As is rightly said, the stock market of any country is the barometer of its economic growth, the story for India is no different. As we celebrate the 75th year of independence, a look back at Sensex narrates the tale of how India has grown from strength to strength. Started in 1986 on the BSE, Sensex is a free-float index consisting of 30 of the biggest listed companies in India. The BSE Sensex has grown from 100 points to 59,000 today; and while marred by volatility and bears, the index has posted robust growth, a testament to the country’s economic growth and future potential.
Ananya
Near Term Upside For Spot Gold is Limited $1820
Spot Gold Forecast: “As the Fed is still committed to raising rates, so as to fight escalating prices, this is negative for gold, especially when the USD looks firm. The outlook for Fed policy and global growth is likely to prove USD supportive over the short to medium term, even though the path to this further USD strengthening over the coming months is unlikely to be a straight line upwards.”
Nifty Weekly Forecast: Above 16900 Target 17400—17800 [Buy on Dips]
Nifty Weekly Forecast: Unlike the earlier week, this one was a lot more ranged. But as the index managed to tick a bit higher, people didn’t really mind that it ranged. So long as the overall bias was maintained to the upside, most people are happy. When people are happy, the breadth widens and participation increases.
Crude Oil Edges Higher After Slump as Traders Weigh OPEC+ Hike, Demand
Crude Oil edged higher after plunging to the lowest close in almost six months as investors weighed a token supply increase from OPEC+ against weaker US gasoline demand and rising inventories.
सोने में अधिक मुनाफा कमाने के लिए गिरावट पर खरीदारी करे
गोल्ड प्राइस टुडे, गोल्ड प्राइस आउटलुक, गोल्ड प्राइस फोरकास्ट: भारत में सोने की कीमतें मंगलवार को लाल रंग में कारोबार कर रही थीं, यहां तक कि पीली धातु वैश्विक स्तर पर एक महीने के उच्च स्तर पर पहुंच गई। मल्टी कमोडिटी एक्सचेंज पर सोना अक्टूबर वायदा 96 रुपये या 0.2 फीसदी की गिरावट के साथ 51,530 रुपये प्रति 10 ग्राम पर बंद हुआ। चांदी सितंबर वायदा 256 रुपये या 0.44 प्रतिशत गिरकर 58,070 रुपये प्रति किलोग्राम पर आ गई।
Gold Prices Will Trade Sideways This Week [HINDI]
Gold Prices, Gold Forecast, Gold News: डॉलर के कमजोर होने के बाद सप्ताह के दौरान गैर-कृषि खंड में अधिकांश जिंसों के साथ जिंसों की कीमतों में मजबूती देखी गई। निराश अमेरिकी जीडीपी डेटा और फेड से मामूली दर वृद्धि के बाद सुरक्षित पनाहगाह खरीदने से सर्राफा की कीमतों में तेजी आई। लगातार भू-राजनीतिक कारकों से अधिक मांग और सीमित आपूर्ति के कारण कच्चे तेल की कीमतों में तेजी आई। सीमित आपूर्ति और मांग में वृद्धि की संभावनाओं के कारण बेस मेटल्स में तेजी आई।
GOLD SILVER FORECAST – BULLION MAY WEAKEN IN DAYS AHEAD
Bullion Weekly Forecast : Gold (Yellow Metal) has shown some good strength recently as it comes off support created via a couple of lows formed during 2021. The $1685—$1690 area is looking like a good floor for now, but the bounce may be put to the test this coming week.
Fed Raises Rates by 75 Basis Points to Clamp Down on Inflation
Federal Reserve officials raised interest rates by 75 basis points for the second straight month, delivering the most aggressive tightening in more than a generation to curb surging inflation — but risking a sharp blow to the economy.
Gold up on softer dollar with focus on Fed meeting
(GoldSilverReports) – Comex Gold prices rose on Tuesday on the back of a weaker dollar, but were stuck in a tight range as investors refrained from taking big bets ahead a possible aggressive U.S. interest rate hike.
WTI futures is continuously struggling to surpass the magical figure of $100.00
West Texas Intermediate (WTI), futures is continuously struggling to surpass the magical figure of $100.00 from the entire week. The oil prices have remained sideways amid the unavailability of any potential trigger that could guide the asset to a directive move. The black gold has traded in a $96.28-100.70 range and is likely to continue its consolidation further.