Oil prices dropped Friday. European nations and Japan will help secure passage through the Strait of Hormuz. The U.S. plans to increase oil supply. Sanctions on Iranian oil may be lifted. The U.S. Strategic Petroleum Reserve could see further releases. North Dakota crude output is expected to rise. This comes after Iran attacked Gulf oil facilities.Read More
Gold prices saw a slight increase on Friday but are set for a third weekly drop. A strong dollar and the U.S. Federal Reserve’s stance on interest rates are impacting gold. Meanwhile, oil prices remain high following attacks in the Middle East. These events are creating inflationary pressures, though high interest rates are dampening demand for gold.Read More
Speciality Medicines’ IPO opens Friday, aiming to raise Rs 29 crore with a flat 0% grey market premium, indicating cautious investor sentiment. The company, operating in niche speciality pharmaceuticals, plans to use IPO proceeds for R&D, international registrations, and working capital. Investors are advised to monitor subscription demand and institutional participation.Read More
Central Mine Planning and Design Institute Ltd (CMPDI) is set to launch its IPO on March 20, with a modest 2% grey market premium indicating a steady debut. The Rs 1,842 crore offer for sale, priced between Rs 163-172, will not raise fresh capital for the company.Read More
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