Gold rate today: Gold's October contracts on the MCX opened at Rs 1,06,676 per 10 grams today.
Oil prices drifted down in early trading on Friday for the third straight day as investors awaited an OPEC+ meeting this weekend that will consider further output hikes.
Stocks to watch, 05 September: Stock like Biocon, Zydus Lifesciences, NHPC, Sammaan Capital, Varun Beverages, Indo Tech Transformers, Bharat Forge, Yasho Industries, NTPC, RPP Infra Projects, Solarium Green Energy, and Malpani Pipes and Fittings will be in focus on September 05.
Piyush Goyal on Thursday said the government expects tax revenues to rise, not fall, following the rationalisation of GST rates, as higher demand will offset any rate cuts.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,06,500 per 10 grams today.
Gold held near an all-time high after a seven-day rally, as weak US data spurred more bets on an interest-rate cut by the Federal Reserve this month and mounting concerns over the central bank’s independence underpinned haven demand.
GST rationalisation has the potential to be more than just a one-time booster — it could act as a key structural reform, said Divam Sharma of Green Portfolio.
Stocks to Watch, 04 September: Stocks like Aptus Value Housing Finance India, BHEL, Swiggy, Poly Medicure, Sharika Enterprises, BlueStone Jewellery, GHV Infra Projects, Redington, and Highway Infrastructure will be in focus on September 4.
Gold rate today: 'Gold extended its rally in the global market to fresh highs, reflecting investor caution amid persistent concerns over prolonged US tariffs and their potential impact on global growth and geopolitical change,' said Vinod Nair from Geojit Investments.
GST rationalisation is a structural positive and sectors like autos, cement, and consumer durables are likely to benefit, but the equity market appears to be waiting for actual implementation, clarity on pass-through, and early consumption data before re-rating these themes more decisively, said Anil Rego of Right Horizons PMS.
Stocks to Watch, 03 September: Tata Consultancy Services, JSW Cement, Waaree Energies, PNC Infra, Adani Power, Yes Bank, E2E Networks, Vikran Engineering, TBO Tek, and Anlon Healthcare will be in focus on September 03.
Spot gold was steady at $3,476.48 per ounce as of 0947 GMT, after hitting a record high of $3,508.50 earlier in the session. Bullion has gained 32% so far this year
Government might announce other measures which could include encouraging BRICS/EU FDI, said Vikas Gupta of Omniscience Capital.
Stocks to Watch, 02 September: Stocks like Hero MotoCorp, Bharat Electronics, Puravankara, UPL, Coal India, Anondita Medicare, Syrma SGS Technology, and Fortis Healthcare will be in focus on September 02.
Gold rate today: Yellow metal's October contracts on the MCX hit a fresh record high of Rs 1,05,937 per 10 grams today.
Gold's futures contracts with October expiry on MCX jumped more than 2% to hit an all time high of Rs 1,05,937 per 10 grams today.
The Indian rupee has emerged as the worst-performing emerging market currency as President Trump's aggressive 50 percent tariffs trigger unprecedented capital outflows and export challenges for Asia's third-largest economy
The Nifty index has experienced a decline for both the week and the month. Current weekly momentum indicators remain in sell mode, confirming that the downward trend is still in effect
Both stocks trade above their key moving averages and have shown golden crossover before the actual price breakout," he reasoned, Milan Vaishnav said.
Over the last 5 years, India has outperformed most of the other emerging markets, and is likely to deliver stable returns once the earnings re-rating sets in, said Raghvendra Nath of Ladderup Asset Managers.
Stocks to Watch, 01 September: Stocks like Torrent Power, NCC, PG Electroplast, BHEL, Popular Vehicles, EPACK Durable, Dharan Infra, Adani Power, Aurobindo Pharma, Classic Electrodes (India), Anondita Medicare, and Shivashrit Foods will be in focus on 01 September.
Overall, the coming week (starting from September 1) is expected to be rangebound with focus on GST Council meet, auto sales, US jobs data, and manufacturing & services PMI numbers, as well as any updates with respect to India-US trade negotiations for further insights, according to experts.
On the sectoral front, Nifty Realty index shed more than 4 percent, Nifty Defence index fell 4 percent, Nifty PSU Bank index shed 3.5 percent, Nifty Oil & Gas index slipped 3 percent. On the other hand, Nifty FMCG index added 0.7 percent.
Looking ahead, the 200-day EMA zone between 24,300 and 24,250 has become a critical support area for the Nifty 50. A sustained move below 24,250 could intensify selling and potentially push the index toward the 24,000 mark, said Sudeep Shah of SBI Securities.
The uptrend in gold is expected to extend into the coming week, with immediate resistance seen at Rs 1,05,100 per 10 gram and subsequent resistance at Rs 1,06,860 per 10 gram.