Global markets tumbled Thursday as soaring oil prices fueled inflation fears, dimming hopes for interest rate cuts. Federal Reserve Chair Jerome Powell’s cautious outlook, coupled with central bank holds from the Bank of England and ECB, underscored economic uncertainty. Tech giants like Micron and Tesla saw significant drops, impacting major indices.Read More
Oil prices dropped Friday. European nations and Japan will help secure passage through the Strait of Hormuz. The U.S. plans to increase oil supply. Sanctions on Iranian oil may be lifted. The U.S. Strategic Petroleum Reserve could see further releases. North Dakota crude output is expected to rise. This comes after Iran attacked Gulf oil...Read More
Gold prices saw a slight increase on Friday but are set for a third weekly drop. A strong dollar and the U.S. Federal Reserve’s stance on interest rates are impacting gold. Meanwhile, oil prices remain high following attacks in the Middle East. These events are creating inflationary pressures, though high interest rates are dampening demand...Read More
Speciality Medicines’ IPO opens Friday, aiming to raise Rs 29 crore with a flat 0% grey market premium, indicating cautious investor sentiment. The company, operating in niche speciality pharmaceuticals, plans to use IPO proceeds for R&D, international registrations, and working capital. Investors are advised to monitor subscription demand and institutional participation.Read More
Central Mine Planning and Design Institute Ltd (CMPDI) is set to launch its IPO on March 20, with a modest 2% grey market premium indicating a steady debut. The Rs 1,842 crore offer for sale, priced between Rs 163-172, will not raise fresh capital for the company.Read More
Oil prices dropped Friday after Israel announced it would stop targeting Iran’s energy infrastructure. This followed a U.S. presidential statement. Brent and WTI crude futures saw declines. Despite this, Brent was set for a weekly gain due to supply disruptions. Experts predict prices could rise significantly if the conflict escalates.Read More
HDFC Bank’s ADRs continued to fall following a sharp 5% drop in its stock, triggered by the former chairman’s resignation over ethical concerns. Despite management’s reassurances and the appointment of an interim chairman, investor nerves remain unsettled.Read More
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