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Rupee falls to record low as fears of prolonged Mideast war hit Asia FX

by ET Markets | March 9, 2026 5:00 pm | Indian Stocks, Market, News

The Indian rupee fell ​to a record low on Monday, ​as fears of a prolonged war in the ​Middle East rattled regional currencies, and surging oil prices heightened concerns over global growth and inflation.

‘Buy what’s beaten down’: Hiren Ved on playing the oil shock selloff

by ET Markets | March 9, 2026 4:05 pm | Indian Stocks, Market, News

Markets are volatile due to West Asia tensions and rising oil prices. Hiren Ved of Alchemy Capital suggests a contrarian approach. Instead of seeking safety, he recommends buying fundamentally strong stocks that have been heavily impacted by the current selloff. He...

Global Markets | European shares fall to over two-month lows as Iran war drags on

by ET Markets | March 9, 2026 4:04 pm | Indian Stocks, Market, News

European shares slumped to their lowest in over two months on Monday, as surging oil prices exacerbated inflation worries with ‌the U.S.- ⁠Israeli ⁠war on Iran showing no signs of slowing down.

GIC-Backed Greenko Energies Said to Weigh $1 Billion India IPO

by ET Markets | March 9, 2026 3:05 pm | Indian Stocks, Market, News

Greenko Energies Pvt. is exploring a potential initial public offering in Mumbai. The company aims to raise up to $1 billion. This move could test investor interest in renewable energy shares. The company is backed by GIC Pte. and Abu Dhabi Investment Authority....

FIIs backed 14 stocks for 4 quarters; 5 turned multibaggers. Do you own any?

by ET Markets | March 9, 2026 3:04 pm | Indian Stocks, Market, News

Despite selling Rs 74,700 crore in FY26, FIIs steadily increased stakes in 58 Indian stocks above Rs 3,000 crore market cap. Fourteen delivered 50–1,650% returns, with five becoming multibaggers, highlighting selective institutional confidence and strong...

Meesho shares plunge 10% on Rs 1,500 crore tax demand; down 44% from Dec high

by ET Markets | March 9, 2026 3:02 pm | Indian Stocks, Market, News

Shares of Meesho fell 10% to hit the lower circuit after the company revealed a Rs 1,500-crore tax demand from the Income Tax Department, nearly half of its Q3 operating revenue. The demand relates to the 2023-24 assessment year. Meesho said it disagrees with the...

Nifty crashes 5% in just 6 sessions as Middle East war induces massive selloff. More pain or a relief rally in sight?

by ET Markets | March 9, 2026 3:02 pm | Indian Stocks, Market, News

March has been brutal for Indian markets, with the Nifty plunging 5.3% in just six trading sessions amid escalating US-Israel-Iran tensions. Crude oil surged nearly 29% in a single day, fueling volatility. Technical analysts say the Nifty has broken key support at...

Nifty volatility to continue, avoid complacent bets: Rajesh Bhosale

by ET Markets | March 9, 2026 3:01 pm | Indian Stocks, Market, News

Indian equity markets saw a minor recovery on Monday, but experts warn the rally might be short-lived due to persistent volatility. Analysts suggest avoiding aggressive long positions as the market trend remains negative, with key support levels identified at 23,500....

India VIX jumps 100% in one month. Could fear levels take Nifty further down?

by ET Markets | March 9, 2026 3:00 pm | Indian Stocks, Market, News

The India VIX nearly doubled in a month, reflecting rising fear among investors amid geopolitical tensions and global uncertainty. Surging crude prices and persistent foreign selling have triggered sharp equity declines, with the Nifty 50 down 8%, keeping markets...

Strong Indian economy makes current crisis manageable: Vikas Khemani

by ET Markets | March 9, 2026 2:06 pm | Indian Stocks, Market, News

Market turbulence offers chances to buy. Vikas Khemani of Carnelian Asset Management sees opportunity in corrections. He highlights banks, consumer sectors, and pharmaceuticals as attractive. PSU banks also present value. Khemani advises a long-term view, noting...

Sensex, Nifty crash as crude nears $120: Any sector to hide in as Middle East war intensifies?

by ET Markets | March 9, 2026 2:05 pm | Indian Stocks, Market, News

The surge in crude oil prices triggered a sharp selloff in Indian equities on Monday. The benchmark BSE Sensex fell nearly 2,400 points shortly after opening, while the Nifty 50 dropped more than 700 points, before recovering some of the losses. All sectoral indices...

Strategic oil bets may outperform in current geopolitical crisis: Mark Matthews

by ET Markets | March 9, 2026 2:04 pm | Indian Stocks, Market, News

Global markets are grappling with a surge in crude oil prices, with Brent crude exceeding $100. Strategists note that markets are already digesting this shock, impacting Asian markets significantly. India, however, may face less downside due to its recent economic...

Explained: Why Wipro, Infosys and other IT stocks rose up to 1% despite Rs 12 lakh crore market selloff

by ET Markets | March 9, 2026 2:04 pm | Indian Stocks, Market, News

Shares of IT companies outperformed the broader market on Monday, with Wipro, LTIMindtree, and Persistent Systems rising up to 1% despite a sharp selloff that wiped out over Rs 12.39 lakh crore from BSE-listed companies’ market capitalisation. Wipro led gains, while...

PG Electroplast shares tumble 13% after LPG supply disruption due to Mideast war

by ET Markets | March 9, 2026 1:19 pm | Indian Stocks, Market, News

Shares of PG Electroplast fell sharply after the company flagged a gas shortage under its supply agreement due to maritime restrictions linked to the Middle East conflict. The disruption has led to curbs on LPG allocations, prompting the firm to explore alternative...

Bonus issue alert: Did Cupid shares really crash 80%? Here’s why you should ignore the massive plunge

by ET Markets | March 9, 2026 1:17 pm | Indian Stocks, Market, News

Cupid Limited shares appeared to crash nearly 80% after adjusting for a 4:1 bonus issue, but actually rose over 15%. The stock opened at Rs 82 and rallied to Rs 92.90, despite the broader market decline. This corporate action, while adjusting the per-share price, does...

Rupee may slip further if Middle East tensions persist: Naveen Mathur

by ET Markets | March 9, 2026 1:16 pm | Indian Stocks, Market, News

The Indian rupee is under pressure due to global geopolitical tensions and soaring crude oil prices. Currency markets are watching the Reserve Bank of India’s next move. Traders expect continued volatility as the dollar strengthens and oil import demand rises....

Global Markets | Nikkei falls 5% as surge in oil prices fans economic slowdown fears

by ET Markets | March 9, 2026 1:15 pm | Indian Stocks, Market, News

Japan’s stock market experienced a sharp decline. The Nikkei index fell over 5% to a one-month low. This selloff was driven by a surge in oil prices, sparking fears of inflation and economic slowdown. Investors are now questioning the market’s upside...

Global Markets | Australian shares lose $138 billion in value as oil surge stokes inflation fears

by ET Markets | March 9, 2026 1:15 pm | Indian Stocks, Market, News

Australian shares experienced a sharp 3% decline, losing over $138 billion as surging oil prices fueled inflation fears. The S&P/ASX 200 index hit its lowest point since December. Miners and financials bore the brunt, while energy stocks saw gains. Investors are...

Nischal Maheshwari sees calm after storm: Hold, don’t panic amid Nifty selloff

by ET Markets | March 9, 2026 1:14 pm | Indian Stocks, Market, News

Indian markets opened lower today. Global uncertainties and rising crude oil prices are impacting investor sentiment. A market strategist advises against panic. He suggests a good range for potential market bottoms. Investors should focus on domestic-facing sectors....

Tesla billionaire buys more Nvidia to ‘calm the nervous market’

by ET Markets | March 9, 2026 1:12 pm | Indian Stocks, Market, News

Billionaire Leo KoGuan has doubled his investment in chipmaker Nvidia. He purchased an additional one million shares. This move comes as global markets face a selloff due to the Middle East conflict. KoGuan hopes his purchase will help calm nervous markets. Nvidia...
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