Market Bizzz

Dalal Street faces another volatile session amid geopolitical tensions, leaving investors questioning whether to buy beaten-down stocks or wait. Dipan Mehta advises patience, suggesting that while attractive valuations exist, the duration of the West Asian crisis is key. He believes opportunities lie in quality midcaps rather than overvalued defence stocks.

Indian equity markets are experiencing significant volatility after three days of selling. Technical indicators suggest a potential short-term rebound due to extreme oversold conditions, with Nifty possibly testing 24,600-25,000 and Bank Nifty nearing 60,000. Experts advise against panic selling, noting the VIX spike reflects heightened concern but not peak panic yet.

PNGS Reva Diamond Jewellery’s IPO, priced at Rs 386, is set for its stock market debut on March 4. Despite a Rs 380 crore issue that closed on February 26, grey market signals suggest a cautious listing with a discount to the issue price. The IPO saw moderate overall demand, with the retail and NII portions subscribed.

Sedemac Mechatronics’ Rs 1,087 crore IPO opens amid weak grey market sentiment, with a discount indicated. The offer is entirely an offer for sale, meaning the company receives no funds. Valued at Rs 5,971 crore, the company designs electronic control units for mobility and industrial uses.

The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Gold prices surged for a fifth consecutive session, reaching a four-week high as investors sought safe-haven assets amid escalating U.S. and Israeli air strikes against Iran. Fears of a protracted regional war and deepened uncertainty are driving demand for the precious metal, with silver, platinum, and palladium also seeing gains.

NSE Holidays for Holi 2026: Domestic stock exchanges BSE and the NSE will remain closed today on account of the Holi holiday. India’s largest agri-commodity exchange NCDEX will also be shut in both sessions while MCX is shut for trading in the first session but will resume trading in the evening session.

The yen and euro weakened Tuesday as the escalating Middle East conflict heightened concerns over energy import costs and central bank responses to inflation. The dollar strengthened due to safe-haven demand, while Japan and Europe face greater exposure to rising energy prices. Traders are now anticipating a later Federal Reserve rate cut.

Clean Max Enviro Energy Solutions shares will list on BSE and NSE on March 2. Grey market signals suggest a weak debut. The IPO saw mixed subscription, with institutional investors showing interest but retail and non-institutional investors remaining cautious. The company is India’s largest commercial and industrial renewable energy provider.