Realty firm Embassy Office Parks REIT has raised Rs 1,400 crore through the issue of debentures.
Force Motors shares dropped up to 4% after the company disclosed that SEBI has sought additional information related to its Q2 FY25 financial results announcement. The regulator has asked for details including chronology of events, insiders and structured digital database extracts. The company said there is no financial impact and will respond within timelines.
European shares edged lower on Thursday as an expanding Middle East conflict weighed on market sentiment, while a string of patchy corporate earnings added to the gloom.
Geopolitical tensions in West Asia are creating market uncertainty, impacting energy supplies and capital flows. While Indian equities have shown resilience, prolonged conflict could significantly affect the economy due to heavy reliance on GCC for energy and remittances. Foreign investors are currently favoring other Asian markets with stronger earnings growth, delaying their return to India.
Indian metal stocks rallied sharply as aluminium prices surged on supply concerns after Bahrain’s Alba halted shipments following the Strait of Hormuz closure. Additional support came from China’s plan to curb industrial capacity and a weaker dollar, lifting the Nifty Metal index and boosting investor sentiment across major metal companies.
Amidst global uncertainty, market volatility presents opportunities for long-term investors, according to Rahul Shah. He highlights mispricing as a chance to build portfolios, favoring resilient largecaps like private banks, telecom, consumer discretionary, and auto sectors. Shah also sees potential in metals, energy, and defence, with specific stock recommendations.
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.
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.
Reliance Industries shares jumped as brokerages said the recent selloff was overdone and noted the company could benefit from rising crude prices amid Middle East tensions. Analysts expect supply disruptions to boost refining margins, with diesel cracks surging to $35–$42 per barrel, potentially benefiting the company’s oil-to-chemicals business.
India VIX cooled on Thursday after a sharp 52% surge in just two sessions triggered by escalating Middle East tensions. Despite the pullback, volatility remains elevated near 19, prompting experts to advise traders to stay cautious, hedge portfolios and avoid aggressive positions until greater clarity emerges on the Iran–Israel–US conflict.
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