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UBS downgrades HPCL, BPCL, IOC stocks as crude prices breach $100/barrel
UBS' Global Oil team has also raised their near-term oil price forecasts, Q1-26E to $71/bbl (around $80/bbl for March), and the average for 2026 to $72/bbl
Stocks to watch: PB Fintech, Kwality Walls, Tata Power among 10 shares in focus on Monday
Stock market today: The Indian stock market benchmark indices, the BSE Sensex and Nifty 50, are likely to open sharply lower on Monday, tracking a global market sell-off as crude oil prices surged
Stocks in news: Kwality Walls, AU Small Finance Bank, YES Bank, PB Fintech, Tata Power
Indian markets faced pressure on Friday, losing some recent gains due to cautious global sentiment and profit-taking. Several companies like PB Fintech, Kwality Walls, Cipla, AU Small Finance Bank, YES Bank, and Tata Power are in focus. Block deals occurred in PB Fintech. Kwality Walls reported Q3FY26 revenue. Cipla is recalling medication in the US.
US drafts rules for sweeping power over Nvidia’s global sales
The Trump administration may regulate AI chip exports, requiring US approval for Nvidia and AMD shipments. This aims to maintain US dominance in AI and limit China's AI ambitions.
The two defence stocks this portfolio manager likes
Conrad Saldanha, MD & Portfolio Manager of Neuberger Berman, says market uncertainty due to Middle East tensions has created selective long-term opportunities. He sees attractive valuations emerging in global IT services after a sharp correction, while tech fundamentals remain strong. In India, he is selectively adding large caps like Reliance Industries and Bharti Airtel and likes IT midcaps such as Coforge and Persistent Systems as well as defence play Data Patterns, on weakness. Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
China sets a lower economic growth target of 4.5% to 5% for 2026 as challenges loom
China targets 4.5% to 5% growth for 2023 amid property slump and global uncertainty. Premier Li Qiang announced the goal, focusing on structural adjustments and tech ambitions.
Apollo’s Zito Sees Private Credit Pain Lasting Up to 18 Months
Apollo Global Management Inc.’s John Zito said the turmoil facing private credit could endure well into next year, but downplayed the idea that the wave of withdrawals in some funds are a problem.
US Fueling Wars To Stop India, China From Becoming Global Powers, Says Khamenei's Envoy To New Delhi
A man holds an Iranian flag as he looks at the damaged facade of Gandhi Hospital, which was hit Sunday during the joint US-Israeli military strikes in Tehran.
Tata Motors PV shares fall over 5%, tracking the broad slump in auto index
Tata Motors’ domestic passenger vehicle sales rose 34% YoY to 62,329 units in February, while EV sales jumped 57% to 8,385 units. However, a cyber incident at Jaguar Land Rover caused a Q3 loss of Rs 3,486 crore and a 26% drop in revenue. Analysts say the stock remains sensitive to JLR performance, global demand, and margin recovery.
Paras Defence shares soar 11% after MoU with Korea’s Green Optics. Check details
Paras Defence shares surged on Wednesday following a significant announcement. The company has partnered with South Korea's Green Optics. This collaboration focuses on optics and optical systems for space and defence sectors. The deal aims for joint development and business expansion. Defence stocks are also showing strength amid global tensions. Paras Defence has delivered strong returns over the past year.
On a War-footing: Reinsurers move to rework marine, aviation policies as West Asia tensions rise
Global reinsurers are reviewing war risk insurance for ships and planes due to rising tensions in West Asia. The Strait of Hormuz is now seen as a high-risk combat zone. Premiums for war risk are expected to increase significantly. Some hull policies have already been cancelled or repriced. Cargo policies are still under review.
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.