Since 2001, every single time the benchmark index has gone flat for an extended stretch of 17 months, a powerful rally has followed. The average has been a 30% surge in the subsequent 12 months, and a staggering 76% gain over the next 3 years. This is the 14th such episode on record and investors are watching closely.

Morning Update :

NIFTY
Nifty opened with a gap up and traded sideways during the session, ending on a positive note. In the near term, 24,500 is likely to act as a key hurdle, while 24,000 remains the immediate support, with the overall view still sell on rise.

BANK NIFTY
Nifty Bank witnessed a relief rally in the previous session and closed near the day’s high. However, the overall view remains sell on rise as long as the index sustains below the 57,700 level.

Nifty 50

Support Level : 24000
Resistance Level : 24500

Bank Nifty

Support Level : 56300
Resistance Level : 57500

Stocks in news
- IDFC First Bank – Pays ₹645 crore to settle fraud claims with the Haryana government.

- Emami Agrotech – Eyes ₹2,000 crore revenue from the HoReCa and food services segment.

- InterGlobe Aviation (IndiGo) – CEO Pieter Elbers resigns following the airline’s major outage crisis.

- State Bank of India – Reportedly avoiding payments for Russian oil despite US reprieve.

- NALCO – Aluminium price gains support earnings, though other concerns may limit upside.

- Sonata Software – Files bankruptcy plea against a US retail client over payment issues.

- Ather Energy – Plans aggressive expansion with a target of opening more than one store per day in FY27.

- Reliance Industries – Actively following government guidelines to boost LPG production and improve refinery efficiency while redirecting KG-D6 gas for priority needs.

- Imagicaaworld Entertainment – Plans to launch its first Hello Park indoor amusement park in Hyderabad.

- Central Bank of India – Renews co-lending partnership with Capri Global Capital.

- Hindustan Zinc – Partners with CMR Green Technologies for zinc alloy manufacturing in Rajasthan.

- Polycab India – Income-tax demand reduced to ₹575.8 million from ₹3.27 billion.

- Aditya Birla Capital – Invests ₹749.99 crore in Aditya Birla Housing Finance.

Quick Takeaways
- Govt eases China-linked FDI curbs under Press Note 3

- Govt seeks Parliament approval for ₹2.01 trillion extra FY26 spending

- SAT upholds Sebi order against Sahara group firm in ₹14,106 crore OFCD case

- US beauty major Estee Lauder to acquire Ayurveda brand Forest Essentials

- Food delivery ecosystem likely to feel heat as LPG supply dries up

- Indian edible oil buyers move to secure prompt shipments as prices surge

- India widens gates for foreign money from bordering countries including China

- Govt exceeds disinvestment target, boosts revenue with strong dividend collections

- India's small steelmakers face production cuts amid LNG shortages due to Iran war

- Shipping companies, vessel operators told to refrain from predatory pricing amid West Asia conflict

- Currency, tax risks tempering private equity optimism in India, investors say

- India may face $7–8 billion higher monthly import bill as crude surges

- FTAs, strong domestic demand boost MSME prospects: Jitin Prasada

- India securing additional LNG supplies from non-Middle Eastern sources: Govt source

- Middle East conflict: Jawaharlal Nehru Port announces 100% ground rent waiver for stranded containers

 - India now makes 1 in 4 iPhones as Apple assembles entire iPhone 17 lineup

- Aramco CEO warns of oil market ‘catastrophe’ in prolonged Iran war

- SpiceJet MD warns of possible ‘fuel surcharge’ even if crude stays at $90

- Govt invokes Essential Commodities Act, 1955 for stable gas supply

- Flipkart completes shift to India from Singapore as IPO plans gather pace

- Cabinet clears proposal to declare Madurai airport as international airport

*F&O Stocks in Ban :*
- SAMMAANCAP
- SAIL

FIIs

RECORD HIGHEST SELLING IN 2025 BY FIIs IN HISTORY

2025 : -3,06,419 Cr
2024 : -3,02,434 Cr
2023 : -16,510 Cr
2022 : -2,78,429 Cr
2021 : -92,729 Cr

Corporate Actions

SEDEMAC Mechatronics is set to make stock market debut today, March 11. The issue price is fixed at Rs. 1352 per share.

Vega Jewellers has approved issue of Bonus Shares in the ratio of 4:1 i.e., 4 new bonus equity shares for every 1 existing equity share held, subject to necessary approvals.

Dividend

11-Mar-26
BALMLAWRIE: Interim Dividend - Rs. - 4.25
MRPL: Interim Dividend - Rs. - 4.00
SBICARD: Interim Dividend - Rs. - 2.50

12-Mar-26
RSYSTEMS: Interim Dividend - Rs. - 6.00
IOC: Interim Dividend - Rs. - 2.00
SUNTV: Interim Dividend - Rs. - 1.25

13-Mar-26
IRFC: Interim Dividend - Rs. - 1.05
RAILTEL: Interim Dividend - Rs. - 1.00
TTC: Interim Dividend - Rs. - 5.00

16-Mar-26
DICIND: Final Dividend - Rs. - 3.00

IPO
Rajputana Stainless: Open: 09-Mar-26; Close: 11-Mar-26
Innovision: Open: 10-Mar-26; Close: 12-Mar-26
Raajmarg Infra Investment Trust: Open: 11-Mar-26; Close: 13-Mar-26
Skyways Air Services: Open: 18-Mar-26; Close: 20-Mar-26

Buyback
Puretrop Fruits: Ex-Date: 10-Apr-26

Bonus Issue
eClerx Services: Bonus Issue 1:1; Ex-Date: 13-Mar-26
Frontier Springs: Bonus Issue 2:1; Ex-Date: 13-Mar-26
RM Drip and Sprinklers System: Bonus Issue 5:7; Ex-Date: 07-Apr-26

Stock Split
Hindusthan Urban Infra.: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 13-Mar-26
PVV Infra: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 27-Mar-26

Right Issue
BCC Fuba India: Ex-Date: 11-Mar-26
Prabha Energy: Ex-Date: 11-Mar-26
Vertex Securities: Ex-Date: 12-Mar-26
Supra Pacific Financial Services: Ex-Date: 12-Mar-26
Maruti Interior Products: Ex-Date: 12-Mar-26
Sical Logistics: Open: 26-Feb-26; Close: 10-Mar-26
Sadhana Nitrochem: Open: 27-Feb-26; Close: 10-Mar-26
Onelife Capital Advisors: Open: 23-Feb-26; Close: 16-Mar-26
Oneclick Logistics India: Open: 09-Mar-26; Close: 16-Mar-26
AVI Polymers: Open: 23-Feb-26; Close: 17-Mar-26
Bhandari Hosiery Exports: Open: 06-Mar-26; Close: 20-Mar-26
Enbee Trade & Finance: Open: 12-Mar-26; Close: 20-Mar-26
Healthcare Global Enterprises: Open: 11-Mar-26; Close: 25-Mar-26
BCC Fuba India: Open: 19-Mar-26; Close: 27-Mar-26

OMCs Facing Heat

IOC, BPCL, HPCL could see margin pressure amid oil price spike: S&P

https://shorturl.at/Y6ToQ

Zerodha co-founder Nithin Kamath highlighted a structural shift in India's options market, with a surge in weekly options trading making hedging difficult. Trading has concentrated in ultra-short-term contracts, reducing liquidity in longer-dated options crucial for risk management, especially during geopolitical volatility.

via Markets-Economic Times https://ift.tt/CLS24BP

TTK PRESTIGE, STOVEKRAFT, BUTTERFLY GAMDHIMATHI (+VE)

Amazon India spokesperson Over the last two days, sales of induction cooktops have increased over 30X, while rice cookers and electric pressure cookers are seeing a 4X increase.
+
Flipkart Spokesperson The prevailing global condition has led to the induction cooktop from a "kitchen upgrade" into a "survival necessity" for many households Sales volume has quadrupled over the last 4-5 days as compared to the preceding 3-4 weeks

Corporate Actions

Dividend

*12-Mar-26*
RSYSTEMS: Interim Dividend - Rs. - 6.00
IOC: Interim Dividend - Rs. - 2.00
SUNTV: Interim Dividend - Rs. - 1.25

*13-Mar-26*
IRFC: Interim Dividend - Rs. - 1.05
RAILTEL: Interim Dividend - Rs. - 1.00
TTC: Interim Dividend - Rs. - 5.00

*16-Mar-26*
DICIND: Final Dividend - Rs. - 3.00

*IPO*
Innovision: Open: 10-Mar-26; Close: 12-Mar-26
Raajmarg Infra Investment Trust: Open: 11-Mar-26; Close: 13-Mar-26
GSP Crop Science: Open: 16-Mar-26; Close: 18-Mar-26

*Buyback*
Puretrop Fruits: Ex-Date: 10-Apr-26

*Bonus Issue*
eClerx Services: Bonus Issue 1:1; Ex-Date: 13-Mar-26
Frontier Springs: Bonus Issue 2:1; Ex-Date: 13-Mar-26
RM Drip and Sprinklers System: Bonus Issue 5:7; Ex-Date: 07-Apr-26

*Stock Split*
Hindusthan Urban Infra.: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 13-Mar-26
PVV Infra: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 27-Mar-26

*Right Issue*
Vertex Securities: Ex-Date: 12-Mar-26
Supra Pacific Financial Services: Ex-Date: 12-Mar-26
Maruti Interior Products: Ex-Date: 12-Mar-26
Onelife Capital Advisors: Open: 23-Feb-26; Close: 16-Mar-26
Oneclick Logistics India: Open: 09-Mar-26; Close: 16-Mar-26
AVI Polymers: Open: 23-Feb-26; Close: 17-Mar-26
Bhandari Hosiery Exports: Open: 06-Mar-26; Close: 20-Mar-26
Enbee Trade & Finance: Open: 12-Mar-26; Close: 20-Mar-26
Healthcare Global Enterprises: Open: 11-Mar-26; Close: 25-Mar-26
BCC Fuba India: Open: 19-Mar-26; Close: 27-Mar-26

Iran allows Indian oil tankers to pass through Strait of Hormuz after S Jaishankar's call with Abbas Araghchi - India Today https://share.google/LajjY4lYcKXU0MsHz

Finally one good news for relief although koi aur market hota to bhaag jaata 😃

TEJAS , HFCL, ITI , STERLITE TECH ; Govt Approves ₹3.22 Lakh Cr Revival Package for BSNL

• 🏛️ Massive Revival Plan: Centre sanctions ₹3.22 lakh crore support package for BSNL across three phases.

• 💰 Financial Support: Includes capital infusion, debt restructuring, and funding for rural telecom services.

• 📡 Spectrum Allocation: BSNL receives spectrum in 700, 800, 1800, 2100, 2500 & 3300 MHz bands.

• 📶 Network Expansion: Spectrum to support 4G expansion and future 5G rollout.

• 📈 Operational Turnaround: Govt says revival steps have helped BSNL return to operating profits since FY21.

🟢 Impact: Positive (Sector Support)
Government backing strengthens BSNL’s competitiveness and rural connectivity, though it may increase competition for private telecom operators.

‼️China 🇨🇳 now needs $6 of new debt to generate $1 of GDP growth, up from $1 two decades ago.

With population decline, 340% debt-to-GDP, and weak productivity, Beijing is propping up growth by dumping cheap exports globally.

The CCP model has collapsed spectacularly.

Middle East Conflict

Kuwait international airport targeted by multiple drones, infrastructure damaged

https://shorturl.at/gyTRd

MTAR Tech: Clean Energy & Nuclear Powerhouse

Bloom Energy Partnership
- 15-year tie-up with wallet share 50-60% in hotbox supply
- Capacity ramp: 8,000 → 12,000 units FY26, 20,000 units FY27
- Clean energy revenue: ₹417 Cr FY25, ₹637 Cr FY26 expected

Nuclear Upside
- ₹500+ Cr order for Kaiga Units 5 & 6
- ₹1,500-2,000 Cr nuclear opportunity pipeline

Key Metrics
- 60%+ revenue from exports
- Mcap: ~₹10,996 Cr | TTM Sales: ~₹753 Cr | EV/EBITDA: 73.9x

Key Takeaway
MTAR's Bloom capacity expansion + nuclear pipeline positions it for explosive clean energy growth amid global export strength.

Corporate Actions

Jagsonpal Pharmaceuticals approved a proposal to buyback up to 16,00,000 equity shares represents 2.4% of the total equity shares for an aggregate amount not exceeding ₹ 40 crores at buyback price of ₹250/- per Equity Share through Tender Offer method, subject to shareholders approval.

Dividend

13-Mar-26
IRFC: Interim Dividend - Rs. - 1.05
RAILTEL: Interim Dividend - Rs. - 1.00
TTC: Interim Dividend - Rs. - 5.00

16-Mar-26
DICIND: Final Dividend - Rs. - 3.00

IPO
Raajmarg Infra Investment Trust: Open: 11-Mar-26; Close: 13-Mar-26
Innovision: Open: 10-Mar-26; Close: 17-Mar-26
GSP Crop Science: Open: 16-Mar-26; Close: 18-Mar-26

Buyback
Puretrop Fruits: Ex-Date: 10-Apr-26

Bonus Issue
eClerx Services: Bonus Issue 1:1; Ex-Date: 13-Mar-26
Frontier Springs: Bonus Issue 2:1; Ex-Date: 13-Mar-26
RM Drip and Sprinklers System: Bonus Issue 5:7; Ex-Date: 07-Apr-26

Stock Split
Hindusthan Urban Infra.: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 13-Mar-26
PVV Infra: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 27-Mar-26

Right Issue
5paisa Capital: Ex-Date: 17-Mar-26
Onelife Capital Advisors: Open: 23-Feb-26; Close: 16-Mar-26
AVI Polymers: Open: 23-Feb-26; Close: 17-Mar-26
Bhandari Hosiery Exports: Open: 06-Mar-26; Close: 20-Mar-26
Enbee Trade & Finance: Open: 12-Mar-26; Close: 20-Mar-26
Healthcare Global Enterprises: Open: 11-Mar-26; Close: 25-Mar-26
BCC Fuba India: Open: 19-Mar-26; Close: 27-Mar-26
Prabha Energy: Open: 20-Mar-26; Close: 27-Mar-26
Supra Pacific Financial Services: Open: 20-Mar-26; Close: 27-Mar-26
5paisa Capital: Open: 27-Mar-26; Close: 10-Apr-26

MARKETS: 3RD DAY SLIDE CONTINUES

Index Action
- Nifty/Sensex -0.8%
- Weekly loss: 4%; March YTD: -7%

Sector Bloodbath
- Metals, Auto, Banks, IT down >1%
- Top Nifty Losers: Tata Steel, L&T, UltraTech, HDFC Bank, Indigo, Infosys

Sector Standouts
- Gainers: Power Grid, Coal India, ITC
- Power theme hot: NTPC Green, Adani Total Gas, Adani Power +4%

Key Takeaway:
Broad selloff spares power/coal—defensive rotation accelerates.

Laurus Labs In Focus – Big Fall In Export Data

Export data falls 47% YoY to $36 million in February 2026

W.e.f. today, the US has lifted sanctions on Russian oil.

India had already been proactive on this front — nearly half of our crude oil imports now come from Russia, ensuring energy security.

On the gas front, India has boosted domestic production and secured long-term supply arrangements with Canada, the US, and Norway.

Meanwhile, PM Modi spoke with Iran’s President yesterday. While discussions are ongoing, it’s notable that two Indian ships successfully passed through the Strait of Hormuz two days ago (per NDTV & Reuters).

As US Colonel Douglas Macgregor recently remarked:

“The only leader who maintains good relations with both Israel and Iran is Narendra Modi. India is growing in power & influence”

Rs 24 lakh Crore Selloff

Nifty falls 3,000 points from Jan 2 peak: check top losers

https://tinyurl.com/yc2455fp

Sansera Engineering In Focus

This multibagger company is powering Airbus and Boeing with a Rs 3,800 crore order backlog.

https://tinyurl.com/bdffr6k3

Watch Mr. Lokesh Sethia Live in Discussion on ET NOW SWADESH https://www.youtube.com/live/pCAtop42Lgc?si=J8H6gdPHLu5LG74K