Latest Stock Market News

It seems the yellow metal is ignoring traditional triggers of the market, which have become visible more since 2019. Earlier, gold reacted to geopolitical tensions and rise in crude oil prices and besides the fluctuations in the Dollar Index and also euro. Now it is reacting more to the performance of equity markets, which have been attracting a lot of capital flows and hitting new highs every week.

Over the past week, Fed officials who argued most vocally that the central bank should soon begin paring its $120 billion in monthly bond purchases linked that policy change to an August jobs report that continued the average gains of 876,000 additional positions added from May through July.

Accordingly, while PVs (passenger vehicles) continue to witness healthy recovery, whereas two-wheelers and CVs (commercial vehicles) are subdued.

While some people are risk-takers, some are more traditional. Investment strategies are like food choices. It depends from individual to individual.

The DOG coin -- a fraction of the non-fungible token depicting the famous Doge meme -- has doubled in value in less than 24 hours of trading, according to CoinGecko data. That makes it one of the most valuable NFTs yet.

It is not that only the stock market has been recovering; other macros such as Q1GDP numbers -- which rose in terms of personal consumption, exports and capex albeit on a low base, GST collections which also surpassed Rs 1 lakh crore for the second consecutive month and manufacturing PMI data, which has stayed in expansionary territory from July -- have all demonstrated that the recovery theme is indeed intact.

The second-biggest cryptocurrency rose as high as $4,027 on Friday before paring gains. It was at $3,914 as of 12:06 p.m. on Saturday in Hong Kong, trading at levels only reached previously in May. Ether has gained more than 50% since the end of July, with the Ethereum network’s London upgrade early last month reducing supply increases.

Analysts said smaller life insurance companies are struggling and many of them are up for sale. As there are not many suitors for firms without sizeable bancassurance distribution, the premium valuation paid for Exide Life looked unwarranted.

Losses were capped by concerns that US supply would remain limited in the wake of Hurricane Ida, which cut production from the US Gulf of Mexico.

This month’s output is expected to be between 180,000 and 215,000 units, which would be the lowest in almost a decade excluding the months when production was curbed due to the national lockdown last year to curb Covid-19 infection.