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Here in this blog, we will cover the 5 latest updates on stocks, bonds, currencies, commodities, and other financial instruments in India that have caught the attention of investors and traders.<br><br>For stay informed with the latest Gujarati Samachar, Subscribe now: https://newgujarati.news/
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Covering the 5 latest updates on stocks, bonds, currencies, commodities and other financial instruments
Introduction: India’s economy is one of the most dynamic and quickly expanding in the world. It has a vibrant and diverse financial market that offers a range of opportunities and challenges for investors and traders. In India, the stock market is complex to understand and is constantly changing. And keeping track of the latest updates through New Gujarati News is essential for investors and traders. From the rise & fall of stocks, currencies, and changes in government policies, various factors can impact the financial market. In this blog, we will cover the 5 latest updates on stocks, bonds, currencies, commodities, and other financial instruments in India that have caught the attention of investors and traders.
5 latest updates on stocks, bonds, currencies, commodities, and other financial instruments 1. Stocks 2. Bonds 3. Currencies 4. Commodities 5. Other financial instruments
1. Stocks The Indian stock market ended flat on Friday, May 5, 2023, amid mixed global cues and earnings season. The BSE Sensex rose 0.7% to 60,243 points and the NSE Nifty gained 0.7% to 17,743 points. Some of the top gainers were Axis Bank, ICICI Bank, HDFC Life and Titan. Some of the top losers were HDFC, HDFC Bank, Reliance Industries and Maruti Suzuki1. The market breadth was positive with 1,758 stocks advancing and 1,184 stocks declining on the BSE.
2. Bonds The Indian bond yields rose on Friday, May 5, 2023. As investors awaited the outcome of the Reserve Bank of India’s (RBI) monetary policy review on Monday, May 8, 2023. The RBI is expected to keep the repo rate unchanged at 4%. But may announce some measures to support liquidity and growth amid this crucial economic time. The yield on the 10-year government bond increased by 3 basis points to 6.02%. Bond prices and yields follow opposite trends..
3. Currencies The Indian rupee appreciated against the US dollar on Friday, May 5, 2023. As foreign institutional investors (FIIs) continued to buy Indian equities and debt. The rupee closed at 73.51 per dollar, up 0.2% from its previous close of 73.66 per dollar. The rupee also gained against other major currencies such as the euro, the pound and the yen.
4. Commodities The Indian commodity market witnessed mixed trends on Friday, May 5, 2023, as global factors influenced the prices of various commodities. Gold prices fell by 0.4% to Rs 60,800 per 10 grams and silver prices dropped by 0.6% to Rs 77,500 per kg on the MCX. This was due to a stronger dollar and higher US bond yields that reduced the appeal of precious metals as safe-haven assets. On the other hand, crude oil prices rose by 0.9% to Rs 4,860 per barrel on the MCX4. This was due to a positive demand outlook and supply constraints from OPEC+ countries.
5. Other financial instruments One of the emerging financial instruments that has gained a lot of popularity recently is mutual funds. Mutual funds are diversified investment instruments that pool investors’ money. They provide investors with ease, competent management, and diversification. And help people who want to participate in the financial market without having to research. Some of the top-performing mutual funds in India are Axis Growth Opportunities Fund — Direct Plan (G), ICICI Prudential Bluechip Fund — Direct Plan (G) and Canara Robeco Flexi Cap Fund — Direct Plan (G).
Conclusion Staying informed about the latest financial news is essential for anyone looking to invest or navigate the world of finance. From stocks to bonds, commodities and other financial instruments, there is always something new happening in the financial world. You can make wise selections regarding your assets by staying current with news and trends. So, make sure to keep an eye on the latest business news in Gujarati and stay informed with the latest Gujarati Samachar to stay ahead in the world of finance.
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