Gold prices remained firm as investors continued to prefer safe-haven assets amid uncertainty in global markets. Demand for gold has been supported by volatility in equities and currency fluctuations.
Indian equity markets, including the Bombay Stock Exchange and National Stock Exchange of India, started the new financial year on a cautious note. Both Sensex and Nifty witnessed mild declines as investors reacted to weak global cues.
Hormuz Risk Alert: Rising geopolitical tensions around the Strait of Hormuz have raised concerns over global oil supply stability. Reports suggest tighter control measures involving the Islamic Revolutionary Guard Corps, which could affect shipping and raise transportation costs. Given India’s heavy dependence on imported oil, any prolonged disruption in this region could significantly impact inflation, trade balance and overall economic stability.
Date 02.04.2026
NIFTY OUTLOOK: 22679.40 FII -8331.15 cr DII 7171.80 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as oversold territory on RSI has attract bounce upto 22941.
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