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Mumbai, India | March 31, 2026
Indian stock markets remained closed on Tuesday due to the Mahavir Jayanti holiday. Trading stayed suspended on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Trading Halt Across Segments
In addition, the Multi-Commodity Exchange (MCX) paused trading during the morning session. However, it will resume operations in the evening between 5 pm and 11:30 pm.
Asian Markets Show Mixed Trends
Meanwhile, Asian markets delivered mixed signals. Japan’s Nikkei 225 declined by 0.83%, while Hong Kong’s Hang Seng index slipped by 0.37%. South Korea’s KOSPI also dropped sharply by 3%.
On the other hand, Singapore’s Straits Times index posted a modest gain of 0.31%.
Crude Oil Remains Elevated
In the commodities market, Brent crude oil stayed above $107 per barrel despite a slight pullback. Earlier, prices had surged close to $114, driven by supply concerns linked to ongoing geopolitical tensions.
Gold and Silver Rebound
At the same time, gold prices recovered from recent declines. 24-carat gold traded at ₹1,47,450 per 10 grams. Silver also moved higher, reaching ₹2,29,033 per kg.
Global Market Performance
Overnight, US markets showed a mixed trend. The Dow Jones edged up by 0.11%, while the S&P 500 and Nasdaq declined by 0.39% and 0.73%, respectively.
In contrast, European markets closed in positive territory. The UK’s FTSE rose by 1.59%, while France’s CAC 40 and Germany’s DAX also posted solid gains.
Previous Session Decline in India
Earlier on Monday, Indian markets witnessed a sharp fall. The BSE Sensex dropped 2.22% to close at 71,947.55 points. Similarly, the NSE Nifty 50 fell 2.14% to settle at 22,331.40 points.
Market Outlook
Market sentiment remains under pressure due to the ongoing West Asia conflict. Rising crude oil prices continue to raise inflation concerns.
Moreover, higher energy costs may push central banks toward tighter monetary policies. This could impact global liquidity and economic growth.
India faces added pressure as it depends heavily on energy imports. The surge in oil prices has increased the import bill and added strain to the economy.
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