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NSE:ATGL 11 March 2026

India Stock Market Today: Nifty 50 Closes Below 23,900, Sensex Slides 1.7% as Oil Volatility Hits Banks

India Stock Market Today: Nifty 50 Closes Below 23,900, Sensex Slides 1.7% as Oil Volatility Hits Banks

India’s Nifty 50 fell 1.63% to 23,866.85 and the Sensex dropped 1.72% to 76,863.71 on Wednesday as oil prices surged and Middle East tensions deepened. Twelve of 16 major sectors declined, with HDFC Bank down 1.8% and Reliance Industries off 1.3%. The rupee weakened to 92.04 per dollar. Adani Total Gas jumped 20% after emergency gas measures were invoked.

Stock Market Today

  • E*TRADE May Lead SpaceX IPO Retail Share Distribution, Musk Denies Excluding Robinhood and SoFi
    March 31, 2026, 5:25 PM EDT. Elon Musk's SpaceX is preparing for an IPO expected to raise $75 billion, with reports suggesting 30% of shares allocated to retail investors. Reuters reported E*TRADE, owned by Morgan Stanley, might lead retail share distribution, potentially sidelining Robinhood and SoFi. This move would contrast Musk's history of supporting retail investors. Musk refuted these claims on X, formerly Twitter, stating the reports are false. The retail brokerage landscape remains uncertain as investors await SpaceX's IPO prospectus, which markets value around $1.75 trillion. The outcome will impact retail platforms' roles in the high-profile public debut of Musk's space venture.
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