Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Strike forces fresh halt to oil loading at UAE’s Fujairah port, underscoring risks to global supplies
Port of Fujairah, a vital UAE oil hub, faced another strike. Oil loading operations were suspended. This follows a recent drone attack that caused a fire. The port bypasses the Strait of Hormuz. These repeated disruptions highlight energy supply risks. Crude futures have risen amid fears of further attacks.
Solex Energy Gets ALMM Capacity Approval | ideaForge Launches NATO Drone Training Programme | Top Buzzing Stocks Today - Equitymaster
Solex Energy Gets ALMM Capacity Approval | ideaForge Launches NATO Drone Training Programme | Top Buzzing Stocks TodayEquitymaster
Solex Energy Gets ALMM Capacity Approval | ideaForge Launches NATO Drone Training Programme | Top Buzzing Stocks Today - Equitymaster
Solex Energy Gets ALMM Capacity Approval | ideaForge Launches NATO Drone Training Programme | Top Buzzing Stocks TodayEquitymaster
Stocks in news: IndiGo, RIL, Torrent Power, ideaForge, NTPC Green
Indian markets experienced a sharp sell-off, extending the downtrend amid global concerns and geopolitical tensions. Nifty faces immediate support at 23,500, with resistance expected around 24,000-24,300. IndiGo flights faced airspace issues, while Reliance Retail acquired 'Pahadi Local'. Torrent Power raised Rs 2,000 crore via NCDs, and ideaForge began drone training for NATO personnel.
ideaForge Tech Arm To Start Specialised Drone Flight-Test Training Programme For NATO Military In US
This is the first such initiative by an Indian UAV player.
Solar Defence announces Rs 12,800 crore investment in robotics, drone and deep tech projects
Solar Defence and Aerospace Limited will invest over Rs. 12,800 crore in manufacturing robots, drones, and missiles. The company plans to produce 10,000 drones and 1,000 robots annually. This investment will span the next three to four years. The facility will be India's first AI-Powered Industry 5.0 manufacturing ecosystem. Advanced AI-Powered UAVs, including MALE drones, will be a key focus.
UAE bourses slide nearly 5% as markets reopen after 2-day halt following Iran attacks
Dubai and Abu Dhabi stock markets experienced significant drops upon reopening after a two-day closure following Iran's missile and drone attacks. Major indices saw their steepest declines since May 2022, with blue-chip companies and financial institutions leading the losses. Both exchanges implemented a temporary -5% price limit for securities.
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.
India says oil stocks enough to absorb short-term shocks
India has assured sufficient oil stocks to handle any short-term disruptions from the Gulf conflict. This comes after an Iranian drone attack impacted Qatar's LNG facility, India's top supplier. State-run gas marketers have cut supply to several industries. The Strait of Hormuz remains blocked.
Industrial users stare at propane, natural gas shortage after Qatar halted production
Indian industries face potential propane and natural gas shortages. Qatar has halted liquefied natural gas production following a drone attack. This impacts industrial customers, though household piped natural gas supplies remain unaffected. Companies are monitoring the situation closely. Global energy prices and shipping costs are also rising.
JSW Infrastructure reports damage to one tank at Fujairah Terminal after drone debris
On Monday (March 2), shares of JSW Infrastructure Ltd ended at ₹251.35, down by ₹3.50, or 1.37%, on the BSE.
War reaches India Inc as fire reported at JSW Infra oil storage terminal in Fujairah
A fire broke out at JSW Infrastructure’s Fujairah oil storage terminal after an Iranian drone was intercepted, marking the first direct impact of the US-Israel-Iran conflict on an Indian company.