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Au Small Finance Bank Ltd.(up 1.98 per cent), Canara Bank(up 1.9 per cent), Kotak Mahindra Bank Ltd.(up 1.69 per cent), Punjab National Bank(up 1.37 per cent) and ICICI Bank Ltd.(up 1.31 per cent) were among the top gainers.

That something, the mandarins reckoned, could only be a government-backed investment option that allowed investors to earn some cash while speculating on the price of their best-loved commodity — without actually having to buy it. But the officials forgot a cardinal rule. If a trade looks too good to be true, it probably is. As it’s becoming painfully evident now, India’s 10-year-old sovereign gold bond program is just a $13 billion naked short position for the government, an albatross around its neck at a time when bullion prices have gone parabolic and show no sign of subsiding. It’s the taxpayers who are on the hook for paying that money to bondholders. This wasn’t how the program was supposed to run. The special debt, it was decided, would pay a 2.75% coupon (reduced later to 2.5%), and the investment itself would be measured in grams of gold. Upon redemption eight years later, investors would be given the prevailing market value of the metal in rupee terms.

IT stocks amid concerns over discretionary spending in the U.S. The BSE Sensex was down 114 points, or 0.15%, at 76,234, while the Nifty50 slipped 14 points, or 0.06%, to 23,176 around 9:19 am.

Reliance Industries Limited (RIL) shares are expected to be in focus on Friday, March 21, after the conglomerate announced that its subsidiary Reliance Strategic Business Ventures (RSBVL) acquired a 100% stake in Nauyaan Tradings Private Limited (NTPL) for a mere consideration of Rs 1 lakh. “Please note that Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of the Company has informed the Company that it has, today, acquired 100% equity stake in Nauyaan Tradings Private Limited (NTPL) for an aggregate consideration of Rs. 1,00,000/- from Welspun Tradings Limited, a wholly owned subsidiary of Welspun Corp Limited (WCL),” the company said in a regulatory filing.

Gurmeet Chadha, CIO & Managing Partner, Complete Circle Consultants, says despite the fall, Polycab still trades about 30-35 times forward. But Chadha thinks it is a bit of an overreaction. Also, earlier when UltraTech came, the stock corrected and we saw a bit of a recovery. With Adanis entering the fray, there has been another correction. The cable and wire business is very different from the cement industry which saw a similar disruption? Over a period of time, the industry itself is likely to grow with surging power demand, and revival in housing and infra. By the time the new companies would be operational, the market would have grown by another Rs 15,000-20,000 crore from about Rs 1 lakh crore now. So, he does not see much concern in the long run. What is your view on a beaten down sector like the wires and cables segment? What should an investor do if they are invested in this space right now and if they have some of these names like KEI or Havells or Polycab in their portfolio? Is this a move coming in on the back of news flow? It is just the one-time shock that is coming in and in the near future there is room for everybody to win in this space or do you believe that these new entrants could be creating more havoc than the Street is estimating at this point? Gurmeet Chadha: It is a bit of a parallel street drawing of what happened to Asian Paints when Birla came up with the Opus brand.

global equities Stocks that were in focus include names like GRSE, which rose 4.5% and KEI Industries, which declined 12% and IndiGo, whose shares gained 2.2% on Thursday.

Manappuram Finance shares will be in focus on Friday after Bain Capital announced it has entered into definitive agreements to acquire joint control in the company through its affiliates, BC Asia Investments XXV Limited and BC Asia Investments XIV Limited, in partnership with existing promoters. As part of the deal, Bain Capital will invest Rs 4,385 crore to acquire an 18% stake on a fully diluted basis via preferential allotment of equity and warrants at Rs 236 per share—a 30% premium over the six-month average trading price.

foreign central banks and others confront the spillovers from President Donald Trump's fast-moving effort to rewire international trade. With analysts in the U.S. noting the stagflationary direction of the U.S. outlook — weaker output and higher prices — central banks globally are parsing what the fallout may mean for them.

Federal Reserve indicating no rush to cut interest rates. The risk-sensitive Australian and New Zealand dollars remained on the defensive after steep slides on Thursday as worries about the economic drag from U.S. President Donald Trump's aggressive campaign of global trade tariffs dented sentiment.

Oil prices rose in early Asian trading on Friday, and were set for their second consecutive weekly gains, after fresh U.S. sanctions on Iran and a new OPEC+ plan for seven members to cut output raised bets on tightening supply. Brent crude futures climbed 42 cents, or 0.6%, to $72.40 per barrel by 0026 GMT. U.S. West Texas Intermediate crude futures were up 45 cents, or 0.6%, to $68.52 a barrel.

tariff concerns. Selling pressure has intensified in recent weeks after a string of economic indicators signaled the economy and consumer sentiment may be cooling as the Trump administration imposes reciprocal trade tariffs.

Subscribe to enjoy similar stories. Manappuram Finance Ltd: Buy at ₹217.50 | Target ₹235-240 | Stop loss ₹210 The Relative Strength (RS) of this stock is rising, also it's near to lifetime high levels. On hourly chart, stock has given breakout with Rectangle pattern.

Subscribe to enjoy similar stories. Afcons Infrastructure Ltd: Current market price: ₹470 | Buy range: ₹460–474 | Profit goal: ₹540 | Stop loss: ₹444| Timeframe: 2–3 months Gujarat Fluorochemicals Ltd: Current market price: ₹ 4,004.2 | Buy range: ₹3,960–4,040 | Profit goal: ₹4,850| Stop loss: ₹ 3,750| Timeframe: 2–3 months India’s benchmark index, Nifty 50, extended its winning streak to four consecutive sessions, reclaiming the 23,200 level on Thursay, 20 March.

Subscribe to enjoy similar stories. Manappuram Finance Ltd: Buy at ₹217.50 | Target ₹235-240 | Stop loss ₹210 RS of this stock is rising, also it's near to lifetime high levels. On hourly chart, stock has given breakout with Rectangle pattern.

Subscribe to enjoy similar stories. The billionaire-led Berkshire Hathway earlier this week disclosed it had increased its shareholding in Japan’s five biggest trading houses. The Omaha-based conglomerate hiked its stake in Mitsui to 9.82%, in Mitsubishi to 9.67%, in Itochu to 8.53%, in Marubeni to 9.3% and in Sumitomo to 9.29%.

Subscribe to enjoy similar stories. Businesses across the country have five months to adopt stricter norms to reduce their environmental impact, by crafting clear policies, setting sustainability goals, and adopting eco-friendly practices in daily operations. The Bureau of Indian Standards (BIS) has tightened standards for so-called environmental management systems (EMS), internal company systems to minimize impact and improve performance on the environmental front.

DoubleLine Capital CEO Jeffrey Gundlach said Thursday there could be another painful period of volatility on the horizon as the fixed income guru sees heighted risk of a recession.

There was an oft-repeated message in Federal Reserve chair Jerome Powell's press conference on Wednesday: Tariffs will raise consumer prices.

Manappuram Finance and become joint owner of the shadow lender that's the country's second-largest gold loan company. The acquisition will take place through a primary infusion and a secondary sale of shares by the current promoter family, led by managing director and chief executive officer VP Nandakumar, the companies said in a press release. He and his family own 34.73% of the non-banking finance company (NBFC). As part of the transaction, Bain Capital entities-BC Asia Investments XXV and BC Asia Investments XIV-will invest ₹4,385 crore to acquire an 18.6% stake via preferential allotments of equity and warrants at ₹236 per share, a premium of about 30% over the six-month average trading price. The transaction will trigger a mandatory open offer for the purchase of an additional 26% stake on an expanded capital basis (excluding warrants).

The benchmark BSE Sensex added 899.01 points or 1.19% to close at 76,348.06, while the broader Nifty 50 index closed at 23,190.65, higher by 283.05 points or 1.24%.