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Gold and silver prices opened lower due to profit booking and market volatility, even as expectations of December Fed rate cuts and a weaker dollar provided support. Gold February futures on MCX fell 0.41% to 1,27,248 per 10 grams, while silver March futures dropped 0.36% to 1,64,349 per kg.
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The Indian rupee experienced a slight dip, trading at 89.24 against the US dollar on Thursday due to increased importer demand. However, foreign capital inflows into the stock market and a fall in crude oil prices provided some support. Domestic equity markets saw a positive start, with both Sensex and Nifty registering gains in early trade.
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Sterling and Wilson Renewable Energy shares saw a significant jump on Thursday. The company announced it secured a major international project in South Africa. This new contract is for a 240 MW AC Solar PV project valued at approximately $147 million. This win strengthens the company's position in the growing South African solar market.
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The incident occurred when the train, which was testing seismic equipment, struck the workers, who had entered the track at a curved section inside the Luoyang Town Railway Station in the city of Kunming.
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Axis Mutual Fund's Jayesh Sundar outlines a calibrated contrarian roadmap for 2026, identifying IT, FMCG, and select export plays as key opportunities. He emphasizes a comprehensive asset allocation framework, factoring in macro and micro variables, and sees potential upside as earnings visibility strengthens and global conditions stabilize.
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News and Media
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