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Silver prices plunged Rs 3,917 to Rs 2.47 lakh per kilogram in futures trade on Monday as elevated crude oil rates amid inflation concerns dampened investors sentiment.
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Shares of Kolkata-based companies surged after early trends in the West Bengal Assembly elections showed a strong lead for the BJP. Stocks like Baazar Style Retail, Senco Gold and CESC rallied on expectations of higher consumption and economic activity, although analysts caution that the market impact may remain short term.
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CARE Ratings Limited and National Stock Exchange of India have launched PaRRVA, a framework to verify performance claims in the securities market. Conceptualised by Securities and Exchange Board of India, the platform aims to independently validate risk-return data and standardise disclosures for investors as market participation grows.
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Gold prices are consolidating near key support levels around Rs 1.5 lakh after a brief correction, with analysts recommending a buy-on-dips strategy. Market direction hinges on upcoming US Nonfarm Payrolls data, which could influence dollar strength and interest rate expectations, thereby determining gold’s next breakout or continued range-bound movement.
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Valor Estate shares hit a 20% upper circuit after the Bombay High Court ruled in its favour in a long-pending Bhayandar land dispute. The verdict removes ownership uncertainty over a key land parcel, boosting sentiment. The company is now positioned to explore development and monetisation opportunities linked to the asset.
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