Gold Rate Drops on MCX Due to Profit Booking
Gold rates on the Multi Commodity Exchange (MCX) witnessed a decline, driven by profit booking activities and weak global market cues, alongside increased margins for precious metals on CME.
Gold rates on the Multi Commodity Exchange (MCX) witnessed a decline, driven by profit booking activities and weak global market cues, alongside increased margins for precious metals on CME.
Global investment bank Morgan Stanley expresses optimism on Indian equities following the Union Budget, recommending overweight positions in financials, consumer discretionary, and industrial sectors.
Silver prices on MCX extended losses, falling over 39% from record highs, while global spot silver jumped 8%. Gold also declined on MCX but recovered internationally. Analysts advise caution amid high volatility.
The Union Budget 2026-27 reveals a constrained fiscal landscape following 2025's tax cuts. With modest GDP growth projections and shrinking GST revenues, the government faces challenges in deficit reduction and debt management while maintaining capital ex
Finance Minister announces India Semiconductor Mission 2.0 to build domestic capabilities in semiconductor equipment, chemicals, and gases, targeting a $400 billion market by 2030 amid global AI-driven supply bottlenecks.
Indian stock market faces pressure following Union Budget 2026-27's surprise STT increase on derivatives. Expert Vaishali Parekh analyzes Nifty 50 and Bank Nifty outlook with key support levels and intraday stock recommendations.
Oracle is reportedly planning to lay off up to 30,000 employees to finance its AI data center ambitions, with US banks pulling back from lending and the company exploring asset sales.
Union Budget 2026 proposes restructuring Power Finance Corporation and Rural Electrification Corporation to enhance scale and efficiency, fueling merger speculation as government pushes public NBFCs to meet credit and tech targets.
Finance Minister Nirmala Sitharaman's Union Budget 2026-27 focuses on infrastructure with dedicated freight corridors, 20 new national waterways, tax incentives, and sectoral schemes for Viksit Bharat.
Finance Minister Nirmala Sitharaman presents Union Budget 2026-27 with focus on infrastructure, manufacturing, healthcare, and financial sector reforms including dedicated freight corridors and 20 new national waterways.
The Q3 earnings season continues with around 680 companies set to report results today, including Hyundai Motor and Indus Towers. Analysts expect corporate earnings to drive market direction despite recent volatility.
Analysis reveals gold and silver outperform stocks in short-term returns, but perspective shifts when examining longer timelines and different measurement approaches.
The Centre aims to reduce fiscal deficit to 4.3% of GDP in 2026-27 from 4.4% in 2025-26, with debt-to-GDP ratio estimated at 55.6%. FM Sitharaman highlights fiscal consolidation progress.
Finance Minister Nirmala Sitharaman's Union Budget 2026 emphasizes fiscal prudence, job creation, and economic growth, anchored by the Atma Nirbharta theme to boost exports and attract long-term investments.
Union Budget 2026-27 pivots from announcing job creation targets to building sustainable employment through skilling, services sector growth, and sector-led ecosystems like healthcare and orange economy.
Motilal Oswal Financial Services recommends ICICI Bank and APL Apollo Tubes as top buys for the trading week starting February 2, 2026, citing strong fundamentals and growth potential.
Union Budget 2026 introduces key tax reforms for IT services, including safe harbour margin of 15.5%, automated approvals, and fast-track APA process to enhance certainty for cross-border operations.
Indian stock market may open steady on Monday with Gift Nifty signaling a marginally higher start. Investors remain cautious after Sunday's crash due to STT hike proposals in Union Budget.
Starting April 1, the new income tax regime will be the default option for taxpayers, with no changes to existing tax rates. The government aims to simplify tax filing and encourage adoption of the streamlined system.
A high-level committee is set to formulate India's comprehensive financial sector roadmap for 2047, aiming for a major banking reset to enhance global competitiveness and economic growth.
India is rolling out new tax incentives to attract major global electronics manufacturers, aiming to boost domestic production and position the country as a global hub for electronics manufacturing.
Finance Minister Nirmala Sitharaman addresses global economic challenges, stating that India has integrated these unprecedented uncertainties into its policy decisions to ensure stability and growth.
India's revised estimates for 2025-26 show the fiscal deficit target of 4.4% of GDP likely met despite tax revenue shortfalls, achieved through expenditure cuts and higher non-tax revenues.
Indian stock markets face pressure after Union Budget 2026-27's surprise STT hike on derivatives. Gold and silver rebound after historic fall, while USD/INR consolidates. Experts share Nifty, Bank Nifty outlook and stock picks.
Finance Minister Nirmala Sitharaman details Budget 2026-27 measures including STT increase to curb speculation, customs duty cuts for manufacturing, and gradual fiscal deficit reduction to 4.3%.
Indian stock markets may open positively but face high volatility as investors digest Union Budget 2026 proposals, including STT hike on derivatives. Sensex and Nifty plunged in special session; key stocks like Hero MotoCorp, ITC, defence shares in spotli
An in-depth look at India's Budget 2026, highlighting fiscal discipline, manufacturing push, healthcare investment, and MSME support while examining risks in debt management and divestment targets.
Crude oil prices declined after Donald Trump indicated progress on an Iran agreement. In Mumbai, police arrested four suspects in the firing at Rohit Shetty's home, investigating gang links.
Union Budget 2026 announces operationalisation of National Waterway-5 in Odisha, a Rs 12,204-crore project connecting mineral-rich areas to major ports, promising economic growth and reduced logistics costs.
India's 2026-27 budget maintains capex-led growth with a ₹12.2 trillion allocation while shifting to medium-term debt reduction. Experts urge adaptability to prevent fiscal complacency amid potential demand shifts.