News Overview

The price band for the offering is set between ₹10 to ₹11 per share, with bids accepted in multiples of 1,298 equity shares and a minimum bid limit of 1,298 shares.

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.

According to data from the Energy Information Administration last week, U.S. oil stockpiles increased by 2.7 million barrels.

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.

Bulk of the fresh flows into stocks in March 2024 were led by the mainboard IPOs.

While MF were net sellers in debt, there were some smart equity accumulation stories too.

FPIs were net sellers of $2.23 Billion this week, as the global geopolitical situation deteriorated.

The week saw the markets gradually shifting towards just one rate cut expectation for 2024.

The message for the week was that rate cuts are ruled out for the time being.