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INR settles at new lifetime low as soaring oil prices dampen sentiments
The Indian rupee declined 14 paise to settle at an all-time low of 92.42 (provisional) against the US dollar on Tuesday, pressured by rising crude oil prices and sustained outflow of foreign funds amid the West Asia crisis. A positive trend in domestic equity markets also helped the domestic currency at the lower level, even as investors remained watchful of the US Federal Reserve's interest rate decision. Indian stock markets closed significantly higher for the second consecutive session, driven by gains in auto and metal sectors despite volatility. The Sensex jumped 568 points (0.75%) to close at 76,071, while the Nifty 50 added over 172 points (0.74%) to end at 23,581, rebounding after recent sharp losses. At the interbank foreign exchange, the local unit opened at 92.35 and hit the lowest intra-day level of 92.47 against the greenback. The unit finally ended at a new lifetime low of 92.42.
Metal stocks in focus: JSW Steel, Jindal Stainless, Hindalco on investors' radar today
While JSW Steel has announced plans to develop a coking coal mine in Mozambique, Jindal Stainless has flagged fuel availability constraints impacting plant operations. Meanwhile, Hindalco has clarified that its aluminium extrusions operations have not been halted following a recent news report.
MFs pull back: Stakes cut in 11 smallcap stocks in Q3 after two quarters of buying
Mutual funds have sold shares in 67 BSE small-cap companies. This move follows two quarters of buying. Many of these stocks have seen their prices drop significantly this fiscal year. Some have gained substantially. However, the focus is on the major losers. This shift in mutual fund strategy warrants investor attention.
Markets in ‘fear phase’, deploy money in autos, banks, capital goods: AlfAccurate’s Rajesh Kothari
The sharp correction in Indian equities triggered by fears of a prolonged war in West Asia should be viewed as a buying opportunity, according to Rajesh Kothari, Managing Director at AlfAccurate Advisors.Benchmark indices declined nearly 3% this week — their steepest weekly fall in over a year — as rising crude oil prices and geopolitical tensions rattled investor sentiment. Financial stocks led the decline, with the Nifty Bank logging its biggest weekly drop in 14 months.However, Kothari believes the selloff reflects sentiment rather than a deterioration in underlying economic fundamentals.“We are currently in a fearful phase of the market. When others are fearful, that’s usually the time to be greedy,” Kothari told CNBC-TV18, advising investors to deploy money gradually over the next 30–60 days rather than attempting to time the market.He emphasised that the outcome of the West Asia conflict is less important for markets than its duration. While companies with exposure to the Middle East could face short-term uncertainty, the broader domestic growth story remains intact.Against this backdrop, Kothari highlighted four sectors that investors should focus on.Autos remain a key bet, supported by strong demand trends and low inventory levels across the industry. February sales data was robust, and leading automakers have reported healthy growth, signalling sustained momentum.Banking and financials are another preferred sector. Credit growth has improved to around 13% from about 8.5% earlier, while asset quality remains strong. According to Kothari, the sector could become a “strong buy on declines” if crude-driven inflation concerns ease.He also sees opportunities in capital goods, particularly companies reporting strong order inflows as India’s investment cycle picks up.Lastly, hospitals stand out as a defensive play. The sector remains largely insulated from geopolitical risks and technological disruptions such as artificial intelligence.“These are strong India stori
Avoid chasing metal rally; focus on domestic sectors: Jyotivardhan Jaipuria
Jyotivardhan Jaipuria, Founder & MD of Valentis Advisors, says market corrections during geopolitical conflicts historically present buying opportunities, though investors should stagger investments due to oil and gas risks. He remains positive on banks, select capital goods and pharmaceuticals, while continuing to hold metals but avoiding fresh buying at current levels. Export-oriented sectors like chemicals may face near-term pressure from higher logistics and raw material costs.
Dipan Mehta on where to invest as metal rally cools
Elixir Equities Director Dipan Mehta said the recent fall in ferrous and non-ferrous stocks reflects broader market weakness after a sharp rally in metal prices, with many positives already priced in. He expects these stocks to deliver market-level returns rather than outperform. Mehta advised investors to focus on large, high-quality companies during the correction, citing Larsen & Toubro, InterGlobe Aviation and Bajaj Finance as examples, while also noting opportunities emerging in select mid-cap sectors.
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.
Market Meltdown: Nifty, Bank Nifty Slide as Oil Surges & Rupee Hits All-Time Low | Closing Bell
Global tensions trigger a sharp sell-off across markets as Indian equities witness a “Fearful Friday” on Dalal Street. The Nifty plunges 5% for the week, marking its biggest weekly fall in four years, while frontline indices are now 11–13% below record highs. Oil prices surge past $101, the rupee hits a fresh all-time low, and metal, auto, and midcap stocks lead the broad-based decline. Is this just panic selling or the start of a deeper correction? Catch Surabhi Upadhyay in conversation with market experts decoding the market meltdown, global risks, and what investors should do next.
Sensex Today | Stock Market Live: Sensex jumps 230 pts, Nifty above 23,900; KPIT Tech slips 10% on softer Q1 outlook
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices extended the opening gains and trading around 23950. Except metal, all other sectoral indices are trading in the green with auto, FMCG, media up 1-1.5%. Nifty Midcap index trade flat and Smallcap index up 0.4%. Titan Company, M&M, Eternal, Sun Pharma, Bajaj Auto were among major gainers on the Nifty, while losers were Bajaj Finserv, HDFC Life, Coal India, Tech Mahindra, Interglobe Aviation.
Closing Bell: Day 2 of gains pushes Nifty above 23,550, Sensex up 568 pts led by auto, metal, realty
Nifty midcap index rose 1 percent, while smallcap index added 0.65 percent. Eternal, Tata Steel, M&M, HDFC Life and Bharat Electronics were among top gainers on the Nifty, while losers were Wipro, Tata Consumer, Infosys, Cipla, ITC. Among sectors, except FMCG ( down 0.7%) and IT (down 1%), all other indices ended in the green with capital goods, telecom, auto, infra, media, metal, realty, private bank up 1-2 percent.
Closing Bell: Market sinks on ceasefire worries; Nifty below 23,800, Sensex tanks 950 pts
On the sectoral front, oil & gas, PSU Bank, Infra, Consumer Durables, and Private Bank shed between 0.4-2%, while metal, power, pharma added 0.5-1%. L&T, Interglobe Aviation, HDFC Bank, Shriram Finance, Jio Financial are among biggest losers on the Nifty, while gainers included Dr Reddy's Labs, Hindalco, Bajaj Auto, Bharat Electronics, ONGC. Nifty Midcap and Smallcap ended on a flat note.
Closing Bell: Market fails to hold gains, end lower amid late selling
Biggest Nifty losers were HDFC Bank, ONGC, HDFC Life, Titan Company, Apollo Hospitals, while gainers included Hindalco Industries, Trent, Adani Enterprises, Adani Ports and Eternal. Among sectors, IT, capital goods and metal indices gained 1% each, while auto, bank, oil & gas ended lower. The Nifty midcap index rose 0.6 percent and smallcap index added nearly 1 percent.