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Oil above $100 could widen current account deficit, pressure rupee: Emkay
Madhavi Arora, Chief Economist, Emkay Global Fin Services, says the RBI may prioritise financial stability over inflation if crude prices remain elevated. Oil above $100 could widen India’s current account deficit and pressure the rupee, while the central bank may have to balance currency intervention with domestic liquidity management. She noted inflation risks remain limited for now as fuel price increases have not been fully passed on to consumers.
Crude-led volatility may be short-lived; Quantum AMC sees opportunities in banks, IT, cement, realty
George Thomas, Fund Manager – Equity at Quantum AMC, believes the recent jump in crude oil prices, triggered by geopolitical tensions, could temporarily push inflation higher and weigh on global macro conditions. He noted that the base case remains that the tensions may not stretch for a long period. The situation could last for a few weeks or possibly a month, but may not drag on for much longer. If that plays out, crude prices could reverse just as quickly as they moved up. Despite the uncertainty, he believes current market levels offer reasonable entry points as the earnings cycle remains supportive. His fund has been adding exposure to a real estate company and increasing weights in select private banks, IT services firms and a cement player.
RBI to conduct Rs 1 lakh crore OMO purchase of G-Sec
The Reserve Bank of India (RBI) on Friday said it will conduct Rs 1-lakh crore open market operation (OMO) purchase of government securities in two tranches on March 9 and March 13. Each tranche of the auction will consist of Rs 50,000 crore, it said. The OMO purchase auction was announced following a review of the current liquidity and financial conditions, RBI said in a release.
Miner BHP’s Australia Boss Is In Running for Top Job at Woodside
Geraldine Slattery — head of BHP Group’s Australian business and widely seen as a favored candidate to follow current boss Mike Henry — is in the running for the top job at Woodside Energy Group, according to people familiar with the situation.
'Biggest risk for aviation is geopolitics, long-term conflict could hit demand': Boeing
Boeing's senior vice-president Brendan Nelson warns that ongoing geopolitical conflicts pose a significant risk to global aviation demand. While current demand for Boeing's aircraft remains strong, a protracted war in West Asia could negatively impact airlines. Nelson highlighted that aviation is increasingly entangled in geopolitical issues.
Euler Motors calls for relaxation of auto PLI criteria to enable EV start-ups participation
Euler Motors, a leading electric vehicle start-up, calls for changes to India's automotive PLI scheme. Current high revenue and investment thresholds exclude promising companies like Euler Motors. Relaxing these criteria would allow EV start-ups to benefit and contribute more significantly to India's green mobility goals. The company highlights its substantial investments and employment generation as reasons for inclusion.
Avoid chasing metal rally; focus on domestic sectors: Jyotivardhan Jaipuria
Jyotivardhan Jaipuria, Founder & MD of Valentis Advisors, says market corrections during geopolitical conflicts historically present buying opportunities, though investors should stagger investments due to oil and gas risks. He remains positive on banks, select capital goods and pharmaceuticals, while continuing to hold metals but avoiding fresh buying at current levels. Export-oriented sectors like chemicals may face near-term pressure from higher logistics and raw material costs.
Russia oil waiver via India a temporary step to keep prices down, says American Energy Secy
Wright further asserts that record-breaking US oil and gas production has kept current fuel prices significantly lower than the previous administration’s peak.
Watch | Rahul Sharma's make-or-break level for the Nifty is still 1,000 points away
JM Financial’s Rahul Sharma said the Nifty remains in a narrow market phase where a limited number of stocks are supporting the index, similar to the trend seen in 2017–18. He said the index has immediate support at 24,000, while 23,500 is the key “make-or-break” level for the current market structure. Sharma believes any correction could offer buying opportunities in quality stocks, highlighting public sector banks, PSUs and select large-cap names such as Larsen & Toubro, State Bank of India and Titan.
India’s MF industry could hit ₹800 lakh crore in 10 years: Raamdeo Agrawal
India’s mutual fund industry could grow ten-fold in the next decade, reaching ₹600–800 lakh crore in AUM, up from the current ₹80 lakh crore, predicts Raamdeo Agrawal.
Trade Setup for March 6: 24,700 remains a hurdle for the Nifty as uncertainties persist
Despite today's rebound, the market is not completely out of the woods yet, and the current move may still be considered a pullback as long as the Nifty trades below the 25,200 level.
Lupin shares hit 52-week high after registering gains for six consecutive months
Lupin is on track to hit $1 billion in US sales this fiscal year. Its US revenue guidance is above $1 billion for the financial year 2027. Its margins are estimated to be between 26% - 27% for the current year and 25% for the next year as research and development (R&D) expenses rise.