Silver’s exceptional rally of over 200 per cent in the last 12 months sharply outperforming gold’s 80 per cent surge has created a condition in favour of yellow metal in the near term, a new report has said.

The report from Motilal Oswal Financial Services Ltd. (MOFSL) said that the current gold–silver ratio favours the yellow metal after silver’s outsized run.

The sharp outperformance of silver over has led to a "significant compression in the gold–silver ratio, which has fallen from pandemic highs of 127 to around 50 at the start of 2026," the report mentioned.

Growth picked up pace for both manufacturing and services in India in January as the HSBC Flash PMI figures on Friday showed quicker increases in new orders and output, alongside the reinstatement of job creation and a rebound in business confidence in the country.

The next fiscal (FY27) is likely to be a year of fiscal restraint for the upcoming Union Budget 2026-27, after having given a lot of tax breaks in FY26, according to a new report.

As far as expenditure is concerned, at least a 10 per cent capex growth is assumed with limited room for revenue expenditure (as per our base case), according to the Budget Preview from HSBC Mutual Fund.

The Indian stock market opened higher on Friday, extending gains for the second consecutive trading session while tracking positive global cues.

As of 9.30 am, the Sensex added 132 points, or 0.16 per cent to reach 82,440 and the Nifty advanced 52 points, or 0.21 per cent to 25,342.

Assets under management (AUM) of non-banking financial companies (NBFCs) specialising in gold loans is set to register a compound annual growth rate (CAGR) of 40 per cent between this fiscal and next, surpassing Rs 4 lakh crore by March 2027, a Crisil Ratings report showed on Thursday.

According to the report, the surge will be driven by elevated gold prices, a shift towards secured credit and an evolved regulatory environment, outpacing the CAGR of 27 per cent clocked between fiscals 2023 and 2025.

A FICCI pre-Budget survey on Thursday reflected strong optimism across industry, with nearly 80 per cent of respondents expressing confidence in India’s growth prospects.

Nearly half of the participants expect GDP growth to remain in the 7–8 per cent range in FY 2026–27, reaffirming faith in India’s medium-term fundamentals despite persistent global uncertainties.

Gold futures on the MCX dipped close to 1 per cent on Thursday from record high in the previous session due to profit booking, amid easing geopolitical tensions and strengthening of dollar.

Fears of a US‑EU trade conflict moderated after US President Donald Trump softened his tone on acquisition of Greenland.

MCX gold February futures dipped 0.78 per cent to Rs 1,51,665 per 10 grams. Meanwhile MCX silver March futures dipped 0.62 per cent to Rs 3,16,509 per kg.

The overnight signs of a climbdown in Greenland-related tensions will provide relief to market sentiments and rupee volatility is likely to persist in the near term but depreciation is expected to be more gradual than the recent sharp moves, a report showed on Thursday.

The rupee rebounded from its all-time low levels to gain 15 paise at 91.50 against the US dollar in early trade on Thursday.

According to Radhika Rao, Executive Director and Senior Economist at DBS Bank, the bearish handover from last year was further fuelled by a confluence of global as well as domestic cues.

The Indian benchmark indices posted strong gains in early trade on Thursday, after US President Donald Trump walked back on his tariff threats against eight European countries over Greenland ownership.

As of 9.25 am, the Sensex added 568 points, or 0.69 per cent to reach 82,477 and the Nifty advanced 160 points, or 0.64 per cent to 25,317.

Main broadcap indices overperformed the benchmark indices, with the Nifty Midcap 100 adding 0.94 per cent, and the Nifty Smallcap 100 advancing 1.01 per cent.

Indian equity benchmark indices ended lower on Wednesday for the third straight session, weighed down by rising geopolitical tensions that kept investors cautious.

The Sensex closed at 81,909.63, slipping 270.84 points or 0.33 per cent. Meanwhile, the Nifty settled at 25,157.5, down 75 points or 0.3 per cent.

“A sustained break below 25,130 could reopen downside toward 24,920–24,900,” a market expert said.

With less than two weeks to go for the Union Budget 2026–27, experts from different sectors are sharing their expectations, stressing the need to sustain economic growth while creating large-scale employment opportunities.

Karnataka Digital Economy Mission CEO Sanjeev Kumar Gupta said the upcoming budget should strongly focus on faster adoption of technology by micro, small and medium enterprises (MSMEs).

Wholly-owned subsidiary of the National Stock Exchange of India, NSEIX informed on Wednesday that it signed a memorandum of understanding (MoU) with Finance Industry Development Council to help non‑banking financial companies raise capital in GIFT IFSC.

Finance Industry Development Council is a self-regulatory organisation for Non- Banking Financial Companies (NBFCs).

The collaboration will enhance capital market access by facilitating NBFCs in raising funds through the NSEIX platform and enable listing of NBFC‑related debt and other financial instruments on NSEIX, an international multi‑asset exchange in GIFT City, according to the official statement.

Gold futures on the MCX surged over Rs 4,100 or 4 per cent on Wednesday to a fresh record high, as investors jumped to buy safe‑haven assets amid fears of a widening US‑EU trade conflict and a softer dollar.

MCX gold February futures rose 4.25 per cent to Rs 1,56,970 per 10 grams. Meanwhile, MCX silver March futures rose 2.71 per cent to Rs 3,32,451 per kg.

International markets also saw new peaks as US gold futures jumped to $4,849 per troy ounce on COMEX. COMEX silver consolidated in the $92.5–$95.7 range.

The Indian benchmark indices continued their losses on Wednesday, tracking persistent global risk-off sentiment, continued foreign fund outflows and mixed earnings cues.

As of 9.30 am, the Sensex lost 168 points, or 0.20 per cent to reach 82,012 and the Nifty declined 28 points, or 0.11 per cent to 25,204.

Main broadcap indices performed in line with benchmark indices, with the Nifty Midcap 100 losing 0.18 per cent, and the Nifty Smallcap 100 easing 0.11 per cent.

As the Budget 2026-27 approaches, the focus is likely to shift towards structural economic reforms, with limited room for major tax concessions following last year’s significant increase in tax slabs and GST rate cuts, a report showed on Tuesday.

The Indian equity markets have turned largely range-bound after giving up most of their recent gains, amid rising global geopolitical risks and persistent tariff-related uncertainties with the US.

India’s flexi cap mutual funds saw their assets under management (AUM) surge 148.28 per cent over the last four years as top funds provided over 20 per cent returns over the last five years, a report said on Tuesday.

The report from ICRA Analytics said that AUM of flexi cap funds touched Rs 5.52 lakh crore in December 2025, up from Rs 2.22 lakh crore in December 2021.

Net inflows into these funds have increased by nearly 316 per cent over the last four years at Rs 10,019 crore in December 2025, as against Rs 2,409 crore in 2021. Inflows have grown by 78.44 per cent since the beginning of FY26 from Rs 5,615 crore in March 2025.

The wave of reforms are likely to feature prominently in the Union Budget 2026-27, an HSBC report said on Tuesday, adding that given a slew of announcements in recent months, the government is in a mood for further reforms.

The central government budget will be presented on February 1, followed closely by the RBI policy meeting on February 6.

“We believe the government will focus on two pillars during such time – restraint and reforms,” the report mentioned.

Silver prices on COMEX exchange touched record high at $94.740 an ounce on Tuesday, as investors rushed to buy safe‑haven assets while US–Europe trade dispute intensified after President Donald Trump continued tariff rhetoric tied to Greenland.

Gold prices also traded near record highs, as MCX gold February futures rose 1.27 per cent to Rs 1,47,490 per 10 grams. Meanwhile, MCX silver March futures rose 1.75 per cent to Rs 3,15,720 per kg.

Spot gold price touched $4,671.54 per ounce, after reaching a record $4,689.39 in the previous session.

The Indian benchmark indices continued their losses on Tuesday, tracking weak global cues and the US administration's escalation of tariff tensions with European countries.

Persistent selling by foreign Institutional Investors (FIIs) also weighed on the market sentiment.

Around 9.30 am, Sensex lost 275 points, or 0.33 per cent to reach 82,971 and Nifty declined 91 points, or 0.36 per cent to 25,494.

India continued to remain the fastest-growing major economy in the world, with GDP growth estimated at 7.4 per cent, according to the latest Market Pulse report released by the National Stock Exchange of India on Monday.

The report highlights strong macroeconomic stability, rising investor participation, and record fund-raising activity in capital markets during 2025.

As per the First Advance Estimates, India’s economic growth stayed well ahead of global peers, supported by stable domestic demand and government spending.

Gold and silver prices climbed to fresh record highs on Monday as investors sought safe‑haven assets after US President Donald Trump threatened new tariffs on several European countries over a dispute tied to Greenland.

MCX gold February futures rose 1.68 per cent to Rs 1,44,905 per 10 grams, while MCX silver March futures rose 4.39 per cent to Rs 3,00,400 per kg.

Spot gold rose over 1.6 per cent to $4,700 an ounce, before consolidating near $4,670, testing lifetime highs after a sharp run-up.

Global Capability Centres (GCCs) emerged as the primary growth driver of India’s office market in 2025, accounting for 45 per cent of the total pan-India absorption, up from 41 per cent in 2024, a report showed on Monday.

In absolute terms, GCC-led absorption reached 34.9 million square feet, registering a 20 per cent year-on-year increase, said the Vestian report.

The report further stated that strong demand from GCCs, supported by a favourable policy environment and restrictions on the H1-B visa, propelled pan-India office absorption to an all-time high of 78.2 mn sq ft in 2025.

The Indian benchmark indices opened the week in the red zone on Monday, tracking weak global cues after geopolitical trade tensions rose due to US administration's comments of additional tariffs on European countries.

As of 9.30 am, Sensex lost 449 points, or 0.54 per cent to reach 83,120 and Nifty declined 148 points, or 0.58 per cent to 25,546.

Main broadcap indices performed in line with benchmark indices, with the Nifty Midcap 100 losing 0.42 per cent, and the Nifty Smallcap 100 easing 0.54 per cent.

India is set to touch $4,000 per capita income in another four years in 2030 to transition to an upper middle income country and join China and Indonesia at current classification, an SBI Research report said on Monday.

India took 60 years since independence to reach $1 trillion and achieved achieved $2 trillion in another seven years in 2014.

The country achieved $3 trillion in another seven years in 2021 and $4 trillion in another four years in 2025.

India’s real GDP growth in FY27 is expected to be in the range of 6–7 per cent, supported by domestic consumption, interest rate cuts, and public capital expenditure, according to a new report.

For budgetary analysis, ICRA used the NSO’s ‘First Advance Estimates’ of nominal GDP of Rs 357.1 trillion for FY26, reflecting a growth of 8.0 per cent, and its own estimate of Rs 392.0 trillion for FY27, implying nominal GDP growth of around 9.8 per cent.

Indian households saw a massive jump in their wealth in 2025, driven mainly by a sharp rise in gold prices, a new report has said.

The data compiled by HDFC Mutual Fund Yearbook 2026 said household wealth increased by nearly Rs 117 lakh crore, or about $1.3 trillion, during the calendar year, creating a strong spending buffer for families.

 A “Goldilocks” year is in store for India in 2026 with double‑digit nominal growth falling rates, stable currency, and easing global risks combine to create a fertile backdrop for equities, led by metals, BFSI, capital goods, and defence, a report said on Saturday.

The report from HDFC Securities said that 2026 looks forecasted Nifty earnings growth of about 16 per cent for FY27, set a 2026 return expectation of around 11 per cent and put a year‑end Nifty target at 28,720.

The Reserve Bank of India (RBI) has said that the recently issued Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 will come into force from October 1 — easing compliance for smaller traders and strengthening digital monitoring.

"The regulations are primarily principle based and intended to promote ease of doing business, especially for small exporters and importers. They are also intended to empower Authorised Dealers to provide quicker and more efficient service to their customers," an official statement said.

The Indian equity benchmarks closed this week almost unchanged amid optimism towards Q3 earnings and renewed India-US trade discussions, even as caution persisted due to increasing geopolitical tensions.

Profit-booking in pharma, consumer durables, and autos weighed on indices during the week, while PSU banks and metals outperformed.

The Department of Economic Affairs (DEA), through policies across macroeconomics, capital markets, infrastructure, digital finance and investor protection and empowerment, has strengthened economic fundamentals and positioned India for sustained future growth, according to the government.

For example, DEA guided India’s economic management, fiscal strategy, and financial sector coordination, while implementing reforms to support growth, stability, investment, and global engagement in 2025.

India's fintech sector raised a total of $2.4 billion in 2025, marking a 2 per cent increase from $2.3 billion in 2024, and ranked third globally behind the US and the UK, a report said on Friday.

The report from market intelligence platform Tracxn said that early‑stage funding showed a huge surge to $1.2 billion in 2025, up 78 per cent from $667 million in 2024 and up 56 per cent from $762 million in 2023.

India ranks fourth globally in public confidence that the country is headed in the right direction, with 81 per cent respondents showing optimism, compared to 48 per cent global average, a report showed on Friday.

With strong awareness, understanding and interest in responsible business and ESG, India holds organisations to high standards, with 89 per cent respondents ranking it as highly important, versus global average of 80 per cent, according to the fifth annual global study by SEC Newgate - the global strategic communications, advocacy and research group.

Gold and silver prices fell on MCX and global markets on Friday as the US dollar strengthened, following weaker‑than‑expected weekly jobless claims.

Further, a softer tone from US President Donald Trump on Iran reduced safe‑haven demand for the precious metals.

MCX gold February futures dipped 0.26 per cent to Rs 1,42,743 per 10 grams in morning trade, while MCX silver March futures eased 0.94 per cent to Rs 2,88,824 per kg.

The central government's fiscal deficit is expected to be set at 4.2 per cent of GDP for FY27 in the upcoming Union Budget (against the target of 4.4 per cent in FY26) — corresponding to moderation in debt to 55.1 per cent of GDP, a Morgan Stanley report said on Friday.

The pace of consolidation will be consistent with central government debt reduction to 55.1 per cent of GDP from 56.1 per cent in FY26.

The Indian benchmark indices traded with gains on Friday, buoyed by crude oil prices falling overnight and indication of the European Union (EU) and India signing a free trade agreement (FTA) later this month.

As of 9.25 am, Sensex added 239 points, or 0.29 per cent to reach 83,622 and Nifty advanced 50 points, or 0.2 per cent to 25,715.

Main broad cap indices performed in line with benchmark indices, with the Nifty Midcap 100 adding 0.35 per cent, and the Nifty Smallcap 100 adding 0.11 per cent.