From a technical perspective, momentum indicators continue to signal a negative trend, as the Nifty  remains below its short- and medium-term moving averages

In Kerala, the price of gold jewellery rose by Rs 320, reaching a record high of Rs 58,720

Momentum indicators continue to reflect a negative trend as the Nifty  remains below its short- and medium-term moving averages

The outlook for this year's GDP growth isn’t promising either, causing concern among companies like Nestlé, Tata Consumer, Parle, and Britannia regarding declining urban FMCG sales

Adani Group’s Ambuja Cement announced its plan to acquire a 46% stake in Orient Cement from its promoters and through placements

Some speculate that a Kamala Harris presidency could increase the deficit, potentially raising interest rates and pushing up the dollar, which might lead to gold price increase

On the technical front, momentum indicators continue to suggest a bearish outlook, with the Nifty trading below its short- and medium-term moving averages

Comments from the finance minister and Chinese central bank governor have stirred the metals market, while crude oil prices have declined due to reduced demand

However, the formation of a white candle on the daily chart, along with a close above  the previous session’s level, indicates a slight positive bias

Shares of Manappuram General Finance dropped by 15.5 percent this morning after the Reserve Bank banned its subsidiary, Asirvad Micro Finance, from issuing loans