Morgan Stanley downgrades India to ‘equalweight’, removes Maruti from focus list

Among specific stocks, Morgan Stanley has removed Maruti Suzuki from its Asia-Pacific ex-Japan, GEM and Asia Thematic Focus List.

Among specific stocks, Morgan Stanley has removed Maruti Suzuki from its Asia-Pacific ex-Japan, GEM and Asia Thematic Focus List.

The price of a 14.2-kg domestic LPG cylinder in Delhi has increased by ₹60, from ₹853 to ₹913, effective March 7, according to ANI.

The Enforcement Directorate searched Mumbai and Chennai in a money laundering probe involving “NSE India Ltd’s unlisted shares”. Several accounts were frozen and documents seized.

Bharat Electronics signed an MoU with SASMOS HET Technologies to boost indigenous defense manufacturing, exchanged by Manoj Jain and H G Chandrashekar, witnessed by Rajnath Singh.

The government invoked the Essential Commodities Act to ensure uninterrupted LPG supply. Oil refiners must prioritize LPG production for Indian Oil, Bharat Petroleum, and Hindustan Petroleum.

UltraTech Cement will acquire a 26.20% stake in Sunsure Solarpark Thirty Eight to source renewable power and meet captive energy requirements.

Shares of Kotak Mahindra Bank Ltd ended at ₹401.30, down by ₹6.25, or 1.53%, on the BSE.

Max Financial Services plans to merge with Axis Max Life Insurance to unlock shareholder value and list AMLI on stock exchanges by April 5, 2027.

Bank of Baroda raised ₹10,000 crore via long-term green infrastructure bonds, the first Indian bank to do so locally. The bonds have a seven-year tenure.

From a positioning standpoint, ICICI Direct advises staying with domestic oriented sectors like Banks, Infra / Cap Goods, Cement, Autos and Auto Ancillaries with lesser export share, Real Estate and Consumer Discretionary. Here are its top stock recommendations in these…