Markets in instability: Nifty closed below 24,500, Sensex down 1,100 points;
Fall, bounce back, and finish in the red. That essentially sums up today’s trading activity. After a day off for Holi, the marketplaces reopened. It was a sea of red, as one might imagine. The Sensex fell 1,700 points in response to global trends, while the Nifty fell below 24,400, actually closer to 24,300. Both…
The Indian rupee hits a record low of Rs 92 per dollar amid tensions in the Middle East.
On March 4, the Indian rupee hit a fresh low of Rs 92 per dollar as investors rushed to safe-haven assets amid rising oil prices due to geopolitical unrest in the Middle East. Compared to Rs 91.47 during the previous trading session, the local currency was trading at Rs 92.17 to the dollar. On March…
Strait of Hormuz Tensions: Crude Oil Prices Soar!!!
The ongoing tension in the Strait, a major route for global oil transportation, has investors worried.Crude oil prices in the international market rose more than 7 percent in a single day on Monday. US crude oil prices rose 7.4 percent to $71.97 a barrel, while Brent crude oil prices rose 7.7 percent to $78.46. However,…
As the Gulf situation gets worse, gold rises 1%, surpassing demand for safe havens.
As the U.S. and Israeli air campaign against Iran intensified, investors sought safe-haven assets, boosting concerns that the conflict could escalate into a protracted regional war and increase uncertainty. As a result, gold prices increased for the fifth straight session on Tuesday. At $5,362.90 an ounce, spot gold was up 0.7%. After the United States…
Nifty closes below 24,900, and the Sensex closes about 1,050 points lower; the West Asia War is one of the main causes of the market crash.
As a result of the West Asia war pushing crude prices higher and causing a flight to safe havens, benchmark indices, the Sensex and Nifty, plummeted more than 1.2% on March 2. The BSE Sensex fell 1.29% to 80,238.85, the lowest level in six months, while the Nifty 50 fell 1.24% to a one-month low…
US – IRAN Tension: Impact on Oil, Gold, Share Market!!!
If the tension between the United States and Iran increases, the oil market will be affected first, because Iran is a major oil supplier to the world and most of its oil passes through the Strait of Hormuz. If there is a problem in that area, the fear of a shortage of oil supply arises…
Crude prices are rising and as the Iran-Israel conflict intensifies, gold and silver witness a sharp increase.
Today, the commodity market is in the spotlight amid intensifying violence in West Asia. Sharp price movement has been observed in commodity prices amid the increased geopolitical tensions surrounding the US and Israeli attack on Iran. Silver is trading about $95/oz, while Brent Crude has surged to around $80/bl. Gold is stable at $5,300 per…
UBS has raised its forecast for copper prices!!!
The bank now expects copper prices to reach $15,000 per metric ton by March 2027. It continues to have a positive view on copper and recommends investors keep long positions. Although copper prices have paused recently after rising, UBS believes prices will continue to increase each year. High price levels are expected to remain through…
As Anthropic’s AI claims stoke concerns about disruption, the Nifty IT index falls by more than 5%; TCS and Infosys are among the worst losers.
As ongoing worries about disruptions brought on by artificial intelligence continued to negatively impact market mood, Indian IT equities continued their sell-off for a fifth consecutive session on Tuesday, with the Nifty IT index down more than 5% by the afternoon. Anthropic’s assertions that its Claude Code tools can significantly lower the cost and complexity…
Gold prices fell after four days of gains!!!
Gold prices fell on Tuesday. After four consecutive days of gains and touching a three-week high, investors took profits. At the same time, a slight rise in the US dollar pressured gold prices. In the previous trading day, gold prices rose about 2.5% due to uncertainty over US trade policy. The US Dollar Index rose…
