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Analysts of IIFL Capital Services see incremental demand support from Nagarnar steel plant ramp-up and commissioning of JSTL’s M5tpa Vijaynagar expansion by end FY24.

Over last three years, SRIN has cumulatively generated gross operating cashflows of Rs9.3bn

The price of Brent crude futures had increased by 16 cents to $96.71. WTI crude oil futures in the US increased by 20 cents to $93.88

Moreover, analysts of IIFL Capital Services expect HUL volume growth to improve to ~7-8% vs ~3-4% currently in the next two quarters, which will spur the stock price.

Later on Thursday, Fed Chair Jerome Powell is slated to speak, providing the markets with additional hints about the direction that U.S. monetary policy may take.

Spot gold increased by 0.1% to $1,876.89 per ounce after falling 1.4% on Wednesday, its worst daily loss in two months. To $1,894.20, U.S. gold futures increased by 0.17%.

The IPO was subscribed approximately 1.7 times, with the issue price set at Rs 142.

Plaza Wires is set to initiate its initial public offering today, featuring a price range of Rs 51-54 per share.

Plaza Wires, headquartered in Delhi, has announced its IPO pricing strategy, with a price band set at Rs 51-54 per share.

Rupee ends at 83.19/$ against Wednesday’s close of 83.22/$