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Avenue Supermarts, which operates retail store chain DMart, on Saturday reported a 4% growth in its Q2 net profit at Rs 685 crore versus Rs 660 crore in the year ago period. The profit after tax (PAT) is attributable to the equity holders of the parent.
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SIP inflows stayed robust despite flat Nifty returns, reflecting disciplined retail investing. Gold ETFs and multi-asset funds saw strong gains, while smallcap inflows moderated and midcap funds attracted steady investments amid valuation caution.
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Nifty gained 1.57% last week, oscillating within a symmetrical triangle and testing key resistance at 25,550. While Auto, Metal, and PSU Bank sectors show relative strength, Midcap, Commodities, and Financials lag. Traders should adopt stock-specific strategies, protect profits, and monitor global macro cues.
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Robert Kiyosaki reaffirmed his bullish outlook on silver and Ethereum, predicting silver could reach $75 per ounce. Silver recently crossed $50, hitting an 11-year high, driven by industrial demand, inflation hedge appeal, and weak rupee support.
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Amid a flat BSE Smallcap index, 38 smallcap stocks surged with double-digit weekly gains. Jindal Photo led with 41% rise, followed by Indo Thai Securities, Indraprastha Medical, GM Breweries, and others.
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