Jefferies is making a bold move by advising clients to invest in the struggling Indian consumer sector, identifying Varun Beverages, Hindustan Unilever, and Asian Paints as promising contrarian bets. Despite facing challenges like weak demand and margin pressures, these stocks are believed to have bottomed out, offering significant upside potential if the sector rebounds.
Silver hits $60 per ounce for first time, gold rises ahead of Fed rate decision
Gold prices edged higher as traders anticipated the U.S. Federal Reserve’s interest rate decision. Meanwhile, silver surged to an all-time high of over $60 per