Average returns by gold over the past five years are at 8.43%. Its best six-month performance has been in 2020, the year of Covid lockdowns. That year gold yielded nearly 25% returns. The next highest are in 2024 at 13.26%. In H1 of 2022 and 2023, the returns were 5% and 6%. It has given negative returns of 6.60% in 2021.
Brokerage firms such as UBS have maintained a buy rating on L&T Finance, while JP Morgan maintained an overweight rating on Bajaj Finance, Citi has initiated coverage on Indegene and maintained a sell rating on Gujarat Gas.
Reflecting on past milestones like 50,000 and 75,000 reveals them as profitable buying opportunities, with investors earning double-digit returns even from earlier 'record high' levels. The recent 10,000-point increase from 70,000 to 80,000 signifies a 14.4% growth, while reaching 90,000 from 80,000 will necessitate a 12.5% gain. Maintaining a consistent investment approach remains wise, irrespective of market highs.
The markets are reacting positively in anticipation of a good budget with a focus on infrastructure spending and the reappointment of key ministers has been perceived positively.
But it seems like the markets have regained confidence. Third term, same government, acceleration towards infrastructure investment I think that is what is driving this optimism.
More than half of the 24 respondents estimated that the NSE Nifty 50 Index may advance up to 26,000 points by the end of 2024, while one predicted the gauge can climb even more.
3M India is expected to draw attention today following its announcement of a dividend of Rs 685 per share for eligible shareholders alongside its Q4 FY24 results. With July 5 set as the record date, today marks the final opportunity for investors to purchase shares to qualify for the dividend payment.
The “risk on trade” which took a pause for a while is back on the street. Will the budget and change in the direction of the global interest rate cycle add further fuel to the rally is a big question. Keep an eye on liquidity and the market breadth in the next few weeks as that will determine what happens to mid-cap stocks in the medium term. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". Читать дальше...
Following rumors that Bhole Baba was staying at an opulent ashram in Mainpuri, Deputy Superintendent of Police (DSP) Sunil Kumar stated on Thursday that "Baba has not been located within the ashram."A lawyer representing Bhole Baba asserted on Wednesday that "miscreants" were responsible for the stampede at the preacher's 'satsang' where 121 people tragically lost their lives the previous day, contradicting initial findings suggesting the incident occurred as followers surged to gather soil touched by his feet.
The Rohit Sharma-led team will stay at the ITC Maurya in Delhi for a while before heading to meet Prime Minister Narendra Modi at his office, where a small function is organised. After meeting PM Modi, the players will travel to Mumbai for an open bus parade at Marine Drive.
The market's high valuations necessitate positive earnings surprises for comfort, with bond yields and investor sentiment influencing market trends significantly.
A groundbreaking study encompassing cities such as Chennai, Shimla, and Varanasi sheds light on the alarming correlation between increased PM2.5 levels and elevated daily mortality rates. The research underscores the urgent need for strategic interventions to combat air pollution and safeguard public health in various urban areas across India.