Market News
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India imported over 18,800 MT of uranium for reactors between 2008-25: Govt
Between 2008 and 2025, India embarked on a journey of nuclear energy expansion, importing significant amounts of uranium for its reactors. This development has catapulted nuclear power generation to new heights. The nation aspires to achieve a formidable 100 GW of nuclear capacity, showcasing projects in progress as well as innovative future plans that incorporate both domestic and global technologies.
OPEC confirms big Saudi oil production hike ahead of Iran war, holds forecasts steady
Saudi Arabia significantly boosted oil production in February as a safeguard against potential disruptions from U.S. and Israeli strikes on Iran. Despite this, OPEC maintained its forecast for robust global oil demand growth this year, while acknowledging the need to closely monitor geopolitical events. The International Energy Agency is set to release updated oil forecasts soon.
China stocks extend gains as lower oil prices boost market sentiment
Investor sentiment improved after oil prices declined, easing concerns that rising energy costs could push inflation higher. Crude prices came under pressure after the International Energy Agency suggested releasing what could be the largest coordinated emergency oil stockpile in its history to help stabilize global energy markets.
Crude oil back above $90 a barrel. How elevated energy prices may impact various Indian sectors?
Crude oil prices surged to nearly $120 a bbl due to the US-Iran conflict, disrupting Middle Eastern energy production. Prices have fluctuated significantly, impacting global markets and raising concerns over economic repercussions, especially for India reliant on imports from the Strait of Hormuz.
Adani Energy raises $500 million bilateral debt from Apollo
A unit of Adani Group raised about $500 million through a bond privately placed with funds managed by Apollo Global Management Inc., according to people familiar with the matter, highlighting the Indian conglomerate’s ongoing effort to tap funding outside the public dollar bond market.
Stocks in news: Nazara Technologies, IndiGo, Hindustan Zinc, NTPC Green, RIL
Indian markets saw a strong rebound on Tuesday, recovering some losses. Global cues improved and crude oil price worries eased. Several companies are in focus today. Nazara Technologies saw a significant block deal. IndiGo's CEO stepped down. RIL is boosting LPG production. Vedanta calls for unlocking domestic resources. NTPC Green Energy added new solar capacity.
Nomura retains confidence in Indian steel cos; Tata, JSW among top picks
Among sector players, Nomura has maintained Buy recommendations on Tata Steel with a target price of ₹220 per share, JSW Steel at ₹1,340, Jindal Steel at ₹1,280, and Lloyds Metals & Energy at ₹1,600
Top US officials defend temporary waiver on Russian oil exports to India
US officials defended a temporary waiver allowing India to buy Russian crude, saying it would help stabilise global oil markets amid supply risks from the Iran war. Energy Secretary Chris Wright said Washington urged India to purchase Russian oil already stranded on tankers and redirect it to Indian refineries to ease fears of shortages and curb price spikes.
Iran sought permission for docking of 3 ships in Indian ports; approval granted: Jaishankar
India permitted three Iranian ships to dock at its ports. One vessel, IRIS LAVAN, docked in Kochi on March 4. This humane gesture was appreciated by Iran. The move comes amid rising tensions in the Indian Ocean following the sinking of an Iranian warship. India remains committed to ensuring the nation's energy security amidst global disruptions.
Qatar halts LNG output after attacks; disruptions to hit Indian supplies, city gas firms flag concerns
Qatar has stopped liquefied natural gas production following attacks. This halts supplies to India, affecting industrial consumers and city gas companies. Petronet LNG cannot send ships through the Strait of Hormuz. This disruption impacts India's energy needs and domestic sectors. Companies are seeking clarity on future gas availability.
Buy the fear? Indian markets delivered strong returns after past wars even as Middle East tensions roil stocks
Indian equity benchmarks plunged as West Asia tensions and a Strait of Hormuz shutdown threat jolted global markets and spiked crude prices. Despite near-term risks to energy supplies and India’s import exposure, historical data show strong two-year rebounds after past geopolitical conflicts.
Suzlon Energy shares drop 30% in six months, but Motilal Oswal sees 61% upside; here’s why
Suzlon Energy shares have seen a significant decline, but Motilal Oswal remains bullish, projecting a 61% upside. The brokerage cites the company's 'Suzlon 2.0' vision, including leadership restructuring and the launch of a dedicated project development vertical, DevCo, as key drivers for future growth.