Market News

The government may use the OFS route to increase public shareholding in IDBI Bank after its stake sale plan failed. A higher public float could improve valuation and pave the way for a future disinvestment attempt.

Rising oil prices due to Iran tensions are pushing investors to park money in money market funds, thus taking their assets to record levels of nearly $8 trillion.

Another red Monday for the Indian stock market. Nearly 2,328 stocks ended in the red, as rising crude prices, a weakening rupee, and ongoing Middle East tensions weighed heavily on sentiment.

SoftBank plans a $500B, 10GW AI campus in Ohio, potentially the world’s largest, signalling a shift toward energy-heavy AI infrastructure. Read more here.

India proposes $386–$1,071/ton duty on Chinese viscose yarn, impacting Grasim and Arvind. Read more to see which stocks gain and lose.

On 23 March 2026, shares of Vedanta Ltd fell over 4% following a Supreme Court ruling regarding the company’s diesel purchase at discounted prices. The ruling came amidst the company’s third interim dividend declaration of ₹11 per share for FY 26.

Markets fell on 23 March 2026, with selling seen across sectors and broader indices also under pressure. Oil prices moved higher during the day. The rupee stayed weak, and that kept sentiment on the negative side.

Godrej Properties and Lodha Developers have acquired over 25 land parcels in FY26, building a housing pipeline worth over ₹1 lakh crore. The expansion is driven by strong demand, especially in premium housing.

Several Indian drugmakers have launched cheaper versions of Ozempic and Wegovy, cutting prices by 70%. More companies are expected to enter, targeting the growing demand in India and overseas markets.

Indian bond yields moved higher on Monday as rising crude oil prices and firm US Treasury yields weakened sentiment. The benchmark 10-year yield climbed sharply, while the rupee hit a record low against the dollar. Heavy bond supply and uncertainty around RBI support added to the pressure.

Hindustan Zinc shares fell 6% to ₹485 as Sensex dropped 1,900 points and Nifty slipped below 22,550 on 23 March 2026, while the company announced an EcoZen tie-up with Tata Steel.

Kotak is all set to acquire Deutsche Bank's India retail arm for ₹4,500 crore to maximise its leverage in the Indian market.