Middle East conflict escalation pushed oil prices up, fueling inflation worries and reducing expectations of Federal Reserve interest rate cuts. Major U.S. stock indexes closed down, with industrials, materials, and healthcare sectors seeing significant declines. Energy and technology stocks provided some support, with Broadcom projecting strong AI chip revenue.Read More
Escalating Middle East conflict fuels demand for safe-haven U.S. dollar, poised for steepest weekly gain in over a year. Rising oil prices and inflation risks are impacting the euro and yen. Uncertainty over Iran’s future and potential U.S. involvement is a key concern for global markets.Read More
Striders Impex is preparing for its stock market debut on the NSE SME platform. Grey market indicators suggest a flat listing for the Rs 36.29 crore IPO. The company, involved in toy and children’s merchandise, aims to use proceeds for working capital, subsidiary investment, and loan repayment. Institutional investors showed interest, but retail participation was low.Read More
Srinibas Pradhan Constructions’ Rs 20 crore IPO opens for subscription on Friday. Grey market signals suggest a flat listing outlook. The company operates in infrastructure and utilities, focusing on roads, bridges, and electricity projects. The IPO aims to raise funds for working capital and debt repayment. Investors will monitor subscription demand closely.Read More
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