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The first tranche of the Sovereign Gold Bond Scheme 2023-24 will be open for subscription from June 19-23, 2023, at an issue price of INR 5,926 per gram. The government has decided to offer INR 50 discount per gram from the issue price to investors who apply online and make payments through digital mode. The bonds will be sold through banks, designated post offices, and recognised stock exchanges. The scheme was launched in November 2015 to reduce demand for physical gold and increase financial savings. Bonds are denominated in multiples of gram(s) of gold with a basic unit of 1 gram.

The kind of phenomena and the change you are talking about, I mean, you said around 35 and below, so we are talking about millennials over here. Also, one thing, is this a very urban phenomena because in tier II and tier III towns, I mean, even if women are working but then they are still apprehensive about talking about their finances and the main decision maker is still a male in the family.

Indian benchmark equity indices closed at new highs on Friday, following positive cues from global markets and boosted investor sentiments. The Sensex and Nifty gained 0.74% and 0.74%, respectively. US data suggesting a less hawkish stance from the Federal Reserve also contributed to a surge in optimism among investors

The Nifty Realty index closed 0.21 per cent down at 517.1.

Vijay Kedia, has sold his shares in Canara Bank, Federal Bank and BOB to invest in midcap illiquid stocks. He also disclosed his investment in airline stocks, particularly IndiGo, which he believes is a sunrise industry despite the unpredictable cost of oil. Kedia remains invested in Vaibhav Global despite a 70% fall from its highs, citing his investment approach of chasing the story behind a stock rather than focusing on money. He also highlighted the emergence of infrastructure companies as a new sunrise industry.

Several auto industry stocks are approaching their 52-week highs, leading investors to consider potential investment opportunities. MRF, Mahindra & Mahindra, Tata Motors, Maruti Suzuki, Tube Investments of India, TVS Motor Company, Ashok Leyland, and Bajaj Auto are among the companies highlighted, with each stock displaying positive market sentiment and potential for growth. For example, MRF is currently trading near its 52-week high of Rs 100,849.60, while Mahindra & Mahindra is nearing its 52-week high of Rs 1,422.80.

Investors need to understand that market corrections are a part of every cycle and can be stressful. The cause of volatility in the market can be due to economic and geopolitical factors or investor sentiment. Investing for the long term, diversification of the portfolio, rebalancing the portfolio, investing in quality companies, accumulating at lower valuations, having cash, and staying calm can help investors navigate the volatility of the markets. It is also advisable to stay informed about the developments in the market and engage an investment advisor, if necessary.

Investors may consider investing in companies trading near their 52-week lows to buy stocks at lower prices. The top 10 Nifty 500 companies currently trading near their 52-week lows include Aavas Financiers, City Union Bank, Jamna Auto Industries, Sunteck Realty, and Tamilnad Mercantile Bank. These companies offer potential investment opportunities in various sectors such as housing finance, banking, real estate, and manufacturing. However, investors must conduct thorough research and analysis before making any investment decisions and consider their risk tolerance.

​All these companies are really going to benefit a lot and I do not yet think the prices have captured that fully. As you continue again, our old theme, the financials are at the centre of everything.

The stock traded at a P/E multiple of 92.62, while the price-to-book value ratio stood at 14.26.