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INR recovers on falling oil prices amid hopes of truce in West Asia
The Indian rupee strengthened by 20 paise to settle at 93.10 (provisional) against the US dollar on Thursday, following a decline in global crude oil prices amid hopes of a truce in West Asia. Dollar pull back to seven week low also supported gains in the counter. However, sustained outflow of foreign capital amid increased dollar demand from importers capped the gain in the local currency. Indian stocks turned weak on Thursday as investors chose to take some profits, cashing in recent gains. Stocks climbed higher early on in the session amid hopes U.S. and Iran will agree on a peace deal later this week. At the interbank foreign exchange market, the rupee opened at 93.29 and touched an intraday high of 93.16 against the greenback. It also fell to the day's low of 93.35.
Share buybacks this month: Wipro, Aurobindo Pharma, 2 other stocks to watch out for
Four companies—Wipro, Cyient, Windlas Biotech, and Aurobindo Pharma—are set to announce or act on share buybacks this month, with Aurobindo’s record date due soon. Buybacks involve companies repurchasing shares to boost value, use surplus cash, or strengthen ownership. Meanwhile, new rules under the Finance Bill 2026 impose a 12% surcharge on buyback-related capital gains for promoters, while other investors remain taxed as per existing norms.
Pick LG Electronics and KEI over Blue Star, advises this analyst
PL Capital prefers diversified players over companies that specialise in air conditioners alone.
Manappuram Finance units get RBI nod for indirect change in control by Bain Capital
A new chapter begins for Manappuram Finance as its subsidiaries, Asirvad Micro Finance and Manappuram Home Finance, have received the final nod from the Reserve Bank of India. This crucial approval enables Bain Capital to take indirect command over these companies.
Angel One shares jump 8%, take other capital market peers higher with them
Shares of Angel One had begun trading adjusting for their 1:10 stock split from February 26, when one share of ₹10 was divided into 10 shares of ₹1. Since then, the stock fell 17% to a low of ₹208 on March 13, before recovering.
Plastic price surge hits MSMEs, disrupts supply chains for FMCG and footwear firms
Plastic processing units in Kerala are halting operations due to rising raw material costs and capital shortages, impacting FMCG, footwear, and healthcare sectors. Manufacturers have increased prices by up to 50%, with further hikes anticipated as supply chains face disruptions. Industry leaders are urging government intervention.
GSP Crop Science IPO opens today; should you apply? Here's what brokerages say
Ahead of the issue opening, agrochemical company GSP Crop Science raised ₹120 crore from two anchor investors. Mauritius-based Craft Emerging Market Fund PCC was the largest investor in the anchor book, purchasing nearly 25 lakh shares through two investment vehicles - Citadel Market Fund and Elite Capital Fund - for ₹80 crore. Shine Star Build Cap was the other anchor investor, acquiring 12.5 lakh shares worth ₹40 crore.
Tejas Networks Ltd leads losers in 'A' group
Piramal Pharma Ltd, Northern ARC Capital Ltd, IndusInd Bank Ltd and Amber Enterprises India Ltd are among the other losers in the BSE's 'A' group today, 12 March 2026.
Spooked by Iran war? 7 stocks that are predicted to double investor wealth over next 12 months
Analysts predict significant gains for seven Indian stocks in the next year. Allcargo Logistics, Tarsons Products, Ugro Capital, Awfis Space Solutions, and Puravankara are among those expected to see substantial growth. These projections are based on broker estimates and analyst price targets. Investors can explore these opportunities for potential wealth creation.
India gains favour with global investors on returns, ESG momentum
India is maturing as a market in which foreign investors who take into account environmental, social and governance (ESG) factors are confident in dedicating more of their portfolio to, according to fund managers at the Indian Venture and Alternate Capital Association conclave in Mumbai, who cite the economy's scale, improving return outlook and advancing ESG standards as key differentiators.
Stock market today: Trade setup for Gift Nifty 50, US-Iran war, crude oil, gold, silver rates — 8 stocks to buy or sell
Stock market today: Experts have recommended eight stocks to buy today — Reliance Industries, Balrampur Chini Mills, Jubilant FoodWorks, AB Capital, MCX, Ather Energy, Godrej Agrovet, and Yatharth Hospital
Avoid chasing metal rally; focus on domestic sectors: Jyotivardhan Jaipuria
Jyotivardhan Jaipuria, Founder & MD of Valentis Advisors, says market corrections during geopolitical conflicts historically present buying opportunities, though investors should stagger investments due to oil and gas risks. He remains positive on banks, select capital goods and pharmaceuticals, while continuing to hold metals but avoiding fresh buying at current levels. Export-oriented sectors like chemicals may face near-term pressure from higher logistics and raw material costs.