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Gold prices hit a record high of Rs 76,911 per 10 gm, driven by positive global cues and anticipation of further US Fed rate cuts. Geopolitical tensions also support the rally. Colin Shah expects prices to reach $3,000 per troy ounce globally and Rs 78,000 per 10 gm domestically.

Sebi is considering a proposal to streamline the Common Application Form (CAF) for certain Foreign Portfolio Investors (FPIs) to reduce paperwork and processing time. The industry has requested a simplified CAF with only essential fields for specific FPI categories.

So, in the largecap space, we like Sun Pharma, so due to the speciality, generic portfolio that it has, and overall best placed in terms of valuation also. So, as of now, we see Sun Pharma is a safe bet. And apart from that in the midcap, we like JB Chemicals.

Benchmark equity indices closed flat on Tuesday after hitting record highs. Nifty50 surpassed 26,000 and Sensex crossed 85,000 for the first time. Sensex slipped 14 points to settle at 84,914, while Nifty inched up by 1 point to close at 25,940. Sectors like Auto, IT, Pharma, and oil & gas ended in the green.

The Nifty Realty index was trading 0.56 per cent down at 1119.85.

​But I think what is really transpiring within some of these spaces, people are trying to say, for example, some sectors in railways or some defence companies are now trying to price in possibly 2040s and the returns therein.

Arkade Developers Share Price: Arkade Developers made a strong debut, listing at a 37% premium. The IPO was oversubscribed 113 times. Shares are currently trading at a 33% premium. The company is a real estate developer focused on high-end residential projects in Mumbai

​Prior to this, the company had issued bonus shares and carried out a stock split once. The former took place in September 2023 while the latter was done in the year 2021, according to the data available on Trendlyne.

​So, in the month of July, that was the three-month moving average of the property start was minus 20%. So, a real lead indicator for the steel demand is a pickup in the Chinese property starts, so that is where we have to keep focus on.

Northern Arc Capital, a retail loan provider, made a decent debut with a 33% premium. Shares are currently trading 23% higher than the IPO price. The company has facilitated over Rs 1.73 lakh crore worth of financing but has concerns regarding negative cash flow and high debt-to-equity ratio.