Business news

Gold prices rise to 3-month high on back of safe-haven demand

Gold, silver prices ease on MCX amid profit booking

"MCX Gold has extended its up-move and created a fresh high near Rs 1,31,400, and is now approaching its lifetime resistance zone at Rs 1,32,294, which continues to act as a key breakout hurdle," experts said.

14 hours ago

Sensex, Nifty end lower amid volatile trade

Sensex, Nifty settle lower amid weakening rupee, FII outflow

Sensex closed at 85,106.81, down 31.46 points. Sensex started the session flat at 85,150.64 against last day's closing of 85,138.27. The 30-share index remained volatile during the trading hours amid selling in auto and FMCG heavyweights and buying in IT and banking stocks. The index touched an intraday high at 85,269.68 and a low at 84,763.64.

1 day ago

Gold, silver see strong upswing; Fed decision in focus

MCX gold surges as global markets support rally

Silver also started strong, rising 1.21 per cent to Rs 1,83,799 per kg from Tuesday's close of Rs 1,81,601. During early trade, gold was trading even higher at Rs 1,30,641, up Rs 882 or 0.68 per cent, while silver climbed to Rs 1,84,153 per kg, gaining Rs 2,552 or 1.41 per cent.

1 day ago

Sensex, Nifty open flat as IT and pharma gain

The Sensex inched up by just 12 points to 85,151, while the Nifty slipped 18 points to 26,014.The Nifty MidCap index managed to rise 0.02 per cent, while the Nifty SmallCap index gained 0.08 per cent after erasing early losses.

1 day ago

No proposal for merger or disinvestment of public sector banks: Govt

Reports were claiming that the government is working on a PSB consolidation blueprint that could reduce the number of state-owned lenders from 12 to just four in FY27. The proposal reportedly planned to strengthen balance sheets, improve operational efficiency and create globally competitive banking institutions.

2 days ago

India's annual corporate tax collection jumps over 200 per cent in 4 years

Consequently, net profit margin surpassed its pre-Covid level. During post-Covid period, with a sharp rebound in sales growth led by pent-up demand, corporates' profit increased significantly from Rs. 2.5 lakh crore in 2020-21 to Rs. 7.1 lakh crore during 2024-25.

2 days ago

Indian stock market settles lower amid profit booking, FII selling

Sensex settled at 85,138.27, down 503.63 points or 0.59 per cent. The 30-share index started the session lower at 85,325.51 against last session's closing of 85,641.90. The index declined further amid selling in banking, IT, and other heavyweights, touching an intra-day low at 85,053.0.

2 days ago

Sensex, Nifty end lower over monthly Futures and Options expiry

Sensex, Nifty recover from early fall as profit booking keeps markets volatile

The Sensex was trading at around 85,508, down 134 points or 0.16 per cent, while the Nifty slipped 31 points or 0.12 per cent to 26,145. "The Nifty's positional trend remains bullish, with strong support at the 26000-26050 zone. On the higher side, 26300 could offer resistance on a closing basis," market watchers added.

2 days ago

GST reforms have reduced the tax burden on people: Nirmala Sitharaman

No proposal to merge DA with basic salary, Finance Ministry clarifies

With increasing speculation over the 8th Central Pay Commission, the Centre has clarified that no proposal is at present under consideration to give any interim relief to the central government employees. While replying to a written query in the Lok Sabha, Minister of State for Finance, Pankaj Chaudhary, said the Centre is not examining any plan to merge the existing dearness allowance with basic pay.

3 days ago

What is Health Insurance and Why Every Indian Needs It Today?

Health insurance is no longer an option but a necessity in today's India, where medical costs are rising faster than general inflation.

3 days ago

India records fastest growth in six quarters defying US tariff pressures: Report

Even as the tariffs dented shipments to America, total merchandise and services exports rose 5 to 6 per cent in the quarter, due to export diversification and robust policy, a report by India Narrative said.

3 days ago

Jan 1, 1970

Indian stock market opens in red, IT stocks drag

Markets slip ahead of RBI policy meet; Sensex, Nifty end marginally lower

Sensex closed at 85,641.90, down 64.77 or 0.08 per cent. The 30-share index opened with a decent gap-up at 86,065.92 against the last session's closing of 85,706.67. The index, however, did not hold the gaining momentum amid a cautious approach from investors.

3 days ago

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Sensex, Nifty open at record high over strong Q2 GDP growth

As of 9.30 am, the Sensex advanced 291 points, or 0.34 per cent at 85,997 and the Nifty added 86 points, or 0.33 per cent to 26,289.The broadcap indices performed in line with the benchmarks, with the Nifty Midcap 100 up 0.28 per cent and the Nifty Smallcap 100 adding 0.58 per cent.

3 days ago

Sensex projected to touch 94,000 by 2026 end, worst is over for Indian equities: Report

Optimistic stock market, impressive GDP numbers warrant change in FII strategy

The Q2 GDP growth at 8.2 per cent has surpassed all estimates by a wide margin. This smart pick up in growth despite US President Donald Trump tariffs indicates a robust economy which can deliver around 7.2 per cent growth in FY26.

4 days ago