Gold prices lingered near a four-week low on Wednesday, with investors turning their attention to the outcome of the U.S. Federal Reserve's policy meeting for more signals on its rate cut timeline.FUNDAMENTALS* Spot gold was little changed at $2,288.21 per ounce as of 0023 GMT. Prices fell as much as 2% to their lowest level since April 5 on Tuesday, due to an uptick in the dollar and U.S. Treasur...

By Om Mehra, technical analyst at Samco SecuritiesThe Indian market has stood strong, outpacing major global indices, as evidenced by the Nifty's 1.24 percent surge in April. In the last five years, the conventional 'Sell in May and Go Away' approach has demonstrated diminished effectiveness—in 2019, an election year, the month of May yielded a positive return of 1.49 percent.So far, the Q4 resu...

Coal India will be announcing its Q4FY24 earnings on May 2. According to consensus estimates of 11 brokerages, the PSU firm's revenue for Q4FY24 is expected to increase by 8.7 percent to Rs 38,152 crore as against Rs 35,092 crore in Q4FY23. PAT, on the other hand, is expected to increase by 27 percent to Rs 7,617 crore from Rs 5,533 crore in Q4FY23 but is expected to decline on a QoQ basis. EBITDA...

The Securities and Exchanges Board of India's directive to BSE Ltd on regulatory fees will cost the stock exchange Rs 96 crore for the FY07-23 period.Brokerage HDFC Securities, however, said the exchange can reduce the impact of higher regulatory fees by increasing transaction charges by around 25 percent and reducing clearing charges by 10 percent. These changes can reduce the impact of the SEBI'...

A multi-billion-dollar incentive scheme for semiconductor manufacturing companies could be launched after the new government takes charge, according to a report by the Times of India. The results for the ongoing Lok Sabha elections 2024 will be declared on June 4.The package will follow the Rs 76,000-crore scheme announced in December 2021 to support the manufacturing of chips in the country. Acco...