Artificial ‘Kanikonna’ holds sway over Vishu market

Artificial ‘Kanikonna’ holds sway over Vishu market

“It is Vishu eve. Everything of golden hue in the market is fetching a premium,” says a wholesale vegetable trader in Ernakulam, making light of an unusually damp market this year. Among the yellow stuff that define Vishu and go to fill a platter of auspicious sighting objects is ‘Kanikonna’ (cassia fistula) or golden shower. … Read more

Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 32%

Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 32%

Synopsis After a phase of correction, where more than index it was the market breadth which witnessed cuts, bulls were once again making their move on the street. Before you once again become bullish, it is extremely important not to forget the fact valuations are still high. In such conditions, for investors who are looking … Read more

Gold hits record high amid persistent safe-haven demand despite rate cut expectations and dollar strength

Gold hits record high amid persistent safe-haven demand despite rate cut expectations and dollar strength

Gold prices opened on the Multi Commodity Exchange (MCX) on Wednesday at Rs 69,340 per 10 grams and hit an intraday low of Rs 69,309. In the international market, prices hovered around $2,284.06 per ounce. Meanwhile, silver opened at Rs 77,981 per kg and hit an intraday low of Rs 77,189 on the MCX. In … Read more

Latest gold and silver price: Yellow metal retreats as dollar and bond yields rise

Latest gold and silver price: Yellow metal retreats as dollar and bond yields rise

Gold prices opened on the Multi Commodity Exchange (MCX) on Tuesday at Rs 68,638 per 10 grams and hit an intraday low of Rs 68,580. In the international market, prices hovered around $2,252.19 per ounce. Meanwhile, silver opened at Rs 75,750 per kg and hit an intraday low of Rs 75,310 on the MCX. In … Read more

Gold continues its historic run, price surges to record high

Gold continues its historic run, price surges to record high

Gold prices opened on the Multi Commodity Exchange (MCX) on Monday at Rs 68,699 per 10 grams. In the international market, prices hovered around $2,196.32 per ounce. Meanwhile, silver opened at Rs 75,223 per kg on the MCX. In the international market, the price hovered around $24.69 per ounce. Manav Modi, Analyst, Commodity and Currency, MOFSL, … Read more

Dalal Street minnows steal the show in FY24; give hefty returns to investors

Dalal Street minnows steal the show in FY24; give hefty returns to investors

The BSE mid-cap and small-cap stocks have outperformed the benchmark Sensex in 2023-24 with about 62 per cent returns, reflecting buoyant investors‘ sentiment amid robust macroeconomic conditions in the country and impressive quarterly earnings reported by various firms. As per an analysis, the BSE mid-cap gauge jumped 15,013.95 points or 62.38 per cent in the … Read more

US Fed meet begins today: Why will chief Powell & team choose to stay put?

US Fed meet begins today: Why will chief Powell & team choose to stay put?

The US Federal Reserve’s two-day monetary policy meeting is slated to begin later today, and the central bank is widely expected to stay put on interest rates after the recent data on inflation. Inflation data released last week showed that consumer prices in the US rose again in February. Consumer prices rose 0.4% for the … Read more

Mutual funds have Rs 1.3 lakh crore cash, Warren Buffett $168 billion. What about you?

Mutual funds have Rs 1.3 lakh crore cash, Warren Buffett $168 billion. What about you?

As investors continue to pour money into stocks and equity funds, asset managers are raising more cash in their portfolios. February month data shows that the total cash pile at equity mutual funds rose for the second consecutive month to 4.82% of total assets under management (AUM) at Rs 1.33 lakh crore. SBI Mutual Fund … Read more

Promoters of mid and small-cap companies purchase big in March fall

Promoters of  mid and small-cap companies purchase big in March fall

Promoters of at least 50 mid and small-cap companies have acquired shares of their firms from the open market since March 1 in the wake of declines in prices of many of these stocks. Jindal Stainless, JSW Energy, Zydus Wellness, Nuvoco Vistas, and Bharat Wire are among the companies in which promoters have purchased shares … Read more

Mahadev betting app scam: 19 smallcap stocks crash up to 37% this month

Mahadev betting app scam: 19 smallcap stocks crash up to 37% this month

Investors in multiple smallcap and penny stocks, in which entities involved in the multi-crore Mahadev Online Book illegal betting application scam held a stake, have lost up to 37% this month. While Dubai-based alleged hawala operator Hari Shankar Tibrewala and related entities owned more than 30 listed stocks, at least 6 of them have been … Read more