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The index trades above the 50-day SMA, with expanding Bollinger bands signaling bullishness. Options data shows strong call and ITM put writing at 24,800, reinforcing a bullish outlook, said Praveen Dwarakanath.
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News and Media
Nithin Kamath highlighted the lack of an advisory ecosystem in India, particularly RIAs and MFDs, as a major hurdle for the mutual fund industry's growth. He emphasized the importance of MFDs in reaching smaller cities and towns. Despite the growth in SIP investments, the industry needs a stronger advisory network for further expansion.
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News and Media
However, recent dollar strength, rising to 106-107 from 104 levels, has pulled gold prices down to around $2,670. Factors like Middle East conflicts, Syria tensions, and discussions of 100% U.S. tariffs on BRICS countries continue to influence the price trends. Gold is now stabilizing between $2,600-$2,700 per ounce, while silver trades around $30-$32.
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News and Media
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