Hindalco halts production of extruded aluminium products due to Iran war

The Aditya Birla Group-owned metals producer declared force majeure to all of its extruded aluminium customers on March 11, the notice showed.

The Aditya Birla Group-owned metals producer declared force majeure to all of its extruded aluminium customers on March 11, the notice showed.

The Haryana-based company’s public offer will comprise a fresh issue of equity shares entirely, with no offer-for-sale (OFS) component.

But selling may not be the biggest concern right now. The bigger problem could be the lack of buyers. A brokerage report says markets may be entering a “no-buyer phase”, often the stage before the final shake-out of a correction.

Stocks still have a long way to go before selling pressure stemming from the Middle East conflict subsides, according to Wolfe Research.

Stephen Weiss, chief investment officer at Short Hills Capital Partners, says this is not the time to be trading the market.

Investors will be awaiting developments with Nvidia and the Middle East as the war against Iran by the U.S. and Israel faces a third week.

Jeff Kilburg breaks down this SPY options trade.

Jindal Stainless faces disruptions from West Asia war. SEAMEC Ltd wins ₹410.74 crore ONGC contract. GMR Airports to upgrade Cargo Terminal-1 at Indira Gandhi Airport. Here are few stocks to keep an eye on ahead of Monday’s trading session.

The Nifty 50 index extended its decline as market sentiment remained weak. The index has moved further away from its 200-day moving average (DMA) as selling pressure intensified.

More than 100 crore shares across nine recently listed companies are set to become eligible for trading this week as their respective shareholder lock-in periods expire. Among the companies where shares will become tradable are Urban Company, ICICI Prudential Asset…