Gold steadied near a one-week high on Thursday as the dollar weakened, but the yellow metal traded in a narrow $8 range as investors held back from making large bets ahead of the European Central Bank's monetary policy decision due later in the day. … [Read more...] about Gold at one-week high as weak dollar supports; ECB meet in focus
The highs and lows
"Indian indices again had a strong showing today, backed by strong gains in the shares of RIL, which alone contributed to more than half of the gains seen on the Nifty. Suitors lining up for potential stake sale in Reliance Retail drove its gains today,” Vinod Nair, Head of Research at Geojit Financial Services told Moneycontrol. … [Read more...] about Taking Stock: RIL at record high; Sensex jumps 600 points, Nifty reclaims 11,400
Kenichi Ayukawa, President, SIAM, said: “We are beginning to observe growth, which is instilling confidence back into the industry, especially in the two-wheeler and the passenger vehicle segments. Even though the industry witnessed year-on-year growth in August 2020, it is to be recognised that the base figures in August 2019 itself was very low, as the industry had shown a fall of about 32 percent for PVs, and 22 percent for two-wheelers in 2019 over 2018.” … [Read more...] about Car, SUV sales hit high gear in Aug; bikes, scooters scrape through
Market participants are however, cautious largely because tax cuts and deregulation have already been priced in, with the rally through the last three months. Recent executive orders by Trump, which will likely slow the flow the talent into the country and raise geopolitical tensions, did prove to be a setback to the feel good sentiment, but has not been enough to really dent the rally. Further, Dallas FED President Robert Kaplan reiterated the FED view, for sooner rather than later rate hikes, This along with recent upbeat US economic data have spiked rate hike chances in March to 50%. Higher interest rates will support bond markets, which could prompt an outflow from equities. … [Read more...] about Dow Heading To More Record Highs?
Vodafone Idea to seek shareholders' nod to raise borrowing limit to Rs 1 lakh crore Nirav Modi extradition case: UK court given fresh video tour of Mumbai's Arthur Road Jail Amrapali case: Supreme Court directs Mahagun Group to deposit Rs 240 crore before March 31, 2021 … [Read more...] about Copper futures rise 0.87% to Rs 519.55 per kg on positive global cues