Since gold doesn't pay interest, it usually gains when interest rates decline since storing bullion has less opportunity cost.
Though data released tonight indicated that consumer prices unexpectedly increased in November, recent indicators pointed to a soft landing.
IIP growth in October nearly doubled over the previous month at 11.74%, partially helped by a negative growth base.
The IPO aims to raise Rs 1,200 crore, comprising a fresh issue of shares worth Rs 800 crore and an offer-for-sale (OFS) of Rs 400 crore by existing shareholders.
The offer floor price has been fixed at Rs 1,109 per share, with a certain discount.
Due to the pessimistic forecast, oil prices are expected to drop this week, carrying on the seven-week pattern of falls.
Asian markets are trading in a mixed trajectory ahead of Fed data to be released.
Here are some of the stocks that may see significant price movement today.
CPI inflation for November bounced by 68 bps to 5.55% as food prices are back to haunt the inflation basket.
The IPO scheduled to open for subscription on December 13th and close on December 15th.
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