Gold Price Warning: If gold prices rise above $5,055, a major market upheaval could occur. This level is crucial for traders.
As soon as gold crosses this mark, there could be immense buying pressure in the market. This could lead to significant losses for gold sellers.
Shares of several Adani Group companies came under heavy pressure, wiping out nearly $12.5 billion (around ₹1 lakh crore) in market value in a single session. The fall came after news that the US Securities and Exchange Commission (SEC) has approached a court to seek permission to serve summons on certain individuals linked to the group.
New Delhi: India’s biggest airline, IndiGo, on Thursday reported a 78 per cent slump in December quarter net profit as flight disruptions and implementation of the new labour code took a toll on its earnings.
Shares of Bandhan Bank surged nearly 5% on Friday, touching an intraday high of ₹150.50 on the BSE, after leading brokerages Motilal Oswal and JM Financial upgraded the stock and raised their target prices.
Gold rose to a record high near $5,000 an ounce, as geopolitical risk and threats to the Federal Reserve’s independence added support to a rally fueled by a retreat from currencies and bonds.