Spot silver shorts at $22.50—$22.60 Target $22.20—$22.10, perhaps as far as $21.85/$21.80. If we continue lower look for $21.65 & $21.45—$21.40.
India Has a Love-Hate Relationship With Gold | Gold Silver Reports
India has a love-hate relationship with gold. Indians love gold. Indian policymakers hate that they love it.
An estimated 24,000 tonnes of gold lies unused with Indian households and religious institutions, according to a 2018 report by the NITI Aayog. From time to time, efforts have been made to bring this gold into the productive economy — from gold monetisation schemes to gold bonds and now the gold stock exchange.
Nucleus Software’s Lending Product FinnOne Goes Live In Spain
Shares of Nucleus Software Exports Ltd. rose over 2% in intraday trade to Rs 595 apiece after the company’s flagship lending product, FinnOne in Spain. FinnOne has been supporting Opel Vauxhall Finance in Europe since 2006 with Spain becoming the ninth and the latest European country to go live with FinnOne. OPEL is an automotive finance captive organization, supported by Stellantis and BNP Paribas.
Biocon Gains On Launch Of Generic Version Of Afinitor In The U.S. Market
Shares of Biocon Ltd. rose 1.45% in intraday trade to Rs 370.06 apiece after the company announced the launch of Everolimus tablets, a generic version of Afinitor in the U.S., thereby expanding its generic formulations portfolio.
Nifty Forecast: Don’t Sell Nifty, We Expected Buy on Dips
Nifty Forecast: We did have new highs punched out, crossing the 18,000 mark on the Nifty and the 60,000 mark on the Sensex too. But those were brief taps to high levels that didn’t last. In fact for the Nifty it was just an opening tap so, it is a theoretical high rather than a traded high.