Domestic equity benchmark indices recorded their biggest two-week winning streak in the last five months amid the election rally gripping the pulse on D-Street. Nifty 50 and Sensex reclaimed their record highs and gained around two per cent this week logging their best week in three months. Analysts say that […]
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According to a report by PTI, speculators trimmed their holdings on Friday, causing the price of gold to drop by ₹39 to ₹71,538 per 10 grams in futures trade. With a trading volume of 7,184 lots, gold futures for June delivery on the MCX closed down by ₹39 at ₹71,538 […]
Gold will be able to sustain at higher levels only if the US Federal Reserve cuts rates and the US dollar starts declining against currency majors, said brokerage house Emkay in a recent note. “Gold prices moved up from the $2,050 base, where it was hovering around for a long […]
Over the past month, the Indian market has been dilly-dallying around the ground of the all-time range. Nifty50 is trading within a broad range of 1000 points, between 21,800 to 22,800. Although the market lacks a clear direction, it shows a positive trend as there has been no loss in […]
Gold rate on Multi Commodity Exchange (MCX) rose and Silver price jumped above 91,100 level tracking gains in international bullion prices amid interest rate cut hopes. MCX gold rate rose 0.05%, or by ₹39, to ₹73,750 per 10 grams on Friday. The yellow metal made a high of ₹73,782 and […]
Asian markets traded lower after key economic data from China and reports that US President Joe Biden plans to hike tariffs on some goods from the world’s second-largest economy. This week, investors will watch out for key stock market triggers including the ongoing Q4 results, India’s retail inflation data, domestic […]
He advised buying gold as long as prices maintain above ₹68,500 per 10gms, targeting an initial upside of ₹74,000 per 10gms, followed by ₹78,000 per 10gms levels. Conversely, a decisive break below the previous swing low of ₹65,200 per 10gms could disrupt the trend, potentially leading gold to retest the […]
On the other hand, the domestic institutional investors (DIIs) were net buyers and invested ₹16,700.19 crore. However, the continued domestic inflows has not been aggressive enough due to uncertainty surrounding election outcome and could not counterbalanced any of the outflows by foreign investors. Also Read: Share market today: Sensex cracks […]
Asian markets traded mixed while the US stock market also ended on a mixed note overnight amid lack of fresh triggers. Gains in US dollar and treasury yields weighed on the equities. On Wednesday, the Indian stock market benchmark indices ended choppy session on a flat note amid cautious market […]
Ahead of the auspicious Akshaya Tritiya, silver is shining bright among other precious metals in the commodity market and is likely to outperform gold in the longer period, according to domestic brokerage house Motilal Oswal Financial Services Limited. According to recent data, gold and silver have experienced notable year-to-date (YTD) […]