Latest news with #MehtaEquitiesLtd
News18
2 days ago
- Business
- News18
Gold Price Today: Yellow Metal Steady Ahead Of RBI MPC Outcome, Check City-Wise Rates
Silver Price In India Today (June 6, 2025) The price of silver on Thursday jumped by Rs 100 to Rs 1,04,100 per kg in Mumbai, according to Rahul Kalantri, vice-president (commodities) of Mehta Equities Ltd, said, 'Gold and silver prices rose on Wednesday as rising economic uncertainty and weak US data, including a contraction in the services sector and the slowest private job growth since March 2023, fuelled expectations of at least two Fed rate cuts this year. This boosted demand for non-yielding assets like gold." 'Gold May Fall 12-15% In Two Months' According to a report by brokerage house Quant Mutual Fund, after an impressive upside move in the past few months, gold prices might fall by 12-15% in the next two months."Gold has peaked out and has the potential to correct by 12-15% in dollar terms over the next two months. However, our medium-term and long-term views are equally constructive, and we reiterate that a meaningful percentage of your portfolio should be dedicated towards precious metals," Quant Mutual Fund stated in its latest 'Factsheet for June 2025'. What Factors Affect Gold Prices In India? International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country. In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals. With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
News18
3 days ago
- Business
- News18
Gold Reclaims Rs 1 Lakh Mark: Check 24 Carat Rates In Delhi, Mumbai, Other Cities On June 5
The price of silver on Thursday jumped by Rs 2,000 to Rs 1,04,000 per kg in Mumbai, according to . In the international market, spot gold was steady at $3,372.82 an ounce, as of 0210 GMT. U.S. gold futures edged down 0.1% to $3,395.50. Rahul Kalantri, vice-president (commodities) of Mehta Equities Ltd, said, 'Gold and silver prices rose on Wednesday as rising economic uncertainty and weak US data, including a contraction in the services sector and the slowest private job growth since March 2023, fuelled expectations of at least two Fed rate cuts this year. This boosted demand for non-yielding assets like gold." Nevertheless, Fed officials remain cautious about easing too quickly, particularly amid ongoing trade tensions marked by new tariffs and faltering US-China talks. Investors now turn their attention to Friday's nonfarm payroll report for further policy cues, he added. 'Gold May Fall 12-15% In Two Months' According to a report by brokerage house Quant Mutual Fund, after an impressive upside move in the past few months, gold prices might fall by 12-15% in the next two months. 'Gold has peaked out and has the potential to correct by 12-15% in dollar terms over the next two months. However, our medium-term and long-term views are equally constructive, and we reiterate that a meaningful percentage of your portfolio should be dedicated towards precious metals," Quant Mutual Fund stated in its latest 'Factsheet for June 2025'. What Factors Affect Gold Prices In India? International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country. In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals. With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Mint
5 days ago
- Business
- Mint
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US jobs openings to crude oil prices
Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open higher on Wednesday, following upbeat global market cues. Asian markets rallied, while the US stock market ended higher overnight led by gains in tech stocks. On Tuesday, the Indian stock market ended sharply lower amid growing concerns over stretched valuations and foreign capital outflows. The Sensex dropped 636.24 points, or 0.78%, to close at 80,737.51, while the Nifty 50 settled 174.10 points, or 0.70%, lower at 24,542.50. 'There is no outcome yet on the global trade settlement involving major economies, which is creating a lot of uncertainty amongst the investors and prompting them to slash their equity bets at regular intervals. Also, with no solution yet to the conflict between Russia & Ukraine, the risk-off sentiment continues with the investors,' said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Here are key global market cues for Sensex today: Asian markets traded higher on Wednesday following a tech stocks-driven rally on Wall Street. Japan's Nikkei 225 gained 0.83%, while the Topix index rose 0.47%. South Korea's Kospi index rallied 1.57% to hit a 10-month high, while the Kosdaq surged 1.06%. Hong Kong's Hang Seng index indicated a weaker opening. Gift Nifty was trading around 24,730 level, a premium of nearly 55 points from the Nifty futures' previous close, indicating a positive start for the Indian stock market indices. US stock market ended higher on Tuesday, led by gains in technology stocks and optimism over trade talks between the United States and its trading partners. The Dow Jones Industrial Average gained 214.16 points, or 0.51%, to 42,519.64, while the S&P 500 rose 34.43 points, or 0.58%, to 5,970.37. The Nasdaq Composite closed 156.34 points, or 0.81%, higher at 19,398.96. Nvidia share price rallied 2.9%, Broadcom stock price gained 3.2% to hit a fresh record high, Tesla share price rose 0.46%, Wells Fargo shares rose 1.2% and Dollar General stock surged 15.8%. Kenvue stock price dropped 6%, Reddit share price fell 1.1%, while Pinterest shares rose 3.8%. US job openings increased in April, but layoffs picked up. Job openings, a measure of labor demand, rose 191,000 to 7.391 million by the last day of April, the Job Openings and Labor Turnover Survey, or JOLTS report, showed. Data for March was revised higher to 7.200 million open positions instead of the previously reported 7.192 million. Economists polled by Reuters had forecast 7.10 million vacancies. New orders for US-manufactured goods dropped sharply in April. Factory orders fell 3.7% after an unrevised 3.4% jump in March. Economists polled by Reuters had forecast factory orders declining 3.1%. They rose 2.0% on a year-on-year basis in April. Japan's service-sector activity growth slowed in May on weaker demand. The final au Jibun Bank Japan Services purchasing managers' index (PMI) fell to 51.0 in May from 52.4 in April, although it was higher than flash 50.8. The US dollar drifted lower on Wednesday. The dollar index, which measures the currency against six other counterparts, was flat at 99.159. The dollar was down 0.09% at 143.82 yen and the euro was up 0.13% at $1.1385. Crude oil prices fell after two days of gains. Brent crude oil prices fell 0.17% to $65.52 a barrel after closing at a three-week high, while the US West Texas Intermediate (WTI) crude futures declined 0.20% to $63.28. (With inputs from Reuters) Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India Today
6 days ago
- Business
- India Today
Sensex tumbles 700 points. Why is stock market falling despite strong GDP growth?
Benchmark stock market indices fell sharply in early trade even as India's GDP growth in the fourth quarter of FY25 exceeded expectations, coming in at 7.4%.Around 9:25 am, the BSE Sensex was down 732.71 points at 80,718.30, while the NSE Nifty50 slipped 197.45 points to 24,553.25. Broader markets mirrored the weakness, with most indices in the red amid a spike in strong domestic data, investor sentiment appears weighed down by mounting global concerns. 'There are global headwinds like renewed tariff concerns that will restrain a breakout rally. At the same time there are domestic tailwinds that will support the market at lower levels,' said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial flagged fresh global trade tensions as a key worry for equity markets. 'President Trump's 50% tariffs on steel and aluminium is a clear message that the tariff and trade scenario will continue to be uncertain and turbulent. This headwind will impact markets,' Vijayakumar similar concerns, Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, warned of possible turbulence on Dalal Street. 'Market turbulence looms amid escalating US-China trade tensions, with President Trump accusing China of violating their agreement,' Tapse India's better-than-expected GDP figures offer comfort on the domestic front.'On the domestic front the tailwinds are getting stronger with the latest Q4 GDP growth data coming at 7.4%, which is much better-than-expected. Trends in consumption expenditure and capital expenditure are promising,' Vijayakumar said.'This along with low inflation and the expected continuation of the rate-cutting policy provide the perfect setting for sustained economic growth in FY26,' he noted, though he cautioned that corporate earnings growth remains a concern. 'If leading indicators suggest a recovery in earnings growth there is a high probability of the market breaking out of the present range and moving higher."Adding to the risk-off mood, Devarsh Vakil, Head of Prime Research at HDFC Securities, said Indian markets were likely to stay subdued despite the GDP print due to 'heightened fears of escalating conflict between Ukraine and Russia.'NIFTY OUTLOOKTechnical indicators suggest that Nifty may struggle to break out in the near term.'Persistent rejection trades seen last week on all upside attempts point towards the lack of momentum required for large upsides. We feel that a dip to 24,500 could improve such hopes. That said, slippage past the same could however expose 24,060, though a collapse is less expected,' said Anand James, Chief Market Strategist, Geojit Financial Services.'Alternatively, direct rise above 25,077 could clear path for intermediate objective of 25,235–25,460,' he addedMust Watch
Mint
27-05-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Olectra Greentech, Action Construction, GNFC stock to buy
Stock market today: Indian stock market indices experienced a decline in Tuesday's session, weighed down by losses in the financial and IT sectors amidst weakness in regional markets and widespread profit-taking. Despite rebounding for a while, Nifty 50 decreased by 0.26% to 24,934.20, while the Sensex dropped 0.32% to 81,912.58 as of 12:19 IST. Analysts observed that investors might be retreating after the Nifty 50 closed above 25,000 on Monday, a pattern seen over the past couple of weeks. As experts indicated, investors adopted a cautious stance ahead of the release of industrial and manufacturing production figures for April on Wednesday, along with the first quarter GDP results anticipated later this week. On the technical front, Riyank Arora of Mehta Equities Ltd advises traders to view any dips as buying opportunities. Here's what he say about the overall market. Nifty 50 continues to exhibit a strong bullish structure, having rebounded firmly from key support near 24,750–24,800. The index is supported by favorable technical indicators, with the RSI at 61.45, reflecting positive momentum. Additionally, the MACD is on the verge of a positive crossover, indicating a likely continuation of the uptrend. On the upside, a decisive breakout above 25,150 could lead to a fresh rally. Traders should remain bullish above support levels, with any dips viewed as buying opportunities in anticipation of strength resuming. 🔹 Support: 24,800 – 24,750 🔹 Resistance: 25,100 – 25,150 Bank Nifty remains in a consolidation range with strong support at 55,000–55,300 and overhead resistance near 55,900–56,000. The index has held above key moving averages, signaling underlying strength. The RSI stands at 60.4, showing bullish momentum, while the MACD is on the verge of a positive crossover, hinting at a potential breakout. A close above 56,000 could trigger a sustained upward move. Until then, traders may consider accumulating on dips within the support zone, keeping a close watch for confirmation from price and volume action. 🔹 Support: 55,300 – 55,000 🔹 Resistance: 55,900 – 56,000 Action Construction share price is exhibiting strong bullish momentum, trading near recent highs within a rising price channel. The stock is showing continued strength, supported by a high RSI of 68.6, suggesting strong buying interest. With price action consistently making higher highs and higher lows, a breakout above ₹ 1,360 can lead to upside targets of ₹ 1,400 and ₹ 1,420. The technical structure remains favourable, and volume buildup supports the bullish view. Traders may consider entering between ₹ 1,355–1,360 with a stop loss at ₹ 1,335. Olectra Greentech share price is forming a bullish base above key moving averages and consolidating in the ₹ 1,345–1,350 range. The RSI at 67.3 reflects building momentum, and MACD is nearing a positive crossover, indicating a likely upside breakout. A move above ₹ 1,350 could attract fresh buying interest and drive the stock toward ₹ 1,420 and ₹ 1,450 levels. The recent surge in volume confirms accumulation. Traders may consider buying on minor dips or upon breakout, with a stop loss placed at ₹ 1,275 to manage downside risk. GNFC share price is showing signs of strength after a base formation near its key support at ₹ 525. The stock has been witnessing positive price action, and with RSI at 67.8, momentum is favoring the bulls. A move above ₹ 546 could confirm a breakout, with the potential to rally toward ₹ 600+. The setup is further validated by improving volume and MACD positioning. Given the strong technical foundation, traders may consider buying at current levels, with a stop loss at ₹ 525 for a favourable risk-reward setup. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
