines, has since stepped away from that profession a few years back. Presently, he earns his livelihood by showcasing his prized dogs to eager spectators at various public gatherings. Sathish asserts that a particular clip featuring him alongside Okami at the premiere of a film garnered an impressive three million views on the internet. Additionally, he disclosed that his distinctive and rare pet dogs consistently captivate audiences at ticketed occasions.

Subscribe to enjoy similar stories. India has been playing nice with America’s Donald Trump administration. So too with EV-maker Tesla and the satellite services arm of SpaceX, both led by Elon Musk, who is widely seen as President Trump’s confidant, a billionaire shaking up the US by taking a chainsaw to its government under the Department of Government Efficiency.

Subscribe to enjoy similar stories. Dear reader, Last week, I wrote that the average retail trader appeared exhausted. I also advocated that the end of March was likely to be dominated by institutional players.