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    APRIL 1 2024 BANK HOLIDAY

    Commodity Talk: Gold's 13% H1CY2024 returns robust, but positives priced-in now, says Anuj Gupta

    Average returns by gold over the past five years are at 8.43%. Its best six-month performance has been in 2020, the year of Covid lockdowns. That year gold yielded nearly 25% returns. The next highest are in 2024 at 13.26%. In H1 of 2022 and 2023, the returns were 5% and 6%. It has given negative returns of 6.60% in 2021.

    Gold’s 13% uptick beats Nifty's H1CY24 gains. Who could hold the edge in second half?

    HDFC Bank's shares surged approximately 3% to reach a new 52-week high on Wednesday. Investors reacted positively to news suggesting a potential increase in the bank's weightage in the MSCI Emerging Markets index. Doubling lenders' weightage in the global index can attract FII flows, ranging from $3.2 bn to $4 bn.

    Are banks open or closed today?

    Saturday bank holiday 2024: As per the regulations, all banks will be closed on Sundays, second and fourth Saturdays, and national and regional holidays. ATMs will be available throughout these holidays, and internet banking services will remain operational.

    Overseas Indians parked $1 billion in NRI deposits in April

    During the month a bigger chunk was garnered under the NRE (RA) with deposits worth $583 million, while $483 million flows were in FCNR(B) scheme. In addition to these two schemes, NRIs also park funds in NRO or non-resident ordinary deposit schemes. The funds in these schemes are meant for local use by the NRI and repatriable upto a certain limit. About $27 billion is the outstanding amount parked in this scheme compared to the outstanding amount of $99 billion in NRE(RA) and $26 billion in FCNR(B).

    Saturday bank holiday June 2024: Are banks closed this Saturday, June 22?

    Saturday bank holiday June 2024: Both private and public sector banks will remain closed on all national holidays, state regional holidays, the second and fourth Saturdays of each month, as well as on all Sundays.

    Eid bank holiday June 2024: Banks in these states today; check state-wise bank holidays list

    Eid bank holiday June 2024: Many public and private banks in India are closed today, in observance of Eid ul-Adha. This holiday is celebrated by Muslims worldwide and involves various traditional observances and rituals. It's advisable to check the full state-wise bank holiday list for Eid ul-Adha on Monday, June 17, 2024, to ensure that you are aware of the closures and plan your banking activities accordingly.

    The Economic Times
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