Investors were squarely focused on Sino-US trade tensions, after China cancelled mid-level trade talks with the United States, as well as a proposed visit to Washington by vice premier Liu He originally scheduled for this week.
Ripple effects of the DHFL-panic were also felt on other companies including non-banking financial company (NBFC) and mortgage lender Indiabulls Housing Finance.
Trade on Friday was so volatile that the BSE benchmark Sensex tanked, only to recover by over 800 points before the end of the day. Here are a few factors that have contributed to uncertainty in the market
According to WGC, many emerging market central banks have a high degree of exposure to the US dollar and turn to gold as a natural currency hedge.
According to Angel Commodities, yesterday, international spot gold prices increased by 0.36 percent to close at 1206.8 . On the MCX, gold prices decreased by 0.009 percent during the same time frame.
Investment experts feel that real estate as a pure investment play may not be a good idea at this juncture; realtors differ.
The rate hike will further increase the attractiveness of Senior Citizens Savings Scheme (SCSS) as its quarterly compounded return of 8.7% p.a. will outstrip the highest fixed deposit card rates offered by almost all banks.
The dollar hit a nine-week low against a basket of major currencies, while world stocks bounced up amid continued relief that fresh US and Chinese tariffs on reciprocal imports were less harsh than originally feared.
It is expected, though not desirable, that credit-related incidents may happen
The supply of US bonds will spike if China sells its holdings resulting in a rise in yields. Higher yields will drive up the cost of borrowing for consumers and companies, causing the economy to slow down
Spot gold was up 0.2 percent at $1,203.86, as of 0347 GMT, after rising 0.5 percent in the previous session. US gold futures were up 0.2 percent at $1,210.20 an ounce.
Individuals who are disciplined for regular investing and looking for a good long term investment option backed with life cover and do not mind the 5-year lock in period should be investing in regular premium ULIPs.
Traders said gold edged up on the back of firm trend overseas as the dollar weakened despite another round of tit-for-tat tariffs in the China-US trade dispute.
As on March 31, 2018, IL&FS' outstanding bank loans accounted for around 0.5-0.7 percent of all outstanding loans in the banking system
According to Angel Commodities,Yesterday international spot gold prices increased by 0.61 percent on account of weak dollar and short covering at lower levels.
Spot gold fell 0.2 percent at $1,198 an ounce at 0309 GMT, after rising 0.6 percent in the previous session.
Watch the video for a roundup of key happenings in the commodities market with a deep dive into some of the most active counters.
Spot gold was up 0.2 percent at $1,195.27 an ounce as of 0354 GMT, after falling 0.6 percent on Friday when it marked its third straight weekly decline.
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Ravindra V Rao of Anand Rathi Commodities said with uncertain results of the US midterm November elections, there is every chance that the yellow metal starts to appreciate in the last four months of 2018
“Their (IL&FS’s) biggest problem is they got the arbitration that they are not getting the order from NHAI and hence they have a liquidity issue,” sources said.
Moneycontrol's Sakshi Batra discusses with personal finance expert, Manoj Nagpal, the strategies that investors must adopt to minimize risk on investments with exposure to IL&FS.
The sufferings of investors during the period should be a reminder to the present day investing community on the risks in the capital market.
According to Angel Commodities, on Thursday, spot gold prices decreased by 0.39 percent to end the day at $1200.7 amid increasing trade war concerns and looming US interest rate hikes.
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