Gold Hits Record High, IT Stocks Pull Down Indices
Gold prices on MCX surged to an all-time high at Rs 1,11,000 per 10g and silver futures rose to Rs 1,33,582/kg. However, Indian equity indices ended lower for a second day, especially battered by IT shares after the US announced a massive hike in the H-1B visa fee. Market experts believe that volatile commodities and sectoral shocks will define trading this week. Defensive and consumption stocks could offer some respite to investors seeking stability.
neutral
27 days ago
Gold Hits Record High, IT Stocks Pull Down Indices
Gold prices on MCX surged to an all-time high at Rs 1,11,000 per 10g and silver futures rose to Rs 1,33,582/kg. However, Indian equity indices ended lower for a second day, especially battered by IT shares after the US announced a massive hike in the H-1B visa fee. Market experts believe that volatile commodities and sectoral shocks will define trading this week. Defensive and consumption stocks could offer some respite to investors seeking stability.
neutral
Gold Hits Record High, IT Stocks Pull Down Indices
27 days ago
1 min read
74 words
Gold, silver rally as equity indices drop on IT sector woes.
Gold prices on MCX surged to an all-time high at Rs 1,11,000 per 10g and silver futures rose to Rs 1,33,582/kg. However, Indian equity indices ended lower for a second day, especially battered by IT shares after the US announced a massive hike in the H-1B visa fee. Market experts believe that volatile commodities and sectoral shocks will define trading this week. Defensive and consumption stocks could offer some respite to investors seeking stability.
Gold prices on MCX surged to an all-time high at Rs 1,11,000 per 10g and silver futures rose to Rs 1,33,582/kg. However, Indian equity indices ended lower for a second day, especially battered by IT shares after the US announced a massive hike in the H-1B visa fee. Market experts believe that volatile commodities and sectoral shocks will define trading this week. Defensive and consumption stocks could offer some respite to investors seeking stability.