Bharat Express DD Free Dish

Business

Gold and silver prices declined on MCX as expectations of a US Federal Reserve rate cut weakened and geopolitical tensions in West Asia kept investors cautious.

Global oil prices surged as tensions in West Asia intensified following US strikes on Iran’s Kharg Island and fears of disruptions in the Strait of Hormuz.

Sensex and Nifty opened lower but recovered to trade flat in early session as investors tracked Middle East tensions, crude price risks and FII selling.

India’s aviation regulator, the Directorate General of Civil Aviation, has granted temporary relief in flight duty regulations to Air India.

Investors will watch the upcoming US Federal Reserve policy decision, crude oil prices and geopolitical developments in the Middle East for market direction.

IndiGo plans 252 weekly flights to the Middle East between March 16 and 28 while adjusting operations amid geopolitical risks.

Akasa Air introduces a fuel surcharge of up to Rs 1,300 from March 15 after rising aviation fuel prices amid tensions.

Gold fell 0.73% this week on profit booking and a stronger dollar, with geopolitical tensions and inflation supporting demand.

Indian equity benchmarks fell nearly 6% this week as rising crude prices and geopolitical tensions in West Asia triggered heavy selling across sectors.

Indian stock markets closed sharply lower as escalating tensions involving the United States and Iran weighed on investor sentiment, dragging Sensex and Nifty deep into negative territory.