Gold rose significantly from its one-week low on Thursday amid dollar decline, increased safe-haven buying and fresh demand ahead of the peak wedding season.

The rise came even as headwinds from stronger-than-expected US jobs data dampened expectations for another Federal Reserve rate cut this year.

The price of 10 grams of 24-carat gold was Rs 1,20,100 during intra-day trading, according to data published by the India Bullion and Jewellers Association (IBJA).

The promulgation of the Bharatiya Nyaya Sanhita, 2023 (BNS) marks a decisive turning point in India’s criminal jurisprudence, replacing the Indian Penal Code, 1860—a statute that for over a century reflected colonial legal philosophy. Among its most debated provisions is Section 106, which redefines the contours of criminal liability for medical negligence. Its implications extend far beyond statutory reform, influencing the delicate balance between patient protection and the professional autonomy of India’s medical practitioners. For the first time in independent India’s penal law, the BNS introduces a mandatory imprisonment clause for cases of death caused by a registered medical practitioner’s negligent act.

State Bank of India (SBI) on Thursday announced to divest 3,20,60,000 equity shares or 6.3007 per cent of the total equity capital of SBI Funds Management Limited (SBIFML) through initial public offering (IPO).

Additionally, Amundi India Holding, the other promoter of SBIFML, will divest 1,88,30,000 equity shares, being equivalent to 3.7006 per cent of the total equity capital of SBIFML, with a total of 10.0013 per cent stake comprising 5,08,90,000 shares to be listed, according to its stock exchange filing.

“SBI Funds Management Limited (SBIFML) will be the third subsidiary of SBI to be listed after SBI Cards and SBI Life Insurance. Considering SBIFML’s sustained strong performance and market leadership over the years, it is considered an opportune time to launch the IPO process," said SBI Chairman Challa Sreenivasulu Setty.

The FY26 earnings season in the second quarter (Q2) exceeded expectations, driven by strong midcap performance, despite some weakness in select smallcap pockets, industry data showed.

Brokerage Motilal Oswal Financial Services reported a 14 per cent year-on-year earnings rise among companies that have declared results so far, broadly in line with expectations.

Large-cap earnings rose 13 per cent, in line with the broader universe, while mid-caps again outperformed expectations with a 26 per cent surge, supported by technology, cement, metals, PSU banks, real estate and non-lending NBFCs.

Smallcaps lagged at 3 per cent growth as private banks, non-lending NBFCs, Technology, Retail and Media weighed on performance. Even so, 69 per cent of small-caps met or beat forecasts, compared with 84 per cent of largecaps and 77 per cent of mid-caps, the data showed.

Indian benchmark indices opened in green on Thursday, amid positive global cues, led by gains in automobile stocks.

As of 9.25 am, the Sensex was up 324 points, or 0.39 per cent at 83,783 and the Nifty edged up 67 points, or 0.26 per cent to 25,664.

The broadcap indices performed in contrast with benchmarks, with the Nifty Midcap 100 down 0.10 per cent and the Nifty Smallcap 100 losing 0.24 per cent.

Global manufacturing activity increased momentum in October, driven by Asian economies, with India, Thailand, and Vietnam showing significant improvements, a new report said on Wednesday.

India topped the global manufacturing rankings again, with the HSBC manufacturing PMI increasing to 59.2 in October from 57.7 in September, driven by festive demand and GST rate rationalisation, according to S&P Global survey data.

Data from S&P Global showed that Asia’s manufacturing PMI (ex-China and Japan) reached a 14-month high to 52.7, signalling stronger recovery momentum despite ongoing trade frictions and geopolitical uncertainty.

Gold prices remained under pressure on Wednesday after witnessing their sharpest decline in over a week, as investors weighed the recent strength of the US dollar against a broader risk-off sentiment across global markets.

Spot gold hovered around $3,940 per ounce after sliding nearly 2 per cent in the previous session, following five straight days of gains in the dollar index.

Global equities also extended their decline, marking their steepest fall in almost a month amid concerns about stretched valuations.

Most other commodities followed suit, adding to the overall weakness in market sentiment.

Total consumer demand of gold in India increased to 802.8 tonnes in 2024, which is 26 per cent of the global gold demand taking India at second rank, next just to China with consumer demand of 815.4 tonnes, according to an SBI Research report on Wednesday.

Domestic supply of gold is only a fraction of the total supply of gold in India, with imports contributing around 86 per cent of the total supply in 2024 (the World Gold Council estimate). Gold imports increased around 31 per cent in FY24 and 27 per cent in FY25.

However, higher prices have led to lower demand of gold in 2025. In Q3 2025, consumer demand of gold declined by around 16 per cent year-on-year, driven by reduced jewellery demand, said the report by Dr. Soumya Kanti Ghosh, Group Chief Economic Advisor, SBI.

Indian stock markets ended lower on Tuesday as renewed selling pressure hit information technology (IT) and metal shares in the second half of the trading session.

After opening on a positive note, the Sensex gave up its early gains and closed 519.34 points, or 0.62 per cent, down at 83,459.15.

During the intra-day session, the index had briefly risen 0.11 per cent before turning negative.

The Nifty also slipped 165.70 points, or 0.64 per cent, to end at 25,597.65.

With hydrogen prices declining faster than anticipated, India could see hydrogen become a viable alternative to natural gas within the next five to ten years, making this route central to our decarbonisation and global competitiveness goals, a top Government official said on Tuesday.

Addressing the CII Steel Summit 2025 here, Union Steel Secretary Sandeep Poundrik said: "The DRI (Direct Reduced Iron) plus Hydrogen route offers a promising pathway for green steel production."

He highlighted that there are significant opportunities for investments in the steel industry, driven by growing needs from sectors such as defence, space, automotive and power – all of which are expanding rapidly and increasing demand for high-grade steel products.

GST rate cuts have led to retail price reductions and increased household spending, which have offset the tariff-related impact on India’s exports, a report said on Tuesday.

“Overall manufacturing output continued to rise, with the fall in new export orders fully offset by a rise in domestic orders. A spurt in input purchases suggests that manufacturing could remain strong in November too,” the report from HSBC Global Investment Research noted.

Based on pick-up in agriculture, manufacturing, construction, growth for Q3 CY25 is tracking 7.2-7.4 per cent, the firm said.

The overall exports remained steady in spite of a dip in exports to United States due to tariff-related concerns, the report said.

The price of gold futures declined on Tuesday as investors booked profits, tracking gains from a stronger US dollar and lowered expectations for additional Federal Reserve rate cuts this year.

The price of 10 grams of 24-carat gold was Rs 1,19,916 as of 12.30 pm, according to data published by the India Bullion and Jewellers Association (IBJA).

December gold futures on the Multi Commodity Exchange (MCX) fell by Rs 836, or 0.69 per cent, to Rs 1,20,573 per 10 grams, as the dollar index surged by 0.08 per cent to 99.95.

Analysts noted a strong dollar, reduced US-China trade tensions, and decreased likelihood of another US rate cut as factors diminishing bullion's attractiveness.

The National Stock Exchange (NSE) will roll out a 15-minute pre-open session for equity futures and options starting December 8 to enhance price discovery, improve transparency regarding gap movements and manage volatility.

The pre-open session is a 15-minute call auction window from 9:00 am to 9:15 am to determine opening prices for index and single-stock futures prior to the regular trading session, according to the exchange.

This session will allow order entry, modification, and cancellation until a random closure between 9:07 and 9:08 am. Price discovery and trade matching will occur until 9:12 am, followed by a three-minute buffer that will transition the market to continuous trading at 9:15 am.

Indian benchmark indices opened on a flat note on Tuesday, amid mixed global cues and a lack of strong domestic triggers.

As of 9.25 am, the Sensex was marginally down 18 points, or 0.02 per cent at 83,718 and the Nifty was down 14 points, or 0.05 per cent at 25,748.

The broadcap indices performed in line with benchmarks, with the Nifty Midcap 100 down 0.08 per cent and the Nifty Smallcap 100 losing 0.12 per cent.

Titan Company, Cipla and Trent were among the major gainers in the Nifty Pack, while losers included Tata Consumer, Maruti Suzuki, Apollo Hospitals and Hindalco.

Corporate India's Q2FY26 earnings season showed mid-cap companies and commodity-linked sectors leading profit growth, offsetting weaknesses in select small-caps, a report said on Monday.

Mid-cap firms outperformed expectations, with 47 companies reporting a 26 per cent year-on-year earnings increase, surpassing the estimated 19 per cent, the report from brokerage Motilal Oswal Financial Services Limited said.

"Earnings upgrades outnumbered downgrades for the first time in several quarters, signalling a healthier market backdrop and improving confidence in India Inc.'s profitability trajectory," the MOFSL report said.

While headline indices remain range-bound after a muted year, underlying fundamentals are improving — supported by moderating earnings cuts, diversified sectoral leadership, and robust mid-cap resilience, the brokerage said.

Spot gold prices slipped below the $4,000 per ounce after a significant increase this year, dipping 2.7 per cent from last week to $3,984.43 an ounce, data showed on Monday.

The price of 10 grams of 24-carat gold was Rs 1,21,113 during the day trade, according to data published by the India Bullion and Jewellers Association (IBJA).

Analysts said the moderation in demand came as trade tensions between the US and China cooled and the dollar index jumped to its highest in three months.

After a sharp rally, gold and silver lost some shine last week.

India’s manufacturing sector growth surged in the month of October, fuelled by strong domestic demand, GST 2.0 reforms, productivity gains and increased technology investments, a report said on Monday.

The HSBC India Manufacturing Purchasing Managers' Index (PMI) rose to 59.2 in October from 57.7 in September, according to data compiled by US-based financial intelligence provider S&P Global.

The increase stemmed from quicker growth in new orders and factory output at the beginning of the third financial quarter, driven by boost in advertising and recent GST reforms, the report said.

Multi-asset exchange NSE International Exchange (NSEIX) on Monday informed that its international Nifty futures contract, GIFT Nifty, witnessed a record monthly turnover of $106.22 billion in the month of October.

The October turnover of 2.11 million contracts exceeded the previous high of $102.35 billion reached in May 2025, according to the exchange.

The milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for the India’s growth story, according to the exchange. Since launching full-scale operations on July 3, 2023, GIFT Nifty has recorded over 52.77 million contracts and a total cumulative turnover of $2.40 trillion as of October 2025, the statement said.

Indian benchmark indices opened marginally lower on Monday, amid mixed global cues and the absence of strong domestic triggers, with broad-based selling across all sectors, except PSU banks.

As of 9.25 am, the Sensex was down 220 points, or 0.26 per cent at 83,718 and the Nifty was down 42 points, or 0.17 per cent at 25,679.

The broadcap indices outperformed benchmarks, with the Nifty Midcap 100 up 0.21 per cent and the Nifty Smallcap 100 adding 0.63 per cent.

SBI, Kotak Mahindra Bank and ONGC were among the major gainers in the Nifty Pack, while losers included Maruti Suzuki, Tech Mahindra, Axis Bank and Titan Company.

The domestic broader market ended higher for the second consecutive week despite market volatility driven by persistent foreign investor selling, mixed quarter earnings (Q2 earnings), global geopolitical uncertainty and the US Fed rate cut decision.

The BSE Midcap and Smallcap indices rose 1 per cent and 0.7 per cent, respectively. Mirroring a similar trend, Nifty Midcap 100 gained 1 per cent and the Nifty Smallcap advanced 0.7 per cent during the week.

Major sectoral indices remained firm during the week despite a fall in the Sensex and Nifty50. Nifty PSU Bank index jumping 4.7 per cent, followed by Oil & Gas (3 per cent), Nifty Metals (2.5 per cent), and Nifty Energy (1.8 per cent). On the other hand, Nifty Pharma, Nifty Auto, and Private Bank indices declined by up to 1 per cent, reflecting selective profit booking across consumer segments.

Indian equity benchmarks ended their four-week winning streak, closing marginally lower this week amid profit-booking and mixed global cues.

Benchmark indices Nifty and Sensex dipped 0.65 and 0.55 per cent during the week to close at 25,722 and 83,938, respectively.

Market optimism was bolstered during the first three sessions by positive domestic economic data and China's approval for few Indian companies to import rare earth magnets.

However, sentiment turned cautious after the US Federal Reserve cut its benchmark interest rate by 25 basis points to the 3.75 per cent–4 per cent range.

Amid the GST 2.0 reforms, the unified payments interface (UPI) witnessed 25 per cent transaction count growth (year-on-year) at 20.70 billion in the month of October — along with registering 16 per cent annual growth in transaction amount at Rs 27.28 lakh crore, the National Payments Corporation of India (NPCI) data showed on Saturday.

Month-wise too, UPI witnessed a growth in transaction amount, from Rs 24.90 lakh crore in September.

Average daily transaction amount in October stood at Rs 87,993 crore, a significant rise from Rs 82,991 crore in September, the NPCI data showed.

The month of October recorded 668 million average daily transaction counts, up from 654 million registered in September.

Emkay Global Financial Services on Friday posted a net profit of just Rs 0.45 crore in the September quarter (Q2 FY26), compared with Rs 25.90 crore in the same period last fiscal (Q2 FY25) -- marking a steep 98 per cent year-on-year (YoY) decline.

Revenue from operations dropped nearly 34 per cent to Rs 72.08 crore from Rs 108.56 crore in Q2 FY25, according to its stock exchange filing.

On a sequential basis, revenue remained largely stable compared with Rs 72.97 crore in the previous quarter, though profit fell from Rs 4.78 crore in Q1 FY26.

The prices of precious metals slipped in early trade on Friday, with gold and silver prices declining on the Multi-Commodity Exchange (MCX), mirroring weakness in international markets amid a stronger US dollar.

Gold futures on MCX opened 0.29 per cent lower at Rs 1,21,148 per 10 grams, compared with Thursday’s close of Rs 1,21,508. Silver futures also began the session 0.47 per cent down at Rs 1,48,140 per kg, tracking losses in global spot prices.

However, it recovered a bit in the early hours as around 11:38 a.m., the future gold contract expiring on December 5 was trading at Rs 1,21,557 per 10 grams, up 0.04 per cent, while the silver future contract was trading flat at Rs 1,48,747 per kg. The early decline was seen as traders booked profits ahead of key US economic data.

India’s primary market witnessed an unprecedented boom in October, marking the busiest month ever for mainboard initial public offerings (IPOs) with 14 companies hitting the market so far, aiming to raise over Rs 46,000 crore.

The month has set a new record for monthly fundraising in the domestic capital markets, driven by two heavyweight listings — Tata Capital and LG Electronics India — which together accounted for more than half of the total fundraising.

Tata Capital raised Rs 15,512 crore, while LG Electronics India mobilised Rs 11,607 crore through their respective initial share sale.

Adding to the momentum, Lenskart Solutions was set to open its Rs 7,278-crore issue on October 31, rounding off a packed primary calendar that also featured offerings from WeWork India, Canara HSBC Life Insurance, Orkla India, and Rubicon Research.

GIFT Nifty has added yet another feather in its cap in terms of achieving all-time high monthly turnover of $103.45 billion or about Rs 9,16,576 crore (as on October 30), it was announced on Friday.

This feat surpasses its previous record of $102.35 billion set in May 2025. This also stands as a new benchmark to the growth story of Indian equity market.

“This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for the India’s growth story. We are glad to witness the success of GIFT Nifty and express our sincere gratitude to all the participants for their overwhelming support and making GIFT Nifty a successful contract,” according to the National Stock Exchange of India (NSE).

The domestic benchmark indices started the session flat amid mixed global cues, as US President Donald Trump and his Chinese counterpart, Xi Jinping, agreed to ease the trade conflict for a year only.

The Sensex started the session at 84,379.79, down 25 points against the last session's closing of 84,404.46. Nifty opened 14 points lower at 25,863.80. However, both the indices turned green in a while amid buying in automobile and banking heavyweights.

"The Trump-Xi summit delivered only a one-year truce in the US-China trade war, not a breakthrough trade deal. To that extent, market participants were disappointed at the outcome, even though there is relief in the declining trade tensions and possible movement towards further progress," analysts said.

Indian stock markets closed sharply lower on Thursday, tracking weak global trends after the US Federal Reserve cut interest rates as expected but hinted that it could be the final cut of 2025.

Investor sentiment also remained cautious ahead of fresh updates on US-China trade talks.

The Sensex fell 592.67 points, or 0.7 per cent, to close at 84,404.46, while the Nifty declined 176.05 points, or 0.68 per cent, to settle at 25,877.85.

“The Nifty struggled to hold higher levels, with persistent selling dragging it lower. On the technical front, the Nifty has formed an immediate support zone near 25,800, while resistance is capped around 26,000,” experts stated.

India has a sizeable insurtech ecosystem with over 150 active players, whose cumulative valuations crossed $15.8 billion, and revenues surpassed $0.9 billion in 2024 -- a 10 times increase since 2019, a report said on Thursday.

The sector has two unicorns, eight players between $100 million $1 billion and more than 45 players over $1 million mark. Despite a slowdown in insurtech funding in 2024, Health insurtechs in India accounted for four of the five largest deals and more than 70 per cent of the funding, reflecting their role in driving access, efficiency, and innovation.

In the year, global Insurtech funding slowed down to $4.1 billion, in line with the wider fintech correction.

Though Indian markets posted only modest gains in September, the markets may be entering an early recovery phase, with improving breadth, sectoral rotation and stable macros, a report said on Thursday.

PL Asset Management said in a report said that strengthening breadth -- the share of stocks hitting new 12‑month highs has doubled from recent lows, and six‑month breadth readings exceed 55 per cent -- signalling growing investor conviction and improving risk appetite.

During September, global equity markets rallied, with the S&P 500 up 3.1 per cent, the Nasdaq surging 5.1 per cent and Hong Kong’s Hang Seng jumping 7.1 per cent.

Meanwhile, Nifty 50 rose 0.75 per cent, while the Nifty Midcap 150 and Smallcap 250 gained 1.39 per cent and 1.13 per cent, respectively.

Gold and silver prices opened sharply lower on Thursday on the Multi Commodity Exchange (MCX) after the US Federal Reserve announced a 25-basis points rate cut.

The decline in precious metal prices came as investors assessed the Fed’s cautious stance on future rate cuts. Gold futures on the MCX opened 1.27 per cent lower at Rs 1,19,125 per 10 grams, compared to the previous close of Rs 1,20,666.

Silver prices also dropped, opening 0.4 per cent lower at Rs 1,45,498 per kilogram, against the previous close of Rs 1,46,081. By 9:42 AM, gold prices had extended losses and were trading lower by Rs 1,827, or 1.51 per cent, at Rs 1,18,839 per 10 grams.

The Indian stock market opened on a weak note on Thursday as Fed decision to cut rates by 25bp didn’t impact the market.

Both benchmark indices, the Sensex and Nifty, started lower in early trade. The Sensex slipped 228 points, or 0.27 per cent, to 84,770, while the Nifty fell 81 points, or 0.31 per cent, to 25,973.

“From a technical perspective, the Nifty continues to maintain a sideways-to-bullish bias as long as it sustains above the 25,900–26,000 support zone,” analysts said.

“On the upside, immediate resistance is placed around 26,100–26,200, and a sustained move above this range could pave the way for further gains toward 26,300–26,400 in the near term,” experts added.

Shares of Indian textile and shrimp exporters surged on Wednesday following US President Donald Trump's comments on a potential trade deal with India, raising investor expectations for reduced tariffs on domestic exports.

Export-oriented shrimp and textile stocks receive a major chunk of their revenue from the American market.

President Trump's comments at the APEC CEO Summit Luncheon in Gyeongju, South Korea, where he lauded Prime Minister Narendra Modi, adding that he is going to "do a trade deal with India". US President Trump praised Modi, calling him “the nicest-looking guy” and “tough as hell.”

The Securities and Exchange Board of India (SEBI) has proposed major changes to the way mutual funds are managed in the country.

The market regulator aims to lower brokerage costs, make fee disclosures clearer, and simplify how investors are charged.

In a new consultation paper reviewing the 1996 Mutual Fund Regulations, SEBI has suggested tightening the cost structures for Asset Management Companies (AMCs) so that more benefits reach investors directly.

One of the biggest proposals is a sharp cut in brokerage and transaction costs that mutual funds can link to their schemes.

The next three months should be more buoyant for industry as the GST cuts would translate to higher demand which in turn should lead to increased activity, a new Bank of Baroda (BoB) report said on Wednesday.

The announcement of GST reforms clubbed with festive season is expected to boost consumption demand in the near term. This is likely to offset the ongoing uncertainty pertaining to the trade negotiations, the report mentioned.

IIP growth edged up to 4 per cent in September, compared with 3.2 per cent growth in September last year.