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Avoid OMCs; prefer defence and summer plays: Chola Securities
Dharmesh Kant, Head of Research at Chola Securities, says oil marketing companies remain largely avoidable as they are cyclical, commodity-linked businesses with limited long-term wealth creation potential, especially as renewable energy gains share. He advises selective buying in market declines, favouring defence stocks like BEL and HAL and summer-linked plays such as LG Electronics and Blue Star. Kant also sees corrections in InterGlobe Aviation as a potential long-term buying opportunity despite near-term volatility.
Top Gainers & Losers on Mar 09: PG Electroplast, HPCL, RVNL, Meesho, Paras Defence, Bank of India among top losers
The escalating US-Iran war is driving the Indian stock market down, with the Nifty 50 and Sensex reaching 10-month lows. Rising crude oil prices and a weakening domestic currency contribute to a decline in investor confidence amid regional chaos.
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.
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.
Gainers & Losers: Indigo, Paras Defence among 7 big movers on Wednesday
Indian markets tumbled as the Iran-Israel war escalated, dragging energy stocks lower. Nifty and Sensex fell sharply, while select stocks like Coal India and Bajaj Hindusthan Sugar bucked the trend.
Market Outlook | Prashant Khemka sees low double-digit earnings growth for India in FY27
WhiteOak Capital’s Founder Prashant Khemka says markets typically recover once geopolitical tensions stabilise, though near-term movements will depend on how the conflict evolves. He cautions against predicting the extent of any correction and says WhiteOak remains fully invested despite tail risks. Khemka adds India is not uniquely vulnerable to oil disruptions as crude is a global commodity. He expects defence spending to rise globally and continues to see low double-digit earnings growth for India in FY27.
US stock market: Wall Street set to open over 1% lower as US-Iran conflict fuels risk-off mood
US stock futures indicate a weak market start as key indices decline amid escalating tensions in the Middle East. The US and Israel's attack on Iran sparked retaliation, impacting airlines and banks negatively while boosting defence and oil stocks.
Best places to hide in war: 20 stocks analysts say to bet on amid US-Iran conflict
Global markets are experiencing volatility due to Middle East tensions. Indian equities are bracing for this uncertainty. Analysts suggest certain stocks in energy, metals, IT, pharma, defence, and banking could offer relative safety. Investors are advised to watch for opportunities amidst the current market movements. Oil prices and currency fluctuations are key factors to monitor.
Jefferies calls Israel-Iran conflict a buying opportunity; warns Hormuz, crude shock risks for India
Jefferies sees the Israel-Iran conflict as a potential buying opportunity but warns of macro risks if crude prices spike due to Hormuz disruption. India faces exposure through oil imports, exports and remittances, with sectors like aviation and OMCs vulnerable, while defence and select exporters may benefit from sustained geopolitical tensions.
Explained: What US-Israel war on Iran means for Indian stock market investors, crude oil and exports
Indian markets fell sharply as US-Israel strikes on Iran triggered geopolitical tensions, pushing crude oil higher and weakening the rupee. Analysts warn of macro risks if the conflict prolongs, with energy, defence and IT stocks seen as relative beneficiaries, while OMCs, airlines and export-linked firms face immediate pressure.
Stock Market Sell-Off: Here's a list of stocks impacted due to the Iran war
From ONGC and Oil India to IndiGo, rice exporters and defence stocks, here is a list of names that have been impacted due to the ongoing war in Iran.
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.