Overview
- Benchmarks rose for a second session, with the Sensex closing at 76,070.84 and the Nifty at 23,581.15, as volatility eased and India VIX fell about 8%.
- Foreign investors sold ₹9,365 crore of equities on Monday while domestic institutions bought ₹12,593 crore, reflecting continued offshore selling pressure countered by local support.
- Sector rotation favored autos, metals and banks, whereas export-oriented tech stocks underperformed and the Nifty IT index hit a 33‑month low.
- Crude traded near $102–104 a barrel as shipping through the Strait of Hormuz remained constrained, and traders looked ahead to the US Federal Reserve decision.
- Corporate highlights included Tata Motors’ up to 1.5% commercial-vehicle price hike from April 1, IndiGo’s fuel surcharge starting March 14, Vedanta’s approved debenture issue of up to ₹2,575 crore, a 15‑year green ammonia supply deal between Reliance Industries and Samsung C&T worth over $3 billion, and a Bloomberg report that Reliance is working with banks on a potential Jio Platforms share sale.