Tipco Engineering’s IPO opens Monday, aiming to raise Rs 61 crore with a flat grey market premium, indicating investor focus on fundamentals. The company, a manufacturer of industrial machinery, will use the proceeds for debt repayment and working capital. The issue is priced between Rs 84-89 per share and closes March 25.Read More

Gold prices tumbled over 3% on Monday, hitting a four-month low. Escalating Middle East tensions fueled inflation worries and boosted expectations for higher global interest rates. Iran threatened energy systems, while oil prices remained elevated. This situation impacts transport and manufacturing costs.Read More

The dollar strengthened as Middle East tensions escalated, driving demand for safe-haven assets. Retaliatory threats between the U.S. and Iran, including potential strikes on infrastructure, have dimmed hopes for de-escalation. This geopolitical uncertainty is prompting central banks to adopt a more hawkish stance due to rising energy prices.Read More

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Oil prices saw a slight dip as markets grappled with escalating U.S.-Iran tensions threatening energy infrastructure, juxtaposed with the release of Iranian oil. Despite short-term profit-taking, analysts predict a surge towards $120. The conflict has severely impacted Gulf production and shipping, prompting Iraq to declare force majeure and India to consider resuming Iranian oil imports.Read More

Geopolitical tensions and US President Donald Trump’s stance on the Strait of Hormuz are creating market nervousness. Analysts predict Nifty will remain volatile this week. Key support is seen around 22,900, with a risk of decline to 22,500 if tensions escalate. Upside is expected to be capped between 23,400 and 24,200. Experts offer trading strategies...Read More

Gold is poised for its largest weekly loss since 1983, driven by rising energy prices and diminished expectations for interest-rate cuts. The precious metal’s decline accelerated as the dollar and bond yields rallied amid concerns of escalating conflict in West Asia and potential inflation.Read More

Kotak Mahindra Bank is poised to take a major leap by acquiring Deutsche Bank’s retail operations in India for around Rs 4,500 crore. This deal promises to strengthen Kotak’s retail lending capabilities and broaden its base of deposits. Meanwhile, Deutsche Bank’s exit reflects a larger strategy to streamline its operations worldwide.Read More

The Indian rupee is facing pressure, nearing the 94/$ mark against the US dollar due to escalating tensions in the Strait of Hormuz and potential oil supply shocks. Traders are closely monitoring crude oil prices and any intervention from the Reserve Bank of India to stabilize the currency amidst volatile geopolitical developments.Read More

Old West Investment Management significantly increased its energy stock holdings when oil was around $60 a barrel, anticipating a sector rally. Unexpected geopolitical events, including actions against Venezuela and Iran, coupled with a Middle East conflict, propelled oil prices and drove the firm’s flagship fund to a 31% return by late February, outperforming peers.Read More