Gold ETF folios increased from 80.34 lakh to 1.14 crore, while silver ETF folios rose from 11.31 lakh to 47.85 lakh, representing growth of 43 percent and 323 percent, respectively.
Investors shifted from underperforming equities to bullion, though experts warn against chasing recent returns at elevated gold prices.
The Nifty 50 is expected to continue its upward move toward the 26,000 zone, as sustaining above it can open the door for 26,200 and a record high. Until then, below 26,000, range-bound trading may continue with 25,800 acting as support, experts said.
The upward journey of the market may continue amid possible consolidation. Below are some short-term trading ideas to consider.
Stocks to Watch, 11 Feb: Stocks like Titan Company, Apollo Hospitals Enterprise, Eicher Motors, Grasim Industries, Britannia Industries, Oil India, Jubilant Foodworks, Torrent Power, Karnataka Bank, HEG, EIH, Power Mech Projects, Som Distilleries & Breweries, Afcons Infrastructure, and TVS Supply Chain Solutions will be in focus on February 11.
Axiscades Q3 Earnings | Defence revenue grew by 50 percent, aerospace revenue grew by 28 percent, and revenues from ESAI (Electronics, Semiconductors and Artificial Intelligence) vertical expanded by 18 percent, compared to same period of previous year.
Momentum indicators aligned with the rally. All key moving averages trended upward, and the index traded near the upper Bollinger Bands. Meanwhile, a falling VIX favoured bulls, signalling a healthy trend.
Welspun Specialty Solutions shares corrected sharply by 9.09 percent to Rs 37.51 on the BSE, falling decisively below short term moving averages.
For the year so far, FPI/FIIs have been net sellers of shares worth Rs 37,997 crore, while DIIs have net bought shares worth Rs 72,107 crore.
Biopol Chemicals, and PAN HR Solution will finalise their IPO share allotment by February 11, while their equity shares will be available for trading on the NSE Emerge and BSE SME, respectively, with effect from February 13.
The company said that the earnings growth was led by strong performance in segments such as cement, paints, chemicals, and its B2B platform Birla Pivot
The project is part of a 440 MW tender floated by RUMSL for the Morena Solar Park in Madhya Pradesh, a company statement said.
Bonfiglioli Transmissions IPO | The IPO comprises of entirely an offer-for-sale of 4.69 crore equity shares by promoter Bonfiglioli S p A, with no fresh issue component.
Titan Company declares fiscal third quarter results. Check net profit, revenue, growth, EBITDA, margins, other details.
Eicher Motors announces fiscal third quarter results. Check net profit, revenue, growth, EBITDA, margin, other details.
India VIX, the volatility index, declined by 4.31 percent to 11.67 and slipped below all key moving averages, signalling increased comfort for bulls. As long as the VIX sustains below the 12 zone, bulls are expected to remain in control.
The Nifty Auto index rose nearly 1.4% (around 382 points) to close at 28,173.20 on Tuesday.
Barring pharma and PSU Bank, all other sectoral indices ended in the green, with the media index rising 2 percent and the auto index gaining 1 percent.
Overall, the mutual fund industry’s AUM increased by 1 percent to Rs 81.01 lakh crore from Rs 80.23 lakh crore in December. Net folios grew by 50.6 lakh during the month, taking the total folio count to 26.63 crore, with equity schemes contributing nearly 18 crore folios.
Fractal Analytics shares are scheduled to make its stock market debut on February 16.
The three stocks hit fresh 52-week highs after the release of their results.
Aye Finance says stress in the microfinance segment is behind, with robust growth and stable credit costs going forward. Shares will list on BSE and NSE on February 16.
Nido Home Finance currently manages an AUM of Rs 4,804 crore
Sensex, Nifty pared early gains as profit booking emerged in select FMCG, pharma and PSU bank shares after the benchmarks extended their gains for the third straight session.
Just 39% of Indian family businesses said economic volatility, inflation and supply-chain disruptions had significantly affected them, versus 58% globally