Gold prices on the MCX hovered at Rs 72,363 per 10 grams on Thursday, hitting an intraday low of Rs 72,281. In the international market, prices maintained a similar trend, hovering around $2,353.18 per ounce. This indicates a certain level of stability in the gold market. Meanwhile, silver hovered at Rs 84,598 per kg and … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Monday at Rs 70,999 per 10 grams and hit an intraday low of Rs 70,862. In the international market, prices hovered around $2,339.72 per ounce. Meanwhile, silver opened at Rs 81,093 per kg and hit an intraday low of Rs 80,030 on the MCX. In … Read more
“We are expecting that this low volatility could still continue. So, there has been this tussle which has been going on between the bulls and the bears,” says Gaurang Somaiya, MOFSL. First thing I want to ask about is the volatility in rupee which is at a multi-month low. Now, this is making Indian corporates … Read more
S&P BSE Sensex breached the psychological 62,000 mark on Tuesday after a gap of 145 days and is trading just 2.5% (1,500 points) shy of the all time high of 63,583.07, which the 30-stock index hit on December 1, 2022. Sensex was last seen trading in the 62,000 territory on December 14, 2022. At 12:15 … Read more
Larsen & Toubro, part of the civil construction industry, has managed to bounce back from its 50-DMA on the daily charts and is on track to make a fresh record high in the next 2-3 months, suggest experts. The stock, also part of the S&P BSE Sensex, hit a fresh record high of Rs 2297 … Read more
“Incrementally, things are not looking positive for Bajaj Auto because 40-45% of their revenue is still coming from exports market and you have some headwinds and we have seen that the production cut has been announced,” says Hemang Jani, MOFSL What is your take on the Adani Group as a whole and if at all … Read more
“I think we should have a positive stance on the market because when we look at the earnings, when we look at the other data points in terms of monthly numbers and GST etc. it gives you a feel that we are in a good growth trajectory,” says Hemang Jani, Equity Strategist & Senior Group … Read more