Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, said gold maintained a firm upward bias last week, climbing almost 4 per cent on MCX and finishing near Rs 1,58,000. He noted that the rally was mainly driven by the recent 6 per cent increase in import duty, which pushed domestic prices…
Top stocks to buy today (AI image) Stock market recommendations: Motilal Oswal Wealth Management Research Desk recommends picking up Syrma SGS, and Max Financials as the top stocks for the trading week starting May 18, 2026: Stock Rating CMP (Rs) Target (Rs) Upside (%) Syrma SGS Buy 1016 1300 28% Max Financials Buy 1601 1980…
Oil prices extended their rally on Monday, jumping more than 2% as intensifying geopolitical tensions kept traders on edge and efforts to de-escalate the Middle East conflict showed little progress. Sentiment was further shaken after reports of an attack on a nuclear power plant in the United Arab Emirates. Alongside this, US President Donald Trump…
MUMBAI: Muthoot Fincorp has approved plans to raise up to Rs 4,000 crore through an initial public offering of equity shares and a share split, as part of a broader capital-raising programme cleared by its board on May 16, even as the company reported growth in its latest financial results.In an exchange filing, the company…
NEW DELHI: Around half of India’s online fashion and beauty shoppers are now Gen Z, and platforms are rapidly realigning to keep pace. Significantly, the cohort also boasts 1.5x the e-retail spend share on categories such as lifestyle, beauty, and electronics compared to other age groups, driving growth in a market that has more than…
Seeking relief: Onion growers want an MSP of Rs 3,500/quintal and a Rs 1,500-a-quintal compensation for distress sales Rain clouds rolled over Maharashtra’s onion belt. Then came war winds from West Asia. Prices collapsed. Crops rotted. Farmers counted losses in rupees — and sold tears by the quintal. Across Nashik, Solapur and Chhatrapati Sambhajinagar, onion…
India emerged as one of the fastest-growing steel markets as global steel prices rose across major regions in April and early May, according to a Goldman Sachs report. In its “Global Steel: The Steel Market Barometer – May Update”, Goldman Sachs said average hot rolled coil (HRC) prices increased across nearly all major markets in…
NEW DELHI: India’s exports of jewellery fell in April 9.07 per cent amid geopolitical tensions in Middle East and uncertainty in key markets, according to data from the Gem & Jewellery Exaport Promotion Council (GJEPC). The overall exports stood at $2,226.45 million (Rs 20,825.01 crore), down from $2,448.53 million (Rs 20,952.26 crore) in the same…
Foreign investors have continued withdrawing from Indian equities, with net outflows reaching Rs 27,048 crore so far this month. The selling spree reflects the cautious stance among global investors amid shifting global macroeconomic conditions and ongoing geopolitical uncertainty.Data from the NSDL shows that Foreign Portfolio Investors (FPIs) have pulled out a total of Rs 2.2…
Last week, the combined market capitalisation of nine of the top 10 most valued firms fell by Rs 3.12 lakh crore, with Reliance Industries registering the sharpest decline.Broader market sentiments also remained weak with the 30-share BSE Sensex dropping 2,090.2 points, or 2.7%, while the 50-share NSE Nifty slipped 532.65 points, or 2.2%.“Markets ended the…