This special report focuses on the unprecedented rally in silver and gold, and HCL Tech’s strong second-quarter earnings, with insights from market experts Shailendra Bhatnagar and Dharmesh Kanth. Shailendra Bhatnagar highlights the gravity of the bullion market, stating, ‘It’s a squeeze that is getting to epic proportions’. Silver prices have surged to record highs, with COMEX prices crossing $51 an ounce, leading to a severe physical shortage and high premiums in Indian markets like Chandni Chowk. The discussion also pivots to the Indian stock market’s positive start and a detailed analysis of HCL Tech’s quarterly results. The IT major became the first in its league to report $100 million in quarterly revenue from AI-related services, outperforming competitors. However, experts advise caution, suggesting the broader IT sector’s structural issues are not yet resolved.
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