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ICICI Bank Ltd.(up 1.78 per cent), Canara Bank(up 1.23 per cent), State Bank of India(up 0.53 per cent), Bank of Baroda(up 0.33 per cent) and HDFC Bank Ltd.(up 0.19 per cent) were among the top gainers.

"SBI is certainly within the public sector framework, it is the best within the lot. But if my choice has to be there, today I would prefer to go with Kotak and ICICI," says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. What are your thoughts on IndusInd Bank? What is it that you have made of these discrepancies in their accounting balances, estimating an adverse impact of nearly about 2.35% on their net worth as of December 2024. We have of course seen the stock take quite a bit of hit yesterday itself when Sumant Kathpalia’s extension got shortened to one year and not three years. But other than that, now that it seems that in the interim IndusInd Bank is not going to be really the preferred one, which of the private banking names do you prefer right now if you were looking to add positions in this current market? Deven Choksey: It is a challenging activity business-wise for most of the banks. On one side, they have to cope up with the technology front for reaching out to their customers and efficiently processing the loans and collecting the deposits.

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.

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.

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.

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.

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.

BEIJING — Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around three-year highs.

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.

Mayuresh Joshi, Head Equity, Marketsmith India, says three triggers could lift Reliance out of a 52-week low. One, any de-merger news of either the telecom or the retail operations might act as a trigger for the stock. Second, the Street would like to see if the telecom ARPU increases can be sustained going forward. That will create a huge leverage in the individual telecom balance sheet, as well as retail. The maturity of Reliance Retail stores with consumption expected to make a big comeback, after the tax cuts starting from the first half of the next financial year, can be a huge boost for the retail operations. Third, both in terms of the oil to petchem business and some hope of Chinese recovery in terms of downstream product prices, might prop up the overall ROEs provided equity levels stay at manageable levels. These two-three things might work in favour of Reliance over the medium term. What is your current take on the chemical pack because that is one of the export-related plays and what has been happening in Europe, give us some sense that what are you picking up within the chemical basket as well as anything in particular that is looking interesting to you right now? Mayuresh Joshi: Two things, there is one part of the chemical basket which is highly commoditised including players in the soda ash space, for example, where China has a huge dominance and the other spaces which in reality belongs to the specialty chemical space as well where there are niche players and where the expectations in terms of core applications are limited to those niche players.

Subscribe to enjoy similar stories. Washington and Beijing have begun discussions about a potential “birthday summit" in June in the U.S. between President Trump and Chinese leader Xi Jinping, according to people familiar with the matter.

Subscribe to enjoy similar stories. THE SELL-OFF shows no sign of stopping. America’s S&P 500 index dropped by another 3% on March 10th, leaving the world’s most watched stockmarket down by almost 9% since its peak last month.