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Top Gainers & Losers on March 02: IndiGo, RVNL, Syrma SGS, LT Foods, Swiggy, OLA among top losers today
On March 2, the Indian stock market fell over 1% amid rising Middle East tensions after US and Israeli attacks on Iran. Iran retaliated, raising fears of war and causing crude oil prices to spike, with Saudi Aramco halting operations at a refinery following a drone strike.
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.
Stock Market Sell-Off: Here's a list of stocks impacted due to the Iran war
From ONGC and Oil India to IndiGo, rice exporters and defence stocks, here is a list of names that have been impacted due to the ongoing war in Iran.
Explained — How rising oil prices will have a negative impact on shares of IndiGo
For every $5 per barrel increase in brent price, IndiGo's Earnings Per Share (EPS) is likely to be impacted by 13%, according to brokerage firm JM Financial.
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.
Closing Bell: Sensex, Nifty end flat amid volatility; pharma, oil & gas gain, media falls
Bharat Electronics, Adani Ports, Sun Pharma, Bharti Airtel, Maruti Suzuki were among major gainers on the Sensex, while losers were Power Grid Corporation, Trent, Bajaj Finserv, HDFC Bank and Eternal. Among sectors, auto, pharma, oil & gas, PSU Bank telecom, metal added 0.4-1%, while media index shed 0.7%. Nifty Midcap index rose 0.6%, while smallcap index ended flat.
BPCL, Eternal, IndiGo, other crude-sensitive stocks fall up to 3% as Brent oil touches two-week high
Since the ceasefire began on April 8, Trump has repeatedly warned of resuming the bombing on Iran, adding to concerns over disruptions in global oil supplies.
Crude oil surge impact: Auto, metal shares plunge up to 4.5%; Tata Motors PV, M&M, JSW Steel lead losses
Auto stocks also remained under pressure, with all 15 constituents of the Nifty Auto index trading lower.
Nifty top losers today: IndiGo, SBI, Tata Motors stocks among biggest drags as oil shock rattles markets
Among the Nifty top losers today, IndiGo stock plunged about 5.4 percent, making it the biggest decliner on the index. State Bank of India fell around 5.1 percent. Auto stocks also featured prominently among the losers.
IndiGo jumps 7%, HPCL rallies 6%; aviation, OMC, paint and tyre stocks surge as crude prices tumble 6%
IndiGo jumped over 7 percent and HPCL surged nearly 7 percent on Wednesday as aviation, paint, tyre and oil marketing stocks rallied after crude oil prices tumbled on hopes of a possible US-Iran deal.
SCI, other shipping stocks rise up to 5% as US, Iran reach peace deal to reopen Strait of Hormuz
The waterway typically handles about one-fifth of global oil supplies and is a key transit corridor for crude oil, liquefied natural gas and other cargo shipments.
IndiGo, SpiceJet shares to remain in focus on Monday as aviation fuel prices kept unchanged for domestic carriers
State-owned Indian Oil Corporation said early on Friday that ATF prices for scheduled domestic airlines have not been revised, offering some relief to the sector.