Eternal and Swiggy shares rose after platform fee hikes, despite HSBC cutting target prices due to rising competition in quick commerce. The brokerage maintained a Buy on Zomato but a Hold on Swiggy, warning that higher pricing—especially at Blinkit—could hurt market share.Read More
Indian stock markets face a holiday-shortened week, with closures on Thursday for Shri Ram Navami and further trading disruptions in the coming weeks due to Mahavir Jayanti and Good Friday. Markets opened sharply higher on Wednesday, extending recovery amid easing Iran-US tensions and Iran’s statement on the Strait of Hormuz.Read More
SpaceX is reportedly preparing to file for an initial public offering in June, aiming to raise an estimated $75 billion. This move, which follows a recent valuation of $1.25 trillion after merging with xAI, could significantly surpass previous record-breaking IPOs. The company’s public debut is expected to bring increased transparency and pressure for profitability.Read More
On March 24, the closing prices of five stocks in the Nifty500 pack rallied over 2% relative to their VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com’s technical scan data.Read More
Japanese government bonds saw gains for a second day. This rise followed indications of a potential Middle East crisis resolution. Lower oil prices eased inflation worries. This development impacts Japan’s economy, which relies heavily on imported energy. The Bank of Japan’s policy meeting minutes were also released. Policymakers noted the need for interest rate increases.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
