Retail demand may improve further as more states relax Covid restrictions, allowing consumers wider access to gold purchasing channels, says Kumar
Investors can look to add stocks where secular growth is coming and valuations are comfortable, says Vinit Bolinjkar
The markets are in a consolidated phase, where we are seeing a range-bound move continuing from the last couple of days
Jewellers can also continue to buy back old gold jewellery from customers even if they don’t have a hallmark, the government stated
Monsoons are progressing well and this also augurs well for the markets going forward, says Rahul Shah of Motilal Oswal Financial Services
"Markets have been quite volatile in the past few trading sessions, so what we are seeing is a sharp bounce from those corrections"
Mid and small-caps outperformed their larger peers. The BSE midcap index closed 0.82% higher, while the smallcap index finished with a gain of 0.83%
"Prices are also correcting in physical market as there is no demand. We are advising people to wait for lower levels to buy," said Anuj Gupta, IIFL
On BSE Sensex, HUL added the most in terms of market value, followed by Infosys, Tata Consultancy Services and Asian Paints last week
"Everybody must own some gold and silver as insurance if nothing else," said Jim Rogers told Money9