Market Bizzz

Shriram Pistons and Rings raised Rs 1,000 crore via 18- and 24-month NCDs from mutual funds to partly finance its Rs 1,670-crore acquisition of Grupo Antolin’s India entities. The deal diversifies SPRL into automotive interiors, reducing EV transition risks and strengthening its business profile.

Gold prices remained stable as investors assessed U.S.-Iran nuclear talks, while a strong dollar pressured the yellow metal. Despite slight increases in jobless claims, the labor market appears steady. Markets anticipate Federal Reserve rate cuts, though economic optimism could temper this outlook.

Global currency markets saw the Australian dollar surge on hawkish central bank expectations, while the Japanese yen weakened due to political interference in monetary policy. Shifting interest rate outlooks dominated currency movements this month, with investors now focused on which central banks will lead in rate hikes, not cuts.

Acetech E-Commerce’s Rs 49 crore IPO opens February 27, priced at Rs 106-112, closing March 4. The company, involved in dropshipping and teleshopping, aims to use proceeds for marketing, working capital, and acquisitions. With a flat grey market premium, investor response will be key for its March 9 NSE SME debut.

Tokyo’s Nikkei index soared past 59,000 for the first time on Thursday, shattering its previous record. This surge was fueled by diminishing hopes of an immediate Bank of Japan interest rate hike and impressive performance from chip giant Nvidia. The benchmark Nikkei 225 saw a significant 1.2% jump, reflecting strong market sentiment.

Oil prices are near seven-month highs as markets weigh U.S.-Iran talks against potential supply disruptions. While diplomatic efforts continue, military posturing in the Middle East keeps tensions high. However, a significant build-up in U.S. crude inventories is tempering further price surges, creating a complex market outlook.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Yaap Digital’s Rs 80.11 crore IPO opens today, with a price band of Rs 138-145 per share. Backed by prominent investors Mukul Agrawal and Sunil Singhania, the company aims to fund acquisitions and expand its AI-driven marketing services. The issue closes on February 27, with listing on NSE SME platform scheduled for March 5.

Omnitech Engineering’s IPO opens today. The precision engineering firm aims to raise Rs 583 crore. The issue is priced between Rs 216 and Rs 227 per share. The company specializes in high-precision components and automation solutions. Financial performance shows strong growth in FY25. The IPO offers a chance to invest in a growing manufacturing player.