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Market Experts And Jewellery Industry Welcome Duty Cut In Gold; Price Falls Nearly 2%

Market experts and jewellery industry welcome duty cut in gold; price falls nearly 2%
India is the world’s second-largest gold consumer after China. India is slashing the rate for the first time in eight years to curb smuggling of the yellow metal into the country.
February 01, 2021 / 06:23 PM IST
Gold prices edged lower to Rs 48,409 per 10 gram as the government reduced customs duty on gold and silver to 7.5 percent from 12.5 percent.
However, there will be a 2.5 percent cess a separate tax on imports on both the metals, called the Agriculture infrastructure and development cess.
India is the world’s second-largest gold consumer after China. India is slashing the rate for the first time in eight years to curb smuggling of the yellow metal into the country. ....

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Share Market News Live: Sensex above 47,350 for first time, Nifty at 13,865; NTPC, GAIL, Airtel top gainers

Share Market Highlights: Sensex ends at 47,353 for first time, Nifty at 13,873; SBI, Titan, L&T top gainers
December 28,2020 15:51 IST
Sensex, Nifty Highlights on December 28: Market indices touched new record highs on Monday tracking gains in index majors, amid positive cues from global equities. Here s a look at the updates of the market action on BSE and NSE today
Closing
Market indices ended at new record highs on Monday, tracking gains in index majors, amid positive cues from global equities. Sensex ended 380 points higher at 47,353 and Nifty gained by 123 points to close at 13,873. During today s session, Sensex has hit an all-time high of 47,406 and Nifty logged a lifetime high of 13,885 ....

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Share Market News Live: Sensex above 47,200 for first time, Nifty at 13,865; NTPC, GAIL, Airtel top gainers

Share Market News Live: Sensex above 47,200 for first time, Nifty at 13,865; NTPC, GAIL, Airtel top gainers
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Sensex clocks longest stretch of weekly gains since 2018: What analysts say

Sensex clocks longest stretch of weekly gains since 2018: What analysts say
Axis Bank was the top gainer in the Sensex pack, rising around 3%, followed by Sun Pharma, Reliance Industries, ONGC, HDFC, ICICI Bank, Kotak Bank and Bharti Airtel
(Reuters)
The momentum indicators like RSI, MACD indicate the positive outlook to continue and market breadth to improve further after the decisive level breakout of the resistance zone, says an analyst
At present the Nifty has a support at 13,450 levels while resistance comes at 13,800 levels, says another analyst
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New Delhi: On the last trading day of the week, Sensex jumped 529 points on Thursday following gains in index majors Reliance Industries, HDFC twins and ICICI Bank amid positive global cues. Profit booking was seen in some selective IT stocks like Infosys, Wipro and HCL Tech after the recent spurt. ....

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Sensex, Nifty end near record highs on Thursday; here's what experts make of today's trade

Sensex, Nifty end near record highs on Thursday; here's what experts make of today's trade
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