On India, Christopher Wood of Jefferies says foreign institutional investors could return if the semiconductor trade peaks and triggers a sell-off in markets such as Korea and Taiwan.
Shares of Biocon Ltd ended at ₹389.90, up by ₹0.15, or 0.038%, on the BSE.
Shares of Newgen Software Technologies Ltd ended at ₹488.10, down by ₹21.05, or 4.13%, on the BSE.
Manish Sonthalia, CIO of Emkay Investment Managers, says geopolitical dips are buying opportunities, as markets typically recover within 6–9 months. He is deploying fresh flows into autos, financials, pharma, consumer durables, power transmission and select defence. He favours PSU banks…
On Monday (March 2), shares of Mangalore Refinery and Petrochemicals Limited ended at ₹187.95, down by ₹8.70, or 4.42%, on the BSE.
On Monday (March 2), shares of Petronet LNG Ltd ended at ₹310.40, down by ₹12.95, or 4.00%, on the BSE.
On Monday (March 2), shares of United Spirits Ltd ended at ₹1,373.25, down by ₹9.95, or 0.72%, on the BSE.
Nifty’s gap-down opening on Monday was driven by developments in the Middle East. Analysts say sentiment is likely to remain bearish unless the index sustains above 25,000, while a break below 24,600 could trigger a deeper correction.
US stocks fell sharply on March 3 due to renewed airstrikes by American and Israeli jets on Iranian targets. The S&P 500 dropped 1.6%, Dow Jones 2.23%, and Nasdaq 2.2%. Oil prices surged over 8.5%.
On Monday (February 2), shares of JSW Infrastructure Ltd ended at ₹251.35, down by ₹3.50, or 1.37%, on the BSE.