As the festive season unfolds with Diwali, Dhanteras, and Govatsa Dwadashi, gold and silver prices are scaling new heights. The price of 24-carat gold is approaching the Rs 80,000 per 10 grams mark, largely driven by the traditional increase in demand during this period. Purchasing gold around the festivities is common, serving both as an
Concerns over risks to earnings growth, weak consumption, global conflicts and foreign funds moving money to China have left money managers and market mavens cautious. Returns in Samvat 2081, they believe, will be modest. Andrew Holland, CEO of Avendus Capital Alternate Strategies, for instance, has tempered his expectations. Returns from the benchmark indices, Holland estimates
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Monday. Here’s a look at the key stocks to watch in trade. GIFT Nifty ended down by 61 points or 0.25% at 24,149 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex
Interview: Nilesh Shah, managing director, Kotak Mahindra AMC. After a dream run, the benchmark indices have started moving downwards from September due to earnings disappointment and geopolitical uncertainties. However, Nilesh Shah, managing director, Kotak Mahindra AMC, believes that this is a healthy consolidation. He tells Joydeep Ghosh that foreign portfolio investors (FPI) will make a
After a sharp correction from recent highs, the Nifty 50 index may have one more bounce left before it might head towards 23,350 points, according to technical charts. The over 2,000-point fall from its peak has pushed the index into the oversold territory, calling for a short recovery as soon as this week. The Nifty
Go to Live UpdatesWaaree Energies IPO Listing 2024 Live: The Waaree Energies IPO is showing a robust gray market premium (GMP) ahead of its listing on October 28. The IPO has been oversubscribed nearly 80 times, with investors able to check their allotment status on the registrar’s website. Waaree Energies aimed to raise Rs 4,321.44
With gold priced at Rs 78,490/10 gm, and GenZs preferring lightweight jewellery, demand for low-carat gold is booming. No wonder, the government recently notified that 9-carat gold jewellery will also be hallmarked by end of the year. Major players like Malabar Gold and Diamonds, Kalyan Jewellers, Mia by Tanishq and others are betting on lightweight
The Waaree Energies IPO is seeing brisk interest amongst investors ahead of its listing on October 28. Not only has the issue been subscribed 79.44 times, the GMP has risen to a whopping 100% plus. The question therefore is what’s that x-factor that’s keeping investor interest intact in this counter? Siddhartha Khemka, Senior. Group VP
Capital markets regulator SEBI barred five individuals from the securities markets for one year and directed them to impound illegal gains of nearly Rs 1.53 crore made from their front-running activities.The regulator also imposed a penalty of Rs 10 lakh on Nikhil Khaitan, Rs 5 lakh on Om Prakash Khaitan, Manju Khaitan, Neha Khaitan, and
In a testament to India’s burgeoning luxury real estate market, there has been an unprecedented surge in ultra-luxury residential sales. Over the past three years, a staggering 49 ultra luxury homes, each commanding a price tag of Rs 100 crore or more, have changed hands in the country’s premier metropolitan hubs of Mumbai and Delhi-NCR
The Reserve Bank of India (RBI) is likely to go for a rate cut in its April MPC meeting, which may prompt banks to lower the interest rates on their fixed deposits further. It may be noted that some of the banks and financial institutions have already reduced their FD rates following the 25 bps
In a recent Twitter post Elon Musk announced that “xAI has acquired X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).” Musk had bought Twitter/X for $44 billion in 2022. Therefore, for all practical purposes, there is a clear loss of over $11
As the financial year FY26 begins, the last trading session of FY25 comes with a festive pause. Indian stock markets will remain closed on Monday, (March 31), on account of Eid-Ul-Fitr (Ramzan Id). This marks an extended break for investors, with trading resuming on Tuesday, April 1. No trading on BSE, NSE on March 31
