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Markets end flat in choppy trade; PSU banks, energy gain, rupee weakens
Closing Bell: Indian markets ended flat in a volatile session, with sectoral divergence persisting, while the rupee weakened by 20 paise to 93.12 per dollar, reflecting cautious sentiment and mixed cues across equities and currency markets.
DXY holds near 100 mark amid escalating tensions ahead of Trump deadline
The dollar index is holding near 100 mark on Tuesday on safe haven demand amid heightened fears surrounding Trumps ultimatum to Iran. Trump warned he would target Iranian power plants and bridges if his conditions are not met by Tuesday 8 p.m. Eastern Time, including the reopening of the Strait of Hormuz. Trumps statement ruled out any possibility of a ceasefire and signaled escalation of tensions between the two countries. Further war-led destruction could lead to a more severe surge in energy prices that would revive inflationary pressures and force central banks to push up interest rates. Dollar is gaining appetite ahead of Tuesday deadline and is currently quoting at 99.63. Traders are now looking ahead to the latest Federal Open Market Committee (FOMC) Meeting Minutes for clearer guidance on the central banks policy trajectory.
Rupee breaches 93 per US dollar for the first time amid US-Iran war, FII outflows
The Indian rupee fell to 93 per US dollar for the first time on March 20, exacerbated by Middle East conflicts impacting global energy supplies. Analysts predict continued pressure on the rupee, with over $8 billion withdrawn from domestic equities in March due to rising oil prices.
Gold, silver rates today: Comex gold slides $64/oz; silver drops $1.5 as rising dollar caps safe-haven demand
Gold and silver prices dropped on 12 March, influenced by a strong US dollar and reduced expectations of interest rate cuts. The Israel-Iran conflict escalates, impacting crude oil prices, with Iran targeting energy infrastructure.
Gold, silver rates today: Comex gold drops $87/oz; silver falls $5 as US dollar strengthens
Precious metals fell on 11 March as the US dollar gained, making commodities pricier. Gold futures dropped $80 to $5,012 per ounce, while silver fell $4.67 to $79.64. Rising energy prices and inflation concerns complicate potential Federal Reserve rate cuts amid ongoing Middle East tensions.
Adani Energy Solutions raises $500 million from Apollo Global through dollar bonds
The capital will be used to refinance $500 million of a subsidiary's bonds that are maturing in early August. These bonds were issued in 2016 with a 4% coupon, according to data from Bloomberg.
Adani Energy raises $500 million bilateral debt from Apollo
A unit of Adani Group raised about $500 million through a bond privately placed with funds managed by Apollo Global Management Inc., according to people familiar with the matter, highlighting the Indian conglomerate’s ongoing effort to tap funding outside the public dollar bond market.
Silver rate today fell on stronger US dollar as US-Iran war rages, brent crude price crosses $100- Should you buy?
Silver and gold prices fell on March 9 due to a stronger U.S. dollar and rising energy prices, which heightened inflation concerns. MCX Silver dropped 1.3% to ₹2,64,747 per kg, while MCX Gold decreased 1.1% to ₹1,59,826 per 10 gram.
Watch | See long-term upside in gold, expects near-term consolidation, says Christopher Wood
Jefferies Global Head of Equity Strategy Christopher Wood said gold retains strong long-term upside potential despite the possibility of a tactical consolidation phase in the near term. He noted leveraged investors may consider booking profits after recent gains. Wood has set a formal long-term target of $6,000–$6,500 per ounce but said prices could eventually reach $10,000 in US dollar terms. He added that gold remains his preferred asset over silver, energy or copper for long-term allocation.
New era of trade volatility: What the court’s decision and Trump’s tariff pivot mean for commodities
The U.S. Supreme Court blocked Donald Trump’s sweeping tariffs under IEEPA, but his swift 15% global levy revived uncertainty. The ruling jolted global trade dynamics, pressured the dollar, lifted gold and silver, and heightened volatility across energy and base metals markets.
Crude shock for D-Street on fresh US-Iran tensions
Indian stock markets experienced a sharp decline on Thursday. This downturn was driven by escalating tensions between the US and Iran, which pushed Brent crude oil prices above $71 a barrel. The Indian economy's reliance on oil imports makes it vulnerable to such price hikes. The Indian Rupee also weakened against the US Dollar.
Live: Brent Hits $95 After US-Iran Escalation | Gold Slides | Nifty Set for Cautious Open| Opening Bell
Wall Street heads into the opening bell under pressure after a sharp selloff on Wednesday, with all three major U.S. indexes falling more than 1%. Technology and semiconductor stocks remained weak, while escalating tensions in the Middle East added another layer of uncertainty for investors. The Dow Jones Industrial Average tumbled 953 points (-1.87%) to 49,918.78, the S&P 500 dropped 119.66 points (-1.62%) to 7,266.99, and the Nasdaq Composite slid 509.32 points (-1.98%) to 25,169.50. Investor sentiment remains cautious as markets assess the implications of fresh U.S. strikes on Iran and Iran's announcement of the closure of the Strait of Hormuz. The developments have pushed oil prices sharply higher, raising concerns that elevated energy costs could fuel inflation and keep interest rates higher for longer. The U.S. dollar traded cautiously as investors balanced geopolitical risks against the Federal Reserve's rate outlook. Meanwhile, gold extended its decline, hitting a more than six-month low as rising oil prices and inflation fears dampened expectations for near-term monetary easing. Markets are expected to remain highly sensitive to geopolitical headlines, energy price movements, and interest-rate expectations as trading gets underway.