Analysts expect trading to remain a low-key affair due to the shortened trading week
Down 20-16, Minnesota received a huge setback when Baker Mayfield got injured towards the end of the fourth quarter. Mayfield was tackled by Vikings linebacker Blake Cashman when he tried to throw the ball while on fourth down. Mayfield’s right hand made contact with Cashman when his pass was intercepted by Andrew Van Ginkel.
China has confirmed a two-month extension of the trade truce with the US following a recent summit. This extension aims to provide a stable policy environment for ongoing discussions and cooperation. Both countries can now assess the previous implementation of their economic arrangement established in October. The extension is expected to give room for advancing trade-related issues effectively. Active discussions are likely to continue, focusing on resolving economic matters.
Foreign Portfolio Investors have withdrawn significant funds from Indian equities, resulting in notable market losses. Meanwhile, domestic mutual fund inflows have provided some support, mitigating these losses. Sectoral performance has varied, with IT and FMCG experiencing declines amid external challenges. Valuations in India have cooled, making the market comparatively cheaper relative to global peers. Overall, the Indian market's resilience has been tested amid various economic pressures.
President Donald Trump is optimistic that the ongoing conflict with Iran will come to a swift conclusion. He indicated that the resolution could lead to a significant reduction in global oil prices. Trump also stated that both military action and economic sanctions are proving effective against Iran. Iranian Foreign Minister Seyyed Abbas Araghchi expressed readiness for a potential war and emphasized Tehran's willingness for diplomacy.
Ireland and Israel faced each other in a Nations League match in Hungary without pre-match handshakes. Irish players wore black armbands in response to the ongoing conflict in Gaza. Several players, including reserve goalkeeper Gavin Bazuno, expressed opposition to the situation, leading to his boycott of the games. The game witnessed limited attendance, with tiny groups of Israeli fans and local protesters present.
Orient Cables is aiming to raise ₹320 crore through a fresh equity issue and ₹232 crore via an offer for sale. The company has seen growth in revenue and profit but faces challenges with operating margins and customer concentration. Its promoter stake will decrease to 82.2% post-IPO from 100%. The company is also involved in a dispute concerning the usage of the 'ORIENT' brand name.
Germany experienced its first loss under coach Jurgen Klopp as Greece secured a surprise 1-0 victory. Dimitris Kourbelis scored the only goal in the second half, condemning Germany to defeat. The German team dominated possession yet struggled to create significant scoring opportunities throughout the match. Meanwhile, Portugal won against Norway despite Cristiano Ronaldo being benched for the game.
In an exciting week for investors, the market anticipates four major IPOs and 16 smaller SME IPOs, aiming to raise approximately ₹1,257 crore. Key players in the mainboard segment include Shah Investors Home, Srit India, Vishal Nirmiti, and Nityas Gems & Jewellery, all expected to make significant waves. With additional listings on the horizon from prior weeks, the IPO market remains vibrant and dynamic.
Iranian Foreign Minister Seyyed Abbas Araghchi stated that the country is ready for war against the US. He confirmed that Iran's proposal for a ceasefire was not formally acknowledged by Washington. US Ambassador to the United Nations Mike Waltz emphasized the rejection of Iran's proposal for financial assets access. Trump dismissed Iran's terms regarding the Strait of Hormuz, indicating ongoing tensions.
Lovely Professional University in Punjab has postponed mid-term examinations and suspended classes for 10 days. The decision was made due to ongoing violent protests over an alleged rape case involving a university student. Students are advised to return to their hometowns during this period or stay safe in their hostels. Authorities have registered an FIR against unknown individuals while the investigation is ongoing.