Indian markets saw a strong opening on Monday. AI-related stocks like Meta and Nvidia surged, boosting investor confidence. Oil prices eased as shipping concerns in the Strait of Hormuz lessened. This positive sentiment is expected to influence global markets. Investors are closely watching central bank decisions this week. The US Federal Reserve is anticipated to hold interest rates steady.Read More
The Indian rupee neared its all-time low at 92.43/$ on Monday, with the Reserve Bank of India intervening to defend the currency. Despite recent losses due to rising oil prices from the Iran war, the rupee saw relative stability, coinciding with a rebound in Indian equities. Analysts predict continued RBI defense to keep the rupee between 92.50/$ and 91.Read More
The Securities and Exchange Board of India has given the green light for initial public offerings from Travelstack Tech, Learnfluence Education, and Tea Post. These companies will now proceed with their plans to raise funds through the stock market.Read More
Union Bank of India plans to raise ₹20,000 crore, potentially including ₹7,500 crore with a 10-year tenor before March 31. The bank will also issue green bonds up to ₹5,000 crore, following a trend among public sector banks after Bank of Baroda’s successful green bond issuance.Read More
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