Mumbai: Indian equities staged a spectacular rally on Friday, with benchmark indices surging more than 2 percent as aggressive buying propelled the Sensex beyond 81,000 and the Nifty 50 above the psychologically significant 25,000 threshold. The BSE Sensex skyrocketed 1,718.02 points, or 2.17 percent, to 81,028.02, while the NSE Nifty 50 rallied 493.75 points, or … Read more
Mumbai: reported a 25.2% year-on-year increase in consolidated profit after tax (PAT) to ₹1,520 crore for the quarter ended September 30, 2026, supported by expanding lending operations. The Murugappa Group financial services holding company had recorded a consolidated net profit of ₹1,214 crore during the corresponding quarter of the previous financial year. Income Growth Consolidated … Read more
Mumbai: (HCC) reported a 52.78% year-on-year decline in consolidated net profit to ₹22.56 crore for the September quarter of FY27, as lower income weighed on the infrastructure major’s earnings. The engineering and construction company had posted a consolidated net profit of ₹47.78 crore in the corresponding quarter of the previous financial year. Revenue Pressure HCC’s … Read more
Mumbai: is encouraging investors to consider Electronic Gold Receipts (EGRs) this Dhanteras, offering an exchange-traded alternative to physical gold while promoting the use of domestically recycled gold. The initiative aims to bring idle household gold into the financial system and potentially reduce India’s dependence on expensive gold imports. Gold Ownership ownership of physical gold stored … Read more
Mumbai: witnessed a spectacular Diwali rally as the Nifty surged 8 percent this week, its strongest weekly performance since January 2021. Renewed foreign buying, robust corporate earnings and attractive valuations powered the rebound, even as global technology stocks suffered heavy losses. The rally added nearly Rs 20 lakh crore to investors wealth, lifting the combined … Read more
Indian benchmark indices have shown a remarkable recovery ahead of Diwali 2026. As investors enter Samvat 2083 on a positive note, benchmark indices have surged over 8% in just six trading sessions. On a YTD basis, NIFTY50 has largely remained in the red with -7% returns, while the broader markets have relatively outperformed the NIFTY50 … Read more
Shares of BSE jumped over 6 per cent on Thursday after the company reported a 45 per cent year-on-year surge in consolidated net profit. The stock opened in the green at Rs 3,665 against the previous close of Rs 3,601.5 on the BSE. The stock jumped further to hit a high of Rs 3,842, a … Read more
US markets rallied after Democrats’ sweeping victory in the midterm elections, as investors became hopeful that the result could push US President Donald Trump towards ending the ongoing war with Iran. The election outcome also raised hopes of lower energy prices and reduced geopolitical tensions. Oil prices plunged sharply amid expectations that the Iran war … Read more
Indian stock market rallied for the sixth consecutive day as the Sensex soared nearly 2,009 points and the NSE Nifty surged 576 points on Thursday, November 5. A significant downside in crude prices amid hopes of a resolution to the West Asia conflict after the US president lost midterm elections. Additionally, sustained foreign fund inflows … Read more