The Indian rupee hit a record low of 92.16 against the dollar, mirroring a sharp rise in equity fear gauges. This depreciation was driven by West Asian war disruptions impacting oil and gas supplies, prompting a flight to safe-haven dollar assets. The Reserve Bank of India intervened by selling dollars to slow the rupee’s slide.Read More

Elfin Agro’s Rs 25 crore IPO opens for subscription on Thursday. The issue is priced at Rs 47 per share and will close on March 9. The company plans to list on the BSE SME platform on March 12. The IPO is entirely a fresh issue of 53,25,000 shares. Elfin Agro manufactures wheat-based products and...Read More

Yaap Digital, backed by Mukul Agrawal, is set for its stock market debut on March 5. The Rs 80.11 crore IPO saw healthy subscription, especially from QIBs, but grey market signals suggest a flat listing. The company, a digital content and marketing services agency, plans to use IPO funds for acquisitions and expansion.Read More

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Omnitech Engineering’s stock market debut is anticipated to be muted, with grey market signals indicating a negative premium ahead of listing. Despite strong QIB subscription, weak retail participation and a Rs 583 crore IPO suggest limited listing gains. The company plans to utilize IPO funds for debt repayment and new project expansion.Read More

The dollar’s rally paused Thursday, offering relief to the euro amid hopes the Middle East conflict might be shorter than feared. Investors seized on a report of potential Iran-CIA talks, though Tehran denied it. Upbeat US services data also supported sentiment, even as the dollar held weekly gains amidst market volatility.Read More

Gold prices surged on Thursday. Escalating Middle East conflict drove investors to safe-haven assets. A softer dollar also boosted bullion prices. The U.S. and Iran are involved in a widening war. This geopolitical tension has sent gold up significantly this year. Investors are now awaiting key U.S. economic data releases.Read More

Indian equity indices experienced their sharpest single-day fall since February 1, plummeting 1.5% due to escalating West Asia conflict and rising oil prices. This triggered a risk-off sentiment, leading to significant foreign portfolio investor exits and a surge in India’s volatility index, signaling anticipated market risks.Read More

Bajaj Consumer Care stock shows resilience. Its flagship Almond Drops hair oil is driving double-digit volume growth. The company is investing in brands and distribution. Analysts are positive, retaining a ‘Buy’ rating. Input costs remain a watch point amid global tensions. The company is focused on rebuilding profitability in other segments.Read More

Engineering and capital goods stocks are under pressure due to the Iran-Israel conflict, with the BSE Capital Goods index falling nearly 4%. Companies like Larsen & Toubro and KEC International face potential project cancellations and execution delays, impacting their order books and revenue visibility.Read More