Gold prices in India traded lower on the Multi Commodity Exchange (MCX) Tuesday following weakness in international spot prices amid strength in US dollar, analysts said. At 10:45 am, gold futures for June delivery fell 0.35 percent to Rs 44,542 per 10 grams as against the previous close of Rs 44,698 and the opening price of Rs 44,590 on the MCX. Silver futures traded 0.46 percent lower at Rs 63,880 per kg. The prices opened at Rs 63,976 as compared to the previous close of Rs 64,174 per kg.

India looks less vulnerable to the COVID-19 pandemic, said Dan Fineman, co-head of equity strategy-Asia Pacific at Credit Suisse, on Tuesday. He added that he prefers banking stocks especially private banks in India.

Manish Gunwani, CIO-Equity Investments, Nippon India Mutual Fund said he prefers global cyclical stocks rather than domestic cyclical. Speaking to CNBC-TV18, Gunwani said, “We are more comfortable today with global cyclical than domestic cyclical. We think that global cyclicals like metals and IT are probably better than some of the domestic cyclicals sectors.”

The firm acquired Warora-Kurnool Transmission Limited (WKTL) from Essel Infraprojects for Rs 3,370 crore.