Gold, silver hit record highs as global uncertainty fuels demand

Gold, silver continue to touch new highs as US dollar weakens

MCX gold February futures rose 1.48 per cent to Rs 1,58,343 per 10 grams. Meanwhile, MCX silver March futures rose 6.56 per cent to Rs 3,56,670 per kg. Earlier in the day, gold had peaked to Rs 1,59,820 per 10 grams, up 2.4 per cent, before profit-booking eased the price level. 2 days ago
Increase in standard deduction, ease of doing biz among top budget expectations

Union Budget, Fed meeting and earnings likely to drive stock market next week

The Union Budget, to be presented on February 1, will be closely watched for tax changes, spending plans, and growth-boosting measures that could set the market's near-term direction. Globally, the US Fed's policy meeting is expected to keep rates unchanged, but guidance on future rate moves could influence sentiment. 4 days ago
RBI may cut rates further if India-US trade deal is delayed: Goldman Sachs

RBI may cut rates further if India-US trade deal is delayed: Goldman Sachs

The brokerage noted that recovery in mass consumption—especially in rural areas and lower-income urban households—is still at an early stage, supported by a good crop cycle, state welfare transfers, and GST cuts. However, consumption trends are uneven, with affluent and middle-income groups showing signs of slowing due to job concerns and AI-related disruptions. 4 days ago
Indian stock market opens lower, IT stocks lead losses

Why stock markets often trade lower ahead of Union Budgets

Stock markets often trade lower ahead of the Union Budget due to heightened uncertainty and fears of policy surprises, with data from 2010–2022 showing negative average returns for Nifty in the week before the Budget. Volatility typically peaks on Budget day, though markets tend to rebound afterward, posting an average gain of 1.36 per cent in the following week. 4 days ago
Sensex, Nifty open lower over weak global cues, FII selling

Sensex, Nifty close sharply lower amid sustained FII outflows

At the closing bell, the Sensex lost 769 points, or 0.94 per cent to settle at 81,537. The Nifty declined 241 points, or 0.95 per cent, to close at 25,048. The broader markets posted stronger losses than the benchmark indices as Nifty Midcap 100 index lost 1.95 per cent, while the NSE Smallcap 100 declined 2.06 per cent. 6 days ago
The company had already cut 14,000 jobs in October last year, and the upcoming round is expected to be of a similar scale. While Amazon earlier linked the job cuts to AI adoption, CEO Andy Jassy later said the move was more about reducing bureaucracy and

Amazon's 2nd round of 30,000-job cut plan likely next week: Report

The company had already cut 14,000 jobs in October last year, and the upcoming round is expected to be of a similar scale. While Amazon earlier linked the job cuts to AI adoption, CEO Andy Jassy later said the move was more about reducing bureaucracy and improving company culture rather than financial pressure or AI alone. 6 days ago