Tag: markets

Digikore Studios, an Indian VFX company, is preparing to go global with an IPO on NSE EMERGE. Digikore plans to use the IPO proceeds to expand its operations in North America. Despite early setbacks, Digikore has emerged as a leading VFX company with over 400 employees. The company plans to expand its North American operations, but the bulk of the work will continue to be done from India. Digikore's success is a testament to the talent and creativity of Indian VFX artists.

The recent rally in PSU bank stocks is being driven by a number of positive factors, including strong credit growth, relatively lower valuations, and commendable work on the asset quality front. Analysts remain positive on the outlook for PSU bank stocks, expecting further gains in the coming months.

Oil prices rose to a 10-month high on Friday, supported by China's move to boost its economy and expectations that major global interest rate hike cycles were nearing their end.

Oil prices rose on Wednesday as expectations of tighter global supply outweighed concerns of slower demand in some countries. OPEC+ producers are expected to keep output cuts in place, while Libya's oil exports have been disrupted by a storm. Demand for oil could slow in China, but overall, oil prices are expected to remain volatile in the near term.

The European Central Bank is facing a tough decision on whether to hike interest rates amid mounting recession risks. The ECB has raised rates by 0.75 percentage points since July last year, but the war in Ukraine and rising energy prices are putting renewed upward pressure on inflation. The ECB is likely to pause its rate-hiking cycle at this week's meeting, but it will keep the door open for further tightening in the future if inflation continues to rise.

HFCL, a leading manufacturer of optical fiber cables, has received an order worth nearly Rs 83 crore from a telecom player. The company needs to fulfill the order by November of this year. The order is a positive sign for HFCL and its investors, as it indicates that the market is confident in the company's ability to deliver on its orders and grow its business in the future.

Oil prices edged lower in early Asian trade on Monday, but stayed above $90 a barrel, supported by tightening supplies after Saudi Arabia and Russia extended supply cuts. However, concerns about the economic outlook in China, the world's biggest oil importer, weighed on sentiment. The International Energy Agency and the Organization of the Petroleum Exporting Countries (OPEC) are due to release their monthly reports this week, which could provide more clarity on the outlook for oil demand.