Stocks

Nuvama Upgrades HCLTech, Wipro, Tech Mahindra, Hexaware to ‘Buy’; Now Bullish on All Top 10 Indian IT Stocks Mumbai, March 11: Brokerage firm Nuvama has turned bullish on the entire top 10 Indian IT services companies, assigning a “buy” rating to all of them after upgrading its recommendations for HCLTech, Wipro, Tech Mahindra, and Hexaware Technologies in its latest note released on Wednesday, March 11. The brokerage said that despite near term volatility, the Indian IT services sector remains positive for the medium to long term, even as the industry navigates concerns around the rise of generative AI (Gen AI). HCLTech, Wipro, Tech Mahindra, Hexaware Upgraded Nuvama upgraded the ratings for four IT companies from “hold” to “buy,”...

Gold and Silver Prices Hold Steady as Investors Weigh West Asia Conflict and Inflation Signals Gold and silver prices were largely unchanged in early trading on Wednesday as investors evaluated mixed signals from US officials regarding the ongoing conflict in West Asia and its potential impact on global energy markets and inflation.On the COMEX, gold traded at $5,224.40 per ounce, down $17.70 or 0.34 percent. Silver prices also declined, with COMEX silver slipping 0.75 percent to $88.92 per ounce.Geopolitical Tensions Keep Precious Metals Volatile The precious metals market has remained volatile as developments in West Asia continue to influence crude oil prices and global risk sentiment.The White House clarified that the United...

Raajmarg Infra InvIT IPO Opens Today: Price Band Set at ₹99 to ₹100 Per Unit The initial public offering of the state-backed Raajmarg Infra Investment Trust has opened for subscription on Wednesday, March 11. The issue will remain open for investors until March 13.The InvIT is sponsored by the National Highways Authority of India and marks a key step in opening highway infrastructure assets to public market investors.Anchor Investors Commit ₹1,728 Crore Ahead of IPO Before the public offering opened, the InvIT secured ₹1,728 crore from anchor investors. The anchor book saw participation from a wide range of institutional investors.Key investors included Life Insurance Corporation of India, ICICI Prudential Life Insurance, Kotak...

SpaceX May Pursue Historic Nasdaq IPO, Seeks Inclusion in Nasdaq 100 SpaceX, the rocket and satellite manufacturer founded by Elon Musk, is reportedly exploring plans to list its shares on the Nasdaq, a move that could result in the largest initial public offering in history. The development was cited by four individuals familiar with the company’s internal discussions.According to two of the sources, SpaceX has expressed interest in securing a place in the Nasdaq 100 index as a condition for listing on the exchange. The index is widely followed by institutional investors and is viewed as a benchmark for many of the world’s largest publicly traded companies.Nasdaq and NYSE Compete for Potential SpaceX Listing Reports earlier...

IndiGo CEO Pieter Elbers Resigns; Rahul Bhatia Takes Interim Charge Shares of InterGlobe Aviation, the parent company of IndiGo, are expected to remain in focus on Wednesday, March 11, after the airline announced the resignation of its Chief Executive Officer Pieter Elbers.Rahul Bhatia to Manage Operations on Interim Basis In a regulatory filing, IndiGo stated that its Board of Directors took note of Elbers’ resignation during a meeting held on March 10, 2026. The airline confirmed that Elbers would step down from his position at the close of business hours on the same day.Following his departure, Managing Director Rahul Bhatia will temporarily oversee the management of the airline’s affairs until further arrangements are made...

Asian Markets Rise as Oil Prices Reverse Gains After Report of Potential Record Crude Release Asian Stocks Advance While Oil Retreats Following IEA Proposal Asian markets moved higher on Wednesday, while crude oil prices reversed earlier gains after a media report suggested that the International Energy Agency (IEA) is considering the largest release of emergency crude reserves in its history.Investor sentiment shifted after a report indicated that the proposed release could exceed the 182 million barrels of oil that member countries previously released in two rounds during the early phase of the Russia Ukraine war.Oil Prices Fall After Early Surge Brent crude had initially surged nearly 3 percent to trade just above 90 dollars per...

IEA Considers Largest-Ever Oil Reserve Release as Middle East Tensions Push Prices Higher Emergency Meeting Discusses Major Market Intervention The International Energy Agency (IEA) is considering the largest release of strategic oil reserves in its history as governments confront rising crude prices linked to escalating conflict in the Middle East, according to a report by the Wall Street Journal citing officials familiar with the discussions.The proposal was discussed during an urgent meeting of energy officials on Tuesday. If implemented, the planned release would exceed the previous record set in 2022, when IEA member countries collectively released 182 million barrels of oil into the market through two separate interventions...

Oracle Shares Jump 10% in Extended Trading After Strong Results and AI Cloud Demand Oracle Reports Strong Quarter Driven by Rapid Cloud Infrastructure Growth Oracle Corp. shares surged by as much as 10% in extended trading on Tuesday after the company reported robust quarterly results and issued a stronger than expected revenue outlook.A major driver behind the performance was Oracle's infrastructure business, which posted 84% year on year revenue growth during the quarter. The segment generated $4.9 billion in revenue, outperforming analyst expectations of 79% growth and accelerating from the 68% growth recorded in the previous quarter.The strong performance highlights the increasing demand for large scale cloud infrastructure that...

US Stocks Open Higher as Oil Prices Ease Amid Iran TensionsNew York, March 10, 2026 – US equities opened on a positive note on Tuesday, extending the rebound from Monday’s session, as oil prices eased and investors weighed developments in the Iran conflict. Early volatility saw markets swing between losses and gains before settling into upward territory.The Dow Jones Industrial Average climbed approximately 248 points, or 0.5%, while the S&P 500 rose 0.4% and the Nasdaq Composite gained 0.6%.Oil, which had surged in recent days, retreated sharply, relieving some pressure on stocks. West Texas Intermediate crude fell around 11% to near $84 per barrel, and Brent crude dropped over 10% to roughly $88.8 per barrel.Market...

Adani Enterprises Completes Full Acquisition of DP Jain TOT Toll Roads Mumbai, India – March 10, 2026 – Adani Enterprises Ltd announced that its wholly-owned subsidiary, Adani Road Transport Ltd (ARTL), has completed the acquisition of the remaining 49% equity stake in DP Jain TOT Toll Roads Pvt Ltd, along with 100% optionally convertible redeemable preference shares, according to a filing with stock exchanges.The acquisition follows a previously signed share purchase agreement with D P Jain & Co Infrastructure Pvt Ltd and DPJ-DRA Tollways Pvt Ltd. ARTL had earlier acquired a 51% equity stake in February 2026. With the completion of this transaction on March 10, 2026, DP Jain TOT Toll Roads has become a wholly-owned subsidiary of...

IDFC FIRST Bank Pays ₹645 Crore to Clients Linked to Chandigarh Branch Incident Additional Claims Increase Compensation Amount IDFC FIRST Bank on Tuesday said it has paid a net principal amount of ₹645 crore to clients in connection with an incident at one of its branches in Chandigarh, revising its earlier estimate of ₹590 crore.In a regulatory filing to stock exchanges, the bank stated that the total payout rose by ₹55 crore after it received additional claims from affected customers.Bank Clarifies No New Incident The lender clarified that the additional claims are linked to the same Chandigarh branch incident and do not indicate a separate case.According to the bank, all claims associated with the matter have now been addressed...

Fertilizer Stocks Rally After Government Caps Natural Gas Supply to Plants Shares of major Indian fertilizer companies surged on Tuesday, March 10, after the government issued the Natural Gas Regulation Order, 2026, introducing a cap on gas supply to fertilizer plants. The move triggered strong buying interest in stocks such as Chambal Fertilisers Ltd., Rashtriya Chemicals and Fertilizers (RCF) Ltd., Deepak Fertilisers Ltd., and Fertilisers and Chemicals Travancore (FACT) Ltd.The order comes at a time when global natural gas supply chains are facing disruptions, creating concerns over availability for industrial users.Government Caps Gas Supply for Fertilizer Plants Under the newly issued order, natural gas supply to fertilizer...

Amber Enterprises Shares Trade Lower for Second Day Despite Jefferies Highlighting Growth Catalysts Shares of Amber Enterprises India Ltd. continued to trade with losses for the second straight session on Tuesday, March 10, even as brokerage firm Jefferies maintained a positive outlook on the company and highlighted multiple growth drivers ahead.Jefferies Maintains ‘Buy’ Rating with ₹9,120 Target Jefferies has reiterated its ‘buy’ rating on Amber Enterprises and set a price target of ₹9,120 per share, implying a potential upside of 24.6 percent from the stock’s previous closing level.The brokerage noted that the stock has rallied more than 40 percent from its January lows, largely supported by the company’s strong performance in the...

Arvind Smartspaces Shares Jump 13% After Pirojsha Godrej Buys Stake in Block Deal Stock Surges After ₹41 Crore Block Transaction Shares of Arvind Smartspaces Ltd. climbed more than 13 percent on Tuesday, March 10, after Pirojsha Adi Godrej purchased 8.2 million shares of the company through a block deal.The transaction was executed at an average price of ₹498 per share, taking the total deal value to approximately ₹41 crore. The acquired shares represent around 1.7 percent of the company’s total outstanding equity, according to exchange data.Following the development, the stock surged in early trade, reflecting positive investor sentiment around the transaction.HDFC Capital Fund Exits Partial Stake Data from the stock exchanges...

Nifty May Trail Asian Peers as Consolidation Likely Near Key Levels, Says CLSA Chartist The Nifty 50 index may remain a relative underperformer compared with other Asian markets and could move within a consolidation range over the next few months, according to CLSA chartist Laurence Balanco.Speaking to CNBC-TV18 on March 10, Balanco outlined key technical levels for the benchmark index, expectations for oil and gold prices, and the outlook for major sectors and stocks.Nifty Seen Consolidating Between 23,800 and 26,300 Balanco expects the Nifty 50 to remain in a consolidation phase for the next three months. He highlighted 23,800 as a key support level, close to Monday’s low of 23,697.On the upside, the index may face resistance...

Escorts Kubota Shares Rise After Kotak Institutional Equities Upgrades Stock to “Buy” Stock Gains Up to 4% in Early Trade Shares of Escorts Kubota Ltd. moved higher in early trading on Tuesday, March 10, rising as much as 4% after Kotak Institutional Equities upgraded the stock and highlighted that the company’s core growth drivers remain intact.The brokerage upgraded its recommendation to “buy” from its earlier “sell” rating and set a price target of ₹3,375 per share. The target implies a potential upside of about 5.3% from the previous closing price.Tractor Demand Less Dependent on Monsoon Kotak Institutional Equities said tractor demand in India has become less dependent on monsoon variability due to several structural factors...

Dixon Technologies Stock Rises on JV Approval for Display Module Manufacturing Shares of Dixon Technologies Ltd. rose about 6% in early trading on Tuesday, March 10, after the company received approval from the Ministry of Electronics and Information Technology to form a joint venture with Chinese firm HKC Overseas Ltd. for manufacturing display modules.The development has drawn positive views from brokerages, with Nomura projecting nearly 50% upside for the stock, while JPMorgan continues to maintain an overweight stance.Dixon Technologies shares were trading 6.1% higher at ₹10,399 in early trade on Tuesday. However, the stock has declined 10.4% over the past month.Dixon Display Technologies to Become Joint Venture Entity Under...

HSBC Initiates Coverage on Meesho With Hold Rating, Sets Target Price of ₹160 HSBC has initiated coverage on e-commerce company Meesho with a Hold rating and a price target of ₹160 per share. The brokerage said the target implies a potential upside of about 12 percent from the current market price.Meesho Positioned Strongly in Value E-commerce Segment According to HSBC, Meesho is close to achieving a dominant position in India's value e-commerce segment. The company primarily focuses on delivering low-value parcels that are generally not time-sensitive, a category that has seen increasing demand in the country's fast-growing online retail market.The brokerage highlighted that this positioning allows Meesho to cater to...

Dixon Technologies Shares in Focus After Government Clears Display Module JV with HKC; Nomura Sees Nearly 50% Upside Shares of Dixon Technologies Ltd. are likely to remain in focus on Tuesday, March 10, after the company received approval from the Ministry of Electronics and Information Technology to establish a joint venture with Chinese firm HKC Overseas Ltd. for display module manufacturing. Brokerage firm Nomura has maintained a bullish outlook on the stock, projecting significant upside potential.Dixon to Form JV with HKC Overseas for Display Modules Dixon Technologies announced that its wholly owned subsidiary, Dixon Display Technologies Pvt. Ltd., will be converted into a joint venture entity. Under the arrangement, Dixon will...

Jagsonpal Pharmaceutical Shares in Focus as Board to Consider Buyback Proposal on March 12 Shares of Jagsonpal Pharmaceutical Ltd. are drawing market attention on Tuesday, March 10, after the company announced that its board of directors will consider a proposal to buy back equity shares later this week.Board Meeting Scheduled to Review Share Buyback Jagsonpal Pharmaceutical informed stock exchanges that its board will meet on March 12, 2026, to evaluate and potentially approve a proposal for the buyback of fully paid equity shares with a face value of ₹2 each.If the proposal is approved, it would mark the first share buyback in the company’s history, according to data available on the Bombay Stock Exchange.Share buybacks...