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Selling pressure was intense, with all Sensex constituents ending in the red except Power Grid. Market breadth remained firmly negative, with the NSE advance-decline ratio at a weak 1:6.Banking stocks led the decline, with heavyweights like HDFC Bank, ICICI Bank, SBI, and Axis Bank falling up to 5% after the RBI tightened forex norms. Nifty Bank tumbled 1,999 points to end at 50,275, emerging as one of the worst-hit indices. Bajaj Finance and InterGlobe Aviation were also among the top laggards on the Nifty.Broader markets underperformed the benchmarks, with the Midcap index falling 1,448 points to 52,650. Stocks such as SBI Card, Tata Technologies, Ashok Leyland, RVNL, and Aditya Birla Fashion were among the top losers in the midcap pack. Overall investor wealth took a significant hit, as BSE-listed companies saw their market capitalisation erode by nearly ₹10 lakh crore.Adding to the negative sentiment, the rupee breached the 95 per dollar mark for the first time, hitting a record low of 95.22 against the US dollar. Meanwhile, crude oil prices continued their upward trajectory, with Brent crude rising above $115 per barrel, weighing on oil marketing companies like HPCL, which fell around 2%.On the stock-specific front, Jubilant FoodWorks declined over 4% as operations at some outlets were impacted by LPG shortages. Aarti Pharmalabs slipped 3% after the US FDA issued a Form 483 with one observation for its Tarapur Unit-IV. NSDL also remained under pressure, slipping below its IPO price and continuing its streak of negative monthly returns since listing.Despite the weak market, a few pockets showed resilience. Aluminium stocks gained after geopolitical tensions escalated following Iran’s strike on Bahrain facilities, with Nalco rising around 4%. Sugar stocks rallied up to 11%, tracking the sharp rise in crude oil prices.Urban Company advanced 4% after its InstaHelp platform crossed 1 million monthly bookings, while IRB Infrastructure Developers emerged as the top midcap gainer, rising nearly 7% after adjusting for its bonus issue.Overall, it was a risk-off session marked by heavy selling across sectors, sharp losses in financials, and persistent macro pressures weighing on investor sentiment.Benchmark indices ended sharply lower for a second straight session, dragged by a broad-based selloff across sectors. The Sensex plunged 1,636 points to close at 71,948, while the Nifty fell 488 points to settle at 22,331, slipping below the 22,400 mark.Selling pressure was intense, with all Sensex constituents ending in the red except Power Grid. Market breadth remained firmly negative, with the NSE advance-decline ratio at a weak 1:6.Banking stocks led the decline, with heavyweights like HDFC Bank, ICICI Bank, SBI, and Axis Bank falling up to 5% after the RBI tightened forex norms. Nifty Bank tumbled 1,999 points to end at 50,275, emerging as one of the worst-hit indices. Bajaj Finance and InterGlobe Aviation were also among the top laggards on the Nifty.

“Vedanta remains the best pick in the metals sector. The fact that the company is being split into five units would mean there could be some value unlocking there. Gradually, all concerns around the holding company debt have dissipated. So, Vedanta is one company worth looking out for.

Also, Hindalco, being one of the largest producers of aluminium, with war and rupee depreciation, is overall supportive of metal prices. So, I would remain overweight on metals.”

The Indian rupee ended at a record closing low of 94.83 against the US dollar on Monday, marginally weaker than Friday’s close of 94.81.

During the session, the currency slipped to an all-time intraday low of 95.12 before recovering slightly to settle at 94.83.

“It’s a combination of multiple events which are playing on the market all at one go, and it’s not just playing on the currency markets — it is across bond yields and liquidity. So it’s a combination effect, I would say. Plus, it’s also the last working day of the financial year for the bond market. So I am saying multiple permutation combinations. It’s very difficult to give you a cause-effect relationship.”

“The only thing I would say is that, probably, this could be one of the many measures that possibly the central banker has in mind. If you do take the past as a precedent — when the taper tantrum happened back in 2013, or when you saw a surprise out-of-cycle move by RBI in 2022 during the Russia-Ukraine situation — you saw a slew of measures. So I would say that this would be probably one of the many salvos which the central banker has invoked, and there could be many more to come.”Broad-based selling gripped the market on Monday, with all 15 sectoral indices on the NSE trading in the red. The Nifty PSU Bank index emerged as the top loser, declining 4.5% during the session.

Solar World has secured two orders with a combined value of ₹283 crore, providing a fresh boost to its order book.

As of 3:10 PM, the Nifty50 was down 2.29% or 523 points at 22,296.20, while the Sensex declined 2.23% or 1,755 points to trade at 71,840.51.

Benchmark indices remained under pressure, with the Nifty extending its decline to 500 points to slip beyond the 22,300 mark.

The selloff comes alongside a spike in bond yields, with the 10-year government bond yield climbing to the 7% level

The Indian rupee extended its losses on Monday, breaching the 95 mark for the first time ever to hit a record low of 95.15 against the US dollar.

Shares of NSDL have consistently produced negative monthly returns since their August IPO. In the seven whole months that the stock has been trading as a public business, the March decline of 12.7% is the worst.

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The Nifty Bank index is under immense pressure, falling over 3% today.

The Nifty Midcap 100 has fallen over 1,200 points, falling to lows of the day.

The Nifty index has extended its losses, falling over 400 points.

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Due to significant borrowing plans, a large supply of state bonds, and fiscal concerns following fuel duty reductions, India’s bond market is still erratic. While the rupee is getting close to record lows, crude prices have increased by around 45% to $115/bbl.

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After the RBI limited banks’ gross onshore foreign exchange positions at $100 million, requiring them to reduce significant exposures by April 10, the currency opened much higher at 93.58. However, when corporate and importer demand for dollars increased, the currency later declined to about 94.45.

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Here are IPOs that bucked the trend and did well.

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