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Dixon Technologies will be in focus after receiving government approval to form a joint venture with China’s HKC Overseas to manufacture display modules in India. The partnership aims to boost local electronics manufacturing, support the domestic component ecosystem and reduce import dependence under the government’s Make in India initiative.
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Five NSE-listed companies with market capitalisation above Rs 10,000 crore, including Cupid and Reliance Industries, have shown a bullish Relative Strength Index (RSI) crossover above the 50 mark, according to StockEdge data. The move signals strengthening price momentum and may indicate potential buying opportunities for traders tracking technical indicators.
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The Rs 255 crore Rajputana Stainless IPO entered its second day of bidding with a modest grey market premium of about Rs 2. The issue was subscribed 30% on Day 1, led by strong interest from institutional investors, while retail participation remained muted ahead of the March 11 closing.
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Reliance Industries, ONGC, Oil India shares dropped up to 3% as Brent crude prices dropped significantly. This decline followed comments from US President Donald Trump suggesting a swift end to the Iran conflict. Earlier, prices had surged due to supply disruption fears. The fall eases concerns about prolonged global oil supply issues and potential impacts on India’s economy.
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Shares of IndiGo and SpiceJet are expected to remain in focus after crude oil prices dropped below $90 per barrel following US President Donald Trump’s remarks that the Iran war could end soon. The decline in oil prices may ease cost pressures for airlines that were hit by a sharp rally in crude.
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