Market News
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Dubai Stocks Fall Into Bear Market as Iran War Enters Third Week
Dubai stocks slid into bear-market territory as the crisis in the Middle East caused chaos in the energy, shipping, real estate and tourism industries.
Shipping Corporation GST demand cut to ₹60 crore in Maharashtra
The revised order follows SCI’s ongoing appeal against an earlier demand of ₹160.37 crore issued by the Deputy Commissioner of State Tax, which included ₹77.66 crore as the tax component plus interest and penalty. Shares of Shipping Corporation of India Ltd ended at ₹238.90, down by ₹11.70, or 4.67%, on the BSE today, March 13.
Middle East War: Iran clears passage for two Indian LPG tankers through Strait of Hormuz
Iran has granted permission for two Indian LPG tankers to navigate the Strait of Hormuz. This development occurs as ongoing conflict in West Asia impacts shipping routes. Despite security concerns, Iran's Supreme Leader's representative stated the strait remains open. He confirmed that some vessels are still transiting the vital waterway.
Copper remains a strong long-term play despite near-term volatility: Anand Rathi’s Parthiv Jhonsa
Parthiv Jhonsa, Vice President of Anand Rathi Institutional Equities, said rising gas prices and higher shipping costs could pressure margins for Indian steel producers. However, immediate supply risks remain limited as companies hold raw material inventories. He noted potential export challenges due to Europe’s quota limits and warned that Chinese steel imports could rise if domestic production is disrupted. Jhonsa remains positive on select ferrous players and sees strong long-term prospects for copper.
Five Stocks To Watch: BSE, NTPC, BHEL, Petronet And GE Shipping | March 13, 2026
Top picks include stock exchange operator BSE, state-run power heavyweights NTPC and BHEL, energy player Petronet LNG, and shipping major Great Eastern Shipping (GE Shipping).
Government reviews measures to strengthen maritime capacity
Chaired by Ports, Shipping and Waterways Minister Sarbananda Sonowal, the meeting brought together members of the National Shipping Board (NSB), industry leaders, maritime stakeholders and senior ministry officials to deliberate on operational issues and policy priorities affecting the sector, an official release said.
Choked shipping routes jolt Indian manufacturers
India's manufacturing sector faces disruption due to the Iran war. Critical shipping routes are threatened, impacting automakers and component makers. Consumer goods and electronics exporters are already halting shipments and production. Industry bodies seek government support for fuel supplies. Companies are assessing supply chain risks, with some setting up crisis teams.
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 and gas prices rapidly rise as Iran war shows no signs of letting up
Oil prices have surged after the US–Israel attacks on Iran escalated into a wider Middle East war, disrupting energy supplies and shipping in the region. Tankers carrying about 20 million barrels of oil a day are stranded in the Persian Gulf due to safety risks around the Strait of Hormuz, while damage to oil and gas facilities has further tightened supply.
Industrial users stare at propane, natural gas shortage after Qatar halted production
Indian industries face potential propane and natural gas shortages. Qatar has halted liquefied natural gas production following a drone attack. This impacts industrial customers, though household piped natural gas supplies remain unaffected. Companies are monitoring the situation closely. Global energy prices and shipping costs are also rising.
Iran conflict disrupts global shipping as tankers are stranded, damaged
War risk insurance for ships in the Gulf is being cancelled. The Iran conflict has disrupted shipping. Several tankers are damaged. Two seafarers have died. Around 150 ships are stranded near the Strait of Hormuz. Oil and gas prices have jumped. Shipping costs are set to rise further.
Shipping Corporation fined: NSE, BSE impose Rs 5.42 lakh penalty each for Sebi norm violation
BSE and National Stock Exchange fined Shipping Corporation of India Rs 5.42 lakh each for violating Sebi’s board composition norms. The PSU said operations remain unaffected, even as it reported sharp profit growth and strong stock performance.