Albeit, on the weekly chart, not much has changed and the prices continues to consolidate between the 15700 - 16400 range
Uncertainty due to Russia-Ukraine war, worries of inflation, increase in interest rates and fear of recession have propelled foreign investors to sell
Expensive cotton has entangled the textile industry, which is the largest employer in the country.
The rising inflation of flour due to increase in wheat exports has taught a lesson to the government. It has forced the government to be cautious
Rupee is depreciating against dollar. Price of one dollar is now close to Rs 78. It was Rs 72 in May last year.
The net investment in equity funds during April was only Rs 15,890 crore. This is 44 percent less than in March
It was a week of roller coaster moves as our markets witnessed many twists and turns
India's 60% power is produced by thermal plants. India has world's 5th largest coal reserves.
Volatility persists, but Nifty 50 index is showing support at the level of 15,650 to 15,750
The government has made 20, 23 and 24 carat gold hallmarking mandatory in 32 additional districts from 1st of June.