Page 55 - Markets News

Iran war pushes oil above $100; $110 crude may force fuel price hike: Elara

Crude oil above $110 could become a "breaking point" for India, forcing fuel price hikes and pressuring government finances, says Elara Capital. Notably, oil prices hit $106 per barrel on Monday

Bandhan Bank tanks 12% on huge volumes; why stock price under pressure?

Till 12:57 PM on Monday, a combined 19.96 million shares representing 1.23 per cent of Bandhan Bank's total equity changed hands on the NSE (19.15 million shares) and BSE (0.81 million shares).

Axis Securities retains 'Buy' on Federal Bank, eyes 10% upside: Here's why

Axis Securities has set a target price of ₹290 per share, implying a potential upside of 10 per cent from Friday, March 13, closing price of ₹263 on the NSE

ITI share price surges over 15% in volatile trade amid heavy volumes

The northward movement in the state-owned company's share price is aided by heavy trading volumes

Fino Payments Bank shares hits record low; stock plunges nearly 20%

Fino Payments Bank shares slumped 19.5 per cent in trade on the BSE, touching an all-time low at ₹136 per share and hovering near its 20 per cent lower circuit

Adani Power shares rise 5% after securing 1,600 MW MSEDCL supply contract

Adani Power stock was trading at ₹151.35, up by 3.3 per cent from the previous session's close of ₹146.57

Analysts remain bullish on Polycab despite near-term pressure; here's why

Polycab India is facing export disruptions from the Middle East, the highest contributor to its export portfolio, low volume growth, margin pressure and high input costs.

GIFT City sees first IPO as XED invites bids for its maiden offering

The public issue is being offered at a price band of $10-$10.5 per share, in a fully dollar-denominated offering, and is accessible to eligible global investors

Poonawalla Fincorp gains as Motilal Oswal sees 37% upside; stock up 3%

Motilal Oswal retained its target price of ₹560 for Poonawalla Fincorp, implying an upside potential of about 37 per cent from Friday's close

Motilal Oswal stays 'Neutral' on Dabur amid geopolitical risks; trims EPS

The brokerage said geopolitical uncertainty is beginning to weigh on Dabur's international business, particularly due to supply-chain disruptions around key shipping routes

Nifty Realty index tanks 18% in 1 month; DLF, Oberoi, Lodha at 52-week lows

Sobha, Anant Raj, Prestige Estates Projects, Oberoi Realty, Signature Global and Lodha Developers were down in the range of 4 per cent to 6 per cent on the NSE in intra-day trade on Monday.

Operation 'Epic Churn': Kotak Equities' advise amid Iran war market crash

Analysts at Kotak Institutional Equities advise investors to use the Iran war-led market correction to rebalance portfolios and buy quality stocks amid valuation dislocations.

Citi cuts Nifty year-end target to 27,000 on oil shock, West Asia war risks

Citi expects RBI to stay on pause in April, with its policy tone potentially tilting toward growth if fiscal measures absorb most of the inflationary pressures

Nifty Bank down 11% since West Asia war; SBI, HDFC Bk lose over ₹1 trn each

Major lenders such as SBI, HDFC Bank, ICICI Bank, and Axis Bank have seen significant erosion in their market capitalisation since the start of West Asia war

Seamec shares jump 7% on ₹410 crore vessel O&M order from ONGC

The contract has been awarded to a consortium of Seamec and Supreme Hydro Private Ltd. for the hiring of operation and maintenance services for the vessel for the 2026-2028 period

Deep Industries shares jump 8% on inking MoU with Advait Greenergy

The buying on the counter came after the company entered into a memorandum of understanding (MoU) with Advait Greenergy Pvt Ltd (AGPl) to jointly bid for and execute green hydrogen project tenders

OMC stocks extend fall; BPCL, HPCL, IOCL down up to 4%; here's why

Thus far in March, the stock price of HPCL has slipped 22 per cent, while BPCL and IOCL were down 18 per cent and 14 per cent, respectively amid rising crude oil prices.

Crypto markets gain momentum: Bitcoin reclaims $74k, Ethereum eyes $2,300

Ethereum outperformed Bitcoin, trading with gains of more than 7 per cent and holding above the $2,200 mark

Inventurus Knowledge rises 3% as board clears $40 mn investment in US arm

The buying on the counter came after the company's board approved approved a further investment of up to $40 million in Inventurus Knowledge Solutions, Inc. (IKS Inc.)

Voltas shares drop on flagging GST inspection by Mumbai tax authorities

Shares of Voltas are in focus after the company said the Assistant Commissioner of State Tax, Investigation A, Mumbai, has initiated inspection proceedings at its office premises