The price of gold decreased by ₹10 per gram as compared to Friday’s price. As per Goodreturns, the price of 22 carat gold stood at ₹5,580 per gram. Meanwhile, the price of 1 gm of 24 carat gold was ₹6,087, a decline of ₹11 as compared to Friday’s rate.
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Aggressive Selling of Puts in Nifty and Bank Nifty
Nifty and Bank Nifty Price Forecast: On Friday, prices rose sharply and the futures open interest dropped significantly in Nifty and somewhat in Bank Nifty, indicating a rally driven by short-covering. The put-call ratio on the monthly series increased in both Nifty and Bank Nifty due to aggressive put shorting. This action is expected to continue, providing enough fuel for rally attempts during the truncated week ahead.
Gold Rebounds Ahead of Key Inflation Data | Sluggish yields add support to Gold price
Gold price (Yellow Metal) grinds higher within a two-week-old bullish chart pattern, making rounds to $1,985 during Friday’s Asian session. In doing so, the Yellow Metal reverses the previous weekly loss ahead of the key inflation data from the United States and Eurozone. It’s worth noting that the risk-on mood joins the market’s lack of conviction in the Federal Reserve’s (Fed) further rate hikes to propel the Gold price.
Precious Metals have Stabilized After Big Rallies in March
Precious Metals: (gold and silver) prices are currently consolidating ahead of high-stakes events on Friday. These events include the release of US inflation data, the US Federal Reserve’s interest rate decision, and a speech by US President Biden on his infrastructure spending plan.
Tilaknagar Industries Sells Over A Million Units Of Courier Napoleon Brandy In FY23
Shares of Tilaknagar Industries Ltd. declined 1.54% to Rs 102.3 apiece in trade on Monday. The headline index NSE Nifty 50 was trading higher by 0.23%. Scrip fell as much as 2.31% intraday, the most since March 20, 2023. Total traded volume stood at 3.2 time its 30-day average. The …
GREED & Fear Expects A Potential Of Outperformance By India
Asian markets decline after a technology-driven rally on Wall Street failed to ease the selling pressure seen in the bank stocks. Source: GREED & fear note
UNO Mind Rises On Acquisition Of Stake In JV Partnership With Kosei
Shares of UNO Minda Ltd. advanced 1.54% to Rs 468.85 apiece in trade on Tuesday. The headline index NSE Nifty 50 was trading higher by 0.27%.
Stock Market Insider Trading Update 21-03-2023
Stock Market Insider Trading Update 21-03-2023
- Maharashtra Seamless: Promoter group Sudha Apparels bought 1 lakh shares, promoter group 23,000 shares bought Dharam Pal Jindal & Sons HUF on March 17.
- Mukand: Promoter group Jeewan Ltd. sold 5,385 shares on March 16.
- Elpro International: Promoter and director Surbhit Dabriwala sold 3 lakh shares, promoter Yamini Dabriwala sold 18 lakh shares on March 17.
- Zydus Wellness: Promoter Zydus Family Trust bought 5,579 shares on March 17.
- Sobha: Promoter Puthan N C Menon bought 20,000 shares on March 17.
TCS Advances After Opening Lower
Shares of TCS Ltd. advanced 0.15% to Rs 3.189.8 apiece in trade on Friday. The headline index NSE Nifty 50 was trading higher by 0.61%.
US Jobs Report Likely to Inform Inflation Narrative – GoldSilverReports
- US jobs report likely to inform inflation narrative, US Dollar and Gold price.
- If the labor market is strong, the Federal Reserve could plough ahead with larger rate hikes.
- Gold price could continue south if a strong result solidifies expectations of a 0.5% rate hike in March.
Gold price has been in a downward spiral since the start of February, and with the next major release for the commodity likely to be the US Bureau of Labor Statistics US jobs report for February, scheduled for release on Friday, March 10, traders may be wondering whether this will continue.