The Economic Times will host the ET Alpha Wealth Summit on June 4 in Mumbai. Fund managers and market veterans like Saurabh Mukherjea, S Naren, Nilesh Shah, Vikash Khemani, Rajeev Thakkar and Rajesh Saluja will discuss future wealth creation avenues. Sessions will explore identifying opportunities in a market with fewer cheap stocks.
West Bengal's election results signal a significant political shift with the BJP leading, prompting a surge in market sentiment. Analysts anticipate gradual improvements and long-term benefits for sectors like real estate and infrastructure, aligning with the BJP's manifesto. However, global macro indicators remain key drivers for Indian equities.
Gold prices are consolidating near key support levels around Rs 1.5 lakh after a brief correction, with analysts recommending a buy-on-dips strategy. Market direction hinges on upcoming US Nonfarm Payrolls data, which could influence dollar strength and interest rate expectations, thereby determining gold’s next breakout or continued range-bound movement.
CARE Ratings Limited and National Stock Exchange of India have launched PaRRVA, a framework to verify performance claims in the securities market. Conceptualised by Securities and Exchange Board of India, the platform aims to independently validate risk-return data and standardise disclosures for investors as market participation grows.
Shares of Kolkata-based companies surged after early trends in the West Bengal Assembly elections showed a strong lead for the BJP. Stocks like Baazar Style Retail, Senco Gold and CESC rallied on expectations of higher consumption and economic activity, although analysts caution that the market impact may remain short term.
Silver prices plunged Rs 3,917 to Rs 2.47 lakh per kilogram in futures trade on Monday as elevated crude oil rates amid inflation concerns dampened investors sentiment.
European shares ticked lower on Monday as European automakers came under pressure following threats of a U.S. tariff hike, while investors awaited signs of progress in reopening the Strait of Hormuz.
Capri Global Capital is targeting ₹55,000 crore in assets under management by FY28. The non-banking financial company is focusing on growth through gold loans and co-lending arrangements. This strategy aims to boost fee income while maintaining profitability. The company plans significant expansion in its gold loan branch network over the next three years.
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