Saturday, March 07
Silver prices soared to an unprecedented all-time high of $100 an ounce on Friday, driven by investor demand for safe-haven assets amidst US policy uncertainty. The precious metal's surge is also attributed to its industrial applications and tight supply, with gold also trading near record levels.
Stock market today: Indian equity benchmarks, Nifty50 and BSE Sensex, opened flat in trade on Friday. While Nifty50 was near 25,250, BSE Sensex was down 50 points. At 9:17 AM, Nifty50 was trading at 25,263.15, down 27 points or 0.11%.
It needs to be seen if SEBI, having generally recognised that family trust transfers made purely for succession purposes do not undermine investor protection, codifies the position by including in-laws
The Indian rupee hit an all-time low of 92 against the US dollar on Friday, pressured by foreign fund selling, weak domestic equities, and global risk aversion. It recovered slightly to close at 91.88, reflecting persistent FII outflows and global uncertainties. Rising crude oil prices and US treasury yields also contributed to the decline.
Stock market crash: Sensex and Nifty have fallen nearly 1% on Friday amid broad-based selling, a record-low rupee and persistent foreign outflows, dragging market sentiment despite supportive global cues.
