PRE MARKET
Gift Nifty indicates a weak opening for the broader index in India, with a loss of 788 points or 3.31 percent. The Nifty futures were trading around the 23,786 level.
Wall Street’s three main indexes closed down on Friday amid a sudden setback in the U.S. labor market and a 12% spike in U.S. oil prices due to the escalating conflict in the Middle East.
The Dow Jones Industrial Average fell 0.95% to 47,501.55 points, posting its steepest weekly percentage drop since early April 2025.
The S&P 500 lost 1.33% to 6,740.00 points and had its worst week since mid-October. The Russell 2000 recorded its sharpest weekly fall since early August. The Nasdaq Composite slipped 1.59% to 22,387.68.
Asian markets were trading lower in the early Monday trade, with the Kospi plunging nearly 7.5%, leading a broader regional sell-off as oil prices breached $100 per barrel for the first time since 2022.
Japan’s Nikkei tumbled over 7 percent, falling below the 52,000 mark for the first time since Feb. 6, while the Topix was down 5%.
STOCKS IN NEWS
Max Estates
The company has secured RERA approval for the Max One project in Noida. The 10-acre development, with a 2.5 million sq ft potential, is expected to generate a total sales potential of Rs 2,000 crore, along with an annuity rental income potential of around Rs 120 crore.
Meesho
The company has received an Assessment Order for the Assessment Year 2023–24, along with a Demand Notice from the Income Tax Department, which has raised a tax demand of Rs 1,499.73 crore, including applicable interest.
Kotak Mahindra Bank
The Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha to the board of Kotak Mahindra Bank. Accordingly, Saha has become a Whole-time Director (designated as Whole-time Director – Executive Director) and a Key Managerial Personnel of the bank with immediate effect. Saha has ceased to be a Senior Management Personnel of the bank.
R Systems International
The board has declared an interim dividend of Rs 6 per share for the financial year 2026. The record date for determining the entitlement of shareholders to the interim dividend is March 12.
Yes Bank
The board has approved the appointment of Vinay Muralidhar Tonse as MD & CEO (Designate) of Yes Bank, effective March 12. Tonse will take charge as the MD & CEO of the bank effective April 6, after Prashant Kumar, the current MD & CEO, demits office on April 5.
Source – Moneycontrol
