Shares of brokerage-related companies nosedived 18 per cent on Sunday after Finance Minister Nirmala Sitharaman proposed raising securities transaction tax on commodity futures to 0.05 per cent from 0.02 per cent in the Union Budget 2026-27.
The Reserve Bank of India may move forward to accumulating more gold as the yellow metal is expected to shine in the years to come. "A weaker dollar could diminish the value of India's foreign exchange reserves and hence this could lead to further accumulation of gold by the RBI. This move will help India's central bank to hedge its downside risk on the foreign exchange reserves front," Angel Commodities Broking analyst Amar Singh said.
Acreage of these crops is likely to fall as prices drop below MSP in mandis; area under cotton, maize may increase on better realisation
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
Bullion may settle with limited upside potential
As macroeconomic fundamentals improve, Sensex will make new highs. Here're stocks that can give good returns.
Interview with Associate director (commodities & currencies), Angel Broking.
A survey by five brokerage houses -- SBICap Securities, Angel Broking, ICICI Securities, Motilal Oswal and HSBC Securities -- reveals that after a volatile calendar year which saw input costs rise to record levels in the first half and then fall dramatically in the second half, FMCG companies will now see the benefit, as it usually takes a quarter for falling costs to show in the results.
Agriculture activity, according to recent channel checks by Prabhudas Lilladher, is expected to continue at a strong pace in FY22.
Gold prices are likely to decline further to around Rs 24,500 per 10 grams by December if the rupee continues to rule at the current level.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The partially convertible rupee closed at 60.30/31 per dollar compared with 60.28/29 on Friday.
In the Mumbai domestic market, gold stood at Rs 30,000/10g, down 0.9 per cent, while silver fell 2.5 per cent to Rs 50,275 a kg.
Gold prices are set to drop further in the domestic market, owing to the rupee's appreciation.
Gold monetisation scheme will help unlock value of gold.
Gold looks cheap compared to the stock markets that are highly overbought at the moment.
IT stocks attracted robust demand on Monday, rising by as much as over 2 per cent, on hopes that the rupee's weakness will boost dollar revenues of the software firms.
While global uncertainty has led to a rise in prices in 2016, there is still a lot of doubt regarding its future.
Half of the sharp rise in stocks in 2014 was driven by re-ratings - rise in price-to-earning ratios on hopes the new government would turn around the economy which will reflect in corporate earnings.
A majority of economists predicted RBI Governor Raghuram Rajan would leave policy rates unchanged on Tuesday and expected a dovish commentary, as crude oil prices and inflation cool off.
Within the next 3 months, most brokers will enable you to intelligently invest via mobiles in MFs, FDs, and IPOs.
Experts feel oil prices will remain volatile with an upward bias.
Gains were led by HUL on better-than-expected margins in March quarter and capital goods shares.
Experts believe volatility is here to stay for some time, at least till China stabilises and clarity regarding the US Fed's interest rate move emerges.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
'The focus is more on the outlook for global growth'.
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
Bank shares were the top gainers led by ICICI Bank.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
Experts say the BSE Sensex could rise to around 32,000 in a year.
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Returns on godl have depleted in past few years,
In spite of the high number of exits, Reliance group firms of both brothers continue to be darlings of small investors
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
Brokerages expect Nifty50 firms to post 11.8% growth in net profit in Q1 but sales may decline
We present our alphabet of 2020, pulling in everything you'll remember about this year we'd rather forget.
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