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Share Market Tips For Beginners in India | Investment Guide For Beginner| Sharetipsinfo

2. November 2021 Sandeep Stock Market Research (0)

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Well, we are not giving you stock advice tips, but, some smart share market tips, especially for beginners who have lesser understanding of the stock markets in India. Here are seven stock market ideas that you could implement.

Share Market Tips For Beginners in India

1) Never make a purchase based on rumors.

If you're new to investing, the last thing you want to do is buy on the basis of rumors. If you rely completely on them, you'll almost certainly lose money. Rumours can sometimes suggest that insider knowledge about a firm has been leaked, which can lead to insider trading.

2) Consult an expert

If you're new to investing, the greatest advice you can get is from a professional. If you're not sure about your adviser, it's advisable to question a few other individuals.

3) Put money into mutual funds.

If you don't have much experience, the greatest thing you can do is invest in mutual funds. Before investing, mutual funds receive money from investors and make educated selections. The majority of the fund managers have a thorough technical and fundamental understanding of stocks.

Also Read:- How to invest in share market for beginner

4) Concentrate on large-cap stocks.

If you wish to invest on your own, the best option is to stick to the BSE and NSE's large cap equities. This would normally comprise the Sensex's 30 equities and the Nifty's 50 stocks. These stocks have a very low possibility of almost crashing, and they tend to provide high long-term returns.

5) Invest time in mastering the market's finer points.

Spend time learning about the fundamentals of equities, such as EPS, P/E, and Book Value. This will aid you in understanding how stocks are valued in the future.

6) Stay away from trading and free market advice.

There are a number of firms that provide guaranteed tips for a certain fee. These suggestions should not be followed. You might lose money most of the time, and the firms who provide these advice do not guarantee any returns.

7) Make long-term investments. If you're unsure what to buy, stick to high-quality brands that you'll keep for a long time. It's nearly guaranteed that you'll make money in three to five years. Conclusion There is no one-size-fits-all formula for making money in stocks. Buying top quality brands and keeping them for a period of 3-5 years are two things that might help you out. There is a strong probability of success.

Sameer Wankhede wore Rs 70,000 shirt: Nawab Malik

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The NCP spokesperson also hit out at former chief minister Devendra Fadnavis, rubbishing the claim that he has links with the underworld.

Intensifying his attack on Sameer Wankhede, Maharashtra minister Nawab Malik on Tuesday accused Narcotics Control Bureau zonal director of extorting crores and using uber expensive clothes beyond the reach of an honest and an upright officer.

The NCP spokesperson also hit out at former chief minister Devendra Fadnavis, rubbishing the claim that he has links with the underworld.

If that was the case, why was no probe initiated against me when you (Fadnavis) were the CM, he added.If that was the case, why was no probe initiated against me when you (Fadnavis) were the CM, he added.

Malik questioned Fadnavis for not acting against him despite being the chief minister of the state for five years.

After Malik sought to link Fadnavis and his banker-singer wife Amruta with an alleged drug peddler, the BJP leader on Monday said he would expose his underworld links after Diwali.

Also Read:- What is the key purpose to invest in the stocks?

On Wankhede, Malik claimed the officer wore a trouser worth a lakh, a shirt costing over Rs 70,000 and watches worth Rs 25-50 lakh.

How can an honest and upright officer claim to afford such expensive clothes, he said.How can an honest and upright officer claim to afford such expensive clothes, he said.

He (Wankhede) extorted crores by wrongly framing people, Malik said, adding the NCB official had a private army to do the job. Malik claimed that Wankhede implicated people in fake cases.

Malik also claimed that since the last 15 days, there are three containers with drugs lying at the JNPT. He questioned why no action has been taken by the Department of Revenue Intelligence on this.

Article Source:- Moneycontrol

Share Market Closing Note | Nifty ends Above, Sensex Gains - Sharetipsinfo

1. November 2021 Sandeep Stock Market Research (0)

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Nifty ends above 17,900, Sensex gains 831 pts; metal, IT, realty stocks gain.

Benchmark indices ended higher with Nifty closing above 17900 supported by the rally in the metal, IT, realty stocks. At close, the Sensex was up 831.53 points or 1.40% at 60,138.46, and the Nifty was up 258 points or 1.46% at 17,929.70. About 2099 shares have advanced, 1129 shares declined, and 186 shares are unchanged. IndusInd Bank, Hindalco Industries, HCL Technologies, Bharti Airtel and Grasim Industries were among the major Nifty gainers. Losers included UPL, Bajaj Finserv, M&M and Nestle India. All the sectoral indices ended in the green with metal, IT and realty indices up 2-3. BSE midcap and smallcap indices rose over 1 percent each.

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Topic :- Time:3 15 PM

Just In:

HDFC Q2 profit jumps 32% to Rs 3,780.5 crore.

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Topic :- Time:3.00 PM

Nifty is showing good recovery. Nifty spot if manages to close above 17960 level then more pull back is expected in the market in coming sessions and if it closes below above mentioned level then some sluggish movement is likely to be witnessed. Avoid open positions for tomorrow.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6280.If it manages to trade and sustain above 6305 level then expect some upmove and if it breaks and trade below 6260 level then some decline can be seen in the market.

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Topic :- Time:1.00 PM

Nifty is gaining momentum now. Nifty spot if manages to trade and sustain above 17800 level then expect some quick upmove in the market and if it breaks and trade below 17780 level then some decline can follow in the Nifty.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 744.If it holds below 746.50 level then expect it to decline towards 740 level quite soon and above 746.50 level it is likely to show some upmove.

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Topic :- Time:12.15 PM

Policybazaar IPO sees 19% subscription on bidding debut:

The public issue of PB Fintech, which owns Policybazaar and Paisabazaar platforms, has seen a subscription of 19 percent on November 1, the first day of bidding, as it received bids for 64.80 lakh equity shares against an offer size of 3.45 crore equity shares, as per exchange data.

Retail investors have put in bids for 56 percent shares against the reserved portion.

A part set aside for non-institutional investors was subscribed 1 percent and that of qualified institutional buyers saw 16 percent subscription.

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Topic :- Time:12.00 PM

Nifty spot is trading at 17768.If it manages to trade and sustain above 17800 level then expect some upmove and if it breaks and trade below 17740 level then some decline can be seen in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex up 100 pts; Bajaj Finserv falls 3.5%, RIL 1%; VIX climbs 3%

2. LIC shareholding in listed companies drops to lowest in over a decade

3. Chinas Oct factory activity expands more quickly, but output weighs: PMI

4. Coronavirus LIVE: 12,514 Covid-19 cases, 251 deaths recorded in last 24 hrs

5. Zydus Cadila testing a multi-variant Covid-19 vaccine on animals

6. Thematic, flexicaSAIL surges 13% on best-ever quarterly profit of Rs 4,304 crore in Q2

7. Bandhan Bank dips 7% on disappointing September quarter results

8. Telecom stocks in focus; Bharti Airtel, Vodafone Idea gain upto 7%

9. Centre invites applications for Sebi chair post to succeed Ajay Tyagi

10. Thematic, flexicap assets shrink over rise in volatility, shows data

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Topic :- Time:11.00 AM

After gap up opening nifty is now trading flat. Nifty spot if manages to trade and sustain above 17760 level then expect some further upmove in the market and if it breaks and trade below 17720 level then some decline can follow. Currently Nifty is trading at 17744 spot level.

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Topic :- Results Today

Results today*

HDFC, Tata Motors, IRCTC, Aditya Birla Capital, Allcargo Logistics, Bajaj Consumer Care, Bayer Cropscience, Carborundum Universal, Chambal Fertilisers, Devyani International, Dollar Industries, Graphite India, Gravita India, IG Petrochemicals, Indian Railway Finance Corporation, Lux Industries, Nilkamal, Parag Milk Foods, The Phoenix Mills, Privi Speciality Chemicals, Punjab & Sind Bank, Relaxo Footwears, Shipping Corporation of India, SPARC, VIP Clothing, Whirlpool and Windlas Biotech

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 01 Nov,2021:

Nifty is likely to show bounce back now anytime. Global cues to act as trend decider. Metal and automobile sectors stocks are likely to remain in focus.

Nifty spot if manages to trade and sustain above 17700 level then expect some quick recovery in the market and if it breaks and trade below 17620 level then some decline can follow in the Nifty.

Please note this is just opening view and should not be considered as the view for the whole day.

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COP26 | Will climate finance be the deal breaker?

1. November 2021 Sandeep Stock Market Research (0)

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Research has shown the most effective way to address Climate Change is to take investment dollars away from companies that harm our planet, and redirecting them to companies that actively promote adaptation and disaster risk reduction

Climate finance is one of the four goals of the United Kingdom’s COP26 presidency, and is a key determinant of success for COP26 in Glasgow this week. Unfortunately, despite the last minute commitments from a few developed countries, the United States, Germany and Canada, the total pledges are currently $10 billion short of the target $100 billion by 2020.
The UN Climate Change Secretariat released a roadmap on October 25, Climate Action Pathway For Finance which shows that developed countries will be able to meet the $100 billion goal no earlier than 2023.
Unless, more countries step up in next few days, and increase their contributions drastically, like they need to decrease their emissions for Net-Zero goal, COP26 will have done nothing to avert the climate crisis.
Under the 2009 Copenhagen Accord (COP15) developed countries with high greenhouse gas emissions, committed to jointly mobilise $100 billion a year by 2020 for climate action in developing countries. The $100bn commitments were reiterated at COP16 in Cancun in 2010, and at COP21 in Paris in 2015, where it was agreed to extend the commitment to provide $100 billion beyond 2020 through 2025.
It is important to keep in mind that the $100-billion pledge is minuscule compared to trillions of dollars urgently required each year by developing and climate-vulnerable countries to constantly adapt with the incessant climate impacts and also to meet the 2015 Paris agreement goal of restricting global warming to ‘well below’ 2°C, if not 1.5 °C, above pre-industrial temperatures.
On October 25, the UN Climate Change Secretariat presented a blueprint, Climate Action Pathway For Finance, that demonstrates developed nations will be able to reach the $100 billion objective by 2023.
Unless, in the next days, other nations step forward and significantly boost their payments, as they must reduce their emissi
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Climate finance from both public and private sources is provided through loans, guarantees, export credits, bilateral funding, and funding from donor governments via multilateral bodies. These bodies can be funds such as the Green Climate Fund, created specifically for the purpose, or more general ones, for example the Asian Development Fund or the World Bank. Most climate finance to date has been provided for mitigation rather than adaption.
The lack of an agreed clear definition of ‘climate finance’ has caused difficulties in assessing progress toward the $100 billion goal, but even then it is increasingly clear that the existing target has been missed. In 2019, the most recent year for which data is available, around $79.6 billion was raised in climate finance.
Almost three-quarters (71 percent) of climate finance provided by developed countries has come in the form of loans paid through multilateral development banks (MDBs), according to the OECD, which found that finance paid as direct grants from donor countries made up just 27 percent of the total.
Around $24 billion — the equivalent of half the loans provided — were not concessional loans with below-market rates, according to Oxfam. It calculated that the ‘grant equivalent’ — the true value of the loans once repayments and interest were deducted — was less than half of the amount reported.
Oxfam estimates, based on the current pledges and plans, that wealthy governments will reach only $93-95 billion per year by 2025, leaving climate-vulnerable countries out of pocket a total of $68-75 billion between 2020 and 2025.
At COP26, negotiations will also begin on a new finance regime through to 2025, when a new finance goal is mandated to come into effect by the Paris Agreement. The V20 group of climate-vulnerable countries has called for a floor of $500 billion over a five-year period, implying a higher sum in the final years to balance prior shortfalls, and annually average more than $100billion.
These demands are based on real-time impacts, and in absences of ambitious emission cuts to avert runaway Climate Change, finance to cope with the worst of its impact is being seen as the deal-breaker by developing countries. For developed world the challenge is that the pandemic and its economic effects have put an emphasis on spending in areas such as public health, making the mid-to-long-term prospects of climate finance uncertain.
The solution may be as simple as ensuring that private finance is spent on projects that address the problems of Climate Change; unfortunately there aren’t enough incentives for investing in sustainability. Research has shown the most effective way to address Climate Change is to take investment dollars away from companies that harm our planet, for e.g. taking away $5.9 trillion from the subsidies to fossil fuels, and redirecting them to companies that actively promote adaptation and disaster risk reduction. Unfortunately, the Paris Agreement does little to encourage such redirection of funds.
Article Source:- Moneycontrol

Domestic steel demand and consumption increasing: Union minister Ram Chandra Prasad Singh

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Union Steel Minister Ram Chandra Prasad Singh said the domestic demand for steel is "very good" and its consumption is also increasing in the country.

Singh was speaking at a press meet on the sidelines of the inauguration of the second Vertical Shaft, Chikla Mine and various other facilities of the Manganese Ore India Limited (MOIL) based in Nagpur.

Replying to a query on the situation of domestic steel demand in India, Singh said, "The domestic steel demand is very good and the country is at number two in the world. However, our per capita consumption is little less. Our per capita consumption is around 74 kg and 14 to 15 kg in rural area."

He said that the requirement and consumption of steel is increasing in the country with the kind of infrastructure development work going on in the country.

To a query on the conflict between tribals and mining industry, Singh said that locals’ interests have to be taken care of when negotiations take place.

When mining is done or industry is set up, the locals also get employment and overall development is carried out of that region, he added.

"We have to provide better alternatives to them and take their suggestions to create a win-win situation for both," he said.

Article Source:- Moneycontrol

New data show Fed's inflation debate still unresolved

30. October 2021 Sandeep Stock Market Research (0)

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New data released on Friday showed the personal consumption expenditures price index rising in September at a 4.4 percent annual rate versus 4.2 percent in August, continuing a run of inflation at levels not seen in 30 years

Federal Reserve Chair Jerome Powell (Image Source: Reuters)

New data released on Friday showed the personal consumption expenditures price index rising in September at a 4.4 percent annual rate versus 4.2 percent in August, continuing a run of inflation at levels not seen in 30 years

The inflation debate is going to shift to wages very, very quickly," Lazar said, and whether increases in productivity and an increase in the number of people looking for work help ease rising compensation costs or temper their potential impact on prices.

The U.S. central bank meets next week to update its views about monetary policy, as officials balance their hope to support the economy with low interest rates for as long as possible against concerns inflation may be moving too fast.

Here's how the inflation story has evolved:

Higher prices ahead

Fed officials knew early this year that inflation would rise as the global economy rebounded from the pandemic. But where some economists felt record levels of federal spending would produce persistent price increases, most Fed officials expected a fleeting episode driven at first by simple math - the "base effects" of a weak economy returning to normal - along with some inevitable bumps in the reopening.

At their March 16-17 policy meeting, Fed officials marked up their inflation outlook for 2021. Powell, speaking in a news conference after the release of the policy statement and economic projections, said those "relatively modest increases in inflation ... will turn out to be a one-time sort of bulge ... There was a time when inflation went up, it would stay up. And that time is not now."

By September, however, inflation was running at twice the Fed's 2 percent target, and officials' projections moved higher.

Powell's own language shifted. "As the reopening continues, bottlenecks, hiring difficulties, and other constraints could again prove to be greater and longer lasting than anticipated, posing upside risks to inflation," he told reporters after the end of the central bank's Sept. 21-22 policy meeting.

Some policymakers have pinpointed the end of the year as the moment when inflation needs to ease, or they'll worry they got it wrong.

Powell and many others still think that will happen, but on a longer timetable than first anticipated, with September data showing little evidence of the expected slowdown.

Broad-based increases?

"The spike in inflation is so far largely the product of a relatively narrow group of goods and services that have been directly affected by the pandemic and the reopening of the economy," Powell said in his August remarks.

He cited the fact that alternate inflation measures which toss out the strongest price influences remained moderate. But those measures have moved higher since he spoke, reflecting broader price increases.

Waning influence of outliers

Policymakers, Powell said, are also "directly monitoring the prices of particular goods and services most affected by the pandemic and the reopening, and are beginning to see a moderation in some cases."

Powell cited the well-known example of used autos. Used vehicle prices rose at a record pace over the summer, and that has in fact eased. But he also mentioned that price hikes for durable goods in general should moderate, and by some measures that has not yet happened. Inflation for durable goods rose 7.3 percent in September on an annual basis, versus 7 percent in August.

Wages

"Today we see little evidence of wage increases that might threaten excessive inflation," Powell said in August. "We will continue to monitor this carefully."

The costs of compensation jumped 1.3 percent for the three months ending in September, the largest increase since 2001, leaving the Fed to assess whether the adjustment of labor supply and demand is near its end, or only beginning. Compensation costs for the hard-hit food and accommodations industry rose more than 7 percent on an annual basis.

Expectations

"Longer-term inflation expectations have moved much less than actual inflation or near-term expectations, suggesting that households, businesses, and market participants also believe that current high inflation readings are likely to prove transitory," Powell said. An argument can be made that the Fed is paying more attention to expectations than inflation itself, though measurement of them is less certain. They have been drifting higher, and if that continues it would be of particular concern.

'Global disinflationary factors'

Perhaps the most faith-based aspect of Powell's August speech was his reference to the global influence of technology, demographics, and smooth world supply chains in anchoring prices.

"While the underlying global disinflationary factors are likely to evolve over time, there is little reason to think that they have suddenly reversed or abated," Powell said. "It seems more likely that they will continue to weigh on inflation as the pandemic passes into history." The truth of that will depend on developments far outside the Fed's control, from the global flow of capital to China, for example, as the rule of Chinese leader Xi Jinping evolves, to the impact of climate change mitigation efforts that are still in their infancy.

Article Source:- Moneycontrol

Share Market Closing Note Sensex, Nifty end on a positive note

29. October 2021 Sandeep Stock Market Research (0)

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Nifty ends below 17,700, Sensex falls 677 pts; IT drags, PSU banks gain:

Benchmark indices ended on weak note for the third consecutive session on October 29 with Nifty closing below 17,700 level.

Share Market Closing Note

At close, the Sensex was down 677.77 points or 1.13% at 59,306.93, and the Nifty was down 185.60 points or 1.04% at 17,671.70. About 1326 shares have advanced, 1836 shares declined, and 157 shares are unchanged.

Tech Mahindra, NTPC, Kotak Mahindra Bank, IndusInd Bank and L&T were among the major Nifty losers. Gainers included UltraTech Cement, Maruti Suzuki, Cipla, Dr Reddys Laboratories and Shree Cements.

Among sectors, bank, IT energy, power and oil & gas indices ended in the red, while buying was seen in the realty, pharma, metal and auto names. The BSE midcap and smallcap indices ended with marginal change.

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Topic :- Time:3.00 PM

Nifty spot if manages to close above 17680 level then expect some quick bounce back in the market in coming sessions and if it closes below above mentioned level then some sluggish movement is likely to follow. Avoid open positions for Monday.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6219.If it breaks and trade below 6200 level then expect some decline in it and it it manages to trade and sustain above 6235 level then some upmove can be seen in CRUDEOIL.

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Topic :- Time:1.10 PM

Railways withdraws decision on IRCTC convenience fee, stock recovers:

IRCTC on Thursday said it has been asked to share 50% of its revenue earned as convenience fee from bookings on its website

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Topic :- Time:1.00 PM

Nifty is still trading in a very small range. Nifty spot if manages to trade and sustain above 17840 level then expect some upmove in it and if it breaks and trade below 17800 level then some decline can be seen. As nifty is range bound avoid big trades and trades and trade with proper levels

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Topic :- Time:12.45 PM

Just In:

PM Narendra Modi arrives in Italy for G20 Summit.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 746.If it breaks and trade below 744 level then expect some decline in it and if it manages to trade and sustain above 747.20 level then some upmove can be seen in it.

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Topic :- Time:12.00 PM

Nifty spot is trading at 17806.If it manages to trade and sustain above 17820 level then expect some upmove in the market and if it breaks and trade below 17780 level then some decline can follow in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex, Nifty volatile; Nykaa IPO subscribed nearly 2x so far

2. CarTrade slips 7%, stock at new low on second straight quarterly loss

3. Railway ministry asks IRCTC to share 50% of revenue from convenience fee

4. IndiGo Q2 results: Loss widens 20% to Rs 1,435 cr on rising crude oil

5. Fuel prices raised for 3rd straight day, petrol touches Rs 108.64 in Delhi

6. Reliance Jio pays Rs 10,792-crore spectrum dues to DoT

7. RBL Bank tanks 15% on disappointing Q2 nos, stock down 37% from 52-wk high

8. Sebis investor charter to be notified next month, wont be legally binding

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Also Read:- What is the key purpose to invest in the stocks?

Topic :- Time:11.00 AM

After negative opening nifty is now trading flat. Nifty spot if manages to trade and sustain above 17880 level then expect some further upmove and if it breaks and trade below 17840 level then some decline can see in it.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 29 Oct,2021:

Yesterday there was huge sell off in the market, changing sentiments from positive to negative. Avoid following rumours and trade as per market trend.

Nifty spot if manages to trade and sustain above 17880 level then expect some quick recovery in the market and if it breaks and trade below 17800 level then some decline can follow in the Nifty.

Please note this is just opening view and should not be considered as the view for the whole day.

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Mark Zuckerberg clarifies why Facebook is rebranding as Meta

29. October 2021 Sandeep Stock Market Research (0)

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Mark Zuckerberg predicts that Metaverse will not going to be “huge” until the second half of this decade at earliest as the median median age of the people who use the company’s products gets older.

Facebook has now officially changed its identity to Meta. [Image: Facebook/Mark Zuckerberg]

Facebook has now officially changed its identity to Meta reflecting the company’s broader ambitions related to metaverse, dubbed as the next big computing platform.

According to Mark Zuckerberg, Facebook is perceived as only a social media company but has now become more than that. He believes that while others are trying to work on how people interact with technology, the company, now called Meta, is striving to build technologies so that people can interact with each other.

According to Zuckerberg, while many would question the timing of the metaverse conversation amid the recent controversy, he said that he believes in “what we are building and technology can make life better”.

A trove of internal documents leaked by a Facebook whistleblower Frances Haugen detailed the social giant's various missteps and struggle in moderating content, especially in multilingual countries like India, its biggest market with over 340 million users.

The idea of metaverse is to make it more immersive where, instead of communicating through the mobile apps, people can feel each other’s presence.

This would mean digital avatars, one each for different occasions, creating your own space, making it easy to teleport from one platform to another, and also building security and safety features built into the platform. One can get into the metaverse through virtual reality platforms, AR glasses, computer or even phone. The company already has its own virtual reality platform, Horizon, an online gaming tool.

Here are more details on ambitions of Meta

Speaking on the reason behind the rebrand, Zuckerberg told The Verge in an interview that after acquisition of apps including Instagram and Whatsapp, there was “a lot of confusion and awkwardness about having the company brand be also the brand of one of the social media apps.”

“That’s a concern that I think people shouldn’t have to have. People had concerns that, “If I sign into Instagram with this or if I sign into WhatsApp with it, does that mean that my data is somehow gonna get shared over here in a way that I didn’t want?” he added.

Also Read:- What is the key purpose to invest in the stocks?

Zuckerberg said that while there's financial reporting and segment reporting but the company isn’t making organisation changes yet. “That might be something that I’ll consider in the future, but I don’t think that’s something that’s near term on the horizon,” he said.

Zuckerberg said that he sees himself as the CEO of the company in the next five years and has no plans to step down. “And I’m pretty young. I have a lot of energy. But certainly at some point I’m not [going to be] running the company,” he told the publication.

Zuckerberg said that the timing of the rebranding effort has nothing to do with the recent leaks that has left the company’s reputation surrounded by bad press. It had “nothing to bear on this. Even though I think some people might want to make that connection, I think that’s sort of a ridiculous thing. If anything, I think that this is not the environment that you would want to introduce a new brand in.”

Zuckerberg predicts that Metaverse will not be “huge” until the second half of this decade at earliest as the median median age of the people who use the company’s products gets older. He said that the target demographic will be young adults from 18 to 29 years of age.

Asked about whether Metaverse will support NFTs, smart contracts and cryptocurrencies, Zuckerberg told The Verge that the company is supportive of it.

“One of the big questions that people are going to have about virtual goods in the metaverse is, “Do I really get to own this thing? Or is it just content that someone can basically just take away from me in the future?” And I’m pretty sensitive to that, given all the pressures that we’ve had to try to navigate around censorship and what’s the definition of something that’s harmful versus when you have to get in the way of people being able to express something,” he said adding that it becomes a lot more sensitive when there’s money and ownership involved.

Article Source:- Moneycontrol

India's gold demand bouncing back to pre-COVID levels, rises 47% in September quarter to 139 tonnes: WGC

28. October 2021 Sandeep Stock Market Research (0)

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India’s gold demand has seen a 47 per cent year-on-year jump in the July-September quarter to 139.1 tonnes, following strong rebound in economic activity and recovering consumer demand, the World Gold Council said in a report.

According to the World Gold Council (WGC), gold demand in India is bouncing back to pre-COVID levels and going forward the outlook looks bullish.

The country’s overall demand stood at 94.6 tonnes during the September quarter of 2020, the WGC’s Q3 Gold Demand Trends 2021 report said, adding that in terms of value, India’s third quarter gold demand went up by 37 per cent to Rs 59,330 crore, compared to Rs 43,160 crore a year ago.

"This reflects a combination of low base effect and return of positive trade and consumer sentiments. This is primarily driven by what appears to be a firm grip on the pandemic with higher vaccination rates and falling infection rates, leading to a strong rebound in economic activity,” WGC Regional CEO, India, Somasundaram PR told PTI.

Going forward, imports might not be very significant in the fourth quarter as little bit of stocking up for the festive season has already taken place during the third quarter of 2021, he stated.

"Looking ahead with restrictions being gradually lifted across the country, retail demand is bouncing back to pre-COVID levels. With the upcoming festive and wedding season, there is all the more enthusiasm towards gold demand, and we anticipate it to be the busiest gold-buying season since the start of COVID,” said Somasundaram.

He further said that demand for digital gold has also increased manifold, innovative tech initiatives, tie-ups with digital gold and UPI platforms by leading jewellers has brought about a substantial increase in volume of buyers and investors preferring online purchases.

"In the months ahead, soaring commodity prices and logistical costs are expected to impose further pressures and the RBI has already adjusted its inflation expectations higher. Rising inflation tends to drive gold demand.

"Gold is perceived as a strong hedge against inflation and decades of data supports this assumption. While we have not made any forecast for the rest of the year, barring any unexpected twist in tale, we could see a sharp spike in demand in the last quarter of 2021, and is likely to be one of the best quarters in a decade,” he added.

As per the report, total jewellery demand in India for the quarter under review increased by 58 per cent to 96.2 tonnes, compared to 60.8 tonnes during the July-September quarter of 2020.

While in value, jewellery demand grew by 48 per cent at Rs 41,030 crore, as against Rs 27,750 crore a year ago.

Total Investment demand for the third quarter increased by 27 per cent to 42.9 tonnes, from 33.8 tonnes in the same quarter of 2020.

In value terms, gold Investment demand in July-September went up 19 per cent to Rs 18,300 crore, from Rs 15,410 crore a year ago, according to the report.

Meanwhile, the total gold recycled in India declined by 50 per cent to 20.7 tonnes in the period under review, compared to 41.5 tonnes in the same period of last year.

Total net bullion imports, without taxes, in the third quarter surged by 187 per cent to 255.6 tonnes, from 89 tonnes in the same quarter of 2020.

"While gold jewellery and investment demand for bars and coins also grew in a quarter that tends to be seasonally subdued due to monsoons and inauspicious periods like Pitru-Paksha when buyers stay away from buying gold. Softer gold prices have also generated significant consumer interest ahead of seasonal demand,” Somasundaram said.

Gold prices during the third quarter averaged at Rs 42,635 per 10 grams, compared to Rs 45,640 in the same quarter of 2020 and Rs 43,076 during the April-June 2021, he noted.

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Trade activity witnessed during various buyer-seller meets and anecdotal feedback from manufacturers indicate that the fourth quarter festive season could be the best in several years, with strong imports much ahead of the third quarter demand demand, he noted.

He said a 50 per cent drop in gold recycling also underlines strong consumer intent to hold gold rather than sell it, aided by a robust institutional market for loan against gold that continues to grow.

Article Source:- Moneycontrol

Nirmala Sitharaman will attend the G-20 joint meeting of finance and health ministers in Rome.

28. October 2021 Sandeep Stock Market Research (0)

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Union Finance Minister Smt. @nsitharaman embarks on an official visit to attend #G20 Joint Finance & Health Ministers meeting in #Rome to discuss measures to strengthen #COVID19 #PandemicPrevention, #preparedness & #response. The meeting precedes #G20RomeSummit, the Finance Ministry tweeted.

On October 29, Finance Minister Nirmala Sitharaman will attend the G-20 combined Finance and Health Ministers conference in Rome, which will focus on COVID pandemic prevention and response, among other topics.

Smt. @nsitharaman, Union Finance Minister, will travel to #Rome for a #G20 Joint Finance & Health Ministers meeting to discuss steps to boost #COVID19 #PandemicPrevention, #preparedness, and #reaction. The meeting comes before the #G20RomeSummit, according to the Finance Ministry.

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Finance and health ministers will meet to explore ways to maintain momentum in the pandemic response and improve collaboration between the two ministries.

On October 29, the G20 Finance Ministers met.

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