Stocks

Morgan Stanley, Cliffwater Limit Withdrawals From Private Credit Funds Amid Surge in Redemption Requests Private Credit Funds Restrict Investor Withdrawals as Redemption Demand Surges Morgan Stanley and Cliffwater LLC have capped withdrawals from their multibillion dollar private credit funds after investors attempted to redeem significantly more shares than the funds were prepared to allow.Cliffwater’s flagship $33 billion private credit vehicle restricted redemptions to 7 percent of shares during the first quarter after investors sought to withdraw a record 14 percent of shares.Morgan Stanley also limited withdrawals from its North Haven Private Income Fund, which manages about $8 billion in assets. The fund returned only $169...

VA Tech Wabag Secures Mega ₹1,000 Crore+ TTRO Plant Order from Chennai Water Board Shares of VA Tech Wabag Ltd. were in focus on Thursday, March 12, after the company announced that it had secured a mega order from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) for a tertiary treatment reverse osmosis (TTRO) plant in Kodungaiyur, Chennai.VA Tech Wabag categorizes projects worth more than ₹1,000 crore as mega orders.PPP Contract for Kodungaiyur TTRO Plant According to the company’s regulatory filing, it has received a Letter of Award from CMWSSB under a public private partnership model. The project involves refurbishing, financing, operating, maintaining, and eventually transferring the 45 million litres per day...

Indian Rupee Opens Weaker as Crude Oil Surge Sparks Import Cost Concerns The Indian rupee opened lower against the US dollar on Thursday as a sharp rise in global crude oil prices triggered fresh concerns about India’s import costs and external balance.The domestic currency began the session at 92.28 per dollar, weakening by 24 paise compared with its previous close of 92.04 on Wednesday.Oil Price Spike Pressures the Rupee The pressure on the rupee comes amid a surge in global crude oil prices following reports that Iranian-operated boats attacked two fuel tankers, raising fears of supply disruptions linked to the ongoing conflict involving Iran.Benchmark Brent crude climbed 7.3% to $98.60 per barrel, reversing earlier optimism...

Aditya Birla Capital Shares in Focus After Kotak Initiates Coverage With ‘Buy’ Rating Shares of Aditya Birla Capital Ltd. are expected to remain in focus on Thursday, March 12, after brokerage firm Kotak Institutional Equities initiated coverage on the stock with a positive outlook.Kotak has begun coverage with a ‘Buy’ rating and assigned a price target of ₹390 per share, indicating a potential upside of around 21 percent from the current market levels.Diversified Financial Services Model Drives Valuation According to Kotak Institutional Equities, Aditya Birla Capital operates as a diversified financial conglomerate, with a significant portion of its value coming from its flagship diversified non-banking financial company (NBFC)...

Wipro Shares in Focus After Multi Year Deal with TruStage to Transform Retirement Services Operations Shares of Wipro Ltd. are likely to remain in focus on Thursday, March 12, after the IT services company announced a multi year contract with US based insurance and financial services provider TruStage to modernize its retirement services business.The partnership centers on a large technology and operations transformation program aimed at improving operational efficiency, strengthening customer experience, and supporting long term business growth.Wipro to Lead Technology and Operations Transformation According to the company's announcement, Wipro will lead the modernization of TruStage's core retirement services operations. The...

Shares of Oil and Natural Gas Corporation (ONGC) are expected to be in focus on Thursday, March 12, after global brokerage Macquarie Group reiterated its positive view on the stock.Macquarie maintained an “Outperform” rating on ONGC with a price target of ₹300, implying a potential upside of about 11% from current levels.The stock has risen in only one of the past two trading sessions. While recent volatility in oil prices has provided short-term support, the brokerage believes sustained production growth will be the key driver for a re-rating of the stock.According to Macquarie, 2025 was a year of stability for ONGC, with the earlier production decline largely halted, although the company still saw a slight contraction in output...

Brokerage firm Motilal Oswal Financial Services said concerns about the recent underperformance of Maruti Suzuki India shares are exaggerated and maintained a positive outlook on the country’s largest passenger car manufacturer.The brokerage reiterated its “buy” rating on the stock and set a price target of ₹17,406, implying a potential upside of about 29% from Wednesday’s closing price.Market share recovery expected According to Motilal Oswal, Maruti Suzuki’s underperformance compared with the broader auto index is largely due to weak wholesale sales and a disappointing December-quarter result.However, the brokerage believes these concerns are overstated because retail demand for Maruti’s vehicles remains strong, particularly in...

Gold and Silver Prices Remain Largely Stable as Investors Weigh Geopolitical Risks and Inflation Outlook Gold and silver prices showed limited movement on Thursday as investors balanced geopolitical tensions in the Middle East with expectations surrounding key United States inflation data. The bullion market reflected cautious trading activity as broader macroeconomic signals continued to influence investor sentiment.Gold and Silver Prices on COMEX On the COMEX, gold was last trading at $5,149 per ounce, marking a decline of 0.59 percent from Wednesday’s closing price of $5,185.40 per ounce.Silver also moved slightly lower, trading at $85.195 per ounce. This represented a fall of 0.40 percent from its previous close of $86.065 per...

Borosil Shares in Focus After LPG Supply Disruption Impacts Production at Jaipur Furnaces LPG Supply Restriction Affects Manufacturing Operations Shares of Borosil Ltd. are expected to be in focus on Thursday, March 12, after the company informed stock exchanges about a disruption in LPG supply from oil marketing companies. The restriction has been communicated amid a force majeure situation linked to the ongoing conflict in the Middle East, which is affecting global fuel supply.According to the company, the supply constraints have directly impacted production at its manufacturing facilities in Jaipur, Rajasthan, where key glass furnaces are located.Borosilicate Furnace Temporarily Shut, Opal Glass Production Reduced Borosil stated...

Crude Oil Prices Surge After Tanker Attacks in Strait of Hormuz and Iraqi Waters Oil Markets Rally Sharply Amid Escalating Tensions Crude oil prices surged on Thursday after reports of additional tanker attacks in the Strait of Hormuz and Iraqi waters intensified fears of supply disruptions, fueling global inflation concerns and pushing borrowing costs higher.US crude, also known as West Texas Intermediate, climbed 7.5% to $93.80 per barrel, extending an overnight rise of more than 4%. Brent crude futures also recorded a sharp increase, jumping 7.7% to $99.03 per barrel.The price surge came despite efforts by the International Energy Agency to stabilize the market through a large-scale release of strategic reserves.Record...

GSP Crop Science Sets IPO Price Band at ₹304–₹320, Issue Opens March 16 Agrochemical manufacturer GSP Crop Science has announced the price band for its upcoming initial public offering (IPO), which will open for subscription on Sunday, March 16, and close on Tuesday, March 18.The company has set the price band at ₹304 to ₹320 per equity share, with investors able to bid for a minimum lot of 46 shares and in multiples thereafter.IPO Size and Structure At the upper end of the price band, GSP Crop Science aims to raise ₹400 crore through the IPO.The issue consists of two components:Fresh issue of shares worth ₹240 crore Offer for sale (OFS) of 50 lakh equity sharesUnder the OFS portion, promoters Vilasben Vrajmohan Shah, Bhavesh...

Asian Markets Slide as Oil Price Surge and Iran Conflict Weigh on Global Investor Sentiment Asian markets extended a turbulent trading week on Thursday after a sharp decline in US equity futures, as rising oil prices and increasing stress in the private lending market dampened investor confidence.Asian Stocks and US Futures Decline in Early Trading Early trading showed continued pressure across global equities. Contracts tied to the S&P 500 Index fell by 0.8 percent, while a key gauge of Asian shares dropped 1.1 percent. Treasury yields moved higher during the session.Oil prices registered a second consecutive day of gains as escalating rhetoric surrounding the Iran conflict raised concerns about a prolonged geopolitical...

US Futures Fall as Oil Prices Surge and Inflation Concerns Reignite Amid West Asia Uncertainty Wall Street Futures Decline After Volatile Trading Session US stock futures moved sharply lower on Thursday following a volatile trading session on Wall Street, as rising crude oil prices intensified concerns about inflation and ongoing uncertainty surrounding the conflict in West Asia.Futures linked to the Dow Jones Industrial Average dropped nearly 450 points, indicating a weak start for the benchmark index. Futures for the S&P 500 fell by around 50 points, while Nasdaq futures declined by nearly 200 points, reflecting broad risk aversion among investors.The decline in futures comes after a turbulent session on Wednesday, when markets...

Crude Oil Prices Climb Above $90 as Strait of Hormuz Disruptions Offset Record Reserve Release Oil Prices Extend Gains in Early Thursday Trade Crude oil prices continued their upward trend on Thursday, March 12, with US crude, also known as West Texas Intermediate, rising back above the $90 per barrel level in early trading. The increase follows a sharp rally on Wednesday, when prices surged by around 5%.The gains have persisted despite efforts by global energy authorities to stabilize the market through the release of emergency oil reserves.IEA Announces Record Release of Strategic Oil Reserves The International Energy Agency (IEA) has agreed to release 400 million barrels of oil from its emergency reserves, marking the largest...

US to Release 172 Million Barrels from Strategic Petroleum Reserve Amid Rising Oil Prices Move Aims to Ease Energy Costs During Ongoing War With Iran US President Donald Trump has announced that the United States will release 172 million barrels of oil from its Strategic Petroleum Reserve (SPR) in an effort to reduce rising energy prices linked to the ongoing war with Iran.The announcement was made on Wednesday evening by US Energy Secretary Chris Wright, as oil prices continue to climb in global markets.IEA Announces Larger Emergency Oil Release The US decision comes shortly after the International Energy Agency (IEA) announced the release of 400 million barrels of oil from emergency reserves to help stabilize global oil markets...

KIMS Board Approves Plan to Raise Up to ₹1,500 Crore Through QIP Krishna Institute of Medical Sciences Ltd. (KIMS) has approved a proposal to raise up to ₹1,500 crore through the issuance of equity shares via a qualified institutional placement (QIP) or other permissible routes.The decision was taken at a meeting of the company’s board of directors held on Wednesday, March 11. The hospital chain disclosed the development in a regulatory filing with the stock exchanges.Fundraising Subject to Approvals According to the company, the proposed fundraising plan will be subject to approvals from shareholders and relevant regulatory authorities. The final issue price for the equity shares will also be determined at a later stage.KIMS...

Sedemac Mechatronics Shares List at 13% Premium on Stock Exchanges Sedemac Mechatronics Debuts Above Issue Price Shares of Sedemac Mechatronics Ltd., an auto component manufacturer, made their stock market debut at a premium on Wednesday, March 11. The stock listed at ₹1,535 per share, marking a 13 percent gain over its issue price of ₹1,352.In the opening minutes of trading, the stock extended its gains and rose as much as 15 percent, reflecting early investor interest following the company’s public listing.IPO Subscription Details The company’s ₹1,087.4 crore Initial Public Offering received a moderate response from investors. Over the three day subscription window, the issue was subscribed 2.68 times the total number of shares on...

Jio Financial Services Shares Rise After Motilal Oswal Initiates Coverage With Buy Rating Brokerage Sees Over 35% Upside Potential Shares of Jio Financial Services Ltd. moved higher on Wednesday, March 11, after brokerage firm Motilal Oswal initiated coverage on the stock with a bullish outlook, projecting a 35.2% upside from its previous closing price.The brokerage started coverage with a Buy rating and set a target price of ₹320 per share, marking the second analyst initiation on the stock.Vision of a Next-Generation Financial Services Platform According to Motilal Oswal, Jio Financial Services is being structured as a next-generation financial services platform in India, with a presence across multiple segments of the financial...

IEX Shares Rise 3% After CERC Announces Framework for Carbon Credit Certificate Trading Stock Gains Following Regulatory Clarity on Carbon Credit Markets Shares of Indian Energy Exchange Ltd. (IEX) rose about 3 percent on Wednesday, March 11, after the Central Electricity Regulatory Commission (CERC) announced a regulatory framework governing the purchase and sale of Carbon Credit Certificates (CCCs).Power exchanges will serve as the primary platforms for trading these carbon credits under the newly outlined structure. The framework creates two separate market segments: a compliance market for obligated entities and an offset market for non-obligated participants.Key Institutions Assigned Roles in Carbon Credit Market Under the...

Sona BLW Precision Forgings Shares Jump 4% After BoFA Securities Upgrades Stock to Buy Brokerage Raises Price Target to ₹640, Sees 25% Upside Shares of Sona BLW Precision Forgings Ltd. rose as much as 4 percent on Wednesday, March 11, after brokerage firm BoFA Securities upgraded the stock to a buy rating in its latest report.Along with the upgrade, BoFA Securities increased its price target on the auto components manufacturer to ₹640 per share from ₹600 earlier. The revised target suggests a potential upside of about 25 percent from Tuesday’s closing level.Key Growth Drivers Identified by BoFA Securities According to the brokerage, Sona BLW Precision Forgings has returned to a growth trajectory after a challenging phase. The report...