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Gold prices slightly decreased as President Trump indicated flexibility on tariffs and a Federal Reserve official projected cautious interest rate cuts this year. Meanwhile, funds investing in gold miners saw significant inflows. Investors await the Fed s preferred inflation measure, the PCE index, due on Friday. Silver, platinum, and palladium also experienced minor declines.

The dollar climbed to a three-week high on the yen and was strong across various currencies, driven by positive U.S. services data and hopes for tariff reductions. President Trump suggested not all tariffs would be introduced on April 2, bringing cautious optimism about U.S. growth and market conditions.

The Bank of Japan raised short-term interest rates to 0.5%, the highest in 17 years, citing rising wages and stable inflation around its 2% target. Policymakers discussed continuing monetary tightening if economic conditions warrant it. However, concerns remain about global economic uncertainty, particularly due to U.S. tariffs, affecting the timing of further rate hikes.

Nasdaq records its third-biggest gain this year as investors respond positively to potential easing of Trump s tariff plans and rising U.S. business activity. The S&P 500 saw all sectors rise, with consumer cyclicals leading. Despite some trade war concerns, optimism drives the market, led by a significant surge in Tesla shares.

The SME IPO of ATC Energies System opens today with a price band of Rs 112-118 per equity share. The company aims to raise up to Rs 63.76 crore. The IPO includes fresh and offer for sale equity shares. Proceeds will be used for various purposes, including repayment of borrowings and factory upgrades.

Oil prices remained steady as investors weighed U.S. tariffs on Venezuelan oil and gas against potential economic impacts on global oil demand. Brent crude and U.S. West Texas Intermediate both saw slight increases. The market remains cautious amid U.S. sanctions on Iran and Venezuela, while OPEC+ plans to raise oil output amidst ongoing Ukraine peace talks.

Discussing Bank Nifty, Aditya Arora said, “I maintain very positive bias on the banking index. Maybe 51,700 is the hurdle for the Bank Nifty for the day (Monday)… but going forward, I think that uptrend has just started, the rally has just started and party has just begun.”

The hotel industry is experiencing a robust recovery with increased occupancy due to major events, a weaker rupee attracting international tourists, and rising leisure travel. Analysts predict continued growth supported by rising average room rates, improved margins, and strong Q4FY25 expectations, despite recent stock corrections.

The NSE Nifty rose 307.95 points or 1.32% to close at 23,658.35. The BSE Sensex rose 1,078.87 points or 1.4% to end at 77,984.38. Both indices are up 5.1% in the six trading sessions. "Monday s upside was due to a combination of short covering, and expectations of some relaxation or less punitive tariffs which were supposed to be implemented on April 2," said Pankaj Pandey, head of retail research at ICICI Direct.

The Sebi board meeting on Monday also approved proposals to ease the compliance burden on foreign portfolio investors (FPIs) and rules on the appointment of key personnel at stock exchanges, clearing firms and depositories.