Singularity AMC s second PE fund, Singularity Growth Opportunities Fund II, is oversubscribed at Rs 1800 crore, exceeding its initial target. Since its launch, the fund has invested in eight high-growth companies across sectors like energy transition, healthcare, and consumer.

Gold prices increased by Rs 235 to Rs 90,685 per 10 grams on Wednesday. Firm global trends and retailer buying after recent losses influenced this recovery. Silver prices also rose by Rs 1,500 to Rs 1,01,500 per kg. Market participants are watching key macroeconomic data and developments in the Russia-Ukraine situation for further insights.

Green Portfolio has launched an Alternative Investment Fund targeting Rs 300 crore, with over 50 per cent commitments already secured. The category III fund will invest primarily in listed equities and offer pre-IPO, private market opportunities. Co-Founder Divam Sharma aims to scale AIF assets to Rs 1,000 crore, highlighting the industry’s expansion as investors seek structured opportunities.

India s Reliance Industries, operating the largest refining complex globally, will stop importing Venezuelan oil due to a new 25% U.S. tariff on countries purchasing crude from Venezuela. Reliance, which imports about 2 million barrels monthly, might still receive an April cargo. The tariff threat has already slowed Venezuelan heavy crude loading at main ports.

Kotak Alternate Asset Managers has invested Rs 1,050 crore in Tirupati Medicare to support its expansion and provide a complete exit for Affirma Capital. Tirupati, a leading player in the nutraceutical contract manufacturing space, is set for significant domestic growth and plans to enter the export market. The focus is on innovation, excellence, and executing inorganic growth opportunities.

The Sensex and Nifty ended lower after a seven-day rally. Siemens, ZF Commercial, HEG, and HAL gained, while Cholamandalam Financial and KFin Technologies declined amid market caution.

ATC Energies System s SME IPO reached 73% subscription by Day 2, aiming to raise ₹63.76 crore. Retail demand was strong, while QIBs subscribed 76%. The stock’s GMP stood at ₹21, reflecting a 17.8% premium over its upper price band.

Bharat Dynamics shares surged over 3% after securing a ₹4,362 crore defence contract. The stock has risen 30% in a month, trading above key SMAs, though in an overbought zone. Other defence stocks also gained, while financials and IT lagged.

Sushant Bhansali, CEO of Ambit Asset Management, notes that quarter-ending adjustments and lower valuations are driving the current FII buying in Indian markets. Strong economic fundamentals and improved earnings stabilize expectations. The impact of US tariffs remains uncertain, but India is poised to benefit from strategic trade relationships. The banking sector still holds potential for growth.

Laxmi Dental’s stock, which debuted with a 27% premium, has fallen below its IPO price. Nuvama initiated coverage with a ‘buy’ rating and a Rs 570 target, citing its dominant market position, integrated portfolio, and strong growth potential.