News Overview

The broader market outperformed the benchmark indices, with the BSE SmallCap index gaining 0.91% and the BSE MidCap index rising 0.46%.

Awfis Space Solutions' IPO includes a fresh issue of ₹160 Crore and an offer-for-sale of up to 10.02 million shares by existing shareholders and promoters.

The project encompasses both the supply and service aspects for its development on a turnkey basis and is expected to be completed within the financial year 2024-25.

The company plans to utilize the net proceeds from the issue to finance its working capital requirements and general corporate purposes.

Earlier reports from Reuters had highlighted SEBI's findings of rule violations by listed entities and breaches of offshore fund holdings limits in August last year.

In FY24, Jio witnessed a substantial 12% annual growth in net profit, reaching ₹21,423 Crore, compared to ₹19,124 Crore in FY23.

NSE stated that derivative contracts of these securities crossed the 95% MWPL, necessitating the ban

As the yen approached the 155.00 mark, traders remained vigilant, considering it a critical threshold for potential Japanese government intervention.

A preliminary Reuters survey of analysts indicates an expected growth in U.S. crude oil stocks last week, while stockpiles of refined products are likely to have decreased.

Last week, officials, such as US Federal Reserve Chair Jerome Powell, retreated from offering any forecast for the timing of interest rate reductions, stating instead that monetary policy must remain tight for an extended period of time. Having non-yielding gold becomes less appealing when interest rates rise.