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Balaji Phosphates will debut on the NSE SME platform, raising approximately Rs 50 crore through the IPO. The company specializes in the production of fertilizers like SSP, NPK granulated, mixed fertilizers, and Zinc Sulphate, all adhering to Indian standards to enhance plant growth and address soil deficiencies.

Knowledge Realty Trust, a joint venture of Sattva Group and Blackstone, filed for India s largest REIT IPO worth Rs 6200 crore. Owning 48 million sq ft in 6 cities, it s the top geographically diverse office REIT in India. Blackstone holds 55% with Sattva at 45%. Bank of America and Morgan Stanley are among the book runners.

Gold prices dipped slightly on Friday but are set for a weekly gain amid uncertainties surrounding U.S. President Trump s tariff decisions. Investors await key U.S. non-farm payrolls data. Bullion is up 1.6% this week, while U.S. jobless claims fell more than anticipated, indicating a stable labor market. Spotlight also on the Federal Reserve s rate decisions.

Wall Street stocks fell on Thursday amid escalating uncertainty regarding U.S. trade policies. President Trump s shifting tariff exemptions contributed to investor confusion, significantly impacting various sectors. The Nasdaq entered a correction phase, and the CBOE Volatility Index reached its highest level since December.

President Trump has signed an executive order creating a strategic Bitcoin reserve and a stockpile of other digital assets, using Bitcoin already owned and forfeited by the federal government. This move does not involve spending taxpayer money, and the reserve will not acquire additional assets beyond those obtained through forfeiture proceedings.

Attendees at Friday s White House crypto summit expect the event to serve as a stage for Trump to formally announce his plans to build a strategic reserve containing bitcoin and four other cryptocurrencies. Earlier this week, Trump announced the names of five digital assets he expects to include in this reserve, spiking the market value of each. The five are bitcoin, ether, XRP, solana and cardano, the president said.

Federal Reserve Governor Christopher Waller opposes a rate cut at the upcoming policy meeting. He suggests future cuts are possible if inflation pressures decrease. Waller wants more data, especially on inflation and tariffs, before making a decision. Financial markets expect a possible rate cut by June amid rising concerns over the economic outlook.

The U.S. dollar remains near a four-month low due to uncertainty surrounding shifting tariff policies and concerns about economic growth prospects. Investors await U.S. jobs data for further insights. The euro continues its upward trend, boosted by rising European bond yields, while predictions suggest the Federal Reserve may cut interest rates further.

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