The US Federal Reserve held interest rates steady, balancing moderating economic growth with rising geopolitical tensions and persistent inflation concerns. Indian markets reacted positively, extending gains as the Fed's decision was largely anticipated, with analysts expecting a neutral impact on equities.
Central Mine Planning and Design Institute (CMPDIL) has raised Rs 470 crore from anchor investors, including LIC and several mutual funds, ahead of its Rs 1,842-crore IPO. The initial share sale, an offer for sale by Coal India, opens for public subscription on March 20 with a price band of Rs 163-Rs 172 per share.
Cryptocurrency exchange Kraken has put its multibillion-dollar initial public offering plan on hold, CoinDesk reported on Wednesday, citing two people with knowledge of the matter
Microsoft is considering legal action against its partner OpenAI and Amazon over a $50 billion deal that could violate its exclusive cloud agreement with the ChatGPT maker, the Financial Times reported on Wednesday.
Indian markets rallied for a third day, led by auto, IT and financial stocks, while easing volatility supported sentiment. Technical indicators signal bullish momentum, with analysts projecting further upside amid global mixed cues and advising cautious, stock-specific strategies.
Nifty rose sharply for a third session, driven by auto, IT and consumer stocks. Technical indicators signal bullish momentum, with analysts projecting upside towards 24,250 and support at 23,500, alongside breakout patterns strengthening sentiment.
Ace investor Ashish Kacholia exited BEW Engineering entirely through a bulk deal, amid prolonged stock underperformance and declining prices, raising concerns about the company’s near-term outlook despite its niche presence in pharmaceutical equipment manufacturing and past listing gains.
Investors await Powell’s signals as the Federal Reserve weighs rates steady amid US-Israeli strikes on Iran, balancing persistent inflation against slowing growth risks, with new projections and policy language expected to reflect geopolitical uncertainty, labor market shifts, and rate cuts.
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