Nifty 50, Sensex Ended ~2.50% Lower; Rupee Hit ₹94.10 Against The USD & More
- Share.Market
- 10 min read
- 23 Mar 2026
Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.
On Monday, March 23, Nifty 50 and Sensex plunged around 2.50%, driven by massive foreign outflows of ₹88,180 crore this month as a four-week-long war continues to negatively impact the market. Crude oil prices have surged by 50%, triggered by US President Donald Trump’s 48-hour ultimatum to Iran to open the Strait of Hormuz, which carries 20% of global supply, and Iran’s subsequent threats to target regional energy sites.
Adding to inflation concerns, the rupee hit a record low of 94.10 against the USD, making it among the worst-hit Asian currencies and driving up import costs. Gold uncharacteristically fell to ₹1,35,141 per 10g despite its safe-haven status, pressured by a strong US Dollar and financial markets pricing in monetary tightening, which reduces the appeal of non-interest-yielding instruments.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
INFYInfosys has partnered with Formula E to launch an AI-powered Race Centre, utilising its Infosys Topaz platform. This new digital hub provides fans with real-time insights, AI commentary, and interactive gamified features to deliver a deeply immersive race-day experience.
BHARTIARTLBharti Airtel has deployed over 2,750 new 5G sites across 36 districts in Gujarat over the past year. This major network expansion aims to deliver faster speeds and reliable, high-speed connectivity to over 41 million customers across urban and rural areas.
BOSCHLTDBosch Limited and Tata AutoComp Systems have announced an equal joint venture to accelerate India’s e-mobility segment. Expected to begin operations by mid-2026, the partnership will focus on engineering, manufacturing, and selling advanced eAxle systems and electric motors locally.
HINDZINCHindustan Zinc has expanded its partnership with Tata Steel to integrate EcoZen, its low-carbon zinc solution, into sustainable steel manufacturing. Produced using renewable energy, EcoZen features a 75% lower carbon footprint than the industry average, significantly reducing downstream emissions.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 20 Mar 2026 | -5,518.39 | 5,706.23 |
| 19 Mar 2026 | -7,558.19 | 3,863.96 |
| 18 Mar 2026 | -2,714.35 | 3,253.03 |
| 17 Mar 2026 | -4,741.22 | 5,225.32 |
| 16 Mar 2026 | -9,365.52 | 12,593.36 |
| Month-to-Date | -86,780.89 | 1,01,168.6 |
What’s Happening Beyond Markets?
- Foreign Portfolio Investors (FPIs) have pulled out ₹35,475 crore from Indian markets just this week, as per data from National Securities Depository Limited (NSDL). This withdrawal pushes the total FPI outflows for March to a staggering ₹88,180 crore.
- As per the Coal Ministry, India has successfully achieved 1 billion tonnes of coal production for the second consecutive year. This milestone confirms the country’s continued capability to maintain massive domestic production levels.
- The government has officially introduced the Credit Guarantee Scheme for Microfinance Institutions 2.0. This updated initiative is specifically designed to facilitate smoother credit flow and ensure continued financial support for the vital microfinance sector.
- The Ministry of Petroleum and Natural Gas has directed City Gas Distribution (CGD) firms to prioritise Piped Natural Gas (PNG) connections. Additionally, commercial LPG allocations have been increased to ensure supply stability amidst the ongoing geopolitical conflict in West Asia.
- As per the Economic Survey of Delhi 2025-26, the capital’s Gross State Domestic Product (GSDP) is estimated to reach ₹13.27 lakh crore. This figure represents a strong economic growth rate of 9.42%.
Back to Basics
Terms that put you one step ahead – every day
Who is a Swing Trader?
A swing trader is essentially a patient strategist who buys and holds financial instruments for several days to a few weeks. If day traders are sprinters of the stock market, swing traders are the surfers waiting to catch the perfect wave. They thrive on broader market momentum rather than microscopic, second-by-second changes.
Instead of stressing over daily market noise, swing traders aim to capture a significant chunk of an anticipated price movement. Because their timeframe is longer, swing traders don’t need to stay glued to their screens all day. They rely on chart patterns and market trends to predict where a stock is heading next. The ultimate goal is to identify a clear upward or downward trend, ride the momentum, and cash out before the wave breaks.
IPO Corner: Mainboard
Upcoming IPO
| Company | Date | Total Issue Size | Issue Price | Minimum Investment |
| Powerica Ltd. | March 24, 2026 to March 27, 2026 | ₹1,100.00 Cr | ₹375 to ₹395 per share | ₹13,875 |
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back to cut through the noise, so you can focus on investing intelligently.
