The US president also imposes a 25% tariff on countries that "do business" with Tehran, while Iran's foreign minister says his country is "ready for war".
Reliance Industries shares have seen a decline of over 8% in early 2026, reaching an intraday low of Rs 1,448. Technical analysts suggest this is a healthy consolidation within an uptrend, with strong support expected around Rs 1,380-1,440. Investors with a medium-to-long-term view may consider buying on dips.
ICICI Prudential Life reported a 19% YoY rise in Q3 PAT to Rs 387 crore even as net premium income fell 3.7%. VNB touched Rs 615 crore with strong margins, while AUM grew 6.5%. Retail protection APE surged over 40%, supported by GST reforms and rising policy volumes.
Balu Forge Industries shares surged up to 13% intraday after the company clarified that a recent Income Tax Department search concluded without finding any incriminating documents or unaccounted assets. The company confirmed no impact on business operations, providing relief to investors, including ace investor Ashish Kacholia.
CLSA has reiterated its Outperform rating on HDFC Bank, setting a target price of 1,200 and implying over 27% upside from current levels despite recent stock weakness. The brokerage views concerns over deposit growth and margins as temporary and expects FY27 to be a bounce-back year.
Metal stocks have seen a significant rally, with precious metals driven by geopolitical concerns and industrial metals like copper poised for growth due to AI investments. However, steel faces caution due to weak demand from China. The IT sector is bifurcated, with digital platforms showing long-term promise and traditional IT services anticipating AI-driven growth and margin improvements.
