Tue, Feb 27, 2024 9:24 PM
Bulk deals: ICICI Bank increases stake in ICICI Lombard
A Flip by Avya Verma
After the euphoria-fueled rally following Trump’s victory, markets took a breather last week. Concerns about trade wars if Trump pursues protectionist policies, along with Fed officials’ caution regarding aggressive rate cuts amid inflation risks, may continue to weigh on market sentiment. Overall, policy uncertainty, both monetary and economic, could trigger wild swings in commodity markets.
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Gold prices experienced a minor decline on Sunday. The price of 24 carat gold is Rs.7582.3 per gram, a reduction of Rs.120.0. The price of 22 carat gold is Rs.6952.3 per gram, decreasing by Rs.110.0.The price change in 24 carat gold over the past week has been 4.12%, while in the last month, it has shown a decrease of 4.42%. The current price of silver stands at Rs.92600.0 per kg.
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TikTok’s parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed by Reuters. ByteDance reached out to investors in recent weeks, offering a price of $180.70 per share, the people said.
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