If you are rushing to buy gold ahead of Akshaya Tritiya, analysts suggest doing so with caution because the recent sentiment-driven price surge of gold is not going to hold for long.
Rachit Vats and
Anupama Airy report.
The BSE benchmark Sensex today gained 40 points in a special two-hour trading session as investors indulged in selective buying of bluechip stocks tracking gains in healthcare and metal sector shares.
The benchmark Bombay Stock Exchange Sensex on Friday posted its highest closing in more than three months at 20,082.62, as cash flow into equities continued across the globe.
The government in any country borrows from the market or other sources in order to bridge the gap between its revenue and expenditure. The money that government owes is known as public debt or national debt.
The rupee oday hit a more than a three week low, losing 32 paise to 54.57 against the dollar in early trade due to appreciation of the US currency against other currencies.
Sensex today closed above the 20,000 mark after a gap of 100 days and Nifty closed at its highest level in 2013 on heavy buying in auto, consumer durables, FMCG and banking shares amid improvement in IIP suggesting pick-up in growth.
After a lull of more than two years, the market for initial public offerings (IPOs) is expected to roar back to life in 2013, giving retail investors an opportunity to buy into strong companies at attractive prices.
Manu P Toms reports.
Back with a bangFood services major Jubilant FoodWorks on Thursday reported a 11.5% year-on-year rise in net profit to Rs. 32.7 crore for the three months from January till March of the last fiscal year against Rs. 29.3 crore a year-ago. Net sales rose to Rs. 365.8 crore during the quarter from Rs. 282.9 crore a year-ago. HT reports.
The rupee traded marginally up by one paise to 54.15 against the US dollar in early trade at the Interbank Foreign Exchange today on sustained selling of the American currency by exporters.
The BSE benchmark Sensex today fell from over three-month high by losing 51 points due to profit-booking in recent outperformers such as RIL, Sun Pharma and HDFC Bank ahead of IIP data amid a weak global trend.
Gold futures prices recovered marginally by 0.16% to
Rs. 26,763 per 10 gm today largely in tune with a firming trend overseas.
The rupee appreciated by 9 paise to 54.05 against the US dollar in early trade at the Interbank Foreign Exchange today on increased selling of the American currency by exporters.
The 30-share BSE Sensex on Wednesday touched the psychological mark of 20,000 after a gap of more than three months before closing marginally lower at 19,990.18 on heavy buying by foreign institutional investors. HT reports. Stocks zoom, but hold the bubbly
This may be the right time to buy mid-cap shares. But proceed with caution. Manu P Toms reports. The rise of the mid-caps
World shares hit their highest level in almost five years on Tuesday as last week's strong US jobs report continued to fuel optimism about the health of the global economy.