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Asian markets were cautious as Gulf hostilities kept oil prices high. The Trump administration plans a coalition to escort ships through the Strait of Hormuz.

Gold and silver prices fell on March 16 due to a stronger US dollar and cautious investor sentiment. Gold futures dropped $56.70 to $5,005 per ounce, and silver fell $1.738 to $79.605 per ounce.

The Centre currently holds a 45.48% stake in IDBI Bank, while Life Insurance Corporation of India (LIC) owns another 49.24%.

The International Energy Agency said that the supply of emergency barrels from reserves of Asian member countries will begin immediately, while those from the Europe and Americas will begin by the end of March.

According to the BofA analyst, the bigger risk to US stocks comes from earnings, due to the rising oil prices and tightening financial conditions, and not inflation.

The Aditya Birla Group-owned metals producer declared force majeure to all of its extruded aluminium customers on March 11, the notice showed.

The Haryana-based company’s public offer will comprise a fresh issue of equity shares entirely, with no offer-for-sale (OFS) component.

But selling may not be the biggest concern right now. The bigger problem could be the lack of buyers. A brokerage report says markets may be entering a “no-buyer phase”, often the stage before the final shake-out of a correction.

Stocks still have a long way to go before selling pressure stemming from the Middle East conflict subsides, according to Wolfe Research.

Stephen Weiss, chief investment officer at Short Hills Capital Partners, says this is not the time to be trading the market.