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The UK’s ​main stock indexes were on track for a fourth straight week of losses on Friday, as investors remained on edge due to uncertainty around the ‌Middle East conflict, ⁠and ⁠fears of a spike in inflation.
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RIL, HDFC Bank, PSU banks, airlines, HEG and ACME Solar were among Friday’s biggest market movers as crude spikes and geopolitical tensions fueled a broad sell-off.
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Market downturns, often feared, present prime opportunities for seasoned investors. Instead of panic, focus on buying quality companies at discounted prices, much like Warren Buffett’s philosophy. Strong management and sensible valuations during these volatile times pave the way for significant long-term wealth creation, turning anxiety into a powerful investment phase.
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Powerica’s IPO closed with 1.45x subscription on Day 3, driven mainly by strong QIB demand at 4.5x, while retail interest stayed weak. The grey market showed a marginal Rs 2 premium over the issue price of Rs 395. The company aims to raise ₹1,100 crore through a mix of fresh issue and OFS.
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