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Japan’s Nikkei share ‍average climbed nearly 4% to close ​at a record high on Tuesday, rebounding from a ⁠decline posted in the previous session, after the sell-off of precious metals paused.
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Reliance Industries’ shares rose after a new India‑US trade deal cut tariffs to 18% and opened the possibility of Venezuelan crude resuming to India. Reliance’s heavy crude processing capacity positions it as a key beneficiary amid shifting global oil sourcing.
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Former RBI Deputy Governor R Gandhi backs the Union Budget 2026’s long-term economic vision. He highlights tax stability as key for investor confidence. Gandhi also explains the Securities Transaction Tax hike aims to curb speculation, not hinder price discovery. This approach supports India’s Viksit Bharat 2047 goals, fostering a sustainable investment climate.
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Power Grid shares rose sharply, extending their two-day rally after the PSU raised its FY26 capex and capitalisation guidance. Strong Q3 results, higher government investment plans, and bullish technical indicators have boosted investor sentiment, with the stock trading above key moving averages and showing further upside potential.
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Former Finance Minister P Chidambaram has strongly criticized the Union Budget 26. He stated the budget lacks a clear economic strategy. Key concerns include India’s manufacturing sector remaining stagnant, a persistent unemployment crisis, and a slow pace of fiscal consolidation. Chidambaram also pointed out a significant cut in capital expenditure and a widening trade deficit...
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Zerodha’s trading platform Kite experienced significant disruptions on Tuesday, with users reporting forced logouts, login failures, and inaccurate portfolio data. These issues occurred during a period of heightened market activity, preventing traders from capitalizing on a sharp rally in Indian equities following an India-US trade deal. Zerodha acknowledged the problems and stated its teams were...
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Eternal shares surged9% after global brokerage Jefferies added it to its India model portfolio, citing strong growth and improving margins. Jefferies highlighted Eternal’s quick commerce success and set a street-high target price, anticipating significant upside. The company’s Q3 results showed robust profit and revenue growth, with food delivery demand recovering.
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A landmark India-US trade deal has sent the Sensex and Nifty soaring. This agreement is expected to bring back foreign institutional investors, reversing significant outflows. Several sectors, including auto ancillaries, chemicals, textiles, and IT services, are poised to benefit. The deal enhances earnings visibility and strengthens India’s position as a safe haven.
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Bajaj Housing Finance shares rose sharply on Tuesday after the company reported a strong Q3 show. Its net profit soared 21% YoY to Rs 665 crore, signalling strong growth momentum. Strong NII growth, a 23% rise in AUM, and robust asset quality supported sentiment, though technical indicators pointed to cautious short-term momentum.
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