Rising oil prices and West Asian tensions are creating market volatility, with investors watching energy flows and geopolitical strategy. Market expert Anurag Singh believes the US and Israel aim to dismantle Iran's capabilities and secure the Strait of Hormuz. Equity markets have priced in weaker earnings, but emergency oil releases offer a temporary reprieve.
Jefferies has cut its target price on Bharti Airtel to Rs 2,250 from Rs 2,575, citing a potential delay in the Reliance Jio IPO and concerns over Bhartis entry into the NBFC business. The brokerage expects tariff hikes to be pushed to December 2026 but maintains a Buy rating, saying the stock still offers favourable risk-reward.
The Indian rupee depreciated by 31 paise to 92.32 against the US dollar on Thursday, driven by FII outflows, rising crude oil prices, and a stronger greenback amid ongoing West Asian conflict. Domestic equity markets also opened weak, further pressuring the local currency.
Gold and silver prices moved down on Thursday as a firmer US dollar weighed on bullion demand. On the MCX, silver fell over Rs 2,000 per kg while gold declined marginally. Analysts expect continued volatility amid currency fluctuations, geopolitical tensions and crude oil price movements, advising investors to wait before initiating fresh positions.
Elfin Agro India's shares are set for their BSE SME debut on March 12, with the grey market suggesting a listing near its Rs 47 issue price. The Rs 25 crore IPO, which saw modest subscription, aims to bolster working capital. The agro-processing firm, known for wheat products and mustard oil, operates across eight states and two union territories.
In the NSE list of stocks with a market cap over Rs 1000 crore, 10 stocks' closing prices crossed below their 200 DMA (Daily Moving Averages) on March 11, according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock's price is below its long-term trend line. Traders use the 200 DMA as a key indicator to determine the overall trend in a particular stock. Take a look:
Brent crude oil prices have surged past $100 a barrel. This spike follows Iranian attacks on commercial shipping. Global financial markets are reacting to supply concerns. The International Energy Agency and the U.S. are releasing oil reserves. Inflation worries are increasing. This situation could lead to stagflation.
LG Electronics India shares are performing well, rising 8% in the past month. Analysts are optimistic, recommending 'buy' due to steady market share growth and plans for export expansion. The company expects improved performance in the March quarter and anticipates double-digit revenue growth in FY27.
