Gold Price Analysis : Some analysts believe the precious metal may lose some more as rising yields and better than expected success in vaccination drive will lead money out of the non-yielding bullion. However, low level buying and wedding demand may provide some support.
Asia Hedge Funds Skirt Reddit Rout as China-focused Firms
Asia hedge funds largely avoided the Reddit turmoil that hammered some global peers last month, with many posting gains led by LyGH Capital and Pinpoint Asset Management. Snow Lake Capital and WT Asset suffered losses.
Ajanta Pharma’s net profit rose 64% year-on-year
Shares of Ajanta Pharma Ltd. rose to their highest in four years as sales surged across key markets in the third quarter.
India Can’t Afford to Go on a Debt Binge
India’s economy has suffered more than most from the pandemic and so have its people. The country has lost more than a year’s worth of growth and perhaps a decade’s progress in its efforts to reduce poverty. The economic contraction — the first in India since the 1970s — has put pressure on its government like so many others to respond.
BUY BANKNIFTY 34800 PE ABOVE 380 TRG 700-980 SL PAID
BUY BANKNIFTY 34800 PE ABOVE 380 TRG 700-980 SL PAID, Bond yields rose. And then they fell. All in the space of a couple of hours. In the middle, a scheduled bond auction fell through as traders tried to force the central bank to accept securities at a higher yield. The central bank rejected the bids, sending a signal that while it’s moving toward “normalising” liquidity operation, it will keep a tight rein on bond yields to ensure financial conditions don’t tighten.
SELL BHARTIAIRTEL BELOW 618 TRG 600-575 SL PAID
SELL BHARTIAIRTEL BELOW 618 TRG 600-575 SL PAID. Bharti Airtel Ltd.’s board approved raising as much as 75 billion rupees ($1 billion) as India’s second-largest wireless operator looks to build a war chest for an airwaves auction.
Zinc MCX Tips for Today Rocking All Target Achieved 209.40 Enjoy
Zinc MCX Tips for Today Rocking All Target Achieved 209.40 Enjoy. Zinc yesterday settled down by 0.02% at 205.65 hurt by a recent jump in inventories in the London Metal Exchange’s warehouses. Zinc inventories in LME warehouses were last at 293,800 tonnes, where stockpiles hit their highest since June 2017 at 294,500 tonnes.