Markets Daily India

Gold’s Fading Appeal May Drive Investors Toward Bargain Indian Stocks

MSCI India gauge is at its cheapest valuation since late 2023.

Statues outside the National Stock Exchange (NSE) building in Mumbai, India.Photographer: Dhiraj Singh/Bloomberg

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By Chiranjivi Chakraborty and Ashutosh Joshi

March 11, 2026 at 2:46 AM UTC

This article is for subscribers only.

Good morning...

I’m Chiranjivi Chakraborty in Mumbai, with a fast read on the key things you need to know before the start of trading.

Volatility is becoming the norm as swings in energy markets and mixed messages from the Trump administration keep investors on edge. Oil fluctuated after the International Energy Agency proposed the largest release of reserves in its history to cool prices. The news boosted Asian stocks early on Wednesday, and could buoy the Nifty 50 Index, which snapped a two-day losing streak in the previous session. Still, the relief may prove fragile given an uncertain outlook for oil. Reliance shares will be in the spotlight after President Trump announced that the US will get its first oil refinery in 50 years with investment from India’s most-valuable company. Also in focus will be InterGlobe Aviation after CEO Pieter Elbers’ abrupt resignation late Tuesday.

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