The Rs 440 crore IPO of Amir Chand Jagdish Kumar Exports has entered Day 2, with a grey market premium of Rs 6-7 indicating modest listing gains. The issue was subscribed 1.19 times on Day 1, led by strong NII demand. Brokerages recommend subscribing for long-term growth prospects.Read More

Sammaan Capital share price surged 8% as RBI greenlit a significant 66.65% stake acquisition by Abu Dhabi’s Avenir Investment RSC. This deal, involving an Rs 8,850 crore preferential issue, marks a major Middle Eastern investment in India’s financial sector. However, the RBI imposed conditions, including a ban on public deposit raising, with SEBI’s final nod...Read More

Sagility share price surged 8% after Nomura initiated coverage with a Buy rating and a Rs 55 target price. The brokerage sees Sagility benefiting from AI in healthcare. The company serves US health insurance firms and hospitals. Institutional investors have increased their stakes. Sagility’s stock has seen a decline recently.Read More

George Joseph of ASK Investment Managers sees a prime opportunity in Indian equities, urging aggressive deployment of funds. He highlights significant market corrections, particularly in construction, real estate, and large private banks, presenting attractive valuations. Joseph also dismisses fears of an AI-driven collapse in the IT sector, believing it will expand opportunities.Read More

Oil prices saw a significant drop as hopes for a ceasefire in the Middle East grew. Reports suggested a U.S. proposal aimed at ending the conflict was sent to Iran. This news led to profit booking in crude oil futures. However, ongoing military activity and concerns over the Strait of Hormuz persist.Read More

Gold prices surged over 2% as a weaker dollar and falling oil prices eased inflation concerns. Reports of a U.S. peace proposal to end the Middle East war contributed to the rally. This development, coupled with a U.S. concession from Iran, boosted investor sentiment towards the precious metal.Read More

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Currency markets showed fatigue as traders remained cautious over U.S. President Trump’s claims of progress in talks with Iran, which Tehran denied. While equity futures surged and oil prices plunged on the news, most currency pairs remained largely unchanged, indicating investor uncertainty despite mixed signals.Read More

Oil prices saw a significant drop as hopes for a ceasefire between the US and Iran emerged, following reports of a US proposal to end the conflict. Iran indicated that non-hostile ships can still use the Strait of Hormuz with coordination. Saudi Arabia has increased exports from its Yanbu port to circumvent disruptions.Read More

Wall Street indexes experienced volatility as investors weighed rising oil prices against hopes for a U.S.-Iran de-escalation. President Trump’s claims of talks with Iran offered some optimism, but reports of additional U.S. troop deployments to the Middle East fueled concerns. Higher oil prices and interest rates are creating a stagflationary backdrop, impacting market sentiment.Read More