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Market Updates - Angel One

Why is The Price Of Gold Rising? Factors Influencing Gold Price

Why is The Price Of Gold Rising? Factors Influencing Gold Price

20 May 2021

Overview Gold has always been significant in India, as it has been used as a symbol of opulence at weddings and festivals. Thanks to the metal’s scarcity, gold has developed into an ideal shield for uncertain markets over time. Gold prices have been steadily rising in recent months and in light of Akshaya Tritiya, it …

Gold shines amid inflation and Covid worries in Asia

Gold shines amid inflation and Covid worries in Asia

20 May 2021

Gold touched an over three-month peak on Tuesday even as investors in exchange-traded funds have shown positive interest in the yellow metal. Further, rising inflationary pressure and a weakened US dollar have added to the appeal of gold as a hedge option. The dollar was hovering close to lows of many months against European currencies, …

RBI Buys G-Secs with Speed

RBI Buys G-Secs with Speed

20 May 2021

An Overview of the Purchases Made India’s central bank chose to purchase a number of sovereign papers amounting collectively to a value of INR 34,175 Crores between April 22 and May 4, 2021. These purchases were made in order to offset borrowing costs and bring them down. This was necessary since there a high probability …

FDI into India hits fresh peak for fiscal 21; exceeds $43 billion

FDI into India hits fresh peak for fiscal 21; exceeds $43 billion

20 May 2021

Even as the pandemic struck India in 2020 and there was an economic slowdown, foreign direct investment into India was unabated. In the financial year 2020-21, the overall FDI inflows hit a new peak of $43.366 billion, beating the earlier record of $43.013 in the previous financial year. The data, released by the Reserve Bank …

FPIS Selling: Concerning Pandemic will Slowdown its Performance

FPIS Selling: Concerning Pandemic will Slowdown its Performance

25 May 2021

Overview In the first week of May, Foreign Portfolio Investors (FPIs) removed Rs. 5,936 crores from Indian stocks, citing concerns about the large second wave of the pandemic and its economic implications. According to depositories’ numbers, overseas investors withdrew a net sum of Rs. 5,936 crores from Indian stock markets between May 3 and 7, …

In the Coming 6-12 months, Major NBFCs may tap Equity Markets

In the Coming 6-12 months, Major NBFCs may tap Equity Markets

25 May 2021

An Overview of Top NBFCs’ Strategy In the next six months or even one year, many other non-banking financial companies (NBFCs) are expected to lift stocks to access robust markets for money. NBFCs can scout for funds through a variety of paths, including initial public offers (IPOs), capital markets (QIPs) and commercial foreign bonds (ECBs). …

IRDAI authorises insurers to invest in Fund-of-Funds

IRDAI authorises insurers to invest in Fund-of-Funds

25 May 2021

Overview IRDAI has permitted insurers to invest a portion of the investment in their “Fund of Funds” (FoF). FoF is a pooled fund that invests in other Alternative Investment Funds (alternative investment funds) into which some of its investment funds have already been approved by insurers. Insurers can diversify their investment to a secure and …

Gold Prices Gain as Crypto Crash, Inflation Concerns

Gold Prices Gain as Crypto Crash, Inflation Concerns

25 May 2021

Retail gold prices have been seeing some sparkle in the recent past as they shot up to Rs 50,160 per 10 grams (24 carat) and Rs 46,000 per 10 grams for 22-carat gold in Mumbai on Friday. Earlier on Thursday, gold prices stood at Rs 48,534 per 10 grams, an increase of Rs 357 in …

Gold price climbed to a four-month high, silver price also soared

Gold price climbed to a four-month high, silver price also soared

25 May 2021

An Overview of Gold’s Surge In Indian markets today, gold and silver prices edged higher, reflecting positive global cues. On the MCX, gold prices increased 0.24 percent to a four-month high of 48519, while silver prices increased 0.5 percent to 71,440 per kg. Gold was down 0.22 percent in the previous session, while silver was …

Oil Trades Above $64 as Investors track Virus Fight and Iran Talks

Oil Trades Above $64 as Investors track Virus Fight and Iran Talks

25 May 2021

An Overview of Recent Rise in Oil Prices Oil rose above $64 a barrel as more signs that the US economy is quickly recovering from the pandemic outweighed concerns that reviving the Iran nuclear agreement would result in a rise in global supply. After rising 2.5 percent on Friday, West Texas Intermediate was up 0.8 …

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