Sensex Today Plunges 1,200 Points | Nifty Above 22,800 | Banking Stocks Bleed

Mon, 23 Mar 10:30 am

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Asian markets slumped on Monday as escalating US-Iran war weighed on investor sentiment.

US stock market ended sharply lower on Friday, with the S&P 500 closing at its lowest in six months, as the US-Israeli war against Iran entered its fourth week.

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	298.79	-6.94	-2.27%	304.37	296.75	350.15	142.66
Apple	247.99	-0.97	-0.39%	249.20	246.00	288.61	169.21
Meta	593.66	-13.04	-2.15%	603.96	587.25	796.25	479.80
Tesla	367.96	-12.34	-3.24%	379.89	364.46	498.82	214.25
Netflix	91.82	0.08	0.09%	91.88	90.69	134.12	75.01
Amazon	205.37	-3.40	-1.63%	207.54	204.32	258.60	161.43
Microsoft	381.85	-7.17	-1.84%	387.00	380.12	555.45	344.79
Dow Jones	45577.47	-443.96	-0.96%	46068.31	45369.39	50512.79	36611.78
Nasdaq	23898.15	-457.12	-1.88%	24267.33	23759.97	26182.10	16542.20

Source: Equitymaster

At present, the BSE Sensex is trading 1,281 points higher and NSE Nifty is trading 400 points lower, as factors like escalating war between Iran and US, declining rupee and others continued to weigh on market sentiment.

Tata steel, SBI and HDFC bank are among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

The BSE 150 Midcap index is trading 2.1% lower and the BSE 250 Smallcap index is trading 2.2% lower.

Sectoral indices are trading negative today with stocks in banking sector and metal sector witnessed selling pressure.

The rupee is trading at Rs 93.86 against the US dollar.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Speaking of stock markets, Rahul Shah, Research Analyst at Equitymaster, says short-term news creates noise, while investors should focus on long-term growth and think in terms of a 7-year horizon.

He highlights choosing resilient companies with strong finances, low volatility, and reasonable valuations to reduce risk. He also explains that a disciplined, data-based approach helps avoid emotional decisions and improves long-term returns.

Watch to know more.

RITES Secures Major Railway Maintenance Contract

RITES Limited has received a Letter of Acceptance (LOA) from Research Designs and Standards Organisation (RDSO), located in Lucknow.

The contract is for maintaining a dedicated railway test track between Gudha and Thathana Mithri stations in the Jodhpur division of North Western Railway. This is a comprehensive maintenance project.

The order has been awarded by a domestic (Indian) government organization, and the contract is also domestic in nature. The total duration of the project is 60 months from the date the LOA is issued.

The value of the contract is approximately Rs 1.05 billion (bn).

Tata Steel Expands Sustainable Steel Production

Tata Steel has achieved an important milestone in sustainable steel production by launching a new Electric Arc Furnace (EAF) facility at Hi-Tech Valley in Ludhiana.

The plant has been built with an investment of around Rs 320 bn and has a production capacity of 0.75 million tonnes per year. It is designed to produce steel with very low carbon emissions, supporting the company's goal of achieving net zero emissions by 2045.

The facility will use nearly 50% renewable energy and operate entirely on steel scrap, with about 40% sourced from its recycling plant in Rohtak. It will manufacture construction-grade steel under the 'Tata Tiscon' brand, helping strengthen the company's presence in the construction market.

MM Forgings Plans Fundraising and Capital Increase

MM Forgings Limited has scheduled a Board Meeting on Wednesday, 25 March 2026. In this meeting, the Board will consider and approve key matters related to fundraising and corporate actions.

The company plans to raise funds by issuing equity shares or other eligible securities through permitted methods such as Qualified Institutional Placement (QIP), subject to necessary regulatory approvals and shareholder approval.

The Board will also consider increasing the authorized share capital of the company. This will require changes to the Memorandum of Association and/or Articles of Association, along with approval from shareholders and relevant authorities.

For these matters, shareholder approval may be obtained through an Extra-Ordinary General Meeting or postal ballot, as decided by the Board.

MM Forgings Limited is a leading world-class manufacturer of metal forgings, operating with a strong pan-India presence and serving various industrial segments. Its business caters to diverse sectors such as commercial vehicles, passenger cars, agriculture, and engineering, demonstrating a wide market reach.

To know what's moving the Indian stock markets today check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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