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Asian stocks head for worst week in six years as West Asia conflict escalates
Higher oil prices have also revived concerns about inflation and monetary policy. Treasury yields rose during the previous US session as investors weighed the possibility that persistent energy price pressures could complicate the Federal Reserve’s rate-cut path.
Explained — How RIL, MRPL, Chennai Petro may benefit from China's latest move
All the refiners including oil marketing companies (OMCs), all gain in their refining business because of this jump in diesel, according to Dayanand Mittal of JM Financial.
Indices slide sharply amid Iran war jitters and crude price spike
The domestic equity benchmarks ended sharply lower on Wednesday as investors turned risk-averse amid escalating geopolitical tensions and a sharp surge in crude oil prices. The ongoing conflict involving the United States, Israel and Iran unsettled global markets, while the reported closure of the Strait of Hormuz pushed oil prices higher, raising concerns over inflation and energy costs. Sentiment was further dented by heavy selling from foreign institutional investors and the rupee slipping to a record low. Against this backdrop, the Nifty closed below the 24,500 mark. Barring the Nifty IT index, all other sectoral indices on the NSE ended in the red, with metal, PSU bank and oil & gas stocks leading the decline.
Mangalore Refinery and Petrochemicals declares force majeure on gasoline export cargoes for March, April
India's Mangalore Refinery and Petrochemicals has declared force majeure on all gasoline export cargoes for March and April due to the ongoing Middle East conflict disrupting crude oil flows. The state-run refiner, which exports 40% of its refined fuel, cited circumstances beyond its control for the contractual inability to fulfill orders.
Infosys, TCS and other IT stocks rise up to 2% despite weak market mood. What’s driving the resilience?
Indian IT shares surged on Wednesday, defying a market downturn. Infosys, TCS, and Wipro saw gains of 2.25%. This rebound follows a sharp correction last month. A weaker Rupee and oversold conditions are boosting IT stocks. Meanwhile, global tensions and rising crude oil prices impacted the broader market.
Rupee crosses 92 per dollar for the first time ever
The Indian rupee hit an all-time low of 92.02 per US dollar on March 4, driven by escalating US-Israeli strikes on Iran and rising crude oil prices. Brent crude rose over 1% to $82.32 per barrel.
Trade Setup for March 2: Nifty braces for Monday chaos after US, Israel attack Iran
Before the markets open here in India, the bigger reaction will be seen on other asset classes beyond equities. Crude oil prices, Gold prices, moves on the US Dollar, the Yen, all of which will be significant and keenly monitored by the street. In fact, Barclays has already written in a note to clients that oil prices could go up to as high as $100 per barrel.
Stocks to Watch for March 2: Oil Sensitives, Tourism Stocks, Gold Financiers, Tata Motors CV, and more
The US and Israel's attacks on Iran and the subsequent retaliation in the Middle East has thrown almost every sector in the spotlight for Monday. From Crude oil sensitives, to Metal stocks, to tourism stocks, and even stocks that have exposure to the middle east, such as L&T, Welspun Corp, Kalyan Jewellers, and others. Here's a look at this comprehensive list of stocks that will be in focus on Monday.
US-Iran War blows double whammy to India: From oil bills to diplomatic tightrope walk, from trade disruptions to stock market fall, all explained - DNA India
US-Iran War blows double whammy to India: From oil bills to diplomatic tightrope walk, from trade disruptions to stock market fall, all explainedDNA India
Watch | Sanjay Parekh on where he sees value in banks, IT, cement and telecom stocks
Sohum Asset Managers’ Founder & CIO, Sanjay Parekh, says markets look sluggish despite improving macro conditions, with Q3 Nifty earnings near 8–9%. He sees recovery in CVs (Ashok Leyland), credit growth at ICICI Bank and gradual picka a up in cement and steel. Portfolio stays domestic-focused: overweight telecom, NBFCs, industrials, cement, utilities, ports and logistics; underweight oil & gas and banks, zero FMCG. Watching IT names like Infosys and TCS, mid-cap tech (Persistent, Coforge, Mastek), defence HAL, quick commerce Zomato and Swiggy, and capital goods L&T, JSW Energy.
Oil India among 4 stocks showing bullish RSI upswing
Four Nifty500 stocks including Oil India, Tata Investment Corporation, Godrej Industries and Newgen Software Technologies showed bullish momentum on February 19, with RSI crossing above 50. The RSI Trending Up scan indicates strengthening price momentum, signalling potential upward movement and offering traders cues for identifying short-term buying opportunities in these stocks.
Stocks get tech boost amid strong economic reports
US stocks climbed as S&P 500 rose nearly 1 percent, driven by strong economic data and easing AI disruption fears. Oil jumped, tech and software stocks rebounded, and IPO activity slowed.