Benchmark equity indices, Nifty50 and BSE Sensex staged a sharp recovery on Thursday, erasing steep intraday losses to end higher, supported by value buying in IT and banking stocks and a strong rebound in the rupee.The 30-share BSE Sensex rose 185.23 points, or 0.25 per cent, to settle at 73,319.55 after plunging 1,588 points in…
Gold prices fell sharply on Thursday in futures trade, declining by Rs 6,004 to Rs 1,47,704 per 10 grams on the Multi Commodity Exchange, as geopolitical tensions in West Asia intensified and strengthened the US dollar, dampening investor sentiment.The decline marked a reversal from a four-day winning streak, with the June contract of the yellow…
Rupee saw a strong rebound in early trading on Thursday, climbing 151 paise from its record low to reach 93.19 against the US dollar, following a regulatory step by the Reserve Bank aimed to restrict banks’ net open position in the onshore forward delivery market.Rupee began the day in green at 94.62 against the greenback…
CLSA has an outperform rating on Bharti Airtel with the target price at Rs 2,320, up marginally from Rs 2,310 earlier. Analysts said Bharti Airtel is accelerating investments in data centre subsidiary Nxtra Data to $1 billion. Nxtra will ramp up capacity from 300MW to 1GW targeting a 25% market share. Bharti will retain a…
US President Donald Trump on Wednesday (local time) suggested that countries facing fuel shortages during the ongoing war with Iran should either buy oil from the United States or take stronger steps to secure supplies, going to the Strait o Hormuz, themselves. Speaking in a prime-time address at 9 pm EDT from the White House’s…
The Income Tax Act, 2025 came into force from April 1, marking a major overhaul of India’s tax framework, with the Central Board of Direct Taxes (CBDT) describing it as a step towards simplified compliance and a “new chapter” in tax administration, according to PTI.The new law replaces the six-decade-old Income Tax Act, 1961, and…
The government on Wednesday announced curbs on imports of gold, platinum and silver jewellery with immediate effect, a move aimed at checking misuse of free trade agreements (FTAs). These restrictions will operate irrespective of any prior contract, irrevocable letter of credit, advance payment, shipment status, or any other commitment, the Directorate General of Foreign Trade…
US stock markets traded higher on Wednesday, tracking a global rally as easing oil prices and hopes of a potential end to the Iran war lifted investor sentiment, according to AP.The S&P 500 rose 0.6%, adding to its sharp gains from the previous session, while the Dow Jones Industrial Average was up 292 points, or…
Gold prices in India remained firm on Wednesday tracking gains in the futures market, even as retail rates across cities showed an upward trend.On the Multi Commodity Exchange (MCX), gold futures continued to trade higher with all major contracts posting gains. The June 5, 2026 contract was trading at Rs 1,52,113 per 10 grams, up…
GST collections: India’s net Goods and Services Tax (GST) collections increased to Rs 1.78 lakh crore in March 2026, marking a rise of 8.2% compared to the previous month, according to official figures released on Wednesday.Gross GST revenue for March stood at Rs 2 lakh crore, which is an 8.8% increase over the same month…