News Overview

The deal expires on April 22. The company stated in an exchange filing that the anchor bids will be accepted on April 16.

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.

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.

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.

The U.S. Treasury rates, which the dollar/yen pair usually tracks closely, surged during the previous session.

Analysts of IIFL Capital Services recommend to stay selective with firms providing better visibility (INFO/PSYS), while avoiding turnaround trades (TECHM/WPRO).

March 2024 saw a shift back to passive funds, but their returns have been quite phenomenal.

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.

We bring you our monthly check on mutual fund flows.