Gold Forecast: Bullion Prices corrected sharply in the last session as the dollar pared losses while investorsfocused on the outcome of the US Senate run-off election in Georgia. Therefore, that gold prices outlook will remain in the range between Rs 50300 — Rs 51300 levels in the short-term.
Stock Market
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Nifty Likely to Maintain its Strong Momentum – GSR
The elevated price-earnings of the benchmark Nifty 50 may sustain in the near term given the favourable ratio between the 10-year government bond yield and the earnings yield of the index.
Global Markets: Stocks slip as markets await U.S. stimulus
Stocks slipped on Thursday as investors waited for signs of agreement on a U.S. stimulus package, while the U.S. dollar slumped to a two-year low on fears that the recovery in the world’s biggest economy was lagging others.
Yes Bank Raises $543 Million From Investors Ahead of Public Sale
Yes Bank Ltd. raised 41 billion rupees ($543 million) from a dozen select investors as part of its $2 billion public share offering.
Hindustan Zinc Seeks to Raise $665 Million for Vedanta Delisting
Hindustan Zinc Ltd., controlled by billionaire Anil Agarwal, is seeking to raise as much as 50 billion rupees ($665 million) through local currency bonds to help finance a plan to take its parent private, according to people familiar with the matter.
HDFC Bank Probes Lending Practices at Vehicle Unit
HDFC Bank Ltd. has conducted a probe into allegations of improper lending practices and conflicts of interests in its vehicle-financing operation involving the unit’s former head, according to people familiar with the matter.