: Latest #StockMarketNEWS by #MunafaSutra Daily Updates Central banks may be forced to sell gold; India at risk

@StockMarketNEWS Fri 15 May, 2020

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

Central banks may be forced to sell gold; India at risk: Chris Wood
According to reports, official gold reserves in india totaled 653 tonnes at the end of march 2020, while those in saudi totaled 323 tonnes.

Gold at all-time high of Rs 46,879 on fear of a second Covid-19 wave
If 3% gst is considered, price is just rs 1,715 away from rs 50,000 per 10 gram; silver hits rs 45,035 a kg, up rs 2,050 from yesterday

Hikal freezes at 5% upper circuit on development of Favipiravir API
Favipiravir is in various stages of clinical trials in many countries as an experimental treatment of covid-19.


PVR, Inox Leisure hit 52-wk lows on report of lockdown extension in Mumbai
Media reports suggest ott platform amazon prime video has acquired seven bollywood & regional films, including amitabh bachchan-ayushmann khurrana starrer 'gulabo sitabo' for direct-to-digital premier


India Cements jumps 8% as Damani family increases stake to 20% in Q4
Gopikishan damani and radhakishan damani's combined stake in india cements increased to 19.89% in march 2020 quarter from 4.73% in the previous quarter


Escorts rallies 5% on strong operational performance in Q4
The management said the good harvest, increased procurement by respective governments and their focussed support to farming & prediction of good monsoon
will enable quick revival across farm ecosystem


Alembic Pharma hits new high, surges 45% in 4 weeks on strong Q4 results
In the past four weeks, alembic pharma outperformed the market by surging 41 per cent as compared to sensex's 1.1 per cent gain

Manappuram Finance jumps 7% in a weak market on strong Q4 result
The company's total income grew 38.7 per cent to rs 1618.15 crore during the quarter as against rs 1166.51 crore during same quarter a year ago

Oil prices rise on dip in US crude stockpiles and IEA data forecast
Crude prices have ticked up in the last two weeks as some countries relaxed coronavirus restrictions to allow factories and shops to reopen

Biocon shares slump over 4% as profit declines 42% in March quarter
The company's revenue, however, saw a muted growth of 6 per cent as compared to q4 of fy19



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