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Gold prices have reached new record highs on the MCX. This surge is fueled by safe-haven buying due to geopolitical tensions and a weak rupee. Experts believe the upward trend will continue, supported by global factors.
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MRPL shares rebounded sharply after a three day decline as investors took comfort from strong Q3 earnings and the company’s move to explore Venezuelan crude purchases while halting Russian imports to comply with international sanctions.
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CreditAccess Grameen shares jumped significantly after HSBC and CLSA upgraded the stock to Buy. This followed strong December quarter results. The company reported a substantial net profit increase driven by margin expansion and lower provisions. Asset quality improved, and new borrowers were added. Robust liquidity and a healthy capital position were also noted.
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Real estate leaders are urging the Union Budget 2026 to prioritize policy continuity and targeted reforms. Key demands include expanding affordable housing definitions, interest subsidies for first-time buyers, and quicker project approvals. Developers also seek GST rationalization and industry status. Increased institutional capital and infrastructure development are seen as vital for sustained growth and employment...
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Axis Securities has identified 26 stocks across eight sectors poised for growth following the Union Budget 2026. Key themes include infrastructure spending, consumption recovery, and manufacturing, with specific picks in banking, cement, pharma, and auto sectors expected to benefit from anticipated policy support and increased capital expenditure.
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Indian equities opened lower on Wednesday, extending the previous session’s sharp selloff and pushing the Sensex and Nifty to over three-month lows. Persistent foreign fund outflows, mixed corporate earnings, and ongoing global trade and geopolitical concerns continue to dampen market sentiment.
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Indian government bonds saw gains early Wednesday, driven by expectations of Reserve Bank of India (RBI) secondary market purchases and potential open market operations. The benchmark 10-year bond yield dipped slightly as traders anticipate RBI intervention to manage liquidity and support demand amid global pressures.
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Shares of Tata Teleservices (Maharashtra) have fallen more than 6% in two sessions after its December-quarter results, as investors looked beyond a sharp narrowing of losses and focused on an 11.5% year-on-year decline in revenue and weak technical indicators that signalled continued near-term pressure on the stock.
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United Spirits shares dropped more than three percent on Wednesday. The Diageo-controlled liquor maker’s third-quarter revenue growth did not excite investors. The company’s net profit rose by over twenty-four percent to Rs 418 crore. However, revenue from operations saw a modest increase of two point seven one percent.
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Jammu and Kashmir Bank is on track for a fourth consecutive year of record profits, despite facing challenges like the Pahalgam attack and floods. The bank reported a 10.4% year-on-year rise in net profit to Rs 586.73 crore for the third quarter, driven by robust growth in advances and deposits, and improved asset quality.
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