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Gold prices advanced by Rs 200 to Rs 72,350 per 10 grams, and silver prices surged by Rs 1,000 per kg in the local market on Monday. The rise was attributed to strong global trends and local demand, coupled with concerns over Middle Eastern crises and anticipated US Federal Reserve interest rate cuts.

Vodafone Idea has narrowed its losses to Rs 6,432 crore for the first quarter ended June 2024, compared with Rs 7675 crore reported in the preceding March 2024 quarter and Rs 7840 crore in the last year quarter.

Long unwinding involves selling long-held positions or stocks to realize profits or exit due to anticipated declines. On Monday, five stocks experienced long unwinding.

The finest financial minds convened at the AIF & PMS conclave 2.0, powered by ET Markets, to draw attention to alternative investment opportunities. An inaugural day session emphasised the conditions making winners rotate and strategies to navigate the factors.

Stock market update: Nifty Auto index falls 0.27%

Updated at : 2024-08-12 18:20:01

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The Nifty Auto index closed 0.27 per cent down at 25278.95.

Nifty closed 20.5 points lower on Monday, forming a Doji candle and signaling indecision. Analysts identified key support at 24,150-24,240 and resistance at 24,350-24,550, advising a buy-on-dips approach. Market sentiment was noted as sideways to weak, with close attention on potential breakouts or breakdowns for further direction.

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