Spot gold eased 0.1% to $2,659.62 per ounce, as of 0353 GMT. U.S. gold futures rose 0.2% to $2,678.30.
On June 4, India will elect its new government. If you're an investor planning to sell on June 4, note that in the last five general elections, the Sensex and Nifty traded higher six months after the announcement of election results. Looking back at the last three elections, the indices were up at the end of the first month itself. So, how do you master volatility amid the election season? Moneycontrol's N Mahalakshmi speaks to ace trader and investor Sushil Kedia on how to conquer the election risk and ride the wave to profitable trades.
The current market texture is weak but oversold, according to analysts, who are advising investors to avoid both panic selling or fresh buying at the moment.
With bears ruling the Street, chasing the bulls to the sidelines, investors are in for a pause: Is it time to take some more money off the table?
SoftBank has been offloading shares regularly over the last month in small tranches through open market transactions and largely at a profit as Paytm’s share price has been above Rs 830 during the period, which was the cost price for the Japanese investor
SoftBank is likely to sell shares in the two startups in smaller tranches in the open market, rather than through block deals, sources have said
Overall, the gold ETF category has received a net inflow of Rs 1,121 crore so far this year, the data showed.
So far this year, domestic institutional investors have bought shares worth nearly Rs 2.37 trillion, helping partly offset the pain from an exodus by foreign investors as the US Federal Reserve started raising interest rates.
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Stock markets are bracing this week for ripples coming from Uttar Pradesh with several marketmen raising concerns over the Centre's future reform policies in view of anointment of hardliner Yogi Adityanath as the Chief Minister of the country's most populous state.
A collation of top 10 stocks picks from the fundamental perspective for the next 12 months.
Equity benchmarks fall on the back of profit booking along with fence-sitting tendencies ahead of crucial results of assembly elections. Reliance gains on target price upgrade from CLSA, while HDFC and ITC were a drag.
The Street may see lower opening, driven by lower global markets ahead of US Fed chair Janet Yellen‘s speech and profit booking; Apollo Hospitals may be in action after a sovereign fund launched a block deal to sell USD 160 million worth of its shares.
The market now looks under-owned says SP Tulsian of sptulsian.com in an interview to CNBC-TV18. There will be some profit booking but remain prepared to see a level of 8,500 on the Nifty for the December series, he adds.
Nifty fell 0.37 percent to 8775.90 and Sensex dipped 0.39 percent to 28523.20.
Mayuresh Joshi, Fund Manager, PMS, Angel Broking, recommends waiting for dips and buying in a staggered manner. He warns that one needs to be extremely stock selective at this point of time.
Foreign investors continued to pump in money in Indian equities as they have bought Rs 7,294 crore worth of shares in July so far (till July 25) against Rs 3,957.95 crore worth of inflow in June.
Ashwani Gujral of ashwanigujral.com says futures premium trends indicate today's fall is less of institutional selling or major shorting and more of general profit taking.
Arvind Narayanan, head of sales, treasury and markets at DBS Bank says rupee has been an outperformer for a while now and a fair amount of profit booking is not an issue. He feels a repeat of FY14 is unlikely.
Technical analyst, Rajat Bose of rajatkbose.com spoke with Latha Venkatesh & Sonia Shenoy on CNBC-TV18. He shared his reading and outlook on the market. According to Bose, the major resistance zone would be between 8,849 and 8,892. He expects fresh new highs on the Nifty once it crosses 8,892 level.
Tushar Mahajan of Nomura Financial Advisory says selling in Bank Nifty on Wednesday dragged the market. He feels PSU banks will continue to remain under pressure as raising fresh capital will be an overhang.
Sudarshan Sukhani of s2analytics.com says the Nifty is now closer to the point where it will pause and consolidate.
For the week, the Sensex gained 1.5 percent and Nifty rose 1.7 percent while CNX Midcap shot up 4.1 percent and BSE Smallcap rallied 3.5 percent.