Business

10

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex adds 489.36 points, Nifty above 23,850, Indigo gains over 4%

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a positive note on Friday, amid strong global cues. While the 30-share BSE Sensex added 489.36 points or 0.63 per cent to start the session at 77,121.01, the Nifty gained 105.45 points to open at 23,880.55. In the last trading session, the Sensex closed at 77,562.90 and the Nifty 50 at 23,775.10. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index added 104.87 points, the BSE Smallcap Select Index was up by 34.57 points or 0.46 per…

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09

Apr

By The Press Editor

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Business

India caps refinery margins after windfall tax to curb fuel losses as global oil crisis hits domestic prices

New Delhi: India has moved to restrict refinery margins after imposing a windfall levy on fuel exports aiming to cushion the growing losses on domestic petrol and diesel sales. The ongoing conflict in West Asia has triggered a sharp rise in global crude prices which has left state-run oil marketers struggling to keep retail rates unchanged while refinery profits balloon, news agency PTI reported citing sources. To counter the uneven gains and ensure adequate domestic availability, the government recently levied a Special Additional Excise Duty on diesel and ATF exports. This move was aimed at preventing refiners from earning excessive…

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09

Apr

By The Press Editor

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Business

PPF Extension Rule: For how long can you keep it going, and what are the options? Full details

New Delhi: If you invest in a Public Provident Fund (PPF), this information is essential. Most people are aware that the government-run small savings scheme has a 15-year investment period. Investments made in PPF mature after this tenure. However, you can continue investing even after 15 years. PPF remains the safest, tax-free, and guaranteed return small savings scheme, and therefore, if you don't need the money immediately, you can remain invested and avail the benefits of long-term investment. Here's all you need to know about the PPF extension rule. Maturity period of PPF The lock-in and maturity periods for the…

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09

Apr

By The Press Editor

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Business

Stock markets slump amid fresh tensions in West Asia, Indigo among top losers

Mumbai: Equity benchmark indices Sensex and Nifty tumbled on Thursday, April 9, 2026, after an impressive rally in the previous session as crude oil prices surged amid fresh tensions in West Asia that threatened the ceasefire reached between the US and Iran. The 30-share BSE Sensex fell -931.25 points or 1.20 per cent to settle at 76,631.65. During the day, it plunged 1,125 points or 1.50 per cent to 76,347.90. The 50-share NSE Nifty slumped 222.25 points or 0.93 per cent to end at 23,775.10. A total of 1,670 stocks declined, while 1,573 advanced and 80 remained unchanged on the…

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09

Apr

By The Press Editor

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Business

TCS Q4 Results: IT major announces final dividend of Rs 31, profit after tax inches up 1.35%

Mumbai: Country's largest IT services company, Tata Consultancy Services Ltd (TCS), has announced its quarterly results for the quarter ending March 31, 2206. The company has reported a 12.22 per cent jump in its March-quarter net profit to Rs 13,718 crore. The IT major had reported a net profit of Rs 12,224 crore in the January-March period a year ago, and Rs 10,657 crore in the preceding December quarter. According to the information shared with the exchanges, for the fiscal year 2025-26, its profit after tax inched up 1.35 per cent to Rs 49,210 crore, as against Rs 48,553 crore…

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09

Apr

By The Press Editor

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Business

Om Power Transmission IPO: Check latest GMP, price band and other details

Mumbai: The initial public offering (IPO) of power transmission infrastructure engineering, procurement, and construction (EPC) company Om Power Transmission Limited is now open for subscription. According to the information available, the three-day subscription window will end on April 13. The IPO comprises up to 85,75,000 equity shares with a face value of Rs 10 each, comprising a fresh issue aggregating up to 75,75,000 equity shares and an offer for sale of up to 10,00,000 equity shares.  At the time of writing the report, the portion meant for qualified institutional buyers (QIBs) got subscribed 0.65 times, and non-institutional investors attracted 0.05…

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09

Apr

By The Press Editor

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Business

Defence stock surges 15% on successfully completing blast trials for limpet mines, check details

Mumbai: Shares of defence company Apollo Micro Systems Ltd (AMSL) surged nearly 15 per cent on Thursday, April 9, 2026, even as equity benchmark indices Sensex and Nifty slumped as oil prices surged amid fresh tensions in West Asia, which threatened the ceasefire reached between the US and Iran. The stock opened flat at Rs 208.05 on the National Stock Exchange (NSE) and dipped to touch the intraday low of Rs 207.11. However, the stock picked up momentum after the company shared an update regarding successfully completing blast trials for limpet mines. Amid this, the stock witnessed a spurt in…

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09

Apr

By The Press Editor

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Business

Gold, silver prices fall on MCX amid fresh tensions in West Asia | Check city-wise rates

Mumbai: A day after the rally, the rates of precious metals in futures fell on Thursday, April 9, 2026, as crude oil prices rose again to above USD97 a barrel on scepticism over a fragile ceasefire between the US and Iran. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 1,129 or 0.74 per cent at Rs 1,50,647 per 10 grams against the previous close of Rs 1,51,776. However, it later rebounded and touched the intraday high of Rs 1,51,776. Last seen, it was trading at Rs 1,51,242 with a drop of…

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09

Apr

By The Press Editor

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Business

NTPC top gainer of Sensex 30 pack after signing MoU with France’s EDF, trades close to 52-week high

Mumbai: Shares of homegrown power giant NTPC are in action on Thursday, April 9, 2026, even as benchmark indices Sensex and Nifty tumbled in early trade amid a rise in crude oil prices. The 30-share BSE Sensex dropped 243.57 points to 77,319.33 in opening trade. The 50-share NSE Nifty declined 88.3 points to 23,909.05. Despite this downfall, the stock opened in the green at Rs 378, up Rs 3.75 or 1 per cent from the previous close of Rs 374.25. The scrip gained further to touch the high of Rs 381.20, representing a gain of Rs 6.6 or 1.78 per…

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09

Apr

By The Press Editor

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Business

OLA Electric Share Price: EV stock surges over 16% despite weakness on Dalal Street, here’s why

Mumbai: Shares of Ola Electric Mobility continued their upward trend on Thursday, even as benchmark indices Sensex and Nifty tumbled in early trade amid concerns of a potential ceasefire breach. The 30-share BSE Sensex dropped 243.57 points to 77,319.33 in opening trade, while the 50-share NSE Nifty shed 88.3 points to 23,909.05. Despite this weakness, shares of Ola Electric started the trading session in the green at Rs 30.49 against the previous close of Rs 30.29 on the BSE. 

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