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Gold prices have fallen to the lowest point in two months due to optimism surrounding the debt ceiling deal and a hawkish Federal Reserve commentary. Gold was trading negatively on the MCX and Comex, despite growing strength in the Dollar Index. The US Fed may further reduce demand for bullion this month by increasing interest rates, and pricing support for gold will likely reside between $1,900 and $1,930. Current gold and silver prices range from approximately Rs 59,390 to Rs 73,100 per unit. Gold futures on the MCX are 7.92% higher YTD, while silver is up 2.09%.

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The board also approved appointment of Sudarshan Chiluveru, the Chief Financial Officer (CFO), as the Compliance Officer officer of the company with effect from June 1, 2023.During financial year 2022-23, the company has posted a total income of Rs 298.80 crore, higher from Rs 243.95 crore in FY22

The Relative Strength Index of the stock stood at 69.85 on Tuesday.

Prestige Estates has become the 100% owner of two under-construction office complexes in Mumbai. The Bengaluru property development firm bought out the shareholdings of DB Group for INR1,176 crore ($167m). Prestige Estates each had a 50% stake in the two projects, which are expected to be completed in three to four years. The acquisitions give Prestige ownership of properties with a potential gross leasing area of 5.69 million sq ft. It has operations in more than 12 major Indian locations and a diversified business model across residential, office, retail, hospitality, property management and warehouses.

2 top stock recommendations from Sudeep Shah

Updated at : 2023-05-30 14:55:03

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JSW Energy has been trying to make a bottom somewhere around 200-220 mark in the last two-three months. However, I feel that still the stock is not out of the woods, it is still in a downtrend and only across about 275-280 will mean that the short-term downtrend in the stock is over and then the stock can be bought on dips.

ICICI Lombard shares down 0.46% as Nifty gains

Updated at : 2023-05-30 14:55:03

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A total of 74,609 shares changed hands on the counter till 01:48PM (IST).

ETMarkets analysed NSE 500 companies that reported over 50% YoY sales growth and 100% YoY profit jump in Q4. Nine companies made the cut.

​A bullish signal is hinted that suggests that the price shall move upwards when the MACD crosses up through the signal.​

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As of 31-Mar-2023, promoters held 51.5 per cent stake in the company, while FIIs held 6.91 per cent and domestic institutional investors had 2.25 per cent.

Berger Paints has broken out from a falling trendline on weekly charts, suggesting room for the stock to retest levels closer to its 52-week high of INR710. The stock price may be down by around 9% from its 52-week high, but has recovered by more than 20% since hitting a 52-week low of INR527 on 3 February 2023. The positive momentum has helped Berger Paints breach its 200-week moving average and reclaim falling trendline resistance on the weekly charts. Experts suggest the stock represents a buying opportunity in the range of INR640 to INR630, and further upside potential up to INR700 in the next month.

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