Manish Sonthalia, CIO of Emkay Investment Managers, says geopolitical dips are buying opportunities, as markets typically recover within 6–9 months. He is deploying fresh flows into autos, financials, pharma, consumer durables, power transmission and select defence. He favours PSU banks…
On Monday (March 2), shares of Mangalore Refinery and Petrochemicals Limited ended at ₹187.95, down by ₹8.70, or 4.42%, on the BSE.
On Monday (March 2), shares of Petronet LNG Ltd ended at ₹310.40, down by ₹12.95, or 4.00%, on the BSE.
On Monday (March 2), shares of United Spirits Ltd ended at ₹1,373.25, down by ₹9.95, or 0.72%, on the BSE.
Nifty’s gap-down opening on Monday was driven by developments in the Middle East. Analysts say sentiment is likely to remain bearish unless the index sustains above 25,000, while a break below 24,600 could trigger a deeper correction.
US stocks fell sharply on March 3 due to renewed airstrikes by American and Israeli jets on Iranian targets. The S&P 500 dropped 1.6%, Dow Jones 2.23%, and Nasdaq 2.2%. Oil prices surged over 8.5%.
On Monday (February 2), shares of JSW Infrastructure Ltd ended at ₹251.35, down by ₹3.50, or 1.37%, on the BSE.
ICICI Securities energy analyst Probal Sen said crude prices around $75 per barrel are unlikely to trigger windfall taxes, supporting upstream companies such as Oil and Natural Gas Corporation (ONGC) and Oil India. However, he expects near-term pressure on downstream…
Fino Payments Bank MD and CEO Rishi Gupta’s arrest was under the GST Act 20217 and SCGST Act 2017. The bank said the investigation is related to its business partners and not related to the GST compliance of the bank.
Paras Defence announced its entry into the semiconductor space with the incorporation of a new subsidiary, Paras Semiconductors Pvt Ltd. The company will hold a 70% equity stake in the unit.