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ensex | Nifty 50 | Stock Market Highlights – Find here all the highlights related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 2nd March 2026
Indian share benchmarks tumbled on Monday as the escalating Middle East conflict pushed crude prices higher and triggered investor flight to safe havens such as gold and the U.S. dollar.
The Middle East supplies about half of India’s crude imports, and is the source of 40% of remittances and the destination for 17% of India’s exports, according to Jefferies and BofA Securities.
A spike in oil prices and trade disruption drive up the cost of imported goods, weakens the rupee and stokes inflation, squeezing businesses and households alike.
The Nifty 50 dropped 1.24% to a one-month low of 24,865.70 while the BSE Sensex shed 1.29% to 80,238.85, lowest in six months.
The rupee depreciated against the dollar, and government bond yields rose after the U.S. and Israel struck Iran over the weekend, killing its supreme leader, which spurred retaliation from Tehran. Iran closed navigation via the Strait of Hormuz, likely disrupting nearly 20% of global oil flows and more than 40% of India’s crude imports. Brent crude prices surged 8.1% to $78.8 per barrel.
Fourteen of the 16 major sectors logged losses. The broader small-caps and mid-caps fell 1.8% and 1.6%, respectively.
Shares of oil marketing companies, paint and tyre makers, aviation companies and chemical manufacturers slipped as crude oil prices rose. Index heavyweight and oil-to-telecom conglomerate Reliance Industries dropped 2.6%, dragging the benchmark indexes.
India’s equity, currency and debt markets will be closed for Holi on Tuesday.
Key highlights today
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Sensex tanked 2,743.46 points (-3.37%) to 78,543.73 in early trade. It later ended at 80,238.85, down 1,048.34 points (-1.29%).
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Nifty tumbled 575.15 points (-2.28%) to 24,603.50 in intra-day trade and settled 312.95 points (-1.24%) down at 24,865.70.
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Brent crude jumped 8.34% to $78.95 per barrel.
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Investors’ sentiment were hit hard following a sharp spike in crude oil prices amid escalating tensions in West Asia.
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Top Laggards (BSE): InterGlobe Aviation, Larsen & Toubro, Adani Ports, Maruti, Asian Paints, and Bajaj FinservGainers (BSE): Bharat Electronics, Sun Pharma and ITC
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Equity markets would remain closed on Tuesday for Holi.
- March 2, 2026 16:18
Industryupdate
Cognizant issues global security advisory, shifts to heightened risk posture
Cognizant issues security advisory, adopts heightened risk posture amid global tensions
Cognizant issues employee advisory, citing possible cyber risks and forming a Middle East incident response team, while operating under heightened security posture.
- March 2, 2026 15:52
Finance
Life Insurance Corporation of India informed that term of Sunil Agrawal, Chief Financial Officer, has been extended for a further period of one year, i.e., till March 01, 2027.
- March 2, 2026 15:52
Finance
IIFL Finance eyes $750 million fundraise via social dollar bonds
IIFL Finance eyes $750 million fundraise via social dollar bonds
Gold loan financier IIFL Finance plans to raise as much as $750 million through a combination of debut dollar-denominated social bonds and an overseas loan in March, two banking sources and a company source aware of the matter said on Monday.
- March 2, 2026 15:42
Stock market
Rupee crashes 44 paise to settle at 91.52 (provisional) against US dollar.
- March 2, 2026 15:42
Marketdown
Market Sell-off: Sensex Falls Over 1,000 Points, Nifty 50 Dips 1.24%
Sensex ended 1048.34 pts or 1.29% lower at 80,238.85 after opening at 78,543.73, and Nifty 50 fell 312.95 pts or 1.24% to 24,865.70, hitting an intraday low of 24,603.50. Markets will be closed tomorrow on account of Holi.
- March 2, 2026 15:41
Rajputana Stainless’ ₹255-crore IPO to open on March 9
Rajputana Stainless’ ₹255-crore IPO to open on March 9
Rajputana Stainless’ ₹255-crore IPO opens on March 9, offering shares priced between ₹116-122 each for expansion and debt repayment.
- March 2, 2026 15:38
Stock market
Markets closing update
Sensex ends 1048.34 points (-1.29%) down at 80,238.85, while Nifty closes at 24,865.70, down 312.95 points (-1.24%)
- March 2, 2026 15:26
Commodities
Middle East oil faces pricing confusion as Hormuz traffic halted
Middle East oil faces pricing confusion as Hormuz traffic halted
Middle East oil pricing is disrupted as traffic through the Strait of Hormuz halts amid escalating regional tensions.
- March 2, 2026 15:23
Industryupdate
Oswal Solar Energy bags ₹39.4 crore order for 7.46 MW Grid Connected RTS Plants
Oswal Pumps’ arm Oswal Solar Energy Pvt Ltd has received an order of 7.46 MWps Grid Connected RTS Plants for 3,729 SC & ST Consumers through Utility Led Aggregation (CAPEX) Mode in APDISCOMs under PM – Surya Ghar: Mufi Bijli Yojana from Swashakthi Energy. The total value of the order is Rs. 39.40 Crore
Shares traded at Rs 304.90 on the NSE, down 3%
- March 2, 2026 15:17
NSE
Nifty at risk of slipping below 24,500 as Middle East tensions rattle markets: Bernstein
Nifty at risk of slipping below 24,500 as Middle East tensions rattle markets: Bernstein
Indian equities face volatility as Nifty risks dropping below 24,500 amid escalating Middle East tensions and rising oil prices.
- March 2, 2026 15:16
Commodities
NMDC’s total production in Feb 2026 stood at 5.35 MT compared to 4.62 MT in Feb 2025. Sales during the month under review stood at 4.60 MT from 3.98 MT in Feb 2025.
- March 2, 2026 15:16
Industryupdate
Emcure Pharmaceuticals and Roche Sign Distribution Agreement to Strengthen Nephrology and Transplant Care in India
Emcure Pharmaceuticals signs distribution pact with Roche for nephrology, transplant medicine
Emcure Pharmaceuticals partners with Roche to distribute nephrology and transplant medicines in India, enhancing patient access to essential therapies.
- March 2, 2026 15:15
Transport
M&M Exits Blue Planet, Sells Remaining 10% Stake
Mahindra & Mahindra informed the exchanges that it has sold the remaining 10% paid-up share capital of Blue Planet Integrated Waste Solutions to Blue Planet Environmental Solutions India Private Limited (“BPES India”), an affiliate of BPES.
Shares traded at Rs 3,339.90 on the NSE, down 1.6%.
- March 2, 2026 15:09
Industryupdate
Urban Company, ILO join hands to boost e-Shram registration
Urban Company and International Labour Organization collaborate to expand e-Shram registration for UC service professionals.
Shares traded at Rs 103.07 on the NSE, down 4%.
- March 2, 2026 15:04
Amid West Asia tensions, Gold may hit $6,000/ounce, Nifty can remain flat: Elara Capital
Gold prices could surge to $6,000 per ounce, and Rupee may weaken to ₹92-92.5 against USD if West Asian conflict escalates further, according to a report by Elara Capital.
The report said gold stands to benefit significantly from rising geopolitical tensions.Read more here
- March 2, 2026 15:01
Stock market
Markets @ 3 pm
Sensex down 1169.5 points (-1.44%) at 80,117.67
Nifty down 347.75 points (-1.38%) to 24,830.9
- March 2, 2026 14:54
Agriculture
Mahindra to exit non-viable Japan agri-machinery business
Mahindra & Mahindra on Monday said it has decided to exit its Japan agri-machinery business as part of a portfolio rationalisation following a strategic review.
- March 2, 2026 14:54
Industryupdate
ABB India to transfer its robotics biz to ABB Robotics for Rs 1,568 cr
ABB India on Monday said it has agreed to transfer its robotics business to ABB Robotics India on a slump sale basis for ₹1,568.20 crore.
The business transfer is effective from March 1, ABB India said in a regulatory filing.Read more here
- March 2, 2026 14:18
Industryupdate
Force Motors sold 3,890 units of vehicles in Feb 2026 compared to 3,600 units in Feb 2025, including exports.
- March 2, 2026 14:18
Finance
Not evaded any GST dues; did not promote any kind of betting activity: Fino Payments Bank
Not evaded any GST dues; did not promote any kind of betting activity: Fino Payments Bank
Fino Payments Bank asserts GST compliance amid DGGI investigation into alleged shell companies linked to online gaming funds.
- March 2, 2026 14:11
Industryupdate
Go Fashion (India) has appointed S Zafir Ahmed as Chief Merchandising Officer of the company.
- March 2, 2026 14:01
Bajaj Auto sales up 27% at 4,48,259 units in February
Bajaj Auto Ltd on Monday reported a 27 per cent rise in total sales at 4,48,259 units in February as compared to 3,52,071 units in the same month last year.
Bajaj Auto sales up 27% at 4,48,259 units in February
Bajaj Auto reports 27% sales increase in February, reaching 4,48,259 units, driven by growth in domestic and export markets.
- March 2, 2026 13:51
Commodities
Crude oil could top $100 as Strait of Hormuz closure halts flows
Oil prices could exceed $100 per barrel if tanker traffic through the Strait of Hormuz is not swiftly restored, as the waterway’s closure threatens to disrupt 15 per cent of global oil supply and 20 per cent of global LNG supply, consultancy Wood Mackenzie said.Read more here
- March 2, 2026 13:40
Industryupdate
SEPC says no financial impact from HC verdict
SEPC has said the recent High Court order will not have any impact as its financial exposure is mitigated by a 2015 SEPCagreement with the co-respondent, Twarit Consultancy Services.
Read more
- March 2, 2026 13:33
BSE
Top Gainers and Losers on the BSE
Top gainers: Tejas Networks (+13%), IIFL Capital (+8.14%), STL Tech (+8%), Paras Defence (+7.68%), Solar Industries (+2.82%)
Top losers: Apollo Hospitals (-9.73%), Safari (-8.36%), Easy Trip (-7.89%), SpiceJet (-7.77%), KRN (-7.61%)
- March 2, 2026 13:31
Industryupdate
Mitsubishi Mahindra to withraw from agri machinery business
Mitsubishi Mahindra Agricultural Machinery Co., Ltd., which is an associate of M&M operating in Japan, has, approved that MAM along with its subsidiaries to withdraw from the agricultural machinery business (“Withdrawn Business”). Further, MAM has announced that the Business which supplies spare parts for MAM’s products and product warranty services would continue to operate .
- March 2, 2026 13:30
Industryupdate
Apollo Pipes Limited has informed the Exchange regarding Appointment of Mr Parag Dadeech as Chief Operating Officer (‘COO’) of the company w.e.f. March 02, 2026
- March 2, 2026 13:27
Stock market
Sensex, Nifty tumble 2% as crude spike hits markets, L&T, IndiGo, Adani Ports drag, BEL & ONGC gain
Equities slumped sharply on Monday as escalating tensions in the Middle East pushed crude oil prices higher and triggered a shift toward safe-haven assets, dampening investor sentiment. The sell-off was broad-based, with benchmark indices under heavy pressure and sharp declines across sectors.
Read more
- March 2, 2026 13:24
Stock market
Iran war deepens market rout; Sensex sinks 1,611 pts at midday
At 12.51 pm, the BSE Sensex was trading at 79,676.24, down 1,610.95 points or 1.98 per cent from its previous close of 81,287.19. The NSE Nifty 50 stood at 24,686.65, a decline of 492 points or 1.95 per cent from Friday’s close of 25,178.65.
Iran war deepens market rout; Sensex sinks 1,611 pts at midday
Sensex plunges 1,611 points amid escalating Iran conflict, raising concerns over rising crude oil prices and market sentiment.
- March 2, 2026 13:16
Industryupdate
Honda Motorcycle & Scooter sales rise 34% to 5,67,351 units in February
Honda Motorcycle & Scooter sales rise 34% to 5,67,351 units in February
Honda Motorcycle & Scooter India reports a 34% sales increase in February, totaling 5,67,351 units sold.
- March 2, 2026 13:01
Finance
Fino Payments Bank shares recover from 52-week low
Shares of Fino Payments Bank traded flat on the NSE at ₹190.28 at 12.27 pm, after sinking 14 per cent in early trade to a 52-week low of ₹165.01 from the previous close of ₹192.19. During the session, the stock moderated from ₹165.01 to ₹198.90 after opening at ₹175, indicating a sharp intraday recovery amid heightened volatility.
Read more
- March 2, 2026 12:49
Commodities
Crude oil futures hit lifetime high of ₹6,596/barrel
Crude oil prices on Monday jumped ₹504 to hit a lifetime high of ₹6,596 per barrel in futures trade amid escalating tensions in the Middle East. On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 504, or 8.27 per cent, at Rs 6,596 per barrel in 10,530 lots.
Read more here
- March 2, 2026 12:47
Industryupdate
Bajaj Housing Finance allotted NCDs aggregating to Rs 503.41 crore.
- March 2, 2026 12:46
Marketdown
Balkrishna Industries approved allotment of NCDs aggregating to Rs 750 cr.
Shares traded at Rs 2,291.70 on the NSE, down 4%
- March 2, 2026 12:46
Info tech
TCS Expands Strategic Partnership with Zscaler to Redefine Enterprise Workspace Innovation with New AI-powered Solution
TCS shares traded at Rs 2,599.30 on the NSE, down 1%.
- March 2, 2026 12:36
Info tech
RIL, Adani, Google lead $240 billion investment wave at AI Summit
Reliance Industries, Adani, Google, Lightspeed Ventures and Tata are among the top investors that cumulatively made commitment of $240 billion investment in India during the India AI Impact Summit 2026, an official statement said on Monday.
Read more here
- March 2, 2026 12:29
Antique on Middle East conflict
- Global technology selloff pulled down Indian IT services stocks
- Palantir earnings highlighted AI replacing traditional software tools
- AI platforms reducing ERP implementation timelines sharply
- Market sentiment weakened due to automation concerns
- Large part of coding and testing work faces productivity pressure
- Around 9–12% of industry revenue seen at risk
- ERP and third-party software work may also shrink sharply
- New AI partnerships expected to drive future opportunities
- March 2, 2026 12:29
Economy
UBS on GDP
- Real GDP growth in the December quarter was higher than consensus
- India’s FY27 growth driven by resilient domestic demand and cyclical policy
- US: the end of reciprocal tariffs but uncertainty remains; India likely to gain
- March 2, 2026 12:28
Economy
Goldman Sachs on GDP
- Stronger manufacturing activity in rebased GDP series
- Modestly raise CY26 real GDP growth forecast by 10 bps to 7% year-on-year
- This reflects stronger-than-expected manufacturing activity and broad-based pickup in bank credit growth
- March 2, 2026 12:28
Economy
Nomura on GDP
- India GDP revisions: slower past, faster present
- Revisions show a slower post-pandemic recovery in consumption and informal sectors, a smaller size of the nominal GDP, but faster current growth
- Expect India’s economic cycle to improve in the coming quarters
- This will reflect tailwinds from past policy easing, higher wage growth, and calming of trade tensions
- Expect FY27 GDP growth at an above-consensus 7.1% year-on-year
- March 2, 2026 12:27
Stock market
The NSE and BSE holidays in March 2026
🔸️March 3, 2026 (Tuesday) — Holi
🔸️March 26, 2026 (Thursday) — Shri Ram Navami
🔸️March 31, 2026 (Tuesday) — Shri Mahavir Jayanti
- March 2, 2026 12:26
Marketdown
NCC traded at Rs 148.55 on the NSE, down 3%. The Telangana High Court granted an interim suspension of the debarment order previously issued by NHAI
- March 2, 2026 12:26
Industryupdate
Atul Auto: Total sales for the month of Feb 2026 stood at 3,429 units compared to 2,900 units in Feb 2025. Shares traded 4% lower at Rs 477.75.
- March 2, 2026 12:26
Industryupdate
Edelweiss Financial Services Limited announces ₹3,500 Million Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs)
Shares traded at Rs 112.60 on the NSE, down 1.5%.
- March 2, 2026 12:16
Industryupdate
ASMS signs hare Subscription cum Shareholders’ Agreement with Huwel Lifesciences
Avio Smart Market Stack (ASMS) (formerly known as Bartronics India) has signed a Share Subscription cum Shareholders’ Agreement with Hyderabad-based Huwel Lifesciences pursuant to and in furtherance of the MoU signed between the parties in September 2025.
Shares down 3% on the NSE to Rs 9.95
- March 2, 2026 12:12
Industryupdate
Archies has announced the launch of Archies Express, a new-age retail format designed to connect with today’s fast-evolving, style-conscious consumers.
As part of this strategic expansion, the brand plans to open 20 Archies Express stores across India in the current financial year, marking a significant step in its retail transformation journey.
Shares traded 6% lower on the NSE at Rs 14.87
- March 2, 2026 12:11
BSE
Only 669 stocks advanced, 3,420 declined and 190 remained unchanged of all the 4,279 stocks that were traded on the BSE at around 11.45 am.
While 81 stocks scaled to a 52-week high, nearly 764 stocks fell to a 52-week low. About 141 stocks hit the upper circuit and 244 hit the lower circuit.
- March 2, 2026 12:09
Marketup
Defence stocks: HAL, BEL, BDL gain
Paras Defence surged 11.56 per cent, while Solar Industries rose 4.08 per cent and Dynamatic Technologies gained 2.04 per cent. Bharat Electronics (BEL) was up 1.87 per cent, Bharat Dynamics (BDL) rose 0.60 per cent, and Hindustan Aeronautics (HAL) gained 0.53 per cent.
- March 2, 2026 12:08
Marketup
Defence stocks rally amid West Asia tensions
Defence stocks were trading higher on Monday morning, bucking the broader market weakness, as escalating geopolitical tensions in West Asia drove investors toward the sector. The Nifty India Defence index was up 0.69 per cent at 8,183.15 around 11:30 AM IST, after opening sharply lower at 7,936.05.
- March 2, 2026 11:58
Industryupdate
Orange Business and Tech Mahindra’s partnership
Orange Business and Tech Mahindra to forge a partnership to accelerate end-to-end digital transformation for enterprise customers worldwide, focusing on AI, automation and secure digital platforms
Tech Mahindra traded flat on the NSE at Rs 1,344.90
- March 2, 2026 11:58
Industryupdate
InfoBeans Technologies board allotted bonus shares in the ratio of 3:1.
- March 2, 2026 11:45
NSE
Top Gainers and Top Losers on NSE at 11:45 AM
- March 2, 2026 11:41
NSE
3,113 stocks were traded at 11:35 AM on the NSE. 465 stocks advanced and 2,570 declined.
- March 2, 2026 11:35
BSE
Top Gainers and Top Losers on the BSE at 11:33 AM
- March 2, 2026 11:34
Commodities
MCX Zinc Futures: Wait for a breakout to go long
Zinc prices remain higher but seems to be struggling to stage a strong rise. The Zinc Futures contract traded on the Multi Commodity Exchange (MCX) has been facing strong resistance in the ₹330-₹335 per kg region for about a month now. The contract is currently trading at ₹328 per kg.
Read more here
- March 2, 2026 11:21
Economy
US-Israel attack on Iran rattles rupee as markets feel heat
The US and Israel’s combined attack on Iran had its impact on the Rupee, which opened about 16 paise weaker against the Dollar on Monday.
The Indian unit (INR), which opened at 91.2350 per US Dollar (USD), is currently trading about 32 paise weaker at 91.3950, per CCIL data.
Read more here
- March 2, 2026 11:15
Insurance
Bajaj Life Insurance launches ‘Bajaj Life Opportunities Fund’, capturing the growth opportunities. NFO Period closes on 16th March
- March 2, 2026 11:15
Industryupdate
Steel Strips Wheels: achieved a Net Tumover of 1476,41 Cr in February 2026, compared to t40’1.’14 Cr in the same period last year.
The company’s Gross Tumover reached t549.25 Cr in February 2026, compared to {500.62 Cr in the same period last 1,ear, reflecting a steady growth of9.7l%.
Shares traded at Rs 209.41 on the NSE, down 3%
- March 2, 2026 11:08
Ipo
Clean Max lists at up to 9.5% discount, slides further in early trade
Clean Max lists at up to 9.5% discount, slides further in early trade
Selling pressure intensified post-listing. At 10.45 am, the stock was trading at ₹863.50 on the NSE and ₹869 on the BSE, marking a sharp decline from its debut levels
- March 2, 2026 11:07
Marketdown
Shares of aviation firms, tour operators dive amid Middle East crisis
Shares of aviation firms, tour operators dive amid Middle East crisis
Shares of airline companies, tour and travel related services providers tumbled on Monday morning trade amid escalating tensions in the Middle East.
- March 2, 2026 11:07
Economy
PMI Manufacturing rose to 4-month high of 56.9 in February
PMI Manufacturing rose to 4-month high of 56.9 in February
India’s manufacturing PMI rose to a four-month high of 56.9 in February, driven by strong domestic demand despite slowing export orders.
- March 2, 2026 11:06
NSE
Nifty Bank Prediction Today – March 02, 2026: Nifty Bank Futures: Can fall more
Nifty Bank Prediction Today – March 02, 2026: Nifty Bank Futures: Can fall more
Nifty Bank March Futures can fall to 59,850 if it failes to rise back above 60,350 from here
- March 2, 2026 11:05
Commodities
Oil stocks buck market slump: ONGC, Oil India gain amid Middle East tensions
Oil stocks buck market slump: ONGC, Oil India gain amid Middle East tensions
Despite the widespread weakness, select oil upstream stocks emerged as notable gainers, supported by a sharp rise in global crude oil prices
- March 2, 2026 10:36
NSE
Nifty prediction today – March 2, 2026: Nifty 50 futures: Resistance ahead. Stay out of the market
Nifty prediction today – March 2, 2026: Nifty 50 futures: Resistance ahead. Stay out of the market
Nifty 50 faces resistance today; traders advised to stay out of the market amid uncertainty and negative advance/decline ratio.
- March 2, 2026 10:35
Industryupdate
SEPC Ltd is acknowledging the interim order from the High Court of Madras issued on February 19, 2026.
The ruling, part of ongoing litigation with GPE (India) Ltd and others, involves the interim attachment of trade receivables as the court seeks a time-bound resolution to the dispute. Further, the Court has also appointed PriceWaterhouseCoopers (PWC) to conduct a focused, review of the company’s financial records to determine the amount owed to banks and financial Institutions and the Assets available with SEPC Ltd and submit the report on 23rd March 2026.
- March 2, 2026 10:34
Industryupdate
SEBI removes 1.2 lakh misleading finfluencer posts, deploys AI ‘Sudarshan’: Chairman
SEBI removes 1.2 lakh misleading finfluencer posts, deploys AI ‘Sudarshan’: Chairman
The Securities and Exchange Board of India (SEBI) has removed more than 1.2 lakh misleading social media posts by unregistered financial influencers and is leveraging artificial intelligence (AI) tools to track violations in the digital space, Chairman Tuhin Kanta Pandey said.
- March 2, 2026 10:34
Industryupdate
Clean Max drops 8.8% in trading debut
Clean Max drops 8.8% in trading debut
Clean Max shares debut at ₹960, down 8.8% from their ₹1,053 issue price amid weak investor interest.
- March 2, 2026 10:00
Economy
Rupee falls 21 paise to 91.29 against US dollar in early trade
Rupee falls 21 paise to 91.29 against US dollar in early trade
The rupee falls 21 paise to 91.29 against the dollar amid rising crude prices and global market volatility.
- March 2, 2026 09:48
Marketdown
Fino Payments Bank traded 6% lower at Rs 179.97 at 9.46 am, after opening at Rs 175 from the previous close of Rs 192.19
The bank has issued clarification pertaining to news reports: Key Facts and Position in response to various media reports and speculations are given below: 1. Investigation by the Director General of GST Intelligence – authority was in relation to the program manager(s) associated with multiple banks including the Bank and not on the GST compliance of the Bank itself. (Program managers are the entities who source merchants for the Bank for UPI transactions).
2. The Bank is co-operating with the authority for providing all the relevant information to support the investigation in relation to the program manager(s) in question.
3. The Bank & its officials have nothing do with the business / actions of the program manager(s) in question.
4. The Bank does not directly or indirectly engage / or promote any kind of betting activity through any forum, website, platform or in any form.
5. The Bank has not evaded any GST dues and is compliant with all the regulations relating to payment of GST.
- March 2, 2026 09:47
Commodities
Crude oil futures trade higher as US, Israel launch strike on Iran
Crude oil futures trade higher as US, Israel launch strike on Iran
At 9.25 am on Monday, May Brent oil futures were at $77.12, up by 5.83%, and April crude oil futures on WTI (West Texas Intermediate) were at $70.71, up by 5.51%
- March 2, 2026 09:41
Marketdown
Markets tumble at open as Middle East war dents risk appetite
Markets tumble at open as Middle East war dents risk appetite
All 16 major sectors logged losses. The broader small-caps and mid-caps fell 3.8% and 3.4%, respectively
- March 2, 2026 09:39
Industryupdate
Tata Motors sign MoU with VOC Port Authority
Tata Motors has signed a Memorandum of Understanding (MoU) with V.O. Chidambaranar Port Authority (VOCPA), Tuticorin, Tamil Nadu, to deploy 40 Green Hydrogen Internal Combustion Engine-powered (H2 ICE) prime movers at the port. The MoU was signed in the presence of Shri Sarbananda Sonowal, Hon’ble Union Minister of Ports, Shipping and Waterways.
Shares traded at Rs 497.45 on the NSE, down 1.55%.
- March 2, 2026 09:38
Industryupdate
Ashok Leyland: Total vehicle sales in Feb 2026 stood at 22,157 units compared to 17,903 units in Feb 2025.
Shares flat on the NSE at Rs 211.05.
- March 2, 2026 09:35
Industryupdate
Bajaj Auto reported total sales for the month of Feb 2026 at 4,48,259 units compared to 3,52,071 units in Feb 2025.
Shares traded 2% lower at Rs 9,790.50 on the NSE.
- March 2, 2026 09:34
Crude oil futures traded more than 5 per cent higher on Monday morning following the US-Israel attacks on Iran over the weekend.
At 9.25 am on Monday, May Brent oil futures were at $77.12, up by 5.83 per cent, and April crude oil futures on WTI (West Texas Intermediate) were at $70.71, up by 5.51 per cent. March crude oil futures were trading at ₹6483 on Multi Commodity Exchange (MCX) during the initial hour of trading on Monday against the previous close of ₹6092, up by 6.42 per cent, and April futures were trading at ₹6483 against the previous close of ₹6106, up by 6.17 per cent.
- March 2, 2026 09:24
Marketdown
Emerging market currencies, stocks fall on Iran-Israel conflict worries
Emerging market currencies, stocks fall on Iran-Israel conflict worries
A gauge of developing nations’ currencies dropped 0.5%, declining for a second session in a row as the dollar strengthened.
- March 2, 2026 09:19
Marketdown
Sensex opened 2,743.46 pts lower at 78,543.73 from the previous close of 81,287.19. Nifty 50 tumbled 519.4 pts to 24,659.25 from the previous close of 25,178.65.
- March 2, 2026 09:16
West Asia war to weigh heavily on China, Europe and India, economists say
West Asia war to weigh heavily on China, Europe and India, economists say
Economists warn the West Asia conflict will impact oil importers like China, Europe, and India, benefiting exporters like Russia.
- March 2, 2026 08:54
Rajeev Sharan, Head – Criteria, Model Development & Research, Brickwork Ratings
“The US–Israel strikes on Iran represent a significant geopolitical shock, raising the global oil risk premium and boosting demand for safe haven assets like gold and silver. For India, with close to 90% dependence on imported crude, any sustained rise in Brent prices quickly feeds into higher fuel costs, broader inflation, and a wider current account deficit. This complicates the RBI’s disinflation path and could delay rate cuts.
Indian equities have already turned risk off, with expectations of more volatility, foreign investor outflows, and pressure on autos, financials, and energy intensive sectors. Precious metals are likely to stay supported as long as escalation risks remain. The conflict premium will ease only when there is clarity on leadership in Tehran, credible channels for de escalation, and assurance that vital oil routes such as the Strait of Hormuz remain open.”
- March 2, 2026 08:11
Morgan Stanley: India Equity Strategy | Focus List Changes: Adding Adani Power, Lenskart and Prestige Estates
We add Adani Power, Lenskart and Prestige Estates to our Focus List at the expense of Reliance Industries, Titan and Interglobe Aviation. From a sector perspective, we are OW Financials, Consumer Discretionary and Industrials.
- March 2, 2026 07:58
Iran conflict: Anxiety to engulf these 5 sectors’ stocks
Iran conflict: Anxiety to engulf these 5 sectors’ stocks
Airlines, oil stocks face pressure from flight cancellations, rising crude prices
- March 2, 2026 07:57
Middle East Conflict Updates: UAE announces it is closing its Dubai, Abu Dhabi stock markets on Monday and Tuesday (2nd & 3rd March) following Iranian strikes.
- March 2, 2026 07:57
Stock market
EQUITY PREVIEW
Abbott India (BOOT): Novo Nordisk, Abbott India in Pact for Semaglutide Diabetes Drug
Adani Enterprises (ADE): Agrees to buy defense unit from Punj Lloyd by way of slump sale, no terms
Adani Green Energy (ADANIGR): Says unit to operationalize plant in Gujarat
Aurobindo Pharma (ARBP): U.S. FDA complete inspection at Eugia Pharma unit 1 with four observation
Eicher Motors (EIM): Eicher Feb. Motorcycle Sales +11% to 100,905 units
Escorts Kobuta (ESCORTS): Feb. total sales up 20.4% Y/y to 10,339 units
GAIL India (GAIL): To set up wind project in Maharashtra for INR17.4B
GlaxoSmithKline Pharma (GLXO): Says revenue officials search office in Mumbai
Hero MotoCorp (HMCL): Feb. Vehicle Sales 558,216 Units Vs. 388,068 Y/y
Hindustan Petroleum (HPCL): HPCL Buys 1M Bbl of US Crude for Early May: OIL TENDER
ICICI Bank (ICICIBC): Board approves buying 2% more shares in Life Insurance arm
Indian Oil Corp. (IOCL): Skips Mideast Supply in Latest Purchases: OIL TENDER
Mahindra & Mahindra (MM): Feb. Automotive Sales +18% Y/y to 97,177 Units
Maruti Suzuki (MSIL): Feb. Total Sales 213,995 Units Vs. 199,400 Y/y
SML Mahindra (SMLMAH): Feb. vehicle sales up 17% Y/y to 1,503 units
Tata Motors PV (TMPV): Feb. Vehicle Sales 63,331 Units
TVS Motor (TVSL): Feb. Vehicle Sales 529,308 Units
Zydus Lifesciences (ZYDUSLIF): Gets U.S. FDA final approvals for Ivermectin and Dapsone tablets
- March 2, 2026 07:57
Global bits
India – Q3 GDP grew 7.8% y/y, with strong consumption and services momentum, while NTT Data announced 5,000 new jobs, signalling sustained investment confidence.
South Korea – Exports are set to rise for a ninth straight month, driven by AI-related semiconductor demand.
Germany – Inflation eased to around 2% in February, reinforcing euro zone disinflation trends.
France – Inflation rose more than expected due to slower energy price declines, highlighting uneven price pressures.
Europe – Regional equities marked an eighth consecutive monthly gain, though credit concerns weighed on financial stocks.
Canada – Prime Minister Mark Carney advanced trade ties with India, signalling diversification beyond U.S.-centric trade.
United States – Markets remain cautious amid AI-driven disruption themes and upcoming labour market data.
Crude Oil (Brent) – Brent surged ~10% to around $80–$82/bbl (with risks of $90–$100+) as U.S.–Israel strikes on Iran and severe disruption in the Strait of Hormuz threatened roughly 20% of global oil flows.
Refined Fuels (Gasoline) – U.S. gasoline prices are expected to climb above $3/gallon amid supply fears and tanker disruptions in the Gulf.
LNG (Liquefied Natural Gas) – LNG shipments through the Strait of Hormuz have been heavily disrupted, raising supply concerns for major Asian buyers.
Gold – Spot gold jumped nearly 2% (around $5,368/oz) as investors sought safe-haven assets amid escalating geopolitical conflict.
Shipping/Tanker Markets – Freight and insurance costs spiked after vessel damage and halted traffic near Hormuz, effectively tightening global energy supply chains.
Source: Reuters
- March 2, 2026 07:53
Economy
GST Collection Update – February
Gross GST Revenue
• Total Gross Collection: ₹1,83,609 Cr
• Growth: ↑ 8.1% YoY
Year-to-Date (YTD)
• Gross Collection: ₹20,27,033 Cr
• Growth: ↑ 8.3% YoY
Net GST Revenue (After Refunds)
• Net Collection: ₹1,61,014 Cr
• Growth: ↑ 7.9% YoY
Refunds
• Total Refunds: ₹22,595 Cr
• Growth: ↑ 10.2% YoY
Moderate but steady tax growth trend continues.
- March 2, 2026 07:48
Marketdown
Nifty to shed 150 points at open amid Iran tension
Domestic markets are likely to open marginally in the negative on Monday amid escalation of war in the Gulf region, involving Israel, the US and Iran. Gift Nifty at 25,205 indicates a gap-down opening of about 150 points for Nifty. Strong economic numbers such as GDP and GST collection will help in market recovery, market experts believe.
Read more here
- March 2, 2026 07:43
SEBI launches a new mutual fund category – Life Cycle Funds | Here’s everything you need to know
1] How will it work?
This is meant for goal based investing.
For example, if you invest for a 20 year goal (say, child’s education), the fund will start with a higher equity allocation in the early years.
As the target date approaches, especially in the final year, the allocation will gradually shift towards safer assets like debt, gold, or REITs.
2] Tenure?
AMCs can launch these funds with target maturities of 30 years, 25 years, 20 years, 15 years, 10 years, and 5 years.
3] Is there any lock-in?
No. but an exit load will apply:
• 3% if redeemed before 1 year
• 2% if redeemed before 2 years
• 1% if redeemed before 3 years
4] What happens to existing solution oriented funds?
Categories like retirement funds and children’s funds will be discontinued or merged into similar categories.
5] Who is this suited for?
Investors with a clear long-term goal who prefer automatic asset allocation.
5] Is this new?
The concept is common globally. India is now formally adopting it.
- March 2, 2026 07:36
Stock market
24 stocks including Fino Payments, Adani Green, NCC, Tata Steel, Thermax, New India Assurance will remain on focus on Monday
24 stocks including Fino Payments, Adani Green, NCC, Tata Steel, Thermax, New India Assurance will remain on focus on Monday
Key stocks like Fino Payments, Adani Green, and Tata Steel will be in focus on Monday amid diverse market developments.
- March 2, 2026 07:30
Stock market
Stock Market Updates Latest Updates Consolidated updates
Rupee
• Closed at 90.98/$ vs 90.91/$ previous close
Market At Close
• All major indices down >1%
• Sensex down 950+ points
• Nifty below 25,200
• 45 Nifty stocks in red
Monthly Trend
• Nifty IT biggest loser
• IT index down 19% in Feb
• PSU Bank index at record high
• SBI crosses ₹11 lakh Cr m-cap
• Broader market outperformed benchmark
GDP Update
• Q3 GDP growth at 7.8% (Est 7.6%)
• FY26 GDP seen at 7.6%
• Nominal GDP FY26: ₹345.5 lakh Cr
• Manufacturing growth: 13.3%
• Finance & Real Estate: 11.2%
Overall flow: GDP strong, market weak; promoter stake sales, semiconductor & defence diversification, selective positive corporate actions.
- March 2, 2026 07:26
Stock market
Closing bell 27 Feb 2026 | Nifty
- March 2, 2026 07:20
Technicalcallbuy
Today’s Stock Recommendation: March 2, 2026
- March 2, 2026 07:12
Industryupdate
Maruti Suzuki February Sales Update: Total Sales at 2.13 Lakh Units
Total Sales: 2.13 lakh units vs 1.99 lakh units YoY (Up 7.32%)
Domestic PV Sales: 1.61 lakh units vs 1.60 lakh units YoY (Up 0.6%)
Exports: 39,155 units vs 25,021 units YoY (Up 56.5%)
Poll Check: Missed CNBC-TV18 poll estimate of 2.19 lakh units.
- March 2, 2026 07:06
NSE
Stock Market Live Updates | Tamil | Nifty & Bank Nifty இந்த வாரம் (02 Mar’26 to 06 Mar’26) என்ன ஆகும்? எங்கு செல்லும்?
- March 2, 2026 07:06
NSE
Nifty and Bank Nifty Prediction for the week 02 Mar’26 to 06 Mar’26 by BL GURU
- March 2, 2026 07:03
Industryupdate
Auto Sales Update
- M&M Auto: Total Sales At 97,177 Units Vs Poll Of 98,250 Units (Inline with estimates)
- M&M Tractor: Total Tractor Sales At 34,133 Units Vs Poll Of 33,000 Units (Marginally better than estimates)
- SML Mahindra Feb Auto Sales: Total Sales Up 17% At 1,503 Units Vs 1,288 Units (YoY) (Numbers seen higher YoY)
- Maruti Suzuki Feb Auto Sales: Total Sales At 2.13 Lk Units Vs Poll Of 2.19 Lk Units (YoY) (Numbers trailed with the estimates)
- ESCORTS: Total Sales At 10339 Units Vs Poll Of 10500 Units (Inline with estimates)
- Hyundai: Auto Sales At 66134 Units Vs Poll Of 65500 Units (Marginally better than estimates)
- Eicher Motors CV: Total Sales At 9986 Units Vs Poll Of 10200 Units (Inline with estimates)
- Tata Motors CV: Total Sales At 42940 Units Vs Poll Of 42000 Units (Numbers seen marginally better than estimates)
- VSTTillers: Total Power Tiller & Tractor Sales Up 36.04% At 4,435 Units Vs 3,260 Units (YoY) (Numbers seen better YoY)
- Tata Motors PV: Total Sales At 63300 Units Vs Poll Of 64300 Units (Numbers seen marginally lower than estimates)
- TVS Motors: Total Sales At 5.29 lakh Units Vs Poll Of 5.10 Units (Numbers seen better than estimates)
- Eicher Motors RE: Total Sales At 1.01 lakh Units Vs Poll Of 1.03 lakh Units (Numbers seen inline with the estimates)
- March 2, 2026 06:57
Commodities
OPEC+ is discussing oil output hike of 206,000 bpd, source says
Eight OPEC+ countries have in-principle agreement to raise oil output by 206,000 BPD, says source
- March 2, 2026 06:48
Week Ending: 27 February 2026: What mattered. What didn’t. What it means | This Week in One Frame
India continued its quiet macro reset. Growth metrics were revised. Capital frameworks were rationalised. Energy and defence self-reliance themes strengthened. At the same time, U.S. trade friction resurfaced, reminding markets that export momentum remains geopolitically sensitive.
- March 2, 2026 06:43
Stock market
Index Outlook: Bourses ‘Trumped’
Nifty 50, Sensex and Nifty Bank index were knocked down last week. The indices opened the week with a gap-up but did not see a strong follow-through rise.
The US beginning its attack on Iran over the weekend can drag the benchmark indices further lower. This could keep the sentiment negative for some time.
However, on the charts, long-term supports are there which have the potential to limit the downside from here. So, the fall from here is going to give us a very good buying opportunity.
Read more here
- March 2, 2026 06:33
Technicalcallbuy
Stock to buy today: Mahanagar Gas (₹1219.40)
The stock of Mahanagar Gas Ltd (MGL) has been rallying since early February. It established the uptrend after finding support at ₹1,020. Last week, the scrip gained 7.6 per cent and breached the neckline of an inverted head and shoulder chart set up at ₹1,185. This is a strong indication that the trend has turned bullish.
Read more here
Stock to buy today: Mahanagar Gas (₹1219.40)
Traders can buy the stock now at ₹1,219 and add longs at ₹1,185. Place stop-loss at ₹1,125
Published on March 2, 2026
Credit: Source link
