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Indian government bonds rose by close of trade on Friday as the central bank sold lesser debt than scheduled at a weekly auction, providing some relief in a bearish market.
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Shriram Finance Ltd, the flagship company of diversified conglomerate Shriram Group, on Friday reported a 7 per cent increase in consolidated net profit at Rs 2,314 crore in the second quarter of the current fiscal year.
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Benchmark indices ended lower for the second session as profit booking and weak global cues weighed on sentiment. Navin Fluorine, BEL and PSU banks gained, while Vedanta and Bandhan Bank slipped.
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Indian stocks concluded Friday with a decline, marking a second consecutive day of losses for the Sensex and Nifty. Investors engaged in profit-booking amidst mixed corporate results and cautious global sentiment, influenced by a stronger U.S. dollar and the Federal Reserve’s dovish outlook on rate cuts.
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Diagnostics services company Dr Lal Path Labs on Friday announced an interim dividend of Rs 7 per equity share for the financial year 2025-26.
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The Indian rupee faced a modest depreciation on Friday, yet it resiliently stayed above its all-time low, buoyed by dollar sales from government banks. The currency concluded the month on a subdued note, while the Indian equity markets reflected a similar downturn.
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Market strategist Gautam Shah, Founder of Goldilocks Premium Research, expects the Nifty to break past 26,200 soon, opening room for a 5–10% upside. He remains bullish on PSU banks, metals, and real estate, while maintaining caution on IT. With strong technical support at 25,600, Shah sees India entering its next bullish phase.
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Market veteran CA Rudramurthy BV anticipates India’s benchmark indices to reach new record highs, viewing market dips as buying opportunities. He highlights strong earnings, renewed FII buying, and easing global uncertainties as key drivers for the ongoing rally. Rudramurthy is particularly bullish on IT, PSU banks, OMCs, metals, and new-age tech platforms.
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Vedanta Q2 Results: ​​Vedanta’s net profit dropped 59% in Q2 to Rs 1,798 crore. However, the company reported its highest-ever quarterly revenue at Rs 39,868 crore. Vedanta also achieved a record second-quarter EBITDA of Rs 11,612 crore. Strong operational performance in aluminium, zinc, and other segments supported these results. The company is poised for its...
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Gold prices slipped nearly 8% from their record Rs 1,32,200 peak amid profit booking and rising yields, but analysts dismiss bubble fears, calling it a healthy correction. Experts expect prices to retest Rs 1.35 lakh once global uncertainties ease.
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