pashupati advani

Pashupati Advani cautious on market rally amid Strait of Hormuz uncertainty, LPG shortages

Market veteran Pashupati Advani remains cautious about the current market rally, citing unresolved fundamental uncertainties including the Strait of Hormuz closure and its impact on India's oil and LNG imports. He highlights tangible issues such as LPG shortages restricting consumers to one cylinder per month, and warns of potential economic fallout from IT sector headwinds including visa restrictions, AI challenges, and near-zero net hiring. Advani sees relative value in infrastructure plays like cement and steel, benefiting from government spending on roads, housing and urban projects.