Benchmark indices Nifty and Sensex extended their losses for the second consecutive day as rising geopolitical tensions in the Middle East and ongoing trade uncertainties weighed heavily on investor sentiment. A broad-based sell-off gripped the market, pushing all major sectoral indices into the red. The India VIX, a gauge of market volatility, surged more than 7%, signaling growing nervousness among investors. At the close of trading, the Sensex had shed 573.38 points (0.70%) to end
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Paytm parent One97 Communications witnessed a sharp selloff in early trade on Thursday, with its shares tumbling nearly 10% amid speculation around the imposition of Merchant Discount Rate (MDR) on UPI transactions—a rumor that the Finance Ministry later firmly denied. On the NSE, Paytm stock dropped as much as 10% to ₹864.40, while on the BSE, it touched an intraday low of ₹864.20, down 9.97%. The stock was trading 7.52% lower at ₹888 as of
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Tata Group’s retail arm Trent Ltd has trimmed its equity stakes in its joint ventures with Spanish fashion giant Inditex, which operate Zara and Massimo Dutti stores in India. The move reflects Trent’s continued focus on its homegrown retail powerhouses—Zudio and Westside—as it repositions its portfolio toward long-term growth. Trent Cuts Stake in Inditex Joint Ventures Trent has two separate joint ventures with Inditex: Inditex Trent Retail India Pvt Ltd (ITRIPL) – operates Zara stores
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Indian equity benchmarks came under heavy selling pressure on Thursday, June 12, halting a six-day winning streak as investors opted to book profits amid weak global cues and rising geopolitical tensions. Both the SENSEX and NIFTY50 witnessed sharp declines, led by a sell-off in index heavyweights. By 2:29 PM, the SENSEX was down 909 points at 81,608, while the NIFTY50 had shed 281 points, trading just above the 24,850 mark at 24,862. What’s Behind Today’s
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Indian markets closed slightly higher on Wednesday, notching their sixth consecutive day of gains despite a choppy trading session. After a strong opening, key indices gave up most of their early momentum before stabilizing in the final hour. The Nifty 50 ended the day up 37 points (0.15%) at 25,141.40, while the Sensex dipped 123 points (0.15%) to close at 82,515. The session saw both indices swinging between gains and losses, with the Nifty falling
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