Market Bizzz

The 30-share BSE Sensex ended 33 points higher or 0.1% to settle at 74119 points. The NSE Nifty gained 19 points or 0.1% to end at 22493 points.

Gold prices rose on Monday, and hovered near a record peak hit in the previous session, as remarks from Federal Reserve Chair Jerome Powell and U.S. economic data last week cemented hopes for a rate cut in June.

“Worries over weak demand in China outweighed the extension of supply cuts by OPEC+,” said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities, adding that mixed signs from U.S. jobs data prompted some traders to adjust positions.

The introduction of regulations is set to enhance investor trust, broadening the embrace of the growing asset category. This effort is expected to offer vital backing to real estate developers, creating an extra opportunity to capitalize on assets and inject essential liquidity into the industry.

ETMarkets identified six stocks within the BSE200 index that consistently rose in price throughout the last five trading sessions.

Anuj Gupta, Head Commodity & Currency, HDFC Securities recommends long-term investors to accumulate gold in a staggered manner rather than investing in one shot. A 3% to 5% correction in gold prices is a good opportunity. Equities, bullion, and cryptocurrencies are all performing well. Safe haven premiums, high liquidity, and the Fed nearing a pivot will keep gold shining.

Gold reached an all-time high of $2,185.19 after a report showed a rise in the U.S. unemployment rate and a moderation in wage gains despite job growth acceleration in February.

Nvidia’s market capitalization currently hovers around $2.38 trillion, lagging Apple by just about $230 billion and Microsoft by about $645 billion. Nvidia, which is up 95%, and Meta Platforms, which is up 46.6% so far this year, have also outperformed shares of other members of the so-called Magnificient 7, highlighting investors’ insatiable appetite for everything AI.

The leading cryptocurrency topped the $70,000 mark for the first time, boosted by investor demand for new U.S. spot exchange-traded crypto products and expectations for global interest rates to fall.