Tue, Feb 13, 2024 1:41 PM
India narrows difference in MSCI EM index weightage to come closer to China
A Flip by Shubhangi Gupta
Gold prices traded marginally lower on Wednesday as investors keenly awaited the outcome of a tightly contested U.S. presidential race. As of 10 am, December gold futures were trading at Rs 78,434 per 10 gms on the MCX, down by Rs 73, or 0.09%, from the previous session's closing price. Meanwhile, December silver futures were priced at Rs 93,490 per kg, down Rs 1,158, or 1.22%, at the same time.
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India’s services activity improved to 58.5 in October from a 10-month low of 57.7 in September, data released on November 6 showed. HSBC India Services Business Activity Index dipped below 60 for the first time in nine months but stayed above the long-run average. A reading above 50 denotes expansion. Manufacturing activity also improved from its its lowest in months of 56.5 to 57.5 in October.
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Stock Market Today: PB Fintech, the parent company of Policy Bazaar and Paisa Bazaar, witnessed a 3.4% rise in its share price to ₹1,696 apiece in early morning trade on Wednesday, November 6. This boost came after the company announced its fourth consecutive quarterly profit on Tuesday, driven by strong growth in its new health and life insurance business.
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