Speaker Profile - Sandesh Nandode


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Sandesh Nandode: Research Analyst Disclosure/Disclaimer

Disclosure/Disclaimer : Sandesh Nandode is an independent research analyst, the research work would be conducted in Equity, commodity and currency segments.  Research report is a written or electronic communication that includes research analysis, research recommendation or an opinion concerning securities or public offer, providing a basis for investment decisions. The views expressed therein are based solely on information available publicly/internal data/other reliable sources believed to be true. The information is provided merely as a complementary service and do not constitute an offer, solicitation for the purchase or sale of any financial instruments, inducement, promise, guarantee, warranty, or as an official confirmation of any transactions or contract of any kind. Research data and reports published/ emailed/ text messages via Short Messaging Services, Online Messengers, WhatsAppetc/transmitted through mobile application/s, including but not limited to FLIP™, Video Widget, t
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Wow Moment...India’s Forex Reserves rose to USD 513.25B for the first time

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As per the data released by Reserve Bank of India on 10 th July 2020, India’s Forex Reserves reaches to all time high at USD 513.25B. International reserves are used to settle balance of payments deficits between countries. International reserves are made up of foreign currency assets, gold, holdings of SDRs (Special Drawing Rights) and reserve position in the IMF (International Monetary Fund). Usually Forex reserve includes:  1. foreign currencies, 2. other assets denominated in foreign currencies, 3. particular amount of special drawing rights. A foreign exchange reserve is a useful precaution for countries exposed to financial crisis. It can be used for the purpose of intervening in the exchange market to influence or peg the exchange rate. A growth in forex reserves is a positive sign for Indian economy. With growing forex reserves we are growing stronger like never before. Here are the purposes of keeping Foreign Exchange Reserves... To keep the value of their currencies at
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Gold Slips as Dollar Gains

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Gold on slips more than 1.50% and break 4 weeks low on Wednesday mainly due to increased uncertainty about rising COVID-19 cases in Europe and U.S. presidential elections to be held on 3 November 2020. Spot Gold has fallen by 1.75% to $1870.80 per ounce. There are still so much concern and uncertainty related to COVID-19 and the possibilities of renewed lockdowns in Europe has send a panic wave across the markets. In response to this Dollar is gaining attention and stock markets along with Gold are looking under pressure. On downside gold spot has support at $1848 level, if this level is broken the we may see panic selling up to $1805 levels. On the contrary safe-haven dollar surge by almost 0.8% whereas all major stock market indices are down by more than 1.50%. Gold is considered a hedge against inflation and currency debasement and has appreciated by more than 23% in this year and made a life time high of $2074.88 per ounce. Sandesh Nandode, Forex and Crypto Analyst. Publ
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