Market News
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40% of Nifty 50 firms faced EPS cuts amid March selloff: Check which stocks saw biggest cuts and upgrades
Indian markets experienced a sharp downturn in March, with Nifty 50 companies seeing significant EPS estimate cuts, particularly in aviation and infrastructure, due to soaring oil prices. InterGlobe Aviation faced the largest reduction. Conversely, oil & gas and metals sectors witnessed upgrades. Escalating US-Iran tensions continue to fuel investor concerns and oil price hikes.
Sensex drops 300 points, Nifty below 22,650 as Trump's threats to Iran push oil above $110/barrel
Indian stock market got off to a negative start after US President Donald Trump's increased threats towards Iran. Consequently, oil prices surged above $110 per barrel. Major companies like IndiGo, Kotak Mahindra Bank, and Reliance Industries experienced significant losses.
LPG vessel Shivalik arrives at Gujarat's Mundra Port after crossing Strait of Hormuz
The LPG vessel Shivalik is scheduled to arrive at Mundra Port on Monday with 46,000 tonnes of liquid LPG for Indian Oil Corporation. Of this cargo, 20,000 tonnes will be unloaded at Mundra, with the remainder destined for discharge at Mangalore, supporting IOC's distribution network.
European Stocks Erase Losses as Oil Slips Below $100 a Barrel
European stocks rose Friday as oil prices slipped below $100 a barrel, following news reports of an Indian tanker’s passage from the Strait of Hormuz, a key shipping artery that’s been effectively shut amid the Iran war.
Top Gainers & Losers on Mar 13: Larsen & Toubro, KPR Mill, Adani Total Gas, PG Electroplast among top losers
The Indian stock market faced a significant sell-off on March 13, with key indices dropping over 2% amid rising crude oil prices and concerns over corporate earnings. The Nifty 50 saw its largest weekly decline in four years, as overseas investors continued to sell.
No shortage of LPG cylinders in Northeast India, production to go on uninterrupted: Indian Oil Corp
Indian Oil Corporation confirms ample LPG supplies for Northeast India. The company's bottling plants operate at full capacity, meeting regional demand. Government directives prioritize household cooking gas. Refineries are maximizing LPG output. Commercial supplies are restricted to essential services. These measures ensure uninterrupted fuel availability for homes and transport.
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.
Stocks in news: Nazara Technologies, IndiGo, Hindustan Zinc, NTPC Green, RIL
Indian markets saw a strong rebound on Tuesday, recovering some losses. Global cues improved and crude oil price worries eased. Several companies are in focus today. Nazara Technologies saw a significant block deal. IndiGo's CEO stepped down. RIL is boosting LPG production. Vedanta calls for unlocking domestic resources. NTPC Green Energy added new solar capacity.
Higher input costs likely to erode chemical companies' profits
Rising US-Iran tensions are impacting Indian chemical makers. Higher crude oil prices are increasing input costs for essential materials like methanol. Shipping delays and rerouting are adding to expenses. This situation affects companies reliant on imports from the Gulf. The fertilizer industry also faces supply shortages. These factors are squeezing profit margins for many Indian chemical and fertilizer producers.
Oil Stocks IOC, HPCL, BPCL Face The Brunt As Crude Prices Skyrocket
Share prices of Oil Marketing Companies (OMC) faced the brunt on Monday as the oil price surged$114 per barrel for the first time since 2022 on Monday after the Iran war intensified, threatening production and shipping in the Middle East.
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.
India unlikely to see petrol, diesel price hike despite global oil prices spiking to $80
Global oil prices have jumped significantly following attacks and retaliatory strikes in the Middle East. However, Indian consumers are unlikely to see a hike in petrol and diesel prices. Fuel companies have built up profits and can absorb the current price rise. The government is committed to shielding citizens from sharp increases, especially with upcoming elections.