Safe haven no more? Gold, silver sink as crude surge reshapes market bets

Gold and silver prices are down despite geopolitical tensions, with MCX gold futures down 7.52% and silver down 12.87%. Rising oil prices and inflation are key factors.

Gold and silver prices are down despite geopolitical tensions, with MCX gold futures down 7.52% and silver down 12.87%. Rising oil prices and inflation are key factors.

SBI Funds Management, backed by SBI and Amundi, is launching an IPO with a pure offer-for-sale of 20.37 crore shares. SBI will sell 12.8 crore shares, and Amundi 7.5 crore shares.

JSW Cement has opened a new cement plant in Nagaur, Rajasthan, with 2.5 MTPA grinding and 3.3 MTPA clinkerisation capacity. Shares fell 3.24% to ₹114.84 on the NSE.

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Amber Enterprises India Limited announced IL JIN Electronics (India) will raise ₹328 crore via a rights issue. Amber also approved an extra ₹296.02 crore investment in IL JIN.

Bernstein reiterates Apple as outperform, BofA reiterates Micron as buy, Guggenheim initiates ADP as buy, Baird reiterates Tesla as outperform, UBS upgrades Nu Holdings to buy.

HDFC Bank MD and CEO Sashidhar Jagdishan is open to another term amid board exit concerns. Chairman Atanu Chakraborty’s resignation surprised the board.

CNBC-TV18 Exclusive: HDFC Bank CEO Sashidhar Jagdishan said the chairman’s exit was unexpected, denied any friction, and stressed the need for clarity, while assuring investors that the bank’s foundation remains intact.

Thursday’s fall also means that the Nifty has turned negative for the week and could well report its fourth consecutive weekly drop. The index needs to close above 23,151 to report a positive weekly close.

Samvardhana Motherson and Hellmann Worldwide Logistics form a joint venture in Dubai to boost global supply chain capabilities. Shares of Samvardhana Motherson International Ltd ended lower on Thursday, March 19, by 5.12% at ₹111.75 on the NSE.