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Gold ETFs have seen a decrease in funds over the first quarter of 2023 as investors have considered riskier assets with the rise in gold prices. Despite this trend, Sharekhan by BNP Paribas analyst Praveen Singh holds a positive outlook on gold and its prices, suggesting 5% to 10% of investor portfolios should be allocated toward it. Rather than completely losing faith, Indian investors may be purchasing less gold ETFs due to increasing gold prices. Investors who want the insurance of gold during tumultuous times may see success with buying dips, Singh said.

In a highly volatile trade, the 30-share Sensex rose 74.61 points to settle at 60,130.71. The broader NSE Nifty gained 25.85 points to end at 17,769.25.

ICICI Securities in a note said YES Bank reported a mixed set of Q4FY23 earnings with healthy business growth, NIMs [net interest margins] and improvement in headline net stress. It said the profitability (RoA at 0.2%) remained weak due to continued investment in franchise and retail orientation

The fund will invest in profitable SME companies with high-potential opportunities in unorganized sectors. About 51% of the corpus will be invested in unlisted SME companies, termed startups in manufacturing, consumer products, and technology.

Technically, RVNL is trading above eight out of eight SMAs. The day RSI (14) is 80.8. The RSI above 80 is considered strongly overbought. This implies that the stock may show a pullback. MFI is 89.6, and MFI above 80 is considered strongly overbought.

We expect revenue to grow by 12% QoQ led by higher sales and higher ASP QoQ led by a price hike of 1.1% taken in mid January 23," Axis Securities said.

“EM assets have the edge – for now,” the strategists wrote in a Monday note. “We’ve seen a clear resilience in EM economic activity even as rising rates have slowed DM activity.”

A total of 4,500,895 shares changed hands on the counter till 02:14PM (IST)

Technical partnership between Olectra and Reliance on the Hydrogen Bus project will open the Indian market to a cutting-edge transportation system, it added.

While shares of the company turned multibagger in 3 year’s time, it has underperformed the benchmark in 2023. So far this year, the stock has corrected 10% whereas the Nifty 50 has lost 3%.