Foreign selling, geopolitical tensions and market volatility eroded the value of the Government of India’s holdings in key listed companies during the March 2026 quarter, with LIC, IRFC and HAL leading the sharp declines.
Global markets rallied as oil prices hit seven-week lows. Hopes for a peace deal between the US, Israel, and Iran eased inflation fears. Brent crude and WTI saw sharp declines. Diplomatic efforts continue, but differing descriptions of a potential deal persist. Geopolitical tensions remain a factor. Analysts suggest restoring normal shipping could take months.
The Indian rupee experienced a sharp decline in 2026, nearing Rs. 97 against the US dollar before a slight recovery. This depreciation, driven by import reliance, trade deficits, and global tensions, has significantly impacted commodity prices, pushing inflation higher. While the RBI intervenes, the rupee faces a mild depreciating bias.
The rupee strengthened significantly on Friday, closing at 95.00 to the dollar, its best performance since April 2. This rise was attributed to central bank intervention, a reported peace deal between Iran and the US, and easing oil prices. Dealers anticipate further strengthening if the ceasefire holds.
Lavanya Mundayur, CMD of Agriculture Insurance Company of India, has been recommended by the Financial Services Institutions Bureau (FSIB) to lead New India Assurance Company Limited (NIACL). Mundayur, 57, is set to begin a term of approximately three years, concluding her tenure in May 2029 upon reaching retirement age.
The Securities and Exchange Board of India has closed its case against NDTV. This action relates to alleged disclosure failures concerning a 2018 order involving Vishvapradhan Commercial. No penalty was imposed on NDTV. The Securities Appellate Tribunal had previously ruled that VCPL did not gain control of NDTV. This ruling removed the basis for the disclosure requirement.
Wall Street ended at record highs on Friday, driven by strong tech earnings and optimism around AI-led growth. Dell’s upbeat forecast lifted chip and software stocks, while investors tracked developments on a potential US-Iran deal. Despite inflation concerns, major indexes posted weekly and monthly gains.
Federal Reserve officials signalled potential rate hikes if Middle East tensions drive a prolonged energy shock and keep inflation elevated. Policymakers, including Michelle Bowman, warned inflation risks remain high above target, while markets shift expectations from rate cuts to possible tightening as oil prices and supply disruptions persist.
The results underscore a widening split in consumer spending, ​with record-low sentiment driven by the Iran war forcing lower-income households to cut back, even as higher-income shoppers remain selectively willing to spend.
According â to LSEG Lipper data, investors bought ​a net $1.97 billion of U.S. equity funds, compared ​with a net $12 billion of selling in the previous week.
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