The bank attributes the bullish revision to stronger-than-expected central bank demand and mounting recession risks, which have contributed to a surge in gold-backed ETF inflows.
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj
Foreign investors withdrew significant funds from Indian equities in October amid concerns over inflation and crude oil prices. Despite this, there were signs of moderation
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