The U.S. Treasury rates, which the dollar/yen pair usually tracks closely, surged during the previous session.
In stainless steel, longs capacity at Indore will expand to 220kt by FY26 while Sambalpur would see a new 500kt flats capacity (incl 200kt CR) by FY27.
March 2024 saw a shift back to passive funds, but their returns have been quite phenomenal.
We bring you our monthly check on mutual fund flows.
Analysts of IIFL Capital Services recommend to stay selective with firms providing better visibility (INFO/PSYS), while avoiding turnaround trades (TECHM/WPRO).
Minutes of the Fed March 2024 meeting remains unsure of timing of rate cuts.
The 22.04% yoy growth in mutual fund folios in March 2024, tops the year with a record performance.
Spot gold was up 0.6% at $2,386.38 an ounce. Earlier in the session, the price of gold reached a record high of 2,389.29.
Net outflows in March 2024 were expected due to the year-end treasury adjustments in liquid funds.
U.S. West Texas Intermediate crude futures increased by 44 cents, or 0.51%, to $85.45, while Brent crude futures increased by 34 cents, or 0.38%, to $90.08 a barrel.

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