Gold prices surged to a fresh record high on Friday as data showing a rise in the U.S. unemployment rate boosted expectations that the Federal Reserve could begin cutting interest rates soon. Spot gold rose 0.7% to $2,173.49 per ounce.
Benchmark equity indices Nifty50 and Sensex ended at a fresh record high on Monday, led by financials, auto, and energy stocks. Analysts predict that Nifty50 needs the participation of private banking majors to continue its upward momentum. European shares slipped, while Nifty formed an ascending triangle pattern and showed bullish and bearish signs on different stocks. HDFC Bank, SBI, RIL, ICICI Bank, Coal India, Bajaj Auto, and Bajaj Finance were the most active stocks in value terms. No major stock hit its 52-week low. Overall, market breadth favoured bulls.
