Stocks

Stocks in Focus: VA Tech Wabag, Data Patterns, Bajel Projects Among Firms Reporting Fresh Order Wins Several listed companies are expected to remain in focus on Monday, March 16, after announcing significant order wins across sectors such as water infrastructure, defence technology, power transmission, and engineering services. Companies including VA Tech Wabag, Bajel Projects, Data Patterns, and SEAMEC have reported new contracts, while RailTel, Dilip Buildcon, and Newgen Software have also secured fresh orders.VA Tech Wabag Secures Mega Order from Chennai Water Board VA Tech Wabag has secured a major project through a joint venture with the Chennai Metropolitan Water Supply and Sewerage Board.The contract involves the development...

IndiGo Shares in Focus After Airline Introduces Fuel Surcharge Amid West Asia Conflict Shares of InterGlobe Aviation Ltd., the parent company of IndiGo, are likely to remain in focus on Monday, March 16, after the airline announced a fuel surcharge across all domestic and international routes following a sharp rise in aviation turbine fuel (ATF) prices linked to the ongoing conflict in West Asia.Rising Fuel Costs Trigger Surcharge IndiGo said it is facing a significant increase in aviation turbine fuel prices, triggered by the ongoing conflict involving Iran, the United States, and Israel in West Asia.To manage the rising cost pressures, the airline introduced a fuel surcharge effective March 14, 2026. The additional charge will...

Gold and Silver Prices Fall in Early Trade as Strong Dollar and Central Bank Meetings Weigh on Sentiment Gold and silver prices declined in early trading on Monday as a stronger US dollar and cautious investor sentiment ahead of key global central bank meetings weighed on the bullion market.Gold and Silver Prices Decline on COMEX On the COMEX, gold futures dropped by $56.70, or 1.12%, to $5,005 per ounce. Silver futures also recorded a sharper fall, declining by $1.738, or 2.14%, to $79.605 per ounce.The decline reflects a cautious mood among investors who are closely watching upcoming monetary policy decisions from major global central banks.Strong Dollar and Oil Prices Add Pressure Bullion prices faced additional pressure from a...

IDBI Bank Shares in Focus as Government Cancels Strategic Disinvestment Shares of IDBI Bank are expected to remain in focus on Monday, March 16, after the government cancelled the proposed strategic disinvestment of the lender following financial bids that reportedly fell below the reserve price set for the transaction.Financial Bids Fall Short of Reserve Price According to sources, the bids submitted for the stake sale did not meet the reserve price determined by the government. Under disinvestment rules, bids that fall below the reserve price cannot be accepted, which effectively halted the privatisation process.The reserve price for the transaction was considered relatively high and not fully aligned with the bank’s price to book...

Dilip Buildcon Emerges as Lowest Bidder for ₹160.20 Crore Road Project in Odisha New Delhi, March 14: Dilip Buildcon Limited has been declared the lowest bidder for a road construction project valued at ₹160.20 crore, excluding GST, according to a company announcement released on March 14.Project Details The project involves the construction of a diversion road between 4/700 km and 11/500 km on the Duduka–Gopalpur–Toparia Road, which is planned as a six lane corridor with a service road. The stretch is located in Sundargarh district of Odisha.The tender for the project was issued by Odisha Bridge & Construction Corporation Limited. The work will be carried out under the Engineering, Procurement and Construction (EPC) model.Dilip...

Government Revises Minimum Public Offer Rules for IPOs with Tiered Framework Based on Post-Issue Capital The Government of India has revised the minimum public offer requirements for companies planning to list on stock exchanges, introducing a tiered structure linked to the company’s capital after the public offering. The amendments were notified on March 13 through the Securities Contracts (Amendment) Rules, 2026, modifying Rule 19 of the Securities Contracts (Regulation) Rules, 1957.The updated rules came into effect immediately upon publication in the Official Gazette and aim to align minimum public shareholding requirements with the size of the company’s post-issue capital calculated at the offer price.Tiered Minimum Public...

Gold and Silver Prices Hold Steady as Strong US Dollar and Rising Yields Weigh on Bullion Precious Metals Remain Largely Stable in Friday Trading Gold and silver prices remained largely stable on Friday, March 13, as investors balanced safe haven demand with pressure from a stronger US dollar and rising US Treasury yields. Ongoing geopolitical tensions and changing expectations around interest rates also influenced market sentiment.On the COMEX, gold was quoted at $5,117.40 per ounce, down 8.40 points or 0.16 percent. Silver prices on COMEX were trading at $84.5 per ounce, lower by 0.522 points or 0.61 percent.Despite the limited intraday movement, bullion prices are heading toward their second consecutive weekly decline.Strong...

Gold and Silver Prices Hold Steady as Strong Dollar and Rising US Yields Pressure Bullion Gold and silver prices remained largely stable on Friday, March 13, as investors weighed safe haven demand against pressure from a stronger US dollar and rising US Treasury yields. Ongoing geopolitical tensions and shifting expectations around interest rates continued to influence sentiment in the precious metals market.COMEX Gold and Silver See Minor Declines On the commodities exchange, COMEX gold was quoted at $5,117.40 per ounce, down 8.40 points or 0.16 percent. COMEX silver traded at $84.5 per ounce, declining by 0.522 points or 0.61 percent.Despite the limited daily movement, bullion prices are on track for their second consecutive...

Gravita India to Acquire 98.95% Stake in Rashtriya Metal Industries for ₹559 Crore Gravita India Ltd. will be in focus on Friday, March 13, after the Jaipur-based recycling company signed definitive agreements to acquire a 98.95% stake in Rashtriya Metal Industries Ltd. (RMIL) for a total consideration of ₹559.08 crore.The company noted in a regulatory filing that the transaction is expected to be completed by or before March 31, 2026.Strategic Expansion into Copper and Copper Alloys RMIL generates nearly 40% of its revenue from exports to international markets, including the UAE, the US, Thailand, Sri Lanka, Kenya, Indonesia, Oman, and Saudi Arabia. The company operates an integrated manufacturing facility in Sarigam, Gujarat...

Mirae Asset Financial Services Completes Merger with Sharekhan NBFC Arm to Expand Lending Platform Consolidation Brings Lending Operations Under One Entity Mirae Asset Financial Services, a non banking financial company, has completed its merger with Mirae Asset Sharekhan Financial Services Limited, an NBFC subsidiary of the group.The consolidation became effective on March 11 and brings the lending operations of both entities under Mirae Asset Financial Services.The merger combines the strengths of both companies, integrating secured lending services with digital lending capabilities under a single platform.Focus on Secured Lending and Digital Lending Solutions Before the merger, Mirae Asset Sharekhan Financial Services primarily...

Asian Shares Dip as Oil Prices and Geopolitical Tensions Weigh on MarketsAsian equities followed the downward trend on Wall Street on Friday, as investors remained focused on rising oil prices and the potential inflationary impact of the escalating conflict in Iran.The regional stock index fell by 0.5% in early trading, mirroring a 1.5% decline in the S&P 500, which marked its lowest close since November 2025.Oil prices eased slightly after hitting their highest closing levels since August 2022, driven by defiant statements from both US President Donald Trump and Iran’s new supreme leader, who asserted that the Strait of Hormuz should remain closed.US Treasury yields held steady in early Friday trading after a decline across the...

Wall Street Slides as Oil Surpasses $100 Amid Middle East Tensions and Private Credit StressWall Street benchmark indices closed sharply lower on Thursday, weighed down by surging oil prices and ongoing stress in the private credit market. The Dow Jones Industrial Average fell by over 700 points, closing below the 47,000 mark for the first time in 2026. The S&P 500 and Nasdaq also declined, ending 1.6% and 1.8% lower, respectively, marking their lowest levels of the year.Oil Prices Surge Past $100 per BarrelBrent crude prices rose above $100 per barrel for the first time since 2022, fueled by renewed attacks on shipping in the Persian Gulf and provocative statements from Iran's new Supreme Leader, Mojtaba Khamenei. Khamenei...

Crude Oil Surges Past $100 Amid Geopolitical Tensions in Middle EastMarch 13, 2026 | Global Markets Crude oil prices continued their upward trajectory on Friday, with Brent crude closing above the $100 per barrel mark for the first time since 2022. West Texas Intermediate (WTI) crude rose by as much as 2.2% to $97.85 per barrel, positioning both benchmarks for another weekly gain.The surge comes amid heightened geopolitical tensions following statements from US President Donald Trump and Iran’s newly appointed Supreme Leader, Mojtaba Khamenei. In his first public remarks, Khamenei warned that Iran would take steps to ensure the strategic Strait of Hormuz remains closed to oil and gas shipments. He indicated that Iran would either...

Zomato Pilots “Rival” Cloud Kitchen to Target Health-Conscious ConsumersMumbai, March 13 Zomato, one of India’s leading food delivery platforms, has launched a pilot cloud kitchen brand called “Rival,” aimed at meeting the rising demand for high-protein and health-focused meals.The initiative is being rolled out in partnership with Massive Restaurants, the hospitality group behind popular chains like Farzi Cafe and Louis Burger. Unlike traditional private brand ventures, Zomato’s approach aligns with its earlier stance of not competing directly with restaurant partners, as operations are fully managed by the partner group rather than Zomato itself.Currently, Rival is operational in select locations in Gurugram, with orders...

Zydus Lifesciences Launches AI Powered CGM Devices Diasens and GlucoLive to Strengthen Diabetes Monitoring in India Zydus Expands Companion Diagnostics Portfolio with Smart Glucose Monitoring Zydus Lifesciences has launched two artificial intelligence powered continuous glucose monitoring devices, Diasens and GlucoLive, expanding its companion diagnostics portfolio as the demand for advanced chronic disease management tools grows in India.The next generation devices are designed to help patients with diabetes, chronic kidney disease, and individuals undergoing post transplant care. They enable continuous tracking of blood glucose levels while allowing clinicians to remotely monitor patient data in real time.Real Time Monitoring...

HCLTech Expands Strategic Partnership with Google Cloud to Accelerate Agentic AI Adoption Collaboration to Focus on AI Agents, Enterprise Automation, and Workforce Expansion HCL Technologies Ltd announced on Thursday, March 12, that it has expanded its strategic collaboration with Google Cloud to help enterprises accelerate the adoption of Agentic AI across industries.In a press release filed with the stock exchanges, the IT services major said the partnership will leverage Google Cloud’s Gemini Enterprise platform and Gemini models to develop custom artificial intelligence agents for global clients. The collaboration will also strengthen enterprise productivity and security through deeper integration with Google Workspace.Driving...

Aarti Industries Shares Jump 5.5% After Securing $150 Million Agrochemical Supply Contract Multi Year Agreement Strengthens Long Term Revenue Visibility Shares of Aarti Industries Ltd surged by as much as 5.5% on Thursday, March 12, after the specialty chemicals manufacturer announced a multi year supply contract valued at approximately $150 million with a global agrochemical company.In a regulatory filing, the company said the agreement will remain in effect until March 31, 2030. The contract converts an existing annual engagement into a structured medium term supply arrangement with increased volumes.Under the agreement, Aarti Industries will manufacture and supply a key agrochemical intermediate used in crop protection...

Gold and Silver Prices Slip in India as Stronger Dollar and Global Tensions Influence Bullion Market Precious Metals Trade Lower in Domestic Market Precious metal prices in India moved slightly lower on Thursday as global market pressures weighed on bullion, even as geopolitical uncertainty continued to support safe haven demand.On the Multi Commodity Exchange, gold futures declined by 0.26 percent to ₹1.61 lakh per 10 grams for 24 carat purity. Silver prices also weakened, falling by 0.63 percent to ₹2.67 lakh per kilogram.The muted movement in domestic bullion prices reflected global trends where the strengthening US dollar and rising crude oil prices limited gains in gold.Global Market Trends Weigh on Gold In international...

Gold, Silver Prices Slip in India as Strong Dollar and Oil Surge Weigh on Bullion Precious metal prices in India edged lower on Thursday as global markets reacted to rising geopolitical tensions and a stronger US dollar. The combination limited fresh buying interest in gold despite the metal continuing to attract safe-haven demand.Gold and Silver Prices on MCX On the Multi Commodity Exchange, gold futures declined 0.26% to ₹1.61 lakh per 10 grams for 24-carat purity.Silver prices also moved lower, falling 0.63% to ₹2.67 lakh per kilogram.Domestic price movements largely tracked global trends, where bullion faced pressure from a strengthening dollar and a sharp rise in crude oil prices.Global Factors Influencing Gold Prices In...

Rising Temperatures and Fuel Constraints May Boost Thermal Power Producers in FY27: Morgan Stanley Power Demand Expected to Rebound After Mild FY26 Rising temperatures across India and tighter fuel supplies could tilt the balance in favor of thermal power producers in fiscal year 2027, according to a report by investment firm Morgan Stanley.The report noted that power demand remained relatively subdued in fiscal year 2026 due to a mild summer and an unusually strong winter. These conditions reduced electricity consumption during peak periods, leading to softer demand during the year.However, early indicators for fiscal year 2027 suggest a shift in the trend. Temperatures have already begun rising across several parts of the country...