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Fertiliser costs under pressure, fall up to 6%

Monday, March 16, saw a further 0.6% reduction in the Nifty PSU Bank index, which has been falling for the fourth day in a row following a roughly 4% decline last Friday. All of the index’s components are now trading at a loss.

China’s 30-year bond yields were on track to close at their highest level since September 2024 as worries about inflation were heightened by rising oil prices brought on by the Iranian conflict.

The Nifty index has extended its losses, as the 50-stock index falls below the 23,000m mark.

As the banking index falls under pressure, these are the banking PSU stocks at a 52-week low.

Hiren Ved, Director & Chief Investment Officer, Alchemy Capital Management

On Monday, March 16, gold and silver prices fell in India as investors reevaluated the forecast for US interest rates in light of rising energy prices and geopolitical tensions, while worldwide bullion prices decreased.

Nifty Bank smashes into red, falling over 650 points from its highs of the day.

Nifty Midcap Index is under immense pressure, as the index falls towards the 54,000 mark

Nifty Smallcap 100 index falls close to 2%

Capital Market stocks see a sharp fall from their highs by over 2% each

The Nifty Index has fallen from its highs of the day, dropping over 250 points from its highs to turn red.

On Monday, March 16, IDBI Bank Ltd.’s shares started as much as 15% lower following the government’s cancellation of the lender’s strategic disinvestment. According to sources who spoke with CNBC-TV18, the financial offers made for the stake sale fell short of the transaction’s reserve price.

Raymond James’s Matt Orton has aggressively reduced portfolio risk, increased cash holdings to roughly 15%, and suggests holding off on purchases until there are more indications. Orton highlighted Mahindra & Mahindra and private sector banks as possible prospects until market conditions stabilise, stating that quality companies are becoming more appealing following the drop.

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In the midst of the ongoing conflict in West Asia, InterGlobe Aviation, the parent company of IndiGo, announced a fuel surcharge on all domestic and international routes on Monday, March 16. The airline’s stock initially opened down but recovered to trade higher.

Sudarshan Sukhani, Proprietor, Technical Trends

The Reserve Bank of India (RB) learned a valuable lesson from the near collapse of Yes Bank in 2020: having one person in charge for an extended period of time might result in power consolidation and a higher likelihood of misconduct.

After reporting monthly losses in January and February, Varun Beverages shares fell to a 52-week low last week. The stock last saw a three-month decline between April and June of 2025.

In addition to VA Tech Wabag, Data Patterns, and SEAMEC, other businesses that have received orders include RailTel, which received a ₹34 crore order from the South Central Railway; Dilip Buildcon, which was the lowest bidder for a ₹160 crore EPC road project; and Newgen Software, which received a ₹20.5 crore order from Kuwait.

Exicom Tele Systems commences regular commercial production at Telangana, effective March 16

IndiGo rises over 1% after announcing fuel charges amid the West Asia Crisis

The Nifty crosses the 23,250 mark intraday, and these are the biggest contributors

LIC in focus on divestment concerns

Fino Payments Bank slips in early trade, falls nearly 6% after Bank says, Deposit balances have grown by nearly 9% over the past 2 weeks

Tejas Networks jumps over 7% on order win, up nearly 4% this month

Production disruption is likely in the next few weeks if the gas issue persists, and rising commodity prices can impact the margins of auto companies.

TVS Motor & Eicher are value-picks in 2Ws & Maruti, M&M in 4Ws

Tejas Networks | Selected For A 4G Network Expansion Project In South Asia

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