Key Points
"Benchmark indices ended the first week of 2024 with minor losses, and the midcap index ended the week with gains for the second consecutive week..
The market will react to the domestic and global macroeconomic data, global bond yield, crude oil inventories, movement of the dollar index, FII and DII investment activities this week, he added...
The Indian government bond yields started the New Year with a rising bias, with the benchmark bond yield posting its biggest weekly jump in three months, amid rising supply pressure and a reversal in the downtrend witnessed in the last few weeks in US yields...
US yields rose through the week, with the 10-year US yield rising above 4%, after strong economic data led investors to pare down expectations of aggressive rate cuts from the Federal Reserve through 2024...
For MCX February gold futures, support is seen at Rs 61,950-61,400, while resistance at Rs 63,080-63,320, Guta said.. Short-term trend remains bearish for silver and it may correct to the $21.80 level in the short term, the HDFC Securities analyst said..
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