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Reliance Industries is staging its strongest rally since 2020, with the stock up over 26% in 2025 and adding Rs 4.4 lakh crore in market value. Now near the Rs 21-lakh crore mark and at a fresh 52-week high, the surge is driven by rising refining margins, telecom tariff hikes, strong retail momentum and multiple value-unlocking triggers across its businesses.
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HAL shares plunged after a Tejas fighter jet, manufactured by the company, crashed during a demonstration at the Dubai Air Show, resulting in the death of Wing Commander Namansh Syal.
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Gold and silver prices saw a dip on Monday. A strong US dollar pressured the precious metals. International gold prices also slipped. This was due to the dollar nearing a six-month peak. Expectations of a December interest rate cut by the Federal Reserve are fading. US job growth data reinforced this view.
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The U.S. economy took an $11 billion hit from the prolonged government shutdown, but officials remain optimistic about strong growth in 2026 as inflation eases, energy prices fall, and new tax and trade measures support demand. A temporary slowdown is expected in the near term, but improving housing data and policy actions point to a stronger year ahead.
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Global markets are on edge ahead of the Federal Reserve’s December meeting, with investor sentiment heavily influenced by mixed economic data and shifting interest rate expectations. A dovish comment from the New York Fed President briefly lifted equities, but concerns remain that rate cut expectations may outpace actual data, especially with key labor reports missing.
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