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Expert view: Hemant Sood, MD of Findoc, optimistic about the Indian stock market, suggests buying on dips for potential double-digit returns but warns of overvaluation. Diversification is key for equity investments. Continue Reading »
Kotak notes high market volatility in May amid election anxiety and foreign outflows. It recommends a neutral equity allocation with a focus on defensive sectors. Continue Reading »
China's measures to stabilise the property market boosted metal prices. Industrial output grew in April, surpassing expectations. Expectations of a US Fed rate cut in September also fueled the rally. Amid this, Indian metal stocks soared, with Nifty Metal hitting multiple record highs in 2024. Continue Reading »
Kotak Institutional Equities warns of high P/E multiples in Indian equity market, with 104 companies trading above 50X P/E and 9 above 100X P/E. Continue Reading »
Stock Market today: Rail Vikas Nigam Ltd (RVNL) share price gained more than 15% to hit all time high of ₹345.90 on the NSE, during intraday trades on Tuesday. RVNL had announced large order win from the South Eastern Railways on Monday. Continue Reading »
Gold price today: MCX Gold fell over half a per cent tracking weak global cues. Gold in international markets eased from its record-high levels as the US dollar dented the bullion's safe-haven appeal. Continue Reading »