Cement stocks have been outperforming benchmark indices in the ongoing calendar year as they have given average return of over 20 per cent during January 1- September 19. On the other hand, BSE Sensex have risen nearly 9 per cent during the period.
In today’s chart of the day we put the spotlight on a midcap stock that has performed spectacularly well. Shriram Pistons & Rings Ltd. is a Delhi-based company which manufactures and sells industrial machinery parts.
Gold likely to see worst month since 2013. Taking cue from Fed Chair Janet Yellen comments that signalled a rate hike possibility, Gold has entered a losing zone and might head for its biggest monthly decline since June 2013.
Daily Trend and Ananlysis report suggest that Gold dipped slightly on Tuesday, but held above a one-month low on a softer dollar and weak U.S. economic data that dented expectations of an immediate hike in U.S. interest rates.