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Gold Price Today, 9 August 2022: MCX gold may test Rs 54000; analysts say add yellow metal in portfolio

Gold Price Today, Gold Price Outlook, Gold Price Forecast: Commodity markets remained closed for the morning session on Tuesday, account of Muharram. The trading for the day will start at 5PM. Globally, yellow metal edged lower as investors await U.S. inflation data due later in the week that could offer more clarity on the Federal …

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Hope for smaller rate rises lifts Wall Street, oil gains

Wall Street stocks gained ground while the dollar eased as fresh signs of cooling inflation increased prospects that the Federal Reserve could slow down its rate hikes, even as officials warned the fight to tame rising prices is far from over. Thursday’s data showed US producer prices unexpectedly fell in July amid a drop in …

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Delhi air quality plummets to ‘poor’ category again, AQI at 256

The air quality deteriorated from the ‘moderate’ to ‘poor’ category with the Air Quality Index (AQI) standing at 256 on Thursday morning in the national capital, according to data from the System of Air Quality and Weather Forecasting And Research (SAFAR). #WATCH | Delhi: To mitigate pollution, water was sprinkled through an anti-smog gun in …

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Sensex zooms past 60000; Nifty ends near 17950, next target seen at 18175, here’s what analysts say

BSE Sensex and NSE Nifty 50 ended more than half a per cent up on Wednesday, a day before weekly F&O expiry. BSE Sensex jumped 418 points or 0.7 per cent to end at 60,260. NSE Nifty 50 index gained 117 points or 0.8 per cent to settle at 17,944. Stocks of Bajaj Finserv, Bajaj …

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Trent Rating: hold; Topline growth is outstanding

Trent witnessed sharp growth in revenues in Q1FY23, which were much ahead of estimates. 3Y revenues CAGR at ~30% was impressive. GMs declined as the intensity in discounting and promotions returned. Costs normalised and Ebitda was in line. Westside clocked 24% LFL growth on a 3Y basis, but pent-up demand should have helped, in our …

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DreamFolks Services IPO: Issue sails through on 2nd day, retail investors oversubscribe; IPO closes 26 Aug

DreamFolks Services IPO Day 2 Updates: DreamFolks Services IPO sailed through so far on the second day of sale with retail investors leading the subscription tally. The Rs 562 crore IPO opened for subscription on Wednesday after having raised Rs 252.9 crore from 18 anchor investors. The public issue saw massive interest from retail investors …

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‘Tiranga is the biggest brand, it doesn’t need marketing’

Amid the mega outreach exercise of the national flag reaching a crescendo with the ‘Har Ghar Tiranga’ campaign and the criticism from some sections that we are moving in the direction of western countries such as the US, where people are free to do anything with it, industrialist and former MP Naveen Jindal said diginity …

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MCX Crude futures trend looks weak, support at Rs 7200/bbl, wait for the prices to settle down

By Bhavik Patel WTI Crude started August on the decline, following the first back-to-back monthly losses in June and July since the end of 2020. Oil prices have plunged by more than 7% since the start of August. Currently the sell off in crude oil is on back of expected weak demand as recession looms …

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FPIs return to Indian equities: Amid dollar fall, US GDP contraction

By Ashley Coutinho After nine consecutive months of outflows, the net flows from foreign portfolio investors (FPIs) into Indian equities turned net positive in July. Market pundits are now hoping that a weak US economy would slow the pace of monetary tightening by the US Federal Reserve, and probably lead to a pause in rate …

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Will bulls stage a comeback or bears to drag Nifty below 17300? 5 things to know before market opening bell

Indian equity markets are likely to extend losses on Tuesday amid weak global cues. Benchmark indices are expected to open in the red as trends in the SGX Nifty indicated a negative opening with a loss of 85 points. In the previous session, the S&P BSE Sensex dived 872 points or 1.46% to settle at …

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