Market News

Dalal Street saw a bloodbath on Monday as escalating conflict in the Middle East pushed up crude oil prices and took a heavy toll on investors’ sentiments.

Fairfax Financial and OMERS have extended the IPO timeline of Anchorage Infrastructure, the holding company for Bengaluru’s Kempegowda International Airport, by 12 months, pushing the deadline to September 2026.

Rajputana Stainless has launched its ₹255 crore IPO with a price band of ₹116–₹122 per share. The stainless-steel manufacturer plans to use the proceeds for debt repayment, capacity expansion, and general corporate purposes.

Indian markets head into 9 March after the Sensex fell 1,097 points and the Nifty dropped 315 points, with ₹21,000 crore in FPI outflows, the India VIX near 20, and oil supply disruptions pushing crude prices closer to $100 per barrel.

Reliance Industries has lost nearly ₹3 lakh crore in market value this year after outperforming the NIFTY 50 in 2025, as concerns around earnings visibility, retail competition and delayed growth triggers weigh on investor sentiment.

Jio Platforms is preparing for a public listing in 2026 that could raise $4–4.5 billion and become India’s largest IPO. Analysts estimate a $180 billion valuation while investors monitor the public float, stake sales and listing timeline.