Share Market News: Right time to buy Gold? – share market news updates on 1 November 2021 and sensex and stock in hindi

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“Now there is talk of stagflation, that is, inflation without growth. Whenever such a situation occurs, gold is considered a safe investment against such risks. You can keep your position inside gold and walk away.”

Nitin Kedia, founder of Kedia Fincorp, has this to say on this question, the mood is being formed about gold amid inflation growth.

Share Market News
On the first trading day of November, the stock market has closed with a gain. The Sensex closed at 60,138 with a gain of 831 points. Nifty also closed at 17,929 with a gain of 258 points. During trading, the Sensex made a high of 60,220 while the Nifty made a high of 17,954. All banking stocks were up on the Sensex today. Apart from this, the indices of all the sectors of Nifty have also closed with gains. Nifty Realty closed with a gain of 4.16 per cent. 26 stocks on Sensex and 46 stocks on Nifty closed with gains. IndusInd Bank closed today with a gain of more than 7 percent

To understand the movement in the market today, let’s turn to Nitin Kedia, Founder of Kedia Fincorp

Other business news
1. The months of October were disappointing for the country’s auto companies. Maruti Suzuki has incurred a loss of 24% on a yearly basis. Bajaj Auto sales also declined 14% year-on-year. However, Tata Motors has got 30% year-on-year growth while Ashok Leyland has got 11% growth.

2. The GST collection in October has crossed Rs 1.30 lakh crore. This is the second largest collection ever since the introduction of the GST system. Earlier in April, the GST collection had crossed Rs 1.4 lakh crore.

3. Indian Railway Catering and Tourism Corporation’s (IRCTC) profit grew 386% in the second quarter. The company reported a net profit of Rs 158.5 crore in the September quarter as against Rs 32.6 crore in the corresponding quarter of the previous financial year. Similarly, the company’s revenue has also increased by 357% to Rs 405 crore in the September quarter.

4. Housing Development Finance Corporation (HDFC) has seen a 31.7 percent year-on-year growth in profits. It stood at Rs 3,780.5 crore in the September quarter. The company’s Asset Under Management (AUM) has been at its 5-month high during this period. Apart from this, there has also been a strong improvement in the asset quality of the company.