Oil prices extend advance as traders gauge US escort plan for Strait of Hormuz
West Texas Intermediate was above $75 a barrel post rallying 11% across two days, the biggest rise in four years. Brent ended near $81.
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Nalco, Hindalco, Vedanta shares may be impacted by the US-Iran war; Here’s why
Qatalum, a joint venture between Qatar Energy and Norsk Hydro, has the capacity to produce around 0.65 million tonnes of aluminium annually.
These oil and gas stocks could be impacted due to the US-Iran war, as per Citi
Sources have also told CNBC-TV18 that Gujarat Gas has cut 50% of its gas supply to the industrial sector. The company has around 70% gas imports in its raw material basket, mostly from Qatar.
Gold, silver prices ease after Tuesday’s sharp dip: What analysts expect next
Gold and silver rebounded on March 4 after a sharp fall on March 3 due to renewed safe-haven demand amid geopolitical tensions. Gold rose to ₹5,186.60 per 10 grams, while silver increased to ₹85.10 per 100 grams.
Gujarat Gas cuts 50% gas supply to industrial sector due to US-Iran war; Stock in focus
According to brokerage firm Citi, Qatar halting LNG production raises the near-term risk for India’s gas value chain. Gujarat Gas, according to Citi is the most exposed due to its dependance on Qatar and Spot LNG, Citi wrote.
Defence stocks in focus after ₹5,083 crore deals, US-Iran war; check Goldman top picks
Brokerage firm Goldman Sachs expects order inflows to remain strong and sees medium-term tailwinds from a supportive budget allocation.
JSW Infra shares in focus after storage tank hit by debris at Fujairah Liquid Terminal in UAE
Local authorities as well as onsite safety teams acted swiftly and the situation was fully contained, according to JSW Infra, adding that no injuries were reported.
Why the rupee may hit all-time low today
The Indian rupee is set to open at a record low of 92.10-92.15 per US dollar on March 4, due to rising Middle East tensions, higher crude oil prices, and foreign fund outflows.
Tata Power shares have a ‘meaningful re-rating opportunity’ on these factors, IIFL says
Tata Power shares are trading at a 12-month forward Enterprise Value to EBITDA multiple of 10 times, which is lower than its long-term median of 11 times.
Godrej Properties acquires 11 acre land in Gurugram with estimated revenue potential of ₹4,500 crore
The plot is located in Sector 63A and forms part of the Golf Course Extension Road micro-market. The area has matured into a high-demand destination for residential, commercial and retail developments, Godrej Properties said.