Today: 23 March 2026
Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz
23 March 2026
50 mins read

Stock Market Today 23.03.2026


LIVEMarkets rolling coverageStarted: Updated:

Sensex Drops Over 1,800 Points on Iran-US-Israel Tensions, Nifty Below 22,550

March 23, 2026, 1:34 AM EDT. Indian stock markets plunged sharply on Monday amid escalating Iran-US-Israel conflict and a weakening rupee. The Sensex fell over 1,800 points to 72,784, with the Nifty 50 sliding below 22,550 to 22,538. This selloff erased nearly Rs 13 lakh crore from the market capitalization of BSE-listed companies, bringing it down to Rs 416 lakh crore. All 30 Sensex stocks traded in the red, led by Tata Steel, SBI, and HDFC Bank. Sectoral indices, particularly Nifty Metal and PSU Bank, declined sharply. Oil prices surged past $110 per barrel due to the conflict's threat to the Strait of Hormuz, a vital global oil passage. Simultaneously, the rupee hit a new lifetime low, pressured by rising oil costs and foreign institutional investor selling. The volatility echoes the market turmoil of March 2020, highlighting geopolitical risks weighing on Indian markets.

WPP Fair Value Cut Amid Execution and AI Concerns, Barclays Upgrades to Equal Weight

March 23, 2026, 1:20 AM EDT. WPP's central fair value estimate dropped by 15% to £3.05 per share as analysts highlight mixed outlook on its agency model and organic growth. Barclays upgraded WPP to Equal Weight from Underweight, citing recent account wins despite 'weak' 2026 guidance and lifted its price target to £3.00. Citi and Morgan Stanley maintain Neutral stances with price targets between £3.10 and £3.65, flagging caution over execution risks and AI uncertainties. WPP's partnership with Moyom Biotechnology aims to enhance global branding for Aphranel, reflecting a shift towards long-term clinical narratives in aesthetic medicine. Investors should monitor margin compression and revenue growth slowdown as key risks influencing the evolving valuation debate.

Howmet Aerospace Valuation Analysis Amid Recent Share Price Swings

March 23, 2026, 1:19 AM EDT. Howmet Aerospace (NYSE:HWM) shares fell about 10% over the past month after a 10.3% gain in three months, trading at $231.21. Despite recent volatility, the company's fair value is estimated at $233.70, suggesting slight undervaluation. Growth prospects hinge on major capacity expansions in high-margin aerospace engine products set to ramp by 2026-2027, supporting revenue and margin gains. However, a high price-to-earnings ratio of 61.6 times, notably above the aerospace sector average, signals valuation risk if growth expectations cool. Key risks include potential aerospace production shortfalls and contract renegotiations by major customers. Investors should weigh these factors carefully amid mixed signals in valuation and momentum.

Sensex Slumps 1,555 Points Amid Middle East Tensions and Rising Oil Prices

March 23, 2026, 1:18 AM EDT. The Indian benchmark Sensex plunged 1,555.62 points (2%) to 72,977.34 early Monday, driven by escalating Middle East conflict and rising crude oil prices. The 50-share Nifty declined 479.95 points (2%) to 22,634.55. Key laggards included Tata Steel, SBI, Bajaj Finance, and Adani Ports, while HCL Tech bucked the trend. Brent crude oil rose 0.62% to USD 112.9 per barrel, stoking fears of energy supply disruptions amid US-Iran tensions near the Strait of Hormuz. Asian markets also tanked, with South Korea's Kospi down nearly 6%. Foreign Institutional Investors dumped equities worth Rs 5,518 crore on Friday, marking a monthly withdrawal of Rs 88,180 crore (USD 9.6 billion). Domestic institutional investors bought Rs 5,706 crore, offering limited support.

ASX Bank Shares Amid Rising Interest Rates: Profitability and Risks

March 23, 2026, 1:05 AM EDT. ASX bank shares remain a favourite for consistent dividends and strong market positions supported by government policies and limited competition. Recent rate hikes from the Reserve Bank of Australia (RBA) can widen banks' net interest margins-the difference between loan and deposit rates-potentially boosting profits. However, higher repayments increase the risk of bad debts as borrowers may default, especially if unemployment rises or property prices fall. Australian Prudential Regulation Authority (APRA) oversight enforces strong capital buffers and responsible lending rules, which help banks withstand economic shocks but could also limit growth. Investors should watch banks' loan portfolios and regulatory stress tests to assess resilience in this evolving economic environment.

Americas Gold and Silver TSX:USA Valuation Dips Amid Sharp Price Pullback

March 23, 2026, 1:04 AM EDT. Americas Gold and Silver (TSX:USA) shares plunged 26.86% in one week, marking a sharp short-term reversal after delivering a 264.44% one-year total shareholder return. The stock trades at CA$7.38, roughly 52.7% below a fair value estimate of CA$15.60. This valuation reflects expectations for rising cash flow driven by the higher-grade silver-copper EC120 transition at Cosalá, with commercial production slated for late 2025. Despite these bullish factors, concerns linger around the company's heavy debt load, recent net losses, and elevated all-in sustaining costs that could pressure near-term finances. Investors should weigh projected growth against these risks, especially given ongoing volatility and sentiment divisions across precious metals stocks.

Telix Pharmaceuticals (ASX:TLX) Valuation Amid TLX101-Px, TLX591-Tx Trial Updates

March 23, 2026, 1:03 AM EDT. Telix Pharmaceuticals has resubmitted its New Drug Application for TLX101-Px glioma imaging and confirmed safety goals in the lead-in phase of its TLX591-Tx prostate cancer trial. The company's shares have surged 22.24% in one month but still reflect a 54.43% loss over a year. Trading at A$12.75 with an intrinsic value estimate 52% higher and analyst targets around A$18.00, Telix remains a high-risk, high-reward prospect in radiopharmaceuticals. Progress depends heavily on clinical trial results and an ongoing SEC subpoena, factors that could shift market sentiment. Investors are urged to evaluate both upside potential and risks as Telix navigates its regulatory and commercial development phases in a volatile healthcare market.

FirstService (TSX:FSV) Faces 24% Decline Over Past Year, Valuation Suggests Fair Value

March 23, 2026, 1:02 AM EDT. FirstService's share price has dropped 23.9% over the past year, closing at CA$184.27, amid concerns tied to the broader real estate market. Despite this decline, a Discounted Cash Flow (DCF) analysis estimates the stock's intrinsic value at CA$184.64 per share, indicating it is fairly valued. The company shows a high Price-to-Earnings (P/E) ratio of 42.58x versus the Real Estate industry average of 13.47x, reflecting market expectations of growth or risk appetite. Investors are watching closely as sentiment shifts, highlighting valuation metrics, cash flow forecasts, and market context as key factors in reassessing FirstService's outlook.

Sensex plunges over 1,250 points as Nifty braces for volatility amid geopolitical tensions

March 23, 2026, 12:52 AM EDT. The Sensex plunged more than 1,250 points at the opening bell, reflecting investor unease amid ongoing geopolitical tensions and escalating rhetoric. Analysts warn that a break below 22,900 in the Nifty 50 index could push it further down to 22,500, underscoring a fragile near-term outlook. Despite rebounding to close 0.5% higher at 23,114 on Friday after a steep 3.3% drop the prior session, market volatility is expected to persist. Experts see limited upside potential, capping gains in the 23,400-24,200 range as risks remain elevated.

Sensex Drops 1,650 Points, Nifty Falls Below 23,000 on Iran Tensions and Oil Surge

March 23, 2026, 12:50 AM EDT.Sensex tumbled 1,650 points to 72,882.80 and Nifty50 slipped 532 points to 22,583 amid rising Iran conflict fears. The escalating war near the Strait of Hormuz, a key oil transit route, pushed crude above $110 per barrel, intensifying supply worries. India, heavily reliant on oil imports, faces higher inflation and a widening current account deficit. The rupee hit record lows against the dollar, reflecting currency stress. Sector-wide sell-offs hit metal, PSU banks, consumer durables, and financial stocks, while IT firms like HCL and TCS showed resilience. Volatility surged with India VIX up over 14%, signaling deep investor caution. Market moves are driven by global geopolitical risks and energy prices rather than domestic factors, with uncertainty set to linger.

Market Turmoil in March Misleads Investors Amid Global Events

March 23, 2026, 12:49 AM EDT. March saw a series of global shocks that rattled markets but may have led to misguided investor panic. Key events included Iran's drone strike on Saudi Aramco's refinery, shutting the Strait of Hormuz and pushing Brent crude oil prices to $119 a barrel, alongside damage to Qatar's largest gas facility. The US Federal Reserve held interest rates steady at 3.75%, signaling no cuts ahead. In corporate news, HDFC Bank's chairman resigned citing concerns over 'values and ethics.' Meanwhile, fund managers face uncertainty amid an AI-driven industry shakeup affecting IT companies' futures. These developments created volatile conditions, yet the market's reaction could mislead investors about longer-term stability and growth prospects.

Is Disney (DIS) Fairly Priced? Recent Weakness Highlights Valuation Check

March 23, 2026, 12:48 AM EDT. Walt Disney shares trade near $99.51, showing mixed returns: down 11% year-to-date but up 1.2% over one year. The stock holds a 5 score on a six-point valuation framework, reflecting recent investor caution amid portfolio shifts toward streaming and parks. A Discounted Cash Flow (DCF) model estimates Disney's intrinsic value at $99.92, nearly identical to the current price, signaling the stock is fairly valued. Disney's price-to-earnings (P/E) ratio stands at 14.4 times, well below the entertainment industry average of 34.2, suggesting investors expect slower growth or perceive higher risk. Overall, this signals Disney shares are reasonably priced but sensitive to future cash flow changes and market developments.

Liberty Global (LBTY.A) Share Price Review Highlights 25.5% Undervaluation Potential

March 23, 2026, 12:47 AM EDT. Liberty Global's (LBTY.A) recent share price hovered around $11.69, showing mixed short-term losses but long-term gains with a three-year total shareholder return of 21.35%. The stock trades at a roughly 68% intrinsic discount, suggesting it could be undervalued compared to analyst targets valuing it near $15.69. Key drivers include infrastructure asset monetization, such as tower and fiber deals, aimed at reducing debt and boosting dividends. However, risks persist from broadband competition impacting volumes and pricing, alongside concerns over leverage and refinancing pressures that could affect cash flow. Investors are advised to weigh these factors carefully and consider broader sector opportunities in telecoms.

Innovision Shares Debut at 10% Discount on NSE After IPO Extension

March 23, 2026, 12:46 AM EDT. Innovision shares listed on NSE and BSE at nearly 10% below IPO price, with a debut at Rs 467.70 on NSE amid profit booking. The IPO, initially priced between Rs 494-519 and later revised down from Rs 521-548, attracted 3.32 times subscription after extending its closing date to March 17. Hesitant early investor response led to the price band cut. The Rs 319.25 crore raised will help Innovision reduce debt and support working capital. The company provides manpower and toll plaza management services. Market experts advise caution and consultation with certified advisors before investing.

XRP vs Solana: Potential 2030 Value of a $1,000 Investment

March 23, 2026, 12:41 AM EDT. Both XRP and Solana have declined significantly from their 2022 peaks, with XRP falling from $3.65 to $1.40 and Solana from over $260 to around $89. Despite recent classifications as digital commodities and available ETFs, prices remain pressured. A $1,000 investment today could yield a 3.5x to nearly 20x return by 2030 for XRP if it reaches $5 to $27, driven by Ripple's growing cross-border payments network. Solana, trading at $89, could return between 3.7x and over 10x if it hits $335 to $1,000, fueled by its expanding decentralized finance ecosystem. Both carry risks tied to adoption and competition, particularly XRP's reliance on settlement use and Solana's tech challenges. Investors should weigh different growth pathways and risks in choosing between these two long-term crypto plays.

Thermo Fisher Scientific (TMO) Appears Fairly Valued After Recent Share Price Declines

March 23, 2026, 12:39 AM EDT. Thermo Fisher Scientific's stock (TMO) has declined nearly 20% year-to-date, sparking questions about its valuation. Despite a 7.2% dip over 30 days and a mixed recent performance, a Discounted Cash Flow (DCF) model estimates an intrinsic value around $512 per share, slightly above the current price near $474. This suggests about a 7.4% discount, indicating the shares trade near fair value. The DCF uses projected free cash flow, expected to rise to $9.6 billion by 2028, discounted back to present value. Simply Wall St's valuation scores TMO 5 out of 6, signaling relative attractiveness. Investors should monitor ongoing sector and company developments, as market sentiment in healthcare and cash flow forecasts can shift quickly, impacting Thermo Fisher's risk profile and price.

Credit Suisse (CSGN.SW) Shares Surge Pre-market to CHF 0.817 Amid Heavy Volume on SIX

March 23, 2026, 12:37 AM EDT. Credit Suisse Group AG (CSGN.SW) trades at CHF 0.817 in pre-market on the SIX Swiss Exchange, with volume hitting 41.9 million shares, surpassing the daily average. The stock remains under pressure, far below its 200-day average of CHF 2.72, reflecting ongoing concerns about the bank's balance sheet and sector weakness. With a negative earnings per share (EPS) of -2.57 and a price-to-book ratio of 0.04, valuation metrics show a disconnect between market price and fundamentals. Technical signals show short-term consolidation near CHF 0.81, supported by heightened trading activity. Meyka AI assigns a HOLD rating with a C+ grade and projects a 12-month fair value of CHF 1.20, suggesting nearly 47% upside potential. Market watchers eye volume and price action for short-term signals amid elevated volatility in financial services.

Intuitive Surgical (ISRG) Pre-Market Update: $479.93, Meyka AI Rates B+ with 22% Upside

March 23, 2026, 12:36 AM EDT. Intuitive Surgical (NASDAQ: ISRG) opened pre-market at $479.93 on March 23, 2026, trading below its 50-day average amid regulatory concerns over stapler safety flagged by the FDA. The company posted strong quarterly revenue of $2.87 billion, up 18.8% year over year, with EPS at $2.53 beating estimates. Meyka AI assigns a B+ rating with a 1-year price target of $585.45, implying nearly 22% upside. ISRG benefits from secular growth in robotic surgery and invests heavily in R&D to enhance AI-driven platforms. Risks include near-term regulatory headwinds and recent insider selling, while institutional ownership stays elevated at 83.64%. Technical indicators signal a strong trend but recent underperformance. Analyst price targets range from $550 to $750, reflecting confidence in margins and long-term growth potential.

Indian Stock Market Steady Amid US-Iran Conflict; Nifty 50, Sensex Outlook for March 23

March 23, 2026, 12:35 AM EDT. The Indian stock market is set for a cautious start on March 23, with Sensex and Nifty 50 expected to open lower amid ongoing US-Iran tensions. Futures on Gift Nifty signal a gap-down opening by nearly 315 points. On March 20, Sensex rose 325.72 points to close at 74,532.96, while Nifty 50 ended 112.35 points higher at 23,114.50. Analysts highlight key support for Sensex at 73,900-74,000 and resistance around 75,000-75,200, indicating range-bound trading. Derivatives data points to a cautious outlook with a put-call ratio near 0.78 and elevated volatility (India VIX above 22). Technical indicators suggest potential for bullish reversal if Nifty holds 22,930, but resistance levels at 23,378 and 23,868 remain significant. Overall, sell-on-rise strategy advised until 23,400-23,600 zone is breached.

Asia Stocks Fall on U.S.-Iran Tensions Over Strait of Hormuz

March 23, 2026, 12:34 AM EDT. Asian stock markets declined sharply after U.S. President Donald Trump's warning to Iran over the Strait of Hormuz. Trump threatened to target Iran's power plants if the strategic waterway is not reopened without threats within 48 hours. The Strait of Hormuz is a critical chokepoint for global oil shipments. The escalating rhetoric raised concerns about potential disruptions to oil supply, unsettling investors and triggering a sell-off across Asian equity markets.

Innovision Shares Listed Nearly 10% Below IPO Price on NSE

March 23, 2026, 12:32 AM EDT. Innovision's stock debuted on the NSE at nearly a 10% discount, causing investors to incur losses per lot. The initial public offering (IPO) was met with subdued demand, leading to a drop from the offer price. This discount translates into immediate negative returns for investors purchasing at IPO rates. Market experts highlight the risk of volatility in newly listed stocks and advise caution. Overall, the nearly 10% price gap signals pressure on Innovision shares as they begin trading. Investors should monitor price movements closely and assess risks accordingly.

Sensex plunges over 1,200 points amid West Asia conflict and soaring oil prices

March 23, 2026, 12:31 AM EDT. The S&P BSE Sensex dropped 1,509.35 points to 73,023.61, while NSE Nifty50 fell 480.30 points to 22,634.20 on Monday, reflecting broad selling amid rising crude oil prices and geopolitical tensions in West Asia. Investor wealth eroded by about Rs 9 lakh crore. The ongoing conflict between the US and Iran has escalated market fears, especially regarding the strategic Strait of Hormuz and global oil supplies. Brent crude rose to $112.94 a barrel, pushing inflation and costs higher. The Indian rupee hit a record low of 93.84 against the dollar, worsening import costs and inflation concerns. Market strategists warn of continued uncertainty affecting multiple asset classes, including equities and precious metals, as the conflict enters its fourth week with no resolution in sight.

Vulcan Materials (VMC) Shares Near Fair Value Despite Recent Decline

March 23, 2026, 12:17 AM EDT. Vulcan Materials (VMC) shares declined 2.6% over the past week and 13.7% in a month, amid mixed sentiment. The stock's one-year return is 11.2%, with a longer-term three-year return of 59%. According to a Discounted Cash Flow (DCF) valuation model projecting free cash flow to 2035, VMC's intrinsic value is $270.72 per share, suggesting the stock trades at a modest 4.6% discount to its current $258.40 price. The price-to-earnings (P/E) ratio stands at 31.21x, reflecting market expectations about growth and risk. Simply Wall St assigns Vulcan Materials a low valuation score amid these metrics, concluding the stock is fairly valued but subject to change, warranting close monitoring by investors.

Stock Market Crash March 23, 2026: Nifty50 Below 23,000; Sensex Drops 1,300 Points Amid US-Iran War

March 23, 2026, 12:16 AM EDT. On March 23, 2026, India's stock markets plunged sharply with the Nifty50 falling below 23,000 to 22,698.55, down 1.8%, and the BSE Sensex dropping over 1,300 points to 73,168.18, a decline of 1.83%. The selloff was driven by elevated crude oil prices amid escalating US-Iran tensions marking the fourth week of conflict. Geopolitical instability in the Middle East and volatile oil markets heightened global investor caution. Experts noted the broad risk-off sentiment impacted stocks, bonds, and even safe-haven gold. Foreign portfolio investors continued net selling while domestic investors provided some market support. Economic data releases and ongoing war developments remain key to near-term market direction.

St Barbara Stock Update: Strategic Expansion and Operational Stability in Gold Mining

March 23, 2026, 12:15 AM EDT. St Barbara Limited (ASX: SBM) is a key player in gold mining, producing 40,000 ounces annually at high costs near $5,400 per ounce. The company secured a three-month diesel supply for its Simberi operations in Papua New Guinea, ensuring operational continuity amid energy challenges. It plans a $370 million deal on Siberia assets, set to close soon, signaling growth. St Barbara aims to boost Simberi's output to 200,000 ounces with improved all-in sustaining costs (AISC), enhancing sustainability. Analysts note its 7.9 million ounces in resources and 3.8 million ounces in reserves suggest long-term prospects, though some favor larger producers due to safety and cost advantages. The stock reflects a balance of risk and expansion potential in the gold sector.

Sensex plunges 800 points as US-Iran tensions unsettle markets

March 23, 2026, 12:13 AM EDT. Indian equity markets opened sharply lower on Monday amid escalating geopolitical tensions after a 48-hour ultimatum from US President Trump to Iran over the Strait of Hormuz. The BSE Sensex dropped over 800 points or 1.07%, while the Nifty 50 fell 290 points to below 22,850. Investors shifted towards safer assets, bolstering the dollar and US money market funds with assets under management surpassing USD 8 trillion. Brent crude prices remained volatile near USD 112 per barrel amid supply concerns. Despite geopolitical risks, gold prices fell 2%, driven by margin calls forcing liquidation of profitable positions. Broad-based selling hit sectors including auto, FMCG, PSU banks, and IT. Analysts warned the Nifty hovering near key support levels could see further declines if it breaks below 22,770. Asian markets also tumbled, reflecting global nervousness over a possible conflict escalation.

Bitcoin Holds $70,000, Ethereum Enters Buy Zone, Nasdaq Gains SEC Nod for Tokenized Stocks

March 23, 2026, 12:01 AM EDT. Bitcoin held firm near the $70,000 level despite $90 million ETF outflows, marking a crucial juncture for the flagship cryptocurrency. Ethereum entered a 'generational buy zone' as its market-to-realized value ratio hit levels historically preceding major bull runs. Meanwhile, Nasdaq received SEC approval to list tokenized versions of stocks, expanding digital trading options to Russell 1000 firms and key ETFs. SEC Chair Paul Atkins unveiled a new regulatory framework, clarifying that stablecoins, NFTs, and certain digital assets generally fall outside securities laws. Morgan Stanley launched its Bitcoin ETF under the ticker MSBT, backed by a $1 million seed and supported by BNY Mellon and Coinbase as custodian and broker.

CEO of TS2 Space and founder of TS2.tech. Expert in satellites, telecommunications, and emerging technologies, covering trends in space, AI, and connectivity.

Stock Market Today

  • Sensex Drops Over 1,800 Points on Iran-US-Israel Tensions, Nifty Below 22,550
    March 23, 2026, 1:34 AM EDT. Indian stock markets plunged sharply on Monday amid escalating Iran-US-Israel conflict and a weakening rupee. The Sensex fell over 1,800 points to 72,784, with the Nifty 50 sliding below 22,550 to 22,538. This selloff erased nearly Rs 13 lakh crore from the market capitalization of BSE-listed companies, bringing it down to Rs 416 lakh crore. All 30 Sensex stocks traded in the red, led by Tata Steel, SBI, and HDFC Bank. Sectoral indices, particularly Nifty Metal and PSU Bank, declined sharply. Oil prices surged past $110 per barrel due to the conflict's threat to the Strait of Hormuz, a vital global oil passage. Simultaneously, the rupee hit a new lifetime low, pressured by rising oil costs and foreign institutional investor selling. The volatility echoes the market turmoil of March 2020, highlighting geopolitical risks weighing on Indian markets.
NVIDIA Stock Price Slides 3% Despite Amazon Chip Deal as Oil, Rate Fears Hit AI Trade
Previous Story

NVIDIA Stock Price Slides 3% Despite Amazon Chip Deal as Oil, Rate Fears Hit AI Trade

Go toTop