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Coal India's arm CMPDIL raises ₹470 cr via anchor investors ahead of IPO
Central Mine Planning and Design Institute (CMPDIL), an arm of state-owned Coal India, on Wednesday said it has mobilised Rs 470 crore from anchor investors, ahead of its initial share-sale opening for public subscription. Life Insurance Corporation (LIC), Nippon India Mutual Fund (MF), Edelweiss MF, ICICI Prudential MF, Baring Private Equity India Fund, General Insurance Corporation of India and Edelweiss Life Insurance Corporation are among the anchor investors, according to a circular uploaded on BSE's website. Also, Societe Generale, Citigroup, Goldman Sachs and BNP Paribas Financial Markets participated in the anchor round. As per the circular, the state-owned firm allotted 2.73 crore equity shares to 22 funds at Rs 172 per piece, aggregating the transaction size to Rs 469.74 crore. Of these funds, LIC has been allocated shares to the tune of Rs 105 crore. CMPDIL's Rs 1,842-crore initial public offering (IPO) will open for subscription on March 20 and conclude on March 24. T
Solar equipment makers get no funds under Rs 24,000 crore PLI scheme till February end: Parliament
No funds have been disbursed to solar equipment makers under the Rs 24,000-crore Production Linked Incentive scheme as of February-end. The scheme mandates a one-year post-commissioning period before fund release. While significant manufacturing capacity has been established, upstream component production faces challenges. The government is actively working to strengthen domestic capabilities and reduce import reliance.
Oil shock crushes refiners’ margins, threatens growth as crude nears $137
India's oil sector is under pressure. Crude oil prices have surged dramatically. This is impacting Indian refiners and government finances. Fuel prices remain unchanged for consumers. This situation is unlikely to ease soon. Elections and fiscal year-end add to the complexity. Global growth and inflation are also affected.
Oil could hit $150 if Strait of Hormuz disruption extends; central banks may stay on hold: Invesco
David Chao, Global Market Strategist-Asia Pacific at Invesco, said the immediate impact of higher oil prices on Asian economies will be on inflation, not growth. While geopolitical shocks may delay recovery, markets tend to perform better a year after such events.
Citi cuts Nifty's target to 27,000 on earnings, macro risks from raging Iran war
Citi Research has lowered its year-end Nifty 50 target to 27,000, citing escalating Middle East war risks impacting India's growth and corporate earnings. Surging oil and supply shocks are worsening the economic outlook, with potential disruptions to LPG, LNG, fertilizers, and petrochemicals. The brokerage also downgraded the auto sector to 'neutral' due to price spikes and potential semiconductor issues.
$100 crude gives Rs 20 lakh crore shock to Nifty bulls this week. Best time to buy the fear?
Crude oil above $100 has wiped out Rs 20 lakh crore in equity wealth, hammering markets in India as the Iran conflict escalates. The rupee hit a record low, and FIIs continue to sell, yet experts and Axis Mutual Fund argue the panic may be creating a rare long-term buying window.
Fed may still cut rates if labour market weakens despite oil shock: Citi
Drew Pettit, Director-US Equity Strategy, ETF Analysis & Strategy Research at Citi, says the bullish case for US equities remains intact as secular growth trends continue to support earnings, with Citi’s street-high $320 EPS estimate possibly conservative. However, sustained high interest rates and elevated oil prices could challenge valuations. Citi believes the Fed may still cut rates if labour markets weaken. In a bear scenario, earnings could fall to $300. He adds India remains neutral amid valuation concerns.
Motilal Oswal top picks: VA Tech order strength, RIL refining upside, Eternal valuations attractive
Investors are not showing panic despite geopolitical tensions, though many are reviewing portfolios and seeking safer sector exposure, according to Siddhartha Khemka of Motilal Oswal. The brokerage remains positive on VA Tech Wabag citing a ₹16,000-crore order book and strong West Asia demand. It also sees opportunity in quick commerce stocks like Eternal and Swiggy after valuation corrections, while Reliance Industries’ O2C business could benefit from higher refining margins. Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
OPEC confirms big Saudi oil production hike ahead of Iran war, holds forecasts steady
Saudi Arabia significantly boosted oil production in February as a safeguard against potential disruptions from U.S. and Israeli strikes on Iran. Despite this, OPEC maintained its forecast for robust global oil demand growth this year, while acknowledging the need to closely monitor geopolitical events. The International Energy Agency is set to release updated oil forecasts soon.
DSP Mutual Fund flags global shifts, expensive midcaps, IT lag: How investors may position portfolios
DSP Mutual Fund advises caution and diversification amid market risks like rising oil prices and high US equity valuations. AI spending by tech giants drives global markets.
Markets in ‘fear phase’, deploy money in autos, banks, capital goods: AlfAccurate’s Rajesh Kothari
The sharp correction in Indian equities triggered by fears of a prolonged war in West Asia should be viewed as a buying opportunity, according to Rajesh Kothari, Managing Director at AlfAccurate Advisors.Benchmark indices declined nearly 3% this week — their steepest weekly fall in over a year — as rising crude oil prices and geopolitical tensions rattled investor sentiment. Financial stocks led the decline, with the Nifty Bank logging its biggest weekly drop in 14 months.However, Kothari believes the selloff reflects sentiment rather than a deterioration in underlying economic fundamentals.“We are currently in a fearful phase of the market. When others are fearful, that’s usually the time to be greedy,” Kothari told CNBC-TV18, advising investors to deploy money gradually over the next 30–60 days rather than attempting to time the market.He emphasised that the outcome of the West Asia conflict is less important for markets than its duration. While companies with exposure to the Middle East could face short-term uncertainty, the broader domestic growth story remains intact.Against this backdrop, Kothari highlighted four sectors that investors should focus on.Autos remain a key bet, supported by strong demand trends and low inventory levels across the industry. February sales data was robust, and leading automakers have reported healthy growth, signalling sustained momentum.Banking and financials are another preferred sector. Credit growth has improved to around 13% from about 8.5% earlier, while asset quality remains strong. According to Kothari, the sector could become a “strong buy on declines” if crude-driven inflation concerns ease.He also sees opportunities in capital goods, particularly companies reporting strong order inflows as India’s investment cycle picks up.Lastly, hospitals stand out as a defensive play. The sector remains largely insulated from geopolitical risks and technological disruptions such as artificial intelligence.“These are strong India stori
Shares to buy or sell: Ruchit Jain of Motilal Oswal recommends BEL, and ONGC amid US-Iran war jitters
Indian stock markets fell sharply as Nifty 50 dropped 1.92% and Sensex 2.13% amid rising geopolitical tensions and high oil prices. The Indian rupee hit a record low against the dollar, prompting warnings for traders to remain cautious until a trend reversal occurs.