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“All my life has been about creating organisations which can scale and create behavioural patterns which are socially desirable and do collective good. That is where the stock exchange comes in so that we are able to create trust where a person sitting in Jorhart or Dibrugarh is able to put in her hard-earned Rs 10,000 or Rs 1000 in a company in Salem.”

A significant day in the Hindu calendar, is traditionally associated with the purchase of gold and silver, symbolizing prosperity and good fortune.

The NSE Nifty 50 index added 1.01% for the week, while the S&P BSE Sensex gained 0.84%.

Domestic subscription revenue increased by 5.34% to Rs 418.23 crore, increasing operating revenue by 28% to Rs 1,017.98 crore. Total revenue for the quarter increased by 27.48% to Rs 1,125.08 crore. Sun TV Network has TV channels in six languages, an OTT platform called Sun NXT, and FM radio stations all over India.

Historically, it has been observed that whenever FIIs have net withdrawn for 5 or more consecutive weeks, the Indian markets tend to fall. Since 2000, there have been 12 instances where FIIs have pulled out money for 5 or more successive weeks. Of these, the Nifty50 index has fallen 9 times, with an average loss of 9.23%.

Central banks are hoarding gold at every dip. Last year, the central bank piled more than 1000 tonnes of gold. This year, the number is close to 800 tonnes in the first nine months, up 14 per cent year-on-year, according to a report by the World Gold Council, an industry group. With the US election around the corner in 2024 and the geopolitical situation worldwide, the sky-high interest will not be sustained for a long period. The Fed will eventually start cutting the rates, supporting gold prices.

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India remains in a sweet spot going into the new Samvat 2080 with a strong balance sheet of corporate India and improving health of the domestic banking sector. ETMarkets brings views of five market wizards viz. Raamdeo Agrawal, Sanjiv Bhasin, Madhu Kela, Prashant Jain and Christopher Wood, who piece together the likely triggers that may impact stock markets, individual sectors and stocks through the new year.

This often leads to increased buying and selling activities in the stock market. Notably, the Indian stock market has been relentlessly defying odds since last year and maintained a strong growth trajectory despite the ongoing global crisis.