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Gas crisis impact: Maruti, M&M, other auto stocks tumble up to 16% in a month; what lies ahead?
Indian auto stocks have seen a significant drop. Geopolitical tensions in the Middle East are impacting crude oil prices and causing gas shortages. This is affecting the production of raw materials and industrial output for auto companies. Several major auto manufacturers and suppliers are at risk of production losses. Investors are closely watching for potential impacts on production lines.
Top Gainers & Losers on Mar 11: Apar Industries, Redington, Axis Bank, Finolex Cables, TVS Motor among top losers
The Indian stock market declined on March 11 due to heightened Middle East tensions, with the Nifty 50 down 1.63% and the BSE Sensex falling 1.72%. Most sectors were affected, especially auto and private banks, while pharma and oil & gas saw slight gains.
Indian stock market: 10 things that changed for market overnight- Gift Nifty, US-Iran war, oil prices, Wall Street rally
Gift Nifty was trading around 24,390 level, a premium of nearly 267 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.
Oil Prices Surge: How Indian companies from OMCs to paint, tyre and aviation stocks get impacted
Crude oil prices are showing no signs of letting off. After the biggest weekly gain on record for US crude last week, prices are up by nearly 30% on Monday, nearing the mark of $120 per barrel. The oil prices rising are a major negative for Indian markets, considering its net importer status. Here's how companies in India get impacted due to the higher oil prices:
Indian tyre companies face multiple headwinds due to US-Iran war; CLSA warns of profit impact
CLSA noted that about 45% of the tyre industry’s raw-material basket is linked to crude oil, while another 45% is tied to natural rubber prices.
Trade Spotlight: How should you trade Atul, Bharat Forge, Jammu and Kashmir Bank, IOC, Voltas, Laurus Labs, Godrej Properties, and others on March 2?
The market is expected to face a bear attack given the prevailing bearish momentum and rising US-Iran tensions. Below are some short-term trading ideas to consider.
US Steps In to Escort Ships in Hormuz | Oil Near $108 | Kotak Bank Steady | Opening Bell
Markets kick off the week with global tensions in focus as US President Donald Trump announces “Project Freedom” to escort stranded vessels through the Strait of Hormuz. Iran calls the US response to its 14-point proposal unacceptable, keeping geopolitical risks elevated and pushing Brent crude near $108. US markets ended higher on Friday, with the Dow Jones Industrial Average, S&P 500, and NASDAQ Composite gaining up to 1.6%, supported by strong earnings from Exxon Mobil, Chevron, and Estée Lauder. Economic data remains mixed, with steady manufacturing activity and a rise in consumption. Back home, Kotak Mahindra Bank reports a stable quarter, while GIFT Nifty suggests a positive start for Indian markets. Investors also keep a close watch on state election results for further cues.
CEAT, BPCL, HPCL shares jump up to 4% as crude oil hits 4-month low; OMCs, tyre, airline stocks rally
Shares of oil marketing companies, tyre makers and other crude-linked businesses rallied on July 2 after global crude oil prices fell to a four-month low. CEAT, BPCL, HPCL, IOC, JK Tyre and other stocks gained as easing geopolitical tensions and softer oil prices lifted sentiment.
Asian Paints, Indian Oil, JK Tyre tumble; oil-sensitive stocks hammered as crude soars above $78 amid US-Iran turmoil
Crude-sensitive stocks were among the worst hit in Monday's trade even as Sensex and Nifty fell nearly 2 percent. Paints and tyre stocks fell sharply on concerns on rising input costs as crude soared. Oil marketing shares were also under pressure for fears of margin squeeze.