While Sebi has completed one round of stress test reviews, it wants funds to test for more adverse scenarios, report says
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Global gold demand down 5% in 2023 on continuing ETF outflows: WGC Report (31-01-2024)
Global gold demand declined 5 per cent to 4,448.4 tonnes in 2023, compared to the previous year, mainly due to continuing Exchange-Traded Fund (ETF) outflows, according to the World Gold Council (WGC) report.
The overall global gold demand was 4,699 tonnes in 2022, according to WGC’s Gold Demand Trends report 2023.
According to the report, global gold ETFs saw a third consecutive annual outflow, losing 244.4 tonnes compared to 109.5 tonnes in 2022.
Losses were most marked in Europe, where holdings fell by 180 tonnes – the worst annual performance since 2013.
The pace of outflows slowed markedly into year-end, but October’s hefty outflows dominated the fourth quarter (October-December), it added.
Outflows from European funds have continued in the opening weeks of 2024, and North American-listed funds have resumed their decline after a two-month respite in November and December, the report said.
Strong equity performance and continually shifting expectations surrounding the timing
L&T, Hero Moto, HUL, IRFC: Stocks to watch ahead of interim budget 2024 (31-01-2024)
Cables and switch companies are expected to benefit from a fillip to housing construction activities and urban infrastructure, as per experts
L&T sinks 7% as margins disappoint, weakness likely in order wins till June (31-01-2024)
The company’s management indicated the pace of new orders in the domestic market had slowed and there would be weakness for the two quarters between now and June 2024 owing to the Lok Sabha elections
Here are the most crypto-ready cities in 2024: New York leads, Tokyo worst (31-01-2024)
Los Angeles is the city with the most crypto ATMs (1810 ATMs) in the world.
Stocks to Watch on Jan 31: TCS, L&T, Dr Reddy’s, Policybazaar, Coromandel (31-01-2024)
Stocks to watch on January 31, 2024: Nova Agri Tech will make its debut today. The issue price is Rs 41
Gold price climbs Rs 220 to Rs 63,270, silver rises Rs 300 to Rs 76,500 (31-01-2024)
The price of 22-carat gold jumped Rs 200, with the yellow metal selling at Rs 58,000
Stock Market LIVE: Sensex zooms 500 pts in pre-interim Budget 2024 rally (31-01-2024)
Stock market Update on Wednesday, January 31: Broader indices, however, were seen trading with a positive bias. PolicyBazaar, IFCI top movers.
Nifty forms dark cloud cover pattern; NCC, Maha Bank buy calls for Jan 31 (31-01-2024)
Nifty has formed a bearish Dark cloud cover pattern on daily charts. It could now face resistance at 21,813 while 21,429 could offer support
Nifty PSU Bank in correction, Nifty Private Bank facing near-term downturn (31-01-2024)
The Nifty PSU Bank index is undergoing a correction phase, and a fresh buying momentum is anticipated only if it closes above 6,225, as per Ravi Nathani