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Global Surfaces will be open for subscription on Monday to raise funds through an initial public offering. The company will raise Rs 155 crore at the upper price band of the issue. The shares of the company will be listed on both NSE and BSE. The company will be offering 1,10,70,000 equity through the initial public offering through the book-building process.

The market is likely to rebound by the end of the week. Geojit Financial Services chief market strategist Anad James said that five stocks from the Nifty50 index which together weigh a little over 20% in the index, have gone below their respective lows of the day when Nifty hit its recent low. James also said that inflation readings from both India as well as the US will assume high importance.

Gold prices rebounded sharply on Thursday, after the weekly jobless claims came higher than anticipation, softening the expectations ahead of the non-farm payrolls on Friday. Data showed that the weekly jobless claims jumped by 21,000 from the previous week to 211,000 in the week ended 4th March, the most since December 2022 and well above market expectations of 195,000.

Nirav Karkera, Head of Research at Fisdom, said that gold, as an asset class, is known to effectively align returns with inflation. The same deems it to be an important asset class today, especially for long-term retail investors.

Investors and traders reacted to the recent statement by US Fed Chair Jerome Powell regarding potential interest rate hikes, resulting in sell-offs and increased concerns over aggressive interest rate policies. However, the decline in the crypto market may also be attributed to uncertainties surrounding Silvergate Bank broadly this week

The CEO of Avendus Capital Public Markets Alternate Strategies LLP, Andrew Holland, says that there is nothing to worry about in the banking sector at the moment, and that the fall in US equity markets and the kind of bearing and linkage it may have or the cascading impact on Indian banks per se is just a sentiment. He also says that it depends on the time horizon one has when it comes to buying into expensive consumer staple stocks.

The second-largest stablecoin fell from its intended $1 peg, trading as low as 81.5 cents as investors reacted to the exposure of issuer Circle Internet Financial Ltd. to the collapsed bank.

The result has been increasingly wild moves across the spectrum of asset classes, swings that may persist over another news-packed stretch.

Systematix Shares strategy head says that earnings estimates are starting to be revised on the downside, interest costs are rising, and profits are declining. In fact, profits have also contracted both at the operating profit levels and also at the net profit level. There may be more corrections going ahead. It is better for investors wait before buying into any diagnostic stocks.

​The bank had a negative cash balance of $958 million at the close of business on March 9