Business

Market Declines as Nifty Falls Below 22,400 Despite Positive Signals

Published

1 year ago

March 14, 2025

The Indian stock market closed lower in a day marked by volatility, with the Nifty dipping below 22,400. This decline occurred despite positive signals from industrial production and retail inflation reports. The Sensex fell by 200.85 points, or 0.27%, ending at 73,828.91, while the Nifty dropped 73.30 points, or 0.33%, to close at 22,397.20.

During the trading session, the Nifty reached a high of 22,558.05 and a low of 22,377.35, whereas the Sensex fluctuated between 74,401.11 and 73,770.59. In terms of broader market performance, BSE Midcap and Smallcap indices each saw a decline of 0.7%.

Investors experienced a loss of nearly ₹2 lakh crore in a single day, as the total market capitalization of BSE-listed companies dropped from approximately ₹393 lakh crore to nearly ₹391 lakh crore. Most sectors ended the day in the red, with the Nifty Realty index down by 1.83%, Media by 1.50%, and Auto by 1.10%.

The Nifty Bank index remained relatively flat, while the PSU Bank index increased by 0.43%. Conversely, the Private Bank index fell by 0.14%. IndusInd Bank shares decreased by about 2%, despite CLSA maintaining an ‘Outperform’ rating, although they lowered their target price from ₹1,300 to ₹900.

IT stocks faced significant pressure, with the Nifty IT index entering bear territory, having plummeted more than 21% from its peak. Major IT companies, including Wipro, Infosys, HCLTech, and Tech Mahindra, all experienced declines.

On the Nifty index, the top gainers included Bharat Electronics (up 1.17%), State Bank of India (up 0.66%), NTPC (up 0.53%), Cipla (up 0.52%), and ICICI Bank (up 0.49%). In contrast, key losers were Hero Motocorp (down 2.25%), Tata Motors (down 1.92%), Hindalco Industries (down 1.81%), IndusInd Bank (down 1.80%), and HDFC Life Insurance Company (down 1.80%).

On the BSE, over 300 stocks reached their 52-week lows, including names such as Sterling Wilson, G R Infra, Balaji Amines, Route Mobile, IDFC First Bank, Astral, Nuvoco Vistas, Dalmia Bharat, KNR Construction, Birlasoft, Trident, Tata Elxsi, Relaxo Footwear, Tata Technologies, Shoppers Stop, LTIMindtree, Angel One, Galaxy Surfactants, and Esab India.

Shares of PB Fintech continued to trade low, with nearly a 10% drop for the second consecutive session, still feeling the effects of its proposal to inject ₹696 crore into its healthcare division. HDFC AMC also saw a further decline of 3% during the day.

On the Asian markets front, initial gains were reversed as concerns regarding the economic impact of U.S. President Donald Trump’s trade policies overtook any optimism. In contrast, U.S. equity markets mostly closed higher following lower-than-expected inflation data, which heightened expectations of a Federal Reserve interest rate cut.

Business

Fuel Prices Hiked by Rs.3 per Litre across India

Published

2 days ago

May 15, 2026

Namma Kudla

New Delhi: Petrol and diesel prices have been increased by Rs.3 per litre across the country from today. Oil marketing companies revised the rates due to the rise in global crude oil prices.

After the hike, petrol price in Bengaluru has reached Rs.106.17 per litre, while diesel now costs Rs.94.10 per litre.

The increase comes amid fluctuations in international crude oil prices and tensions in West Asia, including the Iran conflict. The fall in the value of the Indian rupee against the US dollar has also increased import costs.

The fuel price hike is expected to affect transportation and daily essentials. Transport charges for goods may rise, leading to higher prices of vegetables, fruits, milk, and other items. Bus, auto, and taxi fares may also increase.

Earlier, fuel prices were reduced before the 2024 Lok Sabha elections. In 2022, the Centre had also cut excise duty to control inflation after the Covid pandemic.

Business

Gold Prices Rise in Mangaluru; Demand for Ornaments Remains Strong

Published

2 weeks ago

May 4, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been reported at high levels today. The rate for 24 karat gold (99.9% purity) stands at Rs.14,962 per gram. The price for 22 karat gold (91.6% purity) is Rs.13,715 per gram. Meanwhile, 18 karat gold (75% purity) is being sold at Rs.11,222 per gram.

Mangaluru is well known for its deep cultural connection with gold. The city has a long tradition of buying and wearing gold ornaments. This tradition continues strongly even today.

Local jewellers say that demand for gold remains steady despite high prices. Many people still prefer to invest in gold for safety and long-term value. Gold is also an important part of weddings and festivals in the region.

Apart from its love for seafood, Mangaluru is also famous for its gold market. The gold trade in the city has a long history and continues to grow.

Buyers are advised to check the latest rates before making a purchase. They can also use a gold rate calculator to get exact pricing based on weight and purity.

Experts say that gold prices may change depending on global market trends. Customers should stay updated and make careful decisions while buying gold.

Business

Pune FDA Seizes 3,800 Kg of Adulterated Mango Pulp in Major Crackdown

Published

1 month ago

April 15, 2026

Namma Kudla

In a major action against food adulteration, the Food and Drug Administration (FDA) in Pune has seized over 3,800 kilograms of mango pulp mixed with unsafe food colours.

The raid was carried out after officials received confidential information about illegal production activities in the district. Acting quickly, an FDA team traced the source to a manufacturing unit in Urse village in Maval taluka.

During the inspection, officers found that the mango pulp was being prepared using unauthorised food colours and other banned substances. These materials are not allowed under food safety rules and can be harmful to consumers.

The unit was reportedly operated by Mohammad Ekramul, also known as Akram Gulam. Authorities said the facility was violating multiple food safety regulations.

Officials immediately seized the adulterated stock and stopped further production at the site. The FDA has also begun investigating the supply chain to identify where the products were being distributed.

Authorities warned that strict action will be taken against those involved in food adulteration. They also urged the public to stay cautious while buying food products, especially during the mango season.

Further investigation into the case is currently underway.