State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making firm in the Indian financial sector in the March quarter, netting a little over Rs 23,400 crore. Even among Central Public Sector Enterprises, the Corporation maintained the number one position for fourth-quarter profit for FY26. Last week, LIC reported a 23 per…
Domestic stock markets ended lower on a volatile Friday, dragged by banking, metal and realty stocks, breaking their two-session winning streak. Nifty declined 46.10 points, or 0.19%, to close at 23,643.50, while the BSE Sensex settled at 75,237.99, down 160.73 points, or 0.21%. Meanwhile, the volatility gauge India VIX ended at 18.79, up 0.95% from…
The combined market valuation of nine of the top 10 valued firms eroded by Rs 3.12 lakh crore last week, with Reliance Industries taking the biggest hit. Last week, the 30-share BSE Sensex plunged by 2,090.2 points, or 2.7 per cent, while the 50-share NSE Nifty declined 532.65 points, or 2.2 per cent. “Markets ended…
Indian equity benchmarks witnessed another session of heavy selling on Tuesday, marking their fourth consecutive day of declines, as weakness persisted across sectors with IT, banking, automobile and consumer stocks bearing the brunt of the pressure. The NSE Nifty50 dropped 436.30 points, or 1.83%, to end at 23,379.55, while the BSE Sensex tumbled 1,456.04 points,…
Domestic equities rallied sharply on Wednesday, buoyed by a drop in crude oil prices below the $100-per-barrel mark and optimism around a potential US–India trade agreement. Buying was broad-based, with banks, auto, pharma and realty stocks leading the gains. The Nifty climbed 251.61 points, or 1.24%, to close at 24,330.95, while the Sensex advanced 940.73…
Domestic equity markets closed in positive territory on Monday, buoyed by election trends indicating the BJP’s strong showing in West Bengal and Assam, along with its return to power in the Union Territory of Puducherry. Gains were led by financials, pharmaceuticals, and metal stocks, which drove the broader rally. The Nifty 50 advanced 121.75 points,…
Domestic stock markets ended with sharp cuts on Thursday as oil prices rose and the rupee fell to a new record low. They were dragged down by selling pressure in FMCG, bank and auto stocks. While the 50-stock Nifty declined 180.10 points or 0.74% to finish at 23,997.55, Sensex plunged 0.75% points or 582.86 points…
Domestic equities continued their declining trend on Tuesday after a Monday pause as selling pressure in banks, auto and IT stocks dragged the markets. The Nifty 50 declined by 97 points, or 0.40%, to close at 23,995.70, while the Sensex plunged 416.72 points, or 0.54%, to settle at 76,886.91. Meanwhile, the volatility gauge India VIX…
The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 2 lakh crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex tanked 1,829.33 points, or 2.33 per cent, and the NSE Nifty…
Reliance Industries Limited reported a net profit of Rs 95,610 crore in FY26, becoming the first Indian company to cross the $10 billion annual profit mark (approximately $10.15 billion). The Mukesh Ambani-led conglomerate, also India’s most valuable company, posted an 18% year-on-year rise in profit after tax (PAT), up from Rs 80,787 crore in FY25….