Commodities

Despite recent gains, gold remains down about 20% since the US-Iran conflict began, as higher energy costs prompted central banks to tighten monetary policy.

Q2 FY27 Results Live Updates: Anand Rathi, Can Fin Homes and Poonawalla Fincorp will be among the key earnings announcements to watch.

Broader markets also ended in positive territory. The Nifty Smallcap 100 index closed 0.55% higher, while the Nifty Midcap 100 index settled 1.55% up. The India VIX, which measures expected market volatility, ended 6.03% lower.

Oil Prices Today: Brent crude hovers near $104 a barrel after a 4% surge as Iran attacks tankers in the Strait of Hormuz and Hurricane Isaias disrupts US oil production.

All the sectoral indices witnessed selling, with Nifty Metals, Nifty Realty, Nifty Pharma, Nifty Oil & Gas, Nifty Auto and Nifty FMCG indices falling the most.

ITC In Focus: The block deal comes at a time when ITC's cigarette business is also in focus following another round of price increases across select brands.

Vedanta Dividend: The interim dividend of Rs 5 per share has been declared on the company's equity shares with a face value of Rs 1 each.

While there is a credible long-term case for silver, anyone buying it should be prepared for a "bumpier ride", said Max Baecker, president of American Hartford Gold.

Senco Gold also projects 'strong seasonal demand' for the third quarter of financial year 2026-27.

Max Baecker, president of American Hartford Gold, cautioned against the instinct to assign universal price levels for buying the dip or booking profits.

Individually, Titan, Asian Paints and BEL were top drags on 30-share BSE Sensex index. On the flipside, Kotak Mahindra Bank, Bharti Airtel and ICICI Bank were top gainers.

Gold's recent correction has already been substantial. From the January 28 record of $5,589, spot gold is down around 26%, while the metal is hovering just above the $4,110.55 seven-week low.