Markets likely to look past geopolitics as oil risks remain contained, says Andrew Freris
Markets are increasingly accustomed to geopolitical shocks, with investors likely to overlook conflicts unless they significantly impact growth or inflation. While crude oil remains a key variable, strong US production and OPEC decisions are balancing supply. Investors are focused on US economic data and the Federal Reserve’s delayed interest rate cut outlook.
Omnitech Engineering to float Rs 583 cr IPO on Feb 25
Omnitech Engineering has announced its upcoming IPO, aiming to raise Rs 583 crore with a price band of Rs 216-227 per share. The precision component manufacturer’s share sale opens February 25, with funds earmarked for debt repayment and expansion. The company, serving global energy and industrial clients, is set to list on March 5.
Brokerage that nailed gold, silver bull run targets fresh record highs
Apurva Sheth of Samco Securities forecasts a continued bull market for gold and silver, projecting record highs driven by structural deficits and strong investment demand. He anticipates gold reaching $7,040 and silver $140-210 within three years, highlighting a potential shift in leadership from silver to gold.
Negative Breakout: These 10 stocks cross below their 200 DMAs
In the Nifty500 pack, the closing prices of 18 stocks fell below their 200-day moving averages (DMA) on February 19, according to StockEdge.com’s technical scan data. Of these, we have highlighted 10 stocks that slipped more than 2%. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price […]
Manilam Industries IPO: Check GMP, price band, subscription and other details
Manilam Industries India’s Rs 40 crore SME IPO opens for subscription on Friday. The issue closes on February 24. Listing is scheduled on the NSE SME platform on February 27. The company is engaged in manufacturing decorative laminates and trading plywood. Proceeds will fund capital expenditure, loan repayment, and working capital.
Crude shock for D-Street on fresh US-Iran tensions
Indian stock markets experienced a sharp decline on Thursday. This downturn was driven by escalating tensions between the US and Iran, which pushed Brent crude oil prices above $71 a barrel. The Indian economy’s reliance on oil imports makes it vulnerable to such price hikes. The Indian Rupee also weakened against the US Dollar.
Can MAS Financial sustain its outperformance on strong growth momentum?
MAS Financial Services (MFSL) has seen a 9% stock gain, outperforming its sector index, driven by double-digit disbursement growth and improving margins. The company aims for ₹1,00,000 crore AUM by 2036, with analysts maintaining a ‘buy’ rating and raising targets due to attractive valuations and strong growth prospects.
US Market | Big fund managers bet against Fed cut hopes
Some top money managers are disagreeing with market expectations for Federal Reserve interest rate cuts. They believe the US economy is strong and inflation may remain high. This view leads them to bet against US government bonds. They anticipate fewer rate reductions than the market is pricing in for later this year and into next […]
Global Market Today | Asian stocks fall, oil climbs with Iran in focus
Asian equities declined as escalating US-Iran tensions impacted market sentiment, while oil prices surged to their highest point since August. Markets reopened lower in Japan and Australia, with caution resurfacing due to fresh geopolitical risks. Stocks have not yet fully priced in these tensions, with expectations leaning towards a diplomatic resolution.
Shares of local oil explorers surge on supply disruption fears
Geopolitical tensions between the US and Iran, including joint naval drills and temporary Strait of Hormuz closures, have fueled concerns of oil supply disruptions. This led to a surge in crude prices, boosting shares of oil exploration companies like Oil India and ONGC, while impacting oil marketing firms.