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Gold tumbles Rs 710; silver plummets Rs 2,690

Updated at : 2023-05-12 18:20:01

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Gold prices in the Delhi markets traded at Rs 60,970 per 10 grams, down Rs 710 per 10 grams," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.In the overseas market, gold and silver were quoting lower at USD 2,009 per ounce and USD 24.10 per ounce, respectively

From the Nifty50 pack, 21 stocks advanced while 29 closed with declines. Nifty Bank ended at 43,793.55, up by 318.25 points or 0.73%.

​In April, mutual funds sold Rs 5,100 crore worth of stocks. Axis Bank, SBI, and ICICI Bank were their top exits

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We are seeing a lot of variations in the economic data, notably in the U.S. and across the Eurozone ... So based on the scenario globally, dollar is looking bit more positive," said Arnob Biswas, head FX research at SMC Global Securities.He added that the USD/INR saw some importer demand this week, leading the surge

Stock market update: Nifty Realty index falls 0.35%

Updated at : 2023-05-12 18:20:01

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The Nifty Realty index closed 0.35 per cent down at 452.9.

Add Gujarat Gas, target price Rs 545: Yes Securities

Updated at : 2023-05-12 17:20:01

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Gujarat Gas, a mid-cap company in the Gas & Petroleum sector, reported a consolidated total income of Rs 3,960.36 crore for the quarter ended 31-03-2023, with a net profit after tax of Rs 369.21 crore. The company reduced PNG-I prices for Morbi consumers to stay competitive and recorded an increase in CNG sales due to a reduction in state VAT on CNG and lower domestic APM price.

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But four years into the job I realised that I am the kind of person who is a little bit of risk taker and with a number of ideas that were buzzing in my mind, I eventually found it really difficult to hold myself back.

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​So, I think the regulators are going to take some time to think this through properly before they come out with anything, you may not be able to even able to regulate so many people who are in so many languages putting out so much content.

From the 30-share pack, M&M, IndusInd Bank, Axis Bank, and HUL were the top gainers, rising 1-2%. HCL Tech, SBI, HDFC Bank, and Bajaj Finance also closed higher. On the flip side, Power Grid, NTPC, Tata Steel, UltraTech Cement, Nestle, and Sun Pharma closed lower.

Neutral Bosch at a price target of Rs 17850.

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