Market Rallies Midday Amid Strong Buying Interest; Nifty Exceeds 25,000 Mark

Published

11 months ago

May 16, 2025

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    The stock market experienced a significant midday boost on Thursday, driven by strong buying interest, as the Nifty crossed the 25,000 mark for the first time since October 17, 2024. The Sensex closed up 1,200 points, or 1.48%, reaching 82,530.74, while the Nifty 50 saw a gain of 395 points, or 1.60%, closing at 25,062.10.

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    The BSE Midcap index increased by 0.67%, and the Smallcap index rose by 0.94%. The total market capitalization of BSE-listed companies climbed to ₹440 lakh crore, up from nearly ₹435 lakh crore in the previous session.

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    All sectors reported gains, with Nifty Bank rising by 1% and the Financial Services index up by 1.29%. Additionally, Nifty Realty, Auto, and Metal indices saw gains close to 2% each. Among the Nifty 50, 49 stocks finished higher, with Hero MotoCorp leading at a 6.17% increase, followed by JSW Steel at 4.82%, and Tata Motors at 4.30%. IndusInd Bank was the only stock in the Nifty 50 to decline, falling by 0.17%.

    Over 80 stocks on the BSE reached their 52-week highs, including Anupam Rasayan, Godfrey Phillips, Shree Cements, ICICI Bank, APL Apollo, Bharat Electronics, Dalmia Bharat, Max Financial, Aster DM Healthcare, Solar Industries, and JK Cement.

    Shares of Astra Microwave surged over 12% following the announcement of fundraising plans. Tata Motors rebounded from losses incurred on Wednesday, climbing 3.62% in Thursday’s trading. Hero MotoCorp stocks rose more than 6% intraday, buoyed by a strong Q4 performance, rural demand, plans for electric vehicles, and solid financial results.

    Gold prices recovered from earlier losses, with spot gold steady at $3,179.07 per ounce as of 1102 GMT. 

    In global markets, Wall Street wrapped up mixed with the S&P 500 slightly up after fluctuating between gains and losses in a subdued session, as investors awaited upcoming economic data. In Asia, stocks fell for the first time in five days, while European indices also declined.

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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.