Indian equity indices rebounded strongly, recovering last week’s losses, fueled by SBI’s impressive Q1 results and optimism surrounding the upcoming Trump-Putin meeting. Short covering was observed ahead of the summit, with PSU banks gaining traction. However, caution remains due to technical indicators and geopolitical factors, including US tariffs on Indian goods.
Decoding gold rally: Why yellow metal surged 15% in one month and should bullion be in your portfolio?
Gold has staged a sharp 15% rally in August after a volatile start to the year, supported by renewed ETF inflows, strong central-bank buying, expectations