"hdfc-securities"

The rupee fell 15 paise to close at 94.65 against the US dollar, pressured by a stronger greenback, month-end corporate demand and risk-averse sentiment. Stable crude prices and expected RBI intervention limited losses despite weak domestic equities and FII outflows

Gold prices fell sharply by Rs 4,100 to Rs 1,21,800 per 10 grams in Delhi, slipping below the USD 4,000 mark globally as easing US-China tensions and ETF outflows reduced safe-haven demand. Silver also tumbled Rs 6,250 per kg

However, silver tumbled Rs 500 to Rs 76,500 per kg. In the previous trade, it had ended at Rs 77,000 per kg.

Brent crude futures, the global oil benchmark, advanced 0.81 per cent to USD 82.88 per barrel.

In the international markets, spot gold at COMEX was trading at USD 2,177 per ounce, down USD 3 from the previous close.

The 30-share Sensex climbed 99.44 points or 0.14 per cent to 73,257.68 points while the broader Nifty gained 18.30 points or 0.08 per cent to 22,235.75 points.

In the previous trade, the precious metal had ended at Rs 63,500 per 10 grams

However, silver climbed Rs 450 to Rs 76,750 per kilogram. It settled at Rs 76,300 per kg in the previous trade.

In the global markets, gold and silver were quoting lower at USD 1,897 per ounce and USD 22.80 per ounce, respectively.

Market participants are in a wait-and-watch mode ahead of the Bank of England and Bank of Japan policy decision, he said.

Robust flows from the local investors amidst mixed and negative flows from foreigners have helped Nifty achieve this landmark, he said. Successful achievements recently in space and foreign diplomacy by India has boosted sentiments for Indian stocks generally in an era when the global situation is still shaky.

Hyderabad: Indian rupee on Tuesday sunk to its lowest 80 to a US dollar as the Indian currency continued to be in the free fall. Later in the day, it recovered to close at 79.92 (provisional) against the US dollar. At the interbank forex market, the local unit opened lower at 80.00 against the US […]

Accordingly, HDFC Securities, expects banks to remain selective in restructuring stressed assets.

In the current unlock phase, the pent-up demand is lukewarm (unlike last year) as customer sentiment has been partially impacted by higher fuel prices, said HDFC Securities.

Notably, the trend might lead to value correction, this in theory, can trigger another bull run.

Silver also jumped Rs 251 to Rs 69,035 per kg, from Rs 68,784 per kg in the previous trade.

HDFC Securities has maintained a positive outlook for the industry.

Accordingly, the personal loan segment witnessed further improvement in growth at 12.6 per cent YoY, after hitting a 10-year low of 9.1 per cent YoY in January.

In the previous trade, the precious metal had closed at Rs 47,273 per 10 gram.

Natural gas production in 2019-20 was 85 mmscmd, which is estimated to have fallen to 80 mmscmd in the following year, HDFC Securities said in a report.