After losing the first game that he should have closed, Sharath beat a much younger yet experienced Liam Pitchford of England 11-13, 11-7, 11-2, 11-6, 11-8 at the NEC arena.
The yellow metal had closed at Rs 52,393 per 10 gram in the previous trade.
Spot gold was down 0.1% at $1,772.27 per ounce, as of 0303 GMT, after dropping 1% in the previous session. U.S. gold futures eased 0.1% to $1,790.
Tapan Patel, Senior Analyst (Commodities), HDFC Securities expects gold prices to trade sideways to down for the day with COMEX Spot gold support at $1,760 and resistance at $1,786 per ounce. MCX Gold October support lies at Rs. 51,500 and resistance at Rs. 52,100 per 10 grams, he said.
While the equity portion in the aggressive hybrid funds helps to deliver better risk-adjusted return during equity market rallies, the debt portion helps to contain the losses in downturns. This eventually helps them to deliver balanced and better returns over the long term
If after a few quarters of a fund manager’s exit, there is a deterioration in the fund’s relative performance or major changes in the funds style/strategy, then it is better to consider exiting.
Selling a PMS scheme takes more time than selling your equity mutual fund. But more importantly, make sure you’ve understood why exactly your PMS strategy has underperformed because strategies are highly unique to fund managers, instead of benchmark indices.
Succession-planning by smaller distribution and advisory practices are nudging them to come together to ensure continuity for clients. Larger firms are only too happy to welcome them, with an eye on increasing revenues.
Paul produced his best effort of 17.03m in his third attempt while Aboobacker was not behind much as he finished at 17.02m, which he managed in his fifth attempt.
On July 6, the PGCIL board had approved the proposal to raise Rs 6,000 crore in 2023-24, for financing of capital expenditure requirement, providing inter-corporate loans to wholly-owned subsidiaries and other purposes.
SBI Q1 result: Net profit at Rs 6,068 crore misses the Street estimates by a wide margin. Other income at Rs 2,312.2 crore is sharply lower from Rs 11,802.7 crore in the year-ago period
The dollar index was up 1.1%, making gold more expensive for overseas buyers, while U.S. Treasury yields extended their rise after the data.
The markets seemed to have mostly priced in the hike. Has RBI’s stance changed to `neutral’ already?
You should avoid taking any extreme view on your fixed income portfolio. If the yields on long duration bonds move up, then there will be marked to market losses on these bonds as well as on debt fund schemes investing in them.
The yellow metal had closed at Rs 52,079 per 10 grams in the previous trade.
"Today's trend in precious metals may remain down ahead of Britain's monetary policy. Gold has resistance at Rs 51750 while support at Rs 51200. Silver has resistance at Rs 58000 and support at Rs 56800," said Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart.
Spot gold held its ground at $1,767.39 per ounce, as of 0239 GMT. U.S. gold futures rose 0.4% to $1,783.90.
Earlier, there was no uniformity in performance disclosures by PMS providers. SEBI’s new regulations laid down the performance calculation method as well as the disclosure standards to be followed.
Canara Robeco AMC has launched the Canara Robeco Banking & PSU Debt Fund – a category that has disappointed over the past year. Fund managers like Avnish Jain say things are going to turn around for the category pretty soon.
Fintech platforms distributing bonds are not regulated. This means there are no standardised disclosures or settlement or redressal systems.
According to Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart, the day trend in the precious metals looks like an upside. Gold has resistance at Rs 52000 and support at Rs 51300. Silver has support at Rs 57400 and resistance at Rs 59400.
Spot gold was up 0.4% at $1,766.59 per ounce, as of 0309 GMT. On Tuesday, bullion rose to a near one-month high of $1,787.79 before closing down 0.6% on the day.
This platform is a solid option for investors who intend to hold bonds until maturity.