Gold Price: 15-Year Drop in Gold, Silver Also Falls, How Much Cheaper Will It Get? Gold prices have experienced a significant decline, marking the largest drop in over 15 years. Silver has also seen a sharp fall, with its decline surpassing that of gold in the past week. The market has witnessed a notable drop in gold prices, with the metal losing nearly 10% in value over the last seven days. Analysts are closely monitoring the trend to determine how much further the prices might fall. The drop in gold and silver has raised questions about the factors influencing the market, including economic uncertainties and shifting investor sentiment. While the exact extent of the decline remains under scrutiny, the recent movements highlight the volatility in precious metal markets. Investors are now speculating on potential future trends, with many anticipating further fluctuations in the coming weeks.#gold_price #market_volatility #silver_price #precious_metals #investor_sentiment
Bajaj Finance Shares Lose Post-Budget Gains, Extend March Losses to 10% Shares of Bajaj Finance Ltd. have reversed earlier gains made after the budget announcement, extending their losses for March to 10%. The stock fell 4% on Wednesday, March 11, marking its eighth consecutive losing session in the past 11 trading days. It is among the top losers on the Nifty 50 index, with the decline raising concerns about its performance in the month. If the current trend continues, March could become the worst month for the stock since October 2024, when it also recorded similar losses. The stock had surged 20% between February 1 and February 20, reaching an intraday high of ₹1,046. However, it has since retraced to levels around ₹900, erasing all the gains from that period. The decline comes amid increased provisions for bad loans, which pressured the company’s profitability. For the December quarter, Bajaj Finance’s provisions rose by nearly ₹1,400 crore, a move the management attributed to ensuring the balance sheet remains “shock proof.” The company also adjusted its full-year growth guidance, projecting growth of around 22%, which is at the lower end of the previously expected 22% to 23% range. Technical indicators suggest the stock is facing bearish momentum. It has slipped below key moving averages, and the Relative Strength Index (RSI) stands at 31, nearing “oversold” levels. An RSI reading below 30 typically signals that a stock is oversold, indicating potential for a rebound. However, the current decline has raised concerns among investors. Analysts have mixed views on the stock. Out of 38 analysts covering Bajaj Finance, 24 have issued “buy” ratings, six have “sell” ratings, and eight have “hold” ratings.#nifty_50 #market_volatility #bajaj_finance #ambit #financial_sector
Stock market volatility hits one-year high, possibly marking bitcoin bottom #market_volatility #Stock_market #one-year_high #possibly_marking #bitcoin_bottom
ICICI Bank Share Price Live Updates: ICICI Bank's quarterly returns indicate a minor setback ICICI Bank's stock price has experienced a slight decline today, with the share price currently at Rs 1367.00, reflecting a 0.87% drop. This follows a weekly decline of 2.89%, indicating a broader downward trend in recent trading. The bank's performance over the past three months shows a return of -0.71%, signaling a minor setback in its financial trajectory. The stock is currently trading below its second support level (S2), with the price at Rs 1355.00 compared to the S2 level of Rs 1411.43. Analysts note that the bank's six-month beta of 1.3978 suggests higher volatility than the broader market, reflecting increased sensitivity to market fluctuations. In the latest trading session, the bank recorded a volume of 15,096,898 shares, slightly below the average weekly volume of 16,337,301 shares. Despite this, the stock has managed a monthly return of 0.82% over the past month, maintaining its position in the financial markets. The bank's recent quarterly returns highlight a modest decline, with the stock's 7-day exponential moving average at Rs 1386.56. While the overall performance remains stable, the downward pressure on the share price suggests cautious investor sentiment. The market is closely watching for signs of recovery, particularly as the bank navigates challenges in its financial outlook.#financial_markets #stock_price #icici_bank #share_price #market_volatility
