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Investing.com — Oil prices were flat on Friday, coming under pressure from a stronger dollar after U.S. inflation grew as expected in July, while the OPEC group maintained a positive outlook for global demand. 

yellow metal was trading down on the back of a stronger dollar index (DXY) and bond yields. The DXY was trading with a positive bias at 102.59 against a basket of six top currencies. Tracking cues from their foreign peers, both gold and silver futures ended with declines in the previous session.

₹1,830.50 and quickly slipped over a per cent to ₹1,810. The stock was 0.82 per cent down at ₹1,815.55 around 9:25 am. Shares of Grasim are up 14 per cent in the last one year against a nearly 12 per cent gain in the equity benchmark Sensex.

Tata Steel with a target price of Rs 121.8. The current market price of Tata Steel is Rs 120.0 ICICI Direct recommended to keep stop loss at Rs 118.7.

Asian Paints with a target price of Rs 3196. The current market price of Asian Paints is Rs 3226.55.

Page Industries, Emkay has a buy rating on Zee Entertainment while YES Securities also recommends a buy on Happiest Minds and Oil India.We have collated a list of recommendations of top brokerage firms from ET NOW and other sources:Morgan Stanley on Page Industries: Overweight| Target Rs 44,738Morgan Stanley maintained an overweight rating on Page Industries with a target price of Rs 44,738. The company posted a Q1 FY24 beat, and margins improved sharply. Cost controls drive margin growth.

Day trading guide for today: After declaration of hawkish sounding RBI Monetary Policy Committee (MPC), Indian stock market witnessed sharp correction and finished lower on Thursday. Nifty index ended 89 points lower at 19,543 levels, BSE Sensex nosedived 307 points and closed at 65,688 mark whereas Bank Nifty index finished 338 points lower at 44,541 levels.

India are sending confusing signals — cookies are becoming more affordable, but meals are turning more expensive. While the former may be a more permanent indicator of commodity inflation, could the central bank really afford to ignore the latter as transient? The cost of a home-cooked vegetarian lunch or dinner in the world’s most-populous nation jumped by 28% in just one month, largely because of tomatoes. In New Delhi’s Azadpur, one of Asia’s biggest perishables markets, prices have shot up 17-fold since the end of May.

A union-backed inquiry into price gouging led by former competition watchdog boss Alan Fels will specifically examine Qantas and the aviation sector, ACTU secretary Sally McManus said.

Former White House economist Kevin Hassett shares what to expect ahead of the release of July's CPI on 'The Evening Edit.'

Strategic Wealth Partners investment strategist Luke Lloyd on what to expect from the July PPI and discusses 2Q earnings. 

By Ankur Banerjee

Investing.com-- Gold prices steadied at one-month lows on Friday as recent data provided somewhat mixed cues on U.S. inflation, while copper prices were nursing steep losses for the week amid growing concerns over top importer China.

SYDNEY (Reuters) — The head of Australia's central bank on Friday said policy was in the «calibration stage» as the worst was over for inflation, though some further policy tightening might be needed depending on incoming data and evolving risks.

By Brendan O'Boyle

MUMBAI: ICICI Direct expects the Nifty to touch 20,700 by Diwali and by 21,400 by March 2024. The targets imply an upside of 5.9% to 9.5% from Nifty’s Thursday closing of 19,543.

Buy or sell stocks for today: Indian stock market ended lower on Thursday after a a hawkish sounding RBI MPC meeting outcome. NSE Nifty lost 89 points and closed at 19,543 levels, BSE Sensex corrected 307 points and finished at 65,688 mark whereas Bank Nifty crashed 338 points and ended at 44,541 levels.

However, these are just two of the steps undertaken by the Insurance Regulatory and Development Authority of India (IRDAI). After years of being run in a hard-nosed, bureaucratic manner, the country’s insurance regulator is on a transformational journey under new chairman Debasish Panda. This has elated founders of insurtech startups as well as venture investors looking to bet on the space.Also read | Acko receives IRDAI nod to commence life insurance business This is not completely a bolt out of the blue.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Whenever monetary authorities wanted to influence price levels for goods and services, they resorted to the popular tool — interest rates that make money more expensive or affordable. If inflation climbs, they raise the interest rate to dampen demand, and if growth slows, they reduce the cost of funds to fuel demand. With inflation in India soaring due to high vegetable prices, the Reserve Bank of India, going by the textbook, could have raised interest rates. But it did not do so. It expects the current high prices for vegetables to be temporary. But Governor Shaktikanta Das promised to act when high prices turn out to be persistent. That means whenever the RBI moves next to put a lid on price pressure it would be an increase in the key repo rate, the rate at which it lends to banks. But there’s a slight twist that is emerging. “The recent spike in CPI inflation is expected to be short-lived going by past trends,” said Das. “In such situations, we need to remain watchful and not resort to any knee-jerk reactions. And deployment of policy instruments is not just in terms of rate and stance but there are other ways of dealing with it. We have done our bit with regard to the incremental CRR today.”

New Delhi: The union ministry of power has made changes to the technical requirements for bidding of high voltage direct current (HVDC) transmission systems through tariff based competitive bidding (TBCB) route. Through the amendment, government has raise the requisite period of experience in the infrastructure to 10 years from 5 years. The minimum individual project experience would be ₹100 crore.