Gold and silver prices are expected to trade within a narrow range this week. Investors await key US economic data, especially non-farm payrolls, for Fed policy direction. Purchasing managers’ index data from major economies will also be closely monitored. Developments concerning the US-Iran conflict and crude oil supplies will influence sentiment. Analysts anticipate gold to
Starting August 3, Sebi will implement a new Closing Auction Session for F&O stocks. This session will determine the official closing price after regular trading concludes. Trading hours in the equity derivatives segment will also extend by ten minutes. The pre-open session has been revised with new order entry and matching times. These changes aim
India’s largest listed firms saw market value increase by Rs 2.51 lakh crore last week. Nine of the top ten most-valued companies experienced valuation gains on Dalal Street. Bajaj Finance led the surge after reporting strong June-quarter earnings, while Hindustan Unilever declined. The BSE Sensex and NSE Nifty indices climbed significantly, reflecting positive market sentiment.
Foreign portfolio investors returned to Indian equities in July after four months of outflows. They invested twenty thousand two hundred crore rupees in stocks during July. This renewed interest stems from attractive valuations and improving corporate earnings. Foreign investors also showed strong interest in the Indian debt market during July. Overseas developments and domestic events
The stock market faces a crucial week with key domestic and global events. The Reserve Bank of India’s interest rate decision is a major focus for investors. Geopolitical developments in West Asia and crude oil prices will also influence sentiment. Several large companies are set to announce their quarterly earnings results. Foreign investors turned net
In a significant move, Capital One has closed the Trump Organization’s accounts, citing anti-money laundering concerns backed by detailed analysis and adherence to internal policies. This action occurs amidst ongoing legal disputes initiated by the Trump Organization, which accuses the bank of discriminatory ‘debanking’ based on ‘woke’ ideologies. Capital One is now seeking dismissal of
India’s passenger vehicle sales saw robust growth in July. Leading manufacturers like Maruti Suzuki and Hyundai reported record monthly dispatches. Tata Motors and Mahindra & Mahindra also posted substantial increases in their sales. This strong momentum was supported by government demand-boosting measures. Automakers benefited from favorable economic conditions throughout the month.
Total forex mobilization under RBI’s concessional dollar swap facility has exceeded forty billion dollars. This amount more than doubled in just a fortnight, surpassing previous deposit drives. Foreign Currency Non-Resident (Bank) deposits formed the largest portion of these inflows. The facility encourages overseas fund mobilization and boosts foreign exchange reserves. This scheme remains available until
Several automakers achieved record July sales, largely due to new sport utility vehicle launches. Maruti Suzuki and Tata Motors reported significant year-on-year growth in their passenger vehicle segments. Mahindra also saw substantial increases in its utility vehicle sales during the month. Hyundai and Kia India posted their best-ever July wholesale volumes, driven by their SUV
Goods and Services Tax collections rose 15.4 percent to Rs 2,11,205 crore in July. This increase was largely due to a 29 percent jump in integrated GST on imports. Strong economic activity and higher commodity prices also contributed to the robust tax collections. Central GST mop-up increased 12.3 percent while state GST grew 8.7 percent.
