Bajaj Finance, Shriram Finance Fall as RBI May Tighten Rules for Upper-Layer NBFCs; Iran ships 11.7 million barrels of crude oil to China & More – Paper by Pocketful
Market Recap: 11th March, 2026
Stock News Highlights
HG Infra Engineering (+6.03%): Stock gained after the company received a ₹401.33 crore order from Anuppur Thermal Energy for executing civil and P-way works to develop railway infrastructure at the 2×800 MW thermal power project in Anuppur.
Waaree Energies (1.02%): Shares rose after its US subsidiary, Waaree Solar Americas, agreed to invest $30 million in United Solar Holdings by subscribing to Series B preferred shares, strengthening its presence in the US solar market.
Bajaj Finance (-4.91%): Shares fall after reports that the RBI may tighten rules for upper-layer NBFCs, potentially removing regulatory advantages over banks in MD/ED tenure and compensation approvals.
Aditya Birla Capital (-2.62%): Stock declined despite the company investing ₹750 crore in Aditya Birla Housing Finance via rights issue and raising ₹755 crore through private placement of non-convertible debentures (NCDs) to investors.
Stock News Highlights
Pharma | Nifty Pharma (+2.55%): Index hit a 52-week high as pharma stocks outperformed the weak market, supported by strong sector growth, rising API prices, and expectations of medicine price hikes, led by gains in Sun Pharma, Glenmark, and Dr Reddy’s Labs.
Energy | Nifty Energy (+2.29%): The index moved higher with 21 stocks rising and 19 falling, as buying was seen in oil, gas, and power stocks. Strong crude prices and improved market sentiment supported the energy sector today.
Auto | Nifty Auto (-3.15%): Index declined sharply as all constituents traded in the red amid rising crude oil prices due to escalating US–Iran geopolitical tensions, which increased cost pressures and margin concerns for auto companies, while persistent FPI selling and profit-booking after the recent rebound added further pressure on the sector.
Private Bank | Nifty Private Bank (-0.59%): Index declined sharply as all 10 constituents closed in the red, with heavy selling in major private lenders amid broad market weakness, profit-booking, and continued FPI outflows weighing on banking stocks
Market Insights
Technical Level: Nifty opened with a flat start, faced resistance near 24,300 in the early session, and remained under selling pressure throughout the day. Continuous decline pushed the index toward support at 23,835, reflecting negative sentiment and profit booking in the market.
Advance-Decline Ratio: Market breadth remained negative, with 1,337 stocks advancing against 1,869 declining, indicating broader selling pressure across the market.
The Big Picture: Iran has shipped over 11.7 million barrels of crude oil to China through the Strait of Hormuz since the war began, despite tensions disrupting global shipping. Several tankers have switched off tracking systems, while Iran also resumed loading at the Jask terminal to maintain and potentially increase crude export capacity.
FII/DII Activity (Mar 10, 2026): DIIs remained net buyers, purchasing equities worth ₹6,333 crore, while FIIs were net sellers, offloading ₹4,672 crore, reflecting negative market sentiment in today’s session.
Watch Out For Tomorrow
IPO Corner: Innovision IPO is set to close tomorrow, giving investors the final opportunity to bid for the issue before the subscription window ends.
Macro: India Inflation Rate YoY (Feb) & USA Balance of Trade (Jan) data are scheduled to be released tomorrow , which may influence global market sentiment.
Index Watch: Nifty opened with a flat start and remained under continuous selling pressure throughout the session. The index broke the key support level of 23,850, wiping out the previous two days’ recovery in a single session. This indicates a strong negative bias in the market, with the next support seen near 23,400, while resistance is placed around 24,300, near the previous day’s closing level.
5-Day Course
Theme: Understanding Bonds (Learn → Evaluate → Use for Stability)
Day 3 – Understanding the Key Risks in Bonds
Bonds are often considered safer than equities, but they are not completely risk-free. Investors should understand a few important risks before investing.
Credit Risk
Credit risk refers to the possibility that the issuer may fail to make interest payments or return the principal amount. Credit rating agencies such as CRISIL, ICRA, and CARE Ratings evaluate this risk.
Bonds with ratings like AAA indicate strong financial health, while lower ratings suggest higher default risk.
Interest Rate Risk
Bond prices move inversely to interest rates, which means that when market interest rates rise, existing bond prices tend to fall.
For example, if you hold a bond paying 6% interest and new bonds start offering 8%, investors may prefer the new bonds, causing the market value of older bonds to decline.
Inflation Risk
Inflation reduces the purchasing power of fixed interest payments. If inflation rises significantly above the bond’s interest rate, the real return from the investment may become quite low.
Understanding these risks helps investors make better decisions rather than assuming bonds are completely safe investments.
Word of the day
Capitulation: A situation in the stock market where investors panic and sell their holdings rapidly, leading to a sharp fall in prices after prolonged selling pressure.