Motilal Oswal Financial Services Limited

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1) Increase in Silver price will be positive for the Silver mining companies on account of large silver mining.2) The Reserve Bank of India (RBI) on Thursday relaxed gold lending norms, allowing lenders to give up to 90% of the value of the gold pledged as loans. Currently, banks can lend up to 75% of the value of gold jewellery and ornaments. This will provide better liquidity to cash-strapped borrowers opting for gold loans. The relaxation in LTV will be available till 31st March 2021. #MOMarketUpdates #gold #MotilalOswal #HindustanZinc #Indianstockmarket #Nifty #sensex #Commodities #Silver

1) HDFC Bank- Shashidhar Jagdishan is currently an Additional Director and Head of Finance, HR at HDFC Bank. Jagdishan was the bank's top choice among 3 shortlisted candidates. The bank had recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Garg's names for the post. Jagdishan joined HDFC Bank in 1996. Aditya Puri is set to retire in October 2020. HDFC Bank gained 3% after the news. 2) MCX witnessed smart rally today on account of impressive quarterly results. The market expectation that the MCX will be the major beneficiary on account of rising trading volumes on Gold and Silver. Natural Gas and Oil volatility (Natural gas gain 20%) will be a benefit for MCX. 3) The BMC has allowed shops to remain open on all seven days of the week during Unlock 3 from August 5. This comes after the Central government last month announced the third phase of Unlock 3 and issued new COVID-19 guidelines. Expect positive for Liquor stocks like United Spirits, Hotel (Indian Hotel) and Malls (Trent, Phoneix Mills). Gas #MOMaketUpdates #HDFCBank #MCX #Unlock3 #Gold #Silver #Natural #Indiastockmarket #MotialOswal #NSE #BSE #Nifty50

Silver jumped to the highest in seven years at Rs 59615 and gold continued its march towards a record on expectations more stimulus is needed to help the global economy recover from the coronavirus pandemic. Rising gold and Silver price will be positive for Gold Finance stocks like Manappuram Finance and Muthoot Finance. #MOMarketUpdates #Indianstockmarket #commodities #safeinvestment #gold #silver