Market News
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INR falls near record low levels hurt by elevated oil prices
The Indian rupee depreciated 14 paise to close near its all-time low at 94.82 (provisional) against the US dollar on Wednesday, pressured by rising crude oil prices, hovering well above $100 per barrel, and continued foreign capital outflows. Brent crude prices climbed toward $115 a barrel today, hitting a four-year high on mounting uncertainty around global supply amid the prolonged closure of the Strait of Hormuz. Elevated crude oil price is likely to sharply impact India's import costs, while the ongoing West Asia crisis and concerns over potential wider conflict are fuelling investor anxiety. Meanwhile, Indian shares rose notably on Wednesday despite mixed cues from global markets and growing anxiety over surging energy prices, capping downside in the counter. Sensex settled 609.45 points (0.79%) higher at 77,496.36 while Nifty 50 advanced 181.95 points (0.76%) to close at 24,177.65. Investors are also awaiting cues from the upcoming US Federal Reserve policy decision as dollar ..
Sensex jumps 639 points, Nifty reclaims 24,100 as Reliance Industries, Sun Pharma lead rebound
BSE Sensex and NSE Nifty rebounded after three losing sessions, led by Sun Pharma, Reliance Industries and midcaps, with all sectoral indices ending higher
Q4 Results LIVE Updates: UTI AMC profit drops 73%; IEX operating profit up 23%
Q4 Results LIVE Updates: Infosys, LTIMindtree, IEX, Union Bank of India, Aditya Birla Sun Life AMC, Adani Energy Solutions, CIE India, Bluestone Jewellery, Mahindra Logistics, Tata Capital, Sterling & Wilson Renewables, Tata Teleservices (Maharashtra), and UTI AMC are among the important earnings to track today. The street will react to results reported by Trent, BCCL, and other companies as well. Watch this space for all the LIVE updates.
Stocks to Buy: HSBC initiates on these two renewable stocks for up to 33% upside
All 11 analysts tracking Acme Solar have a 'Buy' rating, while HSBC is the first to initiate coverage on Clean Max.
Centerpoint Energy stock hits all-time high at $44.40 By Investing.com - Investing.com India
Centerpoint Energy stock hits all-time high at $44.40 By Investing.comInvesting.com India
Bab al-Mandab Strait: All you need to know about the latest focal point after Hormuz
As per The Economist's estimates, around 16% of all seaborne global trade passes through the Bab al-Mandab Strait, compared to 6% through the Strait of Hormuz. This includes all trade, not just energy or fossil fuels.
Right policies can help bring idle household gold into the market
Indians hold significant idle gold. Unlocking this gold could ease economic pressure by reducing reliance on imports. A two-year-old brand, Indriya Aditya Birla Jewellery, sees increased gold exchange contributing to sales. The company focuses on design and quality, catering to women of all ages. Indriya also plans to expand its natural diamond business, seeing growth potential in the Indian market.
Italian energy major Enel files international arbitration against Waaree Energies
Italian energy giant Enel SpA has launched arbitration proceedings against solar manufacturer Waaree Energies Ltd. The case, filed in London, concerns alleged loss of profits following a failed acquisition of Enel's Indian renewable arm. Waaree Energies disputes the claims and plans to contest them. The financial impact remains undetermined pending the arbitration outcome. Waaree will explore all legal options.
Reliance signs $3 billion deal with Samsung C&T for 15-year supply of Green Ammonia — Here's all we know
Reliance Industries has signed a $3 billion agreement with South Korea's Samsung C&T to supply green ammonia for 15 years, beginning in H2FY29. Here's all you need to know about the supply purchase agreement…
Buy or sell: Vaishali Parekh recommends three intraday stocks for today - 12 March 2026
The Indian stock market struggled on March 11, with significant losses in the Nifty 50 and BSE Sensex driven by high energy costs and inflation fears. Profit booking dominated all major sectors, especially autos and banking, as investors remained cautious amid geopolitical uncertainties.
Reliance taking 'proactive steps' to optimise refinery operations to keep domestic LPG supply stable
The company shared a statement on Tuesday in which it said that it has been working in close proximity with the government in this regard and will be remaining complaint with all guidelines as well as priorities in allocation as per the government.
Indices slide sharply amid Iran war jitters and crude price spike
The domestic equity benchmarks ended sharply lower on Wednesday as investors turned risk-averse amid escalating geopolitical tensions and a sharp surge in crude oil prices. The ongoing conflict involving the United States, Israel and Iran unsettled global markets, while the reported closure of the Strait of Hormuz pushed oil prices higher, raising concerns over inflation and energy costs. Sentiment was further dented by heavy selling from foreign institutional investors and the rupee slipping to a record low. Against this backdrop, the Nifty closed below the 24,500 mark. Barring the Nifty IT index, all other sectoral indices on the NSE ended in the red, with metal, PSU bank and oil & gas stocks leading the decline.