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The Indian rupee ​closed out the year with a second straight ⁠monthly decline in December, a period in which it fell past the 91-per-dollar mark for the first time, before intervention by the Reserve ‌Bank of ‌India helped spark a recovery.
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Six largecap stocks, including Shriram Finance and Vodafone Idea, hit fresh 52-week highs amid a strong market rally, posting monthly gains of up to 17%.
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Indian governments ‍bonds slumped for a second straight ​month in December as the central bank’s rate cut and ⁠liquidity infusion did not sufficiently encourage investors, who were plagued by rising supply worries and tepid risk appetite.
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MCX will be open for trading on January 1 during the day session from 9 am to 5 pm and will remain closed in the evening session. Similarly, NCDEX will operate in the morning session but will observe a holiday in the evening session.
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Geojit Financial Services upgrades Nifty50 base case to 29,150 for 2026, with a bull case of 31,330. The brokerage outlines key domestic and global drivers, and recommends a portfolio allocation with 60% large caps, 15% mid caps, 10% small caps, 10% debt, and 5% gold & silver.
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Copper prices retreat sharply on MCX after a strong 2025 rally, but analysts say supply disruptions, a weaker dollar, and demand expectations continue to support the metal’s broader bullish outlook.
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Apollo Micro Systems shares climbed on Wednesday after the defence company announced new orders worth approximately Rs 420 crore. A significant contract from a Coal India subsidiary for bulk explosives was part of the announcement. The company also secured an export order. These wins expand its presence in explosives and defence segments. Earlier, it received...
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