




Kotak Mahindra Capital, JM Financial, Avendus Capital, Pantomath Capital and the Indian units of HSBC, Morgan Stanley, and Goldman Sachs are bankers to the issue.
US-Israeli strikes on Iran and Tehran's retaliatory response in the Gulf have sent global oil prices soaring, with Iran maintaining a hold on the vital waterway.
International benchmark Brent crude rose nearly 3% to trade around $115.9 a barrel in early Asian hours, after briefly surging as high as $116.75.
Dilip Buildcon Share Price | The market capitalisation of the company stands at Rs 6,293.11 crore.
Thermax Share Price | The company arm won an order worth RS 1,600 crore for manufacturing, supply, supervision of installation and commissioning, as well as performance testing of the boiler package.
Gold declined, erasing its first weekly gain since the war in the Middle East began, as the Iran-backed Houthi militant group joined the conflict and more US military personnel moved into the region.
The sector is also drawing attention as a relatively stable pocket in an otherwise uncertain market. “Earnings in this sector are more predictable, unlike others where downgrades are possible,” Sankhe said.
The right mix of will, trust, and HUF depends on your family structure, assets, and long-term financial goals.
The war in the Middle East had already pushed up prices of aluminum — used in cars, planes and solar panels — as smelters in the region can’t ship out metal or bring in raw materials.
Broader markets also witnessed sharp declines, with the Nifty Midcap and Smallcap indices shedding around 2.6 percent each. All the sectors ended in the red with auto, FMCG, consumer durables, capital goods, telecom, realty, private bank, PSU bank down 2-4%. Among the Nifty constituents, major losers included Bajaj Finance, Axis Bank, Bajaj Finserv, State Bank of India, and InterGlobe Aviation. On the other hand, gainers were Hindalco Industries, Coal India, ONGC, and Power Grid Corporation of India.
Powerica, Sai Parenteral's, and Amir Chand Jagdish Kumar (Exports) will start trading on the BSE and NSE effective April 2.
While the Nifty trades at around 17x 12-month forward EPS, the risk of EPS downgrades has increased; hence, valuations remain expensive despite the correction, said Jitendra Gohil.
Government relaxes petroleum rules to allow kerosene sale via petrol pumps for 60 days amid global energy supply disruptions
The United Nations warned last month that the US campaign is having an “increasingly severe impact” on hospitals, public sanitation, water delivery and food distribution.
The Nifty 50 is expected to face resistance at 23,000–23,200, followed by 23,500. However, immediate support is placed at 22,600, followed by the crucial support of 22,450. Meanwhile, the 53,000–53,300 range is likely to act as resistance for the Bank Nifty, followed by 54,000–54,200 as a crucial hurdle.
The market may attempt a rebound after a sharp correction, but sustainability is key to watch. Below are some short-term trading ideas to consider.
Stocks to Watch, 30 March: Stocks like NLC India, GR Infraprojects, RailTel Corporation of India, Deepak Builders and Engineers India, Coal India, CMS Info Systems, NTPC, Dilip Buildcon, KNR Constructions, Thermax, Gujarat Fluorochemicals, Aarti Pharmalabs, Ceigall India, and JNK India will be in focus on March 30.
In the upcoming monthly derivatives contracts expiry session, the previous day’s lows near 22,600 and 22,450 are expected to be at risk; below these levels, the critical support stands at 22,300. If the index decisively breaks this level, a fall toward 21,700 cannot be ruled out.
The combined packaging platform will have a valuation of around $2bn with Indorama Ventures and Blackstone as joint promoters
The transaction aligns with Indorama Ventures’ long‑term strategy to expand and deepen its presence in India, leveraging the country’s structural growth opportunity through an expanded and integrated packaging platform with public markets access