Dhananjay Sinha of Systematix Group believes the premiumisation trend in the auto sector has peaked due to higher average selling prices and increased credit inflow. He predicts a slowdown in demand for premium vehicles, but sees potential in two-wheelers like Bajaj Auto and Maruti due to income effects from tax breaks and future Pay Commission benefits.
Explained: Why silver prices have crashed 14% this week to hit a 7-month low
Silver has fallen as much as 14% this week, hitting a seven-month low as expectations of US Fed rate cuts fade and bond yields rise.