Gold investors celebrating Dhanteras see a 30% return over the past year. Analysts suggest further gains of up to 11% by next Dhanteras, driven by geopolitical concerns and monetary policies. Silver also shows promise with strong demand and future price targets set by experts.
Posts in category Economic Times
Gold Price Today: Yellow metal prices surge by Rs 2,600/10 gm in October so far, silver up by Rs 5,500/kg (28-10-2024)
Gold December futures opened at Rs 78,230, down 0.38%; silver at Rs 96,247, down nearly 1%. Analysts suggest selling strategies amid mixed market signals and geopolitical tensions.
F&O Radar| Deploy Bear Put Spread in Nifty to play a weak market (28-10-2024)
Nifty index faces its fourth week of decline, with significant call open interest suggesting resistance at 24,500 and 24,400. High put open interest is at 24,000, 24,200, and 24,400 strikes. Traders are advised to remain cautious and consider Bear Put Spread strategies amid prevailing bearish sentiment.
IndiGo shares tumble 13% after slipping to Rs 987 crore loss in Q2. Should you invest? (28-10-2024)
InterGlobe Aviation’s IndiGo shares dropped 13% after reporting a ₹987 crore loss in Q2 FY2024, compared to a ₹189 crore profit YoY. Revenue rose 14% to ₹16,970 crore. Major reasons include aircraft groundings and high fuel costs. Analysts have adjusted target prices and ratings accordingly.
Buy ITC, target price Rs 575: Motilal Oswal Financial Services (28-10-2024)
Motilal Oswal Financial Services recommends buying ITC with a target of Rs 575. ITC, a largecap company in the tobacco sector, is showing strong financial growth. Higher returns are expected after the demerger of its hotel business. ITC’s stable tax regime and improved capital efficiency suggest sustainable growth and a good dividend yield.
Axis Bank among 4 stocks showing RSI Trending Up (28-10-2024)
On October 25, four Nifty-200 stocks showed an uptrend, with RSI values crossing above 50, indicating strengthening momentum and potential buying opportunities for traders.
No Monday blues! Sensex rises 550 points, Nifty above 24,250 mark (28-10-2024)
Indian equity indices opened higher after five days of decline, driven by ICICI Bank’s strong quarterly results. BSE Sensex rose 319 points, while Nifty50 gained 62 points.
These 4 F&O stocks saw a high increase in futures open interest (28-10-2024)
As of October 25, there was a notable surge in futures open interest for four stocks in the NSE F&O pack, contributing to a total increase in open interest of over 10% as compared to the previous trade.
IDFC First Bank shares nosedive 10%, hit 52-week low as Q2 profit plummets 73% (28-10-2024)
IDFC First Bank Share Price: IDFC First Bank reported a 73% drop in Q2 standalone net profit to Rs 201 crore, with gross NPA at 1.92%. The CASA ratio stood at 48.9%, and retail deposits comprised 80.4% of total deposits. Brokerage firm Nuvama maintained a ‘Hold’ rating and lowered its target price to Rs 60, citing increased credit costs and deteriorating asset quality in the microfinance segment.
Nifty charts hint at recovery, first challenge at 24,350: Anand James (28-10-2024)
Clearly, a sell on rise approach has been visible so far, since the descent from September peak, during which there was hardly any period which witnessed higher highs. Such has been the bearish momentum during this period and all eyes are now on the 200-day SMA at 23372, which is about 3% from current levels.