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NEWS U CAN USE
Mar 13, 2026
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The Week that was…
09th Mar to 13th Mar
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Indian Economy
•India’s Consumer Price Index (CPI)-based inflation rose to 3.21% YoY in Feb 2026,
compared to 2.74% in Jan 2026, amid trade uncertainty and geopolitical tensions in the
Middle East. Food price inflation also increased to 3.47% YoY in Feb 2026, up from 2.13%
in Jan 2026.
•The Lok Sabha has cleared Rs. 2.01 lakh crore in additional spending for FY 2025-26, after
accounting for Rs. 80,000 crore in extra receipts. Finance Minister said the fiscal deficit will
remain unchanged at 4.4% as per the Revised Estimates, with total expenditure revised
down to Rs. 49.65 lakh crore.
•According to the government data, India’s wheat production for 2025–26 is estimated at
120.21 million tonnes, a 2% increase from the previous year, while total rabi crop output is
projected to rise 3.16% to 174.51 million tonnes. Pulses output is expected to grow 7%,
with oilseeds and other cereals also showing positive production trends.
•According to the latest data from the Department of Investment and Public Asset
Management, the government’s combined disinvestment and asset monetisation receipts
have reached Rs. 34,400 crore, surpassing the revised estimate of Rs. 33,847 crore, while
dividend collections from CPSEs have totalled Rs. 70,577 crore, nearly hitting the annual
target and strengthening revenue flows needed to meet the FY26 fiscal deficit goal.
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4
Domestic Equity Market Indices
Indices
13-Mar-26
1 Week Return
YTD Return
BSE Sensex
74,563.92 -5.52% -12.50%
Nifty 50
23,151.10 -5.31% -11.40%
BSE Mid
-Cap 42,154.34 -4.48% -10.22%
BSE Small
-Cap 45,165.46 -3.66% -12.34%
Source: Refinitiv Values as on Mar 13, 2026
•Domestic equity markets declined for
the third straight week, with
benchmark indices BSE Sensex and
Nifty 50 falling by 5.52% and 5.31%,
respectively.
•Domestic equity markets declined,
weighed down by a sharp rise in crude
oil prices, which surged past $100 per
barrel amid escalating geopolitical
tensions in West Asia involving Iran,
Israel, and the U.S. The spike in crude oil
prices has intensified concerns over
inflationary pressures and potential
risks to India’s broader macroeconomic
outlook. A depreciating rupee and
continued selling by foreign
institutional investors further
dampened investor sentiment.
Ratios
BSE Sensex
Nifty 50
BSE Mid Cap
BSE Small
Cap
P/E
20.47 20.26 28.45 26.46
P/B
3.99 3.15 4.50 3.16
Dividend Yield
1.22 1.35 0.88 0.72
Source: NSE, BSE Values as on Mar 13, 2026
Indian Equity Market
NSE Advance/Decline Ratio
Date Advances
Declines
Advance/Decline Ratio
09-Mar-26 730 2,787 0.26
10-Mar-26 2,908 809 3.59
11-Mar-26 1,489 1,918 0.78
12-Mar-26 1,243 2,120 0.59
13-Mar-26 775 2,846 0.27
Source: NSE
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5
Sectoral Indices
Indices Last Returns (in %)
Closing 1-Wk 1-Mth
BSE Auto
53,876.79 -9.95%
-13.92%
BSE Bankex
60,462.88 -6.97%
-10.39%
BSE CD
55,011.77 -4.13% -6.57%
BSE CG
67,620.20 -4.25% -0.91%
BSE FMCG
17,573.06 -3.86% -6.20%
BSE HC
42,787.59 -1.77% 0.35%
BSE IT
28,151.52 -3.65%
-10.89%
BSE Metal
37,268.72 -5.88% -4.75%
BSE Oil & Gas
26,864.10 -4.61% -6.05%
Source:BSE
Values as on Mar 13, 2026
•On the BSE sectoral front, BSE Auto fell 9.95%
as escalating geopolitical tensions in West Asia
raised concerns over potential natural gas and
LNG supply disruptions, a critical input for
automobile manufacturing, especially in paint
shops and metal processing units. BSE Bankex
declined 6.97% as escalating Iran war tensions
pushed crude oil prices higher, fueling inflation
concerns and raising fears that interest rates
may remain elevated for longer. Higher inflation
and bond yields can hurt banks through weaker
credit demand.
Indian Derivatives Market Review
•Nifty Mar 2026 Futures stood at 23,199.30, a premium of 48.20 points above the spot
closing of 23,151.10.
•The total turnover on NSE’s Futures and Options segment for the week stood at Rs.
1,230.80 lakh crore as against Rs. 1,128.38 lakh crore for the week to Mar 6.
•The Put-Call ratio stood at 1 compared with the previous week’s close of 0.97.
•The Nifty Put-Call ratio stood at 0.53 compared with the previous week’s close of 0.57.
Indian Equity Market (contd.)
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6.60
6.65
6.70
6.75
9-Mar 10-Mar 11-Mar 12-Mar 13-Mar
Yield in %
10 -Yr Benchmark Bond ( % )
Source: CCIL
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Debt Indicators
(%)
Current
Value
1-
Wk
Ago
1-
Mth
Ago
6-
Mth
Ago
Call Rate
5.07 5.08 5.04 5.43
91 Day T
-Bill 5.33 5.32 5.33 5.51
06.01% 2030, (5 Yr GOI)
6.33 6.29 6.31 6.25
06.48% 2035, (10 Yr GOI)
6.68 6.70 6.68 6.49
Source: Refinitiv Values as on Mar 13, 2026
•Bond yields initially rose as the Middle
East conflict pushed crude oil prices
sharply higher, intensifying inflationary
pressures and growth concerns for the
domestic economy, the world’s
third-largest oil importer. However,
yields later declined as crude prices
eased from recent highs, with sentiment
improving amid reports that the
International Energy Agency may
recommend releasing around 400 million
barrels of oil.
•Yield on the 10-year benchmark paper
(6.48% GS 2035) fell by 2 bps to close at
6.68% from the previous week’s close of
6.70%.
•Data from Reserve Bank of India showed
that India's foreign exchange reserves
decreased to $716.81 billion for the
week ended Mar 6, 2026 compared with
$728.49 billion a week earlier.
Domestic Debt Market
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-2
0
2
4
6
0.00
2.00
4.00
6.00
8.00
3 Mths 6 Mths 1 Yr 5 Yrs 10 Yrs 20 Yrs 30 Yrs
India Yield Curve Shift (%) (W-o-W)
Change in bps 13-Mar-26 06-Mar-26
Yield in %
Change in bps
Source: Refinitiv
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Maturity G-
Sec Yield
(%)
Corporate Yield
(%)
Spread
bps
1 Year 5.66 7.15 149
3 Year 6.17 7.25 108
5 Year 6.38 7.29 91
10 Year 6.68 7.32 64
Source: Refinitiv Values as on Mar 13, 2026
•Yields on gilt rose between 2 to 17 bps across the
maturities, barring 10, 11 & 13 year papers that fell
by 2, 3 & 10 bps, respectively, while 1, 5, 12, 14 & 15
year papers were unchanged.
•Corporate bond yields increased between 2 to 17
bps across the curve, barring 10 year paper that fell
by 3 bps, while 9 year paper was unchanged.
•Difference in spread between AAA corporate bond
and gilt expanded between 3 to 12 bps across the
segments, barring 10 year paper that contracted by
1 bps, while 3 year paper remained steady.
Domestic Debt Market (Spread Analysis)
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8
•The Union Cabinet has approved major amendments to the Insolvency and Bankruptcy Code
(IBC) and the Companies Act, 2013, aiming to streamline insolvency proceedings and
strengthen corporate governance. The changes follow recommendations from a Lok Sabha
Select Committee, which reviewed a 2025 amendment bill proposing faster admission
timelines for insolvency applications.
•The government clarified that the recent easing of foreign direct investment rules under the
amended Press Note 3 does not apply to companies registered in China or other land border
countries. Only global firms with up to 10% Chinese shareholding and no controlling
influence can invest through the automatic route. Entities based in China, Hong Kong and
other neighbouring countries must still seek prior government approval.
•India will implement the new Income-tax Act, 2025 from Apr 1, 2026, with only 54 of the
required 190 forms ready initially, while the remaining forms will be rolled out in phases
during FY27. The Income-tax Department has also issued draft Income-tax Rules, 2026 and is
upgrading IT systems to support the transition.
•According to the commerce ministry statement, India has denied reports of any pause in
trade talks with the U.S., reaffirming that both sides remain engaged in discussions for a
mutually beneficial bilateral trade agreement. The ministry clarified that there is no hold-off
in bilateral engagement, despite ongoing U.S. trade investigations and newly announced
tariffs under Section 301.
Regulatory Updates in India
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9
•SEBI has directed Mutual Fund Distributors (MFD) to display their registered name and
registration number along with the mandatory SEBI specified taglines in all forms of
communication and marketing material starting May 1, 2026. MFDs are advised to begin
following these requirements immediately and must also update their official social media
details with AMFI as part of compliance.
•AMFI will stop charging reissue fees for duplicate ARN registration cards, EUIN cards, and
ARN renewal certificates starting Mar 15, 2026. It has also introduced a free online
download facility for valid ARN/EUIN cards, while expired, suspended, or cancelled
numbers must be renewed before access.
Regulatory Updates in India (contd..)
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•The U.S. Consumer Price Index rose 0.3% MoM in Feb 2026, following a 0.2% increase in
Jan 2026, according to the Labor Department. Annual core inflation remained steady at
2.5%, matching its lowest level since 2021.
•U.S. initial jobless claims slipped to 213,000 for the week ended Mar 7, 2026, a decrease of
1,000 from the previous week’s revised level of 214,000, according to the Labor
Department.
•The U.S. trade deficit narrowed to $54.5 billion in Jan 2026, down from a revised $72.9
billion in Dec 2025, according to the Commerce Department.
•U.K., the house price balance unexpectedly declined to 12% in Jan 2026, compared with
10% in Jan 2026, according to a survey.
•Germany’s consumer price index posted an annual growth of 1.9% in Feb 2026, according
to Destatis.
•Germany’s exports fell 2.3% MoM in Jan 2026, reversing the 3.9% increase recorded in Dec
2025, according to Destatis.
•China’s consumer prices increased 1.3% YoY in Feb 2026, accelerating from a 0.2% rise in
the previous month, as reported by the National Bureau of Statistics.
•Japan’s machine tool orders grew 24.2% in Feb 2026, following a 25.3% increase in the
previous month, according to the Japan Machine Tool Builders Association (JMTBA).
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Global News/Economy
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11
Global Indices
Indices
13
-Mar-
26
1-Week
Return
YTD
Return
Russell 3000
3,484.47 -0.73% -6.16%
Nasdaq 100
24,607.89 -0.14% -2.54%
FTSE 100
10,313.08 0.28% 3.84%
DAX Index
23,595.12 0.02% -3.66%
Nikkei Average
53,819.61 -3.24% 6.91%
Straits Times
4,842.27 -0.12% 4.22%
Source: Refinitiv
Value as on Mar 13, 2026
U.S.
•U.S. equity markets fell as the sudden
downturn reflected a combination of
powerful macroeconomic forces. Oil
prices surged nearly 9%, Treasury yields
climbed, and geopolitical risk intensified
after Iran expanded attacks on energy
infrastructure across the Middle East.
Europe
•European equity markets declined as investors continued to assess the ongoing Middle
East conflict and its potential long term impact on economic growth. Several major indices
dropped to multi month lows as deepening geopolitical tensions and rising inflation
concerns—driven by a sharp increase in oil prices weighed heavily on sentiment.
Asia
•Asian equity markets fell as oil prices surged above $100 per barrel for the first time since
2022 amid escalating political tensions in West Asia. Sentiment weakened further on
renewed fears that a prolonged conflict could disrupt global energy supplies and increase
the risk of a worldwide economic slowdown.
Global Equity Markets
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4.05
4.10
4.15
4.20
4.25
4.30
4.35
9-Mar 10-Mar 11-Mar 12-Mar 13-Mar
Yield in %
US 10-Year Treasury Yield Movement
Source: Refinitiv
12
•Yields on the 10-year U.S. Treasury rose
by 15 bps to close at 4.29% from the
previous week’s close of 4.13%.
•U.S. Treasury prices fell as Iran ramped
up attacks on energy and transport
targets in the Gulf, boosting oil prices
and raising concerns about resurgent
inflation that could keep U.S. interest
rates higher for longer.
•Additionally, Treasury prices declined as
higher oil prices intensified inflation
fears and pushed back expectations for
Federal Reserve rate cuts. Investors
largely looked past Feb 2026 consumer
price inflation data, which came in line
with economists’ expectations.
Global Debt (U.S.)
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6.00
8.00
10.00
12.00
14.00
16.00
13-Feb-26 1-Mar-26
Global Commodity Movement
Gold Spot ($/Oz) Silver Spot ($/Oz) Brent ($/bbl)
Global Commodity Prices
Rebased to 10
Source: Refinitiv
13
Performance of various commodities
Commodities
Last Closing*
1-Week Ago
Brent Crude($/Barrel)
102.07 96.44
Gold ($/Oz)
5,046.40 5,169.92
Gold (Rs/10 gm)
158,013 157,967
Silver ($/Oz)
81 84.33
Silver (Rs/Kg)
260,297 260,856
Source: Refinitiv Value as
on Mar 13,
2026
Gold
•Gold prices fell as investors parsed U.S.
President’s claims that Iran would
surrender soon, contrasting sharply with
the assertive and hardline stance taken by
Iran’s new leadership yesterday in the
ongoing Gulf war.
Brent Crude
•Brent crude oil prices rose as the Iran–
Middle East conflict entered its third week,
with oil tanker traffic through the Strait of
Hormuz still effectively at a standstill.
Baltic Dry Index
•The index rose over the week due to
improved capesize and panamax activities.
Commodities Market
05-Jan-24
13-Mar-26
5.84%
-2.39%
-3.95%
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9.40
9.60
9.80
10.00
10.20
10.40
13-Feb-26 1-Mar-26
USD GBP Euro JPY
Source: Refinitiv
Currency Prices ( in terms of INR)
Rebased to 10
Currency Movement
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Movement of Rupee vs Other Currencies
Currency
Last Closing*
1-Wk Ago
US Dollar
92.44 91.68
Pound Sterling
123.20 122.49
EURO
106.31 106.41
100 Yen
57.99 58.08
Source: Refinitiv Figures in INR , *Value as on Mar
13,
2026
Rupee
•The Indian rupee fell against the U.S. dollar as
crude oil prices crossed $101 per barrel amid
the escalating West Asia conflict.
Euro
•The euro declined against the U.S. dollar as the
Middle East conflict drove investors toward safe
haven assets.
Pound
•The British pound weakened against the U.S.
dollar as rising geopolitical tensions in the
Middle East pushed investors into safe haven
assets.
Yen
•The Japanese yen edged lower against the U.S.
dollar, despite its traditional safe haven status,
as heightened geopolitical tensions fueled
demand for the dollar.
Currencies Markets
25-Jan-24
13-Mar-26
0.83%
-0.15%
-0.10%
0.58%
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15
The Week that was…
09th Mar to 13th Mar
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16
The Week that was (Mar 09 – Mar 13)
Date Events
Present
Value
Previous
Value
Monday,
March 09, 2026
• China Consumer Price Index (YoY) (Feb)
1.30% 0.20%
• Germany Industrial Production (MoM) (Jan)
-0.50% -1.00%
Tuesday,
March 10, 2026
• China Exports (YoY) (Feb)
21.80% 6.60%
• U.S. Existing Home Sales Change (MoM) (Feb)
1.70% -5.90%
Wednesday,
March 11, 2026
• U.S. Consumer Price Index (MoM) (Feb)
0.30% 0.20%
• Germany Consumer Price Index (MoM) (Feb)
0.20% 0.20%
• Japan Producer Price Index (MoM) (Feb)
-0.10% 0.20%
Thursday,
March 12, 2026
• India Inflation Rate YoY FEB
3.21% 2.74%
• U.S. Initial Jobless Claims
213K 214K
Friday,
March 13, 2026
• U.K. Gross Domestic Product (MoM) (Jan)
0.00% 0.10%
• U.K. Industrial Production (YoY) (Jan)
0.40% 0.50%
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17
The Week Ahead
16th Mar to 20th Mar
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18
The Week Ahead
Day Event
Monday,
Mar 16, 2026
•
India WPI Inflation YoY FEB
•
India Unemployment Rate FEB
•
India Exports FEB
•
China Industrial Production (YoY) (Feb)
Tuesday,
Mar 17, 2026
•
U.S. ADP Employment Change 4-week average
•
U.S. Pending Home Sales (MoM) (Feb)
Wednesday,
Mar 18, 2026
•
Eurozone Core Harmonized Index of Consumer Prices (MoM) (Feb)
•
U.S. Producer Price Index (MoM) (Feb)
•
U.S. Fed Interest Rate Decision
Thursday,
Mar 19, 2026
•
Bank of Japan Interest Rate Decision
•
U.K. Employment Change (3M) (Jan)
•
Bank of England Interest Rate Decision
Friday,
Mar 20, 2026
•
People’s Bank of China Interest Rate Decision
•
Germany Producer Price Index (MoM) (Feb)
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The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and
markets which have been obtained from independent third party sources and which are deemed to be reliable. The information provided cannot be
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19
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