Brief by Shorts91 Newsdesk / 10:27am on 30 Mar 2026,Monday Business
Stock markets closed sharply lower on March 30, with heavy losses in banking shares pulling indices down. The Sensex dropped 1,635 points, while the Nifty fell below 22,400. Vinod Nair of Geojit Investments said markets remained cautious due to global tensions, rising oil prices, and continued foreign investor outflows. He added, "Banking stocks were among the key laggards" after RBI restrictions on banks’ foreign exchange positions. The move aimed to support the rupee but led to declines in major lenders. Analysts said valuations look better after the fall, but earnings outlook remains uncertain. Oil price swings and rupee weakness may increase cost pressures. (PC: India Today)
