Business

16

Jul

By The Press Editor

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Business

Sensex ends flat, Nifty below 24,100 as investors turned cautious amid weakness in Asian markets | Markets

Mumbai: Benchmark indices Sensex and Nifty ended a volatile trading session almost flat as investors turned cautious amid weakness in Asian markets due to a sharp sell-off in semiconductor stocks. The 30-share BSE Sensex closed 1.44 points higher at 77,186.87. During the day, the benchmark hit a high of 77,579.69 and a low of 77,086.42, gyrating 493.27 points. The 50-share NSE Nifty ended 5.75 points or 0.02 per cent lower at 24,072.75. Similarly, the broader market was under pressure and ended the session in the red. While the BSE MidCap Select Index fell 12.27 points or 0.07 per cent, the…

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16

Jul

By The Press Editor

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Business

Jewellery stock in focus as company shares update on repayment of outstanding debt to consortium banks | Markets

Mumbai: Shares of Delhi-based jewellery company PC Jeweller Ltd will be in focus during today's trading session as the company has shared updates on repayment of outstanding debt to consortium banks ahead of schedule. According to information shared with exchanges, the company has now repaid all outstanding debt owed to four of the 14 consortium banks. "In line with its objective of achieving a debt-free status in the current quarter itself, the Company has successfully cleared and repaid all its outstanding debt under the terms of Settlement Agreement dated 30 September 2024 with respect to 1 more bank," the exchange…

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16

Jul

By The Press Editor

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Business

Amid rise in crude oil prices, government hikes windfall tax on diesel, ATF – Here’s what it means | Business

New Delhi: Amid rising crude oil prices due to renewed tensions in the Middle East, the government has increased the windfall gains tax on exports of diesel and ATF, while lowering the levy on petrol for the fortnight beginning July 16. The government reviews the windfall tax every 15 days. The rate of Special Additional Excise Duty (SAED) on diesel exports has been increased to Rs 15.5 a litre from Rs 8.5 a litre. Similarly, SAED on ATF exports has been raised to Rs 14.5 per litre from Rs 7.5 per litre till July 15. However, the export duty on…

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16

Jul

By The Press Editor

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Business

Gold falls to Rs 1.41 lakh per 10 grams, silver drops by Rs 1,600 per kg | Check city-wise rates | Markets

Mumbai: Rates of precious metals in futures dropped on Wednesday, July 16, 2026, as investors remained cautious amid persistent global uncertainties. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 819 or 0.57 per cent at Rs 1,41,031 per 10 grams against the previous close of Rs 1,41,850. It fell further to an intraday low of Rs 1,41,000, down Rs 850 or 0.59 per cent. In between, it touched an intraday high of Rs 1,41,433. Last seen, it was trading at Rs 1,41,225, down Rs 625, or 0.44 per cent. On the…

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16

Jul

By The Press Editor

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Business

Laser Power & Infra shares shine in debut trade, list at over 25% premium over IPO price on BSE | Markets

Mumbai: Amid volatility in the benchmark indices, shares of Laser Power & Infra Ltd made a strong debut on the bourses on Thursday, July 16, 2026, listing at a 25 per cent premium over the issue price of Rs 214. The stock opened at Rs 269 on the BSE, up 25.70 per cent from the issue price. However, it later tumbled amid profit-booking, hitting a low of Rs 250 apiece. Last seen, it was trading at Rs 260 with a drop of Rs 9 or 3.35 per cent from the listing price and the market cap of the company stood…

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16

Jul

By The Press Editor

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Business

Sensex, Nifty open in green amid rally in IT stocks, HCL Tech gains over 2% | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, continued the upward trend for the second straight session amid mixed global cues on July 15, 2026. While the 30-share BSE Sensex jumped 202.99 points or 0.26 per cent to start the session at 77,388.42, the Nifty added 63.6 points to open at 24,142.10. In the last trading session, the Sensex closed at 77,054.94 and the Nifty 50 at 24,078.50. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index was up by 53.02 points, the BSE Smallcap Select Index gained 17.23 points…

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15

Jul

By The Press Editor

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Business

Multibagger smallcap stock in focus, has offered 1,142% return in five years: Check details | Markets

Mumbai: Amid the continued volatility in the stock market, the stock of hospitality and lifestyle company Spice Lounge Food Works Ltd is on investors' radar today, i.e. on July 15, 2206. At the time of writing the report, the company's shares were trading at Rs 24.47, up 1.28 per cent or Rs 0.31 on the BSE. The market cap of the company stood at Rs 1,705.86 crore. In between, the scrip touched an intraday high of Rs 24 and a low of Rs 24. This follows the company's announcement to exchanges that it has opened its first Wing Zone outlet…

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15

Jul

By The Press Editor

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Business

Sensex ends higher, Nifty settles above 24,050 after volatile session, Eternal gains over 3% | Markets

Mumbai: Benchmark indices Sensex and Nifty ended the volatile trading session in the green on Wednesday amid a sharp surge in global crude oil prices. The 30-share BSE Sensex gained 130.49 points or 0.17 per cent to settle at 77,185.43. During the day, the benchmark hit a high of 77,646.27 and a low of 76,982.82, gyrating 663.45 points. The 50-share NSE Nifty was up by 26.45 points or 0.11 per cent and ended the session at 24,078.50. Similarly, the broader market ended the session in the green. While the BSE MidCap Select Index gained 107.89 points or 0.59 per cent,…

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15

Jul

By The Press Editor

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Business

NSE, SBI Mutual Funds IPOs push unlisted shares into focus: How to buy, tax rules and risks involved | Personal-finance

New Delhi: SBI Mutual Funds Management IPO is now open for subscription, and NSE is running global roadshows this week ahead of a targeted September listing. Unlisted shares are back in focus - and this time, more than one stock is moving. Amid this, let’s understand everything related to unlisted shares - how you can buy them, the risks involved, and how they are taxed.  SBI Mutual Funds Management's unlisted stock has climbed from Rs 675 in January 2026 to roughly Rs 820 as of July 8, hitting a lifetime high of Rs 870 on June 23, the day its SEBI…

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15

Jul

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Business

Varanasi to get relief from traffic jams as Cabinet approves Ganga, Varuna elevated corridors: Details | Business

New Delhi: The Union Cabinet on Wednesday approved a mega road project for Varanasi, which includes an 89-kilometre elevated road network along the rivers Ganga and Varuna. According to the information shared, the elevated corridors will be developed under the Hybrid Annuity Model (HAM). The Hybrid Annuity Model (HAM) is a public-private partnership (PPP) framework used by the Government of India (primarily by the NHAI) to build national highways. The two highway projects, approved by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, will be built with a total investment of nearly Rs 25,500 crore. Elevated…

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