Stocks

Gold and Silver Prices Fall Despite Escalating Middle East Tensions Global gold and silver prices declined on Monday even as geopolitical tensions in the Middle East intensified, surprising investors who typically expect precious metals to rise during periods of conflict.Gold and silver, traditionally viewed as safe haven assets during geopolitical crises, moved lower as investors booked profits and sought liquidity amid wider market stress.Gold and Silver Slide in Global Markets On the COMEX, gold prices fell by about 1.3 percent to around $5,090 per ounce. Silver witnessed a sharper drop, declining by more than 4 percent per ounce.The decline comes even as the conflict involving Iran, Israel, and the United States continues to...

Sedemac Mechatronics IPO Allotment Expected Today: Here’s How Investors Can Check Status Sedemac Mechatronics is expected to finalize the share allotment for its initial public offering on Monday, March 9, 2026, following the close of its ₹1,087.45 crore offer for sale issue last week.The IPO opened for bidding from March 4 to March 6 and attracted moderate investor interest across categories.Sedemac Mechatronics IPO Details The public issue consisted entirely of an offer for sale of 0.80 crore equity shares. The price band for the IPO was set between ₹1,287 and ₹1,352 per share.The company also reserved up to 8,170 shares for employees, offered at a discount of ₹128 per share to the final issue price.For retail investors, the...

Rajputana Stainless IPO Opens Today: Price Band Set at ₹116–₹122, Issue Size ₹254.98 Crore The initial public offering (IPO) of Rajputana Stainless Ltd., a manufacturer of long and flat stainless steel products under the RSL brand, opens for subscription on Monday, March 9, 2026. The public issue will remain open for bidding until March 11, 2026.Ahead of the IPO launch, the Gujarat-based company secured ₹10 crore from an anchor investor, indicating early institutional interest in the issue.Rajputana Stainless IPO Anchor Investment Before the IPO opened, Shine Star Build Cap participated as the anchor investor in the issue.Rajputana Stainless allocated 8.19 lakh equity shares at ₹122 per share, raising ₹10 crore through the anchor...

Oil Prices Near $110 as Donald Trump Defends Spike Amid Iran Conflict Trump Calls Oil Price Surge a ‘Small Price to Pay’ for Global Security US President Donald Trump has defended the recent surge in crude oil prices, saying the increase is a necessary cost for ensuring global safety amid escalating tensions with Iran.In a post on Truth Social on Sunday evening, Trump said the temporary rise in oil prices should not be viewed negatively if it contributes to eliminating Iran’s nuclear threat.“The short-term increase in oil prices, which will quickly decline once the threat of Iran's nuclear program is eliminated, is a very small price to pay for the United States and the world's safety and peace. ONLY FOOLS WOULD THINK DIFFERENTLY!”...

RITES Secures ₹45.19 Crore Consultancy Contract for Muriganga Bridge Project in West Bengal Transport infrastructure consultancy and engineering firm RITES Ltd has secured a ₹45.19 crore contract from the West Bengal government for consultancy services related to the construction of a proposed four lane bridge over the Muriganga river.The company announced on Saturday that the contract was awarded by the Public Works Directorate of the West Bengal government for project management services associated with the major bridge project connecting Sagar Island with the mainland in South 24 Parganas district.Consultancy Role for Muriganga Bridge Project Under the agreement, RITES will act as the Project Management Consultant for the...

IRB Infrastructure Reports ₹746 Crore Toll Revenue in February 2026, Up 22% YoY Strong Traffic Growth Drives Higher Toll Collections IRB Infrastructure Developers Ltd announced on Saturday that the IRB Group recorded toll revenue of ₹746 crore in February 2026, marking a year on year increase of about 22 percent compared with ₹614 crore reported in February 2025.The company said the aggregate toll collections across its three entities rose approximately 22 percent during the month, reflecting strong traffic growth across its road assets.Revenue Generated Across Three IRB Entities The toll revenue includes collections generated by three entities within the group:IRB Infrastructure Developers Limited IRB Infrastructure Trust, a...

Wall Street Extends Losses as Middle East Conflict and Weak Jobs Data Weigh on Markets Wall Street remained under pressure on Friday as major US indices declined further, capping the worst weekly sell-off since October. Escalating tensions in the Middle East and a surprise contraction in US employment data heightened investor concerns about rising oil prices, persistent inflation, and slowing economic growth.Major US Indices Close Lower The S&P 500 Index recorded its largest single-day decline in nearly a month on Friday, dropping 1.3%. For the week, the benchmark index finished 2% lower.The Dow Jones Industrial Average also moved lower, falling 1%, while the Nasdaq 100 Index, which carries a heavy weighting toward technology...

Rupee Gains 2 Paise to 91.62 Against US Dollar After US Allows 30 Day Waiver for Russian Oil Purchases Rupee Opens Steady Amid Easing Energy Supply Concerns The Indian rupee remained largely stable on Friday and strengthened by 2 paise to 91.62 against the US dollar in early trade. The marginal gain came after the United States announced a 30 day waiver allowing Indian refiners to purchase Russian oil that is currently stranded at sea, easing concerns around global energy supply disruptions amid tensions in West Asia.At the interbank foreign exchange market, the rupee opened at 91.64, the same level as its previous close, before improving slightly to 91.62 against the American currency.US Waiver for Russian Oil Supports Market...

Fractal Analytics Shares in Focus After Strong Quarterly Results; Revenue Rises 20.8% Shares of Fractal Analytics Ltd. are likely to remain in focus on Friday, March 6, after the company reported a strong quarterly performance, marking its first earnings announcement since listing.The analytics and artificial intelligence solutions provider reported revenue growth of 20.8% year on year and 7% sequentially, reflecting continued demand for AI driven consulting and product solutions across multiple sectors.Profitability Improves as Margins Expand Fractal Analytics reported an adjusted EBITDA margin of 17.8%, improving from 17.4% in the previous period, while gross margin stood at 47% during the quarter.The company also recorded...

CLSA Maintains Outperform Rating on IRB Infrastructure and NCC, Sees Strong Upside Potential CLSA has reiterated its bullish stance on two infrastructure companies, IRB Infrastructure Developers and NCC Ltd., maintaining an Outperform rating on both stocks and highlighting significant potential upside from current levels. The brokerage believes recent insider buying by company founders signals confidence in the underlying businesses and may indicate a potential turnaround for both companies. Price Targets and Potential Upside CLSA has set the following price targets for the two infrastructure firms:CompanyBrokerageRatingPrice TargetPotential UpsideIRB Infrastructure DevelopersCLSAOutperform₹6970%NCC Ltd.CLSAOutperform₹23463%...

Bank of Baroda Raises ₹10,000 Crore Through India’s First Domestic Long-Term Green Infrastructure Bonds Bank of Baroda has raised ₹10,000 crore through the issuance of long-term green infrastructure bonds in the domestic market, marking the first such issuance by an Indian bank locally, the lender announced on March 5.Strong Investor Demand for the Green Bond Issue The Series I bonds carry a maturity period of seven years and were issued via the electronic book provider platform of the National Stock Exchange of India.The offering had a base issue size of ₹5,000 crore along with a greenshoe option of another ₹5,000 crore. Both portions of the issue were fully subscribed, highlighting strong investor participation.The bond issue...

ICICI Direct Sees Buying Opportunity Amid Geopolitical Volatility, Recommends 9 Stocks for Long Term Investors Brokerage Analysis Highlights Market Recovery Pattern After Global Conflicts ICICI Direct has said that the ongoing geopolitical tensions could present a buying opportunity for investors with a two to three year investment horizon. The brokerage reviewed geopolitical events over the past three decades and observed a recurring pattern of short term market corrections followed by strong recoveries.According to the brokerage’s analysis, geopolitical disruptions between 1990 and 2026 typically lasted around four weeks on average and triggered temporary corrections in equity markets. However, historical data shows that markets...

Gold and Silver Prices Rise in Early Asian Trade as Safe Haven Demand Strengthens Precious Metals Gain Amid Geopolitical Tensions and Market Volatility Gold and silver prices moved higher in early Asian trading on Friday, supported by renewed safe haven demand as geopolitical tensions and volatility in global financial markets continued to influence investor sentiment.On the COMEX, gold traded at $5,137.70 per ounce, rising $59 or 1.16 percent. Silver also advanced, gaining $1.87 or 2.27 percent to reach $84.05 per ounce.Middle East Tensions Drive Demand for Safe Haven Assets The upward movement in bullion prices comes as investors remain cautious about the ongoing conflict in the Middle East and the potential economic consequences...

JPMorgan Initiates Coverage on Adani Ports and JSW Infrastructure; Sees Up to 35% Upside Shares of Adani Ports and Special Economic Zone Ltd. and JSW Infrastructure Ltd. are set to remain in focus on Thursday, March 5, after global brokerage JPMorgan Chase & Co. initiated coverage on both port operators with bullish ratings and double digit upside potential.JPMorgan Sets Overweight Rating on Adani Ports JPMorgan has begun coverage of Adani Ports with an Overweight rating and assigned a target price of ₹1,944 per share. The target implies a potential upside of 35 percent from Wednesday’s closing level of ₹1,436.60. The stock ended the previous session 2.29 percent lower.In its sector note, the brokerage highlighted structural growth...

Innovision IPO Opens March 10: Price Band Set at ₹521 to ₹548 Per Share Innovision, a Gurgaon based provider of manpower services and toll plaza management, has announced the price band for its upcoming initial public offering. The IPO will open for subscription on March 10 and close on March 12.Innovision IPO Price Band and Issue Size The company has fixed the price range at ₹521 to ₹548 per equity share. Investors can bid for a minimum of one lot comprising 27 shares and in multiples thereafter.At the upper end of the price band, Innovision aims to raise ₹322.84 crore. The issue consists of a fresh issue of ₹255 crore and an offer for sale of 12.38 lakh equity shares.At the highest price of ₹548 per share, the company’s post...

Gold and Silver Prices Rise as US–Iran Tensions Lift Safe Haven Demand Gold and silver prices advanced on Thursday as intensifying geopolitical tensions in the Middle East and currency movements influenced global bullion markets. The rally reflects renewed safe haven demand alongside broader macroeconomic factors shaping volatility in precious metals.Gold Prices Climb as Dollar Eases Spot gold rose 0.8 percent to $5,176.69 per ounce in early trade, while US gold futures for April delivery gained 1 percent to $5,186.The US dollar edged lower, making dollar denominated gold more affordable for investors holding other currencies. The softer greenback provided additional support to bullion prices.Escalation in US–Iran Conflict Sparks...

Motilal Oswal Home Finance Secures $100 Million From Asian Development Bank to Boost Affordable Housing Loans Cross Border Debt Deal Strengthens Funding Base Motilal Oswal Home Finance has signed an agreement with the Asian Development Bank to raise 100 million dollars in rupee equivalent debt through the issuance of non convertible debentures.The transaction marks a cross border debt raising for the housing finance company and brings a multilateral institution into its funding mix. The long term capital is expected to support the company’s asset liability management strategy and diversify its borrowing profile.Focus on Women Borrowers and Green Housing The company said the proceeds will primarily be deployed to extend affordable...

Morgan Stanley Upgrades Marico and Nestle India, Downgrades Godrej Consumer as FMCG Stocks Slip On Wednesday, March 4, shares of key fast moving consumer goods companies including Marico Ltd, Godrej Consumer Products Ltd, and Nestle India Ltd were trading lower after global brokerage Morgan Stanley revised its ratings and price targets for the three stocks.The broader sector also remained under pressure, with the Nifty FMCG index declining 1.5 percent in intraday trade.Marico Upgraded to Overweight with Higher Price Target Morgan Stanley upgraded Marico to “overweight” and raised its price target to ₹934 per share from ₹788 earlier. The revised target suggests a potential upside of 19 percent from the stock’s previous closing price...

Rupee Depreciation Boosts IT Stocks on March 4 The Nifty IT index emerged as the only sectoral gauge trading in positive territory on Wednesday, as the Indian rupee weakened sharply to a fresh record low of 92.28 against the US dollar on March 4.The sharp depreciation in the domestic currency supported information technology stocks, which derive a significant portion of their revenue from North America and bill clients in US dollars. A weaker rupee increases rupee realizations for these companies, directly supporting operating margins.Currency Impact on IT Sector Margins The average rupee rate during the December quarter stood at 89.2. Analysts commonly highlight that every 1 percent decline in the rupee typically results in a 15 to...

Premier Energies Shares Extend Decline; JPMorgan Sees 28% Upside Amid Valuation Comfort Stock Falls for Fourth Time in Five Sessions Shares of Premier Energies Ltd continued their downward trajectory on Wednesday, March 4, slipping another 2 percent in line with broader market weakness. The stock has now declined in four of the last five trading sessions.On Wednesday, the shares were trading 2.4 percent lower at ₹695.8. Over the past one month, the stock has corrected 11 percent and remains nearly 40 percent below its post listing high of above ₹1,150.JPMorgan Maintains Overweight Rating with ₹915 Target Despite the recent correction, JPMorgan has reiterated its overweight rating on Premier Energies, setting a price target of ₹915...