Indian markets gear up for March 6, 2026, with Bajaj Finance, Havells India, and AB Capital topping watchlists amid Q3 earnings buzz, government infra push, and structural shifts—despite Iran war oil volatility. Rupee strengthened 55 paise to ₹91.6/$ on RBI intervention, Sensex up 900 pts on de-escalation hopes, setting bullish tone.
Kotak adds Bajaj Finance at ₹1,100 (upside from ~₹950), spotlighting Fin-AI transformation yielding measurable outcomes beyond near-term credit dips—high growth/ROE sustained despite large balance sheet. Q3 saw profit dip 6% YoY to ₹4,066cr on labor code costs/ECL provisions, but NII soared 21% and AUM hit record highs.
Key Stocks Breakdown
Motilal Oswal neutrals Havells India at ₹1,490 (~₹1,344 current), eyeing cables/wires boom from infra spending, Lloyd inventory normalization, and pricing aiding margins amid mixed demand—short-term softness, medium recovery ahead. Q3 revenue up 14% YoY in cables, FMEG/AC challenges persist but renewables/exports eyed.
BoFA buys AB Capital at ₹380 (strong tailwinds): MSME lending surges on govt support, housing retail penetration rises, AMC equity stabilizes, insurance premiums boom—market share focus pays off.
Broader Context
Auto retail surged 26% Feb on demand, PSBs grab secured lending share, FMCG slows on GST—infra/green bonds (BoB ₹10k cr) fuel plays. Qatar LNG risks hit GAIL, but US 30-day Russian oil waiver eases import crunch amid Hormuz crisis. Bajaj’s 7.84mn new loans (AUM ₹3.1L cr) underscore resilience.
Trader Outlook
Nifty eyes 26,200 post-900pt rebound; volatility from oil boil (consumer price hikes loom) but geopolitical easing supports. For Patiala finance pros: Long Bajaj/Havells on dips (RSI ~46 neutral), hedge oil via MCX; watch Q3 beats, ECB/Fed cues. Women funding gap (₹4/100) signals diversification needs—AB Capital’s retail push timely.
March 6 pivotal: Earnings + policy tailwinds ignite rally! 📊🇮🇳
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