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http://https-www-businesstoday-in-markets-story-equity-vs-gold-vs-bitcoin-where-should-you-invest-amid-us-elections-led-market-volatility-452559-2024-11-05 According to Sugandha Sachdeva, Founder of SS WealthStreet, gold prices may see limited upside in the near term,...

https://www.livemint.com/market/commodities/gold-vs-equity-why-yellow-metal-outshined-nifty-50-in-ytd-despite-bull-trend-in-stock-market-explained-with-5-reasons-11727489346949.html Gold has emerged as one of the best-performing assets in 2024, witnessing a meteoric...

“The euphoric rally in gold continues, with prices soaring to new record highs of $2,625 per ounce in international markets toward the end of the week. This surge is largely driven by the start of a monetary easing cycle in the US after four years, with the Federal Reserve’s recent super-sized half-percentage-point rate cut renewing the appeal of gold. As US inflation approaches the Fed’s 2% target, the central bank has hinted at an additional 50 basis point rate cut by the end of 2024, further propelling gold’s upward momentum. Gold has been in an uptrend since Q4 2023, gaining over 27% year-to-date.”

“Gold and equities serve distinct but complementary purposes in a diversified investment portfolio. Equities allow investors to participate in the economic growth of a country. They provide the potential for high returns, which can significantly grow wealth over time. On the other hand, gold has long been revered for its role as a store of value, as it helps preserve purchasing power and provides stability and protection against losses. Together, they can create a balanced portfolio that aims for growth while managing risk. Investors can adjust the allocation of gold and equities based on market conditions, economic outlook, and personal financial goals.”

Comparing Q1 results 2024 of TCS and HCL, Sugandha Sachdeva, Founder of SS WealthStreet, said, “India’s largest IT company, TCS, has reported upbeat June quarterly results exceeding market estimates on the back of healthy execution and mega and large deals ramp up. The results are reflective of all-round execution on both margin improvement and revenue growth. The company reported net profit growth of 9% year-on-year (YoY) to ₹12,040 crore, while revenue from operations surged by 5.4% YoY, aided by growth across most verticals. The company has also declared an interim dividend of ₹10 per share. The company constantly pursues innovation and strengthens client relationships, and the deal pipeline remains strong amid growing traction in Gen AI projects. The Q1 results indicate demand recovery and an improving growth trajectory.”

https://www.zeebiz.com/markets/stocks/news-hal-share-price-target-analysts-suggest-buying-this-defence-stock-for-long-term-hindustan-aeronautics-stock-price-nse-bse-290136 HAL is yet to announce its financial results for the fourth quarter of fiscal 2024. However, as...

https://economictimes.indiatimes.com/markets/forex/rupee-ends-marginally-lower-tracking-weak-asian-currencies-us-cpi-awaited/articleshow/110083865.cms The Indian rupee closed marginally lower after a range-bound trading session on Monday, tracking a decline in most...

Sugandha Sachdeva, Founder of SS WealthStreet, a Delhi-based research firm, advised investors to exercise patience and wait for corrections in good quality stocks, as they present a favorable risk-reward ratio for medium-term investors.Sachdeva emphasized the positive underlying fundamentals and macroeconomic indicators for India, suggesting that investors stand to benefit from equities in the long run, even as we anticipate a healthy correction in domestic equities post-elections. She favors real estate, metal and IT stocks from a medium to long-term perspective.