ICICI Bank Limited

Global equities advanced Wednesday as signs of easing Middle East tensions spurred a risk-on rally. Microsoft gained on a major AI infrastructure investment, while Marvell Technology surged following a strategic partnership with Nvidia.

A series of bank holidays in India, coinciding with the financial year-end, is set to impact branch-based transactions like salary processing and cheque clearing from March 28 to April 3. Digital services will continue uninterrupted.

Indian stock benchmarks plunged sharply on Monday, with the Sensex dropping nearly 2,000 points, as surging oil prices and a record-weak rupee intensified selling pressure. Foreign investors have withdrawn $9.57 billion from Indian markets in March alone.

Indian benchmarks extended losses Thursday, pressured by oil prices exceeding $100 a barrel and a record-low rupee. Analysts warn of a widening current account deficit and slower GDP growth.

Indian stock benchmarks dropped over 1.6% on Wednesday, with the Nifty 50 closing below 23,900, as volatility in oil markets and escalating Middle East tensions triggered broad selling. The rupee weakened past 92 against the U.S. dollar.

Indian stock indices climbed on Tuesday, recovering from a steep selloff as declining oil prices eased inflation concerns. The Nifty 50 rose 0.97% and the Sensex gained 0.82%, with broad-based advances outside the IT and energy sectors.

Indian stock benchmarks fell sharply Monday, entering correction territory as surging oil prices battered the rupee and triggered a selloff in banking and aviation stocks. The Reserve Bank intervened to support the currency.

Indian benchmark indices opened with minimal movement on Wednesday, as declines in technology shares offset gains in metal and banking stocks. The IT sector faced pressure following the release of a new advanced AI model.

Indian benchmarks advanced with the Nifty 50 closing 0.8% higher, driven by banking and realty stocks. BSE shares tumbled nearly 10% following new RBI restrictions on broker funding.