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AI-driven volatility is expected to remain a key force in shaping U.S. market sentiment this week as investors weigh AI profitability concerns, tech stock swings, and shifting Fed rate-cut expectations.
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Silver futures on MCX hit a new record on Monday, with March 2026 contracts touching ₹1,78,649 per kg. The surge follows strong recent momentum and aligns with global gains driven by Fed rate-cut expectations, dollar weakness, and rising safe-haven demand.
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The Indian rupee hit a record low against the U.S. dollar on Monday, falling to 89.7575 and nearing the 90 level. Traders reported that the central bank likely intervened to support the currency, with one describing the intervention as “mild for now”.
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Meesho, India’s largest e-commerce platform by orders, is preparing for its IPO. The company has achieved significant growth by focusing on value shoppers in smaller Indian towns. Despite this success, Meesho continues to report substantial losses. Investors are weighing these losses against the company’s strong market position and future growth potential.
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Hindustan Zinc shares rose on Monday, marking a fifth consecutive day of gains, driven by record-high silver prices and robust investor interest. As India’s sole listed silver producer, the company stands to benefit from industrial demand, Fed rate cut expectations, and untapped valuation potential relative to global peers.
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