Around 11 am, the metal saw buying interest from lower levels, rising 0.36% to trade at Rs 95,490 per 10 grams, a gain of nearly Rs 350 from Tuesday's closing price.
The brokerage firm noted that their seel rating was set against the backdrop of a peaking chemical cycle and risk to guidance/consensus expectations for the energy segment (n-methyl aniline, MMA)
Amidst global volatility, Amit Jain of Ashika Global Family Office Services remains bullish on Indian equities, citing democracy, demand, and demography as key strengths. He advises investors to stay focused on governance and quality stocks, particularly in banking, FMCG, and select PSUs.
HDFC AMC's Priya Ranjan suggests a "coexistence era" for ICE and EV technologies, with ICE vehicles maintaining dominance in commercial and entry-level segments. While EV growth is promising, infrastructure and cost parity remain challenges. Anticipated interest rate cuts in 2025 could stimulate financing-driven demand, particularly in rural markets and for commercial vehicles, potentially boosting entry-level vehicle sales.
