BUSINESS
Historic Surge: Gold Prices Reach Unprecedented Heights in India
Chennai witnessed the most significant surge, with the price reaching Rs 64,530 per 10 gm for 24-carat gold during morning trade. Meanwhile, in Mumbai, Delhi, Bengaluru, and Kolkata, the price hovered around Rs 63,760 per 10 gm, marking an increase of Rs 810 from the previous day.
FPIs may turn sellers at higher market levels
FPIs have reversed their selling strategy in India. Decline in US bond yields and the resilience of the Indian market have forced the FPIs to halt their selling, he said.
'With more than 5% move in Nov, Nifty index looks to be 13% overvalued'
"While index starting valuation may not be a sufficient pre-condition for a price-correction, we do not expect any decent upside to the Nifty index over the next six months and do anticipate a time-correction," the report said.
Nifty Achieves Record Peak Amid Robust GDP Projections
Nifty closed at 20,267.90, marking a gain of 134.75 points or 0.67 percent, while the Sensex reached 67,481.19, climbing 492.75 points or 0.74 percent. The Sensex is now just 446 points away from its all-time high of 67,927.23.
Whirlpool India Witnesses 8% Drop in Shares Following Parent Company's Decision to Sell Up to 24% Stake
As of now, Whirlpool of India shares have fallen by 8.83 percent, trading at Rs 1429 on the Bombay Stock Exchange (BSE).
Raymond Independent Directors Affirm No Legal Mandate to Probe Matrimonial Disputes
Emphasizing their vigilance, the independent directors highlighted their commitment to safeguarding the interests of non-promoter minority shareholders, employees, and stakeholders amid the situation.
Piyush Goyal Urges Corporates to Amplify Investments, Citing India's 'Sweet Spot'
Addressing the gathering, Goyal stressed the competitive financing environment in India, attracting investments from those seeking greater stability.
Commercial LPG Prices Surge
In Delhi, the cost of a 19 kg LPG cylinder has surged to Rs 1,796.50, while in Kolkata, it stands at Rs 1,908. Mumbai and Chennai report prices of Rs 1,749 and Rs 1,968, respectively, for the same 19 kg LPG cylinder.
RBI Reports Over 97% Return Rate of Rs 2,000 Banknotes
Initially, the total value of Rs 2,000 banknotes in circulation stood at Rs 3.56 lakh crore when their withdrawal was announced.
Sensex Surges Above 67,000 on the Back of Market Momentum
Vijayakumar points out the Q2 FY24 GDP growth rate of 7.6 per cent, surpassing initial expectations.
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