Stock Market Holiday: Are NSE, BSE open or closed today on March 4?
Indian stock markets, NSE and BSE, resumed normal trading on Wednesday, March 4, following the Holi holiday observed on March 3. This comes amidst heightened geopolitical tensions in the Middle East, which have unsettled global markets and led to a surge in crude oil prices, impacting Indian equities.
Global Market Today | Asian stocks extend slide to third day, oil gains
Asian stocks extended their slide as the war in Iran threatens global inflation and prompts traders to pare bets on Federal Reserve interest-rate cuts. Oil prices edged up amid concerns over shipping through the Strait of Hormuz, while gold rebounded. Markets are reacting to escalating regional tensions and potential supply disruptions.
Will Sedemac’s IPO deliver long term growth for high-risk investors?
Auto components firm Sedemac Mechatronics is set to raise ₹1,087.5 crore via an offer for sale, with its promoter stake slightly decreasing. The company, specializing in electronic control units, has shown strong revenue and profit growth. However, significant customer concentration, with nearly 75% of revenue from TVS Motor Company, presents a key risk for investors.
As safe-haven gold surges again, loan demand to also shoot up
Gold loan companies expect a significant increase in demand. Record gold prices, fueled by geopolitical tensions, are driving this trend. MSMEs and individuals are likely to seek quick, collateral-backed loans. This will help manage inventory, operational expenses, and cash flow. Rising gold prices enhance borrowing capacity. Gold loans are a growing retail loan category.
Global sell-off signals weak start, but Nifty is ‘oversold’
Indian stocks are poised for a weak opening, mirroring Asian markets amid ongoing US-Israeli attacks on Iran. The Nifty has breached key technical supports, with analysts identifying crucial zones between 24,600 and 24,300. Experts advise capitalizing on dips for long-term portfolio building, anticipating market stabilization once geopolitical anxieties subside.