The Nifty is expected to open higher with a gap on December 12 following Asian markets, which were trading positive after the Federal Reserve signalled that rates were likely to remain accommodative.The Fed kept interest rates unchanged, as expected, at its policy meeting on December 11 but indicated interest rates would remain on hold, which nudged Wall Street stocks higher, reports Reuters.Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 45.5 points gain. Nifty futures were trading around 11,994 levels on the Singaporean Exchange.Close The Sensex rose 172 points to 40,412 and the Nifty closed with gains of 53 points at 11,910 on December 11. related news Market Live: Nifty above 11,950, Sensex up 150 pts; Yes Bank top gainer Early on D-Street | Bullish momentum to strengthen if Nifty manages to hold 11,832 What changed for the market while you were sleeping? Top 10 things to know The rupee appreciated seven paise to settle at a … [Read more...] about Market Headstart: Nifty likely to open higher on Fed status quo; Ujjivan Small Finance Bank eyed
Buy sell trade
Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020
Investors are always on a hunt to find stocks that could give inflation-beating returns.Experts feel that maintaining a small portfolio of quality stocks is always an ideal choice, and dips, if any, due to either global or local factors could be used as buying opportunity in select stocks.“We believe the ongoing correction in the market is to be used as an opportunity to take fresh positions in quality stocks with strong earnings potential, and are available at discounted multiple,” Rajeev Srivastava, Head Retail Broking, Reliance Securities told Moneycontrol.Close “Going forward, we believe that with the recent stimulus measures starting to aid growth, corporate earnings will certainly start picking-up and discounted multiple of various quality mid-cap stocks will start getting re-rated,” he said. related news Smart money is moving into market ahead of Budget 2020: Atul Suri Equity inflows drop but SIP figures at all-time high; what should you … [Read more...] about Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020
Gold price today: Yellow metal rises on FOMC rate stance; here’s what to do now
India Gold February futures rose on December 12 tracking gains in the international market after the U.S. Federal Reserve held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, sending the dollar and Treasury yields lower, said a report.After cutting rates three times earlier this year, the US Fed left its benchmark rate at the target range of between 1.50 percent and 1.75 percent, in a widely expected moveReacting to the news, Dollar index slipped after FOMC outcome and both the precious metals get support from lows. Gold closed above $1470 and Silver prices closed above $16.80 per troy ounce.Close On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 54, or 0.14 percent, at Rs 37,753 per 10 gram at 09:20 hours IST. related news Gold price today: Yellow metal rises on trade deal uncertainty; use rallies to go short Gold price today: Yellow metal steady; experts say go short with target of 37,500 Gold … [Read more...] about Gold price today: Yellow metal rises on FOMC rate stance; here’s what to do now
Your travel insurance may not cover many losses while on tour
Khyati DharamsiZareena Mistry, a 34-year-old Mumbai-based lawyer and her group of six friends were on their way to their hotel in Paris for a two-day halt before returning to India. That’s when Zareena realised that she had forgotten her bag at the airport.Back at the airport, the missing bag had caused the authorities to panic. Paris was on red-alert at that time; the security personnel assumed that it was a threat. They just blew apart the bag. They didn’t even open it.Close Her woes didn’t end there. related news Insurers can invest in debt ETFs subject to some conditions, says IRDAI Climate change impact: Rising sea levels may impact property prices in coastal areas Life insurers April-November new premiums jump 37.2%; LIC holds the reins She had to spend around 300 Euros (Rs 24,000) the next day in Paris shopping for a new suitcase and clothes. Items and clothes worth Rs 20,000 were in the suitcase that was blown apart. Her total loss: around Rs … [Read more...] about Your travel insurance may not cover many losses while on tour