RBI's interest rate decision, quarterly earnings and global cues would be the major driving factors for equity markets this week, analysts said adding that the impact of the Union Budget could linger on this week. Trading activity of foreign investors will also be a key driver for the markets, experts noted. "US and India's manufacturing PMI for January to be released on Monday, will be the key macro data to watch out for.
Macroeconomic data announcements, the last batch of Q1 earnings and global trends are the major factors that would influence trading sentiments in the equity market in a holiday-shortened week ahead, analysts said. Besides, trading activity of foreign investors would also be a crucial factor in dictating movement in the market. Equity markets would remain closed on Thursday for Independence Day.
Equity markets would take cues from domestic inflation data announcement, global trends and trading activity of foreign investors in a holiday-shortened week ahead, analysts said. Markets would remain closed on Tuesday for 'Diwali Balipratipada'. "As we enter a truncated week with Muhurat trading on Sunday, global cues will play a pivotal role in shaping the market direction.
Stocks of gold jewellery retailers have been able to retain their sheen in 2023 despite volatile gold prices. Kalyan Jewellers, Titan, PC Jewellers, Thangamayil Jewellery, and Tribhovandas Bhimji Zaveri (TBZ) have rallied 21-72 per cent so far since April as compared to a 13 per cent gain in the benchmark Sensex index. The rally gained steam on the back of gold's 6 per cen
Sridevi was the showstopper for PC Jewellers at the Bangalore Times Fashion Week.
In recent months, three companies - PC Jeweller, Vakrangee and Kwality - decided to withdraw their share buyback proposals
The final day of the India International Jewellery Week yesterday saw sponsors PC Jewellers put up an exclusive showing, with Mugdha Godse as their showstopper. Take a look.
The actor walked the ramp for PC Jewellers during India International Jewellery Week 2017.
We go down memory lane and take a look at the times Sridevi owned the ramp.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Madhuri Dixit Nene and Sonam Kapoor mesmerized the audience as they sizzled on the ramp, flaunting exquisite royal and ethnic designer diamond jewellery at the grand finale of the India International Jewellery Week organized in Mumbai.
'Investors with as little as Rs 1 can start investing in digital gold.'
Analysts expect more downside in this sector, with Titan still the preferred bet.
Shares of gold loan companies like Manappuram Finance and jewellery makers on Monday fell sharply by up to over 13 per cent, following weakness in gold prices which hit over 15-month low.
We bring you runway action from Day Five of India International Jewellery Week 2012!
Regaining the lost sheen, sales of gold jewellery and coins are set to touch pre-COVID levels in volume terms on the auspicious Dhanteras as easing pandemic concerns and pent up demand saw consumers flocking to stores to buy the precious metal. Increased footfall at stores and brisk sales online as well as relatively softer gold prices compared to record Rs 57,000 per 10 grams level in August spurred increased buying, especially light weight offerings, on Tuesday. Dhanteras is considered to be auspicious for buying precious metals and other valuable items.
Regulator probing jewellery houses for violation of collective investment scheme rules, says Shrimi Choudhary.
Shares of jewellery makers on Monday fell sharply by up to 20 per cent following dip in global prices of gold.
'Kindly advise about the following stocks. Can I hold or exit?'
A sharp decline in sales and prospects of a grim future have resulted in a fall in jewellery stocks.
Mid-cap information technology (IT) stocks dominate the list of companies that are trading significantly above their 200-DMA
While Mcleod Russel, ADF Foods, Indiabulls Real Estate, DCM Shriram and BSE have announced buyback through open market route, the remaining 23 companies plan to buy back their shares via tender offers
'2018 has seen a bi-polar market.' 'Thanks to gains in some key stocks, market returns are positive. But there has been huge wealth destruction in the small and mid-cap space.'
'Virat is the captain of the Indian side and Anushka is an A-list Bollywood actor. Something like this has not happened before.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Both the indices ended at their highest levels since February 1.
But the 30-share Sensex rose by 141.52 points, or 0.41 per cent, to close at 34,297.47. The broader NSE Nifty gained 44.60- points, or 0.42 per cent, to end at 10,545.50 after touching a high of 10,618.10.
The problem is actually acute in the diamond jewellery industry where there is no uniform criteria of inventory valuation unlike gold, whose prices are uniform and widely quoted.
The jewellery industry has welcomed the government's decision to ban old Rs 500 and Rs 1,000 notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes. But the unorganised builders and secondary (resale) property market would be adversely impacted.
Markets end in red; bluechips struggle to keep pace.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The 30-share Sensex provisionally ended up 46 points to end at 28,122 and the 50-share Nifty gained 20 points to close at 8,514.
Broader markers outperformed their larger peers.
TCS, Bajaj Auto, Adani Ports and Cipla were the top gainers on BSE Sensex while Coal India, GAIL, Dr Reddy's and Infosys lost the most on the index.
The Sensex ended down 134 points at 28,559 and the Nifty ended 35 points lower at 8,554
Earning woes drag markets lower; TCS, HUL lead fall.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Infosys, Wipro and HUL among the top losers for the day.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
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