Gold is often considered a 'hedge' against an economic uncertainty.
In October, CPI inflation was 5 per cent.
However, volatility is likely to be on the rise, said Benjamin Yeo, MD & CIO (Asia & Middle-East) for Wealth & Investment Management, Barclays.
The broader NSE Nifty scaled a high of 10,856.55 before closing up by 55.90 points, or 0.52 per cent
'The market movement will be largely driven by earnings growth.'
The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.
Sustained demand for the dollar is the reason.
Markets ended higher, amid firm global cues, and are on track for third straight day of gains.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
While enjoying long-awaited economic good times - and hoping they will last as long as possible - some caution and some prudence might be the best protection against bad surprises, says Claude Smadja.
The home currency failed to keep momentum going and largely traded in a narrow range with positive bias in the absence of any market moving factors
RBI Governor Raghuram Rajan on February 2, left the key interest rate unchanged citing inflation.
Finance Minister Arun Jaitley on Sunday asserted that India's "real economy" will dictate both the currency valuation and the market.
Other than ITC, other laggards include PowerGrid, Infosys, M&M, NTPC, SBI, HDFC, Kotak Bank, HDFC Bank, TCS, Hero MotoCorp, Coal India, ONGC, RIL, Asian Paint, IndusInd Bank, ICICI Bank, Maruti Suzuki, Bajaj Auto, Tata Motors, Bharti Airtel and Axis Bank.
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
Plan your investment and borrowing decisions, keeping in mind that possibility of interest rates heading north in India this fiscal.
'The probability of another negative year in 2019 is low.'
Profit-booking by participants in view of the domestic markets' recent record-setting run fuelled the downtrend
The precious metal had gained Rs 1,240 in the last eight days.
Bullion merchants said increased buying by jewellers and retailers to meet wedding season demand and a firming trend overseas where gold surged to one-month high, mainly boosted the sentiment.
The broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
The Indian rupee on Monday reacted downwards by 12 paise to log nearly one-week closing low of 63.41 against the Greenback.
Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.
The data reimbursed via Gigato is unrestricted.
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
The current account balance is the single most important indicator to assess an economy's health.
UBS reduced its Nifty target to 8,600 by December from 9,200.
Sensex ends lower; govt schemes in focus.
Investors need to understand and keep in mind how interest rates and the stock markets are related in order to make informed decisions.
The inflows came against the backdrop of US Federal Reserve's decision to start reducing its bond purchases by $10 billion, to $75 billion, from this month.
'Helicopter drop' was first proposed as an alternative to quantitative easing.
The July-September quarter GDP numbers are due on November 30.
Fresh dollar selling by banks and exporters largely helped the home currency to recover from early losses
In Singapore, oil prices eased in Asian trade today on a mixed US inventory report indicating tepid demand, while expectations of a return of Libyan supplies also weighed, analysts said.
Investors not stop their SIPs or STPs due to election-related uncertainty.
Achieving inflation target of 4 per cent, recovery after remonetisation and hardening profile of oil prices are some of the risks which the RBI is watching closely, says Gaurav Kapur.
Retail inflation crossed the RBI's comfort level and rose to 5.21 per cent in December on increase in prices of food items.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances