Morning Alert..
*Growing strong: 60% gold reserves held domestically, shows RBI data*
Gold reserves held domestically have increased to 60 per cent of the total holding as of September 30 as against 50 per cent at the end of March, the latest data released by the Reserve Bank of India (RBI) shows. The RBI’s “Half Yearly Report on Management of Foreign Exchange Reserves” says gold held domestically rose more than 100 tonnes between April and September to 510.46 metric tonnes against 408 metric tonnes at the end of March. As of September 30, the RBI held 854.73 tonnes of gold against 822.10 tonnes at the end of the previous financial year. Of this, 324.01 tonnes was kept in custody with the Bank of England and the Bank for International Settlements (BIS), and 20.26 tonnes was held as gold deposits. In the last five years, RBI gold reserves increased from 618 tonnes to 854 tonnes. In value terms, the proportion of gold in foreign-exchange reserves rose from 8.15 per cent in March this year to approximately 9.32 per cent in September, the report said.
* Global market action*
Dow Jones – Up by 0.13% or 53.86 points
FTSE – Down by 0.80% or 66.01 points
CAC – Down by 0.61% or 45.83 points
DAX – Down by 0.27% or 53.55 points
Gift Nifty – Down by 0.05% or 12.00 points
*FII/DII activities*
FII – Sold 548.69Cr worth of shares
DII – Bought 730.13Cr worth of shares.
*Stocks with high delivery percentage*
Mahindra Lifespace Developers Ltd – 89.3%
Happiest Minds Technologies Ltd – 84%
Supreme Industries Ltd – 81%
Fortis Healthcare Ltd – 80.5%
TOB Tek Ltd – 79.5%
*Primary market activities*
Listing today
Godavari Biorefineries Ltd (Main board) – Subscribed 1.87x
*Commodities updates*
Gold – Rs 79268/10gm, Silver – Rs 98763/kg, Brcrude – Rs 5674/barrel, Copper – Rs 800.50/kg.
*Corporate News*
TCS signs 15-year deal with Irish govt to manage pensions of 800K workers.
Adani Enterprises Q2FY25 results: Profit zooms 664% to Rs 1,742 cr.
Jio Financial Services launches SmartGold for digital gold purchase.
*Growing strong: 60% gold reserves held domestically, shows RBI data*
Gold reserves held domestically have increased to 60 per cent of the total holding as of September 30 as against 50 per cent at the end of March, the latest data released by the Reserve Bank of India (RBI) shows. The RBI’s “Half Yearly Report on Management of Foreign Exchange Reserves” says gold held domestically rose more than 100 tonnes between April and September to 510.46 metric tonnes against 408 metric tonnes at the end of March. As of September 30, the RBI held 854.73 tonnes of gold against 822.10 tonnes at the end of the previous financial year. Of this, 324.01 tonnes was kept in custody with the Bank of England and the Bank for International Settlements (BIS), and 20.26 tonnes was held as gold deposits. In the last five years, RBI gold reserves increased from 618 tonnes to 854 tonnes. In value terms, the proportion of gold in foreign-exchange reserves rose from 8.15 per cent in March this year to approximately 9.32 per cent in September, the report said.
* Global market action*
Dow Jones – Up by 0.13% or 53.86 points
FTSE – Down by 0.80% or 66.01 points
CAC – Down by 0.61% or 45.83 points
DAX – Down by 0.27% or 53.55 points
Gift Nifty – Down by 0.05% or 12.00 points
*FII/DII activities*
FII – Sold 548.69Cr worth of shares
DII – Bought 730.13Cr worth of shares.
*Stocks with high delivery percentage*
Mahindra Lifespace Developers Ltd – 89.3%
Happiest Minds Technologies Ltd – 84%
Supreme Industries Ltd – 81%
Fortis Healthcare Ltd – 80.5%
TOB Tek Ltd – 79.5%
*Primary market activities*
Listing today
Godavari Biorefineries Ltd (Main board) – Subscribed 1.87x
*Commodities updates*
Gold – Rs 79268/10gm, Silver – Rs 98763/kg, Brcrude – Rs 5674/barrel, Copper – Rs 800.50/kg.
*Corporate News*
TCS signs 15-year deal with Irish govt to manage pensions of 800K workers.
Adani Enterprises Q2FY25 results: Profit zooms 664% to Rs 1,742 cr.
Jio Financial Services launches SmartGold for digital gold purchase.