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The consultancy arm of Coal India, Central Mine Planning and Design Institute (CMPDI), will open its IPO on March 20. The offer for sale of 10.71 crore shares will list on BSE and NSE, with 50% reserved for QIBs and 35% for retail investors. As the issue is entirely an OFS, CMPDI will not receive any proceeds from the offer, and the funds raised will go to the selling shareholders.
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Metal stocks, including NALCO and Hindustan Copper fell sharply on Friday as a surging US Dollar Index and ongoing IranIsrael/US conflict dented demand. Analysts advise caution, noting that global commodity prices and infrastructure trends will shape near-term metal sector performance.
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News and Media
Indian equities are suffering their worst month since the Covid crash as the Iran war, $100 crude and heavy FII selling hammer sentiment. Despite the slide, fund houses like Bajaj Finserv AMC and Axis Mutual Fund say strong earnings and resilient fundamentals in India may steady markets once geopolitics stabilise.
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News and Media
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