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Gold and silver prices dipped slightly in early Tuesday trading as investors took a cautious stance ahead of the U.S. Presidential election. Despite a weakening dollar and mixed global equities, analysts predict continued volatility in precious metals throughout the week due to major market events.

A total of 12,537 shares changed hands on the counter till 09:58AM (IST).

The stock traded at a P/E multiple of 72.00, while the price-to-book value ratio stood at 7.33.

The company has fixed a price band of Rs 371-390 per share for the IPO, which means that the investors are willing to pay about Rs 410 for one share of the company.

Indian markets are experiencing a correction after a long period of outperformance. Analyst Anand Tandon believes there is further room for correction before buying opportunities emerge. He suggests financials, particularly banks, as a potential sector for investment due to reasonable valuations. Tandon expresses concern about the impact of the US elections and the long-term outlook for the IT sector.

Global markets held their breath as the United States headed to the polls in a tightly contested presidential election. The outcome remained uncertain, with polls showing Republican Donald Trump and Democrat Kamala Harris in a virtual tie. Investors awaited the results with bated breath, bracing for potential market volatility depending on the winner.

The US election outcome will significantly impact Japan. A Harris win might strengthen the yen, while a Trump victory could boost the Tokyo stock market but weaken the yen. Market volatility is expected regardless of the winner. The impact of the election on US economic policy and potential trade implications will be closely watched by investors.

Deepak Shenoy, Founder of Capital Mind, discusses the Indian automobile sector and Reliance. He sees potential in two-wheeler manufacturers like TVS and Hero MotoCorp. Shenoy maintains his position in Mahindra & Mahindra, citing its diversified portfolio. He expresses concerns about Tata Motors due to geopolitical factors and Maruti Suzuki due to recent sales figures.

Axis Securities recommends buying Kotak Mahindra Bank with a target price of Rs 1,916. The current price is Rs 1,741.25. The bank reported positive financial growth in recent quarters. Axis Securities expects growth in advances, NII, and earnings by FY24-27E. Promoters and foreign investors hold significant stakes in the bank.