On the positive side there has been a good union budget (tax rates cut), easing actions by the central bank (rate cuts, liquidity boost, regulatory relaxations), and uptick in government spending. The rally in March was a welcome relief. However, I believe that the markets could remain rangebound in the near term.
Silver climbs Rs 11,500 to a fresh peak on global cues
Silver prices surged by ₹11,500 to a fresh peak of ₹1,92,000 per kilogram in New Delhi, marking the steepest single-day rise in nearly two months.