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These 10 companies saw the biggest earnings per share (EPS) upgrade for FY24.

Gold falls Rs 80; silver declines Rs 400

Updated at : 2023-06-05 19:20:02

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"Gold prices edged lower on the back of positive economic data points, higher US dollar and yields, offsetting support from the prospects that the Federal Reserve would pause its rate hikes this month," Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said.

SEBI and stock exchanges have included micro-small cap firms in their enhanced surveillance framework, prompting a large number of market stocks to suffer steep losses. The companies with a market capitalisation of less than Rs5 billion will be put under surveillance in a two-stage process.

“The short-term trend of Nifty continues to be positive with rangebound action. The present consolidation movement is expected to continue within a high low range of 18700-18500 levels in the next 1-2 sessions,” Shetti said, adding that a decisive move above 18700-18800 is expected to bring more upside for the near term.

ZachXBT, an on-chain investigator, has been collecting transactions of funds stolen from Atomic Wallet victims and claimed that over $35 million in cryptocurrency has been stolen as a result of this compromise.

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The announcement comes after banks parked only 508.68 billion rupees with the RBI under a 14-day VRRR on Friday. Banks remain wary of participating in the longer tenor VRRR auction amid fears that scheduled tax outflows over the next two weeks could reduce surplus liquidity and cause temporary mismatches in their books, traders said.

Under the existing settlement system, it could take a few hours for the settlement to complete. Moreover, transactions are not settled on Saturdays and Sundays or public holidays. The real-time blockchain-backed system will remove this hindrance to make it available round-the-clock.

3 top stock recommendations from CA Rudramurthy BV

Updated at : 2023-06-05 17:10:03

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​Tata Motors will be the stock of the year. I have been telling this from levels around 400 and even now I am telling it will be the stock of the year.

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As of 31-Mar-2023, promoters held 39.99 per cent stake in the company, while FIIs held 31.93 per cent and domestic institutional investors had 8.29 per cent.

Gold prices fell by 0.29% on the Multi Commodity Exchange of India due to the strengthening of the dollar index, which went above the 104 mark. The increase in the value of the greenback was primarily caused by strong US payroll data that may have put the rate pause at the backburner. The upcoming release of decent ISM non-manufacturing data is expected to cause gold to test support at $1,930, with resistance at $1,965 to $1,990. The price of physical gold in Delhi and Ahmedabad is currently about Rs 61,000 per 10 grams.

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