Gold Price Today: Yellow metal hits new lifetime high of Rs 69,918/10 grams; 2024 gains swell up to Rs 6,600

Gold Price Today: Yellow metal hits new lifetime high of Rs 69,918/10 grams; 2024 gains swell up to Rs 6,600

Gold hit yet another lifetime high in the opening trade on Thursday taking cues from the international commodity prices. US Fed chair Gerome Powell’s statement that the recent job numbers and higher-than-expected inflation readings do not significantly alter the central bank’s monetary strategy, lifted the investor mood for bullion triggering a fresh wave of buying … Read more

small-cap stocks: 1 in every 5 stocks in Nifty 500 doubled your money in a year

small-cap stocks: 1 in every 5 stocks in Nifty 500 doubled your money in a year

India’s stock market concluded the financial year 2023-24 on a buoyant note, with the Nifty jumping nearly 28.6%, making it one of the top-performing markets in the world. Agencies The index’s performance is also its second-best in the previous 10 years. Mid- and small-cap stocks were the top performers in the April-March period, while the … Read more

fpis: FPIs infuse over Rs 38,000 cr in equities in March so far amid strong domestic economic outlook

fpis: FPIs infuse over Rs 38,000 cr in equities in March so far amid strong domestic economic outlook

FPIs have shown a significant resurgence in their investment activity within the Indian equity markets this month, injecting over Rs 38,000 crore, mainly driven by favourable shifts in the global economic scenario and strong domestic macroeconomic outlook. The investment came following a modest investment of Rs 1,539 crore in February and a massive outflow of … Read more

The everything rally comes to derivatives market

The everything rally comes to derivatives market

Bond fund managers have so much cash they’re turning to the derivatives market to put it to work, pushing down the cost of protection against defaults close to levels that prevailed when central banks were just starting to raise interest rates. The bets on tightening credit-default swap spreads are the latest sign of the overarching … Read more

China stock traders’ new mantra is enjoy the rally while it lasts

China stock traders’ new mantra is enjoy the rally while it lasts

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

FPIs cautious on equities; take out Rs 3,776 cr in Feb so far on spike in US bond yields

FPIs cautious on equities; take out Rs 3,776 cr in Feb so far on spike in US bond yields

Foreign investors adopted a cautious approach offloading Indian equities worth close to Rs 3,776 crore so far this month owing to a spike in the US bond yields and uncertainty over the interest rate environment in the domestic as well as the global front. In contrast, they are bullish on the debt market and injected … Read more

Nifty 50 earnings grew 17% YoY in Q3, but analysts’ tone cautious; here’s why

Nifty 50 earnings grew 17% YoY in Q3, but analysts’ tone cautious; here’s why

It was yet another strong quarter for India Inc as most companies reported better-than-expected numbers for the three months ended December, triggering further upgrades in earnings. Earnings of companies that are part of the Nifty 50 grew by 17% year-on-year (YoY), against expectations of an 11% growth, according to Motilal Oswal Financial Services. However, the … Read more

G-secs: Bloomberg panel favours India G-secs in EM index

G-secs: Bloomberg panel favours India G-secs in EM index

Mumbai: An advisory committee at Bloomberg Index Services Ltd has recommended inclusion of Indian government bonds in the Bloomberg Emerging Market Local Currency Index and a formal announcement of this is likely in the coming days, people aware of the development said. “Following the advisory committee’s favourable recommendation, the process now goes to the relevant … Read more

Government bond yields: 10-year yield slips on index talks, weaker oil

Government bond yields: 10-year yield slips on index talks, weaker oil

Mumbai: Government bond yields, the benchmarks for pricing corporate debt, have eased sharply over the past couple of days as a proposal by Bloomberg Index managers to include Indian securities in their emerging markets index and declining crude oil prices have improved the view on sovereign debt. Yield on the 10-year benchmark government bond dropped … Read more