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Mahanagar Gas surged on a technical breakout, while broader markets fell amid global tensions and AI concerns.
On March 2, 2026, Mahanagar Gas surged on technical breakout above ₹1,185, triggering a bullish signal after forming an inverted head and shoulder pattern, with analysts projecting a rise to ₹1,330.
Traders were advised to buy at ₹1,219 or add at ₹1,185, with stop-loss at ₹1,125 and adjusted levels as price advances.
The broader market declined, with Nifty and Sensex falling 1.25% and 1.17% respectively, pressured by global cues, U.S.-Iran tensions, and AI-related concerns.
Oil stocks may gain amid rising crude prices and Strait of Hormuz risks.
Meanwhile, Schaeffler India, Tube Investments, and Kalpataru Projects were highlighted for technical strength and earnings momentum.
Mahanagar Gas se disparó por una ruptura técnica, mientras que los mercados más amplios cayeron en medio de tensiones globales y preocupaciones sobre la IA.