Crude oil prices moved higher in international markets amid fears of potential supply disruptions linked to geopolitical developments. Rising tensions in key oil-producing regions have pushed energy prices upward.
Crude oil prices moved higher in international markets amid fears of potential supply disruptions linked to geopolitical developments. Rising tensions in key oil-producing regions have pushed energy prices upward.
Silver prices experienced volatile trading as investors weighed both industrial demand prospects and global economic developments. The metal has a dual role as both an investment asset and a key industrial commodity.
Gold prices remained firm in the commodity market as investors continued to shift towards safe-haven assets amid geopolitical uncertainty. The precious metal tends to attract strong demand during periods of financial market volatility.
Indian equities witnessed a sharp correction as escalating geopolitical tensions in West Asia rattled global markets. The benchmark indices Nifty50 and BSE Sensex both declined nearly 2% during the session.
Indian benchmark indices ended the session sharply lower as weak global cues and rising crude oil prices triggered heavy selling across sectors. The Sensex declined about 829 points, while the Nifty slipped below the 23,700 mark amid broad-based market pressure.
NIFTY OUTLOOK: 23639.15 FII -7049.87 cr DII 7449.77 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as continues selling pressure take down the nifty upto our level of 23566 i.e. made a day low of 23556.
Manoj Vaibhav posted 40% higher Q3 EPS of Rs.7.1 and 18% higher 9M EPS of Rs.17.8, which may lead to FY26 EPS of Rs.25. The share trades at a forward P/E multiple of 6.1x vs. peers near 65x, supporting long-term appeal.
NIFTY OUTLOOK: 23866.85 FII -6267.31 cr DII 4965.53 cr
As discussed yesterday, market behaviour remained on the expected lines during the day, as the hurdle of the opening bearish gap of 9th March 2026 dragged the Nifty down to 23834.3.
Potential energy shock poses major risk. Qatar’s energy minister said normal supply cycles may take weeks even if the war ends immediately and warned that Gulf energy exports could halt if tensions escalate. As per Financial Times, oil prices may surge towards $150 per barrel within weeks, which could severely impact India’s economy. As per market grapevine, if crude hits $150, the Nifty level of 21743 recorded on 7th April 2025 may be breached.
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