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The February gold futures were trading at Rs 63,164 per 10 grams on the MCX at 10.15 am and were up by Rs 210 or 0.33% from the previous day's closing price. Meanwhile, the March Silver futures were trading at Rs 75,640 per kg and were higher by Rs 254 or 0.34% around this time. On Comex, the gold futures were trading at $2,075.3 per troy ounce up $6.2 or 0.30% while the Silver futures were trading at $24.66 per troy ounce, up by $0.095 or 0.39%. «We have noticed that the dollar index is trading at 5-month low levels which gives support to the Bullion as a safe haven,» said Anuj Gupta, Head of Commodities & Currency at HDFC Securities. The Dollar Index is trading at 5-month low levels after the Federal Reserve kept interest rates steady for and signalled deeper cuts for next year as inflation is expected to cool faster than initially anticipated.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “this week, we will see a consolidation because as it gets closer to Christmas, fund managers go on holidays and so there will be less activity but also the remaining profit booking that needs to be done, would be done. I would say that till the new year, I would expect this to consolidate but in January, I expect further inflows to come in from FIIs and take the index to new highs.” The markets are in a holiday mood right now. What has been your observation so far? It has been a very good run. The macro cues are also pretty positive. How much is already getting into the price now? Sunil Subramaniam: I would say that it is not fully into the price and the reason I say that is because this is the period when you have hedge funds booking profits, those who entered six months, a year, year-and-a-half ago, the Indian market has been one of those where they have made the best returns. As you know, hedge fund managers need to book profits before the year end in order to be able to receive their bonuses, so at this time we have suddenly got this flood of good news for India.

recession, particularly in the United States, the world's largest economy. However, against the odds, most major economies, with the exception of a few in Europe, successfully steered clear of a recession in the face of a global economic slowdown. As the world looks ahead to 2024, a measured sense of optimism permeates discussions about the upcoming year.

grown by an above-trend 3%—about the same as in boomy 2005. Adding to the impression of befuddlement, most analysts were caught out on December 13th by a doveish turn by the Federal Reserve, which sent them scrambling to rewrite their outlooks for the new year. It is not just forecasters who have had a bad year.

rupee appreciated 3 paise to 83.13 against the US dollar in early trade on Tuesday, tracking positive cues from domestic equity markets and a weak American currency against major overseas rivals. However, forex traders said the Indian currency remained under pressure due to selling of equities from foreign institutional investors amid volatility in crude prices. At the interbank foreign exchange, the domestic currency opened at 83.17 and touched the highest level of 83.10 against the greenback.

The bankrupt crypto exchange FTX and its debtors have reached a settlement agreement with founder Samuel Bankman-Fried and others to address certain claims related to the acquisition of the stock trading platform Embed.

left Vatry airport near Paris at 2:30 PM local time, reaching Mumbai after 4 AM. The flight was originally en route to Nicaragua from Dubai. French authorities interrupted it for a technical stopover after an anonymous tip, AFP reported.

Catch Live Market Updates here Analysts expect the market to remain range bound with stock specific action this week ahead of the year end. However, the underlying tone of the market remains positive on rising bets on the US Federal Reserve to cut interest rates early next. The Indian stock market indices ended higher on Friday tracking positive cues from global peers.

Catch Live Market Updates here On Friday, the domestic equity indices ended higher tracking positive cues from global peers. The Sensex surged 241.86 points to close at 71,106.96, while the Nifty 50 settled 94.35 points, or 0.44%, higher at 21,349.40. On a weekly basis, Nifty 50 closed 0.5% lower after making a large high-low candle.

Oil prices were little changed on Tuesday as investors focused on geopolitical tensions in the Middle East and optimism the U.S. Federal Reserve would soon start cutting interest rates, lifting global economic growth and fuel demand. Brent crude futures fell 26 cents, or 0.3%, to $79.13 a barrel by 0115 GMT while U.S.

stocks traded tentatively on Tuesday, while the dollar lurked near a five-month low as cooling U.S. inflation bolstered bets the Federal Reserve would cut interest rates soon. Investors were still digesting data released on Friday that showed U.S. prices fell in November for the first time in more than 3-1/2 years, underscoring the economy's durability.

Asset managers turned bullish on the yen from bearish for the first time since May on the growing view that the Bank of Japan will probably end its ultra-easy policy in 2024 while its major peers cut interest rates. The latest Commodity Futures Trading Commission data for the week through Dec.

Benjamin Netanyahu vowed to keep up the fight against Hamas militants, but a United Nations humanitarian team leader said Palestinian civilians in Gaza who honor Israeli evacuation orders cannot be guaranteed they will be safe. Netanyahu, who visited Israeli troops in northern Gaza on Monday, told lawmakers from his Likud Party that the war was far from over and dismissed what he cast as media speculation his government might call a halt to the fighting.

Rubrik Inc is eyeing acquisitions as it expands India business cashing in on the large-scale data and digital growth story amid rising number of cyber attacks. “We are very active in both organic and inorganic developments… Having a large presence in India gives us an unfair advantage, not only (on) the scale of talent, but also the ability to acquire and absorb companies here in India… We are looking at great ideas and products around cybersecurity, AI (artificial intelligence) and data security,” Bipul Sinha, chairman, cofounder and CEO of Rubrik, told ET.

Wipro has filed a complaint against a former senior executive for violation of a non-compete clause in his employment contract by joining Wipro’s direct competitor Cognizant before August this year. In its complaint, Wipro said Mohd Haque, who quit in June this year, had agreed to certain restrictions on his post-employment activities, including prohibition of work for a small set of Wipro competitors including Cognizant, for 12 months after his employment ended. Upon Haque’s promotion to the role of Wipro’s senior vice president (SVP) and localisation as a US employee, he was eligible to receive more than $1 million in equity awards over many years, said the complaint filed in a US court.

passengers, mainly Indian, and previously grounded in France due to suspected human trafficking, touched down in Mumbai during the early hours of Tuesday. According to officials, the aircraft completed its journey, departing from Vatry airport near Paris at approximately 2:30 pm local time and arriving in Mumbai shortly after 4 am. Based on information from French authorities, the aircraft carried 276 passengers when it departed for Mumbai. Twenty-five individuals, including two minors, had indicated their intention to seek asylum and remained on French territory. Two additional individuals were apprehended and subsequently brought before a judge.

RIL Reliance Industries Ltd (RIL) and Walt Disney Co signed a non-binding term sheet in London last week to move ahead with plans to create India’s largest media and entertainment business, ET reported. Aurobindo Pharma The US FDA conducted a pre-approval inspection (PAI) at a new injectable facility of Eugia US Manufacturing LLC (a step-down wholly owned subsidiary of Aurobindo Pharma). The inspection closed with 10 observations. Vedanta Vedanta arm Bharat Aluminium Co (BALCO) received Rs 84 crore GST demand from Bilaspur authorities for FY17-18 on account of various interpretational issues. Infosys A global company terminated the MOU for a $1.5 billion deal with Infosys.

opera — fully staged opera — at home has become easier. Recent productions from top European houses have begun to appear for rental and purchase on Amazon Prime Video. So, on an impulse, you can take in these works — and keep them, too. (There are other opera-focused streaming platforms, but those rarely allow for purchases.) The productions include rarely staged gems, and feature some of the boldest directors and greatest vocal talents today.

Elekta, the Swedish medtech company that makes radiation therapy equipment for treating cancers and neurological disorders, is betting big on India. The company sees an acceleration of demand for linear accelerator (LINAC) machines led by expansion of cancer care to tier-2 and tier-3 cities and towns in both the private and public sector. LINACs are machines that use high-energy radiation to pinpoint and destroy cancer cells.

technology company Amagi Media Labs, which was last valued at $1.4 billion, is hoping to become profitable in the first half of 2024, the company's cofounder said. «We are just about a couple of months away from becoming profitable. We hope to become profitable in the first half of 2024,» Amagi Media Labs cofounder & CEO Baskar Subramanian told ET. Amagi's growth rate has tapered as its revenue base has broadened, with annual recurring revenue (ARR) topping $100 million amidst global movement among broadcasters to shift from hardware to cloud-based distribution. «We've been growing almost 100% a year over the last 3-4 years.