News Overview

Petrol and Diesel prices in cities across India on 21-03-2024

Despite the ban in the F&O segment, these stocks remain available for trading in the cash market.

The dollar index remained steady at 103.23, following a decline of over 0.5% in the previous session. Attention shifted to the Bank of England's rate decision later in the day, with expectations of the central bank maintaining rates unchanged despite a slowdown in British inflation in February.

Here is a quick look at what SBI Mutual Fund, ICICI Pru MF and HDFC MF traded in February 2024.

It was a month of active churn across large caps, mid-caps, and small caps in February 2024.

Market sentiment regarding the Fed's monetary policy stance shifted, with Fed funds futures traders now pricing in a 75% likelihood of rate cuts commencing in June, up from 59% on Tuesday, according to the CME Group's FedWatch Tool. Concurrently, the dollar depreciated to a one-week low against its counterparts, while benchmark U.S. 10-year Treasury yields exhibited a decline.

The IPO comprised a combination of fresh shares worth ₹175 Crore and an offer-for-sale (OFS) of 17.5 lakh shares worth ₹125.13 Crore by promoter Krystal Family Holdings. Priced in the range of ₹680-715 per share, the proceeds from the fresh issue will primarily be allocated towards working capital requirements (Rs 100 Crore), debt repayment (₹10 Crore), and purchase of new machinery (₹10 Crore). The remaining funds will be utilized for general corporate purposes.

However, ongoing worries about global oil supplies due to the war in Ukraine continue to support prices. Attacks by Ukrainian drones targeted Russian refineries, taking out a significant portion of the country's processing capacity. This disruption, combined with production cuts from OPEC (Organization of the Petroleum Exporting Countries), could tighten the market.

On Thursday, Asian markets rebounded, while gold prices and Japan's Nikkei soared to new highs.

Here are some of the stocks that may see significant price movement today.