Explainer: What are meme coins and should you add them in your portfolio?
Rupee expected to regain its lost ground against Dollar in April: BS Poll
Adani Ports set to buy 95% of Odisha’s Gopalpur Port for $162 million
Hong Kong regains fourth-largest market spot after rout in Indian equities
Fundraising through SME IPOs hit a new high in FY24, Rs 5,579 crore raised
Oil prices extend upward momentum on expectations of tighter supply
>> Brent crude rose 23 cents to $86.98 a barrel. US crude futures climbed 28 cents to $82.23.
Stocks to watch: UltraTech, Mankind Pharma, RIL, RVNL, Lupin
UltraTech Cement: The company has added 1 million metric tonnes per annum (MTPA) of brownfield cement capacity at its Uttarakhand unit, bringing the total unit capacity to 2.1 MTPA.
Nifty50, Nifty Financial, PSB indices: Check key levels for trading action
Traders are advised to closely monitor the price action and await a breakout from this range to determine potential trading opportunities. Confirmation of a breakout above or below the range can guide traders in establishing positions aligned with the prevailing market direction. READ MORE
ALERT :: Gift Nifty futures hint at tepid start
>> At 8:25 AM, the index was at 22,112 levels, down 53 points
South Korea consumer sentiment drops on worries about food inflation
>> The consumer sentiment index fell to 100.7 in March from 101.9 in February, posting the biggest monthly drop since October, in the Bank of Korea’s monthly survey of consumers.
Source: Reuters
ALERT :: Japan says it won’t rule out any steps to stem weak yen
>> This in turn could hurt the economy, the minister said, reinforcing Tokyo’s focus on the velocity of market moves, rather than on specific currency levels.
>> Early on Tuesday, the dollar was off slightly against the yen , fetching 151.26 and facing great resistance near the 152 level due to the threat of intervention from Japanese authorities.
>> The greenback is up about 7% on the yen since the start of the year.
Source: Reuters
Market Foresight :: UBS predicts the S&P 500 will end 2024 around current levels
>> ‘Our base-case scenario is for a soft landing in the US, in which economic growth moderates, inflation recedes further, and interest rates fall,’ the bank wrote. ‘We expect this to create a supportive backdrop for equity markets. However, we think a lot of good news is already priced in at the index level.’
Source: CNBC
ALERT :: China pushes banks to fast-track loans to private developers, says report
>> The banking regulator wants faster loan approvals for residential projects under the “whitelist” mechanism, with effect from last week, Reuters said.
>> The so-called ‘whitelist’ mechanism covers projects of state-backed and private developers that need fresh financing of 1.5 trillion yuan ($207.51 billion).
Source: Reuters