Stocks

JSW Infrastructure Shares in Focus After Drone Debris Damages Tank at Fujairah Terminal Drone Debris Hits One Storage Tank at Fujairah Liquid Terminal Shares of JSW Infrastructure Ltd. came under focus on Wednesday, March 4, after the company confirmed that one of its 15 storage tanks at the Fujairah Liquid Terminal in the UAE was damaged by drone debris.The company stated that the remaining 14 tanks have been secured. It also confirmed that adequate insurance coverage for the facility was already in place.Emergency Response Activated, No Injuries Reported Upon detecting the debris impact, emergency response procedures were immediately activated in accordance with established safety protocols. Local authorities and onsite safety...

Indian Rupee Set to Breach 92 Per Dollar Amid US Israel Iran Conflict and Crude Oil Surge Rupee Poised for Lifetime Low in Early Trade The Indian rupee is expected to slip past the 92 mark against the US dollar in early trade on Wednesday, potentially hitting a fresh lifetime low. The anticipated decline comes as escalating US Israeli strikes on Iran intensify global risk aversion and push crude oil prices sharply higher.Pre opening trades and the one month non deliverable forward market indicate that the rupee may open in the 92.10 to 92.20 range per dollar. This compares with its previous close of 91.47 per dollar on Monday. Indian financial markets remained shut on Tuesday due to a holiday.The rupee’s earlier all time low of...

JSW Infrastructure Shares in Focus After Drone Debris Damages Storage Tank at Fujairah Terminal Drone Debris Impacts One Tank at Fujairah Liquid Terminal Shares of JSW Infrastructure Ltd were in focus on Wednesday, March 4, after the company confirmed that one of its 15 storage tanks at the Fujairah Liquid Terminal in the UAE sustained damage due to drone debris.The company stated that the remaining 14 tanks were secured. It also confirmed that adequate insurance coverage for the facility is already in place.Emergency Response Activated, No Injuries Reported According to the company, emergency response procedures were immediately activated in line with established safety protocols once the debris impact was detected.Local...

India Defence Stocks in Focus as US Iran Conflict Enters Fifth Day; ₹5,083 Crore MoD Orders Boost Sector Outlook Shares of Indian defence companies are set to remain in focus on Wednesday, March 4, as the ongoing US Iran conflict enters its fifth day, keeping geopolitical tensions elevated and investor attention firmly on the sector.Ministry of Defence Signs ₹5,083 Crore Contracts The Ministry of Defence has signed contracts worth ₹5,083 crore for the procurement of Advanced Light Helicopters Mk III in the Maritime Role configuration for the Indian Coast Guard and Surface to Air Vertical Launch Shtil missiles for the Indian Navy.Out of the total order value, a ₹2,901 crore contract has been awarded to Hindustan Aeronautics Limited...

Gujarat Gas Reduces Industrial Supply by 50% Amid US Iran Conflict Disruption Gujarat Gas Ltd. will be in focus on Wednesday, March 4, after the company announced a 50 percent reduction in gas supply to the industrial sector following disruptions linked to the ongoing US Iran conflict in the Middle East.The decision comes as the availability of regasified liquefied natural gas, or R LNG, has been significantly affected due to recent international developments impacting global energy supply chains.Company Invokes Force Majeure Under Gas Sales Agreement In a letter addressed to its customers, Gujarat Gas stated that the reduced availability of R LNG is beyond the company’s control and qualifies as a Force Majeure event under the terms...

Yuan Strengthens After PBOC Sets Higher Reference Rate Ahead of National People’s Congress Stronger-Than-Expected Midpoint Signals Policy Comfort With Appreciation The Chinese yuan advanced on Tuesday after the People's Bank of China set a stronger-than-expected daily reference rate, signaling policymakers’ comfort with continued currency appreciation ahead of the country’s key political gathering, the National People’s Congress.In domestic trading, the yuan climbed as much as 0.5 percent to 6.8750 per dollar, marking its strongest level since mid May 2025, according to Bloomberg. The move followed what was described as the largest upward adjustment to the reference rate in recent months.The decision came a day before China’s most...

SEBI Chairman Tuhin Kanta Pandey Adopts Cautious Approach on Futures and Options Reforms SEBI to Assess Impact of Existing F&O Market Regulations Before New Measures The Chairman of the Securities and Exchange Board of India, Tuhin Kanta Pandey, has indicated that the market regulator will adopt a measured stance on further reforms in the futures and options market. The regulator plans to evaluate the effectiveness of the rules already implemented before introducing any additional changes.In an interview with CNBC-TV18, Pandey said the focus remains on understanding how the existing framework is influencing market behaviour, particularly in segments that have witnessed heightened trading activity.SEBI Concerned About Short-Term and...

Indian Defence Stocks in Focus as West Asia Conflict Escalates Indian defence stocks are set to remain in sharp focus on Monday, March 2, as geopolitical tensions in West Asia intensify into a full scale regional conflict. Shares of companies such as Bharat Electronics Ltd., Bharat Dynamics Ltd., Mazagon Dock Shipbuilders Ltd., MTAR Technologies Ltd., and Bharat Forge Ltd. are expected to attract investor attention amid the escalating situation.West Asia War Triggers Market Reaction The renewed tensions come after Hezbollah reportedly attacked Israel in retaliation for the killing of Iran's Supreme Leader Khamenei. The group has claimed that it launched rockets and drones into Israeli territory.In response, the Israeli army stated...

Indian Rupee Falls 27 Paise to 91.25 Against US Dollar as Middle East Conflict Escalates Rupee Opens Weaker Amid Global Risk Aversion The Indian rupee opened 27 paise lower on Monday at 91.25 against the US dollar, reflecting heightened risk aversion across global markets after fresh geopolitical tensions erupted in the Middle East.The domestic currency came under pressure after the United States and Israel launched air strikes on Iran over the weekend, raising fears of a prolonged regional conflict and triggering a sharp surge in crude oil prices.Strikes on Iran Intensify Regional Tensions The strikes reportedly led to the death of Iran’s Supreme Leader, Ayatollah Ali Khamenei. In response, Iran launched missile barrages across the...

ONGC and Oil India Shares in Focus as Crude Oil Prices Surge After US Israel Strikes on Iran Shares of Oil & Natural Gas Corporation Ltd. and Oil India Ltd. remain in focus on Monday, March 2, after global crude oil prices surge sharply following weekend attacks by the United States and Israel on Iran, intensifying geopolitical tensions across the Middle East.Crude prices initially jump as much as 13 percent at the open before trimming gains to around 8 percent and slipping below the 80 dollar per barrel mark, keeping energy stocks and oil-linked counters under close watch.ONGC and Oil India Track Crude Volatility Oil & Natural Gas Corporation Ltd. has advanced in three of the last five trading sessions, while Oil India Ltd. has...

Larsen and Toubro Shares in Focus Amid Iran Israel US Conflict and Middle East Exposure Shares of Larsen and Toubro Ltd were in focus on Monday, March 2, following escalating tensions triggered by the Iran Israel US conflict that began over the weekend.The development has drawn attention to the company’s significant exposure to the Middle East, a key international market for India’s largest infrastructure firm.Nearly Half of Order Book Linked to International Business Larsen and Toubro holds a substantial international footprint. As much as ₹3.6 lakh crore, representing 49 percent of its consolidated order book, is derived from overseas business.Of this, more than 80 percent originates from the UAE, Saudi Arabia, and the broader...

SEBI Tightens Derivatives Oversight, Aligns with RBI to Curb Retail Speculation and Deepen Cash Markets India’s market regulator is intensifying its efforts to rein in speculative activity in the derivatives segment, particularly among retail investors, as part of a broader push to strengthen market stability and improve long term capital formation.The Indian government and the Securities and Exchange Board of India are aligned on raising transaction tax on equity futures and restricting the number of weekly expiry contracts offered by exchanges. The objective is clear: reduce excessive short term speculation in derivatives.Data Driven Derivatives Reforms Since 2024 The initiative began in 2024 and has since evolved into a...

Oil Prices Surge After US and Israel Strikes on Iran, Brent Crosses $80 Before Easing Global oil prices spike as Middle East tensions escalate, with Brent crude briefly touching $80 per barrel before paring gains.Brent and WTI Jump Sharply Amid Escalating Middle East Crisis Global oil markets witnessed sharp volatility after the United States and Israel launched weekend attacks on Iran, triggering a full-scale crisis across the Middle East. Iran responded with missile and drone strikes targeting multiple Gulf nations, including the tourism hubs of Dubai and Abu Dhabi, along with Qatar, Bahrain, Saudi Arabia, and Oman.The immediate fallout was visible in crude benchmarks. Brent crude surged as much as 12 percent in the opening...

Rajputana Stainless IPO Opens March 9 at ₹116 to ₹122 Price Band, Aims to Raise ₹254.98 Crore Gujarat-Based Rajputana Stainless Announces IPO Details Gujarat-based stainless steel manufacturer Rajputana Stainless has announced the price band for its upcoming Initial Public Offering, which will open for subscription on March 9 and close on March 11.The company has fixed the IPO price range at ₹116 to ₹122 per equity share. Investors can bid in a minimum lot size of 110 shares and in multiples of 110 thereafter.Rajputana Stainless IPO Size and Structure At the upper end of the price band, the Rajputana Stainless IPO is set to raise ₹254.98 crore. The issue comprises a fresh issue of equity shares worth ₹179 crore and an Offer for Sale...

SEBI Chairman Tuhin Kanta Pandey Flags Concerns Over Short Term Options Activity, Signals Cautious Approach to Further F&O Reforms SEBI to Review Impact of Existing Futures and Options Regulations Before New Changes The Chairman of the Securities and Exchange Board of India, Tuhin Kanta Pandey, has indicated that the market regulator will adopt a measured stance before introducing any additional reforms in the futures and options segment.In an exclusive interview with CNBC-TV18, Pandey made it clear that the regulator’s immediate focus is on evaluating the effectiveness of recently implemented measures in the derivatives market rather than rushing into fresh regulatory changes.Concerns Over Short Term Dated and Weekly Options Pandey...

Clean Max Enviro Energy Solutions Set for Stock Market Debut Amid Modest Listing Expectations Shares of Clean Max Enviro Energy Solutions, backed by Brookfield, are scheduled to list on Dalal Street on Monday, March 2. Market signals ahead of the debut suggest a cautious opening, with expectations of a modest performance.Grey Market Premium Signals Discounted Listing Ahead of the listing, the grey market premium for Clean Max Enviro stood at negative ₹35, indicating subdued sentiment in the unlisted market. At this level, the stock is projected to list at a 3.32 percent discount to the upper price band.However, grey market premiums are informal indicators of demand and can shift rapidly based on market dynamics.IPO Subscription...

US Stocks Slide as Oil Prices Surge 13% Amid Escalating Middle East Conflict Global financial markets are witnessing sharp volatility as escalating tensions in the Middle East trigger a surge in crude oil prices, a stronger US dollar, and a broad retreat from risk assets.Wall Street Futures Fall While Asian Markets Advance US equity futures declined sharply, with both the S&P 500 and Nasdaq 100 futures falling 1% as investors reacted to rising geopolitical uncertainty. The selloff reflects mounting concerns over the widening military action in Iran and its potential to disrupt global trade routes and energy supplies.In contrast, Asian equities rose 1.3%, even as global markets remained cautious.Crude Oil Jumps 13% on Strait of...

Oil Prices Surge to Seven Month High as US and Israel Strikes on Iran Trigger Middle East Crisis Global oil prices have jumped sharply after coordinated military strikes by the United States and Israel on Iran escalated tensions across the Middle East over the weekend. The situation intensified further after Iran launched retaliatory missile and drone attacks targeting several Gulf nations, including the tourism hubs of Dubai and Abu Dhabi, along with Qatar, Bahrain, Saudi Arabia and Oman.The developments have sparked immediate concerns over energy supply stability, pushing benchmark crude prices to multi month highs.Brent Crude Climbs Above $80 for First Time Since June Brent Crude, which had already closed Friday above $72 per...

Brent Crude Surges 10% to $80 as Iran Conflict Sparks Fears of $100 Oil Brent crude prices jumped 10% to around $80 per barrel on Sunday, as escalating US and Israeli strikes on Iran pushed the Middle East into renewed conflict and triggered fears of a major supply disruption.Oil traders reported sharp gains at the start of trading, with analysts warning that prices could climb to $100 per barrel if tensions continue and the Strait of Hormuz remains closed.Strait of Hormuz Closure Emerges as Critical Risk According to Ajay Parmar, director of energy and refining at ICIS, the immediate military strikes are supportive of oil prices. However, the more decisive factor is the potential closure of the Strait of Hormuz.Tehran has warned...

Nifty Slides Below 200 Day Moving Average as Global Tensions Set Stage for Volatile Monday Late Sell Off Signals Market Unease Ahead of Weekend Developments Indian equity markets appeared to anticipate major geopolitical developments over the weekend, reflected in the sharp sell off during the final 30 minutes of Friday’s trading session.The Nifty, which had been attempting to hold above the 25,300 mark for most of the day, plunged nearly 150 points in just two minutes to touch 25,150. The index failed to stage any meaningful recovery before the close, underlining nervous sentiment among traders.Global Markets Await Reaction as US Futures Resume Sunday Global markets are set to react to the weekend developments starting Sunday...