The Indian rupee plunged to a record low of 94.90 against the dollar on Thursday, hitting an intraday nadir of 95.33. Intervention by the Reserve Bank of India helped pare losses, as the central bank aims to keep the currency above the crucial 95/$ mark.Read More
Indian benchmark indices are in a cautious phase, with technical signals gaining prominence. Market expert Ajit Nayak suggests a potential upside despite near-term uncertainty, citing a ‘liquidity sweep’ pattern. He advises watching key levels for Nifty and India VIX, recommending a hedged approach with specific stock picks.Read More
Indian companies are showing steady earnings despite global challenges. While consumption names like Nestle and HUL are performing well, Maruti Suzuki and IT firms have disappointed. High crude oil prices remain a concern, potentially impacting future earnings. The market awaits geopolitical resolutions and further earnings reports, with metals expected to shine.Read More
Gold prices are nearly flat, but poised for a weekly loss as soaring oil prices fuel inflation fears and expectations of prolonged higher interest rates. The ongoing Iran-US conflict is keeping markets on edge, with analysts predicting continued volatility. However, long-term forecasts suggest significant gold price appreciation.Read More
Market expert Sudip Bandyopadhyay warns Indian markets face significant risks. High oil prices and a potential monsoon deficit are major concerns. He advises investors to buy stocks slowly and gradually. Large-cap companies and businesses focused on the domestic market are recommended. Election outcomes are seen as temporary boosts. Oil prices need to stabilize for India’s economy to recover.Read More
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