Amir Chand Jagdish Kumar Exports’ Rs 440 crore IPO concludes today. The offering is seeing robust demand, particularly from Non-Institutional Investors. The grey market suggests a listing price around Rs 220. The company plans to use the funds for working capital. This IPO aims to strengthen its position in the basmati rice and FMCG sectors.Read More
Indian government bonds experienced a significant decline as a fuel excise duty cut by New Delhi clouded the fiscal outlook. This, coupled with war-driven oil price surges and substantial debt supply, pushed the benchmark 2035 bond yield to its highest since July 2024, reflecting market anxiety.Read More
Global stock markets, including Dalal Street, experienced sharp downturns in March due to the Iran-US war and soaring oil prices. Ten stocks, including BPCL and IDBI Bank, have seen significant drops, with some falling up to 54% as geopolitical tensions impact various sectors.Read More
Federal Reserve Governor Stephen Miran proposed a framework to shrink the central bank’s balance sheet, potentially allowing for more accommodative monetary policy. His plan involves regulatory adjustments and normalizing liquidity facilities, aiming to reduce the Fed’s holdings by $1-2 trillion over several years without excessively tightening financial conditions.Read More
Goldman Sachs has identified seven quality stocks with stable earnings and strong balance sheets that appear attractively priced. These selections are within the brokerage’s preferred sectors. However, Goldman Sachs has adopted a cautious stance on Indian equities overall, downgrading its market view.Read More
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