Indian stock markets rebounded sharply on Monday, snapping a three-session losing streak with Sensex and Nifty closing significantly higher. Despite volatile trading, value-buying emerged after last week’s selloff. Geopolitical tensions and persistent FII selling continue to influence market sentiment, while the rupee remains near all-time lows.Read More
The Indian rupee was pinned near its all-time low on Monday, averting losses largely on the back of likely central bank intervention, via state-run banks, as hostilities in the Gulf kept oil prices elevated.Read More
Gold prices dipped on Monday, pressured by concerns that surging oil costs could stoke inflation further and prompt a more hawkish policy stance by major central banks including the U.S. Federal Reserve, dulling the appeal of the non-yielding asset.Read More
GSP Crop Science’s Rs 400 crore IPO opened for subscription and was subscribed 45% on Day 1. Qualified institutional buyers showed the strongest demand while retail participation remained subdued. The issue is priced between Rs 304 and Rs 320 per share and will remain open for bidding until March 18.Read More
REC Limited announced a fourth interim dividend of Rs 3.20 per share, with the record date set for March 20. The dividend will be paid on or before April 14. This marks the company’s 45th dividend since 2008, with a 12-month equity payout of Rs 20 per share.Read More
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