Published on 02/03/2026 02:06 PM
Dev Garg, Vice President Indian Rice Exporters Federation (IREF)
Top Five Markets For Basmati Rice Are Located In The Middle East
India Exports Rice Worth `27,000 Cr
Paras Defence’s stocks rise over 7%, trading at a lower level than the highs. The company has incorporated a subsidiary that is entering the semiconductor space.
The shares of Tejas Networks are off the day’s high but are up 8%, gaining for the 4th consecutive trading session.
After Israel and the US launched strikes on Iran over the weekend, geopolitical tensions in the Middle East worsened, causing the Karachi Stock Exchange index to drop to its lowest level ever on Monday, March 2.
As each company’s shareholder lock-in period expires this week, shares worth over ₹1,634 crore will be available for trading. Currently, three of these five firms are trading below their issue price.
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Indian rice exporters have been negatively impacted by the rapidly intensifying conflict in the Gulf region during the busiest time of year. Huge shipments are stranded at ports, prompting concerns about increased handling and storage expenses.
The corporation has characterised the move as a responsible capital allocation decision that comes after a strategic review. According to Mahindra, activities are anticipated to stop by the first half of the fiscal year 2027, and the transition would be completed in a systematic way.
Several US warplanes crashed in Kuwait on Monday morning, but their crew survived, Kuwait’s defence ministry says, as Iran pressed on with a third day of strikes in the Gulf
The Sensex index is down over 1,600 points, as the 30-stock index extends cuts.
Market extends losses, slips to lowest levels in a month tracking geopolitical tensions; Nifty breaches 24,700
The Nifty PSU Bank index is under pressure, with all the stocks trading in red.
The IT index has fallen by over 500 points, with all 10 stocks trading in red.
The Nifty FMCG index has fallen by over 1.40% as all its constituent stocks are in the red.
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Saudi Aramco’s Ras Tanura Refinery Shut Down After Drone Strike
Market at day’s low, Nifty Defence slips into the red; all sectoral indices now trading in the red
Crude oil jumps on reports of Saudi Arabia’s Ras Tanura Refinery shutdown, back near $80/bbl
The Nifty Auto index is down over 3%, and 14 out of the 15 stocks are trading in red.
Urban Company shares decline to IPO price
All Nifty Bank stocks are trading with losses, as the crucial banking index falls over 1%
Sudeep Shah, Head of Technical and Derivative Research, SBI Securities
The Nifty 500 index is down over 2%, and 447 out of 500 stocks are trading in red.
Amid reports of a drone attack on an oil facility in Saudi Arabia.
Market extends losses, Nifty breaches 24,700, L&T, Reliance, M&M, ICICI Bank, SBI, top stocks dragging the index
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