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Gold and silver prices extended their slide for a third consecutive session, with commodity-based ETFs experiencing significant drops of up to 20%. This decline followed record highs as investors booked profits and unwound positions, triggering broad market selling. The BSE imposed a 20% circuit limit on gold and silver ETFs to curb volatility.
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Indian data centre stocks rallied as the Union Budget announced a tax holiday until 2047 for foreign cloud service providers, aiming to position India as a global hub. Companies like Anant Raj, Techno Electric, and Netweb Technologies are expected to benefit from increased data centre development and infrastructure demand.
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Gold and silver have maintained their value in a volatile 2026, prompting investor interest. However, experts advise limiting precious metal exposure to 10-15% to avoid deviating from core asset allocation, even amidst talk of a commodity supercycle. Earnings are tepid, with banks performing adequately, while most sectors are expected to miss high market expectations.
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In the Nifty500 pack, the closing prices of 29 stocks fell below their 200-day moving averages on February 01, according to StockEdge.com's technical scan data. Of these, we have highlighted 13 stocks that slipped more than 4%. Trading below the 200 DMA is considered a negative signal because it indicates that the stock's price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
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News and Media
Global markets experienced a downturn on Monday. Stocks and precious metals saw significant losses. The Japanese yen weakened considerably. This sentiment follows a volatile week and precedes crucial central bank decisions and economic reports. Investors are adjusting expectations amid these developments.
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News and Media