Gold’s glitter dims: What’s driving the correction and what should investors do now?
Gold prices have corrected over 10% from record highs amid profit booking, easing geopolitical tensions, and a stronger US dollar. Despite short-term weakness, analysts say long-term fundamentals remain strong, supported by central bank buying, inflation concerns, and gold’s role as a strategic diversification asset.
Torrent Pharma Q2 PAT jumps 30% YoY to Rs 591 crore
In a remarkable financial turn, Torrent Pharmaceuticals has disclosed a staggering 30% rise in after-tax profit for the September quarter, reaching ₹591 crore. This impressive growth is attributed to thriving sales in various markets, which escalated their total revenue to ₹3,302 crore.
Tailwinds for rally fade; focus on Bihar results, US equation
After an impressive surge, Indian stock markets took a breather on Friday, with both Nifty and Sensex registering slight declines. Experts indicate this pause is due to a temporary slowdown in buying interest, lacking robust bullish signals. Market sentiments were also swayed by remarks from the US Federal Reserve.
Time Technoplast floats QIP for Rs 800 crore
Time Technoplast, a polymer product maker, is raising funds through a qualified institutional placement. The company plans to raise approximately ₹800 crore. This move will dilute nearly 8.8% of its equity. The issue opens on November 6 at a floor price of ₹211.7 per share. The indicative issue price is ₹201.12 per share.
Vanguard’s India Portfolio Shines: 10 Stocks rally up to 90% in FY26. Do you own any?
Vanguard’s India portfolio has surged 53% to Rs 65,897 crore, with 10 key stocks rallying up to 90% in FY26, highlighting its sharp stock-picking strategy.
Scared of the AI bubble? Hedge your fears with D-St bets: HSBC
HSBC sees India as a safe haven amid global AI market excitement. Indian stocks are currently underrepresented in emerging market portfolios. Increased investment could significantly benefit India. HSBC is positive on Indian equities, setting a 2026 Sensex target of 94,000. Valuations are now less of a concern. India offers value compared to Chinese equities.
Europe’s STOXX 600 ends volatile week lower; ITV soars
European shares concluded a volatile week lower, with technology stocks leading the decline due to persistent valuation concerns and broader risk-off sentiment stemming from the U.S. Automakers saw gains, while broadcaster ITV surged on potential sale talks. Investors also assessed corporate earnings, which showed some positive signs despite individual company setbacks.
Nasdaq posts worst week since April amid AI rally jitters, US yields slip
Indian markets saw a dip mirroring global trends. The Nasdaq experienced its largest weekly fall since April due to concerns over artificial intelligence stock sustainability. U.S. Treasury yields also declined. China’s trade data showed the impact of tariffs. Bitcoin saw a weekly decline but gained on the day. Major U.S. indexes recovered some losses late […]
Wall Street Week Ahead: Investors watching US economic signs as market pulls back, tech teeters
Indian investors are closely watching U.S. economic signals amid concerns over a cooling labor market and tech stock volatility. Worrisome jobs data and a prolonged government shutdown are creating uncertainty, prompting a cautious approach. Attention now shifts to secondary economic reports and upcoming corporate earnings, particularly from tech giants like Nvidia, for further clues on […]
Gold gains as dollar softens, US shutdown jitters persist
Gold prices climbed on Friday as a weaker dollar and U.S. government shutdown uncertainty boosted safe-haven demand. Wall Street indexes faced sharp weekly declines amid concerns over AI stock rallies. Traders are now anticipating a potential Federal Reserve interest rate cut in December.