India's first-ever listed new-age company, Zomato, has seen a meteoric rise in its stock price in calendar year 2023 (CY23), rising 70.75 per cent during this period as compared to 9.5 per cent rise in the S&P BSE Sensex. From being the second worst hit new-age stock in CY22, crashing 57 per cent on the National Stock Exchange (NSE), the stock hit the Rs 100-mark for the first time since January 2022 in late August. The stellar run in the stock - only after PB Fintech and One97 Communications-owned Paytm, analysts say, may be coming to an end, at least for now.
Physical assets such as gold and real estate have their own positives and negatives, while other financial assets such as mutual funds, stocks and bonds come with their pluses and minuses. Let us look at both options in a little more detail.
Hosts Mumbai City FC suffered their third defeat in a row after going down 0-2 to North East United FC in a lop-sided Indian Super League game, in Mumbai, on Wednesday.
Amidst recession and job losses, Britons of Indian origin and others have been flocking to jewellery shops to cash in on rising price of gold, selling their rings, chains and even dental braces made of gold.
Gold was among the least bruised by Monday's selloff, dropping half a percent versus a 6 percent slide in Brent crude and a 2 percent decline in copper.
'He was a cricketer who come once in a lifetime...'
India's Vinesh Phogat had to be contend with a silver medal in the Asian Wrestling Championship after losing 2-3 to China's a Chun Lei in the summit clash of the women's 50kg freestyle event in Bishkek, Kyrgyzstan.
In the June quarter of FY24, 51 per cent of consumers who took small-ticket personal loans already had more than four credit products at the time of accessing yet another new loan, compared with just 17 per cent in the June quarter of FY20, points out Tamal Bandyopadhyay.
The Birmingham showpiece will be held from July 28 to August 8.
Movements in gold prices will depend on the US' interest rates.
A summary of sports events and sports persons, who made news on Thursday
The rise in consumer price index (CPI) inflation could see the Reserve Bank of India (RBI) in an extended pause mode as regards interest rates, and in turn, keep the market rally in check, believe analysts. Signs of inflation cooling off in the US, however, is likely to provide some cushion as the expectations of a change in stance by the US Fed as regards interest rates is likely to aid sentiment. Back home, CPI inflation surged for the first time in five months to 4.81 per cent in June 2023, and was higher than the street's expectations of 4.58 per cent.
Traders said fall in demand from jewellers and retailers at existing levels mainly led to the fall in gold prices but a better trend overseas restricted losses.
Silver also found buying support and gained Rs 150 to Rs 37,350 per kg.
Five-time World champion MC Mary Kom punched her way to a gold medal in the 51kg category, defeating Pinki Jangra in the final on the concluding day of the 12th Senior Women's National Boxing Championships in Bhopal on Sunday. In the day's most-anticipated bout, the Manipur ace proved a class above Arafura Games gold medallist Pinki, from Haryana, in the final of the flyweight division, at the Tatya Tope stadium.
Pooran and Badoni's stand and the fine spell of bowling from the spinners in the middle overs helped choke the runs and LSG, wearing Kolkata football giants Mohun Bagan's red and gold colours, going home triumphant, could go down as one of the ironic moments in IPL 2023.
Gold witnessed its second biggest loss this year of Rs 600 to Rs 27,300 per 10 grams due to reduced offtake amid weak global trend.
Traders had accumulated stocks when the FM hinted of a duty hike.
'As long as economic growth remains steady, creating jobs and generating stable incomes, the rise in home loans should not create problems.' 'If the growth trajectory changes course over the medium term and interest rates rise along with inflation, the expanding trend in home loans may not sustain.'
Gold prices on Monday recovered by Rs 25 to trade at Rs 27,475 per 10 grams at the bullion market on pick-up in demand from jewellers.
Silver followed suit and lost Rs 350 at Rs 43,950 per kg on reduced offtake by industrial units and coin makers.
Gold in New York, which normally sets price trend on the domestic front, rose by 0.90 per cent to $1,326.90 an ounce and silver by 0.43 per cent to $20.96 an ounce on Monday night.
Festive demand for gold in India got off to a tepid start, with local prices still at a heavy discount to the global benchmark, a bad sign for a period when buying is typically strong.
'After household expenses, we are left with nothing...' 'Sometimes I think it is better to shut the store...'
IMAGES from the ICC World Cup match played between Afghanistan and Pakistan in Chennai on Monday.
It was disappointing for Jinson Johnson not to win the 800m but the 1500m Asiad champion was far from surprised that compatriot Manjit Singh pipped him for the top prize in his pet 800m event.
H S Prannoy stunned two-time defending champion Viktor Axelsen of Denmark in a thrilling 68-minute quarter-final to ensure a medal for India.
The underperforming metal for 2017 expected to return 17-20%
Gold plunged by Rs 340 to Rs 30,660 per ten grams in the national capital on Friday on fall in demand amid a steep decline in the global markets.
In the past 18 months, the department of revenue intelligence has seized 50 containers of cigarettes, valued at nearly Rs 200 crore
Gold prices are already moving fast to the key level of Rs 30,000 per 10 gms
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Gold companies have started reducing production. This implies that gold prices will not go on a free fall anytime soon
Gold prices nose-dived across the country on Friday on panic selling by stockists, triggered by a fall in overseas markets amidst off marriage and festival season and recorded losses between Rs 100 and Rs 180 per ten gram.
At nine-month high, current prices attractive; consumers want to cash in before a correction
Amit Panghal will be eager to exorcise the ghosts of disappointing Tokyo Games
Traders attributed the recovery in gold prices to fresh buying by jewellers to meet festive season demand and a firming global trend as investors weighed tension over Ukraine.
Traders said stockists booking profits at prevailing higher levels following a rise of Rs 350 against sluggish demand mainly kept pressure on gold prices.
Bhool Bhulaiyaa 2 is one of 2022's rare blockbusters and Producer Murad Khetani understandably is in the mood to party.
A crash-like condition developed in the bullion market on Thursday as gold prices suffered the third consecutive major loss on panic selling by stockists induced by a steep fall in overseas markets.
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