Indian markets mirrored global trends as US stocks surged on Wednesday. Investor fears eased following reports of Iran’s openness to talks and President Trump’s commitment to stabilize oil markets. Tech shares saw renewed interest, boosting the Nasdaq. The S&P 500 neared its all-time high. Oil prices remained steady. This development offers a glimmer of optimism...Read More
Gold prices surged on Thursday. Escalating Middle East conflict drove investors to safe-haven assets. A softer dollar also boosted bullion prices. The U.S. and Iran are involved in a widening war. This geopolitical tension has sent gold up significantly this year. Investors are now awaiting key U.S. economic data releases.Read More
The dollar’s rally paused Thursday, offering relief to the euro amid hopes the Middle East conflict might be shorter than feared. Investors seized on a report of potential Iran-CIA talks, though Tehran denied it. Upbeat US services data also supported sentiment, even as the dollar held weekly gains amidst market volatility.Read More
Omnitech Engineering’s stock market debut is anticipated to be muted, with grey market signals indicating a negative premium ahead of listing. Despite strong QIB subscription, weak retail participation and a Rs 583 crore IPO suggest limited listing gains. The company plans to utilize IPO funds for debt repayment and new project expansion.Read More
Yaap Digital, backed by Mukul Agrawal, is set for its stock market debut on March 5. The Rs 80.11 crore IPO saw healthy subscription, especially from QIBs, but grey market signals suggest a flat listing. The company, a digital content and marketing services agency, plans to use IPO funds for acquisitions and expansion.Read More
Elfin Agro’s Rs 25 crore IPO opens for subscription on Thursday. The issue is priced at Rs 47 per share and will close on March 9. The company plans to list on the BSE SME platform on March 12. The IPO is entirely a fresh issue of 53,25,000 shares. Elfin Agro manufactures wheat-based products and...Read More
PNGS Reva Diamond Jewellery shares began trading on exchanges at a discount. The stock opened lower than its initial public offering price on both NSE and BSE. However, the shares showed resilience. They recovered significantly during the trading session. The stock ultimately closed above its offer price on both exchanges. This marks a positive turn...Read More
Bitcoin surged past $73,000, reaching its highest level in a month, driven by ETF inflows and rising open interest. This rally occurred as Wall Street steadied against Middle East conflict, with Ether also experiencing significant gains. The market is shifting from crisis pricing to consolidation, with short sellers being squeezed out.Read More
Liquefied natural gas company shares are falling sharply. Qatar, a major gas supplier to India, has stopped production. This follows an Iranian drone attack on its facility. The West Asia crisis is escalating, impacting global energy markets. India faces significant disruption to its LNG imports. This could lead to higher costs and potential supply cuts...Read More
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