InterGlobe Aviation shares dipped after Goldman Sachs reduced its target price by 13.3% to Rs 5,200, citing rising fuel costs and Middle East traffic weakness. The brokerage maintained a Buy call, highlighting potential market share gains for IndiGo amid industry consolidation and the airline’s strong net cash position.Read More
Central Mine Planning and Design Institute Ltd (CMPDI) IPO, valued at Rs 1,842 crore, is in its second day of bidding with a modest 1% grey market premium. The issue saw low subscription on Day 1, with Retail Individual Investors showing the most interest. The IPO, an Offer for Sale, closes on March 24.Read More
Gold prices have experienced their worst weekly fall in 40 years, dropping to USD 4,354 per ounce from a recent high. Despite geopolitical tensions, the precious metal is failing to act as a safe haven, with analysts suggesting current levels offer long-term buying opportunities.Read More
Indian stock markets experienced a significant downturn on Monday, with Sensex and Nifty both plummeting. This sharp selloff, wiping out substantial market capitalization, was driven by escalating geopolitical tensions, a weakening rupee, and broad-based losses across all sectors. Investors reacted negatively as major indices and most individual stocks traded in the red.Read More
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