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"We expect demand recovery as gold price stabilises, though there is a 2-3 per cent downside risk to our FY23-FY24 jewellery sales and a 4-5 per cent risk to our FY23-24 earnings estimates. We view Q4 as a blip in a promising story," Kotak Securities said. The stock was down 2 per cent in early trade today.

Buffett is a known proponent of buying what he understands, and if there is one industry he knows very well, it is the insurance sector. So if Buffett is seeing value in the sector, why can’t Indian investors?

Gold futures on MCX were down 0.03 per cent or Rs 15 down at Rs 51,611 per 10 grams. Silver futures were trading higher by 0.04 per cent or Rs 25 at Rs 66,330 per kg.

Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 167441.23 Crore) operating in Metals - Ferrous sector.

“It is not a good idea to invest in indices. We are better off being an active investor, looking at companies individually and making decisions on that basis. It has paid off for us because those who have been following the index were hurt badly by the situation in Russia. Russia represents about 6% of the index and immediately overnight, they lost 6% of their portfolio.”

A total of 20,014 shares changed hands on the counter till 10:00AM (IST)

Uma Exports raised Rs 60 crore via its initial stake sale, which was open for subscription between March 28-30 in the range of Rs 65-68 apiece.

The manufacturer of the Tigor and Nexon EVs is working to debottleneck production amid a continuing shortage of semiconductors, and hopes EVs to account for 10-15% of its total passenger vehicle sales in the new fiscal year.

In a regulatory filing, the company said it has defaulted Rs 224.88 crore on repayment of loans or revolving facilities like cash credit from banks and financial institutions, along with default in interest amount for the same at Rs 5.78 crore. Also, there has been a default of Rs 200 crore on payments of unlisted debt securities -- non-convertible debentures and non-convertible redeemable preference shares, Coffee Day Enterprises said.

The stress and travails of institutions, market intermediaries and custodians have now been spelt out with six top multinational banks writing a joint letter on April 6 to NSE Clearing Limited - the institution responsible for clearing and settlement of all trades on the NSE.