Stocks

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...

Gold and Silver Hold Near Recent Levels as Investors Track Middle East Developments and Dollar Moves Gold and silver prices remained relatively stable in early trading on Tuesday as investors continued to monitor geopolitical developments in the Middle East and movements in the US dollar.Gold Gains While Silver Outperforms COMEX gold was trading at $5,175 per ounce, rising $71.30 or 1.40%. Silver recorded stronger gains, with COMEX silver climbing 5.87% to $89.49 per ounce.The advances followed recent volatility across global financial markets that has been driven by geopolitical tensions and shifting risk sentiment among investors.Markets React to Middle East Developments Financial markets have been closely watching developments...

Gold and Silver Hold Near Recent Levels as Investors Track Geopolitics and Dollar Movements Gold and silver prices remained relatively stable in early trading on Tuesday as investors closely monitored geopolitical developments in the Middle East and movements in the US dollar. Precious metals held near recent levels following a period of volatility across global markets.COMEX Gold and Silver Prices COMEX gold was trading at $5,175 per ounce, up $71.30 or 1.40%. Silver outperformed gold, with COMEX silver rising 5.87% to $89.49 per ounce.The gains come after sharp fluctuations in global financial markets driven by geopolitical tensions and changing risk sentiment among investors.Geopolitical Developments Influence Market Sentiment...

Restaurant Stocks May Open Lower as Commercial LPG Supply Concerns Mount Quick service restaurant operators and food delivery companies such as Jubilant FoodWorks, Westlife Foodworld, Devyani International, Swiggy, and Eternal are expected to begin Tuesday’s trading session on a weaker note as concerns rise over disruptions in commercial LPG supplies to restaurants across several regions in India.Restaurant Bodies Flag Supply Disruptions Restaurant associations from Bengaluru, Tamil Nadu, Maharashtra, and Delhi have raised alarms that commercial LPG supplies to eateries have effectively stopped in multiple areas. The groups have written to the Ministry of Petroleum requesting urgent intervention to address the situation.The National...

Brent Crude Slides Below $100 After Trump Signals Iran War May End Soon Oil Prices Record Sharpest Intraday Reversal as Markets React to Policy Signals Global oil prices witnessed a dramatic reversal on Monday after US President Donald Trump indicated that the war involving Iran could end soon. Brent crude dropped more than $20 per barrel from its intraday peak, falling below the $100 per barrel level as markets reacted to the possibility of easing geopolitical tensions.Brent crude had surged to an intraday high of $119.5 per barrel during the session. However, prices sharply reversed course later in the day, marking the largest drop from an intraday high to the closing price ever recorded for the commodity. The downward trend...

Asian Markets Rebound as Oil Prices Drop After Trump Signals Iran War Could End Soon Asian stock markets rebounded on Tuesday following a sharp sell off in the previous session, while crude oil prices declined after US President Donald Trump signaled that the war with Iran could end soon. The comments helped lift sentiment across global markets and supported a positive close for Wall Street.Asian Stocks Rise After Global Market Recovery Shares across key Asian markets moved higher, reflecting improved investor sentiment after the previous day's volatility. Markets in Japan, Australia, and South Korea advanced, helping the broader MSCI Asia Pacific Index climb 1.7 percent.The gains followed a positive session in the United States...

Innovision IPO Opens Today: Price Band Set at ₹521–₹548 Per Share, Issue Aims to Raise ₹322.84 Crore The initial public offering (IPO) of Innovision Limited, a company engaged in manpower services and toll plaza management, opens for subscription today, Tuesday, March 10. The three day public issue will remain open for bidding until March 12.Innovision IPO Price Band and Lot Size The Gurgaon based company has fixed the price band for the IPO at ₹521 to ₹548 per equity share.Investors can place bids starting with a minimum lot size of 27 shares and in multiples thereafter.In the grey market, Innovision’s unlisted shares were trading at ₹548 today. However, grey market premiums only reflect pricing trends in the unofficial market...

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...