After ideaForge’s listing pop, will Cyient DLM follow suit? Here’s what GMP signals
The grey market premium (GMP) of Cyient DLM is around Rs 150-155 in the unlisted market. If we consider the upper price band of Rs 265, the company’s shares are expected to list at a premium of 58%.
Adani Ports among 4 sell ideas from Axis Securities this week
“Despite this short-term profit booking, the broader picture reveals that the medium to long-term trend remains bullish. Hence, any minor price corrections should be seen as a buying opportunity for traders. The buying momentum is expected to continue to propel the index towards the 19800-20000 levels in the upcoming weeks.”
US jobs report throws a lifeline for gold; likely to trade in the $1900-$1950 range next week
According to the World Gold Council, eight countries added gold to their reserves in May, which amounted to a net 50 tonne of addition; however, with Turkey selling 63 tonnes of gold to satisfy its domestic demand, total bank holdings fell by 27 tonnes