Business

Market Sees Third Consecutive Rally as Buying Gains Momentum Across Sectors Except IT and FMCG

Published

1 year ago

March 20, 2025

The stock market experienced a rally for the third consecutive session on Wednesday, with the Nifty closing above 22,900 thanks to buying activity across most sectors, excluding IT and FMCG. By the end of the day, the Sensex rose by 147.79 points, or 0.20%, settling at 75,449.05, while the Nifty gained 73.30 points, or 0.32%, to close at 22,907.60.

During the trading session, the Nifty reached a high of 22,940.7 and dipped to a low of 22,807.95, while the Sensex moved between 75,568.38 and 75,201.48.

The mid-cap and small-cap segments saw significant gains, with the BSE Midcap index soaring 2.28% and the Smallcap index rising 2.17%. The overall market capitalization of BSE-listed companies increased to nearly ₹405 lakh crore compared to approximately ₹400 lakh crore in the previous session.

Among the major sectors, Nifty Realty stood out as the top gainer, surging 2.80%, followed closely by Nifty PSU Bank, Nifty Consumer Durables, Nifty Metal, Nifty Media, and Nifty Oil & Gas, each registering gains between 1% and 2%. Conversely, Nifty IT was the largest laggard, declining by 1% and breaking its two-day winning streak after global brokerage firm Citi issued a cautious outlook on domestic technology firms amid concerns regarding the U.S. economy.

The Nifty Realty (2.80%), PSU Bank (1.98%), Metal (1.27%), and Media (1.08%) sectors ended the day with solid gains, while the Nifty Bank concluded 0.79% higher, and the Financial Services index climbed 0.71%.

Top gainers on the Nifty included HDFC Life Insurance Company (3.75%), Apollo Hospitals Enterprise (2.89%), Tata Steel (2.55%), Power Grid Corporation of India (2.36%), and Ultratech Cement (2.20%). On the downside, Tech Mahindra (2.41%), Tata Consultancy Services (1.56%), ITC (1.48%), Infosys (1.42%), and Britannia Industries (1.28%) faced losses.

IndusInd Bank shares increased by 2.83%, reaching an intraday high of ₹700.8 per share on the NSE, following comments from Ashok P Hinduja, Chairman of IIHL (IndusInd International Holdings Ltd), suggesting it is a good time to boost the stake in the bank. Additionally, Vodafone Idea Ltd shares jumped almost 5% in early trading after the telecom company announced the launch of its 5G services in Mumbai. Meanwhile, NBCC’s stock rose 5% after the state-owned firm sold 1,046 residential units in Noida for ₹2,353 crore.

Looking ahead, the market will likely be influenced by the U.S. Federal Reserve’s policy decisions and Fed Chair Jerome Powell’s forecasts on growth and inflation.

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.