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capital on Wednesday mainly driven by festive and wedding season demand, according to the All India Sarafa Association. Gold prices jumped by Rs 500 to an all-time high of Rs 81,500 per 10 grams while silver surged Rs 1,000 to Rs 1.02 lakh per kg. Gold prices of 99.9 per cent and 99.5 per cent purity rose by Rs 500 each to Rs 81,500 per 10 grams and Rs 81,100 per 10 grams, respectively.

BRICS Summit, Prime Minister Narendra Modi underscored the importance of a united front against terrorism and terror financing. “In order to counter terrorism and terror financing, we need the single-minded, firm support of all. There is no place for double standards on this serious matter,” he said. Modi called for coordinated action to prevent youth radicalization, warning that failing to act could worsen the threat. He further emphasized the need to move forward on the «long pending matter in the UN of the Comprehensive Convention on International Terrorism.» Modi’s comments come against the backdrop of ongoing tensions within BRICS member countries. China's earlier move to block the designation of Pakistan-based terrorist Sajid Mir, involved in the 26/11 Mumbai attacks, as a global terrorist by the UN Security Council, highlighted ongoing differences. Nevertheless, Modi reiterated the need for collaboration, particularly on counter-terrorism measures, without selective approaches.

The underlying trend of Nifty remains weak. Having placed around the crucial support as per weekly charts, one may expect chances of an upside bounce from here or from the lows. A sustainable close only above 24,650-24,700 levels could confirm the upside bounce. However, a slide below 24,350 is likely to drag Nifty down to 24K mark in the near term, said Nagaraj Shetti of HDFC Securities.

Isha Ambani, are celebrating their birthday today. A video showing Isha and Akash, along with Shloka Mehta, enjoying a night ride in their Rolls Royce on the streets of Mumbai is making rounds on social media. The viral clip shows the duo and Akash’s wife, Shloka Mehta, riding in a top-down Rolls-Royce. The video was shared by an Instagram page Soch! India with a brief caption, which read, "Ambani twins Isha and Akash take luxury to the next level with a joy ride in a stunning top-down Rolls! Just a casual day of living the dream." (sic). The video showed Akash driving the Rolls Royce, with Isha sitting beside him. Akash's wife Shloka Mehta entrepreneur and philanthropist, is seen sitting at the back. All three smile for a brief moment as they look at the camera. The video opens with a text that reads, “Nothing like a joy ride in a top-down Rolls for Ambani twins. Isha and Akash living their best life on the open road.”

food inflation is expected to ease by Q4 of this fiscal (FY25) on better kharif arrivals and rising prospects of a good rabi season, highlighted the Reserve Bank of India's latest report. The RBI-led rate setting panel, Monetary Policy Committee, in the minutes of October meet, has highlighted that the sowing of key kharif crops are higher than last year and the long-period average. «Sufficient buffer stocks for cereals are available for ensuring food security. Adequate reservoir levels, the likelihood of a good winter and favorable soil moisture conditions augur well for the ensuing rabi season, though adverse weather events remain a risk,» it added.

The Panama Canal Authority is reaching out to communities that could be impacted if the Indio River is dammed to make a new reservoir ensuring the water supply needed to operate the Panama Canal

Israel's national security council on Wednesday called on Israelis to immediately leave some tourist areas in southern Sri Lanka over the threat of a possible terrorist attack. The agency said the warning pertained to the area of Arugam Bay and beaches in the south and west of Sri Lanka, and stemmed from «current information about a terrorist threat focused on tourist areas and beaches». The security council did not specify the exact nature of the threat and called on Israelis in the rest of Sri Lanka to be cautious and refrain from holding large gatherings in public areas.

Groww Mutual Fund has filed a draft document with Sebi for Nifty 500 Momentum 50 ETF Fund, an open‐ended scheme tracking the Nifty 500 Momentum 50 Index – TRI. The investment objective of the scheme will be to generate long-term capital growth by investing in securities of the Nifty 500 Momentum 50 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty 500 Momentum 50 Index, subject to tracking errors. Also Read | 8 smallcap MFs multiplied SIP investments by over 2.25x in 5 years

risk management is one of the most important factors that will allow investors or traders to maintain longevity in markets. «In the 20+ years in this business, I haven’t seen anyone who has kept profits from trading without good risk management. I know many who've lost quickly. If you don't have a plan to manage risk and size your bets, it's impossible to keep the money you make,» Kamath said.

Subscribe to enjoy similar stories. When I started my career in 2011-12, silver was trading at ₹65,000 per kg. Traders in Mumbai's Zaveri Bazaar were optimistic about it touching ₹100,000.

Subscribe to enjoy similar stories. NEW DELHI : India is taking significant steps towards financial inclusion and regulatory simplification, with the Securities and Exchange Board of India (Sebi) proposing a key reform for non-corporate entities. In a consultation paper released on 16 October 2024, the market regulator proposed allowing Associations of Persons (AoPs) to open demat accounts in their names for holding non-equity securities.

Shriram Finance Ltd. traded at Rs 3224.5 on BSE at 01:44PM (IST) on Wednesday, down 0.79 per cent from previous close. The scrip quoted a 52-week low price of Rs 1760.9 and a high of Rs 3652.15.

Subscribe to enjoy similar stories. It is bad enough to contemplate a war in Asia. It is grimmer still to think through a nuclear one.

Subscribe to enjoy similar stories. The explosion of volumes in the Indian derivatives’ market—daily swaps, in particular—and the widespread participation of retail investors has generated deep concern among regulators and policymakers. As Warren Buffett famously said, “Derivatives are financial weapons of mass destruction." A consultation paper published by the Securities and Exchange Board of India (Sebi) noted that in 2023-24, an average 85 out of 100 individuals trading in index futures lost money.

Siemens Ltd. slipped 2.51 per cent to Rs 7053.8 in Wednesday's trade. It hit a high of Rs 7263.5 and low of Rs 7053.8 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 6171.89, while the 50-DMA was at Rs 7101.35. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

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«So, when two of these bigger indices are showing some kind of support, I feel that this 24,300, 24,400 zone positionally for Nifty should act as an important support,» says Sudeep Shah, SBI Securities. Well, the screen is looking much better than what was the case yesterday. Is the poison out of the system? Have we formed a bottom? Sudeep Shah: I cannot really say that the poison is out of the system or we have formed a bottom because it is the first day after last three-four days where we have seen absolute carnage in terms of midcaps and even selected largecaps. However, what is encouraging to see today is that yesterday and in the last few days we have seen banking, especially ICICI Bank, HDFC Bank stabilising somewhat and on the other hand, even the IT stocks are showing some positive traction.

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Hindustan Zinc surged 4% to Rs 535 in Wednesday's trade on the BSE after silver prices reached the Rs 1 lakh per kg mark in Delhi-NCR’s bullion markets on Tuesday. Hindustan Zinc is India's largest producer of silver and refined silver. Meanwhile, on Tuesday, December silver contracts on the MCX hit a new lifetime high of Rs 99,475, gaining Rs 2,019, or over 2%. March 2025 futures were trading at Rs 1,01,688, up Rs 1,847, or 1.85%.