Latest Stock Market News

Gold prices dipped on Monday, pressured by concerns that surging oil costs could stoke inflation further and prompt a more hawkish policy stance by major central ‌banks including ⁠the ⁠U.S. Federal Reserve, dulling the appeal of the non-yielding asset.

GSP Crop Science’s Rs 400 crore IPO opened for subscription and was subscribed 45% on Day 1. Qualified institutional buyers showed the strongest demand while retail participation remained subdued. The issue is priced between Rs 304 and Rs 320 per share and will remain open for bidding until March 18.

REC Limited announced a fourth interim dividend of Rs 3.20 per share, with the record date set for March 20. The dividend will be paid on or before April 14. This marks the company’s 45th dividend since 2008, with a 12-month equity payout of Rs 20 per share.

Gold prices fell sharply on MCX, dropping Rs 3,000 per 10 gram as investors turned cautious ahead of the US Federal Reserve policy meeting. Profit booking in global markets, rising oil prices and persistent geopolitical tensions in West Asia are keeping bullion volatile, prompting analysts to recommend a sell-on-rise trading strategy.

Sebi has cleared three companies, including Travelstack Tech backed by Anupam Mittal, to launch their IPOs. Tea Post and Learnfluence Education also received approval. Meanwhile, three companies have withdrawn their public issue plans, highlighting mixed sentiment in India’s primary market amid volatile equity market conditions.

Australian shares declined as weaker commodity prices impacted miners amid investor caution ahead of a potential central bank rate hike and ongoing Middle East tensions. The S&P/ASX 200 index closed lower, with financial stocks showing gains. Miners experienced significant drops, while energy stocks saw a rise.

Bitcoin and Ethereum are trading near $73,000 and $2,200 respectively, awaiting macro cues. The crypto market saw gains in the past 24 hours and week, with major altcoins also surging. Investor interest remains steady despite cautious sentiment, supported by institutional flows into U.S. spot Bitcoin ETFs.

Global markets face turbulence from geopolitical tensions and rising oil prices. Venugopal Garre advises investors to adopt a long-term perspective, building portfolios for the next 12 to 24 months. He suggests focusing on sectors that have fallen but are poised for a rebound.

Vodafone Idea shares rose ahrply on Monday after ET reported that JSW Group and ST Telemedia are exploring a potential stake in the telecom operator. The discussions are exploratory, following government-backed financial relief, as Vi seeks strategic investors to strengthen capital and reduce spectrum liabilities.

Global markets are drawing parallels to the 2022 Ukraine war turmoil as the Middle East conflict fuels energy-driven inflation fears. While oil prices surge and the dollar strengthens, mirroring past events, other assets like European gas and bonds show different reactions. Central banks are observing, not yet tightening policy, as volatility remains concentrated in energy.