Stock Watch — March 17, 2026
Market Day Summary | Not investment advice
📊 INDICES
| Index | Prev Close | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,408.80 | — | — |
| Nifty Bank | 54,413.40 | — | — |
| FinNifty | 25,515.25 | — | — |
| Nifty IT | 29,042.55 | — | — |
Note: Pre-market data as of 08:15 IST. Markets open at 09:15 IST.
🏦 BANKS — Digital Payments Focus
| Bank | Symbol | Prev Close | Change % | Key Levels | Expectation |
|---|---|---|---|---|---|
| HDFC Bank | HDFCBANK | ₹840.60 | +2.89% | S: 820, R: 860 | ↗️ Bullish |
| ICICI Bank | ICICIBANK | ₹1,272.90 | +1.44% | S: 1,250, R: 1,290 | ↗️ Slight bullish |
| SBI | SBIN | ₹1,066.70 | +1.88% | S: 1,040, R: 1,080 | ↗️ Slight bullish |
| Axis Bank | AXISBANK | ₹1,214.70 | +1.45% | S: 1,190, R: 1,230 | ↗️ Slight bullish |
| Kotak Bank | KOTAKBANK | ₹369.85 | +0.82% | S: 360, R: 375 | ➡️ Flat |
💳 FINTECH — Pure Play
Tier B1: Digital Payments & Wallets
| Company | Symbol | Prev Close | Change % | Expectation |
|---|---|---|---|---|
| Paytm | PAYTM | ₹1,013.80 | +3.85% | ↗️ Strong bounce |
Tier B2: Insurance & Credit Marketplaces
| Company | Symbol | Prev Close | Change % | Expectation |
|---|---|---|---|---|
| PB Fintech | PBFINTECH | — | — | Data unavailable |
Tier B3: Payment Infrastructure & Gateways
| Company | Symbol | Prev Close | Change % | Expectation |
|---|---|---|---|---|
| Infibeam Avenues | INFIBEAM | ₹16.90 | +15.44% | ↗️ Strong rally |
| Pine Labs | PINELABS | — | — | Not listed |
| NPST | NPST | — | — | Not listed |
Tier B4: Payments Banking & Cards
| Company | Symbol | Prev Close | Change % | Expectation |
|---|---|---|---|---|
| Fino Payments Bank | FINOPB | ₹140.43 | -16.77% | ↘️ Sharp decline |
| SBI Cards | SBICARD | ₹695.55 | -1.33% | ↘️ Slight weakness |
Tier B5: ATM & Cash (Peripheral)
| Company | Symbol | Prev Close | Change % | Expectation |
|---|---|---|---|---|
| AGS Transact ⚠️ | AGSTRA | ₹3.00 | -4.76% | ↘️ Under CIRP |
⚠️ AGSTRA is under Corporate Insolvency Resolution Process (CIRP)
📰 Sector News
- PhonePe IPO on Hold: Walmart-backed PhonePe has shelved its IPO plans indefinitely due to geopolitical tensions and market volatility. The company was targeting a $15 billion valuation. 1
- FPI Selling Persists: FIIs net sold ₹10,716 crore of Indian equities in March 2026. DIIs countered with ₹9,977 crore net buying. 2
- RBI Forex Reserves: India’s forex reserves dropped $11.68 billion in the week of March 6 as RBI defended the rupee amid Middle East tensions. 2
- Oil Prices Ease: Oil prices slipped on Monday as Trump pressed other countries to help secure the Strait of Hormuz. 2
📈 Market Outlook
- Nifty 50: Trading near 23,400 support. Key resistance at 23,800. Recovery attempt underway.
- Banks: Nifty Bank at 54,413 showing strength. All major banks trending positive today.
- Fintech: Mixed signals. PAYTM (+3.85%) and INFIBEAM (+15.44%) lead gains. FINOPB (-16.77%) under pressure.
- Global Cues: US Fed decision due Wednesday. Dollar steady near 10-month high.
Sources: NSE India, Yahoo Finance, Moneycontrol 1 2
Disclaimer: AI-generated for educational purposes. Not investment advice.
https://techcrunch.com/2026/03/16/walmart-backed-phonepe-shelves-ipo-as-global-tensions-rattle-markets/ ↩︎ ↩︎
https://www.moneycontrol.com/news/business/markets/sensex-today-stock-market-live-updates-nifty50-share-price-crude-fii-gift-nifty-rupee-latest-updates-16-03-2026-liveblog-13861112.html ↩︎ ↩︎ ↩︎ ↩︎