The Indian stock markets were closed today on account of Dr. Baba Saheb Ambedkar Jayanti.
Hence, there won’t be any updates on the Nifty 50, Sensex, Top Gainers, and Top Losers sections today.
Global markets: US markets and Asian markets rose. European markets rose (as of 6 pm IST).
News
China’s exports rose 2.5% year-on-year in March while imports rose 27.8%. The country’s trade surplus narrowed to $51.13 billion (vs $90.98 billion in Feb).
Stocks Updates
GAIL: will invest around Rs 3,294.86 crore to set up a greenfield 600 MW solar project in Uttar Pradesh. It also extended the completion timeline of Kochi-Koottanad-Bengaluru-Mangaluru pipeline (KKBMPL) project to September 2026.
Reliance: company’s subsidiary, Reliance Retail, sold a 100% stake in Reliance Projects & Property Management Services for Rs 274 crore.
LIC: board approved a 1:1 bonus share issue, pending shareholder approval.
ICICI Prudential AMC: net profit rose 10.3% year-on-year to Rs 763.42 crore in the Jan-March quarter.
Word of the Day
Forex Reserves
They are assets held by a central bank in foreign currency.
It stands for foreign exchange reserves.
These assets include foreign currency securities (like bonds, treasury bills, deposits with other banks, etc), gold, and IMF reserves.
They are used to manage exchange rates, support the currency, and handle external shocks. (for example, by selling dollars to stabilise the domestic currency).
Higher forex reserves indicate stronger financial stability and the ability to meet international obligations.
Most forex reserves are held in USD, although some countries are trying to gradually diversify.
6 Day Course
Theme: sector rotation
Day 2: Tuesday
Let’s first understand how the cycle plays out. Let’s look at the period right after a crash.
This period is marked by early recovery.
Usually, central banks lower interest rates to encourage spending. Higher spending leads to economic growth.
So, the recovery period is marked by lower interest rates.
Doubt and fear still remain so people are cautious and do not spend as readily as they used to.
The same happens on the side of companies. They are cautious of investing high amounts of money into their own future operations.
Sectors that see consumers taking loans to buy their products tend to start seeing improved business as lower interest rates encourage consumers to spend.
Featured Question
Q. “Ideally investing separately in Gold & Silver ETF MF is good or going with Gold + Silver combined in one MF is good ? Is there any difference in returns or risk or anything else?”
Gold funds invest primarily in gold. Silver funds invest primarily in silver.
Gold + silver funds invest in both.
Different gold + silver funds would invest in the two metals in different ratios.
For example: one fund might keep a ratio of 50:50 while another might maintain 60:40.
If the ratios these funds invest in are similar to what you wish to maintain for your money, then you can consider these funds.
If you want a ratio of gold to silver that is very different from the available gold + silver funds, then you have to invest your money individually in gold funds and silver funds.
Since gold and silver returns can vary from time to time, the returns investors get will depend on the ratio of gold to silver.
So yes, if the ratio you follow using a separate gold fund and silver fund is different from a gold + silver fund, the returns will also be different.
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