Latest Stock Market News

Ben Powell, Chief Investment Strategist at BlackRock, reiterates their confidence in India s long-term growth story, driven by favorable demographics and productivity gains through digitalisation. Despite recent market volatility, Powell believes India is on the path to becoming a standalone investment destination. He acknowledges that India and China are treated as key standalone opportunities in global portfolios.

Zomato shares fell below Rs 200 for the first time since June 2024, marking a 5% drop and a 27% decline this year. The stock has lost 34% from its 52-week high. Weak market sentiment, disappointing quarterly results, and a change in its parent company s name to "Eternal Ltd" have put pressure on Zomato s stock.

The Indian stock market will remain closed on March 14 for Holi, with trading resuming on March 17. The closure impacts all major segments. The market remains under pressure, with Nifty down 15% from its peak amid global economic concerns and FIIs selling.

Markets regulator Sebi has issued a warning to IIFL Capital Services regarding due diligence in debt issues handled by the company s merchant banking division.

Wall Street’s market rout has wiped out $4 trillion in market capitalization from the S&P 500, equivalent to the entire market value of all BSE-listed companies. This decline, driven by escalating trade tensions, inflation concerns, and uncertainty over Trump s policies, has seen the S&P 500 drop 8.6% from its February peak, highlighting deepening investor anxiety.

IndusInd Bank reassured investors that its Rs 1,500-1,600 crore derivatives loss will be managed effectively. Shares plunged 26% after the disclosure, prompting Chairman Ashok Hinduja to affirm promoter support and capital adequacy above 15%, despite market concerns over the financial impact.

Harshit Kapadia from Elara Securities India discusses the beneficial impact of Europe s $850 billion rearmament plan on Indian defence companies, particularly small and midcap firms that supply components to European OEMs. Potential beneficiaries include Dynamatic Technologies, Zen Technologies, and Data Patterns, with products ranging from aircraft fuselages to anti-drone systems and radars.

Tesla s stock closed at its lowest point since October 2024 on Monday, wiping out all post-election gains. Investors who previously viewed the company as a key winner from the Trump presidency are now pulling back due to concerns about Musk s leadership and the company s operational challenges.

Despite the decline, Pi Coin is still up 125% from its all-time low of $0.6152 on February 20, 2025. However, it has fallen nearly 55% from its peak of $2.98 on February 26, 2025, indicating increased volatility.