India Financial News

Indian cricketers, led by Rohit Sharma, have made a quiet return home following their triumph in the Champions Trophy in Dubai. After leading India to their second ICC title in nine months, skipper Rohit landed back in Mumbai on Monday night. The squad members have got a week off before they join their respective IPL teams ahead of the tournament beginning March 22. «All the players with families left from Dubai on Monday. There are some players who have stayed back for a couple of days,» a BCCI source told PTI.

Nagarjuna Fertilizers and Chemicals Ltd.(up 2.95%), Krishana Phoschem Ltd.(up 2.42%), Bohra Industries Ltd.(up 1.99%), Aries Agro Ltd.(up 1.15%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 1.10%), Southern Petrochemicals Industries Corporation Ltd.(up 0.85%) and Madhya Bharat Agro Products Ltd.(up 0.55%) were among the top gainers.

Michael Vaughan was all praise of the Indian cricket team's bench strength after they lifted a historic third Champions Trophy after beating New Zealand in Dubai on Sunday. Taking to social media platform X, Vaughan said that even India's second sting side could have made it to the final of the Champions Trophy. “Jaiswal, Varma, Sharma, SKY, Pant, Reddy, Sundar, Chahal, Arshdeep, Bumrah & Bishnoi… This team would have made it to the final as well IMO. The strength in Indian cricket in white-ball is off the scale,” he wrote.

Domestic benchmark index NSE Nifty fell 58.35 points to 22401.95, while the BSE Sensex traded 271.02 points down at 73844.15.

Lexus Granito(India)Ltd.(up 2.73%), Pokarna Ltd.(up 1.47%), Oriental Trimex Ltd.(up 1.36%), Aro Granite Industries Ltd.(up 1.03%) and Sandur Manganese & Iron Ores Ltd.(up 1.03%) were among the top gainers.

Dangee Dums Ltd.(up 1.10%), Vadilal Industries Ltd.(up 1.06%), Jyothy Labs Ltd.(up 1.01%), Adani Wilmar Ltd.(up 1.01%), Dabur India Ltd.(up 0.94%), Britannia Industries Ltd.(up 0.79%), Nestle India Ltd.(up 0.77%), Colgate-Palmolive(India)Ltd.(up 0.52%), Hindustan Unilever Ltd.(up 0.50%) and Procter & Gamble Hygiene & Healthcare Ltd.(up 0.26%) were among the top gainers.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff. Nifty 50 Today Live Updates: The NIFTY GS 15 Yr Plus at (0.1%), NIFTY GS 10 Yr at (0.09%) & NIFTY GS 8 13 Yr at (0.08%) are currently the top performing sectors among the Sectoral Indices. While NIFTY IT at (-1.34%), NIFTY Smallcap 250 at (-1.34%), NIFTY India Digital at (-0.78%) are currently the low performing sectors Nifty 50 Today Live Updates: The Nifty 50 opened at 22345.95 (-0.51%) , -114.75 points lower than the previous closing.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff. Bank Nifty Today Live Updates: The NIFTY GS 15 Yr Plus at (0.1%), NIFTY GS 10 Yr at (0.09%) & NIFTY GS 8 13 Yr at (0.08%) are currently the top performing sectors among the Sectoral Indices. While NIFTY IT at (-1.34%), NIFTY Smallcap 250 at (-1.34%), NIFTY India Digital at (-0.78%) are currently the low performing sectors Bank Nifty Today Live Updates: The Bank Nifty opened at 47874.80 (-0.71%) , -342 points lower than the previous closing.

NLC India shares fell 2.5% to their day's low of Rs 214.65 on the BSE on Tuesday after the company received in-principle approval from its board of directors to raise external commercial borrowings (ECB) equivalent to $200 million in Japanese Yen, with an additional green shoe option. The decision was made at the board meeting held on March 10, 2025. «The Board of Directors of the Company, at their meeting held on Monday, 10th March 2025, has, inter alia, considered and in-principally approved the borrowing of External Commercial Borrowing within an overall ceiling of Japanese Yen equivalent to $200 million, with an equivalent green shoe option,» NLC India stated in an exchange filing.

ICC Champions Trophy, the Indian skipper Rohit Sharma said that the future of Indian cricket is in safe hands, with plenty of young talent displaying the hunger, passion and talent needed on international level, reported ICC Cricket. India's winning Champions Trophy campaign witnessed plenty of present-day and future stars like Shubman Gill (188 runs in five matches with a century), Shreyas Iyer (243 runs in five matches with two fifties), Axar Patel (109 runs in five matches with five wickets) and Hardik Pandya (99 runs in four matches and four wickets), KL Rahul (140 runs in five matches at an average of 140.00), Varun Chakravarthy (nine wickets) play a crucial role in team's second successive white-ball title win. Sharma said the way his India side made it undefeated through the ICC Champions Trophy 2025 is indicative of their passion and commitment — and it bodes well for the future.

The Nifty future closed negatively with losses of 0.63% at 22,507 levels on Monday. India VIX rose nearly 4% to close at 13.98 in the previous session.

Nifty traded lower on Tuesday, tracking a broad sell-off in Asian markets after Wall Street slumped overnight amid recession fears in the U.S. Selling pressure was seen across all sectors. The BSE Sensex was down 375 points, or 0.51%, at 73,739, while the Nifty50 declined 140 points, or 0.62%, to 22,320 around 9:18 am.

It said «The companies see only marginal impact and no major disruption to US business from the planned US tariffs (10-25 per cent)». The US remains a key market for Indian CDMO players, with exports worth approximately USD 9-10 billion annually. While the tariff proposal has raised concerns, Indian firms expect only a marginal impact on their business.

Defence stocks, once the darlings of the market in 2024, are roaring back to life after a brutal correction. The sector, which witnessed a blistering rally last year amid rising global tensions and surging exports, saw a sharp selloff as high valuations, budget disappointments, and profit-booking took hold. Just when investors were questioning the long-term growth trajectory, Europe’s stunning $850 billion defence rearmament plan has flipped the script in Dalal Street’s favour. With Europe scrambling to fortify its military capabilities, Indian defence giants are in prime position to ride this global wave of rearmament.

Bitcoin, Ethereum, Solana, XRP, Cardano, and Dogecoin, declined on Monday as concerns over the U.S. economy and global trade tensions weighed on investor sentiment. A run of soft U.S. economic data continued on Friday after monthly figures showed the labour market created fewer jobs than expected last month, in the first payrolls report capturing former U.S. President Donald Trump’s policies.

IndusInd Bank shares will be in focus on Tuesday after the lender’s internal review estimated an adverse impact of approximately 2.35% on its net worth as of December 2024, according to an exchange filing on Monday. The review followed the Reserve Bank of India's (RBI) master directions on the derivative portfolios of lenders, issued in September 2023. It examined the bank's «Other Asset and Other Liability» accounts and identified discrepancies in account balances.

Syngene International will be in focus on Tuesday after the company announced that it acquired its first biologics facility in the United States from Emergent Manufacturing Operations Baltimore, a unit of Emergent BioSolutions, for $36.5 million. “The new site will increase Syngene’s single-use bioreactor capacity to 50,000L for large molecule discovery, development, and manufacturing services. Additionally, it will provide Syngene’s customers with continuity of supply from its four development and manufacturing facilities located in India and North America, offering services ranging from cell line development, process optimization, and both clinical and commercial supply,” the company said in its press release.

Indian bond market remains steady as investors anticipate a potential rate cut by the Reserve Bank of India (RBI) in April, following a series of aggressive liquidity measures. Puneet Pal, Head-Fixed Income at PGIM India Mutual Fund believes that with an expected sub-4% CPI print, the Monetary Policy Committee (MPC) is likely to lower rates in its upcoming meeting. “The RBI has taken aggressive and proactive steps to augment domestic liquidity, and given the likelihood of a sub-4% CPI print this week, we expect another rate cut in the MPC meeting in April,” he said in a note.

Mukesh Ambani can’t afford to have Donald Trump smash open the latch with a sledgehammer. But that is how the threat is unfolding. The concern in New Delhi is that any retaliatory trade action by Washington will cover broader ground than just India’s “massive tariffs,” as the US president characterized them Friday. American firms do “very little business inside” the most-populous nation, Trump said. Indian conglomerates enjoy varying degrees of protection from foreign competition. While nearly all of them are at risk from concessions to avoid a trade war, Ambani’s empire appears to be unusually vulnerable.

Anupam Rasayan India shares will be in focus on Tuesday after the company signed a 10-year Letter of Intent (LOI) worth $106 million (approximately Rs 922 crore) with a Korean multinational specializing in specialty chemicals. The high-performance niche chemical under this agreement is expected to be supplied from FY26. «This long-term partnership reinforces Anupam’s expertise in delivering advanced chemical solutions and strengthens its presence in high-growth global markets,» the company stated.

Deepak Shenoy, Founder, Capital Mind, says from April 2nd, universally the reciprocal tariffs are in place. Given that, the next month is going to be volatile regardless of what happens. But I find that in markets, price uncertainty affects badly. That means markets just go down regardless of what the fundamentals might turn up. Stability will come only with some layer of certainty. We should look at the rest of this month and maybe the first few days of April as going to be tumultuous in the markets regardless. What do you make of the markets right now because the week gone by has been really good, but then comes Monday. Indeed, a volatile trading session. But given this weakness that we are seeing right now, what is your sense? Is this volatility here to stay? And what is the long-term trend that you are focusing on? Deepak Shenoy: There is a weakening trend in general. The rupee has weakened as well today, 20 odd paisa. There has also been a reversal in the market. But I feel this is mostly related to the uncertainty at a global standpoint because nothing meaningful in India has changed so far. One of the biggest threats right now is tariffs and what we will do to perhaps address them.