Broader consumption demand in India is anticipated to fully recover in the next quarter, with some sequential improvement expected in high-frequency economic indicators. Companies may continue inventory adjustments before consumption patterns normalize. The Q2FY26 earnings season is projected to be mixed, with certain sectors showing growth while others face pressure.
Fed tightening bets weigh on gold prices
Gold prices have taken a hit, influenced by rising oil rates that have sparked inflation fears and suggested further interest rate hikes may be on