Fri, Feb 2, 2024 4:33 PM
Nifty to hit 23,400 by June, buy on dips in pre-election rally!
A Flip by Avya Verma
Honasa Consumer, the parent company that runs several skincare brands, has hit a rough patch. Its flagship label, Mamaearth, is growing slower than expectations, the company’s co-founder and CEO Varun Alagh told Moneycontrol. Nursing the brand back to health is his number one priority as it alone brings in 65 percent of the company’s revenue.
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Gold prices experienced a slight dip on Friday (November 15), with the precious metal headed for its worst week in over three years. Spot gold was trading at $2,562.61 per ounce, down 0.1%, and had fallen more than 4% throughout the week. The precious metal had previously hit a two-month low, marking a decline of over $220 from its record high last month.
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Crude oil prices fell slightly on Friday due to concerns about oversupply and weaker demand, which were magnified by a stronger US dollar. These concerns about oversupply and reduced demand overshadowed the impact of a drop in U.S. fuel stocks, contributing to the decline in oil prices. Brent crude futures dropped by 30 cents, or 0.41%, to $72.26 per barrel.
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