Stock Recommendations For Today: India’s stock benchmarks advanced, aided by broad-based gains led by information technology, auto, banking, consumer durables, metals and power stocks. The resilience was seen across global markets as they withstood the hawkish comments from Fed officials at the annual conference in Jackson Hole, Wyoming.
Anil Yadav
Gold Holds Gain As Traders Weigh Outlook For Fed Tightening Path
Gold held an advance as investors weighed the outlook for the Federal Reserve’s monetary policy tightening path after new data pointed to some weakness in the US economy.
Bitcoin Price is ready to target the $60,000 level
Bitcoin price and performance of Asian stock markets are correlated, argued IMF officials. Several countries in Asia have adopted Bitcoin, Ethereum and cryptocurrencies, despite regulatory concerns. The rising risks of Bitcoin usage make it a sensitive environment for crypto in Asia.
Nifty Future Buy Zone Price 16,000—15,900 [Buy On Dips]
Writing in the column on June 25, I said, “…a possible point of forming a durable bottom. This straightaway means that the June 17 low should not be broken with any degree of conviction – meaning a bit of a poke here and there should be fine. With that as a caveat, we can now start thinking of longs as a clear stop-loss zone is available.”
Citi Warns Crude oil May Collapse to $65 by the Year-End on Recession
Crude oil could collapse to $65 a barrel by the end of this year and slump to $45 by end-2023 if a demand-crippling recession hits, Citigroup Inc. has warned.
Silver Double Bottom Support Breakpoint, Near the $21.50 key
Silver (White Metal) witnessed a short-covering bounce on the last day of the week and recovered a part of the overnight slump to its lowest level since July 2020. The recovery momentum extended through the early European session and pushed spot prices back closer to the $21.00 round-figure mark.
Analysts Expect Axis Bank’s Operating Expenditure To Remain High
Analysts Expect Reports: Axis Bank reported net income for the fourth quarter that beat the average analyst estimate. Growth in retail loans and lower provisioning aided the growth in net income.