Daily News

On 12/11/2024 gold prices were unchanged. 22-carat gold costs Rs.7237.3 per gm, whereas 24-carat gold costs Rs.7893.3 per gm. The cost of silver is Rs.96100.0 per kg. Different prices in different cities Delhi: Gold-₹78933.0/10 grams Silver-₹96100.0/Kg. Mumbai: Gold: ₹78787.0/10 grams Silver- ₹95400.0/Kg Chennai: Gold: ₹78781.0/10 grams Silver- ₹104700.0/Kg Kolkata: Gold: ₹78785.0/10 grams. Silver- ₹96900.0/Kg. Price fluctuations for gold and silver are caused by a number of reasons, including input from reputable jewelers. These changes are caused by many factors, including the demand for gold around the world, variations in the value of currencies between nations, current interest rates, and laws governing the gold trade. Global events also affect gold prices in the Indian market, such as the status of the world economy and the value of the US dollar relative…

Asian Paints shares fall to 9.5% during intraday trading on Monday, November 11, shares of Asian Paints, the nation's top paint and décor company, dropped 9.5% to ₹2,506 a share, the lowest level since April 2021. The company's poor September quarter (Q2) earnings, which fell short of analysts' estimates, preceded this decline. Soft demand circumstances, rising material prices, and a downturn in the domestic ornamental and coatings market were the main causes of the reporting quarter's poor performance, which affected the company's profitability. These difficulties have caused analysts to lower their target prices for the company.

On Monday, November 11, new mutual fund schemes were available for subscription. This covers products offered by Tata Mutual Fund, UTI Mutual Fund, and Samco Mutual Fund. Before applying, investors looking for new investment options can review the specifics of these New Fund Offers (NFOs). 1. Samco Arbitrage Fund Because it is considered as an equity-oriented fund for taxes purposes, Samco Mutual Fund's new fund offer (NFO), an open-ended hybrid scheme with an emphasis on arbitrage, is perfect for investors in higher tax slabs. November 11–November 21, 2024 is the NFO period. The minimum subscription amount is ₹5,000, and after that, it is in multiples of ₹1. The scheme's minimum additional purchase value is ₹500, and beyond that, it is in multiples of ₹1. Exit load: 0.25% if the investment…

Refex Renewables & Infra was stuck in a 5% upper circuit today for the following reasons:- On Monday, November 4, 2024, shares of Refex Renewables & Infrastructure were trapped in a 5% upper circuit at Rs 1,121.05 per share. The stock also reaches a new 52-week high at this time. Following the company's announcement that its wholly-owned subsidiary, Refex Green Power Limited, had purchased the remaining 51% equity stake from the current shareholder in Sherisha Solar SPV Two Private Limited, a step-down subsidiary company, the share price of Refex Renewables & Infrastructure increased. "We would like to inform all our stakeholders that Refex Green Power Limited, a wholly-owned subsidiary of the Company, has acquired the remaining 51% equity stake from the existing shareholder in Sherisha Solar SPV Two Private Limited,…

Reliance Industries Ltd.'s (RIL) stock fell 4% in early trading today due to a significant market meltdown. After closing at Rs 1339.10 on the BSE, RIL shares dropped 4.01% to Rs 1285.35. The company's market value dropped to Rs 17.48 lakh crore. On the BSE, a total of 7.25 lakh company shares were exchanged, representing the second-largest turnover of Rs 94.46 crore. On July 8, 2024, the stock reached a record high of Rs 1608.95. On November 10, 2023, it dropped to a 52-week low of Rs 1149.08.

Investors can purchase and sell shares (or stocks) of publicly traded corporations on the share market, commonly referred to as the stock market or equity market. A small portion of a firm is owned by the owner of shares, which represent ownership in that business. During certain hours, buyers and sellers congregate on the share market to trade on publicly listed shares. India's two main stock exchanges are the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Here’s a breakdown of key concepts: 1. Shares and Stocks: Shares: A company's ownership units. Stocks: The term "stocks" describes the overall ownership of one or more businesses. As an illustration, "I own stocks in different companies." 2. Stock Exchange: The stock market operates through stock exchanges, like the NSE (National…

Tech Mahindra Q2 Results: Compared to ₹12,863.9 crore in the same quarter of 2023–2024, revenue increased by 3.49 percent to ₹13,313.2 crore in the second quarter of 2024–25. https://www.youtube.com/watch?v=t0AdP_RVqmw Due to growth in European and other non-American markets, as well as the banking, financial services, and insurance (BFSI) segment, and special income from the sale of assets, IT services company Tech Mahindra reported a more than two-fold increase in its consolidated net profit to ₹1,250 crore for the July-September quarter on Saturday. According to an exchange filing, the Mahindra Group company reported a net profit of ₹493.9 crore for the same period last year. Compared to ₹12,863.9 crore in the second quarter of 2023–2024, revenue increased by 3.49 percent to ₹13,313.2 crore in 2024–2025. “Other income includes gain on sale…

On October 15th 2024, Hyundai Motors' first public offering will begin.The market eagerly anticipated the company's plan to sell 14.22 crore promoter shares in order to raise Rs 27870 crore. As planned, the Hyundai Motor India IPO subscription period began on Tuesday, October 15, and will end on October 17. With a face value of ₹10, the price range is fixed at ₹1865 to ₹1960 per share. However, there are several reasons to exercise caution in this case: The grey market premium has drastically decreased since the bankers raised the IPO's valuation ask. The price range appears to be extremely high at 1865–1969 rs, and it now appears that there is nothing left for investors to consider. Additionally, it is an offer for sale, meaning that current shareholders are selling…

An open-ended plan that invests in debt and money market securities, gold and silver-related instruments, and equity and equity-related instruments is the Bandhan Multi Asset Allocation Fund. This product is appropriate for investors looking for: To produce income and long-term capital growth. Investing in debt and money market securities, gold and silver-related products, and equity and equity-related instruments. To read more: https://bandhanmutual.com/nfo/bandhan-multi-asset-allocation-fund/ To calculate SIP: https://groww.in/mutual-funds/bandhan-multi-asset-allocation-fund-direct-growth To know more about SIP: https://ksiwealthcreator.com/systematic-investment-plan/

You can find a complete, step-by-step guide on how to invest in SIP in the list below: Step 1: Recognize your risk tolerance and the investment goal Prior to choosing any kind of investment, it is important to understand your level of risk capacity and your financial objectives. While taking on more risk can enhance earnings, it also raises the possibility of losing. Establish your goals, whether they are related to school, retirement, or other financial aspirations. Step 2: Select an Appropriate Market-Linked Fund Choose funds based on your financial objectives and risk tolerance. Take into account elements like Past performance Fund type Expense ratio Step 3: Decide on the SIP Date When you choose the Systematic Investment Plan (SIP), your bank account is automatically debited with the amount you…