Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading in the red on Friday.
Gold may remain choppy reflecting volatility in the US dollar however we expect buying interest to emerge at lower levels as Fed is likely to maintain a dovish stance.
It was seen trading sharply lower upto 73.65 in NDF market on the release of US inflation on Wednesday, but it recovered yesterday on a rebound in the US and Asian markets.
Such periods are typically characterized by low-interest rates and high financial stress, all of which tend to boost demand for gold.
Shareholders of Indian Overseas Bank have given their approval for issuance of 246,54,23,932 equity shares to the government of India on a preferential basis for the capital infusion of Rs 4,100 crore.
The value of foreign portfolio investors’ holdings in domestic equities reached USD 552 billion in three months to March 2021, a surge of 7 per cent from the preceding quarter, according to a Morningstar report.
The ongoing second COVID-19 wave is affecting private equity and venture capital investments in terms of the deal numbers witnessed in April, a report said on Thursday.
BSE Sensex total returns have beaten gold prices by over 50% in the last 21 years.