Gold Silver Reports (GSR) – Sobha Shares Surge After Reporting New Sales Volume For December Quarter — Shares of the real estate developer rose as much as 10.8 percent, the most in over two months to Rs 564, after the company said that its new sales volume in the fourth quarter rose 40.4 percent at 10.15 lakh square feet, according to its stock exchange notification.
Put Call Ratio April 6, 2018
Put Call Ratio Nifty PCR at 1.42 versus 1.33. Nifty Bank PCR at 1.96 versus 0.99.
India RBI Key Points of the Monetary Policy Statement
Gold Silver Reports (GSR) – India RBI Key Points of the Monetary Policy Statement — Reserve Bank of India Governor Urjit Patel and his monetary policy committee lowered inflation projections on Thursday, raising expectations that interest rates will be on hold for sometime to come. That may boost flagging investments and demand, both of which were hit by a cash ban imposed in late 2016 and the chaotic implementation of a consumption tax last year.
Consumer Confidence Fell In March After December Uptick: RBI Survey
Gold Silver Reports (GSR) – Consumer confidence weakened in the March-ended quarter mainly due to mounting concerns over the country’s economic progress and employment growth.
Trump Escalates Trade Tensions With Call for New China Tariffs
Gold Silver Reports (GSR) – The move threatens to unravel efforts by top U.S. and Chinese trade officials to lower the heat and reach an agreement that could stave off an escalating conflict, after the release of a list of tariff targets earlier this week prompted immediate threats of retaliation from Beijing.
Stocks To Watch: Coal India, HCL Tech, InterGlobe Aviation, Indian Oil, RCom
Gold Silver Reports (GSR) – Stocks To Watch: Coal India, HCL Tech, InterGlobe Aviation, Indian Oil, RCom – The NSE Nifty 50 index rose 1.9 percent or 197 points, the most since May 26, 2016, to 10,325 and the S&P BSE Sensex surged 577.73 points or 1.75 percent to 33,596.80.
Gold Price Seen ‘Moving North’ as World Fails to Replace Output
Gold Silver Reports (GSR) – Gold Price Seen ‘Moving North’ as World Fails to Replace Output — “Gold has a much higher probability of moving north as opposed to south,” Letwin said in an interview at a mining conference in Hong Kong on Thursday. “I’ve been around a long time; when you’re in an industry that’s not replacing what it produces, eventually, the price has to move up.”