Goldman Sachs is bullish on the financial sector. The brokerage house believes that select financial stocks will do well largely on the back of consolidation of the market share as well as historically high probability in the new cycle.

Gold prices in India traded higher on the Multi Commodity Exchange (MCX) Monday on safe-haven demand as rising coronavirus cases in the country dampened investor risk-appetite, analysts said. At 10:35 am, gold futures for June delivery rose 0.10 percent to Rs 46,640 per 10 grams as against the previous close of Rs 46,593 and opening price of Rs 46,545 on the MCX. Silver futures traded 0.08 percent lower at Rs 66,932 per kg. The prices opened at Rs 66,786 as compared to the previous close of Rs 66,983 per kg.

Shares of banks and NBCFs plunged in the early trade on Monday as the sharp rise in the country’s coronavirus cases dampened investor sentiment and raised concerns over economic recovery.

At the interbank foreign exchange, the rupee opened at 74.97 then lost further ground and fell to 75.14 against the US dollar, showing a decline of 41 paise over its previous closing.