Gold's rally has been fueled by geopolitical tension, robust central bank buying, rising ETF inflows, expectations of US rate cuts and tariff-related economic uncertainties
BC Asia Investments XXV and its persons acting in concert are also offering to purchase up to 24.42 crore fully paid-up equity shares through an open offer, representing 26 per cent of the expanded voting share capital from public shareholders of MFL
The Kerala HC had quashed the Enforcement Directorate's (ED) case on August 28, and no fresh FIR has been registered ever since.
Gold loan companies may not see the same rate of growth as they have in the past, but are unlikely to be run over by banks as most investors fear, says Digant Haria, founder of Green Edge Wealth
‘Buy-on-dips’ is still the dominant theme. That is because irrespective of the darkening clouds in global markets, the belief is that strong SIP inflows and retail liquidity will support the stock prices
The biggest gold loan companies are facing competition from banks and fintech companies.
Muthoot recorded a quarter-on-quarter fall in AUM and PAT, with banks showing an increasing interest in gold-loan segment
In an interview to Prashant Nair and Ekta Batra, Rahul Arora of Nirmal Bang Institutional Equities shared his views on the fundamentals of the market and the outlook going forward. He also spoke about specific stocks and sectors.
In an interview to Latha Venkatesh, Sonia Shenoy, and Anuj Singhal, SP Tulsian of sptulsian.com shared his views on the fundamentals of the market and the outlook going forward. He also spoke about specific stocks and sectors.
Gold loan financing companies should have appropriate infrastructure for storage of gold ornaments. The central bank made mandatory for NBFC to obtain prior approval of the Reserve Bank to open branches exceeding 1000.
Bank Nifty will continue to fall for some time now. Sudarshan Sukhani suggests shorting IndusInd Bank next week. He is positive on the pharma sector and has a ‘Buy‘ on Glenmark Pharma and GAIL.
Nischint Chawathe of Kotak Institutional Securities believes that non banking financial companies (NBFC) have an upside bias owing to the 1 percent decline in the interest rates for AAA rated bulk borrowers.
The Nifty is heading lower and may not hold the key 5970 support, so one should avoid trying to buy these dips.
Sudarshan Sukhani of s2analytics.com is mildly bearish on the market. He see the Nifty moving lower from current levels. The sell in May philosophy is likely to work out this time. Trade is to be short side.
BSE Sensex was trading firm above 20000, and the Nifty was holding 6150 mark. Banking stocks like HDFC Bank, IndusInd Bank, Kotak Mahindra Bank and Axis Bank touched fresh year highs today.
The sharp fall in gold prices prompted investors to shun their investments in the gold loan companies like Muthoot and Manappuram. However, the Association of Gold Loan Companies (AGLOC) is of opinion that a 15-20% price fluctuation is unlikely to dent their business.
Manappuram and Muthoot Finance are good short term bets, says SP Tulsian of sptulsian.com.
Uttam Galva | Bajaj Corp | Wipro | Gillette India | Manappuram Finance | GTL Infra | CMC | Tata Power | IOC and Reliance Industries are stocks, which are in the news today.
Disappointment was shown by many on Infosys' fourth quarter results. It reported 6-10 percent top-line growth guidance for FY14, which was lower than what the street had forecast. Rahul Bhasin, Baring Private Equity Partners said that it will be unrealistic to expect the historical growth.
Today was a bad session for the market. For the last few days, the market looked constructive; particularly the broader market. Initially it looked like the market was falling in line with a similar theme for the first half of the day; the Nifty was flat, but a lot of the midcap stocks and smallcaps were doing well.
Technical analyst, Sudarshan Sukhani, s2analytics.com said that the Nifty is now deeply oversold and there are always two undercurrents in the market. One of them is the intermediate trend. The intermediate trend is down.
Despite a slowdown in commercial vehicles, Nischint Chawathe, Kotak Institutional Equities has a buy on auto-finance company, Shriram Transport.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com spoke about his outlook for the market ahead of Budget 2013-2014.