Share Market News

It was a choppy session for Indian markets. By the closing bell though, the benchmark indices managed to climb back and finish higher. The broader market didn’t share the same strength. Bullion prices, meanwhile, slipped in domestic commodity trading.

Several startups that listed on the stock market in 2025 are now trading below their issue price, as market volatility, high IPO valuations and closer scrutiny of company results weigh on investor sentiment.

A cautious tone may prevail today as investors watch the Middle East situation and rising oil prices for fresh market cues.

PhonePe’s IPO will largely involve existing investors selling shares rather than fresh capital being raised. The company’s ESOP structure and positive cash flows may also influence investor interest ahead of the listing.

Coal India said it aims to ensure electricity is supplied at a “just price” despite the West Asia crisis raising imported coal costs. The company highlighted strong domestic coal availability and high stockpiles at mines and power plants to meet rising summer demand and maintain energy security.

Foreign portfolio investors reduced their Indian equity holdings in March, withdrawing ₹52,704 crore from the cash market amid rising geopolitical tensions and a weakening rupee.

Shares of InterGlobe Aviation (IndiGo) climbed after the airline introduced a fuel surcharge on domestic and international flights following a sharp rise in aviation fuel prices. The surcharge, effective 14 March, adds ₹425 on domestic routes and ₹900–₹2,300 on international sectors.

The Reserve Bank of India may step up liquidity support through bond purchases or swaps to keep money market rates stable after its currency market interventions.

CMPDI’s ₹1,842 crore IPO, an OFS of 10.71 crore shares, opens 20–24 March 2026 with a ₹163–₹172 price band and a lot size of 80 shares.

India’s wholesale inflation climbed to 2.13% in February, the highest level seen in 11 months. A big reason is the rise in prices of manufactured goods and primary commodities. Global oil prices are also creeping up, and tensions in West Asia are starting to influence how people see inflation in the months ahead.

Researchers at CSIR-NCL say they have developed a method to produce dimethyl ether, which could take over a part of LPG usage and reduce India’s dependence on imported fuel.

India’s gems and jewellery exports saw a 3.86% rise year-on-year, reaching $2.68 billion in February 2026, helped by better demand in key global markets despite swings in precious metal prices.