Stock market today: The Indian stock market is likely to open higher but may remain volatile on Monday amid mixed global cues, as investors track the latest developments in the US–Iran conflict, which has entered its third week and triggered turmoil in global oil markets.
Asian markets traded on a mixed note, while the US stock market ended last week lower amid concerns over potential disruptions to global oil supplies due to the ongoing conflict in the Middle East.
“Indian markets are likely to begin the week on a mildly positive note, with GIFT Nifty trading around 23,351, indicating a steady opening for domestic equities. Market direction through the week is expected to remain heavily influenced by geopolitical developments in West Asia and movements in crude oil prices. Any signs of de-escalation could provide relief to global equities, while further escalation may keep markets under pressure,” said Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth.
On Friday, the Indian equity market extended its sharp decline as worries surrounding the escalating US–Iran tensions weighed on sentiment. The Sensex plunged 1,470.50 points, or 1.93%, to settle at 74,563.92, while the Nifty 50 dropped 488.05 points, or 2.06%, to close at 23,151.10.
Stocks to Watch
Amid the backdrop of the US-Iran war, these stocks are likely to remain in focus on Monday, March 16, 2026 —
Tata Motors PV
Radhakishan Damani has sold 16 lakh shares worth ₹52 crore in Tata Motors Passenger Vehicles (TMPV) through a block deal. The buyer in the transaction was Derive Trading and Resorts Private Limited, a firm where Damani serves as one of the directors.
IndiGo
The airline said it will impose a fuel surcharge starting March 14, 2026, citing a more than 85% jump in jet fuel prices due to geopolitical tensions in West Asia.
Jindal Stainless
The company stated that the West Asia war has affected its operations, citing fuel shortages and delays in shipping as the key disruptions.
Adani Total Gas
Adani Total Gas has reduced the price of excess natural gas supplied to certain industrial customers to ₹82.95 per standard cubic metre (SCM), down from ₹119.90 per SCM, effective from 0600 hours on March 16, following a softening in upstream gas prices amid ongoing supply disruptions.
GMR Airports
The company has secured a contract from Delhi International Airport Ltd to upgrade, modernise, and operate Cargo Terminal-1 at Indira Gandhi International Airport in New Delhi.
Data Patterns
The company has secured a ₹288 crore order from the India Meteorological Department (IMD) for supplying 32 units of Doppler Weather Radars.
Adani Power
The company has secured a Letter of Award (LoA) from the Maharashtra State Electricity Distribution Company Limited for supplying 1,600 MW of thermal power under a long-term Power Supply Agreement.
Dilip Buildcon
Dilip Buildcon Limited said that it has emerged as the lowest (L1) bidder for a road construction project valued at ₹160.20 crore, excluding GST.
Hindalco Industries
In a clarification issued in response to media reports suggesting that Hindalco Industries had halted aluminium product sales due to the Iran conflict, the company said it has not suspended the operations of its aluminium extrusions business.
Voltas
The Assistant Commissioner of State Tax, Investigation A, Mumbai, carried out a GST inspection at the company’s Chinchpokli office on March 12 under the Maharashtra GST Act, 2017.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
