We expect gold prices to trade sideways toup in the comingweek with COMEX spot gold resistance at $1835 per ounce and support at $1777 per ounce.
PIA CHAUHAN
CE Info Systems Slips The Most In A Week [04-02-2022]
Shares of CE Info Systems fell over 4.5%, the steepest intraday decline in a week.
- The company approved acquisition of 75.98% of Gtropy Systems Pvt Ltd for Rs 13.5 crore. The indicative time period for completion of the acquisition is 45 days.
- Gtropy Systems, which belongs to IoE and logistics Software-as-a-Service Tech industry, had a turnover of 8.49 crore in FY21 and Rs 2.58 crore in FY2020.
- Gtropy Systems is likely to aid MapmyIndia in expanding IoT and SaaS solutions into CV fleet and OE market by providing route optimization, vehicle tracking, telematics and advanced navigation solutions.
- The company also declared interim dividend of Rs 2 per equity share bearing face value of Rs 2 each, for FY2022. The record date to ascertain the eligible members for the payment of interim dividend will be February 14, 2022.
Source: Bloomberg, Exchange Filing.
Indian Bonds Are Poised For The Worst Weekly Decline Since December 2019
Indian Bonds Are Poised For The Worst Weekly Decline Since December 2019.
- Yield on benchmark 10-year government bonds climbed 5bps to 6.94% Friday and is up 19bps this week.
- This is the biggest weekly jump since December 2019 and come after the government unveiled record borrowing plan for the next year.
Source: Bloomberg
Manyavar parent Vedant Fashions IPO opens; Should you subscribe?
Manyavar clothing brand’s parent Vedant Fashions IPO opens for subscription today, fora Rs 3,149-crore publicissue comprising entirely an offerfor sale of shares by promoters & existing shareholders.
Crude Oil Price Firm Ahead of OPEC Meeting – Gold Silver Reports
The crude oil price gained 17 percent in the month of January and Russia- Ukraine tensions and started the month of February on a positive note.
Budget 2022 LIVE Updates [01-02-2022]
Finance minister Nirmala Sitharaman presented the fourth Budget of the Modi 2.0 government today. The stage for the Budget presentation was set by the Economic Survey stating that the government has the fiscal space to do more to support the economy that is forecast to grow at a healthy 8-8.5 per cent growth in the 2022-23 fiscal.
Budget 2022 Share Market Live Update [01-02-2022]
Budget 2022 Share Market Live: Impact of Budget on Share Market Live News, Budget 2022 Share Market Live News