Business

Market Extends Winning Streak But Struggles to Maintain Early Gains

Published

1 year ago

March 26, 2025

The stock market struggled to maintain its initial gains on Tuesday but managed to continue its winning streak for the seventh consecutive session, with the Nifty closing above 23,650. It started strongly, opening above 23,700, and briefly climbed over 23,800 during the early trading hours.

By the end of the day, the Sensex rose by 32.81 points, or 0.04%, finishing at 78,017.19, while the Nifty increased by 10.30 points, also up 0.04%, to close at 23,668.65.

During the session, the Nifty reached a high of 23,869.6 before dipping to a low of 23,601.4, while the Sensex fluctuated between 78,741.69 and 77,745.63.

In sector performance, all sectoral indices closed lower except for IT, which was the sole gainer, rising nearly 1%. In contrast, the auto, capital goods, consumer durables, metal, oil & gas, power, PSU bank, realty, and telecom sectors all fell by 1-1.5%. Profit booking was evident in both the Defence and PSU Bank indices, which dropped nearly 2%.

Infosys saw a significant increase of nearly 3% to ₹1,634 during morning trading, bolstered by a softer tariff stance from US President Donald Trump that boosted investor sentiment and rekindled interest in IT stocks. The BSE Midcap index declined by 1%, while the Smallcap index fell by 1.6%.

A total of 70 stocks on the BSE reached a 52-week high, including SBI Cards, JSW Holdings, Shree Cements, JSW Steel, Bajaj Finance, TCPL Packaging, Kotak Mahindra Bank, Chambal Fertilisers, and Jupiter Life Line Hospitals, among others.

The top gainers within the Nifty index included Ultratech Cement (3.35%), Bajaj Finserv (2.69%), Trent (2.58%), Infosys (2.24%), and Grasim Industries (2.24%). Conversely, the biggest losers were IndusInd Bank (4.84%), Dr. Reddy’s Laboratories (2.68%), Adani Enterprises (2.04%), Coal India (1.90%), and Adani Ports and Special Economic Zone (1.53%).

The Bank Nifty closed at 51,704.95 after hitting an intraday high of 52,063.95 and a low of 51,429.6. IndusInd Bank’s shares slipped by 5% following a ₹30 crore penalty related to GST issues, a situation the bank plans to appeal, yet the uncertainty led to selling pressure.

Chemicals companies, including India Pesticides, Insecticides India, and Alkyl Amines, experienced declines of up to 4% after the government proposed an anti-dumping duty on Pretilachlor imports from China.

Business

Overseas Loans by Indian Firms See Sharp Decline

Published

1 day ago

May 17, 2026

Namma Kudla

Business : Indian companies borrowed $5.43 billion from abroad in March, according to RBI data. This was 51% lower than March last year.

Experts said the weak rupee and high global interest rates made foreign loans less attractive for companies.

In the financial year 2025-26, India Inc raised nearly $43 billion through foreign borrowings. This was down from $61 billion in the previous year.

In March 2025, borrowings had crossed $11 billion due to large deals by companies like JSW Steel and Tata Semiconductor Manufacturing.

Companies are also avoiding overseas loans because hedging costs have become expensive during currency volatility.

The RBI reportedly discussed easing foreign borrowing rules and offering hedging support, but no final decision was taken.

Market experts said the ongoing West Asia conflict has increased uncertainty, making companies cautious about raising funds from abroad.

Business

Fuel Prices Hiked by Rs.3 per Litre across India

Published

3 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.