The rupee breached the 91-a-dollar mark for the second time in a month before ending 14 paise down at 90.92 (provisional) against the greenback on Monday, as renewed concerns over global trade uncertainties accelerated foreign fund withdrawal.
Hindustan Zinc posted record Q3FY26 revenue and profit, driven by higher mined metal output, rising silver production, lowest five-year costs and strong margins. Robust cash position, capacity expansion and superior shareholder returns reinforced its industry leadership.
Domestic gold hits record Rs 1,45,500 on MCX as Trump threatens EU with tariffs over Greenland. Strong bullish trend persists with technical support at Rs 1,43,0001,43,500. Experts suggest buy-on-dip strategy with targets near Rs 1,46,0001,47,000.
Wipro anticipates steady demand and an AI-first approach for future growth. The company is focused on execution and winning deals, particularly those driven by artificial intelligence. Margin improvements are a key priority, with leadership confident in maintaining profitability. Campus hiring plans are adjusted, while lateral hiring continues based on project needs.
Silvers rally to record highs could reverse if Budget cuts import duties, HDFC Securities warned. While global supply deficits and demand stay supportive, lower duties may pressure domestic prices short term, despite a bullish long-term outlook for precious metals globally.
European shares fell sharply on Monday after U.S. President Donald Trump threatened additional tariffs until the United States was allowed to buy Greenland, reigniting trade tensions and casting doubt on deals reached earlier.
Japan's Nikkei share average slid for a third day on Monday as geopolitical tensions over Greenland sparked a safe-haven rally in the yen, while economic data surprised on the downside.
Commodity trading has moved into the spotlight as a sharp rally in gold and silver boosts volumes on the MCX, according to Zerodha CEO Nithin Kamath. He said precious metals now dominate activity, impacting broker market shares. Kamath noted Zerodha initially lost ground due to infrastructure gaps but is regaining share while expanding investor education on commodities.
Punjab National Bank has announced a significant 13 percent rise in its net profit for the third quarter ending December 2025. The bank's net profit reached Rs 5,100 crore. This marks a substantial improvement compared to the previous year. Asset quality also saw positive movement with a reduction in gross and net non-performing assets ratios.
