In India, petrol and diesel pricing is influenced by factors such as freight charges, value-added tax (VAT), and local taxes.
FPIs were net sellers of $2.23 Billion this week, as the global geopolitical situation deteriorated.
While MF were net sellers in debt, there were some smart equity accumulation stories too.
The message for the week was that rate cuts are ruled out for the time being.
According to data from the Energy Information Administration last week, U.S. oil stockpiles increased by 2.7 million barrels.
Bulk of the fresh flows into stocks in March 2024 were led by the mainboard IPOs.
Comparison The yield on the 10-year U.S. Treasury increased slightly, closing at 4.6475%, which decreased investors' desire for non-yielding metal.
The European Central Bank (ECB) and Bank of England (BoE) are still expected to begin rate cuts by the middle of the year.
The week saw the markets gradually shifting towards just one rate cut expectation for 2024.
Shares of Yes Bank gained in early trade on April 22 after the company received a tax refund order of ₹284.21 crore for the assessment years 2011-12 to 2013-14.
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