The dollar strengthened as Middle East tensions escalated, driving demand for safe-haven assets. Retaliatory threats between the U.S. and Iran, including potential strikes on infrastructure, have dimmed hopes for de-escalation. This geopolitical uncertainty is prompting central banks to adopt a more hawkish stance due to rising energy prices.Read More
Gold prices tumbled over 3% on Monday, hitting a four-month low. Escalating Middle East tensions fueled inflation worries and boosted expectations for higher global interest rates. Iran threatened energy systems, while oil prices remained elevated. This situation impacts transport and manufacturing costs.Read More
Tipco Engineering’s IPO opens Monday, aiming to raise Rs 61 crore with a flat grey market premium, indicating investor focus on fundamentals. The company, a manufacturer of industrial machinery, will use the proceeds for debt repayment and working capital. The issue is priced between Rs 84-89 per share and closes March 25.Read More
Innovision’s IPO is set for listing on March 23. Grey market indicators suggest a weak debut with negative GMP. Despite strong institutional interest, retail demand was low. Concerns about valuation and business profile are impacting listing expectations. The company operates in manpower, toll plaza, and skill development sectors. Final listing performance will depend on market sentiment.Read More
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