Russia likely to cease-fire in Ukraine : Apparent progress in ceasefire talks has put a dent in safe-haven flows. Subsequently, gold tumbled beneath the $1,900 level. The path of least resistance appears to the downside amid positive Russo-Ukraine updates, economists at TD Securities report.
BSE Invites Applications For New CEO
BSE, Asia’s oldest stock exchange, invited applications for a new managing director and CEO.
Gold Declines as a Rising Dollar Saps Demand [29-03-2022]
Gold dropped as a rising dollar sapped demand for the haven asset. A gauge of the dollar climbed to the highest in more than a week, while yields on two-year Treasuries surged as much as 14 basis points earlier to lead increases across the curve. Higher rates reduce the appeal of non-interest-bearing gold.
Buy Nifty Between 16,800 to 17,000 | Neal Bhai Reports
Nifty Under Buy on Dips: Being long in the market last week helped, as the benchmark index did move higher and fared reasonably. It was not all smooth sailing as intra-week volatility was visible. But bite was missing in the selling and sentiment repair was evident from the fact that the market made an attempt to move higher every chance it got, and breadth too was fairly broad-based.
Gold Jeweler Joyalukkas Files for $300 Million India IPO [26-03-2022]
Gold jeweler Joyalukkas India Ltd. plans to raise as much as 23 billion rupees ($300 million) from an initial share sale, seeking to tap into the growing demand for the precious metal in the world’s second-biggest consumer.
Motherson Sumi Surges After Securing First Order From Boeing
Shares of Motherson Sumi Systems rose over 5%, the most in seven sessions, after the company bagged its first order from Boeing.
MCX Silver Trend Bullish, Under Buy on Dips – Neal Bhai [25-03-2022]
MCX Silver Trend Bullish: Gold prices are trading at 15 days high and are once again looking prime for fresh up moves till 53000. 51000 seems to be solid support for now and we are seeing buying emerging around that levels.