Kolkata-based jewellery retail giant Senco Gold Limited has successfully raised Rs 459 crore through a Qualified Institutions Placement (QIP), allocating 40.8 lakh equity shares at Rs 1,125 each.

Motilal Oswal Financial Services reaffirms its “BUY” recommendation for Senco Gold (NSE: SENCO) with an upgraded price target of Rs.

Bitcoin and other cryptocurrencies are finally showing strength and a move above $70,000 levels is possible.

Kalyan Jewellers continues to impress investors, with its stock reaching a 52-week high of Rs 749 during Friday’s trading session, before closing at Rs 720.

Kalyan Jewellers share price has reached new highs, with research houses, including HSBC, upgrading their outlook on the company.

Gold was quoted at $889.70 an ounce, down by more than 1%, the biggest in more than two weeks. In the Indian markets, gold went down by Rs 195 to close at 14515 continuing the sluggish demand post Akshay Tritiya and ahead of a long weekend.

The dollar fell against euro as much as 0.9% as the risk tolerance drove the demand of greenback southwards and the US Economic data of home prices came out to be positive. But the downside may be limited because of the swine flu, which may see a safe haven buying.