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Gold prices jumped by Rs 455 to Rs 60,400 per 10 grams in the national capital on Wednesday amid strong global trends, according to HDFC Securities. In the previous trade, the precious metal had finished at Rs 59,945 per 10 grams

Analysts predict that the Indian stock market will experience a consolidation phase, with the Nifty50 expected to find support at the previous swing high of 18,459, and resistance at the 18,650-18,730 levels. A further correction is likely if the support fails to hold. The trend is expected to remain sideways to positive, and a decisive close above 18,600 is needed to drive a further uptrend. If the index falls below 18,500, it may trigger additional selling pressure, according to experts.

With FY23 results, the developer is starting a new phase of growth backed by execution capabilities, customer centric designs and a strong brand promise, the company said in a release.

​So, the strategy for the day should be a bull call spread wherein one can buy right now, maybe a covered call on a futures wherein you can buy right now and also sell the higher call options so that you are hedged. So, in case there is no bounce, the loss is limited because you are already trading below the crucial support level of 44,000 there on Bank Nifty.

The stock quoted a 52-week high of Rs 598.15 and a 52-week low of Rs 315.3.

Investors are often hesitant and fearful of investing when the market nears new all-time highs, despite being opportunistic during market downturns. This behavior could be attributed to denial and fear caused by past losses and cognitive biases. Overcoming these biases requires analyzing the present market situation objectively and seeking professional advice from experienced portfolio managers.

Macrotech Developers, formerly Lodha Developers, gained 2.57% to Rs 539 apiece on NSE after turning ex-bonus. The developer had announced a bonus issue of equity shares to investors at a ratio of 1:1; May 31 was set as the record date for eligibility determination. An increase in liquidity and a decrease in stock prices are the primary objectives for companies offering bonus shares, as well as to make shares affordable for investors. Macrotech achieved its highest-ever annual pre-sales of Rs 12,064 cr for FY23, higher by 34% YoY and exceeding guidance. It plans 20% CAGR in pre-sales going forward.

A total of 484,209 shares changed hands on the counter till 02:09PM (IST).

Promoters held 45.95 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 28.92 per cent and 10.34 per cent, respectively.

​If you ask me, the numbers, the revenue in this year has been to the tune of Rs. 3540 crore, which is all-time high in the history of IRCTC, whereas we had given a revenue of Rs. 1878 crores in the previous year.