Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 was above 25,100, BSE Sensex was up over 250 points.
Donald Trump declared the completion of a significant trade agreement with Japan, averting a threatened 25% tariff. The deal includes a 15% American tariff on Japanese imports and a $550 billion Japanese investment in the U.S., purportedly generating numerous jobs. Japan will also open its markets to American cars, trucks, rice, and other agricultural products,…
Blinkit’s rapid expansion has significantly boosted Eternal CEO Deepinder Goyal’s wealth, increasing it by Rs 2,000 crore in two trading sessions. Eternal’s stock surged, driven by Blinkit surpassing Zomato in net order value. This rally propelled Eternal’s market capitalization past Rs 3 lakh crore, exceeding giants like Wipro and Tata Motors.
India has officially ratified the Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA), submitting the ratification document to Norway. Expected to be implemented by October 1, the agreement anticipates $100 billion in investment from the EFTA bloc over 15 years.
The rupee weakened to 86.38 against the US dollar due to India-US trade deal uncertainty and foreign fund outflows. Despite softer crude oil prices and a weaker dollar providing some support, negative domestic equity trends limited gains. Traders are cautious ahead of US economic data releases, with the USD-INR spot price expected to trade between…
Gold prices in the national capital surged by Rs 1,000, reaching Rs 1,00,020 per 10 grams, driven by strong buying from stockists. Silver also saw a significant increase, climbing Rs 3,000 to Rs 1,14,000 per kilogram. Globally, spot gold experienced a slight dip as investors await insights from US Federal Reserve officials and key economic…
Paytm achieved a net profit of Rs 123 crore in the June quarter, marking a turnaround after previous losses, driven by cost-cutting measures and AI integration. Revenue surged to Rs 1,917.5 crore, a 28% year-on-year increase, fueled by merchant subscriptions and financial services distribution.
US stock markets showed mixed performance near record highs as investors digested earnings reports and trade policy signals. General Motors warned of a potential multi-billion dollar tariff hit, while homebuilders experienced a surge due to strong profits despite ongoing market challenges. Treasury yields remained stable amid expectations of future Federal Reserve rate cuts.
Paytm achieved its first-ever consolidated net profit of Rs 122.5 crore in Q1 FY26, a significant turnaround from a loss of Rs 840 crore in the previous year. This profitability was driven by cost optimization, increased payment revenues, and AI-led operating leverage. The company saw revenue growth, a surge in merchant subscriptions, and a doubling…
