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Gold prices hit a fresh high of Rs 89,450 per 10 grams in the national capital on Thursday, advancing Rs 50 amid firm global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled at Rs 89,400 per 10 grams on Wednesday. Gold of 99.5 per cent purity went up Rs 50 to establish a record of Rs 89,050 per 10 grams.

double-digit growth despite external challenges. For the twelve-month period ending December 2024, EBITDA reached Rs 86,789 crore, marking a 10.1 per cent year-on-year growth. Adjusted for prior income, the growth stands at 21.3 per cent. In the December quarter alone, EBITDA rose 17.2 per cent to Rs 22,823 crore, a company statement said. A key to this growth is the emerging businesses under Adani Enterprises, including solar and wind manufacturing and airports.

United Breweries, AB InBev and Carlsberg — will invest over Rs 3,500 crore to set up breweries in India in 2025, the highest capex announcement by them for a year in over a decade, ET has reported.

Pi Network has officially launched its Open Mainnet, marking a major milestone for the project after a two-year delay. This launch enables external blockchain connectivity, allowing transactions beyond the closed Pi Network ecosystem for the first time. Additionally, Pi Coin is now listed on major cryptocurrency exchanges such as OKX, Gate.io, Bitget, and CoinDCX, allowing it to be actively traded and valued in the open market.

inflation and President Donald Trump's hard-line trade policies have rekindled fears of stagflation, a worrying mix of sluggish growth and relentless inflation that haunted the U.S. in the 1970s, even as markets remain upbeat on his pro-growth agenda.

cryptocurrency market is closely watching Pi Coin as it nears a major milestone — the long-awaited Open Mainnet launch, scheduled for Thursday, February 20. The launch enables external blockchain connectivity, allowing transactions beyond the closed Pi Network ecosystem for the first time. This transition from a closed network to full decentralization could be a game changer, potentially leading to its listing on major exchanges such as Binance and OKX.

Subscribe to enjoy similar stories. Senco Gold, the leading jewellery brand in eastern India, had a remarkable journey following its debut on the stock market in 2023. It saw a 250% jump from its listing price in July 2023 to ₹772 in October last year.

Reserve Bank of India sold foreign currencies worth $35.4 billion on net basis in November and December to prevent excess volatility in rupee movement amid heightened dollar outflows from local equities as foreign investors started seeking safe haven for their investments after Donald Trump's victory in the US presidential election.

«The capital market leaders will continue to do well, but this 25-30% type compounding in AUMs it is a cycle, so when the markets will correct people will go back to banks and maybe two-three years later they will come back to capital market stocks and so on,» says Manish Chokhani, Director, Enam Holdings. So, one is banks and financials, but the bigger question that everyone is now also pondering about is what to avoid, when the market does come out of this abyss are you going to see newer sectors emerge as leaders and what will continue to remain under performers? Manish Chokhani: Actually if you look out two years from now, I do not think people have realised, for example ICICI Bank will cross the earnings number of Infosys.

Even with a downward revision in FY25 GDP projections and low capex spending in the first half of the year, infra, defence, and PSU themes remain relevant investment opportunities, says Nikhil Rungta, Co-CIO Equity at LIC Mutual Fund Asset Management. PSUs, particularly in sectors like railways, power, and defense, may continue to see earnings visibility and improving efficiency, he opines. Excerpts: Net equity inflows in January were strong despite negative sentiments though down on a MoM basis. Do you think there is an attitudinal shift in the way people are now approaching equity investments in a sense that they want to remain invested even if it is small, come what may? Yes, there is a clear attitudinal shift in the way investors are approaching equity investments. Despite market volatility and occasional negative sentiment, investors are demonstrating resilience by continuing their investments, even if in smaller amounts. This is largely driven by the increasing financialisation of savings, with a growing preference for equities over traditional asset classes.

Subscribe to enjoy similar stories. With Donald Trump’s return to the White House, global markets are bracing for another wave of ‘America First’ policies. His renewed emphasis on domestic manufacturing and reduced reliance on outsourcing signals a continuation of his first-term agenda.

Subscribe to enjoy similar stories. India and the United States agreed to negotiate the first tranche of a mutually beneficial multi-sector bilateral trade agreement (BTA) by late September after president Donald Trump threatened to impose reciprocal tariffs on goods from India and several other countries. As he did in his first term, Trump continues to pressure India to lower its high and protectionist import duties on several goods, including luxury goods.

On the BSE, Superior Finlease(down 19.76 per cent), Aadi Industries Ltd.(down 10.97 per cent), Roni Households(down 10.00 per cent), Shiva Granito Export(down 9.97 per cent) and Priya Ltd(down 9.96 per cent) were among the stocks that plunged over 5 per cent during the session.

Arvind Sanger, Managing Partner, Geosphere Capital Management, says Trump's threats of tariffs are just the starting point in negotiations, not the final goal. Because of this, the market continues to rise. Another interesting point is that this year's rally isn't just fueled by the Magnificent 7. It's much more widespread. This is a positive sign, indicating a general sense of economic optimism rather than just focusing on those seven companies and ignoring the rest. What will the US President do next, no one knows. I at least do not know. Do you? Arvind Sanger: None of us know, but the market has correctly been rising because the bet is that at the end of the day, Trump's tariff threats are a negotiating tool. They are not a tool to destroy the US economy because eventually tariffs hurt everybody. So, the market is making the bet that deregulation is coming, taxes are going to stay low. The one area where I worry is that there is a hope that maybe there will be a lot of cost savings from DOGE and Elon Musk, and I am not sure how much they will be able to extract, but there is some hope that there will be something there.

«I remember all of us from the markets were in this very famous now, Jaipur Jamboree in December and the mood was also quite unanimous over there that the markets have run far ahead of themselves,» says Manish Chokhani, Director, Enam Holdings. The markets have taken a nasty knock. Everybody knew that this was coming. It is just that when it hit us, nobody was prepared for it. Manish Chokhani: Yes, it is true. Even I never thought that we have a bubble in the market, because the largecaps actually had not really participated. And the bubble we used to always talk of was occurring in the smallcaps and the SME type IPOs and that is where the pain has obviously been the maximum and earnings have dramatically slowed down.

On Wednesday, gold and silver settled on a weaker note in the domestic and international markets. Gold April futures contract settled at Rs 85,910 per 10 grams with a loss of 0.24% and silver March futures contract settled at Rs 96,406 per kilogram with a loss of 0.46%.

Baazar Style Retail(up 18.20%), Prajay Engg(up 16.69%) and Windlas Biotech(up 15.29%) were among the stocks that surged over 15%.

Benchmark NSE Nifty index fell 48.06 points to 22884.85 amid selling in frontline bluechip stocks.

Infosys Ltd.(up 0.78 per cent), L&T Technology Services Ltd.(up 0.65 per cent), MphasiS Ltd.(up 0.27 per cent) and Persistent Systems Ltd.(up 0.02 per cent) were among the top gainers.

Trump’s actions – namely that they are well thought of and have specific objectives in mind. So too could be his threat to impose reciprocal tariffs on countries, including India, on a selective basis.