Bajel Projects' shares surged after securing a significant Rs 700 crore order from MSETCL for a 400/220 kV Air Insulated Switchgear substation in Pune. This ultra mega project, the company's largest in power transmission, includes turnkey EPC execution and associated transmission lines, bolstering Maharashtra's grid.
Tejas Networks shares rose sharply on Monday after winning a 4G RAN supply order from a South Asian mobile operator. The deal boosts its global wireless expansion plans. As part of the order, the companys 4G multiband radio products will be deployed at multiple locations across the unnamed mobile operators network.
The Indian rupee weakened by 13 paise to 92.43 against the US dollar in early trade on Monday, pressured by significant foreign fund outflows and rising crude oil prices amidst geopolitical tensions. Volatile domestic equity markets further contributed to the rupee's decline, despite a slight retreat in the dollar's strength.
Quick service restaurant stocks are facing significant declines. Investor interest has waned, and rising fuel costs, particularly LPG, are creating operational challenges. Several major QSR companies have seen their share prices fall considerably over the past year. Experts suggest avoiding immediate investment and waiting for signs of recovery.
Gold and silver opened sharply lower on MCX Monday as soaring energy prices dampened hopes of near-term U.S. rate cuts. MCX April gold fell Rs 1,811 to Rs 1,56,655/10g, while May silver dropped Rs 4,335 to Rs 2,55,101/kg. Rising oil prices and inflation are keeping precious metals under pressure, with futures expected to weaken further amid geopolitical uncertainty.
IndiGo share price rose over 2% after it introduced a fuel surcharge effective March 14, 2026, due to a significant surge in jet fuel prices amid Middle East geopolitical tensions. The airline will charge Rs 425 per sector for domestic and Indian subcontinent flights, and Rs 900-Rs 2,300 for international routes.
Global tensions and rising oil prices are causing market swings. Indian markets are correcting, creating chances in power, infrastructure, and auto sectors. Investors should stay disciplined and focus on long-term growth. Foreign investors are selling, while domestic inflows continue. The rupee is weakening, impacting inflation and imports. Crude oil above $100 poses risks but forex reserves offer some buffer.
Crude oil prices surged past $100 per barrel as President Trump warned Iran that its vital Kharg Island oil hub could be targeted, sparking fears of global energy supply disruptions. Despite avoiding direct strikes on oil infrastructure, the US is considering high-risk options, while Iran's drone attack on a UAE terminal adds to regional tensions.
Asian markets are cautious as Gulf hostilities keep oil prices high, impacting inflation outlooks and likely leading central banks to pause policy hikes. Hopes for de-escalation emerge with reports of a potential coalition to escort ships through the Strait of Hormuz. Policymakers face elevated energy prices and a potential economic slowdown.
