Market Bizzz

PropShare Celestia REIT is now open for investment. This offering provides a chance to invest in commercial real estate. The issue is for Rs 245 crore and closes on April 16. Investors can buy units priced between Rs 10 lakh and Rs 10.5 lakh. The funds will acquire a commercial property in Ahmedabad.

Oil prices rebounded Thursday after a significant drop, as uncertainty surrounding the Middle East ceasefire and Strait of Hormuz restrictions persisted. Despite hopes for de-escalation, ongoing regional tensions and attacks on oil infrastructure are expected to keep prices elevated and markets volatile.

Om Power Transmission’s Rs 150 crore IPO opened for subscription with a flat grey market premium, indicating cautious investor sentiment. The company, an EPC player in power transmission infrastructure, aims to use the proceeds for business expansion and balance sheet strengthening. Despite steady fundamentals and a strong order book, the IPO faces a subdued market appetite.

Brent Crude oil price: Oil prices plummeted below $100 a barrel following President Trump’s announcement of a two-week ceasefire with Iran, contingent on the safe reopening of the Strait of Hormuz. This development, averting a potential escalation, saw Brent crude fall to $94.43 and WTI to $96.82.

Veteran investor Ray Dalio warns global markets are underestimating prolonged conflict risks, citing interconnected geopolitical tensions and structural shifts. He suggests current events echo pre-war periods, potentially leading to elevated risk environments and weaker asset returns for longer than anticipated.

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

Indian companies rushed to the non-deliverable forwards market, trading over seven billion dollars on March 30. This surge followed Reserve Bank of India curbs on banks. Companies exploited arbitrage opportunities by buying dollars onshore and selling them in the NDF market. The Reserve Bank has since intensified measures, helping the rupee recover.

Oil prices surged as President Trump issued a stern warning to Iran regarding the Strait of Hormuz. Tehran rejected a ceasefire, insisting on a permanent end to the war, while supply disruptions from Russia and potential further escalation in the Middle East are keeping crude prices elevated.

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

Six Nifty 500 stocks that gained over 4% on April 2 appeared in the RSI Trending Up scan, with their RSI crossing above 50 from lower levels. The trend signals strengthening price momentum, which traders often monitor to identify improving sentiment and potential short-term buying opportunities in select counters.