MCX February gold futures were trading at Rs 63,225 per 10 grams, minutes after opening, up Rs 22 or 0.03% from Friday’s closing price. Meanwhile, the March Silver futures were trading at Rs 74,260 per kg, lower by Rs 170 or 23%.
Nifty, Sensex start new year in red, valuations stretched, vulnerable to corrections: Analysts
Benchmark indices opened marginally lower on January 1 with Nifty around 21,700. BPCL, Coal India, Dr Reddy#39;s Labs, Grasim Industries and Divis Labs were among major gainers on the Nifty.Sonia Dasgupta on three significant trends in the private equity market in 2023
Emergence of the Healthcare sector: India has seen an increase in investments in the hospitals/healthcare sector (Rs 39,000 crore)in 2023 as compared to Rs 6,500 cr in 2022), with 2023 seeing large investments in Manipal Hospitals, CARE Hospitals, Indira IVF, Maxivision Eye Hospitals among others.
Concurrent Gainers: These 5 Nifty stocks gain for 5 days in a row
ETMarkets identified five stocks in the Nifty50 index throughout the week that consistently demonstrated an upward trend in their stock prices.
Rich Rout! These top 6 billionaires lost more than $80 billion this year
Six moguls including Gautam Adani and Zhang Yiming have lost large chunks of their wealth this year amid a sharp drop in their stocks’ market value.
Wall Street ends slightly lower, capping blockbuster year
The stock market has seen remarkable upward momentum in the closing months of the year, powering all three major indexes to monthly, quarterly and annual gains.
We must avoid market bubbles through policy & regulation: Uday Kotak
Outlining a financial sector model for 9% annual growth and a GDP of $30 trillion by 2047 on microblogging platform X, Kotak said on Friday that a tussle between the “saver/borrower” and “issuer/investor” model was currently underway.
EMs poised to end year with best gains in years
MSCI’s benchmark stock gauge for emerging-market equities is on track for a 6.7% advance this year, snapping a two-year losing streak. Its currency equivalent index is headed for a 4.7% gain, its biggest yearly rise since 2017.
Taking Stock: Sensex, Nifty end lower in the last session of 2023; banks, IT see selling
Overall, both indices, along with all broader market indices, finished 2023 on an upbeat note as the benchmark indices Nifty 50 and BSE Sensex hovered near all-time highs, gaining 20% and 18%FO Manual | Slight profit-booking kicks in, but sentiment for Nifty stays positive
Analysts believe the breather in the market is welcomed as the recent bull run had pushed the Nifty 50 into an overbought zone. Nonetheless, they believe the underlying sentiment in the market still remains bullish.