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Sanathan Textiles Ltd leads losers in 'B' group
Hindustan Oil Exploration Company Ltd, Transwarranty Finance Ltd, DIC India Ltd and Palash Securities Ltd are among the other losers in the BSE's 'B' group today, 10 March 2026.
Saudi Aramco shares surge most since April 2023
Saudi Aramco shares saw a significant jump as the Iran conflict intensified. This ongoing situation is causing oil supply disruptions. Global oil prices are expected to rise further. United Arab Emirates and Kuwait are reducing production. Vital shipping routes are facing near closure. Aramco is rerouting shipments to the Red Sea.
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.
Russia ready to boost oil supplies to India, China as Strait of Hormuz tensions rise
In response to rising tensions in the Strait of Hormuz, where Iran has firmly declared its authority, Russia is set to increase its oil shipments to both China and India. The US Navy is on alert, ready to protect tanker routes through this vital corridor.
Ras Tanura hit again as projectile strikes Saudi Aramco facility
Saudi Arabia's vital oil export terminal at Ras Tanura has been hit by an unidentified projectile. This is the second such incident in days. The facility is crucial for global energy supplies. The attacks raise concerns over regional security and oil shipments. Ras Tanura's strategic location near the Strait of Hormuz amplifies these worries. Operations and damage extent remain unclear.
Mangalore Refinery and Petrochemicals declares force majeure on gasoline export cargoes for March, April
India's Mangalore Refinery and Petrochemicals has declared force majeure on all gasoline export cargoes for March and April due to the ongoing Middle East conflict disrupting crude oil flows. The state-run refiner, which exports 40% of its refined fuel, cited circumstances beyond its control for the contractual inability to fulfill orders.
Oil prices extend advance as traders gauge US escort plan for Strait of Hormuz
West Texas Intermediate was above $75 a barrel post rallying 11% across two days, the biggest rise in four years. Brent ended near $81.
Asian countries most at risk from oil & gas supply disruptions in Strait of Hormuz: Research group
Asian nations are most vulnerable to oil and gas supply disruptions in the Strait of Hormuz. Japan faces the highest risk, followed by South Korea and India. Around 20 percent of global oil and LNG flows through this vital chokepoint. China and India are the largest destinations for these energy resources.
Watch | Gurmeet Chadha & Devina Mehra on market strategy amid West Asia tensions
Devina Mehra, Founder, Chairperson and Managing Director of First Global and Gurmeet Chadha, Managing Partner & CIO of Complete Circle say geopolitical tensions may trigger short-term volatility but not a lasting bear market. Mehra advises using market dips to deploy cash, noting past conflicts fade from markets and crude spikes are usually temporary. She prefers autos, pharma and select cyclicals. Chadha remains overweight defence, citing opportunities in Solar Industries, Bharat Electronics and Zen Technologies, while also watching refiners amid oil price swings.
Trade Setup for March 2: Nifty braces for Monday chaos after US, Israel attack Iran
Before the markets open here in India, the bigger reaction will be seen on other asset classes beyond equities. Crude oil prices, Gold prices, moves on the US Dollar, the Yen, all of which will be significant and keenly monitored by the street. In fact, Barclays has already written in a note to clients that oil prices could go up to as high as $100 per barrel.
Strait of Hormuz on edge due to Iran-Israel war? Iran’s leverage is a cautious tale for India
Escalating Israel-Iran conflict pushes Middle East towards renewed confrontation, impacting global energy supplies. India faces a critical challenge due to its energy dependence on the region and the vital Strait of Hormuz, a key oil transit route.
Bharat Petroleum sets up Singapore arm to expand global energy trading
The subsidiary has been set up to establish a trading desk for trading in crude oil, natural gas, petroleum and other petrochemical products, along with associated activities.