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Home  Business

Business

Gold drops 1.82 pc in a volatile week; silver gains on US CPI data

Gold drops 1.82 pc in a volatile week; silver gains on US CPI data

  • Markets slip nearly 1 pc for the week amid IT sell-off and weak global cues

    Indian equity benchmarks declined nearly one per cent during the week, led by sharp losses in IT stocks amid AI-related concerns and weak global cues. Dollar strength, muted sectoral performance and resistance near key Nifty levels also weighed on investor sentiment.
  • Editorial: AI fury batters IT stocks

    The meltdown was due to worries of AI tools replacing many traditional software and IT outsourcing services
  • Opinion: Clean energy push or green pause?

    Budget 2026 strengthens India’s clean energy ambitions, but its weak emphasis on climate accountability raises concerns
  • Rahul meets leaders of farm unions, launching of movement against India-US trade deal discussed

    LoP Rahul Gandhi met farm union leaders at Parliament to plan a national movement against the India-US interim trade deal. Leaders argued the pact threatens corn, soy, and cotton farmers, while Gandhi accused the government of compromising food security
  • Asia shares mostly lower after sharp Wall Street losses on AI-related worries

    Asian markets mostly fell Friday, tracking Wall Street losses amid investor concerns over AI disruptions impacting tech stocks. Tokyo, Hong Kong, Shanghai, and Australia saw declines, while South Korea’s Kospi gained. U.S. inflation data and tech earnings influenced global market sentiment
  • Sensex, Nifty tumble over 1 pc as IT stocks drag markets

    Benchmark equity indices Sensex and Nifty fell over 1 per cent in early trade on Friday, led by sharp losses in IT stocks amid weak global cues and concerns over AI-led disruptions. Broader markets also witnessed heavy selling.
  • Rupee slips 8 paise to 90.69 against US dollar in early trade

    The rupee weakened by 8 paise to 90.69 against the US dollar in early trade on Friday, pressured by a stronger dollar and weak equities. However, stable inflation data and domestic fundamentals provided some support, forex traders said.
  • Nifty IT plunges over 5 pc amid AI fears and weaker US rate-cut hopes

    Nifty IT index plunged 5.51% to a four-month low, with major IT stocks including TCS, Infosys, and Tech Mahindra falling sharply. Investor fears over AI disruption and stronger US jobs data dampened hopes for near-term rate cuts, triggering a market selloff.
  • Gold, silver slip as dollar strengthens on firm US jobs data

    Gold and silver prices declined on Thursday as a stronger US dollar, supported by firm jobs data, weighed on bullion. Analysts said labour market strength could delay US rate cuts, while investors awaited key inflation data for further cues.
  • Sensex, Nifty slide in early trade as IT stocks drag markets

    Benchmark indices Sensex and Nifty declined in early trade on Thursday, dragged down by sharp losses in IT stocks amid weak US market cues and rising crude oil prices. Analysts warned of continued pressure on technology shares.
  • Rupee jumps 38 paise to 90.40 on dollar amid inflows, RBI support

    The rupee strengthened 38 paise to 90.40 against the US dollar in early trade on Thursday, aided by foreign fund inflows and suspected RBI intervention. Ample liquidity, easing dollar index and cautious global cues supported the currency.
  • Editorial: Upswing in Indo-Canadian ties

    Mark Carney’s pragmatic approach has sent a clear message that anti-India elements cannot misuse Canadian freedoms to malign India
  • MIC Electronics bags Rs 1.46 crore Northern Railways contract

    MIC Electronics Limited has received a Letter of Acceptance from Northern Railways for a Rs 1.46 crore project to supply, install, and commission passenger information and telecom infrastructure.
  • Editorial: Domestic aircraft manufacturing, an uphill task

    Gaps in supply chains, technology, skilled manpower, and capital pose formidable challenges to India’s domestic aircraft manufacturing
  • BSE shares jump nearly seven per cent after strong Q3 results

    Shares of BSE Ltd surged nearly seven per cent to a 52-week high after the exchange reported a nearly threefold rise in consolidated profit for the December quarter. Strong growth in derivatives trading and listings boosted earnings and investor sentiment.
  • Rupee slips 11 paise against US dollar in early trade

    The rupee fell 11 paise to 90.77 against the US dollar in early trade on Tuesday as markets remained cautious after the India-US interim trade framework. Forex experts cited fading optimism and global uncertainties despite steady foreign inflows
  • Gold, silver surge on weaker dollar and geopolitical tensions

    Gold and silver prices surged sharply on Monday, supported by a weaker US dollar, rising geopolitical uncertainty and renewed hopes of US Federal Reserve rate cuts, with MCX silver hitting fresh intraday highs before witnessing mild profit booking.
  • Sensex, Nifty open higher amid FII inflows and India-US trade optimism

    Equity benchmark indices Sensex and Nifty opened higher on Monday, tracking firm Asian markets, foreign fund inflows and optimism following an interim trade agreement between India and the US, while gains were capped by mixed sectoral cues.
  • Rupee rises 21 paise in early trade as India-US interim trade pact boosts sentiment

    The rupee strengthened 21 paise to 90.44 against the US dollar in early trade on Monday, buoyed by positive sentiment after India and the US reached a framework for an interim trade pact, alongside firm equities and a weaker dollar.
  • Editorial: Maintaining status quo

    Stability in benchmark lending rates, combined with a supply-side push in the recent Union Budget, is expected to complement demand traction across sectors
  • Washington Post publisher Will Lewis to step down, days after big layoffs

    Former editor Martin Baron slams Bezos for attempting to curry favour with President Donald Trump, calling the turmoil at the Post “near-instant, self-inflicted brand destruction”
  • Tariff relief as India, US finalise framework for interim trade pact

    India and the US have reached a framework for an interim trade agreement, slashing tariffs on key goods, easing trade barriers and boosting market access. The pact aims to enhance exports, protect sensitive sectors and pave the way for a bilateral trade agreement
  • Govt gets financial bids for IDBI Bank strategic sale: DIPAM Secretary

    The privatisation of IDBI Bank has been stalled for over three years, after the government and LIC invited expressions of interest in October 2022 to sell a combined 60.72 per cent stake
  • Gold slips, silver tumbles over 3 pc on strong dollar, tech sell-off

    Gold prices edged lower while silver tumbled over 3 per cent on Friday, pressured by a stronger US dollar and a sell-off in global tech stocks. Analysts termed the fall a technical correction, with long-term fundamentals remaining supportive.
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