Day

March 23, 2026
We have collated a list of recommendations from top brokerage firms from ETNow and other sources.
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Oil prices are holding steady. Investors are watching threats between the US and Iran. Potential Iranian oil supply is expected. Brent crude is near $111 per barrel. West Texas Intermediate is around $98. Prices could rise further if the conflict continues. Experts predict Brent could reach $120 or even $150 per barrel.
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Markets closed last week with a negative bias, anticipating a data-sensitive upcoming week influenced by global uncertainties. West Asia conflict and crude oil prices are key external drivers. The Indian rupee experienced its steepest single-day fall since late 2022 due to surging oil prices.
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Global markets tumbled as escalating US-Iran tensions and prolonged Israeli conflict sent oil prices soaring. Asian shares and futures dipped, with investors bracing for weeks of fighting. This inflationary shock has extinguished hopes for rate cuts, pushing central banks towards hikes and hammering bonds. The dollar strengthened as a safe haven.
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Oil prices saw a slight dip as markets grappled with escalating U.S.-Iran tensions threatening energy infrastructure, juxtaposed with the release of Iranian oil. Despite short-term profit-taking, analysts predict a surge towards $120. The conflict has severely impacted Gulf production and shipping, prompting Iraq to declare force majeure and India to consider resuming Iranian oil imports.
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The dollar strengthened as Middle East tensions escalated, driving demand for safe-haven assets. Retaliatory threats between the U.S. and Iran, including potential strikes on infrastructure, have dimmed hopes for de-escalation. This geopolitical uncertainty is prompting central banks to adopt a more hawkish stance due to rising energy prices.
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Gold prices tumbled over 3% on Monday, hitting a four-month low. Escalating Middle East tensions fueled inflation worries and boosted expectations for higher global interest rates. Iran threatened energy systems, while oil prices remained elevated. This situation impacts transport and manufacturing costs.
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Tipco Engineering’s IPO opens Monday, aiming to raise Rs 61 crore with a flat grey market premium, indicating investor focus on fundamentals. The company, a manufacturer of industrial machinery, will use the proceeds for debt repayment and working capital. The issue is priced between Rs 84-89 per share and closes March 25.
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Innovision’s IPO is set for listing on March 23. Grey market indicators suggest a weak debut with negative GMP. Despite strong institutional interest, retail demand was low. Concerns about valuation and business profile are impacting listing expectations. The company operates in manpower, toll plaza, and skill development sectors. Final listing performance will depend on market...
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