News Overview

Spot gold remained steady at $2,377.09 an ounce. The price of gold increased by 0.7% this week. Gold futures decreased by 0.2% to $2,381.20.

The price of a barrel of Brent crude oil had increased by 21 cents, or 0.3%. At $79.41 per barrel, U.S. West Texas Intermediate (WTI) oil futures increased by 18 cents, or 0.2%.

Asian markets traded lower on Friday as investors reassessed their expectations for interest rate hikes. However, Hong Kong stocks were expecting a stronger rise with positive corporate earnings results.

In April, U.S. retail sales were likewise flat and less robust than anticipated, while manufacturing output dropped short of expectations.

Retail investors showed a great deal of interest in the Go Digit General Insurance IPO, and the portion was fully booked within a few hours of its launch.

Positive sentiment in select sectors like Consumer Durables, IT, and Realty drove the gains.

Vistara has made it clear that members of the Club Vistara program will have the option to opt out of the migration process.

Revenue surged by 31% to ₹6,484.9 Crore, attributed to record order wins in 2022-23, as stated in an exchange filing on May 15.

NIIF will shortlist bidders in the next weeks, allowing them to undertake due diligence on the company before submitting binding financial proposals.

PSUs with abroad offices will be given preference for obtaining essential minerals in nations where they already have a presence.