IDBI Bank shares in focus after sources say disinvestment move may not proceed

The Centre currently holds a 45.48% stake in IDBI Bank, while Life Insurance Corporation of India (LIC) owns another 49.24%.

The Centre currently holds a 45.48% stake in IDBI Bank, while Life Insurance Corporation of India (LIC) owns another 49.24%.

The International Energy Agency said that the supply of emergency barrels from reserves of Asian member countries will begin immediately, while those from the Europe and Americas will begin by the end of March.

According to the BofA analyst, the bigger risk to US stocks comes from earnings, due to the rising oil prices and tightening financial conditions, and not inflation.

The Aditya Birla Group-owned metals producer declared force majeure to all of its extruded aluminium customers on March 11, the notice showed.

The Haryana-based company’s public offer will comprise a fresh issue of equity shares entirely, with no offer-for-sale (OFS) component.

But selling may not be the biggest concern right now. The bigger problem could be the lack of buyers. A brokerage report says markets may be entering a “no-buyer phase”, often the stage before the final shake-out of a correction.

Stocks still have a long way to go before selling pressure stemming from the Middle East conflict subsides, according to Wolfe Research.

Stephen Weiss, chief investment officer at Short Hills Capital Partners, says this is not the time to be trading the market.

Investors will be awaiting developments with Nvidia and the Middle East as the war against Iran by the U.S. and Israel faces a third week.

Jeff Kilburg breaks down this SPY options trade.