Shares of Indian Railway Catering & Tourism Corp (IRCTC). jumped nearly 4% and are on course to extend winning streak for the fourth day.
Ananya
Gold Silver to Remain Volatile on Growth Worries, Inflation, Geopolitical issues
Gold silver price trade steady after inching lower in the previous session, as the dollar and Treasury yields pulled back slightly after U.S. FOMC minutes hinted policymakers may be less aggressive on future rate hikes.
Stock Recommendations For Today [18-08-2022]
Stock Recommendations For Today: Asian equities and U.S. futures declined as investors digested the uncertainty in Chinese economy. The U.S. and Federal Reserve minutes hinted at the need for delicate balancing act to tackle inflation while reducing the chances of a recession, simultaneously.
75 years of Independence: Sensex from 100 to 59000, Gauge for an Undervalued Stock Called India
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.
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.