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Rama Steel Tubes was the top gainer in the smallcap pack with nearly 60% return, followed by Refex Industries (32.3%), Kitex Garments (27%), and 63 Moons Technologies (26%).
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China's central bank has paused its gold purchases for the fourth consecutive month in August, with holdings remaining at 72.8 million fine troy ounces. Despite this, the value of these reserves increased to $182.98 billion due to rising gold prices driven by geopolitical and economic uncertainties.
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Uncertainty over the U.S. economy's health is affecting markets, with investors concerned about Federal Reserve policy shifts, a tight U.S. election, and high valuations. Recent jobs data suggests a slowing labor market, raising fears of economic pressure from elevated borrowing costs. The S&P 500 dropped 1.7% on Friday, highlighting market volatility.
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News and Media
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