Indian equity markets saw an increase led by banks and auto stocks, with the S&P BSE Sensex up 0.30% and the broader Nifty50 up 0.31% in early trading. However, the IT sector recorded a drop and Nifty PSU Bank fell 0.82%. Dharmesh Shah from ICICI Securities recommended buying Reliance Industries and IDFC First Bank, amongst others, for traders with a short-term horizon. The Head of Research, Technical and Derivatives at Angel One, Sameet Chavan, continued to advise traders to adopt a buy on decline strategy as the market may reach between 18,350 – 18,500.
Gold Price Today: Gold prices drop by Rs 6,500/10 gm from record high level, silver at Rs 96,287/kg
Gold prices have significantly declined from their April peak due to easing geopolitical tensions and a US-China trade deal. MCX Gold June futures hit a
May 13, 2025