Asian markets surged, mirroring US futures, as Micron Technology’s stellar sales forecast reignited AI trade confidence. The chipmaker’s shares jumped significantly after projecting robust future demand, easing concerns for regional bourses. This optimism, coupled with falling oil prices, provided much-needed relief. Investors are also watching the dollar’s strength and Treasury yields, which have seen notable...Read More

Oil prices are dropping significantly as tankers resume passage through the Strait of Hormuz following a preliminary peace accord between the US, Israel, and Iran. This easing of supply concerns has pushed prices towards pre-war levels, surprising many analysts. Despite ongoing demining efforts, the flow of oil is expected to continue, with nations coordinating to...Read More

The US dollar is experiencing a significant surge, reaching multi-month highs against major currencies like the euro and yen. This strength is fueled by expectations of a robust US economy, higher interest rates, and a hawkish Federal Reserve stance. Traders are closely watching key inflation data, with the dollar’s upward momentum potentially continuing in the...Read More

Gold prices tumbled to a seven-month low on Thursday, nearing $3,985 per ounce, as a robust dollar and anticipation of Federal Reserve interest rate hikes weighed heavily. Traders are factoring in multiple rate increases this year, with a significant chance of a September hike. Investors are now keenly awaiting key U.S. inflation data for further...Read More

As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.Read More

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The IPO comprises a fresh issue of 60 lakh shares worth Rs 25.20 crore and an offer for sale (OFS) of 14.95 lakh shares aggregating to Rs 6.28 crore. The issue is priced in the Rs 39-42 per share band and will close on June 30. The shares are proposed to be listed on the...Read More

The Rs 30.24 crore IPO, which comprised entirely a fresh issue of 14.54 lakh shares, witnessed overwhelming investor interest during the three-day bidding period. The issue was subscribed 385.32 times, driven by robust participation across all investor categories.Read More

The Reserve Bank of India has firmly rejected requests for special exemptions from concentration norms for government-owned NBFCs, emphasizing a principles-based regulatory approach. The central bank also denied calls to raise single counterparty limits for public sector enterprises. While allowing grandfathering of residual breaches and specific conditions for temporary limit breaches, the RBI has tightened...Read More