While India’s people are major gold hoarders, the government hasn’t been a big one. India really did display the savvy of a hedge fund here. It got what it wanted, surprised markets and will sit back and reap the benefits as gold rallies.
Traders are now betting on who will announce the next big purchase. Will [...]
Desi Shares
Profit-taking eased early gains of 1.55 percent and briefly
pushed the market into negative territory late afternoon,
before pulling back towards the close.
Telecoms firm Bharti Airtel (BRTI.BO: Quote, Profile, Research) rose 1.8 percent to
417.25 rupees, after it denied late on Wednesday a media report
it had reached an agreement with South Africa’s MTN (MTNJ.J: Quote, Profile, Research).
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The [...]
