Business news

Sensex rises 340 points, Nifty above 25,400 as auto, bank stocks lead gains

After 117 Years, Calcutta Stock Exchange Set to Exit Stock Market Operations

But the exchange faced a serious setback after the 2001 Ketan Parekh scam, which caused a payment crisis when many brokers failed to meet settlement obligations. This shook investor confidence and slowly pushed the exchange into decline.

1 day ago

Tax Relief: Government Extends GSTR-3B Filing Due Date to October 25

The deadline extension was widely expected this time, as the original due date, October 20, falls during the Diwali festival, when businesses and offices are usually closed or operating with limited staff.

1 day ago

US tariffs, trade deal talks, Q2 results likely to drive market sentiment next week

Market Watch: Q2 Earnings, US Tariffs and Trade Talks to Set the Tone Next Week

Union Commerce Minister Piyush Goyal recently said that discussions on the proposed India-US bilateral trade agreement are progressing rapidly and in a positive atmosphere.

1 day ago

Happy Diwali 2025: Foreign Investors Turn Buyers in Indian Market amid Festive Cheer

"The principal reason for this change in FII strategy is the reduced valuation differential between India and other markets. India's underperformance during the last one year has opened up prospects for better performance, going forward," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd.

1 day ago

Gold prices touch new high on Dhanteras amid strong festive demand

Happy Diwali 2025: From Gold, cars to Gadgets, India Witnesses Record-Breaking Festive Season Sales

On Dhanteras, the All India Gem and Jewellery Domestic Council (GJC) reported a surge in gold and silver purchases following a sharp price correction. "We expect festive sales to cross Rs 50,000 crore. Despite high gold and silver prices, consumer sentiment is strong, driven by strategic buying and early wedding purchases," according to Rajesh Rokde, Chairman, GJC.

1 day ago

IndusInd Bank denies reports of CEO replacement

IndusInd Bank Reports First Net Loss in Q2 Amid CEO Changes

IndusInd Bank faces challenges with financial stability and loan book, sees decline in net interest income.

1 day ago

Yes Bank's Q2 net profit drops 18 pc sequentially to Rs 654 crore

However, the bank's net profit for the July-September period jumped 18 per cent year-on-year (YoY) from Rs 553.04 crore in Q2 FY25. Meanwhile, its total expenditure for the period stood at Rs 7,726.6 crore, down over 3 per cent from Rs 7,990.07 crore in the April-June period (Q1 FY26).

2 days ago

Nifty, Sensex surge over 2 pc this week amid renewed hopes of US-India trade deal

The sentiment remained upbeat as Bank Nifty achieved a new milestone, driven by robust buying interest in leading banking stocks. Investor confidence was buoyed by easing concerns around asset quality in the financial sector and expectations of improved volume growth in the festive quarter.

2 days ago

Gold, silver hit record highs as global uncertainty fuels demand

Gold may touch Rs 1.5 lakh per 10 grams by 2026: Report

Gold prices have skyrocketed since March 2025, rising from $3,000 an ounce to around $4,254. In India, prices increased from Rs.78,840 per 10 grammes on Dhanteras 2024 to Rs.128,200 currently.

3 days ago

Sensex and Nifty open flat as market prepares for Q1 FY26 earnings season

Sensex, Nifty hit 52-week high ahead of Diwali

At the close, the Sensex stood at 83,952.19, up 484.53 points or 0.58 per cent, while the Nifty ended at 25,709.85, up 124.55 points or 0.49 per cent.

3 days ago

Stock market ends lower as IT, auto and banking shares fall

Markets open lower as investors react to Q2 results; IT stocks drag

At 9:20 AM, the Sensex was trading at 83,365, down 103 points or 0.12 per cent, while the Nifty slipped 33 points or 0.13 per cent to 25,552.

3 days ago

Gold, silver hit record highs as global uncertainty fuels demand

In India, demand for gold remains strong despite the soaring prices. Analysts said that customers are buying more gold fearing prices may rise further.

3 days ago

Equities beat gold in long-term returns, capital protection: Report

A study by investment management firm OmniScience Capital revealed that Nifty50 has historically provided better average returns for holding periods of three years or more, along with a significantly higher likelihood of capital protection.

4 days ago

Stock market snaps three-day rally; IT stocks fall, Adani Group's shares rise

FIIs return to Indian markets, pump in over Rs 10,000 crore in October

The sudden shift in foreign fund flows has surprised many market watchers. Some analysts see this as a short-term rebound, while others believe it reflects improving corporate earnings prospects and stabilising economic conditions in India.

4 days ago

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

Gold hits record high as investors seek safe haven amid global uncertainty

In the morning trade, gold futures on MCX were trading 0.60 per cent higher at Rs 1,27,960 per 10 grams, while silver futures were up 1 per cent at Rs 1,63,812 per kg.

4 days ago