Indian Stock Market Update

The Indian stock market is expected to extend losses on Friday, March 13, following heavy selling in global equities. The prolonged US-Iran war and surge in crude oil prices are driving investors away from risky assets.

Market Trends

The Gift Nifty, which tracks the Nifty futures, is trading at around 23,555, a discount of 173 points from its previous close. This signals a negative start for the frontline indices, Nifty 50 and Sensex, today.

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Global Markets

Asian markets have declined, while the US stock market ended with steep losses overnight. Crude oil prices have jumped near $100 per barrel, contributing to the market volatility.

Economic Indicators

• Crude Oil Prices:
  • Brent crude oil price: $99.73 per barrel (down 0.73%)
  • US West Texas Intermediate (WTI) crude futures: $94.91 per barrel (down 0.86%)
• Gold Prices:
  • Spot gold price: $5,112.34 per ounce (up 0.7%)
  • US gold futures for April delivery: $5,115.80 per ounce (down 0.2%)
• Silver Prices:
  • Spot silver price: $85.03 per ounce (up 1.5%)

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