This year, the most common advice to investors has been not to go overboard. The reason: With four days to go before June 30, all asset classes have done precious little to attract interest from retail investors.
No wonder, someone like Vishal Desai, has decided to put aside his investment plan for the moment. He has not invested a rupee in the markets, since January. “I really don’t know where to put the money,” he says.
The volatility in the prices of most asset classes in these months has made everyone cautious. The Bombay Stock Exchange Sensitive Index, or the Sensex, is moving between 15,000 and 18,000. Similarly, gold has been trading in the Rs 27,175–30,295 (Rs /10g) range and silver between Rs 51,100 and Rs 60, 820 (Rs /1kg).
No wonder, given the range of trading remaining at between 10-20 per cent for all the three asset classes, investors or experts have found it difficult to take a call.
ADX Index Sustains Upward March
The ADX General Index earlier slipped into the red territory but then jumped up into the green territory and closed the day at 3,664.99 levels on Wednesday 19th June 2013, up 5.45 points or 0.15 perc
Rakbank bags gold for AMAL TVC
Rakbank was announced the winner of the Gold Summit Creative Award (SCA) for its AMAL Launch Television campaign during the recent 2013 Summit International Award (SIA) held in the United States.
KFH capital increase subscribed amounts
Kuwait Finance House KFH Chairman Muhammad Ali Al-Khudairy said: The subscription process in the capital increase of 20% approved by the Extraordinary General Assembly on April 24th 2013 by a value