Business

12

Feb

By The Press Editor

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Business

Stock under Rs 50 hits upper circuit in opening session even as markets decline dragged by IT firms

A smallcap stock under Rs 50 surged 5 per cent to hit the upper circuit, extending its seven-day rally, even as Sensex and Nifty declined in early trade amid IT losses and weak US cues. Mumbai: Benchmark equity indices Sensex and Nifty declined in early trade on Thursday, dragged down by heavy losses in IT stocks amid weak cues from US markets. Extending the previous day's decline, the 30-share BSE Sensex dropped 421.66 points, or 0.50 per cent, to 83,811.98 in early trade. The 50-share NSE Nifty fell 121.10 points, or 0.47 per cent, to 25,832.75. According to analysts, rising…

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12

Feb

By The Press Editor

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Business

Gold drops Rs 1,054, silver down by 1.6% on the MCX | Check city-wise rates

Gold futures on MCX fell below Rs 1.58 lakh per 10 grams, while silver dropped over 1% on February 12, 2026, amid a stronger US dollar. Check the latest MCX and international gold and silver prices. Mumbai: Rates of precious metals in futures trade edged lower on Thursday, February 12, 2026, as the US dollar firmed after stronger-than-expected January jobs data dented expectations for near-term interest rate cuts. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 755 or 0.47 per cent at Rs 1,58,000 per 10 grams against the previous close…

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12

Feb

By The Press Editor

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Business

From MRF to Hindustan Copper: These stocks to trade ex-date soon, check amount and record date

Several stocks including BEML, MRF, Mazagon Dock, and Axita Cotton are set to trade ex-date for dividends and bonus issues on February 12 and 13, 2026. Investors must hold shares on or before the ex-date to be eligible. Mumbai: Indian equity markets ended the volatile session on February 11, 2026, on a flat note. At the close on Wednesday, the Sensex slipped 40.28 points or 0.05 per cent to 84,233.64, while the Nifty gained 18.70 points or 0.07 per cent to settle at 25,953.85. While markets remained volatile, there is an opportunity for investors to earn some additional profit from…

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12

Feb

By The Press Editor

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Business

Market Opening Bell: Sensex falls 260 points, Nifty holds 25,900, IT stocks drag

Sensex fell 265 points, and Nifty slipped 47 points at the open on February 12, 2026. Broader markets traded in the red. Analysts see 25,900 as key support for Nifty. GIFT Nifty signalled a positive start, while FIIs extended buying. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the red on Thursday, February 12, 2026, amid mixed global cues. While the 30-share BSE Sensex dropped 265.21 points to start the session at 83,968.43, the Nifty shed 47.15 points to open at 25,906.70. In the last trading session, the Sensex closed at 84,233.64 and the Nifty 50 at…

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11

Feb

By The Press Editor

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Business

FMCG stock surges 8% in volatile market ahead of quarterly results, check details

The stock's 14-day relative strength index (RSI) is 53.86. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of frozen meat exporter HMA Agro Industries gained nearly 8 per cent even as markets remained volatile. The action in the stock comes ahead of the scheduled meeting of the board of directors of the company on February 12, 2026, to consider and approve the financial results of the company for the quarter and nine months ended on December 2025. The stock started the trading session in green…

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11

Feb

By The Press Editor

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Business

Another top exit in 6 months at Akasa Air as co-founder Praveen Iyer resigns

Akasa Air Co-founder and CCO Praveen Iyer has resigned, becoming the second senior leader to exit the airline in four months. The airline confirmed he will assist with the transition until April 30, 2026. New Delhi: Akasa Air's co-founder and chief commercial officer (CCO) Praveen Iyer has resigned, marking the second high-level exit at the over three-year-old airline in four months. In a statement issued on Wednesday, the airline said that after a remarkable five-year journey, Iyer has decided to move on to begin the next chapter of his life. He will partner closely with the leadership team to ensure a smooth…

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11

Feb

By The Press Editor

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Business

UP presents Rs 9.12 lakh crore budget: How does it compare to Pakistan and can it match Indian state’s outlay?

Uttar Pradesh has unveiled a record Rs 9.12 lakh crore Budget for 2026–27, the largest in the state’s history. The outlay is 1.5 times bigger than Pakistan’s FY26 federal budget, with major allocations for capex, infrastructure, education, and health. Lucknow: Chief Minister Yogi Adityanath-led Uttar Pradesh government has presented a record Budget of Rs 9.12 lakh crore for the financial year 2026-27. The Budget, tabled by Finance Minister Suresh Kumar Khanna in the state Assembly, is the largest in the state's history and is being seen as the last full Budget ahead of the Assembly elections scheduled early next year.…

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11

Feb

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Business

Stock under Rs 50 ended in green even as markets closed flat after volatile trade, check details

The company, in an exchange filing, said that it has received a Letter of Acceptance (LoA) from the Howrah Division of the Eastern Railway Zone of the Indian Railways. Mumbai: MIC Electronics Ltd., a manufacturer of railway signalling systems and LED displays, today announced another major order from the Indian Railways. Following this update, the stock ended the trading session in the green even as stock markets ended the session flat after volatile trade. While Sensex dropped 40.28 points to settle at 84,233.64, the Nifty gained 18.70 to close at 25,953.85. Earlier, the counter started the trading session in the…

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11

Feb

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Business

Rs 86 crore warrant conversion: This FMCG stock closes volatile session in green

The action in the stock comes as the company has officially completed the conversion of all outstanding warrants into equity shares, raising approximately Rs 86.83 crore. Mumbai: Shares of rice exporter GRM Overseas Ltd ended in green even as benchmark stock indices Sensex and Nifty closed on a flat note in a choppy session on Wednesday. The stock opened in the green at Rs 162 on the BSE, up from the previous close of Rs 161.30. During the day, it touched a high of 164.90 and a low of Rs 161.30. The scrip ended the trading session at Rs 162.90…

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11

Feb

By The Press Editor

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Business

Education sector stock recovers from day’s low even as markets remain volatile, check details here

According to the BSE Analytics, the stock has delivered a return of 1216.30 per cent in five years and 177.87 per cent in three years. However, the stock has corrected 7.78 per cent on a year-to-date (YTD) basis, as against the dip of 1.14 per cent in the benchmark index. Mumbai: Shares of Shanti Educational Initiatives are in focus as the company has announced its financial results for the October-December quarter of the FY26. The stock opened gap down with a loss of 2.58 per cent at Rs 172 against the previous close of Rs 176.55 on the BSE.…

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