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Indian gold prices have seen a significant jump, nearing Rs 1,26,000 per 10 grams. This rise is driven by positive global sentiment regarding the US government shutdown resolution and expectations of US Federal Reserve interest rate cuts. Strong domestic demand from the wedding and festive season further supports this upward trend.
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News and Media
NALCO shares saw a sharp uptick in two days after reporting strong Q2 results, with net profit up 37% YoY to Rs 1,430 crore. Brokerages including Axis Securities, PL Capital, and Emkay Global remain bullish, citing cost efficiency, expansion projects, and improving aluminium prices as key growth drivers.
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News and Media
Market expert Ambareesh Baliga sees strong growth in India's beauty and personal care sector, with Nykaa's profits picking up. However, he expressed caution on Trent due to potential pressure on same-store sales. For power ancillary companies like Transformers and Rectifiers, Baliga advised waiting due to cash flow concerns, while a dip in Transrail Lighting might signal sector-wide issues.
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News and Media
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