Stock Market Live: Sensex, Nifty slip in red again; Tata Motors top loser, down

Krish Raveshia, CEO of Azlo Realty: The government allowing a difference of 20% between the circle rate and the agreement value is a step in the right direction. Like stamp duty, this move too is time-bound and calls for action immediately. The move is a win-win for both developers and homebuyers. It will help reduce the high inventory, reduce the cost of acquisition for homebuyers. Real estate prices in many pockets of India have remained subdued, declined in some cases, a higher difference will help address this issue.

The additional Rs 18,000 crore spending under PMAY will help funding for stuck housing projects. The move is likely to help completion of nearly 12 lakh housing units, create 78 lakh jobs. As the real estate sector is connected with many other allied sectors the move is likely to boost demand in multiple sectors mainly steel and cement, added Raveshia. 

November may finally bring India’s two-wheeler market out of the red, but post-Diwali period to be critical

After a 27 percent decline in two-wheeler registrations reported by the country’s auto dealers’ association in the month of October, November looks poised to be a month that arrests this decline. On a yearly basis, auto dealers and OEMs anticipate November will bring back some traction in the commuter segment of two-wheelers, forming about 75 percent of total two-wheeler sales – however, with an important caveat.

Because the auspicious days of Dhanteras and Diwali, on which the bulk of deliveries during the festive season take place, fell in the month of November this time, the North and Central regions saw muted retails in October. The commuter segment of two-wheelers draws the bulk of its buyers from states in this region, including Uttar Pradesh and Bihar. Owing also to this fact, retail registrations will report a definite pick-up as against November last year. Here’s more on this

Gold rate today: Yellow metal trades higher; may test Rs 50,900 per 10 gms level

Gold prices in India traded higher on the Multi Commodity Exchange (MCX) Friday tracking a positive trend in the international spot prices while silver price also gained marginally.

At 11:30 am, gold futures for December delivery rose 0.21 percent to Rs 50,705 per 10 grams as against the previous close of Rs 50,600 and opening price of Rs 50,665 on the MCX. Silver futures traded 0.06 percent higher at Rs 62,779 per kg. The prices opened at Rs 62,539 as compared to the previous close of Rs 62,739 per kg.

“Weakness in dollar supports gold and silver. Physical demand also increasing in India on the coming festival season. As for today, traders can buy gold at Rs 50,400 levels with the stop loss of Rs 50,200 levels for the target of Rs 50,900 levels. Buy Silver at Rs 62,300 levels, with the stop loss of Rs 61,700 and for the target of Rs 63,500” said Anuj Gupta- DVP- Commodities and Currencies Research, Angel Broking Ltd. Read more here