TC Mathew

Gold is trading at $2,641 per ounce in the global market, while in Kerala, gold jewellery prices rose by ₹320 per sovereign to ₹57,040.  

The real estate sector was the biggest gainer, while consumer durables, healthcare, auto, IT, metals, media, and pharma stocks also saw good gains.

Cochin Shipyard surged 5% to Rs 1,656 after securing a Rs 1,200 crore contract for the maintenance of INS Vikramaditya.

Growth expectations for 2024-25 have been revised down to around 6%, from earlier projections above 7%, which may impact corporate earnings, leading to lower stock valuations

Sales in the automobile sector during the festive period were not much better than before, and the market, which closed with a minor change yesterday, still shows no signs of a strong rally.

The Union Cabinet's decision to cancel the bank guarantee for spectrum purchased before 2022 boosted Vodafone Idea’s shares by 18%, with Airtel, Jio, and Indus Towers also gaining.

The ongoing troubles of the Adani Group, highlighted by Total freezing new investments, suggest continued risks, advising investors to proceed cautiously in these volatile times.

Cochin Shipyard shares surged by 8% after securing a contract from an American company to build rigs for JAY, which boosted investor confidence.

Optimism grows as foreign investors have notably reduced their short positions in the derivatives market, suggesting a positive market outlook.

The gold price reached $2,689 per ounce in the morning before slightly dipping to $2,685, where in Kerala, the price of gold jewelry increased by Rs 640 per gram to Rs 57,800