HSBC downgraded Indian stocks to “underweight,” citing rising energy prices tied to the Middle East war. The bank warns the shock could cloud India’s earnings recovery and make the market less attractive than North East Asian peers. Foreign investors have also been net sellers, though HSBC points to selective opportunities in private banks, base metals and healthcare.
Eternal, Ola Electric, BLS International, Nestle, TAC InfoSec, and Tata Investment were among the top movers on Thursday, with big swings tied to earnings updates, new contracts, and product launches. The mix of results and announcements fueled volatility across D Street as investors repositioned quickly.
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Oil prices have jumped past $100 as Iran Israel tensions raise fears of a prolonged shutdown of the Strait of Hormuz. Analysts warn crude could climb toward $150 if disruptions continue, stoking inflation risk and weighing on already pressured Indian equities. Markets are grappling with foreign outflows, rupee weakness, and lingering energy supply concerns.
Indian benchmark indices tumbled for a third straight session as rising Iran Israel and US tensions spooked investors. The Nifty fell over 2% and the Sensex shed nearly 1,500 points, with metals, auto and oil stocks dragging sentiment lower. Amid broad losses, a handful of names such as LTTS and IFCI managed to gain, highlighting stark stock-specific moves.
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