Stocks in Focus Amid Rising US-Iran Tensions: CV, ONGC, MRPL, and Others to Watch

Global Market Update

Indian Equity Market Falls 1.24% on March 2

The Indian equity market ended the day in the red on Monday, March 2, with the Nifty 50 falling 1.24% to close at 24,865. The BSE Sensex also slipped 1.29% to settle at 80,238. The broader market was under pressure, with the Nifty Midcap 100 and the Nifty Smallcap 100 each declining by more than 1.5%.

The market's decline was attributed to escalating tensions in the Middle East, which rattled global markets and pushed crude oil prices higher. Despite some selective value buying at lower levels, the market's broader tone remained cautious, with sentiment still anchored to developments in energy markets and geopolitical headlines.

Read also: Expert Portfolio Manager Raja Venkatraman Names Top Investment Picks for June 4

Stocks in Focus

Several stocks are likely to remain in focus on Wednesday, March 4, 2026, amid the backdrop of the US-Iran war:

• Tata Motors CV: The company's shares will remain in focus as it has issued a statement clarifying reports that Indonesia has suspended export orders for commercial vehicles from the firm.
• Mahindra & Mahindra: Similar to Tata Motors CV, Mahindra & Mahindra's shares will also remain in focus due to the same reason.
• ONGC: The company's shares will remain in focus amid rising global crude oil prices, driven by the US-Iran war and supply disruptions via the Strait of Hormuz.
• Oil India: Shares of Oil India will also remain in focus due to the same reason.
• IGL, Petronet, MGL, and Gujarat Gas: The shares of these companies will remain in focus after European natural gas futures jumped sharply on Monday after a major Gulf LNG supplier in Qatar halted operations.
• Adani Ports: The company reported a 16% year-on-year increase in total cargo handled in February, driven by strong growth in container traffic and dry cargo.
• MRPL: The state-owned Mangalore Refinery and Petrochemicals Ltd (MRPL) has approved an interim dividend for the financial year 2025–26, with a payout of ₹4 per fully paid-up equity share.
• Cipla: The company has signed a 60:40 joint venture agreement with Kemwell Biopharma Pvt. Ltd. to establish a new JV entity in India.
• Greenply Industries: The company's Income Tax search and seizure operations were completed on March 2.
• Acme Solar: The company's subsidiary, Acme Suryodaya, has commissioned the second phase of the Battery Energy Storage System (BESS) Project in Rajasthan.
• Dynamite Technologies: The company has signed a Memorandum of Agreement (MoA) with Hutchinson to address the fast-growing aerospace market in India.