Tit - bits

#The Indian Stock Market after a muted start in the Monday morning is likely to consolidate around the current ranges,  i.e. 12000 - 12103, with support coming at 11950. The impact of GDP data has already been factored in the current levels. 

#According to the latest shareholding pattern of P C Jewellers  Ltd (Rs.30.15) we see that most of the big investors have retained their stakes in the company as compared to the June, 2019 quarter. Eg. 

1.Combitic Global Caplet Pvt Ltd -- 1.21%

2. Karvy Stock Broking Ltd -- 1.80%

3. Life Insurance Corporation of India -- 1.76%

4. Matthews Emerging Asia Fund -- 1.57%.

Moreover,  the Central Bank of India has stated in its latest meeting that it is ready to go with a softer interest rate regime to give a forward kick to the sagging fundamentals of the Indian economy. 

It is pertinent to mention here that Lower Interest Rates, benefit non-interest yielding asset classes like GOLD. 

Also, there was a medium report that No jeweller will be allowed to sell gold jewellery or artefacts without hallmarking from January 15, 2021. 

It further stated that the  government will issue a notification by mid January next year, giving the jewellers one year time to register with Bureau of Indian Standards for obtaining the Hallmarking (certification of purity). This is music for the established players as it is likely to weed out many players in the me - too,  unorganized sector. 

PC Jeweller Ltd which was established in 2005, has its business focused in Manufacturing, Retailing and Export of Jewellery.