Latest news with #CMP
Time of India
4 hours ago
- Business
- Time of India
Gold price prediction today: Where is gold rate headed in the near-term? Here's the outlook
Gold in spot markets might see a trading range of $3,345 – 3,275 per oz (CMP $3,322/oz) for 1 – 2 weeks perspective. (AI image) Gold price prediction today: Gold rates are likely to see a limited upside in the coming days as greater clarity on US President Donald Trump's trade policies emerges. Maneesh Sharma, AVP - Commodities & Currencies, Anand Rathi Shares and Stock Brokers shares his views and recommendations for gold silver investors: Gold faced four consecutive sessions of losses after rising in the initial half of last week, as the newly announced US-EU trade deal sapped demand for safe-haven assets. The US and the EU on Sunday reached a broad agreement that includes a 15% tariff on most European goods, while the US & China, the world's two largest economies, extended their tariff truce by another three months. The risk-on sentiment weighed on the yellow metal, a traditional safe-haven asset. Meanwhile, the ECB held rates steady, while US corporates earning for Q2 continued to surpass expectations last week. Gold had reversed its gains seen in the initial half of last week and had returned to the sideways range that has dominated since late April. On the currency front, the dollar rallied and bounced from near 3 year lows seen earlier in the month on trade deal optimism as safe haven Yen continued to find buyers at lower levels for the fourth consecutive day as it climbed to a one-and-a-half-week high in early session today, around the 148.70 area. Gold Price Outlook Weekly View: Gold: Sideways to Limited upside MCX Trading range (Oct futures): Rs 99,850 – 96,900 per 10 gm. (CMP Rs 98,700 per 10 gm) Investors brace for a busy week, featuring a Federal Reserve policy meeting followed by Bank of Japan on Thursday and a slew of economic data releases from the US. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 30 Captivating Portraits of Women from 80–100 Years Ago The Fed is widely expected to keep rates unchanged, but investors should closely watch for any signals of a potential rate cut in September, while rate hike signals from BoJ could also remain to be closely scrutinized. Overall, the Dollar Index looks likely to strengthen further from current levels with Yen likely to weaken against dollar on diminishing odds for an immediate interest rate hike by the Bank of Japan (BoJ). Also cooling inflation in Japan and domestic political uncertainty, could weigh on the JPY and support the USD/JPY pair. Key upside levels for the dollar are expected at $99.80 - 101.50 (CMP 98.80). This may remain a potential trigger for limited upside in precious metals complexes in the current week. Gold in spot markets might see a trading range of $3,345 – 3,275 per oz (CMP $3,322/oz) for 1 – 2 weeks perspective. Attention will also be on key labour market indicators, including ADP employment & nonfarm payrolls. The PCE price index, the Fed's preferred measure of inflation, will also be monitored for any signs of upward pressure stemming from tariffs which could remain a negative trigger for gold prices. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Mint
a day ago
- Business
- Mint
Recommended stocks to buy today, 29 July, by India's leading market experts
On Monday, Nifty 50 declined 0.63% pressured by continued weakness in banking, financial, IT, and energy stocks amid lackluster corporate earnings. Persistent foreign institutional selling, driven by valuation concerns, further weighed on the index. Additionally, global uncertainty surrounding the India-US trade negotiations and the absence of fresh domestic triggers contributed to subdued investor sentiment. With muted earnings momentum and caution prevailing across sectors, the market remained under pressure throughout the session, reflecting a broadly negative undertone. On to the best stock picks for today, as recommended by leading market experts. Three stocks to trade, recommended by NeoTrader's Raja Venkatraman Why it's recommended: SBI Life Insurance, incorporated in October 2000, is a leading Indian life insurance company. It operates as a joint venture between the State Bank of India (SBI), India's largest commercial bank, and BNP Paribas Cardif S.A., the life and property and casualty insurance arm of BNP Paribas. Strong demand recovery in this stock from lower levels and the rebound from demand zones support price stability and growth potential. With prices trading close to the 52-week high, more room for upside is possible. Key metrics: P/E: 74.55 52-week high: ₹1,936, Volume: 1.18M. Technical analysis: Support at ₹1,730, resistance at ₹2,050. Risk factors: Dependence on trends in the insurance sector and raw material price volatility. Buy at: CMP and dips to ₹1,810. Target price: ₹1,950-2,000 in 1 month. Stop loss: ₹1,790. Why it's recommended: Signs of reversal from oversold zones signal potential upside. Demand at lower levels showcases optimism for recovery in the coming sessions. The daily charts indicate that the volume-based rise seen in the last few sessions augurs well for the prices. Key metrics: P/E: 46.88 52-week high: ₹262.50 Volume: 1.86M Technical analysis: Support at ₹165 | Resistance at ₹205. Risk factors: Declining revenue and profits, as well as a decrease in operating profit margin. Buy at: CMP and dips to ₹177. Target price: ₹190-195 in 1 month. Stop loss: ₹174. Why it's recommended: Gradual accumulation at critical support levels highlights strong investor interest, supported by consistent revenue growth. Steady higher lows with a thrust above value area resistance around 300 suggest more upside possibility. Key metrics: P/E: 67.18 52-week high: ₹1,632 Volume: 118.49K Technical analysis: Support at ₹1,470 | Resistance at ₹1,850. Risk factors: Competition in the banking space and regulatory issues. Buy at: CMP and dips to 1640. Target price: ₹1,770-1,825 in 1 month. Stop loss: ₹1,620. MarketSmith India's Best stock recommendations for today Buy: Cipla Ltd (current price: ₹1,572) Top 3 stocks recommended for today by Ankush Bajaj Why it's recommended: The stock has shown strength by closing 1.36% higher in the previous session despite a broader market sell-off. The daily RSI is at 63 and the MACD is above the zero line, both indicating increasing bullish strength. Once the stock sustains above ₹1,320, the setup suggests a potential breakout toward fresh lifetime highs. Breakout zone: Sustained move above ₹1,320 could open new highs Pattern: Strength continuation against broader market weakness MACD: Positive and rising above zero line RSI: Daily RSI at 63, suggesting bullish momentum Technical analysis: With strong momentum and resistance nearing breakout levels, the stock appears poised for an upward continuation toward ₹1,355 in the near term. Risk factors: A close below ₹1,264 will invalidate the current bullish setup and may signal short-term weakness. A disciplined stop-loss at ₹1,264 is recommended Buy at: ₹1,295.80 Target price: ₹1,355 Stop loss: ₹1,264 Why it's recommended: ICICI Bank stock is showing strong bullish momentum with the daily RSI at 65 and MACD at 13. On lower time frames, the stock has formed a solid base around ₹1,474, which is expected to support further upward movement. The setup suggests potential for a short-term rally toward ₹1,504. Breakout zone: Built a firm base at ₹1,474 on lower timeframes Pattern: Base formation with follow-through momentum MACD: Positive at 13, showing strong trend strength RSI: Daily RSI at 65, indicating positive momentum Technical analysis: With solid momentum and base formation in place, ICICI BANK appears well-positioned to rally toward ₹1,504 in the near term. Risk factors: A close below ₹1,480 will invalidate the current bullish setup and may signal short-term weakness. A disciplined stop-loss at ₹1,480 is recommended Buy at: ₹1,488.40 Target price: ₹1,504 Stop loss: ₹1,480 Why it's recommended: Cipla stock has broken out of a rectangle consolidation pattern on the daily chart, confirming bullish continuation. The daily RSI is at 70 and MACD at 5, both pointing to strong underlying momentum. This technical setup supports further upside toward the ₹1,615 level. Breakout zone: Rectangle breakout confirmed on daily chart Pattern: Consolidation breakout with momentum confirmation MACD: Positive at 5, showing a strong uptrend RSI: Daily RSI at 70, reflecting bullish strength Technical analysis: With the price breaking out from a defined range and supported by strengthening momentum, the stock is favorably positioned for a move toward ₹1,615. Risk factors: A close below ₹1,548 will invalidate the current bullish setup and may signal short-term weakness. A disciplined stop-loss at ₹1,548 is recommended Buy at: ₹1,572.00 Target price: ₹1,615 Stop loss: ₹1,548 MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543) Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
a day ago
- Business
- Mint
Best stocks to buy today, as recommended by Raja Venkatraman for 29 July
The continuous overhang of geopolitical events is keeping the trends suppressed, as the global cues still have a very deep overhang, leading to market confusion. As the trends ahead show that clarity will be something that defeats the current market trends, we need to find some encouraging triggers to arrest the bearish mindset in the days to come. Here are three stocks to buy or sell as recommended by Raja Venkatraman of NeoTrader for 29 July: SBILIFE: Buy CMP and dips to ₹1,810 | Stop ₹1,790 | Target ₹1,950-2,000 MANINFRA: Buy CMP and dips to ₹177 | Stop ₹174 | Target ₹190-195 MANORAMA: Buy CMP and dips to ₹1,640 | Stop ₹1,620 | Target ₹1,770-1,825 Market today Indian equity benchmarks started the week on a subdued note, marking the third straight session of declines on 28 July as selling pressure outweighed supportive global markets. The Nifty opened below 24,800 and, although it managed an initial recovery in the early hours, it failed to gain traction and slid beneath the 24,700 mark for the first time since 13 June amid broad-based selling across sectors barring pharmaceuticals. The Sensex closed down 572.07 points, or 0.70%, at 80,891.02, while the Nifty fell 156.10 points, or 0.63%, to end at 24,680.90. Meanwhile, the mid-cap and small-cap indices retreated 0.7% and 1.3%, respectively. Sectoral losses were widespread, with realty plunging nearly 4% and media shedding close to 3%. Capital goods, metals, telecom, PSU banks, and private banks each dropped between 1% and 1.5%, underscoring the prevailing risk-off sentiment. Investors remain cautious ahead of upcoming corporate earnings and key macroeconomic data due later in the week. Outlook for trading Broader indices were unable to contain the profit booking that emerged at the start of the week, dragging the market lower. Despite a rebound on the back of US President Donald Trump keeping us guessing about his next move, the markets are clearly unable to hold on to the rebound convincingly. While every attempt was made to keep the markets in positive territory, the intermittent decline continues to retest the bullish resolve. Right now, the pronounced volatility is causing some disturbance in forming the bias, thus making the markets jittery. Trends have remained muted until the negative vibes in the Nifty Bank persisted to dent our confidence. With the trends after breaching the channel, it is showing some continued bearish pressure, as we can see that the markets are suppressed and even show some bearish signs as we enter the last trading day of the week. With the result season in play, the expectation from the Q1 numbers will be keenly tracked. As we operate in an environment of ad-hoc triggers, the markets shall continue to oscillate over the next few days. A volatile environment is now part of the ever-changing market scenario, forcing the sentiment to keep changing. Risk management is critical, as the lack of clarity is greater than ever. However, there is still some value discovery happening in mid and small caps that demonstrates a bullish sentiment. Among them, the Trump Tariff Saga has the global markets oscillating. With no clarity on the outcome, we shall continue to oscillate in a range between 24500 and 25000 on the Nifty Spot. Three stocks to trade, recommended by NeoTrader's Raja Venkatraman: SBI Life Insurance Co. Ltd (Cmp: ₹1850.50) Why it's recommended: SBI Life Insurance, incorporated in October 2000, is a leading Indian life insurance company. It operates as a joint venture between the State Bank of India (SBI), India's largest commercial bank, and BNP Paribas Cardif S.A., the life and property and casualty insurance arm of BNP Paribas. Strong demand recovery in this stock from lower levels and the rebound from demand zones support price stability and growth potential. With prices trading close to the 52-week high, more room for upside is possible. Key metrics: P/E: 74.55 52-week high: ₹1,936, Volume: 1.18M. Technical analysis: Support at ₹1,730, resistance at ₹2,050. Risk factors: Dependence on trends in the insurance sector and raw material price volatility. Buy at: CMP and dips to ₹1,810. Target price: ₹1,950-2,000 in 1 month. Stop loss: ₹1,790. Man Infraconstruction Ltd (Cmp: ₹182.46) Why it's recommended: Signs of reversal from oversold zones signal potential upside. Demand at lower levels showcases optimism for recovery in the coming sessions. The daily charts indicate that the volume-based rise seen in the last few sessions augurs well for the prices. Key metrics: P/E: 46.88 52-week high: ₹262.50 Volume: 1.86M Technical analysis: Support at ₹165 | Resistance at ₹205. Risk factors: Declining revenue and profits, as well as a decrease in operating profit margin. Buy at: CMP and dips to ₹177. Target price: ₹190-195 in 1 month. Stop loss: ₹174. Manorama Industries Ltd (Cmp: ₹1687.70) Why it's recommended: Gradual accumulation at critical support levels highlights strong investor interest, supported by consistent revenue growth. Steady higher lows with a thrust above value area resistance around 300 suggest more upside possibility. Key metrics: P/E: 67.18 52-week high: ₹1,632 Volume: 118.49K Technical analysis: Support at ₹1,470 | Resistance at ₹1,850. Risk factors: Competition in the banking space and regulatory issues. Buy at: CMP and dips to 1640. Target price: ₹1,770-1,825 in 1 month. Stop loss: ₹1,620. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
2 days ago
- Automotive
- Time of India
NMC to redesign existing 70 traffic junctions with safety measures
Nashik: The civic body has decided to redesign 70 existing traffic junctions across the city, incorporating speed reduction and road safety measures. These 70 traffic junctions include Dwarka Circle, Mumbai Naka, Gadkari Chowk, Tarwala Nagar junction on Dindori Road, Old Gangapur Naka, Canada Corner, and Raviwar Karanja junction, among others. The initiative aims to enhance traffic management and ensure safer road conditions for commuters. Nashik Municipal Corporation (NMC) will collaborate with veteran experts in traffic and transport to execute the project. The civic body invited a request for proposal (RFP) from consultants and specialists to form a panel that will guide the corporation in the redesign process. Ravindra Bagul, an executive engineer of the traffic cell of the municipal corporation, said they have shortlisted 70 traffic junctions across the city to be redesigned with all safety and speed calming measures for the smooth movement of traffic. "We will appoint veteran traffic experts as consultants who will help the municipal corporation in designing the traffic junctions. We already started the process for forming the panel of traffic experts," he added. After their appointment, the consultants concerned will conduct a survey of vehicular and pedestrian movements at all junctions in the city. These consultants will be required to present their proposed concept plans before the evaluation committee. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Healthy and Tasty Recipes that You can Easily Prepare at Home Undo Innovative and feasible solutions will be selected for detailed planning. The consultants will have to study the Comprehensive Mobility Plan (CMP) 2017, along with other relevant studies, planning documents, and the latest data from NMC, Maha Metro, and other pertinent departments. Consultants must also consider their anticipated studies for overall traffic and mobility improvement in the city, future mobility requirements, and crowd management strategies for the upcoming Simhastha Kumbh Mela 2027, ensuring solutions are context-sensitive, data-driven, and capable of addressing both current and future transportation demands.
Time of India
2 days ago
- Business
- Time of India
Nagpur Metro Phase 3: New Sitabuldi-Koradi corridor announced with future expansion plans
Advt Even as works under Metro Phase 2 continue at a rapid pace across the city and it's outskirts, Nagpurkars can look forward to the next big leap, which is 'Metro Phase 3'.A new metro corridor between Sitabuldi and Koradi has been finalised as part of the recently presented Comprehensive Mobility Plan (CMP), confirmed senior MahaMetro officials after a high-level stakeholder meeting held on Sunday in the presence of chief minister Devendra Fadnavis and Union minister Nitin Gadkari among CMP, prepared by MahaMetro in collaboration with RITES, outlines the development of mass rapid transit corridors in the Nagpur Metropolitan Region based on traffic density , projected ridership, and future mobility is also a proposal for a Metro Phase IV, though the route has not been revealed yet. Among the key proposals in CMP Phase 1 are two High Capacity MRTS Corridors - the 11.5 km Sitabuldi-Koradi corridor and the 25km Mankapur Chowk-Rachana Junction stretch on the Inner Ring Road. Together, they are estimated to cost 8,625 the two, the Sitabuldi-Koradi line was prioritised for development of the metro route. "We have finalised the Sitabuldi-Koradi corridor based on Peak Hour Peak Direction Traffic (PHPDT) assessments. The ridership projections and traffic volumes make it feasible for metro operations," said a senior MahaMetro proposed corridor is expected to cater to a daily ridership of 1.47 lakh commuters by 2054.
