Mumbai equity markets slumped mid-session, with BSE Sensex down 869.96 points and NSE Nifty falling 251.6 points amid profit booking in realty, power, auto stocks, and rising global crude oil prices
Gold and silver prices plunged sharply as investors booked profits after a historic rally. MCX gold fell over 7% and silver 9%, pressured by higher CME margins, a stronger dollar, and Budget-related expectations, triggering panic unwinding and short-term bearish trends
Gold and silver prices fell in early trade after hitting record highs, as profit booking emerged and the dollar strengthened. MCX silver slid sharply while gold eased, though analysts say the broader trend remains bullish despite short-term overheating concerns persist
The 30-share BSE Sensex dropped 242.01 points to 79,874.48 in early trade, while the NSE Nifty slipped 72.3 points to 24,256.65. This comes after a strong seven-day rally, during which the Sensex surged by 6,269.34 points (8.48%) and the Nifty advanced 1,929.8 points (8.61%).
