Day

January 23, 2026
Silver prices surged past $100 an ounce for the first time, while gold reached a new record near $5,000/oz. Investors are flocking to safe-haven assets due to geopolitical tensions, expected U.S. interest rate cuts, and supply shortages. Platinum and palladium also saw significant gains.
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Intel’s ‍shares plunged 14% on Friday after the ​company struggled to meet strong artificial intelligence-driven demand for data-center chips ⁠due to supply constraints, disappointing investors betting on its turnaround.
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MCX posted a sharp Q3FY26 surge, with profit up 151% and revenue rising 121%, driven by booming derivatives volumes, strong bullion participation, new product launches and expanding options activity, supported by governance focus and readiness.
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Shriram Finance reported a 29% drop in third quarter net profit at Rs 2,522 crore as against Rs 3,570 crore. The company attributed the fall in profit to the exceptional gain of Rs 1489 crore it received for sale of its stake in subsidiary Shriram Housing Finance.
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Kotak Mahindra Bank is expected to post modest Q3FY26 profit growth of 1–3%, aided by steady loan expansion, stable margins and improving asset quality. Brokerages see resilient earnings, controlled credit costs and moderate NII growth ahead of results on January 24.
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U.S. ‍stocks ​opened mostly lower ⁠on Friday, putting the main indexes on track ‌for ‌a second consecutive weekly ‌drop, as Intel tumbled on a downbeat outlook and lingering ​geopolitical concerns ​kept risk appetite ‌in ‍check.
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BPCL posted an 89% surge in Q3FY26 net profit to Rs 7,188 crore on higher refining margins and revenue growth. The oil PSU also declared a Rs 10 interim dividend, while maintaining a stronger balance sheet with lower leverage.
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Hindustan Zinc’s market value crossed Rs 3 lakh crore after a threefold surge in silver prices propelled the stock to the top of India’s metals sector. Shares jumped over 6% on Friday, with the company overtaking peers including parent Vedanta. Strong fundamentals and rising silver prices have prompted multiple broker upgrades.
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Urban Company slipped to a Rs 21 crore Q3 loss as heavy investment in InstaHelp hurt earnings, despite 33% revenue growth. Core businesses stayed profitable, margins improved, and management expects continued growth while near-term losses persist from expanding housekeeping services.
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