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Nasdaq on ​Monday announced it will collaborate ​with Payward, parent company of cryptocurrency exchange Kraken, to ​develop tokenization infrastructure, aiming to capitalize on the growing interest in blockchain-based equities.

IPO-bound Flipkart shifts domicile to India

Updated at : 2026-03-09 21:35:02

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IPO-bound Flipkart has shifted its domicile to India, having secured government nod for an internal restructuring that now makes Flipkart Internet the holding entity of the Group.

Indian markets are set to open lower as weak global cues, falling US stocks and rising crude prices trigger risk aversion. Escalating Middle East tensions and supply concerns push oil higher, increasing inflation fears. Analysts expect volatility with Nifty likely trading within a cautious range.

Sebi chief Tuhin Kanta Pandey urged investors not to panic amid global market turbulence caused by the US-Iran conflict. He highlighted India’s strong fundamentals, Nifty’s long-term resilience and the growing investor base supporting the country’s expanding capital market ecosystem.

Sensex and Nifty plunged nearly 2% as rising crude oil prices, weak global cues and escalating West Asia tensions triggered heavy selling. Foreign fund outflows and a weaker rupee added pressure. Analysts recommend Apollo Pipes, Aurobindo Pharma and Tata Steel for potential short-term gains.

Aluminium prices hit four-year ​highs on Monday as fears ​of prolonged shipping disruptions in the Middle East due ​to the U.S.-Israeli war against Iran fuelled concerns about supplies of the metal.

The NSE is set to appoint merchant bankers in March for its long-awaited IPO, reviving plans for a potential $2.5 billion offer for sale after years of regulatory delays and governance concerns.

Crude oil futures on MCX have jumped 62% in six sessions after the Middle East war triggered supply fears and production cuts. Analysts warn prolonged conflict could push prices higher, raising inflation risks and India’s import bill.

BSE Index Services has launched the BSE SmallCap 500 and four factor-based indices: Quality 50, Momentum 50, Low Volatility 50, and Enhanced Value 50. These rules-based indices, reconstituted quarterly, provide benchmarks for small-cap equities, enabling ETFs, index funds, and portfolio benchmarking, helping investors capture differentiated factor exposures in India’s small-cap segment.

The Sensex plunged 1,352 points to close at 77,566 amid a broad market sell-off. Five major index stocks—TCS, InterGlobe Aviation, HDFC Bank, Trent and Asian Paints—hit 52-week lows, reflecting persistent weakness and rising investor caution.

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