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The GIFT Nifty has extended its losses further, declining over 200 points.

Borosil Ltd.’s shares will be under scrutiny on Thursday, March 12, following the company’s announcement to markets that it had received a message regarding an LPG supply restriction from oil marketing companies (OMCs).

Due to the continuous crisis in the Middle East and its effects on the world’s petroleum supply, a force majeure situation has caused the disruption.

Asian markets continued a volatile week following Thursday’s decline in US equities futures, as rising oil costs and mounting pressure in the private credit market had a detrimental effect on investor confidence.

Some of the stocks to watch include Wipro, KEC International, Ashok Leyland, Borosil and more.

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As anticipated, selling pressure increased close to the 24,300 barrier on Wednesday, but bears continued to dominate the market. Throughout the afternoon, the weakness worsened, pulling the index lower and momentarily bringing it below the 24,000 mark.

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