Gold prices in India have experienced a significant increase of nearly 32% since last Diwali, largely due to geopolitical tensions and other influencing factors. However, the upcoming US election and the Federal Reserve’s policy decision are expected to introduce substantial volatility in the market. The market is currently anticipating a 25-basis point rate cut by the U.S.
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MicroStrategy, a company with a massive Bitcoin holding, is on track to become the first $1 trillion crypto stock, with its value skyrocketing 264% this year and outperforming every S&P 500 stock since 2020, with its plan to transform into a Bitcoin investment bank and wait for the cryptocurrency's price to appreciate.
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Neelkanth Mishra, Chief Economist at Axis Bank and Head of Global Research at Axis Capital, recommends banking stocks to investors, citing improving liquidity conditions and an expected boost in credit growth. “...the challenge over the last two years has been that on the quantity side, I mean the raw material that the banks work with (deposits or cash reserves)."
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