Vinay Rajani, Senior Technical Analyst at HDFC Securities, has suggested investors consider HDFC Gold ETF and Oil India shares for near-term opportunities. His recommendations come amid heightened market volatility, with gold seen as a safe-haven asset and Oil India benefiting from strong fundamentals and favorable energy sector dynamics.
Indian markets witnessed sharp volatility in early March 2026, driven by geopolitical tensions in West Asia and foreign capital outflows. Against this backdrop, Vinay Rajani of HDFC Securities advised investors to focus on defensive and fundamentally strong plays, highlighting HDFC Gold ETF and Oil India as attractive near-term picks.
Gold ETFs are gaining traction as investors seek safe-haven assets amid global uncertainty. Rajani noted that HDFC Gold ETF offers a reliable hedge against volatility, with potential upside as geopolitical risks and inflationary pressures persist.
Oil India, on the other hand, is supported by strong fundamentals, steady earnings, and favorable sectoral trends. Rising energy demand and stable crude prices are expected to bolster the company’s performance, making it a compelling choice for investors seeking value in the energy space.
Key Highlights
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Vinay Rajani recommends HDFC Gold ETF and Oil India shares
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Gold ETF seen as hedge against volatility and inflation
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Oil India supported by strong fundamentals and energy demand
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Recommendations come amid sharp market selloff and foreign capital withdrawals
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Sensex fell 2,743 points and Nifty 50 dropped over 500 points on March 2
Industry Significance
Analysts emphasize that Rajani’s recommendations reflect a balanced strategy—leveraging gold as a defensive asset while capitalizing on Oil India’s sectoral strength. With markets expected to remain volatile, such picks provide investors with stability and growth potential, aligning with broader risk management strategies in uncertain times.
Sources: Mint