This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
Amit Panghal displayed soldier's grit to stun the reigning Olympic champion for India's only boxing gold while two 50-plus bridge players proved that age is just a number with top finishes as the country achieved its best-ever medal haul at the Asian Games, in Jakarta, on Saturday. India equalled its best gold medal haul by touching 15, something that last happened back in 1951, as the overall tally surpassed the 65 in Guangzhou by three this time.
Mutual funds (MFs) invested a record Rs 1.73 trillion in equities in the financial year 2022-23 (FY23), providing strong support to the Indian markets at a time when foreign investors were redeeming their holdings. They exceeded the previous high of nearly Rs 1.72 trillion investment in equities in FY22. The data from the Securities and Exchange Board of India (Sebi) shows MFs were net buyers in the equity market in eleven of the twelve months last financial year.
Kajol and Revathy took a day off from work to visit Mumbai's famous Lalbaugcha Raja.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Images from Day 7 of the 2024 Australian Open in Melbourne on Saturday.
That was a phase, this is also a phase -- was philosophical Sushil Kumar's first reaction as he celebrated his third successive gold medal at the 2018 Commonwealth Games, the build-up to which was marred by a selection controversy and questions over his fitness.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
The 76kg category had eight wrestlers while the 68kg class featured nine wrestlers, where minnows like Bangladesh, Mauritius, Cameroon, Tonga and New Zealand were part of the field.
A round-up of results from the final day of the World Athletics Championships in Doha on Sunday
Women's hammer gold medallist Zhang Wenxiu of China has failed a doping test at the Asian Games and has been thrown out of the competition, the Olympic Council of Asia (OCA) announced on Friday.
India's top grapplers Bajrang Punia, Vinesh Phogat and Sakshi Malik are reportedly making a last-ditch effort to ensure Brij Bhushan Sharan Singh's close aide, Sanjay Singh, does not become the Wrestling Federation of India chief.
Chinese stocks plummeted 9 per cent on Monday
Gold is often favoured as a hedge against economic and financial uncertainty
Events proved that on every count the RBI had accurately predicted both the damage and the lack of benefit. What the RBI was hiding was the fact that Modi had ignored its concerns -- all of which turned out to be true -- and gone ahead anyway, asserts Aakar Patel.
Gold gained Rs 220 on Tuesday.
Silver also shot up by Rs 400 to Rs 34,400 per kg.
Forex reserves include a country's gold holdings and convertible foreign currencies held in its banks, including special drawing rights and exchange reserve balances, with the International Monetary Fund.
Key to Modi's plan will be the interest rates offered for gold deposits.
The MPs representing various political parties offered heartfelt tributes to the building that has been the epicentre of India's democratic journey.
The United States women's basketball team thumped Spain 101-72 to claim a sixth straight gold medal on Saturday to rubber-stamp their credentials as one of the greatest Olympic sporting dynasties of all time.
An alert has been issued by the Directorate of Revenue Intelligence, lead agency to check smuggling and customs duty evasion, to all international transit points across the country, official sources said.
Olympic medallist Yogeshwar Dutt on Thursday termed the suspension of the Wrestling Federation of India by the international body as "very distressing".
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Gold has held up better than many expected.
Sindhu, Sen look to regain lost touch in Canada Open
Gold prices are expected to slump by 5 per cent before the end of this month to $855 per ounce as leaders of G-20 nations agreed on Thursday that the International Monetary Fund should sell gold from its reserve to help stimulate the world economy.
Having exposure to international funds and gold is a must for those who have foreign currency-denominated goals.
American Laura Ann Wilkinson added a world championship title to her Olympic gold on Wednesday.
As the global economic slowdown takes hold, India's gold demand has recorded an all-time high quarterly growth of 66 per cent in the third quarter of the current calendar year as investors continued to find the yellow metal a safe haven.
At India's largest bullion dealer turnover has dropped to 20-30 kg a day from about 300 kg.
The initial public offering (IPO) market has seen some momentum of late with robust responses to recent issues. However, only some have been able to ride the wave. So far in 2023, 23 companies have let their approval granted by the markets regulator - the Securities and Exchange Board of India (Sebi) - lapse.
The government is doubling down on existing 'temporary' restrictions on the import of gold. Some were introduced under the last administration, and had a transitory effect, reducing gold imports through the official channel.
The Prime Minister's Economic Advisory Council Chief further said that 'inflation is showing signs of coming down and therefore attraction of financial products will be greater'.
American teenager Virginia Thrasher won the first gold medal of the Rio 2016 Olympic Games on Saturday, holding her nerve to clinch the women's 10m air rifle event.
While gold returned 12 per cent annual gain in 10 years, Nifty didn't exceed 9 per cent.
Going ahead, the likely implementation of the goods and services tax bill in July and how the monsoons play out will have a bearing on India's demand for gold and gold jewellery
The concept of gold as an asset capable of getting anytime money is evaporating.
