Trade Setup for Today: Global Cues Point to Cautious Start on March 9, 2026
GIFT Nifty down 2.36% at 23,750, signaling weak start. US indices closed lower: Dow -0.94%, NASDAQ -2.91%. Asian markets negative: Nikkei -7.07%, Hang Seng -3.13%. Crude oil surges 29.67% to $117.87. USD/INR up 0.44% at 92.32. FIIs net sellers (-₹6,030.38 Cr), DIIs net buyers (+₹6,971.51 Cr). Notable block deals in PB Fintech and M&M. Key corporate actions include Cupid's 4:1 bonus issue and Axtel Industries' ₹12 interim dividend.
*this image is generated using AI for illustrative purposes only.
Market Overview
Global markets are showing signs of caution as we head into the trading session on March 9, 2026. Key indices across the world have experienced declines, setting a somewhat bearish tone for the day.
GIFT Nifty Update
The GIFT Nifty is trading lower, indicating a potentially weak start for the domestic markets:
| Index | Price | Change | % Change |
|---|---|---|---|
| GIFT Nifty | 23,750 | -573 | -2.36% |
US Markets
Major US indices closed lower in the previous session:
| Index | Closing Price | Change | % Change |
|---|---|---|---|
| Dow Jones | 47,522.54 | -453.21 | -0.94% |
| NASDAQ | 21,938.00 | -657.25 | -2.91% |
| S&P 500 E-Mini Futures | 6,585.75 | -158.00 | -2.34% |
Asian Markets
Asian markets are also trading in negative territory:
| Index | Price | Change | % Change |
|---|---|---|---|
| Nikkei 225 | 51,686.37 | -3,934.47 | -7.07% |
| Hang Seng | 24,950.03 | -807.27 | -3.13% |
Commodity Trends
Commodity markets are showing mixed trends:
| Commodity | Price (USD) | Change | % Change |
|---|---|---|---|
| Crude Oil | 117.87 | +26.97 | +29.67% |
| Gold | 5,085.00 | -73.70 | -1.43% |
| Silver | 82.40 | -1.91 | -2.27% |
| Natural Gas | 3.48 | +0.29 | +9.13% |
Currency Updates
The USD/INR pair is trading higher:
| Currency Pair | Price | Change | % Change |
|---|---|---|---|
| USD/INR | 92.32 | +0.41 | +0.44% |
FII/DII Activity
Here's the latest data on Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) activity:
| Investor Type | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) |
|---|---|---|---|
| FII | 14,434.69 | 20,465.07 | -6,030.38 |
| DII | 19,662.38 | 12,690.87 | +6,971.51 |
Block Deals
Significant block deals were observed in the following stocks:
PB Fintech (POLICYBZR):
- Total volume: 4,840,439 shares
- Price: ₹1,435.10 per share
- Transaction value: ₹694.65 crores
Mahindra & Mahindra (M&M):
- Volume: 94,119 shares
- Price: ₹3,348 per share
Latest Updates for Stocks Involved in Block Deals
PB Fintech
- Witnessed a substantial block trade during the pre-open session, indicating significant institutional activity.
Mahindra & Mahindra (M&M)
- Addressed media reports regarding a potential suspension of vehicle imports to Indonesia, stating that no official communication has been received about the suspension of a 35,000 unit export order for delivery in 2026.
- Completed the sale of its remaining 20% stake in Blue Planet Integrated Waste Solutions for ₹5.07 crore.
- The company's subsidiary, Mitsubishi Mahindra Agricultural Machinery, has announced its withdrawal from the agricultural machinery business and initiated liquidation proceedings.
- Reported strong sales growth in February 2026:
- Total vehicle sales up 18% at 97,177 units
- SUV sales led with 60,018 units (19% growth)
- Tractor sales showed robust 35% growth at 32,153 units
Key Corporate Actions
| Company | Action | Details |
|---|---|---|
| Cupid | Bonus Issue | 4:1 ratio |
| Axtel Industries | Interim Dividend | ₹12 per share |
Several companies are holding Extraordinary General Meetings (EGMs) today, including Kizi Apparels, Manbro Industries, and Golkunda Diamonds & Jewellery. Supha Pharmachem is scheduled to announce its quarterly results.
Conclusion
Markets are poised for a cautious start amid mixed global cues and significant institutional activity in select stocks. Investors should keep an eye on corporate actions and global market trends throughout the trading session.
16
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
