Business

Market Breaks Three-Day Losing Streak, Closes Higher on Positive Global Trends

Published

8 months ago

June 6, 2025

The stock market broke its three-day losing streak, closing higher with the Nifty surpassing the 24,600 mark. This upsurge was driven by positive global market trends and broad-based buying across various sectors, except for real estate.

At the end of the trading session, the Sensex gained 260.74 points, a 0.32% increase, closing at 80,998.25. The Nifty also rose by 77.70 points, equivalent to a 0.32% gain, finishing at 24,620.20.

Mid and small-cap stocks closed positively, with the BSE Midcap and Smallcap indices increasing by 0.76% and 0.58%, respectively. The total market capitalization for BSE-listed companies rose to ₹445 lakh crore from ₹443 lakh crore in the prior session. The volatility index, India VIX, decreased by 4.89% to 15.75.

On the Nifty, approximately 32 stocks advanced, with notable gainers including Eternal, which rose by 3.21%, Jio Financial Services at 2.36%, and IndusInd Bank up by 1.79%. Conversely, the biggest losers were Bajaj Finserv (down by 1.63%), Trent (down by 1.43%), and Eicher Motors (down by 1%).

Most major sector indices ended the day in the green, apart from Nifty Realty, which fell by 0.70%. Nifty Oil & Gas increased by 0.67%, and the Metal sector rose by 0.60%, both showing solid gains. Additionally, the Nifty Bank, PSU Bank, and Private Bank indices experienced modest increases of 0.14%, 0.24%, and 0.08%, respectively.

Paytm’s stock climbed by 2% following the establishment of a wholly owned subsidiary in Singapore by its arm, Paytm Cloud Technologies. Tata Motors also gained 2%, ending its three-day downturn, despite Nomura maintaining a neutral rating on the stock.

The market is currently focused on the Reserve Bank of India’s monetary policy decision set for Friday, alongside the European Central Bank’s announcement on Thursday. In global markets, US stock indexes closed higher, bolstered by gains from Nvidia and other chipmakers, as investors anticipate potential negotiations between the United States and its trading partners.

Asian markets also showed positive movement, driven by technology shares, while European stocks were trading upward, with CAC and DAX indexes each up nearly 1%.

Business

Gold Prices Decline Slightly on January 16

Published

2 days ago

January 16, 2026

Namma Kudla

Gold prices witnessed a mild decline in the domestic bullion market on January 16, 2026. The price of 24-carat gold was recorded at ₹143,080 per 10 grams. This marked a fall of ₹360 compared to its previous closing price, indicating a soft trend in the precious metal market.

Similarly, the price of 22-carat gold also moved lower. It was trading at ₹131,157 per 10 grams during the day. The decline in gold prices reflects cautious sentiment among investors amid changing global economic signals.

Market experts said gold prices were affected by fluctuations in international markets and movements in the US dollar. Profit booking by investors at higher levels also contributed to the marginal drop in prices.

Despite the decline, demand for gold remains steady in the domestic market. Jewellers reported moderate buying interest, especially for 22-carat gold used in jewellery. Industry participants are now closely watching global inflation data, interest rate trends, and geopolitical developments.

Gold prices are expected to remain volatile in the coming days. Investors are advised to keep an eye on global cues and currency movements before making fresh investments.

Business

Silver Crashes ₹12,500 to ₹2.43 Lakh per kg; Gold Declines ₹900

Published

1 week ago

January 9, 2026

Namma Kudla

Silver prices fell sharply from record levels in the national capital on Thursday due to global profit-booking. The price of silver dropped by ₹12,500 to ₹2,43,500 per kilogram.

According to the All India Sarafa Association, the white metal had touched a record high of ₹2,56,000 per kilogram in the previous trading session on Wednesday. Silver had surged by ₹5,000 in that session amid strong global cues.

Gold prices also weakened on Thursday. The yellow metal declined by ₹900 per 10 grams in the local market. Traders attributed the fall to selling pressure after recent gains.

Market experts said that a rise in global prices earlier had encouraged investors to book profits. This selling pressure impacted both silver and gold prices in the domestic market.

They added that movements in international bullion prices and a stronger dollar also influenced the decline. Investors are now closely watching global economic signals for further direction in precious metal prices.

Business

India Should Boost Silver Processing, Diversify Imports

Published

2 weeks ago

January 7, 2026

Namma Kudla

India should strengthen its silver processing capabilities and diversify its import sources, according to the Global Trade Research Initiative (GTRI).GTRI said silver is not just a precious metal. It is also a critical input for industries and the clean energy transition.

The report highlighted the growing importance of silver in sectors such as electronics, solar energy, electric vehicles, and advanced manufacturing. GTRI said India should secure long-term mining supplies from overseas to ensure a stable flow of raw silver.

It also recommended boosting domestic refining capacity to reduce dependence on imported finished silver. The think tank stressed the need to expand silver recycling within the country to meet rising demand.

GTRI warned that heavy reliance on a few countries for processed silver could pose supply risks. It noted that China is currently the world’s dominant processor of silver. The report advised India to diversify its import sources to improve supply security and reduce vulnerability to global disruptions.

GTRI said these measures would support India’s industrial growth and energy transition goals.