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Oil prices surged over 7%, pushing Brent close to $100 per barrel amid escalating Middle East tensions and supply disruption concerns. The rally is expected to keep upstream oil stocks such as Reliance Industries, ONGC and Oil India in focus, while geopolitical risks raise fears that crude prices could spike further.

On March 11, six Nifty200 stocks entered the RSI Trending Up scan after gaining momentum. Their RSI readings crossed above the 50 mark from lower levels, signalling strengthening price momentum and rising buying interest. Traders track this technical signal to identify potential bullish continuation in these stocks.

Borosil Ltd may remain in focus after the company partially halted production at its Jaipur furnaces due to LPG supply restrictions linked to Middle East tensions. Disruptions in tanker movement through the Strait of Hormuz have tightened fuel supplies in India, pushing LPG prices higher and triggering shortages in several cities.

As of March 11, seven NSE F&O stocks saw a sharp rise in futures open interest, signalling heightened derivatives activity. Rising OI reflects stronger participation, with traders initiating fresh positions or adding to existing ones. This technical signal highlights growing conviction on near-term price direction in these stocks.

On March 11, three NSE stocks with a market capitalisation above Rs 10,000 crore featured in the White Marubozu bullish scan, according to StockEdge data. This candlestick pattern signals strong buying interest throughout the session, indicating improving momentum and potential near-term upside that traders track for confirmation of a bullish trend.

The Rs 323 crore Innovision IPO has entered its final day of bidding with grey market premium around 13%. The issue has seen modest demand so far, with overall subscription at 12% after two days. Brokerage Swastika Investmart has advised avoiding the IPO due to high valuation and thin margins.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Oil prices surged over 7% to near $100 per barrel despite the International Energy Agency announcing its largest-ever coordinated release of emergency reserves. Traders remain skeptical that the 400-million-barrel stockpile drawdown will offset supply risks from the escalating Middle East conflict, particularly if disruptions persist in the Strait of Hormuz, a key global oil transit route.

Global markets are on edge as oil prices surge, nearing $100 a barrel. This spike fuels inflation fears, prompting central banks to consider aggressive interest rate hikes. The U.S. dollar is strengthening as investors seek safety. Tensions in the Strait of Hormuz add to market volatility. Economists warn of slower global growth. Cryptocurrencies are also experiencing a downturn.

Markets experienced a sharp decline of over 1.5% on Wednesday, driven by weak global cues and geopolitical tensions, with Nifty approaching its previous swing low. Several companies like IndiGo, IDFC First Bank, and Ashok Leyland are in focus due to significant news developments, including regulatory dismissals, ED searches, and new investment plans.