Investors are examining past trends to determine the potential duration of the gold price rally and the likelihood of a corrective phase. This article delves into the characteristic pattern of corrections observed in the history of gold prices.
Aditya Sood predicts that IT and healthcare are among the top 4 sectors that will fuel the next phase of the stock market rally.
Kotak Institutional Equities has ceased to recommend Indian mid-cap companies as it finds limited upside potential following the significant surge in the mid-cap index this year. The rally, driven by irrational exuberance among investors, has raised concerns about a potential market correction. Most of the stocks in Kotak’s model mid-cap portfolio are currently trading near their fair values. The brokerage has found limited opportunities for significant upside potential outside of the banking, financial services, and insurance sector. Kotak has also raised concerns about the quality of certain stocks due to weak execution and governance in the investment sector.
Shares in Asia echoed US declines and a rally in the dollar stalled as the greenback weakened against major currencies. Stocks in Japan, Australia and South Korea dropped. The declines followed selling on Wall Street that weighed on tech stocks.
