Stocks

Auto and EMS Stocks Slide as Chip Shortage Fears Intensify Amid Geopolitical Tensions Auto Ancillary and Vehicle Makers Lead Decline on Nifty Auto Shares of automobile and electronics manufacturing services (EMS) companies declined sharply on Monday, March 9, as concerns grew that escalating geopolitical tensions involving Iran, Israel, and the United States could disrupt semiconductor supplies and affect production across key industries.The selling pressure was visible across the Nifty Auto index, where all constituents were trading in negative territory during early trade. Auto ancillary companies were among the worst affected, with Uno Minda and Samvardhana Motherson falling about 6% each.Major automobile manufacturers also saw...

HDFC Bank Shares Fall Over 4% Amid Market Sell Off; Kotak Institutional Equities Upgrades Stock to Buy Shares of HDFC Bank Ltd. declined sharply on Monday, March 9, mirroring the broader weakness in Indian equity markets during the morning session. Despite the drop in the stock price, brokerage firm Kotak Institutional Equities upgraded its rating on the country’s largest private sector lender, citing limited downside at current levels.The stock was trading 3.3% lower at ₹828.6 on Monday. Over the past one month, HDFC Bank shares have declined by about 12%.Kotak Institutional Equities Upgrades Rating to Buy Kotak Institutional Equities has upgraded HDFC Bank to a Buy rating from its earlier Add recommendation. The brokerage has set...

Indian Stock Market Falls Sharply as Nifty 50 Slides Nearly 700 Points; ₹12 Lakh Crore Investor Wealth Wiped Out Indian Equities Open Lower on Monday Indian equity markets opened sharply lower on Monday, March 9, with the benchmark Nifty 50 index plunging nearly 700 points in early trade. The sharp decline has pushed the index close to entering a technical correction phase, defined as a fall of 10 percent from its record high levels reached on January 5.The early sell off erased approximately ₹12 lakh crore in investor wealth within minutes of the opening session, reflecting heightened volatility across financial markets.Surge in Crude Oil Prices Weighs on Markets A major trigger for the decline in Indian equities is the sharp rise...

Oil Marketing Company Stocks Fall in Pre Opening Trade as Crude Prices Surge Toward $120 per Barrel Shares of major oil marketing companies (OMCs) including Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), and Indian Oil Corporation Ltd (IOC) were trading lower in the pre opening session on Monday, March 9, as global crude oil prices continued their sharp rally.Surge in Crude Oil Prices Weighs on OMC Stocks Oil marketing companies are typically sensitive to movements in crude oil prices because rising input costs can put pressure on their marketing margins and overall operating performance.Crude oil prices have surged sharply in recent sessions and are showing little sign of cooling. After posting...

Indian Rupee Opens Near Record Low as Oil Price Surge and Global Risk-Off Sentiment Weigh on Currency Rupee Opens Sharply Weaker on Monday The Indian rupee opened sharply weaker on Monday, hovering close to its all-time low as a surge in crude oil prices and a broad risk-off mood across global markets weighed on Asian currencies.The rupee opened at 92.20 per US dollar, compared with 91.74 in the previous session. The currency had briefly weakened to around 92.30 in early offshore trade before recovering slightly ahead of the domestic market opening.Market participants indicated that the Reserve Bank of India likely intervened in the foreign exchange market before the domestic spot market opened in order to limit the rupee’s decline...

Rupee Weakens Sharply at Monday Open The Indian rupee opened sharply weaker on Monday, hovering close to its all time low as a surge in crude oil prices and a broad risk off mood across global markets weighed on Asian currencies.The rupee opened at 92.20 per US dollar, compared with 91.74 in the previous session. In early offshore trading, the currency briefly weakened to around 92.30 before recovering slightly.RBI Likely Steps In to Stabilise Currency Market participants said the Reserve Bank of India likely intervened in the foreign exchange market before the domestic spot market opened in an effort to limit the rupee’s decline.According to traders, the central bank’s intervention helped the rupee recover from around 92.30 to...

IndiGo Shares in Focus on March 9 After Kotak Upgrades Stock to Buy With ₹5,500 Target Kotak Institutional Equities Sees 25% Upside in InterGlobe Aviation Shares of InterGlobe Aviation Ltd., the parent company of IndiGo, are likely to remain in focus on Monday, March 9, after Kotak Institutional Equities upgraded the airline’s stock to a Buy rating and set a price target of ₹5,500 per share.The new target implies a potential upside of about 25 percent from current levels.Kotak highlighted IndiGo’s exposure to fluctuations in crude oil prices and jet fuel spreads, which can make it difficult for the airline to accurately forecast its cost structure and near term demand elasticity.Despite this uncertainty, the brokerage advised...

Aluminum Hits Nearly Four Year High as Middle East Conflict Disrupts Supply Aluminum prices climbed to their highest level in almost four years on Monday as escalating hostilities in the Middle East intensified concerns over supply disruptions from the region. While aluminum advanced sharply, copper and other industrial metals declined as investors reduced exposure to risk assets amid broader market volatility.Aluminum Surges on Supply Concerns On the London Metal Exchange, aluminum rose as much as 1.6 percent to $3,499.50 per ton, marking its highest level since April 2022. The surge follows a nearly 10 percent rally last week as ongoing conflict disrupted shipments from the Persian Gulf.The region plays a significant role in...

Kwality Walls India Reports Wider Q3 Net Loss of ₹178.4 Crore After Listing Shares of recently listed Kwality Walls India Ltd. are in focus on Monday, March 9, after the company reported a wider loss in its third quarter results. The earnings mark the first quarterly financial update since the company listed on the stock exchanges following the separation of the ice cream business from Hindustan Unilever Ltd.Net Loss Widens Sequentially Kwality Walls India reported a net loss of ₹178.4 crore for the December quarter, compared with a net loss of ₹100.2 crore in the previous quarter. The results indicate a sequential increase in losses during the reporting period.Revenue Declines Over 30 Percent The company’s revenue fell sharply on a...

Gold and Silver Prices Decline Despite Rising Middle East Tensions Global gold and silver prices declined on Monday even as geopolitical tensions in the Middle East intensified, creating an unusual situation in financial markets where precious metals moved lower despite escalating conflict.Gold Falls 1.3% While Silver Drops More Than 4% On the COMEX, gold prices slipped about 1.3 percent to around $5,090 per ounce. Silver witnessed a steeper fall, dropping more than 4 percent per ounce as investors booked profits and responded to broader market stress.The decline came even as tensions involving Iran, Israel, and the United States continued to escalate. The conflict has already pushed oil prices significantly higher and unsettled...

Asian Markets Slide as Middle East Tensions Escalate, Oil Surges Above $100 Asian equity markets fell sharply on Monday, March 9, as escalating tensions in the Middle East and a sharp rise in crude oil prices prompted investors to cut risk exposure across global markets.The selloff was led by South Korean and Japanese equities, while investors shifted toward safe-haven assets such as the US dollar amid heightened geopolitical uncertainty.South Korean Stocks Plunge, Circuit Breakers Triggered South Korea’s Kospi index declined by more than 8% on Monday after dropping 11% last week, reflecting heavy selling pressure in technology stocks.Major companies such as Samsung Electronics and SK Hynix were among the biggest drags on the...

GIFT Nifty Drops Nearly 800 Points Ahead of Market Open Indian equity markets are expected to begin Monday’s session with a sharp decline, as the GIFT Nifty indicates significant pressure at the opening bell.The GIFT Nifty has fallen by nearly 800 points, suggesting that the Nifty 50 index could open around the 23,776 level. The early indication reflects heightened global risk aversion driven by escalating geopolitical tensions and surging crude oil prices.The weak signal comes after a volatile week for domestic equities. Except for Thursday’s rebound, the Nifty declined by more than 1 percent in each of the other trading sessions last week. The correction erased nearly ₹15 lakh crore in investor wealth.From a technical...

Gold and Silver Prices Fall Despite Escalating Middle East Tensions Global gold and silver prices declined on Monday even as geopolitical tensions in the Middle East intensified, surprising investors who typically expect precious metals to rise during periods of conflict.Gold and silver, traditionally viewed as safe haven assets during geopolitical crises, moved lower as investors booked profits and sought liquidity amid wider market stress.Gold and Silver Slide in Global Markets On the COMEX, gold prices fell by about 1.3 percent to around $5,090 per ounce. Silver witnessed a sharper drop, declining by more than 4 percent per ounce.The decline comes even as the conflict involving Iran, Israel, and the United States continues to...

Sedemac Mechatronics IPO Allotment Expected Today: Here’s How Investors Can Check Status Sedemac Mechatronics is expected to finalize the share allotment for its initial public offering on Monday, March 9, 2026, following the close of its ₹1,087.45 crore offer for sale issue last week.The IPO opened for bidding from March 4 to March 6 and attracted moderate investor interest across categories.Sedemac Mechatronics IPO Details The public issue consisted entirely of an offer for sale of 0.80 crore equity shares. The price band for the IPO was set between ₹1,287 and ₹1,352 per share.The company also reserved up to 8,170 shares for employees, offered at a discount of ₹128 per share to the final issue price.For retail investors, the...

Rajputana Stainless IPO Opens Today: Price Band Set at ₹116–₹122, Issue Size ₹254.98 Crore The initial public offering (IPO) of Rajputana Stainless Ltd., a manufacturer of long and flat stainless steel products under the RSL brand, opens for subscription on Monday, March 9, 2026. The public issue will remain open for bidding until March 11, 2026.Ahead of the IPO launch, the Gujarat-based company secured ₹10 crore from an anchor investor, indicating early institutional interest in the issue.Rajputana Stainless IPO Anchor Investment Before the IPO opened, Shine Star Build Cap participated as the anchor investor in the issue.Rajputana Stainless allocated 8.19 lakh equity shares at ₹122 per share, raising ₹10 crore through the anchor...

Oil Prices Near $110 as Donald Trump Defends Spike Amid Iran Conflict Trump Calls Oil Price Surge a ‘Small Price to Pay’ for Global Security US President Donald Trump has defended the recent surge in crude oil prices, saying the increase is a necessary cost for ensuring global safety amid escalating tensions with Iran.In a post on Truth Social on Sunday evening, Trump said the temporary rise in oil prices should not be viewed negatively if it contributes to eliminating Iran’s nuclear threat.“The short-term increase in oil prices, which will quickly decline once the threat of Iran's nuclear program is eliminated, is a very small price to pay for the United States and the world's safety and peace. ONLY FOOLS WOULD THINK DIFFERENTLY!”...

RITES Secures ₹45.19 Crore Consultancy Contract for Muriganga Bridge Project in West Bengal Transport infrastructure consultancy and engineering firm RITES Ltd has secured a ₹45.19 crore contract from the West Bengal government for consultancy services related to the construction of a proposed four lane bridge over the Muriganga river.The company announced on Saturday that the contract was awarded by the Public Works Directorate of the West Bengal government for project management services associated with the major bridge project connecting Sagar Island with the mainland in South 24 Parganas district.Consultancy Role for Muriganga Bridge Project Under the agreement, RITES will act as the Project Management Consultant for the...

IRB Infrastructure Reports ₹746 Crore Toll Revenue in February 2026, Up 22% YoY Strong Traffic Growth Drives Higher Toll Collections IRB Infrastructure Developers Ltd announced on Saturday that the IRB Group recorded toll revenue of ₹746 crore in February 2026, marking a year on year increase of about 22 percent compared with ₹614 crore reported in February 2025.The company said the aggregate toll collections across its three entities rose approximately 22 percent during the month, reflecting strong traffic growth across its road assets.Revenue Generated Across Three IRB Entities The toll revenue includes collections generated by three entities within the group:IRB Infrastructure Developers Limited IRB Infrastructure Trust, a...

Wall Street Extends Losses as Middle East Conflict and Weak Jobs Data Weigh on Markets Wall Street remained under pressure on Friday as major US indices declined further, capping the worst weekly sell-off since October. Escalating tensions in the Middle East and a surprise contraction in US employment data heightened investor concerns about rising oil prices, persistent inflation, and slowing economic growth.Major US Indices Close Lower The S&P 500 Index recorded its largest single-day decline in nearly a month on Friday, dropping 1.3%. For the week, the benchmark index finished 2% lower.The Dow Jones Industrial Average also moved lower, falling 1%, while the Nasdaq 100 Index, which carries a heavy weighting toward technology...

Rupee Gains 2 Paise to 91.62 Against US Dollar After US Allows 30 Day Waiver for Russian Oil Purchases Rupee Opens Steady Amid Easing Energy Supply Concerns The Indian rupee remained largely stable on Friday and strengthened by 2 paise to 91.62 against the US dollar in early trade. The marginal gain came after the United States announced a 30 day waiver allowing Indian refiners to purchase Russian oil that is currently stranded at sea, easing concerns around global energy supply disruptions amid tensions in West Asia.At the interbank foreign exchange market, the rupee opened at 91.64, the same level as its previous close, before improving slightly to 91.62 against the American currency.US Waiver for Russian Oil Supports Market...