Metal stocks witnessed sharp selling pressure on Thursday as shares of major companies such as Hindustan Zinc, Vedanta and National Aluminium Company (NALCO) declined by up to 7 percent in early trade. The sell-off dragged the Nifty Metal index down nearly 3 percent, snapping its three-session winning streak. The downturn…
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Budget 2026: LTCG Tax Cut May Influence FPI Stock Flows
As Budget 2026 approaches, market participants are closely watching for potential cuts to the long-term capital gains (LTCG) tax. Amid continued foreign portfolio investor (FPI) selling, investors hope a tax reduction could improve market sentiment and encourage capital inflows into Indian equities. In January alone, FPIs have net sold ₹33,598…
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Adani Enterprises Denies US Legal Case Amid SEC Summons Reports
New Delhi: Adani Enterprises Ltd on Friday issued a formal clarification to India’s stock exchanges, asserting that it is not a party to any legal proceedings in the United States, following media reports suggesting that American regulators were seeking to serve legal summons on senior Adani Group leadership. The clarification…
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Sensex Slides as Rupee Hits Record Low, Nifty Near 25,150
Indian equity markets extended their losing streak on Wednesday as persistent foreign fund outflows, a sharply weaker rupee and fragile global cues dragged benchmarks lower. The Sensex slipped sharply from the day’s high, while the Nifty ended near the 25,150 mark after briefly falling below 25,000 for the first time…
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Coal India to Sell 15% BCCL Stake, CMPDI IPO by March
State-owned Coal India Limited (CIL) has outlined an aggressive disinvestment roadmap, announcing plans to sell its remaining 15 percent stake in Bharat Coking Coal Limited (BCCL) within the next six months. The move comes shortly after BCCL’s successful stock market debut and signals Coal India’s broader strategy to unlock value…
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Infosys Earnings Boost Sensex, Nifty Climb on Jan 18
Indian stock markets closed higher on Friday, January 18, as a strong Q3 earnings surprise from Infosys lifted IT stocks and reignited investor risk appetite. The BSE Sensex surged to an intraday high of 84,134.97, while the NSE Nifty 50 touched 25,873.50. Despite profit booking later in the session, the…
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Reliance Q3 FY26 Results: Marginal Profit, 11% Growth
Reliance Industries Limited (RIL), led by Chairman Mukesh Ambani, reported a marginal rise in consolidated net profit for the third quarter of FY26, even as revenues recorded double-digit growth. The diversified conglomerate posted a profit of ₹18,645 crore for the December quarter, marking a 0.56% increase year-on-year, while revenue from…
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China Halts Solar Subsidies, India Set to Shine
China’s decision to phase out export subsidies on solar products could mark a turning point for India’s renewable energy manufacturing sector. The move, announced earlier this month, is expected to narrow the cost gap between Chinese and Indian solar equipment, potentially opening global export opportunities for Indian firms. From April…
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Stock Market Today: Nifty Above 25,850, Sensex Rises 250 Points
Indian equity markets began Tuesday’s session on a positive note, with benchmark indices extending early gains amid supportive global cues and cautious optimism ahead of the third-quarter earnings season. The Nifty50 opened above the key 25,850 mark, while the BSE Sensex surged over 250 points in early trade, reflecting steady…
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Reliance Shares Slide 5% on US-Venezuela Tensions: Buy Now?
Reliance Industries Ltd (RIL) shares witnessed a sharp sell-off on Tuesday, January 6, sliding over 5% in intraday trade as global markets reacted nervously to escalating tensions between the United States and Venezuela. The decline marked the second consecutive day of losses for India’s most valuable listed company, sparking debate…