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Markets tend to adjust to geopolitical shocks over time: Manulife Investments
Marc Franklin, Deputy Head of Multi Asset Solutions-Asia at Manulife Investments, says markets welcomed signals that the conflict may not be prolonged, easing fears after the recent oil price spike. However, investors remain cautious amid persistent geopolitical risks. He expects markets to remain volatile but range-bound in the coming weeks, with oil already pricing in significant geopolitical risk, while equities have begun to adjust to the uncertainty.
Airline stocks recover: IndiGo, SpiceJet soar up to 8% on hopes of US-Iran war ending soon, fall in crude oil prices
IndiGo and SpiceJet rebound on March 10 due to a significant drop in crude oil prices and optimism about easing US-Iran tensions. The decline in oil prices raised hopes for stabilizing airline operations after recent disruptions.
SENSEX rises 400 pts, NIFTY tops 24,100 amid easing oil prices, hopes of de-escalation in West Asia; India VIX down 12%, IndiGo up 4% - Upstox
SENSEX rises 400 pts, NIFTY tops 24,100 amid easing oil prices, hopes of de-escalation in West Asia; India VIX down 12%, IndiGo up 4%Upstox
Higher input costs likely to erode chemical companies' profits
Rising US-Iran tensions are impacting Indian chemical makers. Higher crude oil prices are increasing input costs for essential materials like methanol. Shipping delays and rerouting are adding to expenses. This situation affects companies reliant on imports from the Gulf. The fertilizer industry also faces supply shortages. These factors are squeezing profit margins for many Indian chemical and fertilizer producers.
Restaurants raise concern about potential LPG cylinder shortage to Oil Minister Puri
The National Restaurant Association of India has alerted the Petroleum Minister about a possible shortage of commercial LPG cylinders. This could lead to widespread restaurant closures. The Bangalore Hotels Association is considering a protest. The government must ensure uninterrupted supply as the hotel industry is an essential service.
Avoid OMCs; prefer defence and summer plays: Chola Securities
Dharmesh Kant, Head of Research at Chola Securities, says oil marketing companies remain largely avoidable as they are cyclical, commodity-linked businesses with limited long-term wealth creation potential, especially as renewable energy gains share. He advises selective buying in market declines, favouring defence stocks like BEL and HAL and summer-linked plays such as LG Electronics and Blue Star. Kant also sees corrections in InterGlobe Aviation as a potential long-term buying opportunity despite near-term volatility.
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.
Dubai index slides 4% as oil soars on escalating Iran conflict
UAE stock markets saw a sharp decline early Monday. This downturn extended previous losses. The US-Israeli conflict with Iran is widening. Oil prices surged over 25 percent. This jump is due to supply cuts and fears of prolonged shipping disruptions in the Strait of Hormuz. Brent crude saw its biggest daily gain since 1988.
IndiGo Share Price Falls 8% Amid Rising Oil Prices | Stock Market Today - Samco
IndiGo Share Price Falls 8% Amid Rising Oil Prices | Stock Market TodaySamco
Asian Paints, Berger & other paint stocks fall up to 5% on oil's 29% spike amid Mideast tensions. More pain ahead?
Shares of Asian Paints, Berger Paints and Indigo Paints fell sharply on Monday after crude oil prices surged nearly 29% amid escalating Middle East tensions. Rising oil costs threaten to increase raw material expenses for paint makers, sparking concerns about margin pressure and further downside risk for the sector.
IndiGo share price crashes 8% on rising oil prices, declines 11% this month. Do you own?
Indigo stock opened at ₹4,150 apiece on Monday, as compared to the previous close of ₹4,404 on Friday. On March 6, the aviation stock closed around 2.41% lower, resuming its downward streak.
Oil Stocks IOC, HPCL, BPCL Face The Brunt As Crude Prices Skyrocket
Share prices of Oil Marketing Companies (OMC) faced the brunt on Monday as the oil price surged$114 per barrel for the first time since 2022 on Monday after the Iran war intensified, threatening production and shipping in the Middle East.