Gold rate today: Gold futures on MCX with October expiry hit a fresh lifetime high of Rs 1,11,472 per 10 grams.
'Gold jumped as traders bet on two more rate cuts from the US Federal Reserve,' said Axis Securities.
Indian market closed higher for the third consecutive week, with strong performances in PSU banks, real estate, and defence stocks
FIIs remained net buyers on the second consecutive day as they bought equities worth Rs 390 crore on September 19, while DIIs bought equities worth Rs 2105 crore on the same day
The recent improvement in US–India relations raises the possibility of the 25% additional tariff on Indian goods being rolled back, which could trigger a relief rally toward the end of CY25, Rakesh Vyas of Quest Investment Advisors said.
Stocks to Watch, 22 September: Stocks like PNC Infratech, Lupin, TechD Cybersecurity, Netweb Technologies, Garden Reach Shipbuilders, Redington, Power Grid Corporation of India, and Amber Enterprises India will be in focus on September 22.
The coming week is also expected to be positive for the market with focus on further developments with respect to India-US trade deal talks, US GDP & Core PCE numbers, manufacturing & services PMI flash data for September and FIIs mood, according to experts.
The supportive policy backdrop and global liquidity easing set the stage for earnings upgrades rather than downgrades over the coming 2–3 quarters, said Sonam Srivastava.
The financial markets have gotten into the festive spirit a week ahead of Navratri, with the Nifty recording a strong rally
Geopolitical tensions remain elevated, particularly with Ukraine continuing drone strikes on Russian energy infrastructure, which could keep oil prices volatile in the near term.
The broader indices outperformed the main indices with BSE mid, small, largecap indices jumped between 1-2 percent.
A durable move to new markets highs would still need support from earnings revisions and global rates rather than tariffs alone, says Arindam Mandal of Marcellus.
Ashok Leyland has been in a structural uptrend. The stock has also given a breakout of the Rounding bottom pattern which is a strong bullish sign, says Ashish Kyal.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,254 per 10 grams today.
Wall Street's main indexes posted record-high closes on Thursday, a day after the U.S. Federal Reserve delivered a quarter-point interest rate cut, while chipmaker Intel rose after Nvidia decided to build a stake in the company.
Important structural reforms and the ongoing infrastructure boom reinforce belief that India can deliver real GDP growth of +6.5% over the coming years, says LGT’s Stefan Hofer.
Stocks to Watch, 19 September: Stocks like Unichem Laboratories, LT Elevator, One Mobikwik Systems, Vedanta, John Cockerill India, Texmaco Rail and Engineering, JSW Energy, Sasken Technologies, and Waaree Energies will be in focus on September 19.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,180 per 10 grams today.
Oil prices were little changed on Thursday after the US central bank lowered its key interest rate as widely expected
Given that India is still in the middle of a larger bull framework, this phase of consolidation over the last year can ultimately pave the way for a more sustained and positive pick-up in the markets in the mid to long term, said Ajit Banerjee of Shriram Life Insurance.
Stocks to Watch, 18 September: Stocks like Cochin Shipyard, Dixon Technologies, Cohance Lifesciences, Indosolar, Biocon Gujarat Fluorochemicals, Airfloa Rail Technology, BR Goyal Infrastructure, Aavas Financiers, Federal Bank, Yes Bank, and Bandhan Bank will be in focus on September 18.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,956 per 10 grams today.
Speaking at an MCX event, Sebi chairman said there are plans to set up a working group on commodities to address the bottlenecks for the segment's volume growth.
The Foreign institutional investors (FIIs) purchased equities worth Rs 308 crore on September 16, while Domestic institutional investors (DIIs) extended their buying in this month as they bought equities worth Rs 1518 crore on the same day.
Ongoing negotiations with partners including the EU, US, Peru, Chile, Oman, and New Zealand further reflect India’s commitment to diversifying its trade relationships and reducing overdependence on any single market, said Shreyash Devalkar of Axis MF.