Markets

ED arrests Reliance Power CFO Ashok Kumar Pal in money laundering case

On June 13 this year, SBI tagged the loan accounts of Reliance Communications (RCom) and its promoter, Anil Ambani, as fraudulent. The bank cited diversion of funds, breach of covenants and related-party transactions as the reasons behind its decision, approaching the Central Bureau of Investigation (CBI) for action.

11 hours ago

Karva Chauth 2025: GST 2.0 Booster Drives Sales Surge to ₹28,000 Crore

Karva Chauth 2025: GST 2.0 booster drives sales surge to Rs 28,000 crore

Member of Parliament from Chandni Chowk and CAIT Secretary General, Praveen Khandelwal, said that based on the heavy consumer rush seen on Thursday and Friday, along with feedback from across the country, total business on Karva Chauth is expected to reach about Rs 28,000 crore nationwide and around Rs 8,000 crore in Delhi alone.

12 hours ago

Stock market continues positive momentum ahead of Fed rate cut, bank stocks jump

Stocks end week on a high note; Banks, IT and pharmaceuticals lead gains

Investors' sentiment remained firm toward banking stocks during the period, buoyed by the RBI monetary committee decision to keep the repo rate unchanged at 5.5 per cent, and it improved further after the government invited private sector professionals to lead the State Bank of India.

12 hours ago

India's IPO market poised to raise $20 billion in next 12 months

According to Citigroup, India could be among the world's most active equity capital markets (ECM) alongside Hong Kong over the next year.

1 day ago

Value of gold with India's households surges to $3.8 trillion as prices soar

Gold prices are currently at all-time highs, trading around $4,056 per ounce, with domestic prices also reaching record levels of around Rs 127,300 per 10 gms. Year to date, gold prices have risen by 54.6 per cent in US dollar terms and 61.8 per cent in INR terms, the report states.

1 day ago

Sensex, Nifty end higher ahead of US reciprocal tariffs announcement

Sensex, Nifty end higher for 2nd day; pharma, banking stocks lead rally

The Sensex opened around 100 points lower at 82,075 due to weakness in IT stocks. However, it soon recovered and surged to an intra-day high of 82,654 -- up 579 points.

1 day ago

India Inc. credit ratio rose to 2.56 times in H1FY26: Report

India Inc's revenue expected to grow 9 pc in Q2 FY26: Report

This growth is attributed to strong performance in oil marketing companies (OMC), although it is moderated by challenges in the banking, financial services, and insurance (BFSI) sectors, according to Equirus Securities' forecast for its coverage universe.

1 day ago

Gold, silver prices rise on MCX as weaker US dollar boosts demand

On the MCX, gold December futures were trading 0.38 per cent higher at Rs 1,20,951 per 10 grams, while silver December futures were almost flat during the same time.

1 day ago

Sensex, Nifty open with gains as potential rate cut in US boosts sentiment

Sensex, Nifty edge higher as geopolitical tensions ease

"This encourages us to look for 25460, in the days ahead. For the day, inability to push and float above 25215 or direct fall past 25113, could render the trend sideways, but may not call for a break of 24982 right away," they added.

1 day ago

Indian stock market opens higher, Sensex above 83,400

Stock market ends higher amid buying in IT, pharma and metal stocks

Sensex closed at 82,172.10, up 398.44 points or 0.49 per cent. The 30-share index started the session with a decent gap-up at 81,900.0 against last day's closing of 81,773.66. The index further escalated the momentum to reach the intraday high at 82,247.73 amid buying across the sectors.

2 days ago

Gold and silver prices hit record high this week amid global uncertainty

Why is gold price rising; factors behind record rally explained

Investors lock in profits as gold surpasses $4,000 mark fueled by economic uncertainties, geopolitical tensions, and interest rate expectations.

2 days ago

Indian stock market ends lower amid US tariff jitters, Sensex declines 765 points

Sensex, Nifty open flat with positive bias amid global optimism

On the institutional front, Foreign Institutional Investors (FIIs) extended their buying streak for the second consecutive session on October 8, purchasing equities worth Rs 81 crore, while Domestic Institutional Investors (DIIs) bought equities worth Rs 329 crore on the same day.

2 days ago

SBI working to simplify KYC process: Chairman CS Setty

"Technologically we are ready in terms of models and all, maybe some adjustments are required based on the final guidelines which have been ensured, but more importantly the long transition time which is given, we believe that there will be limited impact on the balance sheets of the banks," he added.

3 days ago

Debit card-based transactions drop 8 pc in Sep as UPI payments surge: RBI data

UPI reaches 500 million consumers, 65 million merchants, says report

The report, launched at the Global Fintech Fest (GFF) 2025 by the National Payments Corporation of India (NPCI) and the Boston Consulting Group (BCG), highlights how India's UPI has set a new global benchmark, accounting for nearly 50 per cent of global real-time payment volumes and 84 per cent of all retail digital payments within the country.

3 days ago

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Sensex, Nifty end lower after volatile trade; IT stocks shine

"The Nifty opened on a firm note but failed to sustain momentum beyond its immediate resistance zone near 25,200, triggering broad-based profit booking and selling pressure across key sectors such as banking, auto, FMCG, and realty," market experts said.

3 days ago