Gold prices: Central banks around the world have been buying gold at an unprecedented rate, pushing gold demand (excluding OTC) to 1,147 tonnes in the July-September quarter, 8% higher than the five-year average, according to a new report. According to the World Gold Council’s Q3 Gold Demand Trends report, net central bank buying reached 337…
The Baroda BNP Paribas Small Cap Fund will choose stocks from the bottom up, focusing on companies with strong fundamentals, quality business models, and strong management teams. The new scheme from Baroda BNP Paribas Mutual Fund Baroda BNP Paribas Small Cap Fund raised Rs 1,103 crore during its new fund offer (NFO) period, indicating that…
SBI Q2 Results:: State Bank of India reported an 8% year-on-year (YoY) increase in net profit for the quarter ended September 2023 to Rs 14,330 crore, which was lower than the Rs 14,500 crore predicted by ETNow. Net interest income (NII), which is the difference between interest earned and interest expended, increased by more than…
Apollo Hospitals’ stock saw a 5% increase in value by the end of the day, closing at approximately ₹5,153, following the initiation of coverage by renowned brokerages Morgan Stanley and BofA. Morgan Stanley has a target price of ₹6,101 and is “overweight” in the stock. According to their analysis, there will be a strong 31%…
Global Markets Today: Following the release of data on US job growth, which supported the idea that the US Federal Reserve may be done raising interest rates, global markets saw a rise on Friday despite declining US dollar and treasury yields. MSCI’s global stock index increased by 1.18%. The MSCI index saw a weekly percentage…
Today’s Nifty 50 & Sensex: The Nifty 50 & Sensex, the benchmark equity indices in India, are anticipated to begin trading higher on Friday due to encouraging global cues following a dovish US Federal Reserve. The trends observed in Gift Nifty also suggest that the Indian benchmark index is off to a strong start. The…
With its headquarters located in Mumbai, Maharashtra, and its base in Jamshedpur, Jharkhand, Tata Steel Limited is an international steel manufacturer. It’s included in the Tata Group. With an annual capacity of 35 million tonnes for crude steel, Tata Steel, formerly known as Tata Iron and Steel Company Limited (TISCO), is one of the largest…
People can obtain a Triple Lock Receptacle (TLR) form from the RBI by depositing two thousand rupees in their bank account. For credit in their bank accounts, people can mail their Rs 2,000 banknotes to designated Reserve Bank regional offices via insured mail. For those who are unable to visit the Reserve Bank’s regional offices,…
Even though the world’s steel output slightly decreased in September 2023, Indian steel output increased by 18.2%. In September 2023, the world’s crude steel production fell 1.5% to 149.3 million tonnes (mt) from 151.7 mt in the same month the previous year. Production in the 63 countries that make up 97% of the world’s steel…
After the company’s Q2 results on Wednesday exceeded street estimates in terms of both profit and revenue, Sun Pharma’s share price was trading higher on Thursday. On the BSE, Sun Pharma shares opened today at an intraday high of ₹1,130.80 a share. Technical analysts claim that pharmaceutical stocks are trending strongly and that Sun Pharma’s…
