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Jindal Stainless has seen a significant profit increase of 42.7 percent in its fourth quarter. This growth is attributed to robust domestic demand for its stainless steel products. The company’s net revenue also saw a healthy rise. Despite challenges like fuel shortages and shipping delays, Jindal Stainless is expanding its production capacity.
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Indian markets closed higher as election trends boosted sentiment. Stocks such as Valor Estate, BHEL, and Vedanta surged, whereas Sun TV, Avenue Supermarts, and Kotak Bank declined.
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Wall ​Street futures whipsawed on Monday after conflicting reports about a U.S. warship near the Strait of Hormuz heightened investor anxiety over the Middle East conflict.
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​Several Nifty 500 companies reported over 100% year-on-year net profit growth in Q4FY26, reflecting strong earnings momentum. Firms like Eternal, India Cements, Kajaria Ceramics, and Chennai Petroleum led gains, showcasing improved profitability across sectors including finance, banking, and manufacturing.​
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The National Stock Exchange introduced Electronic Gold Receipts, enabling dematerialised gold trading backed by physical assets in regulated vaults. The initiative enhances transparency, liquidity, and accessibility, bridging physical gold with financial markets for investors, jewellers, and institutions.
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