HDFC Securities

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Pidilite Industries and Delhivery

The primary trend of the stock is bullish as it trades above its 50, 100 and 200 day-EMA

The stock price of Indraprastha Gas (IGL) has been taking support at 200 day EMA since January 2023

Gold price in the national capital declined Rs 153 to Rs 55,650 per 10 grams on Friday amid a fall in precious metal prices globally, according to HDFC Securities. The yellow metal had ended at Rs 55,803 per 10 grams in the previous trade. Silver also fell Rs 7 to Rs 68,700 per kilogram. "Gold price fall was extended after stronger than expected US job market data allowed US Fed to continue with higher interest rate," said an analyst at HDFC Securities. In the overseas market, gold was quoting lower at USD 1,839.6 per ounce while silver was flat at USD 23.46 per ounce. The US job market data pushed US dollar to a fresh one-month high. Rising interest rates and higher dollar index tend to weigh on yellow metals, the analyst added.

Both shed 0.6% but end in green for second straight week; Broader markets play catch-up

The rupee closed at 81.43 per US dollar on Wednesday as against 81.72 per dollar on Tuesday

The latest data marks the first time since May that the RBI's reserves have risen for two consecutive weeks

The rupee settled at 82.44 per dollar on Friday versus 82.89 on Thursday

Oil importers' dollar purchases, breach of technical levels drag rupee lower

The stock price of M&M has broken out on the daily chart where it closed at highest level since 22-Sept 2022

At 3:30 pm IST on Thursday, the US dollar index was at 110.09 as against 112.02 at the same time on Tuesday

Putin's call for partial mobilisation hits risk appetite in currency market

Gold price in the national capital tumbled Rs 813 to Rs 49,447 per 10 grams on Friday, according to HDFC Securities. The price of the yellow metal fell below Rs 50,000 after it stood at Rs 50,290 per grams on Thursday. The COMEX spot price of gold also declined to USD 1,655 per ounce compared to USD 1,663 per ounce on Thursday. Silver price in the national capital declined Rs 1,379 to Rs 55,982 per kilogram. On Thursday, the price was Rs 57,361 per kg. On Friday, the COMEX spot price of silver was USD 18.84 per ounce as against USD 19.16 per ounce on Thursday. "Spot gold prices for 24-carat gold at Delhi fell by Rs 813 per 10 gram with plunge in COMEX gold prices despite of rupee depreciation," Tapan Patel, Senior Analyst (Commodities) at HDFC Securities, said. The rupee declined by 7 paise to close at 79.78 against the US dollar on Friday.

Rupee logs first weekly gain in four, outperforms all EM currencies

Footwear manufacturer trails peers on 3-year growth parameter

Gold prices declined by Rs 289 to Rs 51,877 per 10 grams in the national capital on Tuesday, according to HDFC Securities

Slowdown in construction activity, high inventory levels and cost spike key negatives

The rupee settled at 79.99 per dollar on Wednesday - a fresh closing low for the Indian unit versus the greenback

Rupee which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday

Analysts at the brokerage expect the company to deliver a 17 per cent dollar revenue growth annually between FY22-24