MUMBAI: The rupee weakened to a record closing low of 96.53 against the dollar on Tuesday, marking its sixth consecutive session of decline, as sustained high crude oil prices and adverse global cues weighed on the currency. The local unit closed 18 paise lower compared to 96.35 in the previous session, after touching an intraday…
“Indian equity markets were expected to open on a cautious negative note, with Gift Nifty trading at 23,431 down by 133 points. Global equities remained muted following weak cues from the US markets, as investors turned cautious amid rising bond yields and persistent geopolitical uncertainties.In the previous session, The Nifty 50 erased early gains due…
Top stocks to buy today (AI image) Stock market recommendations: Ashok Leyland, Bikaji Foods International, and Waaree Energies have been picked as the top stocks to buy on May 20, 2026:Ashok Leyland: Fibonacci Confluence Support with Harmonic CompletionBuy: ₹153–150 | Stop Loss: ₹145 | Target: ₹165ASHOKLEY is showing signs of stability near the crucial ₹150…
Gold prices staged a recovery on Tuesday, climbing Rs 800 to reach Rs 1.63 lakh per 10 grams in the national capital, as optimism surrounding possible progress in US-Iran talks helped ease worries about inflationary pressures. Market participants said gold of 99.9% purity increased by Rs 800 to Rs 1,63,600 per 10 grams, inclusive of…
NEW DELHI: State-owned Bharat Petroleum Corporation (BPCL) reported a flat net profit in Q4FY26 after taking an impairment loss of Rs 4,349 crore on its upstream assets. It’s net profit in Q4 was Rs 3,191.5 crore compared with Rs 3,214.1 crore in the year-ago period. For FY26, its net profit soared 75% YoY to Rs…
Gold prices fell by more than 1% on a firmer US dollar and as persistent inflation fears kept interest rate hike expectations and US treasury yields high. Spot gold was down 1.4% at $4,504 per ounce. Prices fell to their lowest level since March 30 earlier in the session. US gold futures for June delivery…
NEW DELHI: India’s automotive industry is facing mounting pressure from rising commodity prices and global trade uncertainty, even as long-term demand and the shift towards electric mobility continue to support growth prospects, Assocham president Nirmal Minda said.He told TOI that raw material costs across plastics, aluminium and tungsten had increased sharply, putting pressure on manufacturers…
Food and beverages major PepsiCo will invest up to Rs 5,700 crore in India by 2030, with the planned spending largely aimed at expanding manufacturing capacity across its foods business, PTI reported.The investment will primarily support facilities in Madhya Pradesh, Assam and Tamil Nadu as the company looks to strengthen its footprint in one of…
Come March 2026, with the US-Iran war, Russian oil flows to India reached levels last seen a few years ago. (AI image) Missiles, mines, attacks on ships, US blockade, Iran’s closure – the Strait of Hormuz has de facto been closed since the start of the Middle East conflict since late February. Several weeks later,…
With a decentralised Application Programming Interface (API)-based model aimed at reducing costs, lowering latency and improving service delivery for market participants, market regulator Sebi on Tuesday proposed a major overhaul of the existing Straight-Through Processing (STP) framework seeking to replace the current centralised hub-based structure, PTI reported.In a consultation paper, Sebi proposed removing the current…