Business

Market Declines Further Ahead of RBI’s MPC Decision

Published

1 year ago

February 7, 2025

The stock market experienced a slight decline, impacted by underperformers such as Titan, ITC, State Bank of India, and PowerGrid due to disappointing earnings reports. By the end of trading, the Sensex fell 0.27%, dropping 213.12 points to close at 78,058.16, while the Nifty saw a decline of 0.39%, losing 92.95 points to settle at 23,603.35. This marked the second consecutive day of losses for both indices.

During the session, the Nifty 50 did manage to rise by about 0.30%, reaching an intraday high of 23,773.55 before giving up those gains and falling back close to the 23,600 mark. Meanwhile, the Sensex fluctuated between a high of 78,551.66 and a low of 77,843.99.

Notably, Bharti Airtel was the leading loser among the benchmark indices, contributing significantly to the market’s decline as investors awaited its crucial earnings announcement later today. The BSE Midcap index lagged with a 0.87% drop, while the Smallcap index remained nearly unchanged.
Overall, the market capitalization of BSE-listed companies decreased to approximately ₹425 lakh crore, down from over ₹427 lakh crore in the previous session.
On the Nifty, the top performers included Cipla (up 2.42%), Adani Ports & Special Economic Zone (up 1.72%), Infosys (up 0.98%), Tata Consumer (up 0.79%), and Dr. Reddy’s Laboratories (up 0.74%).
Conversely, the biggest losses were seen in Trent (down 8.22%), Bharat Electronics (down 3.18%), Bharti Airtel (down 2.45%), Titan Company (down 2.23%), and NTPC (down 2.13%).
The Bank Nifty ended the day at 50,343.05, having reached an intraday high of 50,553.35 and a low of 50,149.80.
Most sectors closed lower, with Nifty Realty down 2.19% and Consumer Durables down 1.84%. Other declines included Nifty FMCG (down 0.96%), Auto (down 0.93%), Media (down 0.75%), Metal (down 0.75%), and PSU Bank (down 0.73%).
The only sectors in the green were Nifty Pharma (up 0.64%) and IT (up 0.31%), supported by a weaker rupee against the US dollar.
Stocks in the IT sector gained up to 1%, including TCS, Infosys, HCL Tech, and Wipro, following positive Q4 results from Cognizant Technology Solutions that boosted optimism across the sector.
Among individual stocks, Sula Vineyards saw a decline of over 4%, trading at Rs 348 per share after reporting disappointing Q3FY25 results. Swiggy’s stock tumbled more than 7%, falling to Rs 387 per share, as brokerages presented mixed opinions after the company reported a widened net loss of Rs 800 crore in Q3FY25.
The market continued to face losses ahead of the Reserve Bank of India’s (RBI) monetary policy decision scheduled for Friday. However, generally positive global signals and a drop in US bond yields moderated the losses for the key indices.

Business

Tomato Prices Crash from Rs.1200 to Rs.80, Farmers in Distress

Published

3 weeks ago

March 25, 2026

Namma Kudla

Business: Tomato prices in Vijayanagara district have dropped sharply, causing heavy losses to farmers and traders. A box of tomatoes that was earlier sold for Rs.1000 to Rs.1200 is now being sold for just Rs.80 to Rs.100.

Due to the sudden fall in prices, farmers are struggling to recover their investment. Many had taken loans to grow the crop and are now facing financial difficulties.

In local markets, traders are selling tomatoes at very low rates. Around 2 to 4 kilograms of tomatoes are being sold for just Rs.20.

The price crash has been linked to multiple reasons. Export of tomatoes to other countries has reduced due to the Iran–Israel conflict. In addition, many hotels are not operating properly due to a shortage of cooking gas cylinders. This has reduced demand for tomatoes.

As a result, both farmers and sellers are facing serious losses, and the situation has become very difficult for them.

Business

Gold Prices Rise in Mangaluru; 24K Gold at Rs.13,564 per Gram

Published

3 weeks ago

March 24, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been updated today, reflecting the latest market trends.

The price of 24 karat gold (99.9% purity) stands at Rs.13,564 per gram. Meanwhile, 22 karat gold (91.6% purity) is priced at Rs.12,434 per gram. The rate for 18 karat gold (75% purity) is Rs.10,173 per gram.

Mangaluru, known for its rich coastal culture and love for seafood, also has a deep connection with gold. The demand for gold ornaments in the city remains strong, especially during weddings and festivals.

The gold trade in Mangaluru has a long history and continues to play an important role in the local economy. Many families prefer investing in gold due to its cultural and financial value.

Buyers are advised to check the latest rates before making any purchase, as gold prices may change daily based on market conditions.

For those planning to buy gold, using a Gold Rate Calculator can help in getting accurate pricing based on weight and purity.

Business

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

Published

1 month 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.