Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee gained 42 paise to close at 91.51 (provisional) against the U.S. dollar on Monday (February 2, 2026), a day after the Union Budget 2026-27 was presented, largely as crude oil prices retreated from their elevated levels. Also Read | Rupee hits all-time…
Stock markets rebounded on Monday (February 2, 2026) with benchmark Sensex jumping by 943 points on value buying in blue-chip oil & gas, banking and auto shares after facing a massive drubbing on the Budget day. The 30-share BSE Sensex rallied 943.52 points or 1.17%, to settle at 81,666.46. During the day, it surged 1,009.31…
Image used for representative purpose only. | Photo Credit: Reuters Stock market benchmark indices Sensex and Nifty rebounded in early trade on Monday (February 2, 2026) driven by value-buying in blue-chip firms, after facing massive drubbing on the Budget day. The 30-share BSE Sensex climbed 302 points to 81,024.94 during initial trade. The 50-share NSE…
Finance Minister Nirmala Sitharaman delivered a mixed bag to capital market prioritising long-term capital instruments over short term one in Budget 2026-27. While raising tax on derivative transactions, the FM increased investment limits for NRIs, rationalised taxation on share buybacks, and proposed measures to deepen bond markets. Ms. Sitharman proposed to raise the STT on…
Finance Minister Nirmala Sitharaman introduced major changes in the way securities, shares and investments are taxed in the Union Budget 2026-27. The Budget increases the tax on derivative trades. What is the net effect of a Securities Transaction Tax (STT) raise on derivative contract on retail investors and brokers? Will the intended effect pan out?…
After opening the day on a positive note, the 30-share BSE Sensex later fluctuated and quoted 13 points up. File | Photo Credit: Reuters Stock market benchmark indices Sensex and Nifty gained momentum and were trading higher in morning trade on Sunday ahead of the Budget 2026-27 presentation. After fluctuating in early trade, the 30-share…
In the previous session, the yellow metal plunged ₹31,617, or 17.2%, to close at ₹1,52,345 per 10 grams. File | Photo Credit: Reuters Gold and silver prices plunged up to 9% in futures trade on Sunday (February 1, 2026), hitting their lower circuit levels ahead of the Union Budget for 2026-27, as investors extended profit…
The start of 2026 has seen gold and silver surge to record highs – only to crash on Friday. Gold prices peaked above USD 5,500 (AUD 7,900) per ounce for the first time on Thursday, well above previous highs. But by the end of Friday, it had dropped to around USD 5068 (AUD 7,282). Silver…
Benchmark equity indices Sensex and Nifty ended lower on Friday (January 30, 2026), snapping a three-day rally, dragged by metal, IT stocks and caution ahead of the Budget presentation on February 1. Fresh foreign fund outflows and weakness in the rupee also added to the bearish trend in the equity markets. The 30-share BSE Sensex…
Image used for representational purposes only. File | Photo Credit: Reuters The rupee on Friday (January 30, 2026) hit its record low of 92.02 before ending a tad higher at 91.97 against the U.S. dollar, amid a firm American currency and volatile geopolitical cues. Forex traders said sustained withdrawal of foreign funds and a negative…
