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Decoding Lok Sabha election results 2019: 6 reasons how the verdict became a pro-incumbency vote

272/543
L :13
W :340
L :4
W :88
NDA :353 | Need More Seats to win
Need 184 More Seats to win | UPA : 92
LOK SABHA ELECTION RESULTS 2019
Total Constituencies
543
Voter Turnout
67.11%
NDA : 353
2014 : 354 Seats
BJP
303
+
SS
18
+
Other
32
UPA : 92
2014 : 66 Seats
INC
52
+
DMK
23
+
Other
17
OTH : 97
2014 : 107 Seats
YSRCP
23
+
TMC
22
+
Other
52
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VIDEOS
Commodities

Dharmesh Bhatia of Emirates NBD expects gold to correct further from current levels

Updated : September 27, 2018 04:15 PM IST

In an interview to CNBC-TV18, Dharmesh Bhatia of Emirates NBD discussed the current trend in commodities markets.

Talking about his trading calls, Dharmesh recommended selling December contract of gold, silver, and copper.

On gold, Bhatia is expecting the bullion pack to show some weakness in the short term.

Internationally it is already holding below $1,200 and with interest rate hike expected in December and one in 2019, and US treasury yields holding above 3.5-3.10, the yellow metal should show some weakness, Bhatia said.

"I am not so bullish, I am expecting the market to head further down and equity market in the US will keep on rising and with interest rate hike, I do not think that gold will outperform any asset class,” he said.

In domestic market because of rupee depreciation, the fall is not in that contempt, but expecting gold to correct further from current levels,” Bhatia added.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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