According to dealers, the stock is expected to stay at elevated levels as it is expected to be traded in the T2T category for the next 10 days.
Delisting reform may spur M&A activities, while introduction of silver ETFs will expand the commodity universe for the investors.
Sebi gave its nod to set up a Gold Exchange, which is expected to create a vibrant gold ecosystem in India commensurate with the country’s large share of global gold consumption.
Market experts are of the view that the most awaited correction will begin to raise its head from the trading week beginning Monday and some indication on this was seen in Friday’s trading
The Sensex closed on Friday at 60,048.47, a gain of 163.11 points, up 0.27 per cent while Nifty ended 30.25 points higher at 17,853.20, up 0.17 per cent
Godrej Properties stocks hit their yearly high of Rs 2,120, and was trading at Rs 2,093, up Rs 141.90 or 7.27%, at 12:19 pm. Oberoi Realty is eyeing its 52-week high level of Rs 824.90.
Move to greenlight merger with Sony Pictures is likely to attract premium from investors rushing for a stake in the media house
Gold prices have been on a downward trend over last two weeks
The recent surge is unusual as it’s the shortest time frame —100 days— wherein it gained over 10,000 points.
Hemant Ghai is the first media person to be banned by Sebi, who has been found guilty prima-facie of front-running.
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