Spot gold closed with a gain of 0.27% at $2338 Friday. However, the metal posted its first weekly decline in six on inflation concerns as the US inflation data remained elevated. The metal fell 2.20% on the weekly closing basis. The ten-year US yields at 4.67% were around 1% lower Friday; however, yields were up … Read more
There’s something about foreign institutional investors (FIIs) and election season. In all the last 5 election years, FII flows have been positive in the election quarter and, on an average, have improved in the next 3 months after the uncertainty eases. The impact of this seasonal trend can be already felt on Dalal Street this … Read more
MUMBAI – With the pace of selling by foreign portfolio investors slowing down significantly on Dalal Street in February compared to January, eight sectors got lucky to witness cumulative inflows of more than Rs 30,000 crore. However, the unlucky one was financial services, as stocks in this sector continued to be dumped by the big … Read more
