Tata Motors’ domestic passenger vehicle sales rose 34% YoY to 62,329 units in February, while EV sales jumped 57% to 8,385 units. However, a cyber incident at Jaguar Land Rover caused a Q3 loss of Rs 3,486 crore and a 26% drop in revenue. Analysts say the stock remains sensitive to JLR performance, global demand, and margin recovery.
Shares of InterGlobe Aviation fell 5% to Rs 4,293, while SpiceJet plunged 8% to Rs 13.95, as the Iran-Israel conflict escalated. Rising crude prices, rupee weakness, and international flight cancellations threaten airline revenues. Geopolitical tensions could persist for weeks. US President Donald Trump warned that both sides have ruled out negotiations, keeping investor sentiment under pressure.
Fintech unicorn Moneyview Limited has filed its DRHP with SEBI for an IPO, aiming to raise capital through a fresh issue and an Offer for Sale. The company, a credit-led digital financial services platform targeting "Middle India," reported strong growth and profitability, with significant AUM and a user base of over 125 million.
Global markets saw a liquidity rush as escalating Middle East tensions triggered sharp sell-offs across equities, bonds and gold. Investors preferred cash amid rising oil prices and inflation fears, while the U.S. dollar surged. Uncertainty over the conflict’s duration is fuelling volatility and risk reassessment worldwide.
The Korea Exchange triggered circuit breakers on the KOSPI after the benchmark index plunged 8% in early trading, halting transactions for 20 minutes to curb market volatility.
Japans Nikkei share average fell to a one-month low on Wednesday. Investors sold risk assets due to escalating Middle East conflict. Chip-related companies led the decline. Oil refinery index was the worst performer. Some software shares and Nidec saw gains. Sony and Nintendo also advanced.
When the closing price drops below the VWAP, it indicates that the stock ended the session below the average price at which it traded during the day, weighted by volume.
Petronet LNG has issued a force majeure notice to QatarEnergy due to supply disruptions from Middle East hostilities, preventing its LNG tankers from safely transiting the Strait of Hormuz. The company also notified its key off-takers, GAIL, IOCL, and BPCL, of the potential impact on supply agreements.
Indian stock markets, NSE and BSE, resumed normal trading on Wednesday, March 4, following the Holi holiday observed on March 3. This comes amidst heightened geopolitical tensions in the Middle East, which have unsettled global markets and led to a surge in crude oil prices, impacting Indian equities.
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.