Construction costs in India are projected to climb 3-5% this year due to rising input prices, including labour. While some material costs saw minor dips, others surged. New labour codes and skilled worker shortages are significant drivers. Despite these pressures, underlying housing demand remains robust, with industry players focusing on cost optimization.Read More

Indian markets are showing signs of recovery after a significant selloff. Experts suggest that Indian currency, bonds, and equities are currently undervalued. Hopes for a ceasefire in the Middle East conflict have led to a drop in oil prices. This development is expected to calm market volatility and potentially trigger a buying spree.Read More

Elara Capital has initiated coverage on Solar Industries with a ‘Buy’ rating and a target price of Rs 15,450, forecasting a 24% upside. The brokerage highlights three key growth drivers: a booming defence portfolio, aggressive global expansion across 90 countries, and a robust Rs 2,200 crore capital expenditure plan.Read More

Market expert Pankaj Pandey sees opportunity in current market dips. He compares today’s correction to the Russia-Ukraine war, suggesting markets are near a bottom. Pandey recommends buying quality largecap stocks in autos, cement, and capital goods. He advises patience for HDFC Bank due to near-term challenges. Select NBFCs and PSU banks also present attractive prospects...Read More

The Indian central bank likely intervened to support the rupee on Wednesday. Heavy dollar demand from maturing non-deliverable forwards weighed on the currency. Traders reported the Reserve Bank of India used state-run banks for intervention. This helped the rupee hold above its record low. Indian shares and government bonds saw gains as oil prices fell.Read More

Australian shares surged on Wednesday, gaining nearly 2%. Softer inflation data boosted market sentiment. Hopes for a Middle East ceasefire also contributed to the rise. The S&P/ASX 200 index reached its strongest daily gain since February 9. Consumer prices remained unchanged in February, lowering annual inflation. Energy stocks saw a decline, while gold and mining...Read More

Laxyo Ltd, an EPC services provider for railway infrastructure, has filed preliminary papers with Sebi for a Rs 150 crore IPO. The company plans to use the funds for debt payment, equipment purchase, and working capital.Read More

Sai Parenteral Limited’s initial public offering is underway. The IPO is in its second day of bidding. It experienced a slow start on its first day. The company aims to raise Rs 409 crore through the issue. The subscription window closes on Friday, March 27. Investors are advised to consider the long-term prospects.Read More

Indian government bonds saw mixed trading today. Crude oil prices are near $100 a barrel after a sharp fall. Reports of a U.S.-Iran ceasefire plan eased supply worries. Elevated oil prices impact India’s inflation and trade deficit. States plan significant bond sales this Friday. Overnight swap rates tracked oil prices with shallow trading volumes.Read More

Bank of Japan policymakers are increasingly favoring interest rate hikes, citing persistent inflation and a strengthening wage-price cycle. Despite a pause in January, the central bank maintains an upward inflation bias. Geopolitical tensions and a weaker yen add complexity, but underlying inflation is nearing the 2% target, suggesting continued normalization.Read More