
Sensex Nifty Today | Stock Market Live Updates: The Indian domestic indices, Sensex and Nifty, started the Monday trading session on a positive note, with both benchmarks trading in the green. Asian markets are also trading higher, with key indices in Japan and South Korea opening on a positive note.
Key things to watch out –
Gold prices: Gold prices held strong after crossing the $3,000 mark for the first time last week. This was the 13th record high this year as investors turned to the metal as a safe-haven asset. Growing trade war tensions and new tariffs imposed by President Donald Trump have fuelled market uncertainty.
US Markets bounce back: Wall Street saw a strong rebound on Friday after a weak start to the week. The Dow Jones jumped over 670 points, while the S&P 500 and Nasdaq surged more than 2%.
Fed meeting in focus: The US Federal Reserve is set to kick off its two-day FOMC meeting on March 18. The central bank is expected to hold interest rates steady after cutting them by 100 basis points since last September. Fed Chair Jerome Powell has cautioned that rising tariffs could make inflation harder to control. The policy decision will be announced on March 19.
Crude Oil rises amid tensions: Oil prices climbed over 1% after the US vowed to continue strikes against Yemen’s Houthis. The Iran-backed group has been targeting shipping routes, raising supply concerns. Brent crude and WTI crude both gained over a dollar per barrel.
Share market today live updates: Gold price outlook
“Gold prices rose to an all-time high last week breaking though the key $3,000 level with the safe haven supported by President Donald Trump’s fresh tariff threats, while soft U.S. inflation prints further aided sentiment. This supported silver as well, which marked an all time high on domestic front, breaching Rs. 1 lakh. Escalating trade tensions and economic indicators led to a more than 3% rally in both Gold and Silver last week President Donald Trump threatened 200% tariffs on European alcoholic beverages, including wines and champagnes, in retaliation to the European Union’s decision to impose a 50% levy on American whiskey,” said Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd.