Business

14

Jul

By The Press Editor

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Business

Sensex sheds 561 points, Nifty settles below 24,100, investors lose over Rs 2 lakh crore | Markets

Mumbai: Benchmark indices Sensex and Nifty came under renewed pressure on Tuesday as escalating tensions in West Asia drove crude oil prices sharply higher. The 30-share BSE Sensex dropped 561.46 points or 0.72 per cent to settle at 77,054.95. During the day, the benchmark hit a high of 77,402.79 and a low of 77,001.48, gyrating 401.31 points. The 50-share NSE Nifty was down by 158.95 points or 0.66 per cent and ended the session at 24,052.05. Similarly, the broader market was under pressure and ended the session in the red. While the BSE MidCap Select Index fell 186.51 points or…

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14

Jul

By The Press Editor

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Business

Jewellery stock in focus ahead of board meet to discuss expansion strategy, raise funds: Check details | Markets

Mumbai: Amid the volatility in the stock market, shares of Delhi-based PC Jeweller are on investors' radar as the company has informed exchanges that its board of directors will meet on Thursday, July 16, 2026, to discuss its business expansion strategy and consider a proposal to raise funds through a Qualified Institutions Placement (QIP). This fundraising will be done by issuing shares, subject to shareholder and regulatory approval. The company stated that the proceeds from the QIP will primarily be used for business expansion, strategic growth projects, capital requirements, and general corporate purposes.  The company will repay its remaining debt…

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14

Jul

By The Press Editor

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Business

Wholesale inflation rises to 9.87% in June, fuel and power recorded highest hike among major groups | Business

New Delhi: A sharp rise in food and non-food prices pushed wholesale inflation to 9.87 per cent in June, up from 9.68 per cent in May, according to the latest data released by the government. Fuel and Power recorded the highest inflation among major groups at 27.41 per cent, followed by Manufactured Products at 7.48 per cent and Primary Articles at 7 per cent. The increase was largely driven by mineral oils, crude petroleum and natural gas, chemicals and chemical products, and basic metals.  “Rise in energy, petrochemicals and metals points to renewed cost-push inflation with broad-based acceleration, with inflation…

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14

Jul

By The Press Editor

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Business

Precious metals snap 2-day fall, gold gains nearly 1% on MCX and silver jumps by Rs 3.7k per kg | Check city-wise rates | Markets

Mumbai: Gold Price Today, Gold MCX Rate: Rates of precious metals in futures rebounded on Tuesday, July 14, 2026, even as escalating tensions in the Middle East continued to weigh on global risk sentiment. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 640 or 0.45 per cent at Rs 1,40,949 per 10 grams against the previous close of Rs 1,40,309. It further touched an intraday high of Rs 1,41,698, a gain of Rs 1,389 or 0.98 per cent. In between, it touched an intraday low of Rs 1,40,796. Last seen, it…

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14

Jul

By The Press Editor

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Business

Crude oil price hits 4-week high amid the escalating Middle East conflict, will it rise further? | Markets

New Delhi: Crude oil prices are once again witnessing a sharp rise amid escalation in tensions between Iran and the United States. The US launched its third straight night of strikes on Iran following President Donald Trump's announcement of a multiday wave of attacks and a fresh blockade on Iranian trade in the Strait of Hormuz. Amid this, international crude oil prices rose above USD 80 per barrel, pushing the weekly oil gain to more than 10 per cent and hitting a 4-week high. According to experts, US oil is trading with a cautiously positive bias. "Immediate resistance is placed…

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14

Jul

By The Press Editor

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Business

Sensex drops 344 points, Nifty below 24,100 amid weak global cues, India VIX remains above 13 | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a weak note on July 14, 2026, amid weak global cues as the continuing exchange of military strikes between the United States and Iran rattled investor sentiment. While the 30-share BSE Sensex tumbled 344.06 points or 0.44  per cent to start the session at 77,272.34, the Nifty shed 143 points to open at 24,068. In the last trading session, the Sensex closed at 77,616.40 and the Nifty 50 at 24,211. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap…

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14

Jul

By The Press Editor

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Business

SBI Funds Management IPO GMP today, price band, issue size, share listing date and other details | Markets

Mumbai: The initial public offering (IPO) of State Bank of India's asset management arm, SBI Funds Management Ltd (SBIFM), will open for subscription today, i.e., July 14, 2026. Ahead of this, the firm raised Rs 2,663 crore from anchor investors, with the issue attracting strong participation from global and domestic institutional investors. The company's Rs 9,795-crore public issue is entirely an offer for sale (OFS) of up to 17.09 crore equity shares by existing shareholders State Bank of India (SBI) and Amundi. The price band has been fixed at Rs 545-574 per equity share, and investors will be able to…

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13

Jul

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Business

Sensex, Nifty witness strong recovery to end session flat amid rally in IT stocks, TCS gains over 5% | Markets

Mumbai: Benchmark indices Sensex and Nifty witnessed a strong intraday recovery from the day's lows and ended largely flat after opening on a weak note amid escalating geopolitical tensions between the United States and Iran and weak global cues. The 30-share BSE Sensex gained 47.01 points or 0.06 per cent to settle at 77,616.40. During the day, the benchmark hit a high of 77,789.29 and a low of 76,857.43, gyrating 931.85 points. The 50-share NSE Nifty was up by 4.10 points or 0.02 per cent and ended the session at 24,211. However, the broader market ended in the green. While…

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13

Jul

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Business

Lucknow-Kanpur Expressway inaugurated, check toll charges, speed limit, travel time and other details | Business

Lucknow: Union Defence Minister Rajnath Singh today inaugurated the Lucknow-Kanpur National Expressway (NE-6), connecting the state capital with Kanpur. The inauguration ceremony was also attended by Union Road Transport and Highways Minister Nitin Gadkari and Uttar Pradesh Chief Minister Yogi Adityanath. This project will significantly reduce travel time between Lucknow and Kanpur. While the expressway has been inaugurated, it is not open to public use at this time. Below, we have listed all the details about the expressway that travellers must know. When will the expressway open for the general public? The Lucknow-Kanpur Expressway will open to public traffic at…

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13

Jul

By The Press Editor

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Business

IT stock below Rs 50 hits upper circuit as US unit signs 5-year agreement with SpaceX International | Markets

Mumbai: Shares of Hyderabad-based technology firm Blue Cloud Softech Solution witnessed strong buying towards the end of the trading session and showed good recovery after the company informed exchanges that its United States subsidiary, Blue Cloud Softech Solutions Ltd – USA (BCSSL-USA), has executed a definitive five-year Master Services Agreement (MSA) for Artificial Intelligence (AI) services with SpaceX International Ltd, Malaysia. The company has not disclosed detailed commercial terms, pricing, implementation schedules, customer-specific operational information or other confidential provisions of the agreement, citing confidentiality obligations. However, it stated that it will make further disclosures as required under applicable law and the SEBI…

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