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So it is a very increasing phenomenon that we are discovering high net worth individuals buying real estate overseas. Some of the most attractive locations are London, Canada, Dubai and Portugal

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​Now, you can also get it through an inheritance or if NRIs are there, who have returned back to India, you can use a resident foreign currency account. If you are an NRI and you are still overseas, then you can buy a property from the proceeds which you have earned externally.

There are some banks globally who are offering it as well and of course, this ties in with the whole thing that you are seeing around ESG.

​So the thin line is the trader never becomes an investor and the investor never becomes a trader. To correlate that, if you tried to trade in Infosys 10 years back, you missed the opportunity of creating the biggest wealth creator.

Gold prices gain Rs 25; silver declines Rs 150

Updated at : 2023-06-07 19:35:03

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Gold prices gained Rs 25 to Rs 60,800 per 10 grams in the national capital on Wednesday, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs 60,775 per 10 grams.Silver, however, declined Rs 150 to Rs 72,800 per kg.

Urban Enviro Waste Management is planning to go public with an IPO on June 12. The company provides solid waste management services, including waste collection, transportation, segregation, and processing across several Indian states. The IPO consists of the fresh issue of 9.2 lakh equity shares and a face value of Rs 10 each, aggregating Rs 9.2 crore, at a price of Rs 100 per share. The net proceeds of the issue will be used for repayment of secured borrowings, working capital requirements, and other general corporate purposes. The IPO will be listed on the NSE Emerge platform.

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The Nifty50, the benchmark index of the National Stock Exchange (NSE) of India, broke through the critical resistance level of 18,700 points and even closed higher at 18,726.40 points on Wednesday, signalling an attempt at an uptrend. Analysts predict that the Nifty could reach an all-time-high of over 18,889 in the short term, with immediate support at 18,650 and resistance around 18,900. The Nifty has already broken out of a sideways pattern, which positions it for a positive move ahead of the expected RBI rate decision tomorrow.

Indian stocks continued to rise as the S&P BSE Sensex gained over 350 points on Wednesday. The Nifty50 closed above 18700 levels, scaling to its first high since December 5, 2022. Telecom, utilities, metals, and capital goods sectors showed positive buying trends. Stocks that performed well include Suzlon Energy, Aster DM Healthcare, and Tata Motors - posting either a fresh 52-week high or a volume or price breakout.

Shree Cements share price down 0.55 per cent

Updated at : 2023-06-07 15:45:02

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A total of 484 shares changed hands on the counter till 01:53PM (IST).

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