Gold prices witnessed an upward movement as investors turned towards safer assets amid ongoing geopolitical tensions. The rise reflects renewed demand driven by uncertainty in global markets.
Gold prices witnessed an upward movement as investors turned towards safer assets amid ongoing geopolitical tensions. The rise reflects renewed demand driven by uncertainty in global markets.
Indian equity markets showed signs of recovery after a sharp correction earlier this week. Both Sensex and Nifty moved higher as investors reacted positively to easing concerns around global geopolitical tensions.
1. Goldman Sachs On IndiGo
Target Price ₹5200
Earlier Target ₹6000
Recommendation Buy
Believe supply constraints will start to show up over the next few quarters
As per market grapevine, mutual fund investors may have provided exit liquidity to FIIs at higher levels, leaving portfolios under pressure. SIP inflows continue, but many investors are shifting funds to FDs, PPF, debt funds, gold and silver amid weak returns and rising frustration.
Sai Parenterals IPO has received a muted response from investors, with subscription levels remaining very low even after the initial days of bidding. The issue saw only about 4% subscription, indicating cautious sentiment in the market.
Highness Microelectronics has launched its SME IPO, which opened for subscription on March 24 and will remain available for investors for a few days. The issue aims to raise around Rs. 21.67 cr. to support business expansion.
Reliance Jio is moving closer to its much-awaited IPO, with reports suggesting that existing investors may sell a portion of their stake through the offering. The company is expected to file listing papers soon, making it one of the most anticipated IPOs in India.
Global markets showed positive momentum today as hopes of easing tensions in the Middle East improved sentiment. Investors responded to diplomatic developments between major nations.
Silver prices saw a strong rebound today, rising more than 5% in domestic markets. The surge was driven by improved sentiment and a weaker dollar.
Gold prices surged sharply today, rising around 4% in global markets as the US dollar weakened. Investors moved towards safe-haven assets amid ongoing uncertainty.
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