SHARE MARKET CRASH: Investors lose nearly Rs 10 lakh crore as Sensex down 1,123 pts, Nifty50 below 24,500, Nifty Bank slides 1,084 pts—HIGHLIGHTS

SHARE MARKET CRASH: Investors lose Rs 9.9 lakh crore in a day  

Investors lose Rs 9,93,593.8 crore worth of wealth in a day as BSE-listed firms' mcap falls to Rs 447 lakh crore at the end of the day's trade versus Rs 456.91 lakh crore on Monday, according to provisional exchange data. 

Dalal Street observed a holiday on Tuesday for Holi.  

STOCK MARKET CRASH | CLOSING BELL: Sensex loses 1,123 pts, Nifty gives up 24,500, Nifty Bank nosedives 1,084 pts

• Sensex down 1,122.7 pts -- or 1.4 per cent -- at 79,116.2 
• Nifty50 down 385.2 pts -- or 1.6 per cent -- at 24,480.5 
• Nifty Bank down 1,084.4 pts -- or 1.8 per cent -- at 58,755.3
• 46 Nifty50 losers, Tata Steel (down 7.1%), TMPV (5.3%), SBI Life (5.0%) worst hit
• Bharti Airtel (up 1.9%), CIL (1.9%), Infosys (1.3%) among gainers

SHARE MARKET CRASH LIVE: Petronet LNG, MGL, Force Motors, Aegis Vopak Terminals worst hit among 450 BSE 500 losers

Balrampur Chini soars 7 per cent -- the top gainer in the bourse's broadest index.

SHARE MARKET CRASH LIVE: Rupee sinks past 92 vs dollar for first time ever

The rupee weakens past the 92 per dollar mark for the first time.

The INR tumbles to an all-time low of 92.30 against the greenback, breaching its previous low of 91.98 registered in January.

Read more on INR vs USD

STOCK MARKET CRASH UPDATE: Dow futures down 121 pts, Asian equities off day's lows 

MSCI's broadest index of Asia Pacific shares ex-Japan is down 4.2 per cent now, off lower levels recorded earlier in intraday trade. 

SHARE MARKET CRASH LIVE: European equities begin day on cautious note; Stoxx 600 ekes out mild gain 

European shares start the day on a cautiously positive note, with the pan-regional Stoxx 600 gauge up 0.1 per cent at the last count. 

The UK's FTSE 100 is flat while France's CAC and Germany's DAX barometers are up 0.3 per cent and 0.7 per cent, respectively. 

SHARE MARKET CRASH LIVE: Nifty50's first recovery target is 24,600, says market guru  

The market guru adds that the next targets, if the indices sustain these levels, will be 24,825 for Nifty50 and 59,825 for Nifty Bank. 

• Weakness could intensify if Nifty50 breaks 24,300 and Nifty Bank falls below 58,350
• Next major downside targets will then be 24,000-24,175 and 57,800-58,100

SHARE MARKET CRASH LIVE: If Nifty50 closes below 24,300 and Nifty Bank below 58,350...

​Market wizard Anil Singhvi points out that closing levels below 24,300 and 58,350 in the Nifty50 and Nifty Bank indices will lead to further weakness in the market, respectively. 

Here's what he says: 

• A recovery can still be expected
• The first recovery targets for Nifty50 and Nifty Bank are is 24,600 and 59,150, respectively 

SHARE MARKET CRASH LIVE: Can you expect an intraday recovery? Anil Singhvi weighs in

• After the gap-down opening, Nifty50 has been trading in a narrow range 
• The index bounced back from the 25,300 stop-loss level 
• Nifty Bank found strong support near 58,425 

SHARE MARKET CRASH LIVE: Anil Singhvi lists key triggers behind fall

Here's what the market guru says: 

• No sign of the Middle East war easing anytime soon
• No reassuring statements from either side so far
• Crude oil remains firm at $83/barrel
• Full normalcy yet to return to the Strait of Hormuz
• INR hits a lifetime low with sharp weakness
• A surge in India VIX signals higher volatility and weakness
• Dow and Nasdaq futures still trading weak
• Heavy selling across Asian markets
• Strong selling in midcap and smallcap stocks
• Continued pressure from FII selling visible on screens 

SHARE MARKET CRASH LIVE: Stocks in action as D-Street enters final 90 mins of trade 

Here's how market guru Anil Singhvi describes intraday moves in four buzzing stocks: 

NALCO

The stock is looking strong in a weak market

Solar Industries

Defence stocks are looking strong

SAIL

Steel stocks are falling sharply

Bank of Baroda 

PSU banks are staging strong moves

STOCK MARKET CRASH LIVE: Goldman Sachs maintains positive outlook on defence space

Goldman Sachs points out that India's Ministry of Defence has signed orders worth Rs 5,080 crore for the acquisition of six Advanced Light Helicopters (ALH) Mk-III (Maritime Role) for Indian Coast Guard and Surface-to-Air Vertical Launch (VL)-Shtil missiles for the Indian Navy. While the ALH Mk-III (MR) order has been signed with HAL, the VL-Shtil missile order has been signed with Russia's JSC Rosoboronexport, it notes. 

The brokerage expects this order momentum to sustain. 

It also sees medium-term positive tailwinds from favourable budget and steep rise in the Acceptances of Necessity (AoNs). 

The brokerage has a 'buy' call each on Solar Ind and PTC Ind. 

It continues to like BEL ('buy') among defence PSUs.

SHARE MARKET CRASH LIVE: Middle East conflict creates near-term pressure for aviation, says HSBC

According to the brokerage, Geopolitical tensions have forced Indian carriers to cancel all flights to the region and some regions in Europe, with IndiGo's 20 per cent, SpiceJet's 32 per cent and Air India's 40 per cent-plus capacity likely affected.

Apart from the direct losses due to cancellations, any spike in oil  prices could also dent their profitability, adds HSBC. 
 

SHARE MARKET CRASH LIVE: Buy L&T shares at a discount? See what brokerage target indicates

Analysts say the Gulf situation may impact margins due to the company’s significant presence in the area.

CLSA has maintained an 'accumulate' call on the construction giant with a target of Rs 4,842. 

According to the brokerage, a potential blockade of the strait of Hormuz for the whole of March could shave 1.8 per cent off L&T’s consolidated EPS. 

Read more on L&T shares

STOCK MARKET LIVE UPDATE: Long-drawn Middle East tensions could lead to higher crude oil rates, says CLSA

CLSA has warned that long-drawn Middle East tensions could lead to a higher crude oil prices for a prolonged period. 

Here's how the brokerage views various sectors in India: 

• Metals Better Placed: Rise in global energy prices would shift global cost of production higher 
• Cement: Fuel costs are likely to rise as coal/petcoke used in kilns are largely imported; every $10/tonne rise in coal/petcoke leads to Rs 40-50 impact on EBITDA/tonne (4-7 per cent) 
• Durables: Don't see any direct impact except for Voltas as 20 per cent of its projects order book is international 
• EMS: Companies with export exposure (largely to Europe/US) could get impacted due to larger lead times/higher freight costs 

STOCK MARKET CRASH LIVE: BPCL, IOC, HPCL tumble with crude near $82/barrel—Is more pain ahead for OMC stocks?

OMC stocks continue to be under selling pressure amid a sharp spike in crude oil prices fuelled by escalating tensions in the Middle East. Brent crude prices have risen past the $82 per barrel mark rallying nearly 12 per cent in two days -- their sharpest rise since 2020.

The spike followed heightened geopolitical risks in the Middle East and comments by Donald Trump, who said the US would provide insurance guarantees and naval escorts to ensure safe passage for vessels through the Strait of Hormuz.

Read more

SHARE MARKET CRASH LIVE: Investors poorer by Rs 10.55 lakh crore in a day amid rising Middle East conflict tensions

Investors have lost Rs 10.55 lakh crore in wealth in a day, with the market capitalisation of BSE-listed companies at Rs 446.35 lakh crore at this hour as against Rs 456.91 lakh crore at the end of the previous day's trade, according to provisional exchange data. 

SHARE MARKET CRASH LIVE: JPMorgan says Middle East conflict could have some implications for Indian metal and mining stocks

JPMorgan sees potentially near-term bullish risks for aluminum producers Vedanta and Hindalco. According to the brokerage, the Iran-Israel conflict in the Middle East could have some implications for metal and mining stocks on Dalal Street. 

The brokerage expects minimal supply chain disruption in coal because the Suez Canal now accounts for only 1.0 per cent of seaborne met coal and thermal coal supply. 

It anticipates a minimal supply chain impact for steelmakers and limited upside risk for Coal India. 

SHARE MARKET CRASH: Goldman Sachs assigns 'buy' to Lenskart

Goldman Sachs initiates coverage on Lenskart with a 'buy' call and a target price of Rs 635. 

According to the brokerage, Lenskart has:

• A long runway for growth 
• A strong business model to address the country's fast growing eyewear total addressable market 
• A widening moat with competitive advantages in supply chain and digital technology 
• Structural drivers for margin expansion 
• Large headroom for formalisation in eyewear by branded chains like Lenskart 

MARKET CRASH LIVE: JPMorgan initiates coverage on Groww, target Rs 210

JPMorgan has initiated coverage on Groww with an 'overweight' rating and a target price of Rs 210. 

The target implies an upside of 34 per cent from the current level. 

Here's what the brokerage says:

• Most lucrative India-listed consumer Internet platform 
• Consistent share gainer
• Dominating aspirational investors 
• Strong cross-selling credentials could help it outgrow market 
• Significant earnings power from platform leverage 
• Cheapest India Internet platform with the largest profit pool 

MARKET CRASH LIVE UPDATE: Dow futures down 150+ pts post heavy losses across Asia  

Dow Jones Industrial Average (DJIA) futures are down 180.7 points -- or 0.4 per cent -- at 48,320.5 at this house, signalling a muted start ahead on Wall Street. 

MSCI's broadest index of Asia Pacific shares outside Japan -- a crucial indicator of overall Asian markets -- is down 4.6 per cent. 

Here's how major Asian markets fared today: 

• Japan's Nikkei 225: Down 4.1%
• Singapore's Straits Times: Down 2.7%
• Hong Kong's Hang Seng: Down 2.8%
• South Korea's KOSPI: Down 13.7%
• China's Shanghai Composite: Down 1.0%

SHARE MARKET CRASH LIVE: IRGC takes full control in Strait of Hormuz, say reports 

According to foreign media reports, the Islamic Revolutionary Guard Corps (IRGC) has taken full control in the Strait of Hormuz. 

What makes the waterway crucial for India is its geographical location as nearly 60 percent of the country's crude oil imports and a significant portion of its LNG supplies pass through it.

Any disruption in the region can spike oil and gas prices in India almost immediately.

STOCK MARKET CRASH @ NOON: Sensex down over 1,400 pts, Nifty50 10 pts below 24,400 mark

• Sensex: Down 1,417.8 points, or 1.8 per cent, at 78,821.1
• Nifty50: down 475.5 points, or 1.9 per cent, at 24,390.2

SHARE MARKET CRASH: Raymond Lifestyle, REC, RVNL scale 52-week highs

SHARE MARKET CRASH: SBI Card, Tata Elxsi, Swiggy, DLF, IEX, Naukri, REC, Brigade Enterprises hit 52-week lows 

STOCK MARKET CRASH: More than 600 stocks hit 52-week lows 

BSE data shows that more than 600 scrips have already hit 52-week lows for the day. 

On the flipside, close to 50 stocks have managed to scale 52-week peaks.  

SHARE MARKET CRASH: Market breadth extremely negative, advance-decline ratio at 1:3

Overall market breadth is extremely negative, with three stocks falling for every scrip rising on BSE in late morning deals. 

On the bourse, 852 stocks are in the green while 3,193 counters are struggling below the flatline. 

SHARE MARKET CRASH: Broader indices plunge 2-2.5%; sentiment negative

HOLI SPECIAL STOCKS: 'Colourful' scrips as India celebrates festival of colours

Here's what the market guru says about these stocks: 

BSE 

• No stock like BSE
• Asset-light business model
• We recommended holding positions until NSE launches IPO
• Strong margins
• Cash-rich company
• Dividend-paying company

Vedanta 

• Strong dividend payer 
• Valuation attractive
• Realisations improving 

SBI

• India's largest bank
• Strong profit growth, both standalone & consolidated 
• Strong guidance

Divi's Labs

• Scope for growth given the external environment
• Strong CDMO volume growth prospects

Read more

HOW TO NAVIGATE MIDDLE EAST CRISIS ON D-STREET: Which stocks to buy?

Brokerages have lined up the following 'buy' calls: 

• HSBC maintains ‘buy’ on InterGlobe Aviation (IndiGo), target Rs 5,860
• Goldman Sachs retains ‘buy’ on Solar Industries, target Rs 18,900
• Goldman Sachs keeps 'buy' on PTC Industries, target Rs 24,750
• Goldman Sachs maintains 'buy' on BEL, target Rs 470
• Macquarie maintains ‘outperform’ on L&T, target Rs 4,910

Read more

SHARE MARKET CRASH: CITI maintains 'buy' on GAIL

• Citi maintains 'buy' call on GAIL, target Rs 195
• Citi maintains 'sell' on Gujarat Gas, target Rs 380
• Citi maintains 'sell', target Rs 245

SHARE MARKET CRASH: Upstream companies could benefit from higher crude oil rates as long as no windfall tax, says CITI

According to CITI: 

• Upstream companies -- such as ONGC -- could benefit from higher oil prices provided the government does not reimpose a windfall tax 
• Oil marketing companies -- IOC, BPCL and HPCL -- may face margin pressure
• Reliance Industries could gain in its O2C segment from stronger refining margins, particularly in diesel 

SHARE MARKET CRASH: Here's how energy basket fares at this hour

SHARE MARKET CRASH: Middle East conflict poses bigger risk to gas value chain than to oil, says CITI

According to CITI: 

• India sources around 40-50 per cent of its LNG supply from Qatar 
• Global gas prices are already elevated
• Fully replacing disrupted supply would be tough 
• Petronet LNG could face higher volume risk
• GAIL may see pressure on its gas transmission volumes
• Within the CGD space, Gujarat Gas is more at risk due to its higher dependence on Qatar and spot LNG

SHARE MARKET CRASH: Cost of capital, 10-year bond yield, interest rates set to rise, says Saurabh Mukherjea

Saurabh Mukherjea believes that the Indian economy is likely to bear the burden of the following three this year: 

• Cost of capital set to rise
• 10-year bond yield set to rise
• Interest rates set to rise 

SHARE MARKET CRASH: Times have changed, focusing on one segment or one country to make money may not work, says Saurabh Mukherjea

Here's what the market expert says: 

• Indian government likely to stay focused on exports given INR weakness vs USD 
• The worst is not behind for markets yet  
• Russia is set to benefit from the Iran-Israel conflict 
• Power plant capex set to increase going forward
• Investors need to stay alert and avoid acting on government assurances globally 
• Diversification is the best bet in this scenario 

SHARE MARKET CRASH: Good time to design a diversified portfolioin smallcap stocks, says Saurabh Mukherjea

Here's what Saurabh Mukherjea says: 

• Diversification benefits are visible during such times
• This is a good time to design a diversified portfolio  
• Keep 1/3rd exposore each to India, developed markets, precious metals 
• Defensive stance needed in smallcap stocks  

SHARE MARKET CRASH: Defence, drone, fighter jet demand set to rise, Saurabh Mukherjea

Marcellus Investment Managers' Saurabh Mukherjea says: 

• Markets are under pressure amid fears of a prolonged conflict in the Middle East 
• Concerns about gas supplies in case of prolonged US-Israel-Iran war 
• Shortage of gas supplies may impact fertiliser sector 
• Interest rates, cost of capital set to increase 
• Defence, drone, fighter jet demand set to rise 

SHARE MARKET CRASH: 4 Sensex gainers 

Infosys, Tech Mahindra, BEL and Eternal are holding on to the green with gains of 0.2-1.5 per cent. 

On the other hand, L&T, Tata Steel and IndiGo continue to be the top losers in the 30-scrip basket. 

SHARE MARKET CRASH: Dalal Street off day's lows, Sensex down around 1,450 pts 

The Sensex is down 1,461.4 points, or 1.8 per cent, at 78,777.5 at this hour, while the Nifty50 is down 470 points, or 1.9 per cent, at 24,395.7. 

HOW TO NAVIGATE STOCK MARKET CRASH: Sandeep Jain's pick

Tradeswift's Sandeep Jain is positive on ICRA:   

• Fundamentally strong
• Targets: Rs 6,350 and Rs 6,530
• Timeframe: 9-12 months 

SHARE MARKET CRASH: De-escalation talks likely this week, says Ajay Bagga 

Here's what market veteran Ajay Bagga says: 

• Neither side has the capacity to continue the war for 4-5 weeks
• De-escalation talks are likely this week
• Disrupted oil supplies through the Strait of Hormuz will keep prices elevated
• Trump will not let that happen   
• China has also called for 

SHARE MARKET CRASH: What to make of Trump's latest remarks? Ajay Bagga weighs in

US has indicated its intent to continue the escalation for 4-5 weeks; Iran is open to peace talks

How is the market interpreting these signals?

Here's what market veteran Ajay Bagga says: 

• Trump has already made contradicting statements in the Middle East crisis
•  Markets are pricing in prolonged escalations 
• But weaponry may not last for so long
• Western nations do not have interceptors in abundance 
• Once the stockpiles deplete, it will be difficult to continue the war
• Once airlines return to normalcy, sentiment will turn positive
• Main concern is disruptions in oil supplies
• All in all, understanding is what matters when it comes to buying amid geopolitical risks
• Nobody knows where Iran will stop at this point
• This is what's keeping markets nervous 

HOW TO NAVIGATE SHARE MARKET CRASH: Siddharth Rai Mangala's pick  

Siddharth Rai Mangala of Sidinvesting Financial Services likes Emcure Pharma shares. 

Here's what he thinks:

• The stock has completely ignored market weakness
• It has staged good resilience 
• A reverse head-and-shoulder pattern appears to be forming in the stock 
• One can buy this stock at the current levels 
• Medium-term targets: Rs 1,600 and Rs 1,650 
• Stop loss: Rs 1,425  

HOW TO NAVIGATE STOCK MARKET CRASH: Siddharth Sedani's 'summer collection' picks

'Summer collection' picks by Anand Rathi Shares and Stock Brokers' Siddharth Sedani: 

• Blue Star | Target: Rs 2,180
• Havells India | Target: Rs 1,620
• Varun Beverages | Target: Rs 600
• UBL | Target: Rs 2,100

Sedani recommends these calls with a timeframe of 3-6 months. 

HOW TO NAVIGATE SHARE MARKET CRASH: Jay Thakkar's strategy

ICICI Securities' Jay Thakkar recommends the following spread: 

• Buy 24,450 Nifty50 call option at Rs 300-303
• Sell 24,850 Nifty50 call at Rs 122-125
• Cost to apply this strategy: 180

HOW TO NAVIGATE MARKET CRASH: Astha Jain says TechM has support at Rs 1,320-1,313 

According to Hem Securities' Astha Jain: 

• Too soon to say that the worst is behind for Tech Mahindra shares 
• Avoid fresh positions for now
• Can hold on to existing positions for now
• Exercise 'wait and watch'
• Strong support stands at 1320-1313

HOW TO NAVIGATE STOCK MARKET CRASH: Sandeep Jain's pick

Tradeswift's Sandeep Jain is bullish on  EID Parry India. Here's what he says:   

• It is a good company
• Fundamentally strong
• Valuation attractive
• This is one of the oldest listed companies
• The business has endured several crises
• It is the holding company of Coromandel Fertiliser
• Quarterly results great 
• Strong pedigree
• Target: Rs 1,030 

SHARE MARKET CRASH: Coal India among top gainers; what's helping Maharatna PSU stay positive?

Market veteran Ambareesh Baliga is bullish on Coal India, with the stock defending its gains steadily despite the market-wide sell-off. 

Baliga points out that the PSU has staged 7-8 quarters of improving earnings as well as efficiency.  

He expects a 10-12 per cent upside from the urrent levels over the medium term and 18 per cent over the long term.  

SHARE MARKET CRASH: Infosys, Coal India shrug off market-wide sell-off, gain 2%

SHARE MARKET CRASH: Most Nifty50 stocks in red; Larsen & Toubro, Tata Steel, Shriram Finance worst hit, down 4%

SHARE MARKET CRASH: Sensex tanks over 1,650 pts, Nifty below 24,400

All sectors deep in red; 44 index stocks fall

GIFT Nifty LIVE: How are markets likely to behave going forward? Anil Singhvi explains

• Market reaction could mirror the pattern seen during the Russia-Ukraine war 
• The Israel-Iran war may be prolonged 
• One should avoid taking hasty decisions 
• Sectors that rallied sharply in recent days face the risk of correction 
• Panic-led profit-booking could hit strong stocks such as PSU banks and capital goods 
• There will be time to accumulate, so stay prepared 

GIFT Nifty Futures Fall: Why is the contract so weak? Market guru Anil Singhvi weighs in

• The sharp spike in crude oil; oil movement through the Strait of Hormuz has been disrupted 
• Qatar -- the world’s largest gas producer -- has halted production 
• Iran carried out attacks on oil facilities in Gulf countries 
• It is now too late for talks with Iran: Donald Trump
• The US president has indicated the war could last more than 4-5 weeks.
• The Dollar Index is near a 6-month high of 100 
• Escalation in the war, with almost all Gulf countries getting drawn in 

SHARE MARKET LIVE: What latest Trump remarks signal

US President Donald Trump has said that the US government will provide insurance to tankers in the region and the Navy will escort them through the Strait of Hormuz, if needed.

Iran has ⁠fired missiles and drones at neighboring Arab states that host US bases, and strangled shipping through the Strait of Hormuz, according to foreign media reports.

The American president also said that the US military has hit ​numerous Iranian naval and air targets, stating that "just about everything has been knocked out".

Analysts say that it will be important to look out for signs of peace negotiations and, in particular, clarity on the impact on global supplies over the next few months.

GIFT Nifty LIVE: Middle East geopolitical tensions remain in spotlight

Israel and US forces continue to target several regions in Iran, resulting in Tehran's retaliatory strikes across the Gulf, with the conflict already having spread to Lebanon.

The Middle East geopolitical situation has already rattled global markets and sent oil prices soaring.

Iran has ⁠fired missiles and drones at neighboring Arab states that host US bases, and strangled shipping through the Strait of Hormuz, according to foreign media reports.

GIFT Nifty LIVE: Contract tumbles 550 pts, signals a major gap-down opening on D-Street

The Middle East is set to remain in focus on Dalal Street once again, with investors globally tracking the latest updates in the ongoing Iran-Israel conflict in the region.

GIFT Nifty futures -- an early indicator of the Nifty50 benchmark -- have plunged around 550 points, or 2.2 per cent, to 24,431.5 about an hour ahead of the opening bell in Mumbai, signalling a sharply negative start to the day.