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Titan MD Ajoy Chawla attributes bolstered consumer demand to the online betting ban, GST rationalization, income tax slab relaxation, and increased infrastructure investment. He noted that while gold buying volumes in terms of customers remain flat, grammage has seen a decline, mirroring industry trends.
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Domestic institutional investors’ stock purchases in February dropped to their lowest since April 2025, with inflows cut by over half compared to the last six months. This decline is attributed to lackluster market returns over 18 months and a shift in investor interest towards outperforming precious metals like gold and silver.
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Vishal Mega Mart’s promoter, Samayat Services LLP, is set to sell a 6.5% stake through a block deal at Rs 115 per share, a 10% discount to the current market price. This move comes as the company reported a 19% rise in net profit for the December quarter.
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Sebi warns investors about fake notices demanding Securities Transaction Tax payments. Fraudsters are using forged Sebi letterheads to deceive people. The market regulator clarifies it does not issue such notices. Investors are urged to verify all communications. Sebi also cautions against unregistered individuals promising risk-free profits and handling trading accounts. Investors should check Sebi registration...
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Walmart will pay $100 million to settle FTC charges that it misled customers and drivers regarding earnings in its Spark Driver program. The company falsely claimed all tips went to drivers and inflated base pay and tip amounts. This settlement also prohibits Walmart from misrepresenting future delivery offers.
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Nifty 50 and BSE Sensex ended largely unchanged as financial stocks, led by HDFC Bank, offset gains in auto and FMCG shares. Analysts flagged weak momentum, bearish technical signals and key support near 25,400, indicating choppy trade and possible near-term downside.
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Home First Finance shares fell nearly 6% after promoters Aether and True North sold Rs 660 crore stake via bulk deals to Societe Generale and PICTET. Despite the decline, the stock has outperformed benchmarks over one year and posted strong quarterly profit growth.
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The Nifty ended flat as financial stocks dragged despite gains in auto and consumer sectors. Technical indicators signal continued weakness, with resistance at 25,550–25,600 and downside risk toward 25,300. Analysts recommend buying Data Patterns and Finolex Cables on bullish breakouts.
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The ​S&P 500 ​and the ​Nasdaq were muted at the open on Thursday, ‌as ⁠Nvidia’s stellar ⁠earnings garnered ​a tepid reception, while broader ​technology stocks lost ground as investors assessed ​risks to ⁠the ‌AI trade.
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The number of Americans filing new applications for jobless benefits increased marginally last week ​and the unemployment rate appeared ​to hold steady in February amid a stable labor market.
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