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Withdrawal of excess global liquidity, disruption in supply chains, rising Brent crude oil prices, weak rural demand locally and Ukraine-Russia face-off creating geopolitical uncertainty are some of the reasons for this bout of selling. Additionally, commodity price inflation, inflationary trends in the US and other central banks hiking rates aggressively (or expectation of the same) led to sharp corrections across our market.

The board recommended a dividend of Rs 7.50 per equity share of Re 1 each of the company.

Gold prices have historically inched higher during the times of Akshaya Tritiya as seen in the chart. Market participants have been discounting a 50 bps rate hike in May meet, hence, even with the updates regarding the Russia-Ukraine tensions, gold bulls are not finding enough strength.

Delhivery plans to open the issue next week after a positive response to recent IPOs of Rainbow and Campus, which made investment bankers confident of generating a good response, a source knowing the development said.

U.S. West Texas Intermediate (WTI) crude futures similarly dropped 24 cents, or 0.2%, to $104.94 a barrel, after hitting an intraday high of $105.80.

This Akshaya Tritiya, analysts believe gold should account for at least 10-20 per cent of investor portfolio, on an average, given it shares an inverse relationship with equities and is considered a hedge against inflation.

In IT, TCS among largecaps and the L&T twins - both L&T Technology and Infotech look quite attractive post this selloff. In FMCG, I will stick to largecaps like HUL and Marico. Among the home finance companies, HDFC Ltd is the top bet, followed by Can Fin Home among smaller caps.

In today’s time, if you are a smart investor, you will realize the benefits that you can enjoy by investing in gold digitally. It’s hassle-free, fairly valued, and a pure form of investment.

Domestic Jewellers expect a strong demand during this week, with a sharp rise in the sales during the season. However, buying physical gold is not the only option available to the investors.

Industry experts said that there is a dearth of knowledgeable people with required skill sets and the majority of the newly recruited talent learns on the job itself, which takes about a quarter.