IBT Business Desk

Articles by IBT Business Desk

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1 more repo rate cut by RBI likely in MPC review in December: Economists

1 more repo rate cut by RBI likely in MPC review in December: Economists

Several major GST-affected categories did not show full transmission in October which implies further spillover into November. Nov CPI is currently tracking 0.9 per cent, with a downside due to GST spillover. FY26E headline CPI is now less than 2 per cent, implying further downside of 50 bps to RBI's forecast of 2.6 per cent. 10 days ago
Sensex, Nifty snap 6-day winning streak amid US-China trade probe concerns

Indian stock market rises for 3rd consecutive day this week

Sensex ended the session at 84,466.51, up 595.19 points or 0.71 per cent. The 30-share index started the session with a huge gap-up at 84,238.86 against last session's closing of 83,871.32. The index continued the early momentum to hit the intra-day high at 84,652,01 amid heavy buying in IT and auto heavyweights. 11 days ago
SIP inflows hit all-time high of Rs 29,529 crore in Oct

SIP inflows hit all-time high of Rs 29,529 crore in October

Despite volatility in the domestic equity market during the month, the steady growth in SIP in the month reflects the strong retail participation, which led the mutual fund industry's total assets under management (AUM) to increase to Rs 79.87 lakh crore from Rs 75.61 lakh crore a month earlier. 12 days ago
Sensex, Nifty open higher amid mixed global cues

Indian markets open lower following choppy global signals

Sectoral indices were trading mixed with most of them trading with mild negative bias. Nifty IT was the standout gainer up 0.31 per cent, while financial services, FMCG, Pharma and PSU Bank down 0.71 per cent, 0.49 per cent, 0.16 per cent and 0.57 per cent respectively. 13 days ago
Sensex, Nifty open higher amid positive global cues

Sensex, Nifty snap 3-day losing streak amid buying in IT, auto heavyweights

Sensex ended the session at 83,535.35, up 319 points or 0.38 per cent. The 30-share index started the session flat at 83,198.20 against last session's closing of 83,216.28. However, the index rallied around 500 points to hit an intra-day high of 83,754.49 amid heavy buying in tech and automobile heavyweights. 13 days ago
Gold prices rise to 3-month high on back of safe-haven demand

Gold and silver prices up by 2% amid positive global cues

At around 10 a.m. on the Multi Commodity Exchange (MCX), the price of the December 5, 2025 contract for gold rose 1.16 per cent to Rs 1,22,468 per 10 grams, and the price of the December 5, 2025 contract for silver rose 1.99 per cent to Rs 1,50,666 per kg. 14 days ago
Over 150 products may see rate cut in GST Council meet this week

GST 2.0 comes as big boon for India's artisans

The entire handloom sector in Assam stands to gain from the GST reforms. In a state with more than 12.83 lakh weavers and about 12.46 lakh looms, the impact is far-reaching. The GST rate cut on handlooms and crafts will also benefit Assam Jaapi, Asharikandi terracotta, Mishing handloom, Pani Meteka, and Bihu dhol, among others. 14 days ago
AI valuations hit elevated levels, further rallies run bubble burst risk: Analysts

AI valuations hit elevated levels, further rallies run bubble burst risk: Analysts

Markets are likely to remain volatile in the near term amid global uncertainties and a heavy flow of economic and earnings data. While short-term sentiment could stay cautious due to persistent FII outflows and uneven earnings, improving domestic macro indicators and steady corporate performance may provide underlying support, he maintained. 15 days ago
Gold likely to open weak after steep global fall; prices may drop to Rs 1.22–Rs 1.23 lakh per 10 gm

Gold Slips for Third Week amid Diminishing Hopes of Federal Reserve Easing

Analysts said that the longest US government shutdown on record has delayed official data, increasing reliance on private surveys. ISM manufacturing and services PMIs fell below 50, indicating contraction, while private payrolls rose by 42,000, complicating the Federal Reserve's outlook. 16 days ago