Gold rises as Fed rate cut bets pressure dollar, yields
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
a minute ago
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy today — 6 August 2025
Stocks to buy under ₹ 100: Following the renewed fear of Trump's tariffs, the Indian stock market underperformed global markets on Tuesday. The Nifty 50 index ended 73 points lower at 24,649, the BSE Sensex finished 308 points down at 80,710, while the Bank Nifty index corrected 259 points and closed at 55,360. Titan, IndusInd Bank and SBI Life led the charge among the Nifty's top performers. Conversely, it was a particularly tough session for heavyweights like Adani Ports, Reliance Industries, and Infosys, which ended as the major losers within the Nifty pack. Trading volumes on the NSE cash market were higher by 6% compared to the previous session. Nifty OIL & GAS, pharma, and FMCG were major losers among the sectoral indices. In contrast, auto, consumer durables, and metals ended in the green, indicating pockets of buying interest despite the cautious sentiment. Both the Midcap and smallcap Indices witnessed profit booking, along with the Benchmark Index. The Nifty Midcap 100 fell 0.39%, while the Nifty Smallcap Index lost 0.16%. Market breadth turned negative, with advancing shares outnumbering declining ones, as indicated by an advanced-decline ratio on the BSE, which was 0.77. Speaking on the outlook of the Nifty 50 indices, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The near-term down trend of the Nifty 50 index remains intact and the market is expected to slide down towards the 24,500 to 24,400 levels in the next few sessions. However, today's RBI's mid-quarter policy outcome is expected to show clear directions for the market. Immediate resistance for Nifty today is placed at 24,800." On the outlook of the Bank Nifty today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Bank Nifty index is slipping down slowly towards the 55000 zone with bias weakening and would need a revival in the coming sessions to expect some decent pullback. The index has the important 100-period MA at the 56700 level, which would be the next support zone and needs to be sustained. On the upside, a decisive breach above the 50-DEMA zone at the 56000 level is much needed to improve the bias, and thereafter, expect a further rise." Regarding stocks to buy today, market experts — Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment, recommended these three intraday stocks for today under ₹ 100: GMR Airports, MSP Steel & Power, and DCW. 1] GMR Airports: Buy at ₹ 92, Target ₹ 96, Stop Loss ₹ 89. 2] MSP Steel & Power: Buy at ₹ 30.30, Targets ₹ 31.50, ₹ 33.30, Stop Loss ₹ 29.40. 3] DCW: Buy at ₹ 75.50, Target ₹ 80, Stop Loss ₹ 72. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
&w=3840&q=100)
Business Standard
a minute ago
- Business Standard
Stock Market LIVE: Indian stocks eye negative start amidst weak global cues; RBI MPC decision today
Sensex today | Stock Market LIVE, Wednesday, August 6: Markets in the Asia-Pacific region traded mixed on Wednesday following losses on Wall Street D-Street investors further eye the Reserve Bank of India's decision on interest rates today amid tariff-related uncertainty. 8:18 AM Stock Market LIVE Updates: Britannia Q1 profit misses estimates, sees early signs of urban recovery Stock Market LIVE Updates: Britannia Industries posted first-quarter profit below estimates on Tuesday, but the Indian biscuit maker said urban consumption - dull for a few quarters - is picking up. The seller of 'Marie Gold' and 'Bourbon' biscuits joins other domestic consumer goods makers such as Hindustan Unilever and ITC in forecasting early signs of a recovery in urban demand, aided by easing local inflation. READ MORE 8:09 AM Stock Market LIVE Updates: Commodity update Stock Market LIVE Updates: The price of 24-carat gold climbed ₹10 in early trade on Wednesday, with ten grams of the precious metal trading at ₹1,02,230, according to the GoodReturns website. The price of silver rose ₹100, with one kilogram of the precious metal selling at ₹1,15,100. The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹93,710. READ MORE 8:02 AM Stock Market LIVE Updates: Asian markets trade mixed Stock Market LIVE Updates: Markets in the Asia-Pacific region traded mixed on Wednesday following losses on Wall Street, as investors digested weaker-than-expected US economic data alongside fresh tariff remarks from Trump. Japan's Nikkei up 0.63 per cent. Australia's AXS 200 up 0.55 per cent. Hong Kong's Hang Seng down 0.13 per cent. South Korea's KOSPI down 0.058 per cent.
Economic Times
a minute ago
- Economic Times
Lupin shares in focus after Q1 profit jumps 52% YoY to Rs 1,221 crore
Lupin shares will be in focus on Wednesday after the pharmaceutical company reported a 52% year-on-year rise in consolidated net profit to Rs 1,221 crore for the June quarter, driven by strong growth in the US and Indian markets. In the same quarter last year, the company had posted a profit of Rs 805 crore. ADVERTISEMENT Sales rose to Rs 6,164 crore in the first quarter as against Rs 5,514 crore in the year-ago period. 'We continue to build strong business momentum, anchored by a robust product portfolio, improved efficiencies, and effective use of assets and investments,' said Nilesh Gupta, Managing Director, Lupin. 'As we begin the year, our sharpened focus on compliance, innovation, and technology positions us to further unlock sustainable growth,' he added. Also Read: These 10 stocks delivered consistent dividend yields over the last 3 yearsThe company said its sales in the US stood at Rs 2,404 crore in the June quarter, registering a growth of 24% as compared to Rs 1,934 crore in the year-ago period. According to Trendlyne, the average target price for Lupin stands at Rs 2,230, implying a 20% potential upside from current levels. The stock holds a 'Buy' rating from 37 analysts. ADVERTISEMENT On Tuesday, Lupin shares closed 1% lower at Rs 1,863.3 on the BSE, even as the benchmark Sensex declined 0.38%. Year-to-date, the stock is down 21%, but it has gained 75% over the last two years. The company's market capitalisation currently stands at Rs 85,108 crore. Lupin Limited is a global pharmaceutical leader headquartered in Mumbai, India, with products distributed in over 100 markets. Lupin specialises in pharmaceutical products, including branded and generic formulations, complex generics, biotechnology products, and active pharmaceutical ingredients. ADVERTISEMENT Also Read: PNB Housing Finance, RBL Bank among 10 small-cap stocks where FIIs increased stake in Q1(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT
