L&T shares rose over 2% after four days of losses as hopes of easing Iran-Israel tensions lifted sentiment. However, Motilal Oswal remains cautious, citing the company’s significant Middle East exposure, risks to EPC execution, and potential valuation pressures from AI disruption in its IT subsidiary.Read More
Bitcoin has surged past $72,000, driven by renewed institutional interest and significant inflows into US spot Bitcoin ETFs. Major altcoins like Ethereum, BNB, and Solana are also showing strong gains. Analysts suggest this recovery, despite cautious sentiment, could lead to further price increases if key resistance levels are broken. The market is stabilizing after an early-year correction.Read More
Bharat Forge shares rose 4% after strong growth in North America’s Class 8 truck orders, which jumped 159% year-on-year in February. The surge signals improving demand in the commercial vehicle cycle, a key export market for the company, which also reported robust profit and revenue growth in the December quarter.Read More
Axis Securities has identified 15 top stock picks, maintaining an overweight stance on BFSI, telecom, consumption, healthcare, and interest-rate sensitive sectors. The brokerage favors discretionary and retail consumption plays, along with select capex-linked cyclical stocks, while expressing caution on IT in the medium term.Read More
The Indian Rupee is facing sharp pressure, falling against the US Dollar. Middle East tensions are driving a global move towards safe-haven assets, boosting the Dollar. This situation impacts India’s import costs and inflation. The Reserve Bank of India is expected to intervene to manage volatility. Geopolitical stability is crucial for the Rupee’s outlook.Read More
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