After a blistering rally over the past year, gold prices are starting to see sharp corrections. Since touching its all-time high on 28 January, gold has fallen 12.2% to $4,923.88 per troy ounce (as of 1.18 pm IST on 3 February). Here is a guide to the global macroeconomic factors that are driving down prices…
While declining to comment on possible budget measures, Anthony Heredia, managing director and chief executive officer of Mahindra Manulife Mutual Fund, said that policy measures aimed at boosting foreign capital flows, either directly through tax incentives or indirectly, could help create economic momentum. After underperforming global peers for a year amid high valuations and low…
Apart from banking and financial services, a part of the Nifty 50 index is linked to commodity prices and large stocks in the energy, metals, and mining which may see significant growth next year. And this will provide further tailwind to Nifty earnings, which could be around 15%, said Singh. Edited excerpts: : Q 1)…
Nikunj Saraf, chief executive, Choice Wealth, a wealth and financial services provider, said that Indian households are now contributing close to 29,000–30,000 crore every month, a level that has created a structural floor under equity MF flows. This sticky, long-term money will continue regardless of market volatility. Source
