Post-Market, 9 March 2026: Rising Oil Prices Spook Markets

Markets saw a deep correction when they opened for trade on Monday. Both frontline indices, Sensex and Nifty 50, tumbled sharply as the escalating tension in the Middle East, resulting in a hike in crude prices, spooked investors. At the closing bell: ​

• The Sensex settled at 77,566.16, down by 1352.74 points

• The Nifty 50 settled at 24,028.45, down by 422.40 points

India VIX also saw a sharp jump as escalating tensions in West Asia took a toll on investors’ sentiments in a big way.

Broader Markets Too Feel The Heat

Not only frontline indices, but even broader markets felt the heat. The Nifty MidCap 100 and Nifty SmallCap 100 indices were down by 1.97% and 2.22%, respectively. The Nifty PSU Bank index ended 3.97% down.

Gold And Silver Prices Open Lower

Gold and silver prices also opened lower on Monday. MCX gold rate for April futures contracts opened 0.6% lower at ₹1,60,651 per 10 grams as against its previous close of ₹1,61,634.

MCX silver price for May futures contracts opened 0.29% lower at ₹2,67,497 per kilogram as against its previous close of ₹2,68,285. At 15.41 pm, MCX gold rate stood at ₹160,939 per 10 grams, while MCX silver prices stood at ₹264,946 per kg.

Also Read - Dutch–China Chip Dispute May Hit Global Supply

What Does It Mean For Investors?

Given the prevailing volatility in the Middle East, markets are likely to remain volatile even in the coming days. Due to this, investors and traders are likely to react cautiously. This could lead to frequent ups and downs in stock markets over the next few days. Until there is more clarity about the ongoing situation, markets may continue to be unpredictable.

Sources

Livemint

Business Standard