Monday, October 19
Making adjustments to its model portfolio, domestic brokerage firm Kotak Institutional Equities has increased the weight of InterGlobe Aviation (INDIGO) by 100 basis points to 250 basis points and Pidilite Industries (PIDI) by 40 basis points to 190 basis points. Meanwhile, Dabur witnessed a decrease in the weightage.According to the domestic brokerage firm, both companies are positioned as dominant players in their respective sectors, benefiting from several near-term tailwinds. These include reasonable demand compared to other consumer categories, low raw material prices – specifically, aviation turbine fuel (ATF) for INDIGO and crude oil derivatives for PIDI – and strong pricing power amid weak competition in their respective markets.Furthermore, a potentially stronger Indian Rupee
As geopolitical tensions have started easing out, the demand for safe-haven buying has witnessed a sharp decline as Gold June futures contracts at MCX hit a day’s low of Rs 92,975/10 grams. This marks a sharp fall of nearly Rs 6,500 for the yellow metal from its peak of Rs 99,358/10 grams, made on April 22.Meanwhile, the prices of silver July contracts were trading nearly 1% higher or by Rs 943 at Rs 96,287/kg around 10 am.On Monday, gold and silver settled on a weak note in the domestic and international markets. Gold June futures contract settled at Rs 92,901 per 10 grams with a loss of 3.75%, and silver July futures contract settled at Rs 95,344 per kilogram with a loss of 1.43%.The prices of gold and silver plunged amid the US-China trade deal, Indo-Pak ceasefire and gains in the dol
