Monday, March 09
IndiGo has cancelled 13 flights on Sunday due to forecasted bad weather and operational reasons, impacting major city routes. This follows earlier cancellations due to pilot duty norms and stricter fog operating rules. Air India also warned of potential disruptions in northern India due to dense fog.
Indian Railways' Gross Budgetary Support (GBS) for FY26-27 is expected to remain stable, with current allocations sufficient for infrastructure upgrades. While overall GBS may be steady, internal allocations will be rejigged to prioritize projects like the bullet train, track safety, and decongestion initiatives.
Consumer goods companies are stabilizing operations after GST rate cuts, with supply chains and inventory levels returning to normal. Production has resumed at full capacity as firms rebuild stock to meet anticipated demand. Executives expect a demand recovery and sales growth from the next quarter onwards.
Gold, silver, and platinum have shattered previous records, reaching unprecedented highs. This surge is fueled by strong speculative interest, anticipated US interest rate cuts, and escalating geopolitical tensions. Silver notably surpassed $75 per ounce, with both precious and industrial metals experiencing significant gains amid global economic and political uncertainty.
Stock market today: Nifty50 ended the day at 26,042.30, down 100 points or 0.38%. BSE Sensex closed at 85,041.45, down 367 points or 0.43% after slipping to an intraday low of 84,937.82.
Gold and silver can continue to play a useful role in portfolios in 2026. But investors should guard against the mistake of extrapolating recent returns too far into the future.
Precious metals, gold and silver, have reached record highs. Investors are buying bullion due to anticipated US interest rate cuts and increasing global unrest. Silver has seen a significant surge, surpassing the $75 per ounce mark, while gold also touched a historic milestone. Experts predict the rally could continue into early 2026.
