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Stock mkts on the edge; bullion prices set to surge
Financial Express Pune
|March 02, 2026
RISK-OFF SENTIMENT
THE ESCALATING CONFLICT in West Asia is expected to hurt Indian stock markets which have already been bruised due to tariffs, believe experts. While the likelihood of a prolonged, full-scale conflict remains uncertain, the situation continues to be marked by fragile ceasefire efforts and persistent strategic tensions. Experts believe that markets are set for a gap-down opening on Monday, while gold and silver prices are likely to rise.
Nilesh Shah, managing director, Kotak Mutual Fund, believes that a quick end to the conflict will see a limited impact, but a prolonged one will have an adverse fallout. “The Street will watch carefully prices of oil and gas as well as their availability.”
For India, a country heavily dependent on crude oil imports, the immediate fallout will be mounting inflationary pressures, driven by surging energy prices. Higher import bills could widen the current account deficit and place additional strain on the fiscal deficit, particularly through increased subsidy commitments.
This story is from the March 02, 2026 edition of Financial Express Pune.
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