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IDBI Bank shares have plummeted nearly 30% in a month as the government’s strategic stake sale faces potential delays due to financial bids falling below the floor price. Experts are divided on the stock’s future, with some advising to buy on dips while others suggest holding or selling on rallies.
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Gold prices remained stable on Tuesday. Investors are closely watching the economic impact of the Middle East conflict. Several central banks are set to announce their policy decisions this week. Higher oil prices are fueling inflation concerns. This is leading markets to reconsider expectations for interest rate cuts. The US Federal Reserve is expected to hold rates steady.
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The U.S. dollar saw little change as traders assessed the Iran war’s impact, while the Australian dollar dipped ahead of an expected rate hike. Concerns over inflation, fueled by surging oil prices, have lifted the dollar against most currencies, with markets anticipating central bank responses to the ongoing crisis.
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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.
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