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Market Trading Guide: Buy BSE and Atlanta Electricals on Thursday for gains up to 13%
Nifty rose sharply for a third session, driven by auto, IT and consumer stocks. Technical indicators signal bullish momentum, with analysts projecting upside towards 24,250 and support at 23,500, alongside breakout patterns strengthening sentiment.
Gold demand may remain steady to modest this Gudi Padwa amid volatility, say experts
Gold demand during Gudi Padwa is expected to stay steady due to volatile prices and cautious consumer sentiment, with a shift towards affordable jewellery and natural diamonds.
INR settles at new lifetime low as soaring oil prices dampen sentiments
The Indian rupee declined 14 paise to settle at an all-time low of 92.42 (provisional) against the US dollar on Tuesday, pressured by rising crude oil prices and sustained outflow of foreign funds amid the West Asia crisis. A positive trend in domestic equity markets also helped the domestic currency at the lower level, even as investors remained watchful of the US Federal Reserve's interest rate decision. Indian stock markets closed significantly higher for the second consecutive session, driven by gains in auto and metal sectors despite volatility. The Sensex jumped 568 points (0.75%) to close at 76,071, while the Nifty 50 added over 172 points (0.74%) to end at 23,581, rebounding after recent sharp losses. At the interbank foreign exchange, the local unit opened at 92.35 and hit the lowest intra-day level of 92.47 against the greenback. The unit finally ended at a new lifetime low of 92.42.
From fans to factories: Atomberg considers supply of parts to appliance makers
Atomberg is expanding beyond consumer appliances into supplying motors, controllers and other components to manufacturers, betting on India’s push to localize electronics and appliance supply chains. The move could open a new growth engine for the company as it prepares for a public listing.
Market volatility is a portfolio reset opportunity: Utpal Sheth
Speaking to CNBC-TV18 on the red carpet of the 21st India Business Leader Awards, Utpal Sheth of Trust Group and Deven Choksey of DRChoksey FinServ said market volatility should be seen as an opportunity rather than a risk. Sheth advised investors to focus less on timing the market and more on identifying strong companies that can emerge as leaders during disruptions, while Choksey said Indian businesses remain resilient despite supply chain shocks and cost pressures, supported by steady consumer demand and continued government spending.
Stock to buy: UBS sees strong upside in Aquaguard-maker Eureka Forbes
UBS initiated coverage on Eureka Forbes with a 'Buy' call, identifying it as a 'steady earnings compounder' with under-appreciated scale advantages in water purifiers and services. The brokerage set a target price of Rs 640, citing market growth driven by health awareness and expanding consumer base.
India's retail inflation rises to 3.21% in February
Indias retail inflation stood at 3.21% in February, according to data released on Thursday. The Consumer Price Index (CPI)-based inflation had stood at 2.75% in January under the revised CPI series with 2024 as the base year. The latest inflation print comes at a time when tensions involving Iran, Israel and the United States have raised concerns about disruptions to global oil supplies. Year-on-year inflation rate based on All India Consumer Price Index (CPI) with base year 2024 for the month of February, 2026 over February, 2025 is 3.21%(Provisional), the Ministry of Statistics & Programme Implementation stated. Corresponding inflation rates for rural and urban are 3.37% and 3.02%, respectively. Year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the month of February, 2026 over February, 2025 is 3.47% (Provisional). Corresponding inflation rates for rural and urban are 3.46% and 3.48%, respectively. Year-on-year Housing inflation rate for the ..
Wipro shares in focus after bagging transformative deal from US-based TruStage, ADR volatility
Wipro's experience innovation arm Designit will also collaborate with the team to reimagine TruStage's tech stack and consumer delivery model.
Choked shipping routes jolt Indian manufacturers
India's manufacturing sector faces disruption due to the Iran war. Critical shipping routes are threatened, impacting automakers and component makers. Consumer goods and electronics exporters are already halting shipments and production. Industry bodies seek government support for fuel supplies. Companies are assessing supply chain risks, with some setting up crisis teams.
Hindustan Zinc signs MoU with CMR Green for alloy manufacturing in Rajasthan
The Vedanta Group firm said the facility will focus on producing high-quality, low-emission zinc alloys used in sectors such as automotive, infrastructure, die-casting and consumer goods. Shares of Hindustan Zinc Ltd closed at ₹590, up ₹15 or 2.61%, on the NSE today, March 10.
Dixon Technologies (India) Ltd Surges 4.13%, BSE Consumer Durables index Gains 1.18%
Dixon Technologies (India) Ltd has lost 11.24% over last one month compared to 2.11% fall in BSE Consumer Durables index and 6.91% drop in the SENSEX
Markets in ‘fear phase’, deploy money in autos, banks, capital goods: AlfAccurate’s Rajesh Kothari
The sharp correction in Indian equities triggered by fears of a prolonged war in West Asia should be viewed as a buying opportunity, according to Rajesh Kothari, Managing Director at AlfAccurate Advisors.Benchmark indices declined nearly 3% this week — their steepest weekly fall in over a year — as rising crude oil prices and geopolitical tensions rattled investor sentiment. Financial stocks led the decline, with the Nifty Bank logging its biggest weekly drop in 14 months.However, Kothari believes the selloff reflects sentiment rather than a deterioration in underlying economic fundamentals.“We are currently in a fearful phase of the market. When others are fearful, that’s usually the time to be greedy,” Kothari told CNBC-TV18, advising investors to deploy money gradually over the next 30–60 days rather than attempting to time the market.He emphasised that the outcome of the West Asia conflict is less important for markets than its duration. While companies with exposure to the Middle East could face short-term uncertainty, the broader domestic growth story remains intact.Against this backdrop, Kothari highlighted four sectors that investors should focus on.Autos remain a key bet, supported by strong demand trends and low inventory levels across the industry. February sales data was robust, and leading automakers have reported healthy growth, signalling sustained momentum.Banking and financials are another preferred sector. Credit growth has improved to around 13% from about 8.5% earlier, while asset quality remains strong. According to Kothari, the sector could become a “strong buy on declines” if crude-driven inflation concerns ease.He also sees opportunities in capital goods, particularly companies reporting strong order inflows as India’s investment cycle picks up.Lastly, hospitals stand out as a defensive play. The sector remains largely insulated from geopolitical risks and technological disruptions such as artificial intelligence.“These are strong India stori