India’s long history and social connect with gold makes it one of the world’s largest consumers of the yellow metal. This has also led to a vibrant market for gold jewellery, employing around 500,000 craftsmen. While an entire ecosystem has developed in the country around gold, including a vibrant derivatives market, an element still missing in the gold ecosystem is an electronic spot exchange.

Shares of RBL Bank fell 2.8 percent intraday on December 10 as global brokerage house Morgan Stanley remained bearish on the stock citing asset quality concerns.

Amit Sajeja, analyst, Motilal Oswal, said that the current support level at Rs Rs 36,000 is strong and the prices may rally to up to Rs 40,000 in the next three-four months. 

The market always has stock opportunities whether it is a bull, bear or consolidative phase, say experts. It is for the investor to pick the right stock at the right time and the right price.