🗞️ Govt Raises Gold & Silver Tariffs to 15%
The government has raised tariffs on gold and silver imports to 15% in a move aimed at curbing imports and supporting the rupee.
The decision could impact bullion demand and domestic pricing trends.
💬 Expert Take — “Higher precious metal tariffs are often used to manage currency pressure and trade deficits.”
🗞️ Retail Inflation Rises to 3.48%
India’s retail inflation edged up to 3.48% in April.
The increase keeps inflation trends under close watch for future policy direction.
🗞️ IT Stocks Hit 52-Week Lows
Shares of TCS, Infosys, and HCL Tech touched 52-week lows after fresh developments in the AI space triggered sector-wide pressure.
The selloff weighed heavily on market sentiment.
🗞️ Adani Ports to Invest €1.36 Billion in Europe
Adani Ports plans to invest €1.36 billion to expand its European footprint.
The move marks another major global infrastructure expansion by the group.
🗞️ EXIM Bank Plans $10.5 Billion Debt Raise
EXIM Bank is planning a $10.5 billion debt fundraise in FY27.
The borrowing aims to support export financing and overseas trade initiatives.
🗞️ Dixon Tech Announces ₹500 Dividend
Dixon Technologies reported Q4 results and announced a ₹500 dividend.
The company continues to benefit from electronics manufacturing momentum.
🗞️ India Ranks 3rd in Renewable Energy Capacity
India has become the world’s third-largest installed renewable energy market.
The ranking highlights the country’s accelerating clean energy expansion.
📊 Market Update
📉 Sensex: 74,559.24 ▼ 1,456.04 pts (–1.92%)
📉 Nifty 50: 23,379.55 ▼ 436.30 pts (–1.83%)
🪙 Gold (per gram): 24K ₹15,399 ▲ ₹1 | 22K ₹14,116 ▲ ₹1
🥈 Silver: ₹290.10/g ▲ ₹0.10 | ₹2,90,100/kg ▲ ₹100