Business

02

Apr

By The Press Editor

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Business

Sensex, Nifty pare losses to end session in green amid buying in blue-chip IT stocks at lower levels

Mumbai: Equity benchmark indices Sensex and Nifty bounced back and pared all of their losses to end the session in the green as investors rushed to buy blue-chip IT stocks at lower levels. After a volatile trading session, the Nifty finally closed above 22,700. The BSE Sensex gained 185.23 points, or 0.25 per cent, to close at 73,319.55, while the Nifty rose 33.70 points, or 0.15 per cent, to 22,713.10. The market witnessed a broad-based rally. A total of 2,548 stocks advanced, 1,505 declined, and 147 remained unchanged. "The early weakness was largely driven by persistent concerns around elevated crude…

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02

Apr

By The Press Editor

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Business

Mumbai Metro Lines 2B and 9 to begin partial operations from April 3, here’s all you need to know

Mumbai: A few sections of Mumbai Metro Line 2B and Metro Line 9 are all set to open to the public from April 3, 2026, bringing metro connectivity to several key city and suburban areas. In the initial phase, Line 2B will serve the segment between DN Nagar in western Mumbai and Mandale (Mankhurd), covering five stations, including Mandale, Mankhurd, BSNL Metro, Shivaji Chowk, and Diamond Garden, thereby linking Andheri West, Bandra-Kurla Complex (BKC), Kurla, and Chembur with the eastern suburbs. Meanwhile, Line 9's first phase will operate on a 4.5 km stretch between Dahisar and Mira Road, including stations…

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02

Apr

By The Press Editor

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Business

DA hike likely to be announced soon, here’s how much government employees can expect – Check details

New Delhi: There's some good news for central government employees and pensioners. After a long wait, it's now expected that an increase in dearness allowance (DA) could be announced this week. If this happens, millions of employees and pensioners will see a significant increase in their salaries and pensions. According to media reports, the government may increase DA by about 3 per cent this time. After this, the dearness allowance will increase from 58 per cent to 61 per cent. Earlier, in October 2025, DA was increased from 55 per cent to 58 per cent, effective July 1, 2025. How…

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02

Apr

By The Press Editor

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Business

Gold drops below Rs 1.48 lakh per 10 grams, silver falls Rs 19,000 on MCX | Check city-wise rates

Mumbai: Gold Price Today, Gold MCX Rate: Rates of precious metals in futures tumbled on Thursday, April 2, 2026, as President Donald Trump's address to the nation failed to offer a clear timeline for ending the US-Iran war. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a dip of Rs 1,218 or 0.79 per cent at Rs 1,52,490 per 10 grams against the previous close of Rs 1,53,708. It later fell to touch the low of Rs 1,47,100, a dip of Rs 6,608 or 4.29 per cent. Last seen, it was trading at Rs 1,48,796…

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02

Apr

By The Press Editor

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Business

This steel stock surges over 4% despite market sell-off, here’s what behind the rally

Mumbai: Despite a sharp decline in the stock market on Thursday, shares of Rathi Steel and Power Limited traded in the green. The upward movement in the stock came after the company shared a significant business update, reporting its revenue figures for the previous quarter. The company has reported revenue of approximately Rs 244.8 crore in the fourth quarter (Q4) of FY26, while total income for the full fiscal year FY26 was approximately Rs 716.7 crore. This represents a strong year-on-year (YoY) growth of approximately 41.8 per cent compared to Rs 505.43 crore in FY25. According to the company, its…

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02

Apr

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Business

Amir Chand, Powerica shares make weak market debut, Sai Parenteral’s stock lists at over 3% premium

Mumbai: Shares of two out of three companies made a weak debut on bourses on Thursday, April 2, 2026, amid a weak broader trend as equity benchmark indices Sensex and Nifty declined 2 per cent in early trade amid rising geopolitical tensions. Shares of power solutions provider Powerica Ltd listed at a discount of over 7 per cent from the issue price of Rs 395. The stock was listed at Rs 366, slipping 7.34 per cent from the issue price on the NSE. On the BSE, it debuted at Rs 375, registering a 5.06 per cent decline from the issue…

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02

Apr

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Business

Indigo shares fall 5% as airfares to rise after airline announces Rs 275 to Rs 10,000 revised fuel charges

Mumbai: Shares of IndiGo (InterGlobe Aviation Ltd) fell 5 per cent on Thursday as airfares are set to rise after the country's largest airline announced revised fuel charges ranging from Rs 275 to Rs 10,000. The stock opened gap down with a fall of 2.18 per cent at Rs 4,089.95 against the previous close of Rs 4,180.90 on the BSE. The counter fell further to touch the intraday low of Rs 3,970.05, representing a 5.04 per cent dip. Last seen, the stock was trading at Rs 4,024.90 with a fall of 3.73 per cent, and the market cap of the…

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02

Apr

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Business

Government waives full customs duty on key petrochemical products to ensure supply stability amid US-Iran war

New Delhi: As uncertainties continue over when the US-Iran war will end, the government on Thursday announced temporary relief measures for industries reliant on petrochemical inputs. As the global supply chain continues to be disrupted, the government has exempted the import of critical petrochemical products from customs duty. The move will also provide relief to consumers of final products amid the crisis in West Asia.  Exemption Valid till June 30 The duty exemption, which is valid until June 30, will benefit sectors dependent on petrochemical feedstock and intermediates, such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components, and other manufacturing…

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02

Apr

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Business

Market Opening Bell: Sensex falls 872 points, Nifty below 22,400 as war jitters over Iran deepens

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, started the trading session on a negative note on Thursday, following weak global cues amid heightened war jitters over Iran.  While the 30-share BSE Sensex tumbled 872.27 points or 1.38 per cent to start the session at 72,262.05, the Nifty fell 296 points to open at 22,383.40. In the last trading session, the Sensex closed at 73,134.32 and the Nifty 50 at 22,679.40. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap Select Index shed 176.18 points, or 1.17 per cent, in the early…

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01

Apr

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Business

Jewellery stock gains 9% on allotment of 7.90 crore lakh shares, check price and other details

Mumbai: Shares of Delhi-based PC Jeweller surged 9 per cent on Wednesday as equity benchmarks Sensex and Nifty bounced in early trade, tracking a sharp rally in global markets amid hopes of a potential de-escalation in the ongoing West Asia conflict. The 30-share BSE Sensex jumped 1,899.53 points to 73,847.08 in early trade. The 50-share NSE Nifty surged 572.55 points to 22,903.95. The action in the stock also comes as the company has informed exchanges about the allotment of shares to non-promoter categories.  Allotment of 79.04 lakh shares  The company has informed exchanges that out of the total 48.08 crore…

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