Representative image | Photo Credit: Reuters Gems and jewellery stocks were in the limelight on Tuesday (February 3, 2026) after India and the U.S. agreed to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18% from the current 25%. India-U.S. trade deal LIVE Shares of Goldiam International…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee gained 42 paise to close at 91.51 (provisional) against the U.S. dollar on Monday (February 2, 2026), a day after the Union Budget 2026-27 was presented, largely as crude oil prices retreated from their elevated levels. Also Read | Rupee hits all-time…
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Foreign Portfolio Investors (FPIs) remained in a selling mode in January, withdrawing nearly ₹36,000 crore (about $3.97 billion) as global uncertainties persisted. Meanwhile, a higher securities transaction tax (STT) proposed in the Union Budget may weigh on overseas investor participation in the near future. The…
Stock markets rebounded on Monday (February 2, 2026) with benchmark Sensex jumping by 943 points on value buying in blue-chip oil & gas, banking and auto shares after facing a massive drubbing on the Budget day. The 30-share BSE Sensex rallied 943.52 points or 1.17%, to settle at 81,666.46. During the day, it surged 1,009.31…
At the interbank foreign exchange market, the rupee opened at 91.95 against the U.S. dollar, then gained some ground to 91.56, registering a gain of 37 paise over its previous close. File. | Photo Credit: Reuters The rupee gained 37 paise to 91.56 against the U.S. dollar in early trade on Monday (February 2, 2026),…
Finance Minister Nirmala Sitharaman delivered a mixed bag to capital market prioritising long-term capital instruments over short term one in Budget 2026-27. While raising tax on derivative transactions, the FM increased investment limits for NRIs, rationalised taxation on share buybacks, and proposed measures to deepen bond markets. Ms. Sitharman proposed to raise the STT on…
Finance Minister Nirmala Sitharaman introduced major changes in the way securities, shares and investments are taxed in the Union Budget 2026-27. The Budget increases the tax on derivative trades. What is the net effect of a Securities Transaction Tax (STT) raise on derivative contract on retail investors and brokers? Will the intended effect pan out?…
In the previous session, the yellow metal plunged ₹31,617, or 17.2%, to close at ₹1,52,345 per 10 grams. File | Photo Credit: Reuters Gold and silver prices plunged up to 9% in futures trade on Sunday (February 1, 2026), hitting their lower circuit levels ahead of the Union Budget for 2026-27, as investors extended profit…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee recovered from its lowest level and gained 9 paise to trade at 91.90 against the American currency in early deals on Friday (January 30, 2026), supported by lower crude oil prices in the international market. According to forex traders, a sharp recovery…
The start of 2026 has seen gold and silver surge to record highs – only to crash on Friday. Gold prices peaked above USD 5,500 (AUD 7,900) per ounce for the first time on Thursday, well above previous highs. But by the end of Friday, it had dropped to around USD 5068 (AUD 7,282). Silver…
