Indian market closed in the red on Tuesday after a 2-day winning streak, following mixed global cues. The S&P BSE Sensex fell by over 400 points, while the Nifty50 closed above 18200. Buying was seen in public sector, power, and capital goods stocks, while auto, healthcare, banks, and FMCG names experienced selling. PVR Inox fell more than 2%, HUDCO increased nearly 7%, and Aurobindo Pharma closed with gains of over 4%. Analysts suggest selling PVR on the rise and buying HUDCO and Aurobindo Pharma at current levels or on dips.
Silver hits $60 per ounce for first time, gold rises ahead of Fed rate decision
Gold prices edged higher as traders anticipated the U.S. Federal Reserve’s interest rate decision. Meanwhile, silver surged to an all-time high of over $60 per