Understanding seasonal trends is paramount for traders looking to capitalize on the dynamic nature of the precious metals market. In the context of MCX Gold and Silver trading, historical patterns offer valuable insights into periods of heightened demand and potential price movements. Let’s delve into the seasonal trends observed in the Indian market and explore … Read more
“The kind of confidence, the kind of flow which we are seeing on the Street, that clearly shows yes, towards the end of this Feb series we are likely to see furthermore traction on the buying side and possibly Nifty can scale up to the level of 22,400 to 24,500 also in the continuation of … Read more
For a lesson in the perils of being a skeptic on Wall Street when everyone else is a buyer, consider Rob Arnott, who made a sensible case five months ago that Nvidia Corp. had become a bubble. “A textbook story of a Big Market Delusion” is how the venerable founder of Research Affiliates called it, … Read more
A stunning reversal in Chinese stocks from world’s worst to best performers is stoking cautious optimism that the rally will continue as long as favorable market policies remain in place. Rarely has a week gone by in 2024 without Beijing unleashing new measures to buttress the market or the economy. That policy resolve has pushed … Read more
New York Federal Reserve President John Williams sees the U.S. central bank on track to cut interest rates “later this year,” despite stronger-than-expected inflation and labor market data in January, according to an interview with Axios. “My overall view of the economy basically hasn’t changed based on one month of data,” Williams said in an … Read more
An international watchdog said Friday that it was removing the United Arab Emirates from its so-called gray list of countries that don’t take full measures to combat money laundering and terrorism financing. The announcement was made by the Paris-based Financial Action Task Force following its meeting in the French capital. The FATF welcomed the UAE’s … Read more
MUMBAI: State Bank of India (SBI) failed to attract investors at an auction held on Thursday to sell Rs 1,703 crore debt of Hindusthan National Glass & Industries (HNGIL), the country’s largest glass bottle maker, whose debt resolution has been delayed by more than a year due to the litigation between the two bidders in … Read more
Mumbai: The partly paid-up shares of Indiabulls Housing Finance Rights listed on Friday at ₹92 per share, as against its intrinsic value of ₹88.75, following a strong response to the rights issue last week. The stock surged to a 20% upper circuit after listing, closing at ₹106.50. The intrinsic value of the partly paid shares … Read more
The S&P 500 and Dow Jones Industrial Average eked out another closing record high on Friday, with all three Wall Street benchmarks scoring weekly gains, as artificial intelligence stocks had enough steam to keep the rally chugging along. AI poster child Nvidia advanced again, rising 0.4%, and briefly traded above $2 trillion in market valuation … Read more
Nvidia briefly hit $2 trillion in market value for the first time on Friday, a day after adding $277 billion in stock value. Thursday’s M-Cap rally by Nividia was Wall Street’s largest one-day gain for a single company in history after the heavyweight chipmaker’s quarterly report beat expectations and reignited a rally fuelled by optimism … Read more
