Indian Stock Market Report

Market Outlook

The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Monday, March 2, due to escalating tensions in the Middle East following US and Israeli strikes on Iran. The Gift Nifty trend also points to a gap-down opening, trading near 25,230 mark, a discount of about 108 points compared to the previous close of Nifty futures.

Market Sentiment

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Market participants will closely track developments in the Middle East after Iran's Supreme Leader, Ali Khamenei, was reportedly killed in joint US-Israel strikes. The Indian equity markets are poised to open on a cautious note following the recent corrective spell, with sentiment remaining fragile as the U.S.–Iran confrontation deepens and begins to reverberate across the broader Middle East.

Stocks to Watch

• Adani Ports: The company's Haifa Port assets and infrastructure remain fully secure and operational, despite escalating tensions in the Middle East.
• ONGC and Oil India: OMC stocks are in focus due to movement in crude oil prices following the US attack on Iran.
• BEL: The company has declared an interim dividend of ₹1.95 per share for FY 2025–26.
• Bharti Airtel: The telecom operator has unveiled a partnership with Google to deliver a safer and more interactive messaging experience for users across India.
• Tata Motors Passenger Vehicles: The company reported a 35% year-on-year increase in total sales to 63,331 units in February.
• Aurobindo Pharma: The US FDA conducted an inspection of Unit-I, a formulation manufacturing facility operated by the company's subsidiary, Eugia Pharma Specialities, between February 16 and February 27.
• Vishal Mega Mart: The company's promoter entity, Samayat Services, divested a stake in the company via a block deal.
• SpiceJet: The airline reassured all stakeholders after the Supreme Court of India dismissed its plea in the Maran dispute.
• Adani Green Energy: The company announced that its step-down subsidiary, Adani Green Energy Twenty Five C Ltd, has commissioned a 185 MW wind power project in Khavda, Gujarat.