Business

28

Jan

By The Press Editor

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Business

Upper circuit alert: Stock surges 10% on bagging order from Chhattisgarh government, check details

Technically, the stock trades higher than the 5-day moving averages but lower than the 20-day, 50-day, 100-day and 200-day moving averages. Mumbai: Shares of Hyderabad-headquartered MIC Electronics Limited (MICEL) were locked in a 10 per cent circuit on Wednesday as the company has informed exchanges about the receipt of an order from the Chhattisgarh government. The stock started the trading session in green as the benchmark indices Sensex and Nifty surged in early trade, extending their previous day's rally, on optimism over the India-EU FTA. The counter began the session at Rs 36.01 against the previous close of Rs 35.40.…

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28

Jan

By The Press Editor

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Business

Dividend Stock: Share India Securities gains as company announced third interim dividend, check amount

The stock's 14-day relative strength index (RSI) is 30.8. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of technology-driven financial company Share India Securities are in action today, i.e. on January 28, 2026, as the company has announced a third interim dividend for the financial year 2025-26. The company, which is a provider of algo trading solutions, opened gap up with a gain of 4.86 per cent at Rs 147.75 on the BSE against the previous close of Rs 140.90. Amid a spurt in trading…

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28

Jan

By The Press Editor

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Business

Stocks to watch today: Marico, Vodafone Idea, Titagarh Rail and Hindalco among shares in focus

Stocks to watch today: Foreign Institutional Investors (FIIs) remained net sellers and offloaded equities worth Rs 3,068.49 crore on January 27, 2026, while Domestic Institutional Investors (DIIs) extended their buying streak for the 104th day with net purchases of Rs 8,999.71 crore. Mumbai: Indian equity benchmark indices witnessed a volatile trading session but ended on a positive note, snapping the recent corrective trend as selective buying emerged across heavyweight stocks amid supportive global cues and earnings-driven optimism. The Nifty ended 126.75 points higher at 25,175.40, while the Sensex was up by 319.78 points to close at 81,857.48. With US equity…

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28

Jan

By The Press Editor

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Business

PC Jeweller shares in focus as Q3 profit jumps 28% on higher revenue, check details

Total income rose to Rs 2,603.32 crore during the April-December period of this fiscal from Rs 1,671. 77 crore in the corresponding period of the preceding year. Mumbai: Shares of Delhi-based PC Jeweller Ltd will be in focus on Wednesday, January 28, 2026 as the company has reported a 28 per cent increase in its consolidated net profit at Rs 190.10 crore in the quarter ended December, mainly on festive demand. Its net profit stood at Rs 147.96 crore in the year-ago period. Total income grew to Rs 900.51 crore in the October-December period of this fiscal from Rs 683.44…

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28

Jan

By The Press Editor

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Business

Shadowfax Technologies IPO listing on NSE, BSE: Stock lists at discount of 9%, check details

Shadowfax Technologies IPO listing on NSE, BSE: Stock lists at discount of 9%, check details Mumbai: Shares of Shadowfax Technologies on Wednesday listed with a discount of nearly 9 per cent against the issue price of Rs 124. The stock of the company started the trade at Rs 113, lower by 8.87 per cent from the issue price on the BSE. At the NSE, it declined 9.19 per cent to Rs 112.60 in opening deals. 

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28

Jan

By The Press Editor

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Business

Market Opening Bell: Sensex, Nifty start session in green amid positive global cues

Sensex, Nifty Today: In early trade, market breadth was positive, with 1,672 stocks advancing against 539 stocks declining on the NSE. 126 stocks remained unchanged. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the green on Wednesday, January 28, 2026, amid positive global cues. While the 30-share BSE Sensex added 34.88 points to start the session at 81,892.36, the Nifty gained 83.45 points to open at 25,258.85. In the last trading session, the Sensex closed at 81,857.48 and the Nifty 50 at 25,175.40.  From the Sensex pack, Axis Bank, Baja Finance, ITC, Reliance and Trent were among…

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28

Jan

By The Press Editor

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Business

Budget 2026: SBI seeks tax relief on bank deposits, insurance and pension reforms

It said that the tax treatment for interest income on bank deposits should be brought at par with long-term and short-term capital gains (LTCG and STCG). New Delhi: Ahead of the Union Budget 2026, State Bank of India (SBI) has urged the central government to announce wide-ranging reforms in taxation, insurance and pension sectors to boost household financial savings, ease compliance burdens and strengthen social security coverage. In a recent report, SBI highlighted a decline in bank deposits as a share of household financial savings, which fell from 38.7 per cent in FY24 to 35.2 per cent in FY25. To…

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27

Jan

By The Press Editor

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Business

Market Opening Bell: Sensex sheds 100 points, Nifty below 25,100 despite positive global cues

Sensex, Nifty Today: In early trade, market breadth was negative, with 1,840 stocks declining against 765 stocks rising on the NSE. 97 stocks remained unchanged. Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the red on Tuesday, January 27, 2026, despite positive global cues. While the 30-share BSE Sensex shed 100.91 points to start the session at 81,436.79, the Nifty dropped 14.7 points to open at 25,063.35. In the last trading session, the Sensex closed at 81,537.70 and the Nifty 50 at 25,048.65. Similarly, the broader indices traded in the green in the opening session. While the…

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27

Jan

By The Press Editor

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Business

From FDI inflows to defence partnership, check all the details of India-EU FTA in 10 points

India's cumulative FDI inflows from the EU from April 2000 to September 2024 totalled USD 117.4 billion, with about 6,000 EU firms operating in India. New Delhi: India and Europe on Tuesday announced sealing of an ambitious free trade agreement - billed as "mother of all deals" - that came against the backdrop of a fractious global environment and trade disruptions largely caused by Washington's policy on tariff. This will be the 19th trade deal for India. The FTA will help boost the country's exports to the 27-nation bloc. As part of the agreement, EU will eliminate duty in a…

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27

Jan

By The Press Editor

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Business

Budget 2026: Employment and exports take centre stage in industry expectations – Survey

The industry has demanded strong support for exports amidst challenges such as global trade conflicts, tariffs, and non-tariff barriers (such as CBAM and deforestation-related regulations). New Delhi: Prior to the Union Budget 2026-27, a recent FICCI survey says that the budget should keep job creation and giving a boost to exports as its top priority areas, especially in the backdrop of increasing uncertainties in global trade. The majority of participants in the survey expressed confidence in the country's medium-term growth prospects. While nearly half of the participants were of the view that GDP growth would remain in the 7-8 per…

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