Day

March 2, 2026
Indian stock markets face three closures in March 2026. Holi, Shri Ram Navami, and Shri Mahavir Jayanti will halt trading. This marks the highest monthly holiday count for the year. Investors are questioning the March 3 Holi closure, as the festival falls on March 4. A fund manager suggested a two-day holiday to account for...
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Global markets opened cautiously as geopolitical tensions escalated, boosting demand for safe-haven assets like the U.S. dollar and Treasury bonds. Oil prices experienced a ‘shock trade’ due to uncertainty surrounding the Strait of Hormuz, a critical energy chokepoint. India and China face significant challenges, potentially impacting their trade and economic stability.
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Tejas Networks shares soared over 15% to Rs 503, marking a 60% surge in four sessions, driven by strong volumes and a new manufacturing deal with NEC for 5G massive MIMO radios. Despite a recent quarterly loss and revenue dip, the company anticipates converting significant inventory into finished goods. This partnership signals international expansion hopes.
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Paint stocks like Asian Paints and Indigo Paints plunged up to 6% as crude oil prices surged due to escalating Middle East tensions following attacks on Iran. The conflict, particularly around the Strait of Hormuz, has raised concerns about oil supply disruptions, directly impacting paint companies reliant on petroleum-based derivatives and pressuring their profit margins.
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Global markets opened this week with limited declines despite Middle East tensions, as investors had largely anticipated the escalation. Crude prices eased from initial jumps, with the Strait of Hormuz’s future being a key factor for energy prices.
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Middle East conflict has become a central financial risk, unsettling markets amid geopolitical fragmentation and inflation. U.S.-Israel strikes on Iran’s leader triggered retaliatory attacks, disrupting regional flights and oil transit through the Strait of Hormuz. Political uncertainty in Iran and potential supply disruptions are driving oil prices higher and impacting investor caution.
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Rajputana Stainless will open its Rs 255 crore IPO on March 9 with a price band of Rs 116-122 per share. The issue includes a fresh issue and OFS. Proceeds will fund expansion and debt repayment. The company manufactures stainless steel products and reported steady revenue growth and improved profitability in FY25.
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The Indian rupee and local stocks plunged on Monday as Middle East conflict and rising oil prices compounded economic worries. The rupee hit a one-month low, while benchmark indexes fell about 1%. Higher oil prices pose a significant risk to India’s energy imports and could impact government bonds.
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Oil prices may see a short-term rise due to Middle East tensions. However, markets have already factored in significant Iran-related risk. Experts believe a major spike to $100 a barrel is unlikely. The Strait of Hormuz remains open, and insurance costs are a key concern. OPEC’s immediate impact is limited. India is expected to maintain...
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Indian solar stocks face pressure from oversupply and a US duty overhang, impacting companies like Waaree Energies and Premier Energies. While domestic module capacity outstrips demand, new US tariffs on certain imports add uncertainty. Experts suggest integrated players and those with diversified markets are better positioned for the evolving sector.
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