Asian shares advanced and U.S. long-dated bond yields edged up to a five-month high on Wednesday on rising optimism about the global economy and corporate earnings while the yen slipped to a four-year low on the dollar.
The ETF folio addition in September was six lakh, a record level and double the one-year average of 3.7 lakh folios.
In the long-term too, gold faces challenges as households are saving proportionately less than they used to, which may reduce the amount of capital they allocate to gold, said WGC report.
The cost benefits that accrued to software services providers till now due to Covid-19 related travel restrictions may be coming to an end. Executives at top IT companies signalled a return to pre-Covid-19 margins and revenue while announcing results for the September quarter.
Skylark Wealth Management today bought 36,000 shares of Roni Households at Rs. 71 apiece through a bulk deal on the BSE.
Total revenue from operations of ACC, a subsidiary of Swiss building material major Holcim group (earlier LafargeHolcim), rose 5.98 per cent to Rs 3,749 crore from Rs 3,537.31 crore earlier.
Total income rose on a consolidated basis to Rs 2,198.61 crore during July-September quarter from Rs 2,064.61 crore in the year-ago period. Expenses remained higher at Rs 1,970 crore as against Rs 1,910.48 crore in the said period.
From the technical perspective, the second time market pared its gains and gave up its recovery is important. It has marked Tuesday’s high point of 18600 as a potential short-term top for the market.
Loans may be offered on three-year or five-year maturities. They would be priced after adding a spread over the London Interbank Offered Rate (LIBOR).
In dollar terms, revenues were up 22 per cent at $217.4 million, and the EBIT margin was at 18.4 per cent, up 470 basis points.
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