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Shree Ram Twistex IPO, subscribed 43.66 times, is set to finalize allotment today. Despite strong investor demand, especially from retail and NII segments, the grey market premium is negative, indicating potential listing concerns. The company plans to utilize IPO funds for renewable energy projects and debt repayment.
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As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
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The dollar weakened as Nvidia’s strong earnings boosted market confidence, while investors awaited details on new U.S. tariffs. The U.S. dollar index held losses amid uncertainty over President Trump’s response to a Supreme Court ruling. The yen saw gains as the Bank of Japan hinted at potential rate hikes.
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Tokyo’s Nikkei index soared past 59,000 for the first time on Thursday, shattering its previous record. This surge was fueled by diminishing hopes of an immediate Bank of Japan interest rate hike and impressive performance from chip giant Nvidia. The benchmark Nikkei 225 saw a significant 1.2% jump, reflecting strong market sentiment.
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Oil prices are near seven-month highs as markets weigh U.S.-Iran talks against potential supply disruptions. While diplomatic efforts continue, military posturing in the Middle East keeps tensions high. However, a significant build-up in U.S. crude inventories is tempering further price surges, creating a complex market outlook.
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Gold prices saw a slight uptick on Thursday, driven by a weaker dollar and investor caution over U.S. tariff policy and Iran talks. The precious metal’s rise was also supported by safe-haven demand amid global uncertainties. Markets are closely watching upcoming U.S. jobless claims data for clues on Federal Reserve policy.
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Wall Street indexes climbed to two-week highs, led by tech stocks, as optimism about AI’s potential benefits overshadowed concerns about disruption and costs. Nvidia’s strong earnings fueled the rally, with the Nasdaq showing the largest percentage gain. Investors are weighing existential AI risks against potential returns.
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Asian markets are rising for the fourth day. Concerns about artificial intelligence are easing. Nvidia’s sales forecast is upbeat. This is boosting Asian chipmakers. South Korea’s Kospi Index reached a record high. The dollar weakened. Gold edged up. Bitcoin fell. Investors are watching Nvidia’s outlook to support the AI trade.
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