The Indian stock market witnessed a sharp fall in intraday trade on Sunday, after the finance minister presented her ninth consecutive budget. The Sensex closed 1,546.84 points lower at 80,722.94, while the Nifty shed 495.20 points to settle at 24,825.45, reflecting a decline of nearly 2%. Market breadth was negative, with 2,299 shares declining against…
Sectorally, the Nifty PSU Bank and the Nifty Metal were the primary laggards, tumbling over 4% due to concerns over high government borrowing and falling global commodity prices. Conversely, IT stocks bucked the trend, gaining nearly 0.6%, following a supportive change in the taxation of share buybacks. Despite the knee-jerk reaction to transaction costs, the…
(Bloomberg) — Saudi Arabian equities dropped the most in almost ten months on Sunday as a global metals selloff hit local miners and speculation intensified over the possibility of military attacks involving the US, Iran and Israel. The Tadawul All Share Index slid 1.9% in Riyadh, its biggest drop on a closing basis since April….
(Bloomberg) — Price, relevance, conviction — Bitcoin is bleeding all three. The world’s largest cryptocurrency slipped below $76,000 in thin weekend trading, dropping about 40% from its 2025 peak and revisiting levels last seen in the aftermath of the “Liberation Day” tariff fallout. What began as a sharp crash in October has morphed into something…
NEW YORK — Once considered an oddity in American homes, bidets are becoming increasingly common as more people seek a hygienic and sustainable alternative to toilet paper or a hand managing certain physical conditions. Toilet paper shortages during the COVID-19 pandemic helped demystify the devices for US consumers, although Italy, Japan and some other countries…
Gold, Silver price today: Metal stocks came under intense selling pressure on Friday, January 30, mirroring the sharp correction seen in gold, silver, and other base metals. Shares of Hindustan Zinc Limited, Vedanta Limited, Hindustan Copper Limited, and National Aluminum Company Limited witnessed steep declines as weakening commodity prices hurt sentiment across the space. This…
The Indian stock market came under heavy selling pressure during a special trading session on Sunday, February 1, as metal stocks once again emerged as the major drag. PSU banks also joined the sell-off, causing key indices to snap their three-day gaining run. The Nifty 50 slumped nearly 2% to the 24,825 level, marking its…
Ace investor and Chief Executive Officer (CEO) of Capitalmind Asset Management, Deepak Shenoy, said that the new taxation rules for the Sovereign Gold Bonds (SGBs) are negative for the new bond market investors who are looking to buy the asset class from the secondary market. Union Finance Minister Nirmala Sitharaman, in Sunday’s Budget 2026 speech,…
Budget 2026 STT announcement: The Income Tax Department on Sunday clarified about the new STT rules on F&O announced by Finance Minister Nirmala Sitharaman in Budget 2026. Presenting her ninth consecutive Budget on Sunday, 1 February, FM Nirmala Sitharaman proposed to hike the Securities Transaction Tax (STT) on futures and options (F&O) trading. “I propose…
stock market today: The Indian stock market saw a sharp intraday sell-off in a special trading session on Sunday, February 1, following the Finance Minister’s ninth straight Budget presentation, which outlined steps to boost economic growth while adhering to fiscal discipline. The Sensex plunged over 2,800 points from the day’s peak, while the Nifty 50…
