Sedemac Mechatronics IPO allotment status will be finalized on Monday, March 9. Investors await confirmation of share allocation. The IPO saw moderate demand, with institutional investors showing strong interest. Grey market premiums indicate a potential listing slightly above the issue price on March 11. Shares will be credited to demat accounts on March 10 for successful applicants.Read More
Cryptocurrencies are facing pressure. Bitcoin and Ethereum prices are hovering near key levels. ETF outflows and a surge in oil prices are weighing on the market. Major altcoins show mixed performance. The global crypto market capitalization has seen a slight increase. Investors are recalibrating positions amid macro uncertainty and volatile capital flows.Read More
Global bonds experienced a sharp decline on Monday. A worsening U.S.-Israeli conflict with Iran propelled oil prices past $115 per barrel. This surge fueled investor concerns about inflation and future interest rate decisions. Major oil producers reduced supplies, disrupting shipping routes. Bond yields rose significantly, reflecting a shift in market sentiment.Read More
UAE stock markets saw a sharp decline early Monday. This downturn extended previous losses. The US-Israeli conflict with Iran is widening. Oil prices surged over 25 percent. This jump is due to supply cuts and fears of prolonged shipping disruptions in the Strait of Hormuz. Brent crude saw its biggest daily gain since 1988.Read More
HDFC Bank shares fell over 4% on Monday as geopolitical tensions in West Asia triggered broad selling in banking stocks. The Nifty Bank index also dropped sharply with all banking stocks trading in the red. Despite the decline, analysts remain optimistic about the lender’s long-term outlook and earnings growth.Read More
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