Prices are likely to find support around Rs 5,500 on MCX and $65 on NYMEX WTI. However, while potential OPEC+ production cuts and a possible 25 bps rate cut may provide temporary relief, overall market fundamentals suggest continued downward pressure. Ample supply and weak demand growth projections are expected to keep prices low in the near term.
Diwali 2024 stock picks: Inox Wind, KPIT Tech, 7 more counters to buy for Samvat 2081
As we are about to begin Samvat 2081 in less than a week, Axis Securities has identified nine stocks for this Diwali that could deliver