Oil prices surged for a fifth consecutive day, fueled by escalating Middle East tensions. Iran’s actions in the Strait of Hormuz and reports of air defense engagement have heightened concerns. Analysts predict further price hikes if U.S.-Iran negotiations falter, with potential for Brent crude to reach $150 per barrel amid supply disruptions.Read More

Mehul Telecom’s IPO, despite a 45-fold subscription, shows a muted grey market premium of around 4%. Investors anticipate modest listing gains for the mobile retail chain, which operates primarily in Gujarat. While the company has seen revenue growth, thin margins and intense competition pose challenges for future scaling and profitability.Read More

Property Share Investment Trust’s PropShare Celestia REIT is facing a flat listing. The small and medium REIT issue saw muted subscription. Demand came from non-institutional investors. Institutional participation was weak. The offering provides exposure to income-generating commercial real estate. A high ticket size restricts participation. Investors expect steady income rather than short-term gains.Read More

Intel’s shares surged after exceeding earnings expectations, signaling a potential recovery. Despite a reported loss, revenue increased, and the company forecasts further growth. CEO Lip-Bu Tan highlighted the growing demand for Intel’s processors driven by the AI revolution, particularly for local network processing.Read More

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.Read More

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Gold prices held firm Friday, yet are poised for a weekly decline. Soaring oil prices, fueled by stalled U.S.-Iran peace talks, are sparking inflation worries and the prospect of prolonged high interest rates. This energy shock is straining the global economy, impacting factory costs and weakening economic activity.Read More

The dollar is set for its first weekly rise in three weeks. Stalled peace talks between the U.S. and Iran are impacting Middle East tensions. Iran’s actions in the Strait of Hormuz add to uncertainty. Crude oil prices remain firm, supporting a stronger dollar. The yen is weakening against the dollar.Read More

Oil prices surged Friday amid escalating Middle East tensions. Iran’s release of footage showing commandos boarding a cargo ship in the Strait of Hormuz, coupled with reports of engaging hostile targets, has fueled fears of renewed conflict. Analysts warn that a breakdown in U.S.-Iran talks could send oil prices to new yearly highs, potentially impacting...Read More

Asian equities opened lower as US-Iran talks showed little progress in de-escalating the Middle East conflict, keeping the Strait of Hormuz effectively closed. Oil prices rose as geopolitical risks intensified, with Brent crude climbing to $106.20 a barrel. Investors remain cautious, awaiting signals on energy supply risks.Read More