: Latest #StockMarketNEWS by #MunafaSutra Daily Updates India's gold demand slumps to 11-year low of 102 tonnes in March quarter

@StockMarketNEWS Thu 30 Apr, 2020

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra Daily Updates

India's gold demand slumps to 11-year low of 102 tonnes in March quarter
Investment demand, though lower by 17%, was relatively better as sentiments towards equities turned negative and investors turned to gold's liquidity and
safe haven status

RBI extends benefits under special liquidity facility for MFs to all banks
Decision taken based on requests received from banks; exposures under this facility will not be reckoned under large exposure framework or for determining
priority sector targets

UPL shares gain 11% on biz update, expectation of net debt reduction
The company said it expects its net debt to be at approx. $ 2.9 billion as of march 31, 2020 as compared to .2 billion as on december 31, 2019

India's jewellery demand dips 41% to 11-year low in March quarter: WGC
Global holdings of physically-backed gold etfs and similar products jumped by 298 tonnes during the march quarter - the highest quarterly inflows for four
years

Hindustan Unilever trades lower for third straight day ahead of Q4 results
In q4fy20, hul's stock outperformed the market by rallying 20 per cent, against nearly 29 per cent decline in the sensex

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