Latest news with #Trump-Zelensky
Time of India
an hour ago
- Business
- Time of India
Gold price prediction today: Where are gold rates headed on August 19, 2025 & the near-term? Here's the outlook
Gold price prediction: Gold, in ultra short-term, can test the support around $3307 (MCX Gold October Rs 98,600)/$3290 (Rs 98,100) , but the downside is limited. (AI image) Gold price prediction today: Gold rates are expected to trade in a range, but the downside is likely to be limited, say experts. Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan shares his views on gold price outlook and what levels investors should watch out for: Gold Performance: Spot gold traded between $3405 (August 11) and $3329 (August 14) in the week ending August 15. The metal was down 1.76% for the week, the first weekly loss after two straight weeks of weekly gain. On August 18, spot gold fell nearly 0.1% to close at $3331 as investors monitored the high-stakes meetings in the US over the Ukraine war. Trump-Zelensky, Trump-Europe meetings: The Trump-Zelensky meeting at the Oval Office was concluded overnight. Talks centred around providing security guarantee to Ukraine. Later on, the US president Trump met with seven European leaders (Macron, Starmer, Meloni, Merz, von der Leyen, Stubb, and Rutte) who put forth a ceasefire as the first step towards achieving a lasting peace deal in Ukraine. They also insisted on a security guarantee to Ukraine. Trump has confirmed that there would be a trilateral meeting between Ukraine, Russia and the US. It is being reported that the Kremlin has agreed to the proposed meeting, but the date is not confirmed. US Secretary of State Marco Rubio will work with European allies and non-European countries on security guarantees for Ukraine. US Dollar Index and yields: The US Dollar Index swung between 97.62 (August 13) and 99.32 (August 11) in the week ending August 15. It registered its second straight weekly loss as it closed at 97.85 on Friday, down 0.30% for the week. At the time of writing, the Index was seen at 98.20, up around 0.03%% on the day as the Index gained upward traction ahead of the US FOMC minutes release to close around 0.3% higher at 98.17 on August 18. US 10-year yields edged higher by 3 bps to 4.32% in the last week as 2-year yields fell by 1 bps to 3.75%, which steepened the yield curve. Ten-year yields were noted at 4.32% at the time of writing. CFTC: As per weekly CFTC data, money managers decreased their bullish gold bets by 7,585 net-long positions to 154,226 in the week ending August 12. Fed Watch: The Fed's Bostic said after a 3-day tour of the Southeastern US he found that tariff strains were real and high borrowing costs were squeezing business profits. He is inclined towards reducing rates. Hong Kong to announce gold trading Hub plan by year-end: According to Financial Secretary Paul Chan of Hong Kong, the city plans to unveil a plan to develop an international gold trading centre which would include supporting physical delivery as the City's plans to build a commodity trading system ecosystem progresses ahead. Data roundup: NAHB Housing Market Index (August) released on Monday came in at 32 Vs the forecast of 34. Upcoming data and events: Investors eye Jackson Hope Symposium to be held from August 21 to August 23. The Fed Chair Powell's speech is at 7:30 PM IST on August 22. ECB's Ms Lagarde will speak at the Jackson Hole Symposium on August 23. The US data to be released this week include housing starts (August 19), July 30 FOMC minutes (August 20), S&P Global US PMIs (August 21), leading Index (August 21) and existing home sales (August 21). China's PBoC is expected to keep its 1-year and 5-year Loan Prime rates unchanged at 3% and 3.5% respectively on August 20. Eurozone's PMIs will be released on August 21, while Germany's 2Q final GDP will be out on August 22. Japan will release its PMIs and national CPI on August 21 and August 22 respectively. Gold ETF: Notwithstanding a 1.8% weekly decline in gold prices , total known global gold ETF holdings surged to a fresh 2-year high of 92.66 MOz on August 15. Gold ETF holdings are up 11.84% YTD. It is to be noted that ETF holdings reached a record high of 111.25 MOz on October 15, 2020, during Covid days on safe haven demand and fiscal and monetary stimulus measures taken by global central banks and governments. USDINR: USDINR fell as Trump held back on his further tariff threats. In addition, proposed changes by the Indian government in the GST structure, as announced on August 15, are also being seen as reducing tariff impact to some extent. The proposed changes will see the number of GST categories reduced from four to two, with most goods that were taxed at 12% and 28% now taxed at the lower rate of 5% and 18%, respectively. Gold outlook: In the very short-term, investors' focus will be primarily on two factors: Geopolitical developments concerning Ukraine and Jackson Hole Symposium. The presence of seven European leaders at the meeting with Trump has lent some additional support to the cause of Ukraine. The proposed trilateral meeting may further alleviate geopolitical tensions to some extent in the very short-term; however, the mechanism of security guarantee and the stances of the major actors Viz Ukraine, Russia and Europe concerning each other remain sticky points. The Russian President Putin has clearly laid down the conditions of a ceasefire that include recognition of Eastern Ukraine's Donbas regions won by Russia as Russian territories and demilitarization of Ukraine. Ukraine has maintained that it won't cede its regions. Security guarantees by NATO may further complicate the situation in the region. Thus, while gold, in ultra short-term, can test the support around $3307 ( MCX Gold October Rs 98,600)/$3290 (Rs 98,100) , downside is limited unless we see some significant and long-lasting positive developments in the Ukrainian war. Worsening US and global economies and rate cut expectations would cushion the fall in gold prices. Resistance is at $3350 (Rs 100,000)/$3375 (Rs 100,700). Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
Mint
an hour ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy after Trump-Zelensly meeting
Stocks to buy under ₹ 100: Following the positive outcome from the Trump-Putin meeting, GST reforms and optimistic hopes from the Trump-Zelensky meeting, the key benchmark indices of the Indian stock market staged a strong rally of around 1% each, driven by sharp gains in auto, consumption, metal, and realty stocks. Investor sentiment was buoyed by reports of a streamlined Goods and Services Tax (GST) structure, expected to boost spending and fuel consumption. The Nifty opened strongly and climbed to an intraday high of 25,022 mid-session. However, some higher-level profit booking led the index to pare a portion of its gains, eventually closing at 24,882.50, up 251 points or 1.02%. Sector-wise, Nifty Auto led the charge with a stellar gain of 4.18%, followed by Nifty Realty, which rose 2.17%, and Nifty Metal, up 1.86%. FMCG and PSU Bank indices also traded positively, advancing 1.2% and 0.4%, respectively. On the downside, Nifty IT dipped 0.57%, while Energy, Pharma, and Media sectors remained essentially flat. Broader markets outperformed the benchmarks, with the Nifty Midcap 100 rising 1.08% and the Nifty Smallcap 100 adding 1.38%. Pointing towards the key takeaways from the Trump-Zelensky meeting, Anuj Gupta, Director at Ya Wealth, said, 'If we look at the key takeaways from the most-awaited Trump-Zelensky meeting, the US President Donald Trump has said the US could back security guarantees for Ukraine. However, it is still not clear how to prevent further Russian aggression in the future. One thing that would keep Russia satisfied, Trump has ruled out allowing Ukraine to join NATO. He did, however, express support for security guarantees for Ukraine, which is expected to please Zelensky. So, in a broader perspective, we can say that the Russia-Ukraine peace talks have moved further. Zelensky and Putin are willing to end the war, which may trigger further buying in the global markets, including the indian stock market.' Speaking on the outlook of the Nifty 50 index, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The Nifty 50 index, after a long consolidation near the 100-DEMA level, finally indicated a strong pullback with a bullish candle formation to close above 50-DEMA level of 24,815 zone with bias and sentiment improving, and as mentioned earlier, a decisive breach above the 25,100 level shall establish conviction, and thereafter, we can expect stability in the coming sessions. Active participation from the broader markets has eased out the pessimism to some extent, which can trigger further upward movement of the indices." On the outlook of the Bank Nifty today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Bank Nifty index, taking support near the 100-DEMA level of the 54,978 zone, has given an INSIDE BAR breakout above the 55600 zone during the intraday session, and we can expect a further rise with an initial target of the 56,500-56,800 level expected in the coming sessions. With the bias maintained intact till now, the crucial zone of the 55,000 level needs to be sustained to anticipate further recovery on the index." 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: Ola Electric Mobility, JTL Industries, and Shriram Properties. 1] Ola Electric Mobility: Buy at ₹ 41, Target ₹ 45, Stop Loss ₹ 39. 2] JTL Industries: Buy at ₹ 68, Targets ₹ 71.50, ₹ 73.30, Stop Loss ₹ 65.70. 3] Shriram Properties: Buy at ₹ 89.50, Target ₹ 95, Stop Loss ₹ 85. Russian and Ukrainian presidents Vladimir Putin and Volodymyr Zelensky looked set for a peace summit after fast-moving talks Monday between Donald Trump and European leaders that focused on the key issue of long-term security guarantees for Kyiv. The hope of a breakthrough rose after Trump said he had spoken by phone with Russian counterpart Putin, whom he had met in Alaska last week, following a "very good" meeting with the Europeans and the Ukrainian president at the White House. It would be the first meeting between the Russian and Ukrainian leaders since Moscow's brutal invasion nearly three and a half years ago, and comes as Trump tries to live up to his promise to end the war quickly.
Mint
4 hours ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy after Trump-Zelensly meeting
Stocks to buy under ₹ 100: Following the positive outcome from the Trump-Putin meeting, GST reforms and optimistic hopes from the Trump-Zelensky meeting, the key benchmark indices of the Indian stock market staged a strong rally of around 1% each, driven by sharp gains in auto, consumption, metal, and realty stocks. Investor sentiment was buoyed by reports of a streamlined Goods and Services Tax (GST) structure, expected to boost spending and fuel consumption. The Nifty opened strongly and climbed to an intraday high of 25,022 mid-session. However, some higher-level profit booking led the index to pare a portion of its gains, eventually closing at 24,882.50, up 251 points or 1.02%. Sector-wise, Nifty Auto led the charge with a stellar gain of 4.18%, followed by Nifty Realty, which rose 2.17%, and Nifty Metal, up 1.86%. FMCG and PSU Bank indices also traded positively, advancing 1.2% and 0.4%, respectively. On the downside, Nifty IT dipped 0.57%, while Energy, Pharma, and Media sectors remained essentially flat. Broader markets outperformed the benchmarks, with the Nifty Midcap 100 rising 1.08% and the Nifty Smallcap 100 adding 1.38%. Pointing towards the key takeaways from the Trump-Zelensky meeting, Anuj Gupta, Director at Ya Wealth, said, 'If we look at the key takeaways from the most-awaited Trump-Zelensky meeting, the US President Donald Trump has said the US could back security guarantees for Ukraine. However, it is still not clear how to prevent further Russian aggression in the future. One thing that would keep Russia satisfied, Trump has ruled out allowing Ukraine to join NATO. He did, however, express support for security guarantees for Ukraine, which is expected to please Zelensky. So, in a broader perspective, we can say that the Russia-Ukraine peace talks have moved further. Zelensky and Putin are willing to end the war, which may trigger further buying in the global markets, including the indian stock market.' Speaking on the outlook of the Nifty 50 index, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The Nifty 50 index, after a long consolidation near the 100-DEMA level, finally indicated a strong pullback with a bullish candle formation to close above 50-DEMA level of 24,815 zone with bias and sentiment improving, and as mentioned earlier, a decisive breach above the 25,100 level shall establish conviction, and thereafter, we can expect stability in the coming sessions. Active participation from the broader markets has eased out the pessimism to some extent, which can trigger further upward movement of the indices." On the outlook of the Bank Nifty today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Bank Nifty index, taking support near the 100-DEMA level of the 54,978 zone, has given an INSIDE BAR breakout above the 55600 zone during the intraday session, and we can expect a further rise with an initial target of the 56,500-56,800 level expected in the coming sessions. With the bias maintained intact till now, the crucial zone of the 55,000 level needs to be sustained to anticipate further recovery on the index." 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: Ola Electric Mobility, JTL Industries, and Shriram Properties. 1] Ola Electric Mobility: Buy at ₹ 41, Target ₹ 45, Stop Loss ₹ 39. 2] JTL Industries: Buy at ₹ 68, Targets ₹ 71.50, ₹ 73.30, Stop Loss ₹ 65.70. 3] Shriram Properties: Buy at ₹ 89.50, Target ₹ 95, Stop Loss ₹ 85. Russian and Ukrainian presidents Vladimir Putin and Volodymyr Zelensky looked set for a peace summit after fast-moving talks Monday between Donald Trump and European leaders that focused on the key issue of long-term security guarantees for Kyiv. The hope of a breakthrough rose after Trump said he had spoken by phone with Russian counterpart Putin, whom he had met in Alaska last week, following a "very good" meeting with the Europeans and the Ukrainian president at the White House. It would be the first meeting between the Russian and Ukrainian leaders since Moscow's brutal invasion nearly three and a half years ago, and comes as Trump tries to live up to his promise to end the war quickly. 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.
Mint
4 hours ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy after Trump-Zelensky meeting
Buy or sell stocks: Following the positive outcome from the Trump-Putin meeting, GST reforms and optimistic hopes from the Trump-Zelensky meeting, the Indian stock market ended higher on Monday for the third straight session. The Nifty 50 index finished 245 points higher at 24,876, the BSE Sensex ended 676 points higher at 81,273, and the Bank Nifty index gained 393 points and closed at 55,734. Sector-wise, Nifty Auto led the charge with a stellar gain of 4.18%, followed by Nifty Realty, which rose 2.17%, and Nifty Metal, up 1.86%. FMCG and PSU Bank indices also traded positively, advancing 1.2% and 0.4%, respectively. On the downside, Nifty IT dipped 0.57%, while Energy, Pharma, and Media sectors remained essentially flat. Broader markets outperformed the benchmarks, with the Nifty Midcap 100 rising 1.08% and the Nifty Smallcap 100 adding 1.38%. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment has improved as the Nifty 50 index closed above 50-DEMA resistance at 24,815 levels. Now, a decisive breakout above 25,100 would inject a fresh bull trend on Dalal Street. She said the market is expected to react to the outcome of the Trump-Zelensky meeting yesterday at the Oval Office. Speaking on the outlook of the Nifty 50 index, Vaishali Parekh said, "The Nifty 50 index, after a long consolidation near the 100-DEMA level, finally indicated a strong pullback with a bullish candle formation to close above 50-DEMA level of 24,815 zone with bias and sentiment improving, and as mentioned earlier, a decisive breach above the 25,100 level shall establish conviction, and thereafter, we can expect stability in the coming sessions. Active participation from the broader markets has eased out the pessimism to some extent, which can trigger further upward movement of the indices." "The Bank Nifty index, taking support near the 100-DEMA level of the 54,978 zone, has given an INSIDE BAR breakout above the 55600 zone during the intraday session, and we can expect a further rise with an initial target of the 56,500-56,800 level expected in the coming sessions. With the bias maintained intact till now, the crucial zone of the 55,000 level needs to be sustained to anticipate further recovery on the index," said Parekkh. Parekh said that immediate support for the Nifty 50 index is 24,700, while the resistance is 25,100. The Bank Nifty would have the daily range of 55,000-56,300. Regarding stocks to buy today, Vaishali Parekh recommended these three buy-or-sell stocks: UTI AMC, Nykaa, and Ola Electric Mobility. 1] UTI AMC: Buy at ₹ 1385, Target ₹ 1450, Stop Loss ₹ 1350; 2] Nykaa: Buy at ₹ 218, Target ₹ 228, Stop Loss ₹ 212; and 3] Ola Electric Mobility: Buy at ₹ 41, Target ₹ 45, Stop Loss ₹ 39. Russian and Ukrainian presidents Vladimir Putin and Volodymyr Zelensky looked set for a peace summit after fast-moving talks Monday between Donald Trump and European leaders that focused on the key issue of long-term security guarantees for Kyiv. The hope of a breakthrough rose after Trump said he had spoken by phone with Russian counterpart Putin, whom he had met in Alaska last week, following a "very good" meeting with the Europeans and the Ukrainian president at the White House. It would be the first meeting between the Russian and Ukrainian leaders since Moscow's brutal invasion nearly three and a half years ago, and comes as Trump tries to live up to his promise to end the war quickly. 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.
Mint
5 hours ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50, Trump-Zelensky meeting, Russia-Ukraine war; five stocks to buy or sell
Stock market today: The markets started a new week on a strong note as the Nifty-50 index ended the day at 24,876.95 , up 1%. The Bank Nifty at 55,734.90 ended 0.71% higher, while auto, consumer durables, and metals were among key gainers as most sectors ended in the green. In the broader indices, the mid- and small-caps ended with gains of 1.08-1.38%. With the potential to revisit 25,000 in the coming days for the Nifty-50 Index, immediate support is placed at 24,800, below which the index may drift towards 24,500. On the higher side, a decisive move above 25,000 could trigger a larger rally in the market," said Rupak De, Senior Technical Analyst at LKP Securities Key support for Bank Nifty lies in the 54,800 and 55,000 range, as per Bajaj Broking. Pointing towards the outcome of the Trump-Zelensky meeting, Anuj Gupta, Director at Ya Wealth, said, 'If we look at the key takeaways from the most-awaited Trump-Zelensky meeting, the US President Donald Trump has said the US could back security guarantees for Ukraine. However, it is still not clear how to prevent further Russian aggression in the future. One thing that would keep Russia satisfied, Trump has ruled out allowing Ukraine to join NATO. He did, however, express support for security guarantees for Ukraine, which is expected to please Zelensky. So, in a broader perspective, we can say that the Russia-Ukraine peace talks have moved further. Zelensky and Putin are willing to end the war, which may trigger further buying in the global markets, including the indian stock market.' A combination of policy reforms (GST 2.0), sovereign rating upgrade, potential tariff relief, RBI and government stimulus, monsoon-led consumption revival, and festive demand could trigger a strong recovery in the corporate earnings in 2HFY26. Thus, we maintain a positive view on Indian equities over the next 6-9 months, said Siddhartha Khemka, Head Of Research, Wealth Management, Motilal Oswal Financial Services Ltd. Regarding stocks to buy today, market experts—Sumeet Bagadia, Executive Director at Choice Broking, and Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi—recommended these five intraday stocks for today: Kirloskar Oil Engines Ltd, Supreme Industries Ltd., Castrol India Ltd., Prestige Estates Projects Ltd. and National Aluminium Company Ltd. Kirloskar Oil Engines Ltd-Bagadia recommends buying KIRLOSENG at around ₹ 944.1, keeping Stoploss at ₹ 911 for a target price of ₹ 1020. KIRLOSENG is currently trading at ₹ 944.10 and is exhibiting strong bullish momentum, supported by a rising price structure. On the daily chart, the stock is on the verge of breaking out from a consolidation phase. A decisive close above the key resistance level of ₹ 960 would confirm the breakout and signal the continuation of the prevailing uptrend. The stock is trading well above all major exponential moving averages (20, 50, 100, and 200-day), all of which are trending upward. This alignment highlights robust underlying price action and reinforces the bullish sentiment. 2. Supreme Industries Ltd—Bagadia recommends buying SUPREMEIND at around ₹ 496, keeping Stoploss at ₹ 4338 for a target price of ₹ 4820 SUPREMEIND is currently trading at ₹ 4,496.10, exhibiting a strong bullish trend. The stock recently bounced from its support zone and has given a breakout from the consolidation range of ₹ 4,060– ₹ 4,400 with the formation of a strong bullish candle, reinforcing upward momentum. This breakout was supported by a rise in trading volumes, reflecting strong buying interest from investors. In the near term, the stock looks poised to target ₹ 4,820 3. Castrol India Ltd—Dongre recommends buying CASTROLIND at around ₹ 206, keeping Stoploss at ₹ 200, for a target price of ₹ 216. Stock has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum. The stock is currently trading at ₹ 206 and has established a solid support base at ₹ 200. This level has historically acted as a cushion, and the recent price action suggests a reversal from this support, reinforcing bullish sentiment. The technical setup points to the potential for a price retracement toward the ₹ 216 level in the near term. Given the renewed strength and the favorable risk-reward ratio, entering at the current market price with a stop-loss placed at ₹ 200 offers a strategic opportunity to capture the expected upside move. The outlook remains positive as long as the stock holds above its key support zone 4. Prestige Estates Projects Ltd—Dongre recommends buying PRESTIGE at around ₹ 1625, keeping Stoploss at ₹ 1600, for a target price of ₹ 1680 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1625 and maintaining strong support at ₹ 1600. The technical setup indicates the potential for a price retracement towards the ₹ 1680 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 1600 offers a prudent approach to capturing the anticipated upside. 5. National Aluminium Company Ltd—Dongre recommends buying NATIONALUM at around ₹ 188, keeping the stop loss at ₹ 183 for a target price of ₹ 198 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 188 and maintaining strong support at ₹ 183. The technical setup indicates the potential for a price retracement towards the ₹ 198 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 180 offers a prudent approach to capturing the anticipated upside. 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.
