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.
In India, petrol and diesel pricing is influenced by factors such as freight charges, value-added tax (VAT), and local taxes.
The IPO comprises a combination of fresh equity shares valued at ₹500 Crore and an offer-for-sale (OFS) of shares worth ₹300 Crore by the promoters.
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