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),…
Image used for representative purpose only. | Photo Credit: Reuters Stock market benchmark indices Sensex and Nifty rebounded in early trade on Monday (February 2, 2026) driven by value-buying in blue-chip firms, after facing massive drubbing on the Budget day. The 30-share BSE Sensex climbed 302 points to 81,024.94 during initial trade. The 50-share NSE…
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…
After opening the day on a positive note, the 30-share BSE Sensex later fluctuated and quoted 13 points up. File | Photo Credit: Reuters Stock market benchmark indices Sensex and Nifty fluctuated in a narrow range in early trade on Sunday (February 1, 2026) ahead of the Budget 2026-27 presentation. After opening the day on…
The global move away from the U.S. dollar is gathering pace as broader geopolitical uncertainty raise concerns over the stability and predictability of the dollar-centric financial system. In response, central banks, particularly in emerging markets, are boosting their gold reserves, pushing bullion prices to volatile highs. Although the dollar remains the world’s dominant reserve currency,…
