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​What we have seen in the past, whenever there is a duty or a safeguard duty which comes in, the very initial uptick in the prices in a certain range of say 1500 to 2500 range and thereafter, even if you see the 2017 era or even after that, whenever there was some or the other announcement, the prices have actually increased in the range of 15% to 20% thereafter.

Gold April futures rose Rs 1,500 this week, while silver May futures fell 0.26%. International markets remained steady ahead of US job data. A weaker dollar supported prices, but rising bond yields limited gains. Analysts predict volatility, with key gold and silver support levels at $2,860 and $32.20 per troy ounce, respectively.

It’s a dramatic turnaround that caught many on Wall Street by surprise. Earlier this year, the Nasdaq had set yet another record, while Chinese stocks remained burdened by years of regulatory crackdowns and a sluggish consumption recovery. Then, seemingly overnight, DeepSeek shattered the belief that it would take years — if it ever did — for China to match America’s AI dominance.

Nuvama initiated coverage on Afcons Infrastructure with a ‘buy’ rating and Rs 535 target, citing strong financials, consistent growth, and a robust order book. The company’s diversified operations, reduced leverage, and expertise in complex projects support long-term revenue visibility.

The Indian market is expected to trade lower on Friday, following muted global cues. Nifty futures closed positively with gains of 0.80%. Options data suggests a trading range between 22,000 to 23,000 levels. Analysts provide stock recommendations for short-term traders, including Axis Bank, Jindal Steel, and Tata Steel, highlighting key targets and stop losses.

Indian government bond yields remained mostly flat, with the 10-year bond yield rising slightly as RBI did not include it in next week s bond purchase. Investors are awaiting U.S. economic data to assess the Federal Reserve s interest rate trajectory. The RBI plans significant bond purchases and liquidity measures to maintain banking system surplus.

The rupee fell 6 paise to 87.18 against the US dollar on Friday due to global trade uncertainties and foreign capital outflow. Despite this, a weaker dollar index and lower crude oil prices prevented a sharp decline. The BSE Sensex dropped 116.64 points and the Nifty decreased by 19.30 points.

Six Nifty500 stocks, including Jindal Saw and Asian Paints, formed a bullish White Marubozu pattern on March 6, signaling strong buying pressure and potential upward momentum, according to StockEdge’s technical scan.

​So, the first phase of the rally could be led by largecaps and then stabilise and then small and midcaps can join in. So, on the largecap side, I would think that companies and the financial, the larger banks like Axis, ICICI, etc, offer value.

Nifty s five-month, 16.4% correction pauses at 21,964 support, with resistance at 22,800 and 23,000. Market consolidation is expected, prompting a short strangle strategy to benefit from range-bound conditions, volatility contraction, and theta decay.