Market Bizzz

Asian equities steady as investors await economic data. China’s currency gains, US futures stable. Treasuries, bond yields show little change. Premier addresses economy concerns. Yen strengthens, dollar weakens. Global inflation data monitored.

​The week ahead is expected to be action-packed for Dalal Street investors despite being a truncated one ofonly 3 working days, as all eyes will be on the launch of the ‘T+0’ settlement cycle by exchanges.

The investment is being made through Maruti Suzuki Innovation Fund, an initiative to undertake strategic investments in startups exhibiting high levels of technological innovation, the auto major said in a statement.

The move of the Norway-based Norges Bank provided a shot in the arm of ICICI Securities’ plan to delist itself as it needs two-thirds of the public shareholders’ support to pass the resolution.

Selling by the big bulls restrained the upside in benchmark indices, as the BSE Sensex clocked just 0.3% gains. However, FPIs turned net buyers in March after being net sellers in both January and February

Nike shares fell 8% as it plans to focus on trendier sneakers, while Lululemon Athletica dropped 17% due to declining demand for premium athleisure. Both companies face challenges amidst reduced customer spending.

U.S. Treasury yields decreased on Friday as traders anticipated Fed rate cuts in June, with 10-year note yields at 4.212%. Weak corporate earnings reports and market expectations drove the decline, despite recent inflation data exceeding forecasts.

Creative Graphics Solutions India Ltd’s Rs 54.4-crore IPO opens on March 28 with a price band of Rs 80-85 per share. After the completion of the Initial Public Offering (IPO), shares of the company will be listed on the NSE’s Emerge — a platform for small and medium enterprises. The company specializes in manufacturing flexographic printing plates and serves customers across various countries.