Business

Stock Market Continues Upward Trend, Surges Over 1% as Nifty Reaches 23,700

Published

1 year ago

March 25, 2025

The stock market continued its upward trend from the previous week, with the Nifty index surpassing 23,700 during intraday trading and gaining over one percent overall. Broad-based purchasing activity was observed across multiple sectors.

By the end of the trading day, the Sensex registered an increase of 1,078.87 points, or 1.4%, closing at 77,984.38, while the Nifty rose by 307.95 points, or 1.32%, to finish at 23,658.35.

Throughout the day, the Nifty reached a peak of 23,708.75 and dipped to a low of 23,451.75. The Sensex fluctuated between 78,107.23 and 77,179.35.

Both the BSE Midcap and Smallcap indices recorded gains of over 1%.

On the Nifty, the top performers included Kotak Mahindra Bank (up 4.67%), NTPC (up 4.45%), State Bank of India (up 3.66%), Tech Mahindra (up 3.51%), and Power Grid Corporation of India (up 3.09%). Conversely, the biggest decliners were Titan Company (down 2.64%), IndusInd Bank (down 2.54%), Trent (down 1.85%), Mahindra and Mahindra (down 0.97%), and Bharti Airtel (down 0.41%).

The Bank Nifty closed at 50,593.55, having reached an intraday high of 51,801.15 and a low of 50,795.9.

Kotak Mahindra Bank surged more than 4% to reach its highest point in 41 months, closing at Rs 2,174, the highest since October 2021.

Manappuram Finance also climbed over 4%, maintaining its upward momentum with a 22% rally over eight consecutive sessions, while Poonawalla Fincorp shares rose nearly 4% after announcing an AI-driven underwriting solution developed in partnership with IIT Bombay.

Domestic equity markets have recovered from earlier losses this year, with both benchmark indices, Sensex and Nifty, continuing their winning trend.

After a record sell-off of $29 billion over the past five months, foreign investors are showing renewed interest, becoming net buyers in recent trading sessions.

On the BSE, approximately 90 stocks reached their 52-week highs, including notable names like Kotak Mahindra Bank, Chambal Fertilisers, Shree Cements, Bajaj Finance, ICICI Bank, AAVAS Financiers, Narayana Hrudayalaya, Coromandel International, JSW Steel, AstraZeneca Pharma, Welspun Corp, Navin Fluorine, and SRF.

All sectoral indices closed positively, with banks, capital goods, IT, oil & gas, power, realty, and PSU Bank each rising between 1% and 3%.

Hindustan Aeronautics Ltd. (HAL) experienced a significant uptick of 5.09%, driven by trading volumes surpassing the 5-day average, signaling increased investor interest.

RailTel’s shares also skyrocketed by 10%, reaching Rs 339 after the company secured a Rs 25.15 crore order from Hindustan Petroleum Corporation.

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.