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Hence, upside momentum is expected only above the 18,267 level, while the index can witness selling if 18,042 is broken. Stocks such as Siemens, ABB, L&T, Maruti, TVS Motor, Indian Hotels, Apollo Tyre, MRF, Titan, and Havells can be bought for trading purpose, said analysts.

In the process, a hitherto esoteric bond product - Separate Trading of Registered Interest and Principal Securities, or STRIPS - has emerged as a top pick amongst investors.

The voracious appetite for gold has helped prices scale near-record highs as markets fret over a slowing US economy and signs of persistent credit stress. Geopolitical risks stemming from increasingly fragile Sino-American relations are also boosting the safe-haven appeal of bullion.

Silver ETFs are following the trajectory of Gold ETFs as the ETF route offers the assurance of metal purity, no storage hassles of the physical metal, and ease of buying, said Hemen Bhatia, head-ETF, Nippon Life India Asset Management.

Late Thursday, the Insolvency and Bankruptcy Board of India (IBBI) sought stakeholder responses to strengthen the 2016 regulations that aim to extract billions of dollars stuck in doubtful advances. Stakeholders can submit comments until December 31. The regulator will process the comments and make changes to the regulations by April 1 2024.

Alembic Pharma has reported a profit after tax of Rs 153 crore for the quarter ended March 2023 compared to Rs 22 crore in the March quarter of 2022. Revenue from operations declined marginally to Rs 1406.45 crore in the quarter ended 31 March 2023 from Rs 1415.74 crore in the same quarter last year.

Two Russian institutional entities and an individual, all based in Moscow, appear in the list of registered foreign portfolio investors (FPIs) with the Securities and Exchange Board of India (Sebi), as per information shared by the National Securities Depository Limited.

One of the most-watched elections of the year is just a week away in Turkey, and other key votes are scheduled in nearly a dozen countries across the developing world. Pakistan, Thailand, Argentina and Poland are all preparing to hit the polls.

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India’s fiscal year F2024 started with a bang, with MSCI India moving up 4% in April when the MSCI World index was flat, and MSCI EM was down 1.5%. We expect continuous relative outperformance for India for the remaining part of the year for three main reasons: