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Gold prices retreated from peak levels and traded Rs 1,300 lower at Rs 1,13,800 per 10 grams in the national capital on Wednesday, as investors rushed to book profits ahead of the US Federal Reserve’s policy decision.
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Erstwhile Indiabulls Asset Management Company (now known as Groww AMC), its schemes and former officials on Wednesday settled a case with Sebi pertaining to alleged violations of alternative investment fund rules after collectively paying Rs 1.43 crore.
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Sebi will “engage” with the government to allow banks, insurance companies and pension funds to invest in non-agriculture commodity derivative markets, its chairman Tuhin Kanta Pandey said on Wednesday.
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Indian markets are expected to remain range-bound with 8–9% Nifty returns over the next year, says Jefferies’ Mahesh Nandurkar. Strong domestic inflows support downside, but equity supply and weak FPI participation cap significant upside, keeping consolidation intact.
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Six NSE midcap stocks show extremely high TTM P/E ratios, signaling strong investor growth expectations but potential overvaluation. FSN E-Commerce, Paytm, BHEL, and others lead the list.
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Sensex rose 313 points to 82,693 as seven BSE 200 stocks hit 52-week highs, signaling bullish momentum. Gains ranged from 5% to 22% across auto, steel, industrial, and banking sectors.
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Investors focus on Vedanta’s demerger, DreamFolks’ setback, and GST-driven auto demand. L&T shows resilience, Reliance faces near-term limits, highlighting mixed short-term risks and long-term value opportunities across sectors.
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