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Dalal Street began trading on a positive note after experiencing a significant decline earlier this week. BSE Sensex opened over 100 points higher, while NSE Nifty traded above 23,000. However, rising crude oil prices are impacting overall market sentiment and limiting gains. Foreign investors have also contributed to the decline by selling Indian shares worth over 50 billion rupees.
More than 150 offers across 23 IITs are involved in the cases, with some companies withdrawing between 10 and 15 offers, AIPC convenor and IIT-Guwahati associate professor John Jose said.
Nirmala Sitharaman clarified that there will be no Merchant Discount Rate (MDR) charged by the government on UPI transactions. She reassured consumers that for transactions over Rs 2,000, the MDR will be covered by merchants and banks. According to NPCI’s Dilip Asbe, a significant 75 percent of UPI transactions remain unaffected by MDR. Most fees originate from larger businesses that incur higher credit card charges.
Despite the sharp decline, Jefferies retained its ‘Buy’ rating on PB Fintech, while warning that the proposed changes could have a material negative effect on the company's earnings in the near term.
Gold price prediction: Immediate support is placed around Rs 1,50,750, followed by the stronger base near Rs 1,50,000. On the upside, Rs 1,51,150–Rs 1,51,550 remains the initial resistance zone, while Rs 1,51,900 becomes the key upside objective.
The decline has taken place against the backdrop of the Iran war and its impact on LPG availability from the Gulf region. Before the war, the region accounted for around 90% of India's LPG imports.
India's Foreign Direct Investment soared to an unprecedented $94.53 billion in the fiscal year 2025-26, marking a significant achievement. Between 2014 and 2026, cumulative FDI inflows totaled $843 billion, demonstrating robust growth. Critical to this success were the government's Production Linked Incentive schemes, which not only spurred investment but also generated over 14.6 lakh new jobs. With ongoing efforts to simplify business operations, India strives to enhance its manufacturing competitiveness.