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The dollar remains strong near a ten-month peak. Investors await key central bank meetings, including the US Federal Reserve and European Central Bank. Policymakers will assess the impact of higher oil prices on inflation and growth. The Australian dollar gains on hawkish rate expectations. The Japanese yen faces pressure due to energy import costs.
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The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
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Rajputana Stainless Ltd’s IPO is poised for a muted market debut on March 16, with grey market signals showing a 0% premium. The Rs 255 crore issue saw modest overall subscription, driven by institutional investors, while retail demand remained subdued. The company plans to use IPO proceeds for debt repayment and capital expenditure.
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GSP Crop Science’s Rs 400 crore IPO opens Monday, priced between Rs 304-320. The issue includes a fresh component for debt repayment and an offer for sale. With over four decades in agrochemicals, the company aims to strengthen its financial standing. Early market sentiment suggests a flat listing, with the IPO closing March 18.
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