IBT Business Desk

Articles by IBT Business Desk

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Sensex sheds 508 pts as FMCG, PSU bank stocks drag markets lower

Markets end in red; Sensex drops 508 points, Nifty slips below 23,400

The Sensex declined 508.40 points, or 0.68 per cent, to close at 74,267.34, while the Nifty fell 165.15 points, or 0.7 per cent, to settle at 23,382.60.

1 hour ago

Financial changes kick in from June 1 as UPI transactions hit record highs in May

India's digital payments ecosystem continued its rapid growth. According to NPCI data, UPI transaction volumes rose 24 per cent year-on-year to 23.20 billion in May, while transaction value increased 19 per cent to ₹29.90 lakh crore.

4 hours ago

Global crude oil prices rally up to 3 pc as US-Iran tensions escalate

Commercial LPG Gets Costlier From June 1, Businesses Face Higher Fuel Costs

Commercial LPG cylinder prices have increased across major cities from June 1, raising fuel costs for hotels, restaurants and businesses. However, domestic LPG cylinder rates remain unchanged, providing relief to households. The revised prices for commercial and Free Trade LPG cylinders came into effect immediately.

6 hours ago

Sensex, Nifty trade higher as investors track US-Iran ceasefire developments

Indian Equities Open Higher Despite Rising Oil Prices, Global Uncertainty

Sensex rose nearly 600 points, or 0.8 per cent, to touch an intraday high of 75,367, while the NSE Nifty advanced 185 points, or 0.78 per cent, to trade at 23,733 in early deals.

8 hours ago

Sensex crashes 1,092 points amid US-Iran uncertainty, late sell-off

7 of top 10 firms lose Rs 1.54 trillion in market value last week

During the week, the Sensex fell 639.61 points, or 0.84 per cent, while the Nifty slipped 171.55 points, or 0.72 per cent, as investors remained cautious amid market volatility.

1 day ago

Govt revises fuel export levies for fortnight beginning June 1, domestic rates unchanged

Domestic excise duty rates on petrol and diesel remain unchanged. The revision is based on international crude oil and fuel prices and is part of the windfall tax framework introduced in March 2026 to ensure domestic fuel availability amid the West Asia crisis and volatile global oil markets.

1 day ago

Gold declines 1.36% this week on dollar strength, Fed outlook

Gold prices declined 1.36 per cent this week as a stable US dollar and stronger-than-expected US inflation data strengthened expectations of a possible Federal Reserve interest rate hike later this year. MCX gold futures fell 0.59 per cent

2 days ago

SEBI Flags 1.33 Lakh Manipulative Social Media Posts On Securities Market: Govt

Suzlon Energy fined Rs 15.95 crore as SEBI cracks down on alleged irregularities

Suzlon Energy was fined Rs 15.95 crore, while former executive vice-chairman Vinod R. Tanti, Girish R. Tanti, former CFO Kirti J. Vagadia, and Amit Agarwal were also penalised. SEBI found that a large portion of the sale consideration was not received on time

2 days ago

Rs 6,800 crore stuck in unclaimed bank deposits handed to claimants in last 6 months

The ministry also unveiled a revamped Department of Financial Services website available in 23 regional languages. PSBs reported strong performance in FY 2025-26, with total business reaching ₹283.3 lakh crore and a record net profit of ₹1.98 lakh crore.

2 days ago

RBI expands e-rupee pilots, starts tokenised credit deposit trial

RBI is advancing cross-border CBDC collaborations with Singapore and the UAE, while joining international initiatives to improve digital payment systems. The central bank plans to widen CBDC use cases despite e-rupee circulation remaining relatively low at Rs 1,016 crore as of March 2025.

2 days ago

Sensex crashes 1,092 points amid US-Iran uncertainty, late sell-off

Indian markets tumbled on Friday, with the Sensex dropping 1,092 points and the Nifty falling 359 points amid US-Iran uncertainty and heavy late-session selling. Broader markets also declined, while losses in heavyweight shares such as Reliance Industries and ITC outweighed gains in IT stocks.

3 days ago

Gold, silver decline up to 1 pc amid geopolitical uncertainty

Reports of a possible 60-day extension of the US-Iran ceasefire and renewed talks on Tehran's nuclear programme improved market sentiment, reducing safe-haven demand for precious metals.

3 days ago

Sensex, Nifty trade higher as investors track US-Iran ceasefire developments

The Sensex gained up to 352 points to touch 76,220, while the Nifty rose around 100 points to 24,002. IT stocks led the rally, supported by telecom, healthcare, pharma, and PSU banking sectors.

3 days ago

Crude oil prices jump up to 4 pc on Hormuz tensions, ceasefire doubts

Oil rebounds nearly 4 pc as US-Iran tensions fuel supply fears

Global oil prices rebounded nearly 4 per cent after fresh US military strikes on Iran reignited fears of supply disruptions and uncertainty over the Strait of Hormuz. Brent crude rose to around $97.91 per barrel, while WTI crude climbed close to $92 per barrel.

4 days ago

Gold, silver prices decline amid geopolitical tensions, elevated crude oil prices

Gold and silver prices declined in international markets. Spot gold fell nearly 2 per cent to around $4,369 per ounce, while silver dropped more than 3 per cent.

4 days ago

Eid al-Adha 2026: Is Bakrid on May 27 or 28? Here's Why the Date Changed After Moon Wasn't Sighted

Indian stock markets closed on May 28 for Eid al-Adha

Indian stock markets remained closed on May 28 on account of Eid al-Adha, with trading suspended across the NSE and BSE in equities, derivatives, currency, and securities lending segments. Trading will resume on May 29.

4 days ago

Input costs on fire amid Hormuz closure, CPI inflation faces upward pressure: Report

While manufacturers are facing higher costs for crude oil, gas, copper and aluminium, strong domestic demand may allow companies to pass these costs on to consumers, supporting margins but increasing inflationary pressure.

4 days ago

Bata India Q4 profit slumps 95 pc due to one-time loss

Bata India reported a massive 95.2 per cent decline in consolidated net profit for Q4 FY26, with profit falling to Rs 2.2 crore from Rs 45.9 crore a year ago, mainly due to a one-time loss of Rs 28 crore.

4 days ago

Sensex, Nifty slip amid weakness in banking stocks

BSE Sensex and Nifty 50 closed lower amid rising geopolitical tensions linked to the US-Iran situation. The Sensex fell 141.90 points to settle at 75,867.80, while the Nifty slipped 6.55 points to close at 23,907.15.

5 days ago

Adani Group market cap nears Rs 20 lakh crore as conglomerate adds Rs 5 lakh crore in 2026

Adani Power emerged as the biggest contributor, adding over Rs 2 lakh crore in market value and becoming the group's most valued company with a market cap of Rs 4.79 lakh crore. Adani Ports and Special Economic Zone and Adani Enterprises also recorded strong gains.

5 days ago

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Articles by IBT Business Desk

Markets end in red; Sensex drops 508 points, Nifty slips below 23,400

Financial changes kick in from June 1 as UPI transactions hit record highs in May

Commercial LPG Gets Costlier From June 1, Businesses Face Higher Fuel Costs

Indian Equities Open Higher Despite Rising Oil Prices, Global Uncertainty

7 of top 10 firms lose Rs 1.54 trillion in market value last week

Govt revises fuel export levies for fortnight beginning June 1, domestic rates unchanged

Gold declines 1.36% this week on dollar strength, Fed outlook

Suzlon Energy fined Rs 15.95 crore as SEBI cracks down on alleged irregularities

Rs 6,800 crore stuck in unclaimed bank deposits handed to claimants in last 6 months

RBI expands e-rupee pilots, starts tokenised credit deposit trial

Sensex crashes 1,092 points amid US-Iran uncertainty, late sell-off

Gold, silver decline up to 1 pc amid geopolitical uncertainty

Sensex, Nifty trade higher as investors track US-Iran ceasefire developments

Oil rebounds nearly 4 pc as US-Iran tensions fuel supply fears

Gold, silver prices decline amid geopolitical tensions, elevated crude oil prices

Indian stock markets closed on May 28 for Eid al-Adha

Input costs on fire amid Hormuz closure, CPI inflation faces upward pressure: Report

Bata India Q4 profit slumps 95 pc due to one-time loss

Sensex, Nifty slip amid weakness in banking stocks

Adani Group market cap nears Rs 20 lakh crore as conglomerate adds Rs 5 lakh crore in 2026

Ranveer Singh touches Sanjay Leela Bhansali's feet; Sara Ali Khan, Aditi Rao Hydari radiate in ethnic outfits at reception

Omar lambasts "arrogant" Congress after BJP's historic victory; Mehbooba reacts [details]

BJP leads in 53 seats, crosses majority mark in Chhattisgarh

Ranbir Kapoor's fans burst crackers inside theatres during Animal screening; fans say 'low budget Salman Khan' fans'