Friday night closing: Dow -537 pts., Nasdaq -410 pts., S&P -93 pts. However, Gift Nifty closed in green at 23769 as Brent Crude declined sharply to $100.49. If crude falls further over the weekend and no negative developments emerge, Indian markets may remain strong on Monday.
Indian benchmark indices BSE Sensex and Nifty 50 closed higher after a volatile session as investors showed selective buying in banking, FMCG, and infrastructure stocks.
Gold prices remained firm as investors continued shifting toward safer assets amid ongoing geopolitical tensions and inflation fears.
Silver prices witnessed gradual gains as industrial demand expectations improved globally. The metal continues benefiting from rising usage in solar panels, electric vehicles, and electronics manufacturing.
Global energy markets remain highly sensitive to ongoing geopolitical tensions in the Middle East. Concerns regarding oil transportation routes and supply disruptions continue impacting investor sentiment worldwide.
The Indian rupee traded relatively stable against the US dollar despite upward movement in global crude oil prices. Stable foreign exchange reserves and controlled capital outflows helped limit volatility in the currency market.
International shipping and logistics companies are witnessing rising operational costs because of growing geopolitical risks near major trade routes. Insurance premiums and freight charges have increased across several regions.
Berger Paints India is expanding its decorative paint and waterproofing product portfolio as demand from housing and renovation segments continues improving. The company is also strengthening distribution networks in smaller cities.
SJVN is accelerating investments in solar, hydro, and renewable energy projects as India pushes toward cleaner energy targets. The company is working on multiple large-scale infrastructure projects.
Coromandel International is witnessing healthy demand for fertilizers and crop protection products as agricultural activity remains stable across several regions.
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