Overview
- Indian equities ended Friday sharply lower, with the Sensex down 961 points and the Nifty 50 off 318 points, setting up a cautious start to Monday’s trade.
- Oil‑sensitive shares are in focus as analysts flag upside risk to crude; upstream explorers such as ONGC and Oil India could benefit, while refiners like HPCL, BPCL and Indian Oil face margin pressure.
- Reports of Strait of Hormuz disruptions and recent US strikes on Iran are feeding supply concerns that could lift crude prices and roil risk assets.
- Safe‑haven positioning may strengthen, with potential tailwinds flagged for gold financiers like Manappuram and Muthoot Finance and jewellery names including Titan, Senco and Kalyan Jewellers.
- Company updates include Adani Ports stating Haifa Port operations remain secure, Deepak Gupta taking charge as GAIL’s CMD, and Finance Minister Nirmala Sitharaman saying she will look into the arrest of Fino Payments Bank CEO Rishi Gupta.