News Overview

Spot gold was up 0.2% to $1,958.20 per ounce, while U.S. gold futures were down 0.1% at $1,959.90.

With seasonal improvement expected in Alkem’s margins in Q2/Q3FY24 (aided by good monsoons) and Pen-G related margin improvement anticipated from FY25, analysts of IIFL Capital Services expect Alkem’s valuation discount vs peers to narrow.

SCM segmental profit faces a significant decline of 97 % YoY, dropping to Rs 2.23 crore in Q1FY24 from Rs 74.97 crore in the same period last year.

The local currency began trading at 81.71 a dollar, compared to the previous day's close of 81.82.

Investors with very high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in Kotak Nifty Financial Services Ex-Bank Index Fund.

Healthy performance expected from the company.

Here are some stocks that may show significant price movement today.

"Rupee Gains 17 Paise, Closes at 81.81 Against US Dollar on Forex Inflows"

Sharp sequential decline likely.

Strong show likely.