Gold glitters at all-time high: Should investors wait for a dip

High inflation, a weaker rupee, and strong demand for safe-haven assets have supported gold’s rally in the domestic market.

High inflation, a weaker rupee, and strong demand for safe-haven assets have supported gold’s rally in the domestic market.

The National Stock Exchange (NSE) is set to relocate its headquarters from Bandra-Kurla Complex (BKC) to a newly allotted site, with its iconic office being transformed into a state-of-the-art data centre, says report.

Shares of Premier Energies have fallen 28% over the past three months, compared to a 4% decline in the Nifty. However, near-term margin risks have increased, JP Morgan wrote in its latest report.

Shipbuilder stocks like Mazagon Dock and Cochin Shipyard were also surging on Wednesday after Fincantieri CEO Pierroberto Folgiero recently emphasized India’s emergence as a global shipbuilding hub. Fincantieri is one of the world’s largest shipbuilding companies.

On Thursday, market tech analyst Mitessh Thakkar recommended these stocks for the short term.

The order pertains to the development of a Laser Source Module and its integration with the Beam Control System (BCS) on a mobile platform.

While Ola Electric claims to have sold 25,000 vehicles in February, only 8,600 vehicles were registered as per Vahan Portal.

Manappuram shares have been in focus over the last few weeks after reports suggested that private equity firm Bain Capital is nearing a deal to acquire a controlling stake in the company.

UltraTech’s decision to enter this space had triggered a sharp sell-off in shares of the incumbent cables and wires companies, although most of them downplayed the impact of this, due to the long gestation period involved in the industry.

The project, classified as a “Major Order”, will be executed over a total period of five years—three years for construction and two years for the defect liability period (DLP). The contract has been awarded on a lumpsum percentage tender basis.