India’s benchmark index Nifty ended with cuts on Friday amid selling pressure in key sectors like banking, auto and IT. Commenting on the current outlook, Rupak De, Senior Technical Analyst at LKP Securities, said that Nifty remained weak during the session as traders continued to book profits. “On the lower end, it slipped below the…
Gold price surged Rs 1,800 to touch a fresh peak of Rs 1,15,100 per 10 grams in the national capital on Tuesday amid a weak US dollar and growing expectations of rate cut by the Federal Reserve. According to the All India Sarafa Association, the precious metal of 99.5 per cent purity appreciated Rs 1,800…
Foreign Institutional Investors (FIIs) have continued to pare their exposure to Indian equities in September, offloading shares worth Rs 10,782 crore so far. Nifty has remained unbeaten for eight successive sessions despite this sell-off. On Friday, FIIs were net buyers at Rs 129.6 crore while the domestic institutional investors (DIIs) were net buyers at Rs…