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The sell-off in the stock market was also on account of weak global cues as higher US retail inflation dampened hopes of early rate cuts by the Federal Reserve and rise in the US 10 year yield
Indian shares were set to open higher on Monday, looking to build on their record highs as the corporate earnings season approaches, although easing expectations of a U.S. rate cut in June could...
Dr Joseph Thomas from Emkay Wealth Management discusses Indian economy growth and corporate profitability. He analyzes market trends, including small & midcap valuation, and crude oil demand-supply factors affecting market dynamics. Dr Thomas further says: "The market yields are rising day by day and in this context, it is important to note that the rise in the indexes in the last three months has been quite rapid."
In the international market, spot gold was up 0.2 per cent at $2,283.76 per ounce in morning trade after touching an all-time high of $2,288.09 earlier in the session.
NEW DELHI — Gold price in India hit a record high Rs 69, 640 per 10 grams on MCX on Wednesday tracking a sharp increase in international prices of the