Market Bizzz

Srinibas Pradhan Constructions is set to list on the NSE SME platform on March 13 with muted grey market signals, indicating a potential debut near its issue price of Rs 98. The Rs 20 crore IPO saw moderate subscription, with NIIs and QIBs showing interest, while retail participation was subdued.

Global markets are on edge as oil prices surge, nearing $100 a barrel. This spike fuels inflation fears, prompting central banks to consider aggressive interest rate hikes. The U.S. dollar is strengthening as investors seek safety. Tensions in the Strait of Hormuz add to market volatility. Economists warn of slower global growth. Cryptocurrencies are also experiencing a downturn.

Oil prices surged over 7% to near $100 per barrel despite the International Energy Agency announcing its largest-ever coordinated release of emergency reserves. Traders remain skeptical that the 400-million-barrel stockpile drawdown will offset supply risks from the escalating Middle East conflict, particularly if disruptions persist in the Strait of Hormuz, a key global oil transit route.

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

The initial public offering of SoftBank’s PayPay ​is likely to price around the low end of its marketing range as war in the Middle East roil markets, said ‌two people ⁠familiar ⁠with the matter.

Oracle on Tuesday predicted that the AI ​data center boom will power its revenue above Wall Street estimates ​well into 2027, sending its shares up 8% in extended trading.

India’s central bank is stepping up its market interventions. Rising crude oil prices are fueling inflation concerns and pressuring government finances. The Reserve Bank of India is buying dollars to support the rupee and bonds to manage borrowing costs. Analysts expect these actions to continue as the geopolitical situation unfolds.

Individuals and domestic mutual funds together now hold about 36 per cent of the free float market capitalisation of Nifty 50 companies, said SEBI Chairman Tuhin Kanta Pandey, addressing the 30th anniversary of Nifty 50 at the National Stock Exchange (NSE).

Aluminium prices retreated on Tuesday as investors cashed in profits following U.S. President Donald Trump’s pledge for a swift end to the Middle East conflict. This eased supply concerns, leading to a significant drop in both Shanghai and London Metal Exchange contracts. Despite the current dip, analysts note aluminium remains vulnerable to renewed price surges on any regional supply shock.