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USD 2 trillion wiped out in few hours amid sharp fall in gold and silver, full details here
23
Mar
By The Press Editor
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Business

USD 2 trillion wiped out in few hours amid sharp fall in gold and silver, full details here

New Delhi: Gold and silver, generally considered the safest assets in the global market, have suddenly fallen, shocking investors. Market research firm The Kobeissi Letter has termed it a "rare and historic liquidity shock". In just three hours of fast and volatile trading, nearly USD 2 trillion was wiped off the market value of precious metals. Surprisingly, this fall came at a time when crude oil prices were cooling, and US stock market futures were in the green, whereas gold and silver usually rise in a war environment. Major reasons for the decline Bond yields surge: The US 10-year…
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Global crude prices plunge 14% after Trump halts strikes on Iran’s power plants
23
Mar
By The Press Editor
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Business

Global crude prices plunge 14% after Trump halts strikes on Iran’s power plants

Washington: Global crude prices plunged as much as 14 per cent on Monday after rising one per cent earlier in the day, following US President Donald Trump's statement that he has directed the American military to hold off strikes on Iranian power plants and energy infrastructure for at least five days. The development comes, Trump said, after the two sides held "productive" and "very good" talks for the past couple of days. "Based On The Tenor And Tone Of These In Depth, Detailed, And Constructive Conversations, Witch Will Continue Throughout The Week, I Have Instructed The Department Of War To…
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Sensex sinks 1,836.57 points, Nifty ends near 22,500, investors lose 13.74 lakh crore
23
Mar
By The Press Editor
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Business

Sensex sinks 1,836.57 points, Nifty ends near 22,500, investors lose 13.74 lakh crore

Mumbai: Amid ongoing tensions in the Middle East, the domestic stock market continues to decline sharply. On the first day of the week, the Indian stock market fell by 2.5 per cent. While the BSE Sensex closed at 72,696.39 points with a decline of 1836.57 points (2.46 per cent), the NSE Nifty 50 index fell by 601.85 points (2.60 per cent) to close at 22,512.65 points - its lowest level since April 9, 2025. This fall has led to the loss of 13.74 lakh crore. During the day, the Sensex touched a low of 72,558.44, representing a fall of 1,974.52…
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Gold logs its worst week in over 40 years, is the worst over yet? Here’s what investors must know
23
Mar
By The Press Editor
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Business

Gold logs its worst week in over 40 years, is the worst over yet? Here’s what investors must know

Mumbai: Gold prices tumbled over 6 per cent on Monday, March 23, 2026, reaching their weakest level this year as the precious metal has witnessed its worst week in over 40 years, with the spot gold price dropping to USD 4,215.18 per ounce with a fall of 6.18 per cent, its lowest since December 11. The precious metal, which once touched an all-time high of USD 5,595.51, has been under pressure due to the ongoing war between the US, Israel, and Iran. Is the worst over yet? According to experts, the broader trend remains bearish, but the ongoing geopolitical tensions…
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India importing energy from 41 countries, holds 53 lakh MT strategic oil reserve: PM Modi
23
Mar
By The Press Editor
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Business

India importing energy from 41 countries, holds 53 lakh MT strategic oil reserve: PM Modi

New Delhi: Amid the ongoing war in the Middle East, triggered by the US and Israel attacks on Iran, Prime Minister Narendra Modi on Monday said that the crisis in West Asia has created a negative impact on the world economy and has also set unprecedented challenges for India too. However, he assured that the government's focus is to ensure that people in India face the least hardship. PM Modi also stressed that the government is making all efforts to ensure smooth petrol and diesel supply across the country.ย  PM Modi said that to ensure the smooth supply, India has…
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SBI Life-backed NBFC stock in focus amid market selloff, check share price and other details
23
Mar
By The Press Editor
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Business

SBI Life-backed NBFC stock in focus amid market selloff, check share price and other details

Mumbai: Amid Mondayโ€™s sharp decline in the stock market, shares of Paisalo Digital Ltd, a small-cap NBFC, came under investor focus as the company, in its latest exchange filing after market hours on Friday, announced that it has received a new credit rating from Brickwork Ratings India Private Limited. This is in addition to the rating from Infomerics Analytics and Research Private Limited for its existing commercial papers (CPs). According to the information shared, the company has been assigned a short-term rating of BWR A1+ for its proposed commercial papers worth Rs 540 crore.ย  Paisalo Digital Share Price The stock…
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Govt withdraws domestic airfare cap, here’s what it means for flyers and airlines: Full details
23
Mar
By The Press Editor
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Business

Govt withdraws domestic airfare cap, here’s what it means for flyers and airlines: Full details

Mumbai: More than three months after imposing temporary caps on domestic airfares, the government has decided to lift the curb. The government had imposed these caps in the wake of the IndiGo flight disruptions in December last year. According to an order issued by the Ministry of Civil Aviation, the removal of airfare caps will be effective from March 23, 2026. The development is significant as it comes at a time when airlines are facing significant operational disruptions on international routes due to the West Asia conflict. In the order, the ministry also said that airlines are required to exercise…
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Gold price falls below Rs 13.7k per gram, silver drops over 6% on MCX | Check city-wise rates
23
Mar
By The Press Editor
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Business

Gold price falls below Rs 13.7k per gram, silver drops over 6% on MCX | Check city-wise rates

Mumbai: Rates of precious metals in futures fell sharply on Monday, March 23, 2026, amid escalating conflict in the Middle East. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a dip of Rs 4.334 or 2.99 per cent at Rs 1,40,158 per 10 grams against the previous close of Rs 1,44,492. It later fell to a low of Rs 1,36,403, a dip of Rs 8,089 or 5.59 per cent. Last seen, it was trading at Rs 1,37,632, down Rs 6,860 or 4.75 per cent. On the MCX, the yellow metal futures for June 2026 were…
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Market Opening Bell: Sensex tumbles 800 points, Nifty below 23,000, rupee hits fresh record low
23
Mar
By The Press Editor
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Business

Market Opening Bell: Sensex tumbles 800 points, Nifty below 23,000, rupee hits fresh record low

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened sharply negative on Monday, March 23, 2026, amid volatility in crude oil prices as global sentiment continues to deteriorate amid escalating geopolitical tensions around the Strait of Hormuz. While the 30-share BSE Sensex tumbled 800.28 points or 1.07 per cent to start the session at 73,732.58, the Nifty shed 290.15 points to open at 22,824.35. In the last trading session, the Sensex closed at 74,532.96 and the Nifty 50 at 23,114.50. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index fell…
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