Gold reached a new record high, fueled by expectations of Federal Reserve rate cuts following weak US payrolls data. Traders are pricing in multiple rate cuts this year, boosting gold’s appeal as a non-interest-bearing asset. The metal’s rally is also supported by central bank purchases, geopolitical tensions, and concerns about the global economy, with analysts predicting further gains.Read More
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as bullish, indicating the potential for further upward movement in the stock.Read More
US equity indices surged, with the Nasdaq reaching a new record, fueled by anticipation of Federal Reserve interest rate cuts following benign inflation data. Sam Stovall of CFRA Research noted growing investor confidence in lower rates.Read More
RailTel share price: RailTel has secured orders worth over Rs 700 crore from the Bihar Education Project Council. The contracts include Smart Classrooms, ICT Labs, ISM Labs, and teaching materials across government schools, aimed at boosting digital education and bridging the learning gap.Read More
Infosys share price: Infosys board is set to consider a buyback proposal on September 11. The move comes after a 25% stock slide in a year, aiming to boost investor confidence amid weak IT sector sentiment, muted growth guidance, and global headwinds.Read More
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