Market News
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40% of Nifty 50 firms faced EPS cuts amid March selloff: Check which stocks saw biggest cuts and upgrades
Indian markets experienced a sharp downturn in March, with Nifty 50 companies seeing significant EPS estimate cuts, particularly in aviation and infrastructure, due to soaring oil prices. InterGlobe Aviation faced the largest reduction. Conversely, oil & gas and metals sectors witnessed upgrades. Escalating US-Iran tensions continue to fuel investor concerns and oil price hikes.
Sensex drops 300 points, Nifty below 22,650 as Trump's threats to Iran push oil above $110/barrel
Indian stock market got off to a negative start after US President Donald Trump's increased threats towards Iran. Consequently, oil prices surged above $110 per barrel. Major companies like IndiGo, Kotak Mahindra Bank, and Reliance Industries experienced significant losses.
Saudi Arabia and Russia to drive more than 60% of oil production increments from May
Russia and Saudi Arabia will provide 60 per cent of the total production increments scheduled for May 2026, leading a collective move by eight OPEC+ nations to adjust voluntary output levels.
IndiGo shares give up half of Wednesday's gains after oil jump, HSBC target cut
IndiGo said it has only partially passed on the higher fuel costs to customers in a bid to support demand.
Asia buys most US oil in years as Iran war blocks Mideast flows
Asian nations are buying the most US oil in three years. This surge is driven by the Strait of Hormuz crisis disrupting Persian Gulf crude supplies. Buyers include Japan, South Korea, Taiwan, Singapore, and Thailand. This shift impacts global oil markets and shipping. The increased demand benefits US oil producers.
Raja Venkatraman, MarketSmith recommend five stocks for 20 March
On March 19, Nifty 50 and Sensex dropped over 3% due to HDFC Bank chairman's resignation and rising crude oil prices. Analysts recommend buying Ipca Laboratories, Great Eastern Shipping, Colgate Palmolive, Glenmark Pharmaceuticals, and Power Finance Corporation amid market volatility.
Israel PM Benjamin Netanyahu's statement triggers a cool-off in oil prices
US treasury secretary Scott Bessent said that the US is looking at easing sanctions on Iran oil to bring prices down and may also look at a unilateral release of some SPR reserves of its own, beyond the ones committed to the International Energy Agency. Trump Administration officials also said that there are no plans to ban the exports of oil and gas.
Strait of Hormuz tensions escalate as Iran targets regional energy infrastructure
In a dramatic turn of events, Iran has intensified its offensive against oil and gas installations across the Gulf, a direct response following an Israeli airstrike near the vital Strait of Hormuz. This escalating conflict places nearby shipping interests in jeopardy, with reported damage to vessels off both the UAE and Qatar.
IndiGo, Asian Paints, other crude-sensitive shares plunge up to 4% as oil soars back above $110
Crude-sensitive stocks including airlines, paint and tyre makers fell up to 4% as Brent crude surged above $110 amid escalating geopolitical tensions. Rising oil prices are expected to pressure margins and fuel costs, with analysts warning of potential impact on India’s macroeconomic indicators if elevated prices persist.
These high-yielding energy plays could be a ‘win/win,’ regardless of what happens with oil, Bank of America says
Oil price volatility impacts stocks, but Bank of America suggests master limited partnerships (MLPs) for portfolio income. MLPs offer 3% yields and tax benefits.
$200 crude oil scenario: How Reliance Industries, ONGC & OMCs stack up
Global oil prices are soaring, threatening India's import-reliant economy. A potential $200 per barrel scenario looms, impacting refiners and oil marketing companies severely. While Reliance Industries shows resilience, upstream players like ONGC face price caps. Gas companies grapple with supply route disruptions, potentially affecting industrial users and CNG availability.
As war with Iran hurts oil prices, US turns to Iranian boats for help
The United States has temporarily eased sanctions to allow tankers linked to Iran’s “ghost fleet” to transport and sell Russian oil, aiming to ease soaring global oil prices amid the Middle East war. The move reflects the urgency to boost supply as disruptions in the Persian Gulf have sharply reduced oil flows and pushed prices higher.