Ace investor Ashish Kacholia added Jain Resource Recycling to his portfolio, marking a 50-stock milestone; the smallcap IPO surged 41% post-listing, with Kacholia holding 1.14% valued at Rs 128 crore. He was allotted these shares in a pre-IPO offer. The company is engaged in recycling and manufacturing non-ferrous metals such as lead, copper and aluminium.
Gold tumbles 4% to seven-week low as oil, dollar and yields climb
Gold fell sharply as rising oil prices heightened inflation concerns and strengthened expectations for tighter monetary policy. A firmer dollar and increasing Treasury yields contributed