Stocks

Indian Markets Extend Gains for Second Straight Session Indian equity benchmarks closed higher on Tuesday after a volatile trading session, marking their second consecutive day of gains. The rally was supported by strong performance in the broader markets, which outpaced the benchmark indices.The BSE Sensex surged 568 points to settle at 76,071, while the NSE Nifty 50 advanced 172 points to close at 23,581, reclaiming the 23,550 mark.Midcaps Lead Rally, Market Breadth Remains Positive Broader markets emerged as the key drivers of the session. The midcap index climbed 559 points to end at 55,174, snapping a four-day losing streak.Market breadth remained firmly positive, with the advance-decline ratio at 3:2, reflecting widespread...

MOIL Share Price Surges 17% After Announcing FY30 Production Expansion Plan Stock Rebounds Sharply From Day’s Low Shares of state-owned MOIL witnessed a sharp rally on Tuesday, March 17, surging as much as 17% after the company outlined its long-term production targets.The stock rebounded strongly after hitting a 52-week low of ₹264.6 earlier in the day. It later traded at ₹289.15, marking a gain of 16.6%, as investor sentiment improved following the announcement.Ambitious Q4 Production Target For the fourth quarter, MOIL has set a production target of 9 lakh tonnes of manganese ore. This represents a significant increase, as it is double the output recorded in the third quarter.The sharp ramp-up signals the company’s focus on...

Eternal Share Price Rises 6% Despite 40% Correction; JM Financial Sees Strong Upside Eternal Stock Gains as Brokerage Flags Buying Opportunity Shares of Eternal Ltd, the parent company of Zomato and Blinkit, rose around 6% on Tuesday, March 17, even after witnessing a sharp correction of nearly 40% from recent highs. The rebound comes as brokerage firm JM Financial identified current levels as an attractive entry point for investors with a medium-term horizon.The stock was trading 6.11% higher at ₹235.58 during the session, although it remains down about 17% so far in 2026.Valuation Turns Attractive After Sharp Correction According to JM Financial, Eternal’s valuation has become compelling following the recent decline. The brokerage...

Alkyl Amines Shares in Focus as Ammonia Shortage Forces Production Halt at Key Plants West Asia Conflict Disrupts Supply Chains, Impacts Key Raw Material Availability Shares of Alkyl Amines Chemicals Ltd. are set to remain in focus on Tuesday, March 17, after the company informed stock exchanges that the ongoing geopolitical conflict in West Asia has disrupted global logistics networks and supply chains for crude oil and petrochemicals.The disruption has also affected the availability of liquefied natural gas, a crucial input in ammonia production, creating a ripple effect across the chemical manufacturing ecosystem.Ammonia Supply Hit as Manufacturers Invoke Force Majeure According to the company, several ammonia manufacturers have...

Gold and Silver Prices Rise on March 17 Amid Geopolitical Tensions and Safe-Haven Demand Gold and silver prices in international markets moved higher on March 17, supported by ongoing geopolitical tensions and cautious investor positioning ahead of key central bank decisions scheduled this week.Precious Metals Gain in COMEX Trading On the commodities front, COMEX gold rose 0.40% to $5,022.10 per ounce. COMEX silver advanced 0.83% to $81.35 per ounce, with prices trading in a range between $80.05 and $81.49 per ounce.The uptick in precious metals comes at a time when broader financial markets are attempting to stabilize. Asian equities recorded gains in early trade, while oil prices remained elevated due to the continuing conflict in...

Tata Motors Commercial Vehicle Prices Set to Rise Up to 1.5% From April 1 Tata Motors Announces Price Hike Across CV Portfolio Shares of Tata Motors' commercial vehicle arm are expected to remain in focus on Tuesday, March 17, after the company announced a price increase across its product range.Tata Motors stated that prices of its commercial vehicles will be raised by up to 1.5%, with the revision coming into effect from April 1, 2026.Cost Pressures Drive Price Revision The company said the decision has been taken to partially offset the impact of rising commodity prices and other input costs.According to its regulatory filing, the extent of the price increase will vary depending on the model and variant, indicating a calibrated...

Redington Shares in Focus as Gulf Operations Face Restrictions Amid Geopolitical Tensions Redington Flags Disruptions in Gulf Region Operations Shares of Redington Ltd. are set to remain in focus on Tuesday, March 17, after the company disclosed operational constraints in the Gulf region due to ongoing geopolitical tensions.In an exchange filing, Redington cited inputs from its subsidiary, Redington Gulf FZE, stating that business operations in the region are currently being carried out in a restricted manner.Logistics Disruptions Impact Supply Chain and Transit Timelines The company highlighted that rerouting of shipments, along with closures of major ports and airports, has led to extended transit times. These disruptions are...

Sagar Cements OFS News: Company to Sell 7.24% Stake in Andhra Cements via Offer for Sale Sagar Cements Announces OFS for Andhra Cements Stake Shares of Sagar Cements are set to remain in focus on Tuesday, March 17, after the company announced that its board has approved an Offer for Sale (OFS) of up to 66.76 lakh equity shares in its subsidiary, Andhra Cements.The proposed stake sale represents approximately 7.24% of Andhra Cements' total issued equity share capital.OFS Schedule and Structure Details The OFS will be conducted through a separate window on stock exchanges over two trading days, March 17 and March 18, between 9:15 am and 3:30 pm.On the first day, bidding will be open exclusively to non-retail investors. These...

Asian Stocks Rise as Strait of Hormuz Hopes Lift Sentiment; Oil Rebounds Near $102 Asia Markets Open Higher Tracking Wall Street Gains Asian equities began Tuesday’s session on a positive note, following gains on Wall Street driven by easing concerns over disruptions in the Strait of Hormuz. Investor sentiment improved on expectations that additional oil tankers may be able to navigate the critical shipping route.Markets across Australia, South Korea, and Japan opened higher, helping push the MSCI Asia Pacific Index up by 0.8% in early trade.Oil Volatility and Currency Stability Shape Market Mood In commodities, oil prices showed renewed strength. Brent crude rebounded to around $102 per barrel early Tuesday after falling 2.8% in...

Reliance Industries Signs $3 Billion Green Ammonia Deal With Samsung C&T, Stock in Focus Long-Term Supply Agreement Strengthens Clean Energy Push Shares of Reliance Industries Ltd. will remain in focus on Tuesday, March 17, after the company announced a binding agreement with Samsung C&T, a subsidiary of South Korea’s Samsung Group, for the supply of green ammonia over a 15-year period.The deal is valued at over $3 billion, with supplies scheduled to commence in the second half of FY29, according to a regulatory filing.One of the Largest Global Green Ammonia Offtake Deals The agreement stands among the largest long-term green ammonia offtake arrangements globally. It comes at a time when countries such as Japan and South Korea are...

Crude Oil Prices Rebound Amid West Asia Tensions and Supply Disruptions Crude oil prices are witnessing modest gains in early trade on March 17, recovering after a sharp overnight decline, as geopolitical tensions across West Asia continue to influence market sentiment.Oil Prices Recover After Overnight Drop West Texas Intermediate (WTI), the US crude benchmark, is trading higher by 1.5% after falling more than 3% overnight. Earlier in the week, US crude prices had surged to $100 per barrel on Monday morning before easing to around $92 by the end of the session.Brent crude, despite a 2% decline overnight, continues to hold above the $100 per barrel mark, indicating sustained strength in global oil benchmarks.Geopolitical...

TIL Approves ₹200 Crore Rights Issue at 17% Discount; Record Date Set for March 23 Company Plans Fundraise Through Partly Paid-Up Shares TIL has approved a fundraise of ₹200 crore through a rights issue following the conclusion of its board meeting held on Monday, March 16.In a regulatory filing, the company stated that the issue will involve partly paid-up equity shares with a face value of ₹10 each.Issue Details and Pricing Structure As part of the offering, TIL will issue 1.2 crore partly paid-up equity shares to mobilize the planned ₹200 crore.The issue price has been fixed at ₹165 per fully paid-up equity share, which represents a 17% discount to the company’s closing price on Monday.Rights Entitlement and Payment Terms...

Indian Market Rallies, Indices Recover from Three-Day Losing Streak Market Indices Stage a Sharp Rebound Benchmark indices in India staged a sharp recovery following a volatile trading session, successfully ending a three-day losing streak. The Sensex rose by 939 points to close at 75,503, while the Nifty gained 258 points to settle at 23,409. Both indices rebounded more than 2% from their day's lows.Top Nifty Gainers and Weak Performers Among the Nifty constituents, UltraTech Cement, Eternal, and HDFC Bank led the gains. Despite the overall recovery, the market remained relatively weak, with the NSE advance-decline ratio at 1:2, indicating significant selling pressure.Banking and Midcap Index Performance The Nifty Bank index...

HDFC Bank Shares Lead Nifty 50 Recovery with 3% Gain HDFC Bank Drives Index Rebound HDFC Bank Ltd. shares were a standout performer on Monday, rising as much as 3% to lead the pack among the top gainers in the Nifty 50. The shares of India’s private lender were not only among the top index gainers but also the biggest contributors to the recovery of the Nifty 50.Recent Performance and Analyst Sentiment Last week, the stock hit a new 52-week low of ₹812. The recent rebound marks the fourth day of gains for the stock in the last 15 trading sessions, with its Relative Strength Index having fallen to "oversold" territory, reaching lows of 22. Currently, the RSI is at 33.Despite the recent volatility, the analyst community maintains a...

Bajel Projects Shares Jump 20% After Securing EPC Order From Tata Power Stock Surges After Fresh Order Win Shares of Bajel Projects Ltd. surged by as much as 20% on Monday, March 16, after the company informed stock exchanges that it had secured a significant engineering, procurement and construction (EPC) order from Tata Power Company for transmission line works.The announcement triggered strong buying interest in the stock during the trading session.Details of the Tata Power Contract According to the company's disclosure, the order involves EPC work for monopoles, including foundation construction, for the 220 kV Kalwa Kalyan Pal transmission line project in Mumbai.Bajel Projects classified the contract as a “significant order”...

Auto Ancillaries and Select Consumer Stocks Offer Better Opportunities Than PSU Banks, Says SBI Securities’ Sunny Agarwal Cautious Stance on Public Sector Banking Stocks Sunny Agarwal of SBI Securities has advised investors to remain cautious when considering investments in the public sector banking sector. According to him, the segment may not currently offer the most attractive opportunities compared with other areas of the market.Auto Ancillary Sector Seen as a Strong Opportunity Agarwal believes companies in the automotive ancillary space present better investment prospects. He highlighted that businesses benefiting from premiumization trends and export demand are likely to provide stronger opportunities for investors.The...

IndiGo Shares Open Lower After Airline Imposes Fuel Surcharge Amid West Asia Conflict Shares of InterGlobe Aviation, the parent company of IndiGo, opened lower on Monday, March 16, after the airline announced a fuel surcharge on all domestic and international routes in response to rising aviation turbine fuel prices linked to the ongoing conflict in West Asia.Fuel Price Surge Drives Surcharge Decision In a statement, IndiGo said aviation turbine fuel prices have risen sharply due to geopolitical tensions involving Iran, the United States, and Israel. The surge in fuel costs has significantly impacted airline operating expenses, prompting the carrier to introduce a fuel surcharge effective March 14, 2026.The airline said the move is...

IDBI Bank Shares in Focus as Government Cancels Strategic Disinvestment Strategic Stake Sale in IDBI Bank Called Off Shares of IDBI Bank are likely to remain in focus on Monday, March 16, after the government cancelled the proposed strategic disinvestment of the lender. The decision follows financial bids that were reportedly below the reserve price set for the transaction, according to sources.Under the disinvestment framework, the government typically cannot accept bids that fall below the reserve price, which effectively stalled the privatisation process.Valuation Concerns Impact Bidding Process Sources indicated that the reserve price for the stake sale was viewed as too high, and was not aligned with the bank’s price-to-book...

Nomura Cuts Nifty 50 Target for December 2026 to 24,900 Amid West Asia War Risks Nomura has lowered its target for the Nifty 50 index for December 2026, citing rising risks to corporate earnings due to elevated oil prices linked to the ongoing conflict in West Asia.Nomura Sees Earnings Risk if Oil Prices Stay Elevated In a note dated Monday, March 16, the brokerage said it now expects the Nifty 50 to reach 24,900 by December 2026, down from its earlier target of 29,300.Nomura warned that consensus earnings estimates for the financial year 2027 could face a downside risk of 10% to 15% if oil prices remain high for an extended period.Its base case scenario assumes:A 7.5% reduction in consensus earnings estimates A...

Metal Stocks in Focus: JSW Steel Plans Mozambique Coal Mine, Jindal Stainless Faces Fuel Constraints, Hindalco Clarifies Operations Shares of major metal companies including JSW Steel, Jindal Stainless, and Hindalco Industries are expected to remain in focus on Monday, March 16, following company-specific developments and operational updates.JSW Steel Plans Coking Coal Mine Development in Mozambique JSW Steel is likely to attract investor attention after announcing plans to develop a coking coal mine in Mozambique.According to the company, the proposed project is estimated to contain around 850 million tonnes of coal reserves and could potentially produce about 250 million tonnes of usable coking coal. The development is expected to...