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Amba Auto Sales and Services is set for its stock market debut with grey market signals indicating a flat listing. The Rs 65.1 crore IPO, priced at Rs 135, saw mixed subscription, with institutional investors showing more interest than retail. The company, an authorized dealer for Bajaj Auto and LG, plans to use funds for working capital and expansion.
Isha Ambani wore a Gaurav Gupta couture saree at Met Gala 2026, featuring over 200 diamonds from Nita Ambani. She also revealed why she paired her look with a mango.
Oil prices dipped Tuesday after a significant surge, as the U.S. Navy initiated operations to reopen the Strait of Hormuz. A U.S.-flagged vessel successfully navigated the passage, easing immediate supply concerns. However, tensions remain high with Iran launching attacks in response, impacting commercial shipping and an UAE oil port.
IMD issued an orange alert for heavy rainfall and thunderstorms in several states including Uttar Pradesh and West Bengal, urging residents to follow safety protocols. Check full weather report here.
Gold prices remained largely steady as escalating Middle East tensions and stalled U.S.-Iran peace talks kept investors on edge. Despite recent dips, spot gold saw a slight uptick, while U.S. futures also edged higher. The ongoing conflict in the Gulf, including naval engagements and maritime blockades, continues to influence market sentiment.
Global markets remain cautious as Middle East tensions persist, impacting oil prices and investor sentiment. The yen steadied after suspected intervention, while the dollar strengthened on safe-haven demand. Investors await the Reserve Bank of Australia's policy decision, with a rate hike widely anticipated to combat inflation. The yen's future hinges on oil prices and conflict resolution.
US-Iran war: A senior Iranian military official said Islamic republic had ‘no pre-planned programme’ to attack UAE and blamed the military's “adventurism to create a passage for ships”for it
Nifty rebounded to 24,119 on Monday, driven by easing crude prices and improved risk sentiment, with geopolitical relief also contributing. Analysts anticipate a sustained upward trend, contingent on softer oil prices, strong domestic data, and political clarity post-state elections. The India VIX eased, indicating reduced market fear.
Oil prices saw a dip on Tuesday. This followed a significant rise after the U.S. Navy began operations to reopen the Strait of Hormuz. A U.S.-flagged vessel successfully exited the Gulf. This eased immediate supply disruption fears. However, Iran launched attacks in the Gulf. Several commercial vessels were struck. A key oil port in the UAE was set ablaze.
Markets closed with decent gains on Monday amidst volatile trading and mixed cues. Key sectors like banking and IT faced pressure, with crude oil prices remaining elevated, suggesting continued index consolidation. Tata Technologies reported a significant net loss for the March quarter, while L&T, M&M, and others are set to announce their Q4 results today.
Crude oil prices surged above $115 a barrel as the US and Iran exchanged fire, disrupting a ceasefire and raising concerns about escalating Middle East tensions. This renewed conflict threatens to inject volatility into markets, impacting energy prices, industrial activity, and geopolitical risk premia.
Jindal Stainless anticipates a 7-9% volume growth this fiscal, despite bracing for the West Asia crisis's impact on demand. The company plans to revise this target mid-year and expects to produce 2.75-2.80 million tonnes of stainless steel. Exports are projected to contribute about 10% of sales, with significant traction from Brazil, South Korea, Japan, and the Middle East.
Adani Cement is prioritizing increased utilization of its current facilities. The company will focus on optimizing existing capacities. Capital expenditure plans may be adjusted. The CEO indicated a potential shift in targets to FY30. This strategy aims to leverage existing assets effectively. Adani Cement currently has a production capacity of 109 million tonnes.
US Secret Service agents exchanged gunfire with an armed suspect near the Washington Monument on Monday, wounding him and injuring a teenage bystander, just nine days after a gunman targeted officials at the White House Correspondents' Dinner.
