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One of the standout features of SGBs is their unique position as government-backed securities linked to the price of gold. This distinctive characteristic not only provides investors with the opportunity to partake in the gold market but also ensures the security and reliability that come with government backing.

Gold buyers are looking at the possibility of the Federal Reserve pivoting next year, which is keeping the metal bid. Markets anticipate the first Fed rate cut in May. However, considering the fact geopolitical tensions are subsiding and the latest European and US PMIs have been encouraging, the metal is quite overextended.

The redemption price of SGB is based on the simple average of the closing price of gold of 999 purity of the week (Monday, November 20-Friday, November 24), preceding the date of redemption, as published by the India Bullion and Jewellers Association Ltd. (IBJA).

We have a long weekend this time with Monday, 27th November being a trading holiday on account of Guru Nanak Jayanti. The coming week also has a monthly derivatives expiry lined up as well. Tuesday will see the markets starting by adjusting themselves to the global trade setup. The levels of 19900 and 20030 are likely to act as potential resistance levels.

In the largecap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 2,071 crore led by Bharti Airtel with 18 block count, totalling Rs 374 crore. The next in line were Bajaj Auto (Rs 352 crore), Shree Cement (Rs 218 crore), UltraTech Cement (Rs 144 crore), ICICI Prudential Life Insurance Company (Rs 143 crore), Axis Bank (Rs 141 crore), HDFC Bank (Rs 141 crore) and Bajaj Finance (Rs 119 crore).

The primary motive for any mutual fund is to generate returns for its investors. IPOs often present unique opportunities in this regard. These offerings can sometimes offer a chance to buy into a promising company at an early stage, potentially reaping significant rewards as the company grows.

ETMarkets spoke to Amar Ambani, Group President & Head – Institutional Equities at YES Securities on markets, Samvat 2080 and sectors to avoid in Samvat 2080.

I maintain my mental fitness by prioritizing a holistic approach to awareness and mental fortitude, says HP Singh.

Ark Next Generation Internet ETF has sold more than 700,000 shares of Bitcoin Trust since Oct. 23, according to the ETF provider’s daily trading data compiled by Bloomberg. It offloaded 36,168 shares on Wednesday. Bitcoin Trust enables investors to gain exposure to Bitcoin in the form of security.

He found success as a freelancer using Solidity, a programming language for creating “smart” blockchain contracts, and made about $300,000 in two years.