Business

Market Closes Strong, Marking 7 Consecutive Days of Gains

Published

11 months ago

April 24, 2025

On Wednesday, the stock market concluded the session on an optimistic note, marking its seventh consecutive day of gains, fueled by strong buying interest in IT, automotive, and pharmaceutical stocks.
By the end of trading, the Sensex had risen by 520.90 points, or 0.65%, closing at 80,116.49, while the Nifty gained 161.70 points, or 0.67%, reaching 24,328.95.

Over the past seven trading sessions, the Sensex has increased by 6,269 points, or 8.5%, and the Nifty 50 has risen by 1,930 points, or 8.6%, resulting in an impressive gain of roughly ₹36 lakh crore for investors during this period.

In the Nifty50, 38 stocks saw gains, with HCL Technologies leading the charge with a 7.74% increase. Tech Mahindra followed with a 4.76% rise, and Tata Motors was up by 4.44%. On the downside, shares of Kotak Mahindra Bank and HDFC Bank each fell by 2.09%, and Grasim Industries decreased by 1.98%.

Sector-wise, the Nifty IT index was the standout performer, surging by 4.34%. The Nifty Auto index also made solid gains, rising by 2.38%, while the Nifty Pharma index climbed by 1.40%. Additionally, the Healthcare index rose by 1.34%, and Realty increased by 1.33%. In contrast, there was a decline in banking, financial, and consumer durable indices due to profit-taking, with the Nifty Consumer Durables index dropping by 0.96%. The Nifty Bank fell by 0.50%, the Nifty Private Bank by 0.75%, and PSU Bank declined by 0.57%. The Financial Services index also dipped by 0.67%. Meanwhile, the Nifty Midcap 100 increased by over 1%, and the Smallcap 100 added 0.4%.

HCL Tech experienced an 8% rally in its shares following quarterly results that met expectations. On the other hand, Gensol Engineering Ltd shares fell another 5% intraday, continuing their downward trend, while PFC shares dropped 3% intraday after the company filed a complaint with the Economic Offences Wing (EOW) against Gensol Engineering.

On an international level, US President Donald Trump’s comments indicating he had no intention of dismissing Federal Reserve Chair Jerome Powell positively influenced market sentiment. In Europe, France’s CAC 40 and Germany’s DAX both surged over 2%, while the UK’s FTSE rose by more than 1.5%. In Asia, major indices such as the Nikkei, Hang Seng, and Kospi also climbed nearly 2%.

Business

Good News for Milk Producers in Chikkaballapur – 50 Paise Increase per Litre

Published

1 week ago

March 8, 2026

Namma Kudla

Chikkaballapur: The Chikkaballapur Milk Union (Chimul) has announced good news for milk producers in Chikkaballapur district. The union has decided to increase the milk procurement price by 50 paise per litre, which will benefit dairy farmers in the district.

Earlier, on January 1, Chimul had increased the price by Rs.1 per litre as a New Year benefit to farmers. Now, the union has announced an additional 50 paise increase.

With this latest revision, dairy farmers will receive Rs.36.40 per litre for milk. The 50 paise increase will remain in effect until the end of May.

Chimul President Manjunath Reddy told Public TV that the union will review its profits and may continue the price increase in the future based on financial performance.

The decision is expected to provide some relief and encouragement to dairy farmers in Chikkaballapur district.

Business

Key Rules for Transferring Inherited Property

Published

4 weeks ago

February 15, 2026

Namma Kudla

Business : After the death of parents, legal heirs are eligible to inherit their property. However, certain procedures must be followed before the transfer is completed in India.

Heirs must file the deceased person’s income tax return for the year of death and pay any pending taxes. There is no estate tax on inherited property in India, but any income earned from it, such as rent or interest, is taxable.

If the property is sold, capital gains tax will apply based on the difference between the original purchase price and the selling price. Clearing any outstanding loans linked to the property is also mandatory.

Important documents such as the will, succession certificate, death certificate, and property valuation report should be kept ready to ensure a smooth transfer process.

Business

Does Bank Open Or close on February 14 in India?

Published

1 month ago

February 13, 2026

Namma Kudla

New Delhi: Banks across India will remain closed on February 14 as it falls on the second Saturday of the month. The holiday is part of the official schedule released by the Reserve Bank of India, which requires banks to shut on the second and fourth Saturdays and all Sundays.

Customers are advised to finish important financial tasks early to avoid last-minute trouble. Every year, the RBI publishes a holiday calendar that lists national holidays, regional festivals, and other scheduled closures.

In February, banks in some states will also close for regional occasions such as the birth anniversary of Chhatrapati Shivaji Maharaj and Statehood Day in Mizoram and Arunachal Pradesh.

Even though bank branches will remain closed, digital services like ATMs, internet banking, and UPI will continue to work normally.