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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.
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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.
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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.
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Indian stock markets experienced a strong rebound today. The Sensex surged over 900 points, while the Nifty also saw significant gains. This recovery was largely driven by major banking and financial stocks. Experts suggest this was a short-covering rally after a sharp correction. While markets showed resilience, volatility remains a concern. Investors are watching key levels for future direction.
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An analysis of the BSE Mid-Cap Index shows that both FIIs and retail investors increased their stakes in 12 stocks during the December quarter. However, market volatility has weighed on returns, with 11 of these companies delivering negative performance over the past three months and some stocks declining by up to 40%.
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