Stocks to Watch: March 9 Focus on Oil-Sensitive and Key Sector Stocks The domestic stock market is expected to open with significant losses on Monday, March 9, amid weak global cues. GIFT NIFTY futures indicate the NIFTY50 index may open 770 points lower, reflecting investor caution ahead of the trading session. Oil-sensitive stocks, including upstream companies like ONGC and Oil India, as well as public sector oil marketing companies (OMCs) such as Indian Oil Corp, Bharat Petroleum Corp, and Hindustan Petroleum Corp, are likely to remain in focus. This is due to surging global oil prices that have crossed the $100 per barrel mark, driven by escalating tensions between the U.S. and Iran. Analysts warn that these developments could disrupt global supply chains and heighten inflationary pressures. Paints, tyres, and aviation sectors are also expected to be closely watched. Companies like Asian Paints and Kansai Nerolac, along with tyre manufacturers such as MRF and JK Tyres, may see increased attention. Aviation stocks could face volatility as rising fuel costs impact airline profitability. Cipla, a major pharmaceutical player, is anticipated to dominate headlines after its U.S.-based subsidiary, Cipla USA, Inc., initiated a voluntary recall of over 400 cartons of generic anti-cancer medication. The recall, classified as a Class III voluntary action by the U.S. Food and Drug Administration (USFDA), pertains to Nilotinib Capsules in 150 mg and 200 mg strengths. The affected lots, totaling 271 and 164 cartons, were recalled due to "failed tablet/capsule specifications." The company announced the recall on February 18, 2026, and emphasized its commitment to compliance with current good manufacturing practices (CGMP) standards.#ongc #oil_india #indian_oil_corp #bharat_petroleum_corp #hindustan_petroleum_corp
