Asian markets traded mixed amid elevated crude oil prices and as investors assessed the latest developments in the escalating US-Iran war.
Japan's Nikkei 225 declined 0.12% and the Topix fell 0.11%. South Korea's Kospi gained 0.95%.
US stock market ended lower on Friday as investors gauged how the war in Iran was affecting the global oil supply.
Here's a table showing how US stocks performed on Friday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|
Alphabet | 301.46 | -1.75 | -0.58% | 307.26 | 299.78 | 350.15 | 142.66 |
Apple | 250.12 | -5.64 | -2.21% | 256.33 | 249.52 | 288.61 | 169.21 |
Meta | 613.71 | -24.47 | -3.83% | 629.17 | 609.55 | 796.25 | 479.8 |
Tesla | 391.2 | -3.81 | -0.96% | 400.2 | 389.95 | 498.82 | 214.25 |
Netflix | 95.31 | 1 | 1.06% | 95.68 | 94.24 | 134.12 | 75.01 |
Amazon | 207.67 | -1.86 | -0.89% | 210.56 | 206.22 | 258.6 | 161.43 |
Microsoft | 395.55 | -6.36 | -1.58% | 404.8 | 394.25 | 555.45 | 344.79 |
Dow Jones | 46558.47 | -119.38 | -0.26% | 47123.99 | 46494.63 | 50512.79 | 36611.78 |
Nasdaq | 24380.73 | -152.85 | -0.62% | 24786.65 | 24336.53 | 26182.1 | 16542.2 |
Source: Equitymaster
At present, the BSE Sensex is trading 205 points higher, and the NSE Nifty is trading 84 points higher.
Grasim Industries, Hindalco, and Tata Steel are among the top gainers today.
ONGC, Coal India, and NTPC, on the other hand, are among the top losers today.
The BSE 150 Midcap index is trading 0.4% lower, and the BSE 250 Smallcap index is trading 0.7% lower
Sectoral Indices are trading mixed today, with stocks in the energy sector and the IT sector witnessing selling pressure. Meanwhile, stocks in the FMCG sector and the telecom sector are witnessing buying spree.
The rupee is trading at Rs 92.45 against the US dollar.
Tata Motors Secures Pan-India Orders
Tata Motors, India's largest commercial vehicle manufacturer, has secured cumulative orders for more than 5,000 buses and bus chassis from multiple State Transport Undertakings (STUs) across the country, the company announced on Friday.
The orders were awarded through competitive e-bidding under the government procurement system and will be executed in phases as per agreements with the respective state transport authorities.
A significant portion of the orders has been placed by state-run transport bodies such as the Maharashtra State Road Transport Corporation and the Gujarat State Road Transport Corporation, among others.
The contracts cover a range of passenger mobility solutions from the company's portfolio, including the Tata Magna, Tata Cityride, Tata Starbus and Tata Starbus Prime buses, as well as bus chassis models such as the Tata LPO 1618, Tata LPO 1622 and Tata LPO 1822.
IndiGo to Impose Fuel Surcharge
IndiGo on March 16 announced the introduction of a fuel surcharge across all domestic and international routes amid the ongoing conflict in West Asia.
The airline is facing a sharp rise in aviation turbine fuel (ATF) prices triggered by the escalating tensions involving Iran, United States, and Israel in the region, according to a company statement.
Due to the disruption, the airline has adjusted its operations on Middle East routes and will operate 36 daily flights between March 16 and March 28, 2026, significantly lower than the earlier schedule of around 150-160 flights per day.
To partially offset the surge in jet fuel costs, IndiGo has implemented a fuel surcharge effective March 14, 2026. Passengers travelling on domestic and Indian subcontinent routes will pay an additional Rs 425 per sector, while international passengers will be charged a surcharge ranging from Rs 900 to Rs 2,300 depending on the route.
GMR Airports Wins Delhi Cargo
GMR Airports has emerged as the winning bidder to manage the cargo terminal at Indira Gandhi International Airport in Delhi, nearly ten months after airport operator Delhi International Airport Ltd (DIAL) terminated its agreement with Turkish ground-handling firm Celebi Aviation.
DIAL, which operates the national capital's airport, functions under the GMR-led consortium.
In a regulatory filing on Friday, the company said it has received a Letter of Award from DIAL after being selected to upgrade, modernise, finance, operate, manage and maintain Cargo Terminal 1 at the airport.
Earlier, on 15 May 2025, DIAL terminated its cargo concession agreement with Celebi following a directive from the Ministry of Civil Aviation. Since then, the cargo terminal operations had been assigned to GMR Airports on an interim basis to ensure continuity of services.
Dilip Buildcon Wins Odisha Road Project
Dilip Buildcon Limited has emerged as the lowest (L1) bidder for a road construction project worth Rs 1.6 billion, excluding GST, the company announced on March 14.
The project involves constructing a diversion road from 4/700 km to 11/500 km of the Duduka-Gopalpur-Toparia Road in the Sundargarh district of Odisha. The stretch will be developed as a six-lane corridor along with a service road.
The tender was issued by Odisha Bridge & Construction Corporation Limited (OBCCL), and the project will be executed under the Engineering, Procurement and Construction (EPC) model. The company added that the project is expected to be completed within 18 months.
Earlier this week, the company also received a Letter of Intent from REC Power Development and Consultancy Limited (RECPDCL) for the development of a 400 kV substation at Mekhali along with associated transmission lines in the Belagavi district of Karnataka.
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