Market News
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India securing energy flow from different sources, routes; no gas shortage, assures Hardeep Singh Puri
India is securing more liquefied natural gas from diverse sources, moving away from the Middle East. This is a response to ongoing geopolitical tensions impacting global energy flows. The government assures citizens that domestic gas supplies remain stable. Measures are in place to ensure uninterrupted fuel for households and industries.
200 ships present mysteriously? War-time signal jamming near Hormuz creates confusion
Dozens of ship clusters near the Strait of Hormuz indicate significant electronic interference, making navigation tracking nearly impossible. This disruption, linked to the US and Israeli conflict with Iran, has severely impacted global energy markets and heightened security concerns for vessels operating in the region.
Top US officials defend temporary waiver on Russian oil exports to India
US officials defended a temporary waiver allowing India to buy Russian crude, saying it would help stabilise global oil markets amid supply risks from the Iran war. Energy Secretary Chris Wright said Washington urged India to purchase Russian oil already stranded on tankers and redirect it to Indian refineries to ease fears of shortages and curb price spikes.
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.
Reliance Industries shares offer valuation comfort, Morgan Stanley sees upside risks
Morgan Stanley noted in its report that even as global refiners and Asian chemical stocks have re-rated, Reliance Industries continues to trade at a discount to its local peers.
Pakistan Faces Heat! Provinces Announce Fuel Curbs, Schools Shut Amid Global Oil Crisis
Khyber Pakhtunkhwa cuts fuel allowance for government vehicles, while Punjab and Balochistan close educational institutions as energy pressures mount.
Iran sought permission for docking of 3 ships in Indian ports; approval granted: Jaishankar
India permitted three Iranian ships to dock at its ports. One vessel, IRIS LAVAN, docked in Kochi on March 4. This humane gesture was appreciated by Iran. The move comes amid rising tensions in the Indian Ocean following the sinking of an Iranian warship. India remains committed to ensuring the nation's energy security amidst global disruptions.
Market correction a chance to rebalance portfolios, India may outperform from April: Quant MF
Sandeep Tandon, Founder & CIO of Quant Mutual Fund, says crude’s sharp spike may peak near $120–130 and remain elevated in the near term but is unlikely to sustain beyond a few months. He expects global markets to stay weak through 2026, while India could outperform from April after recent underperformance. Tandon advises investors to stay calm and use volatility to rebalance portfolios, adding selectively to sectors such aspharma, power, telecom, and select PSUs.
GAIL, Petronet LNG, other gas stocks in focus amid rising expectations of prolonged Iran-Israel war
Gas stocks such as GAIL and Petronet LNG may remain in focus as the Iran-Israel conflict raises fears of prolonged disruption in the Strait of Hormuz, a key route for global energy shipments. Concerns over LNG and LPG supply risks, along with geopolitical tensions, have already weighed on several gas stocks in recent sessions.
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.
Global oil markets on edge as West Asia unrest triggers new energy shockwave
Crude oil prices have surged to near one-year highs as escalating conflict in West Asia threatens key supply routes, particularly the Strait of Hormuz. Rising geopolitical risks, refinery disruptions and tanker delays are pushing prices higher, raising inflation concerns and creating economic vulnerabilities for major Asian importers, including India, China, Japan and South Korea.