Srinibas Pradhan Constructions’ Rs 20 crore IPO opens for subscription on Friday. Grey market signals suggest a flat listing outlook. The company operates in infrastructure and utilities, focusing on roads, bridges, and electricity projects. The IPO aims to raise funds for working capital and debt repayment. Investors will monitor subscription demand closely.Read More
Striders Impex is preparing for its stock market debut on the NSE SME platform. Grey market indicators suggest a flat listing for the Rs 36.29 crore IPO. The company, involved in toy and children’s merchandise, aims to use proceeds for working capital, subsidiary investment, and loan repayment. Institutional investors showed interest, but retail participation was...Read More
Escalating Middle East conflict fuels demand for safe-haven U.S. dollar, poised for steepest weekly gain in over a year. Rising oil prices and inflation risks are impacting the euro and yen. Uncertainty over Iran’s future and potential U.S. involvement is a key concern for global markets.Read More
Middle East conflict escalation pushed oil prices up, fueling inflation worries and reducing expectations of Federal Reserve interest rate cuts. Major U.S. stock indexes closed down, with industrials, materials, and healthcare sectors seeing significant declines. Energy and technology stocks provided some support, with Broadcom projecting strong AI chip revenue.Read More
Four Nifty500 stocks, including Mazagon Dock Shipbuilders, LT Foods, Navin Fluorine International and JSW Infrastructure, have appeared in the RSI Trending Up scan after gaining over 6%. The signal indicates strengthening momentum, with the Relative Strength Index crossing above the 50 mark, often seen by traders as a potential bullish indicator.Read More
Gold prices held steady on Friday. Investors are watching the escalating Middle East conflict. This situation impacts the global economy. Spot gold remained firm. US gold futures saw a slight increase. The dollar weakened, making gold cheaper for some buyers. Geopolitical uncertainty has driven gold up significantly this year. Investors await key US employment data...Read More
Indian stock markets recovered, ending a three-day losing streak. Positive geopolitical developments provided support. Investors are now watching West Asia and global energy prices for future direction. The India VIX, a fear gauge, saw a significant drop. Foreign portfolio investors were net sellers, while domestic institutional investors bought shares.Read More
Indian markets saw a strong rebound on Thursday, closing with gains over one percent. Improved global sentiment and buying in major stocks fueled the rise. Several companies like Indian Oil, GAIL, and Mazagon Dock are in focus due to significant news. Petronet LNG issued a force majeure notice. Hindustan Zinc is collaborating on research.Read More
Oil prices fell more than two percent in early Asian trade after strong gains in recent days on the back of the conflict in the Middle East. “Further action to reduce pressure on oil is imminent and the oil (price) seems to have pretty much stabilised,” US President Donald Trump said on Thursday.Read More
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