Market News
Stay updated with the latest market trends, earnings, and economic indicators.
PSU banks better placed than private peers amid uncertainty, says LGT Wealth CIO
Chakri Lokapriya, CIO-Equities at LGT Wealth India, says geopolitical tensions and rising crude prices have created uncertainty for India, especially given its heavy oil import dependence. While sectors like textiles and PLI-linked electronics may still grow, margin pressures and a weaker rupee could weigh on profitability. He adds PSU banks remain relatively better placed than private peers due to strong government-led infrastructure spending, though prolonged high oil prices could impact treasury gains.
Asian Paints, HUL may need bigger price hikes if crude remains elevated, CLSA warns
The brokerage said that if crude oil prices remain elevated for an extended period, the benefits from any potential goods and services tax cuts may fade.
Iran Targets 10 Oil Tankers As It Takes Full Control Of Strait Of Hormuz
Iran's Revolutionary Guard Corps has seized 'full control' of the Strait of Hormuz.
March Madness in Markets: Crude Oil, Chip Stocks, and Critical Data in Focus - Investing.com India
March Madness in Markets: Crude Oil, Chip Stocks, and Critical Data in FocusInvesting.com India
Iran Guards claim ‘complete control’ of Strait of Hormuz, warn ships face missile and drone risk
Israel-Iran War: The Iranian Revolutionary Guard Corps has stepped forward with a significant statement, claiming sovereignty over the pivotal Strait of Hormuz—a corridor that facilitates a vast amount of the world's oil and gas shipments. Their cautionary note to vessels indicates potential threats from missiles or drones, coinciding with a surge in regional tensions.
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.
Asian Paints, other paint stocks plunge up to 6% as Israel-Iran war fuels rally in crude oil prices: What lies ahead?
Paint stocks like Asian Paints and Indigo Paints plunged up to 6% as crude oil prices surged due to escalating Middle East tensions following attacks on Iran. The conflict, particularly around the Strait of Hormuz, has raised concerns about oil supply disruptions, directly impacting paint companies reliant on petroleum-based derivatives and pressuring their profit margins.
Watch | A war trade will be on oil and not on gold, says Rohit Srivastava
Indiacharts and Strike Money founder Rohit Srivastava said gold may not sustain sharp gains despite geopolitical uncertainty, as it typically rallies briefly before correcting. He believes oil offers a stronger trading opportunity, noting that WTI crude has broken above the $70.5 per barrel resistance level. If prices hold above this mark and tensions escalate, oil could potentially move toward $100 per barrel, making energy markets the primary focus during conflict-driven volatility.
Watch | Gurmeet Chadha & Devina Mehra on market strategy amid West Asia tensions
Devina Mehra, Founder, Chairperson and Managing Director of First Global and Gurmeet Chadha, Managing Partner & CIO of Complete Circle say geopolitical tensions may trigger short-term volatility but not a lasting bear market. Mehra advises using market dips to deploy cash, noting past conflicts fade from markets and crude spikes are usually temporary. She prefers autos, pharma and select cyclicals. Chadha remains overweight defence, citing opportunities in Solar Industries, Bharat Electronics and Zen Technologies, while also watching refiners amid oil price swings.
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.
Iran-Israel Conflict: Strait Of Hormuz In Focus Again — Why Is It So Significant?
US and Iran have attacked Iran, bringing the Strait Of Hormuz back in focus. According to the EIA, roughly 82% of crude oil and fuel transported via the Strait is delivered to Asia.
US stock futures edge lower ahead of weekly jobless claims data
US stock futures fall: Nvidia beats earnings, Salesforce drops on weak outlook. Gold up on tariff worries, oil down on oversupply. Focus on Warner Bros., Dell, CoreWeave.