Sensex Soars, Nifty Tops 25,000
Your daily dose of business news
🗞️ India Inks ToR for New Trade Pact
India has signed the terms of reference for a potential trade deal with Russia and other partners, aiming to deepen market access and streamline payments.
💬 Expert Take: “Early agreement on scope and timelines is a strong signal—watch for tariff schedules and rupee-settlement pathways to judge near-term export winners.”
🗞️ UltraTech to Pare India Cements Stake
UltraTech Cement plans to sell up to 6.5% in India Cements, a move that could unlock capital and simplify its portfolio.
💬 Expert Take: “Stake monetisation during a constructive cement cycle can be accretive—allocation of proceeds (deleveraging vs. capex) is the key variable.”
🗞️ Vedanta Slips on Court Setback
Shares weakened after the Supreme Court rejected Talwandi Sabo’s plea for additional compensation, clouding near-term cash flow visibility.
🗞️ Gold ETFs’ Assets Climb
India-listed gold ETFs now own ~67 tonnes of the metal, up ~42% YoY—signalling steady domestic allocation to bullion.
🗞️ Ola Electric Extends Slide
Ola Electric shares have halved in 2025; some analysts flag ₹57 as a potential support amid margin and demand concerns.
🗞️ IPO Rush Heats Up
Seven listings are lined up this week, with Vikram Solar and Mangal Electrical drawing the most GMP chatter.
🗞️ OpenAI Unveils ChatGPT Go in India
OpenAI launched ChatGPT Go at ₹399/month, with UPI payments—an India-exclusive plan targeting mass adoption.
🗞️ Infosys Lifts Q1 Performance Bonus
Infosys is awarding an average 80% payout for Q1 bonuses, a notable uptick from the previous quarter.
📊 Market Updates
📈 Sensex: 81,857.84 ▲ +213.45 (+0.26%).
📈 Nifty 50: 25,050.55 ▲ +69.90 (+0.28%).
📉 Nikkei 225: 42,888.55 ▼ −657.74 (−1.51%).
📈 SSE Composite: 3,766.21 ▲ +1.04%.
🥇 Gold : ₹98,593 / 10g ▼ −0.10%.