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The S&P 500 and Dow Jones closed at record highs Thursday, driven by financial stocks after a less hawkish Federal Reserve. The Nasdaq lagged as Oracle’s AI spending concerns and weak forecasts caused its shares to tumble, fueling fears of an AI bubble. Market rotation favored cyclicals and small caps amid anticipation of global growth...
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Oil prices saw an increase on Friday due to worries about more Venezuelan oil tankers being intercepted. However, prices are still set for a weekly drop. This is because of hopes for a peace deal between Russia and Ukraine. A peace agreement could boost Russian oil supply. Meanwhile, Ukrainian drones hit a Russian oil platform.
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Encompass Design India, operating as ScaleSauce, is set to list on the NSE SME platform on December 12. The IPO, which closed on December 9, saw a subscription of 2.19 times, with NIIs showing strong interest. The company, a consumer-brand builder in home, lifestyle, and food categories, aims to use IPO proceeds for infrastructure, working...
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Flywings Simulator, an aviation training firm, is set to debut on the NSE SME platform on December 12. The IPO, which closed on December 9, is trading at a 0% grey market premium, suggesting a listing around its issue price. The company plans to use IPO proceeds for pilot-training equipment and general corporate purposes.
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Ashwini Container Movers’ Rs 71 crore IPO opens on December 12. The Maharashtra-based logistics firm will sell 50 lakh shares. Proceeds will fund debt repayment and new truck purchases. The company specializes in containerized freight movement. Its financial performance has improved significantly. The IPO aims to support expansion plans. Investors will monitor subscription trends.
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Exim Routes, a technology-led global recyclables trading platform, is launching its Rs 43.73 crore IPO on December 12, with a price band of Rs 83 to Rs 88 per share. The company, which uses an AI-powered B2B platform for sourcing and logistics, reported significant financial growth in FY25. The IPO aims to fund platform development,...
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Stanbik Agro, a Gujarat-based agri-commodities firm, is launching its Rs 12.28 crore IPO on December 12. The company, which operates in contract farming, B2B supplies, and modern retailing, aims to expand its retail network and working capital. With strong recent financial growth, Stanbik Agro is poised to capitalize on the evolving agricultural supply chain.
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As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
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Gold prices dipped slightly after reaching a seven-week high, as investors took profits. Meanwhile, silver continued its impressive run, hitting another all-time peak driven by strong industrial demand and falling inventories. Investors are now keenly awaiting U.S. jobs data for clues on future Federal Reserve policy.
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