Business

New Delhi, April 9. Ferrous companies are likely to post strong fourth quarter (Q4) results as prices of hot-rolled coil and rebar rose sharply, driving up revenues and offsetting higher coking coal costs, a report said on Thursday.The report from Emkay Global Financial Services said that "COAL is likely to report strong on-quarter EBITDA growth, among mining stocks, surging over 46 per cent or Rs 115 billion". The growth is supported by higher e-auction revenues and improved demand amid rising power demand.Prices of HRC and rebar climbed about 14 per cent and 21 per cent respectively on a sequential basis. The increase was driven by strong demand, accelerated government infrastructure spending, and the implementation of safeguard...

New Delhi, April 9 – Union Petroleum and Natural Gas Minister Hardeep Singh Puri is scheduled to visit Qatar between April 9 and April 10 to discuss liquefied natural gas (LNG) supplies amid disruptions caused by the ongoing Iran conflict, the ministry said on Thursday.In a post on X, the Ministry stated, "Union Minister for Petroleum & Natural Gas, Hardeep S. Puri, will be on an official visit to the State of Qatar on April 9–10, 2026."India has been ensuring adequate gas availability for households, as global supply chains remain under stress.Earlier, state-run QatarEnergy had last month declared force majeure on long-term LNG supply contracts for up to five years, affecting shipments to countries such as Italy, Belgium, South...

New Delhi, April 9 Amid the ongoing West Asia crisis, the Directorate General of Shipping (DG Shipping) has directed ports to ensure concessions for exporters with stranded cargo in the war-affected Persian Gulf region.According to a circular, "it has been observed that concessions granted by port authorities, particularly relating to detention charges, ground rent, reefer plug-in (connected load), and similar terminal charges, are not being uniformly passed on to the exporters."The DG Shipping circular said that all concessions approved by Port Authorities will be directly and transparently passed on to the concerned stakeholders, including freight forwarders and NVOCCs who in turn shall reflect the same to the exporters.Port...

Mumbai, April 9 Gold and silver prices declined on Thursday despite fresh geopolitical tensions following reports of Israel attacking Lebanon's Hezbollah.On the Multi Commodity Exchange (MCX), gold futures (June 5) fell by as much as 0.74 per cent or Rs 1,129 to Rs 1,50,647, hitting an intraday low around 10:40 AM. The yellow metal was later trading at Rs 1,51,113, down Rs 663 or 0.44 per cent. It touched an intraday high of Rs 1,51,452.Meanwhile, silver futures (May 5) also witnessed sharp losses, plunging 2 per cent, or Rs 4,785, to an intraday low of Rs 2,35,133. The white metal touched an intraday high of Rs 2,37,589 and was trading at Rs 2,36,417, down Rs 3,501, or 1.46 per cent.Market sentiment remained subdued amid...

Goldman Sachs has significantly tempered its outlook, cutting its Q2 2026 price forecast for Brent and US crude to $90 and $87 per barrel, respectively. This bearish projection contrasts sharply with the rebound seen in global oil benchmarks on Thursday. Oil prices regained momentum, surging over 2% as persistent concerns regarding disruptions in the Strait of Hormuz fueled immediate buying activity.Global Benchmarks Rebound on Middle East Tension On Thursday, crude oil futures demonstrated a strong upward swing. Brent crude futures climbed $1.96, or 2.07%, reaching $96.71 a barrel. Meanwhile, US West Texas Intermediate (WTI) crude advanced even more sharply, gaining $2.60, or 2.75%, to hit $97.01 a barrel.Domestically, the Indian...

Ola Electric Mobility share price extended a significant rally on Thursday, April 9, gaining over 9% in intraday trade to ₹ 33.14. This surge occurred amidst a broader market sell-off, as benchmark indices Sensex and Nifty fell over 1% each due to fading hopes regarding a US-Iran ceasefire. The stock’s upward momentum builds on recent operational strides and a pivotal technological announcement by the company.LFP Cell Readiness Drives Investor Confidence The latest price action followed the company's announcement on April 7 regarding its in-house Lithium Iron Phosphate (LFP) cell. This development is positioned as a key accelerator for building a comprehensive electric mobility and energy ecosystem. The new 46100 format LFP cell is...

New Delhi, April 9 – Entertainment conglomerate Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with a significant number of layoffs likely in its marketing division, according to a report.The Wall Street Journal said, citing sources, that the plans for the job cuts were initiated before Josh D’Amaro took over as the company’s chief executive officer in March.The layoffs are expected to impact less than 1 per cent of Disney’s total workforce. The company had around 231,000 employees as of the end of fiscal year 2025.Disney’s newly-appointed chief marketing officer, Asad Ayaz, is also planning to consolidate the company’s marketing operations and reduce costs under a programme codenamed ‘Project Imagine’, the...

The Indian stock market experienced a severe sell-off on April 9, 2026. Benchmark indices are grappling under intense selling pressure, driven by waning optimism regarding the US-Iran ceasefire and resurfacing anxieties surrounding inflation.Traders witnessed significant losses across the board. The market reacted sharply to global cues, suggesting caution is mandated by macroeconomic headwinds.Key Benchmark Indices Face Steep Sell-Off Pressure The key indices opened on a clear downside gap, signaling investor apprehension. The Nifty 50 index opened at 23,909, marking a significant decline from its previous close.The BSE Sensex showed the steepest fall, opening lower at 77,319. It touched an intraday low of 76,624, logging an...

Shares of Honasa Consumer, the parent company of Mamaearth, experienced a significant upward surge on Thursday, April 9. The rally saw the stock price spike sharply in intraday trading, climbing by 12%. This dramatic movement directly followed the announcement of the company’s business update.The boost in momentum highlights strong market sentiment surrounding the company's recent operational performance. The announcement provided insights into the recently concluded March quarter of the financial year 2025-26 (FY26).Analyzing Honasa Consumer’s Intraday Price Surge The market reacted with considerable enthusiasm on April 9th, propelling the share price. The stock recorded a robust 12% spike across intraday transactions. This...

Market Momentum: Om Power Transmission IPO GMP Surge Signals Strong Investor Interest The Om Power Transmission IPO marked its first day of bidding on Thursday, April 9. Early market indicators suggest significant investor enthusiasm for the listing. Most notably, the Grey Market Premium (GMP) for the issue has sharply escalated to ₹ 7.This substantial jump represents a considerable increase from the GMP recorded just a few days prior, which stood at ₹ 1.5. At the current GMP level, the projected listing price for Om Power Transmission is calculated at ₹ 182, translating to an expected premium of 4%.IPO Structure and Key Financial Details The book-built issue has a total valuation of ₹ 150.06 crore. The offering is structured...

Mumbai, April 9 The rupee depreciated by 17 paise to 92.71 against the US dollar in early trading on Thursday as the fragile ceasefire and Iran's threat to withdraw from talks if Israel continued bombing Lebanon kept investors wary.Forex traders said that the market is in a wait-and-see mode rather than strong directional positioning, as the situation in West Asia remains fragile.Geopolitical uncertainty remained high amid Iran's threat to withdraw from talks if Israel continued bombing Lebanon, keeping investors wary of the opening of the Strait of Hormuz.At the interbank foreign exchange market, the rupee opened at 92.63 against the US dollar, then gained ground to touch 92.71 against the US dollar in initial trading...

Gold Rate Movements on April 9, 2026 Gold futures experienced significant volatility on Thursday, April 9, 2026. The gold futures contract for the June 2026 expiry on MCX opened with a noticeable downside gap. Early trading saw the precious metal opening at ₹ 1,50,647 per 10 gm.Despite the initial weakness fueled by weak global sentiments around precious metals, value buying emerged at lower levels. Within minutes of the Opening Bell, the yellow metal managed to pare back its early morning losses. The rate subsequently rose above the ₹ 1,51,000 mark. However, despite this intraday recovery, the gold price in India remained down by approximately 0.50%.Crude Oil Prices and Geopolitical Headwinds Pressure Gold Experts attribute the...

New Delhi, April 9 Realty firm Signature Global Ltd has reported a 5 per cent decline in its pre-sales to Rs 1,540 crore in the fourth quarter of the last fiscal year, amid a slowdown in housing demand in Gurugram, Haryana.Its sales bookings stood at Rs 1,620 crore in the year-ago period.During the 2025-26 fiscal, the sales bookings fell 20 per cent to Rs 8,220 crore from a record Rs 10,290 crore in the preceding year, Signature Global said in a regulatory filing on Wednesday.The company sold 2,114 homes in the last fiscal, almost half of the 4,130 units in the preceding year.During FY26, the company's average sales realization increased to Rs 15,250 per sq ft from Rs 12,457 per sq ft in FY25, driven by higher volumes in the...

Mumbai, April 9 – The Indian equity markets opened cautiously on Thursday after a sharp rally in the previous session. Benchmark indices declined amid investor concerns over escalating geopolitical tensions, as reports suggested that Israel had attacked Hezbollah in Lebanon, raising fears of a potential disruption in the Strait of Hormuz.The Sensex fell by 560 points or 0.72 per cent, closing at 77,003, hitting an intra-day low in early trading. The Nifty also fell by as much as 182 points or 0.75 per cent, closing at 23,815, also hitting an intra-day low. Among the top decliners were IT, realty, banking, and auto stocks, which fell by up to 1 per cent.Among the Nifty pack, Infosys, Shriram Finance, HCL Tech, Bajaj Finance, IndiGo...

Bosch Stock Jumps After Approving ₹9,069 Crore Acquisition of Subsidiary Bosch shares witnessed a significant rally in early trading on Thursday. The surge was triggered by the company's formal approval to acquire a 100% stake in Bosch Chassis Systems India Private Limited (BCSI). This strategic move carries a substantial valuation of ₹ 9,068.68 crore.Following the announcement, Bosch shares climbed as much as 2.7%, reaching ₹ 36,912.35 apiece on the BSE. Earlier in the day, at 9:25 AM, the stock was already showing strength, trading 1.50% higher at ₹ 36,480 apiece on the BSE.Strategic Implications of the BCSI Acquisition The company's decision to take full ownership of BCSI marks a major corporate action. The planned acquisition...

Rupee Weakens Against Dollar Amid Oil Price Jumps The Indian Rupee opened marginally weaker against the US Dollar, trading at 92.66, marking an 8 paise dip. This movement correlates directly with an uptick in global crude oil prices. The fluctuation highlights the persistent correlation between energy commodities and the Indian currency's immediate movement.Key Drivers Behind Forex Volatility The opening trade suggests that escalating crude oil prices are exerting downward pressure on the Rupee's value. Energy price movements remain a primary driver for currency volatility in the emerging markets. Traders are closely monitoring global commodity benchmarks for signals regarding the Rupee's immediate trajectory.Market Sentiment...

Oil Prices Bounce Back Amid Geopolitical Friction Over Key Shipping Chokepoint Early Thursday saw crude oil prices mounting a swift rebound after plummeting in the previous trading session. This resurgence was fueled by renewed uncertainty surrounding the Strait of Hormuz, a vital artery responsible for transporting one-fifth of global oil supplies.At the opening of trading, the June contract for Brent on the Intercontinental Exchange traded at $96.80 per barrel. This represented a gain of 2.16% from its prior closing price. Meanwhile, the West Texas Intermediate (WTI) May contract on the NYMEX climbed 2.85% to reach $97.10 a barrel.The Impact of Ceasefire Agreements Versus Regional Tensions The preceding session had witnessed a...

Silver rates in India slipped significantly today, declining 2% to ₹ 2,35,133 per kg. The retreat was mirrored by gold, which also fell. Investors are in a holding pattern, awaiting key U.S. inflation data expected to influence global monetary policy and precious metal trends.The caution extended globally; spot silver fell 0.4% to $73.83 per ounce, while U.S. gold futures for June delivery dipped 0.8% to $4,739.20. Palladium, meanwhile, managed a slight gain of 0.3% to $1,559.29.Overview of Precious Metal Movements in India On Thursday, April 9, the domestic precious metal markets reflected palpable uncertainty. The MCX Silver rate recorded a 2% loss, falling by over ₹ 4,700 to ₹ 2,35,133 per kg. Gold prices also registered a dip of...

Gold and silver rates dipped significantly on Thursday, falling up to 3% after rallying over the previous two sessions. This retreat comes as investors digest evolving geopolitical developments surrounding the US and Iran.The overall market sentiment suggests caution, with the decline in precious metals linked to assessing the prospects of a diplomatic resolution to the US-Iran situation.Analyzing the Decline in Gold and Silver Rates On Thursday, COMEX gold rates fell over 1%, settling above $4,700 per ounce. This marks a reversal after the metal had appreciated by 1.5% across the preceding two sessions.Meanwhile, COMEX silver prices experienced a sharper decline, tumbling 3% during Asian trading hours, hitting $73 per ounce.The...

The Indian stock market indices, Sensex and Nifty 50, are set for a day of caution on Thursday. Mixed signals emanating from global markets are causing investors to remain watchful following the recent US-Iran ceasefire developments.The prevailing sentiment suggests a potential gap-down opening for the benchmark indices. This outlook is underscored by the Gift Nifty, which was observed trading around the 23,973 level. This represents a discount of nearly 84 points when compared to the Nifty futures' previous close.Wednesday saw a remarkable surge in market activity. The Nifty 50 index closed at 23,997.35, recording a gain of 873.70 points, or 3.78%. Meanwhile, the Sensex rallied significantly, climbing 2,946.32 points, or 3.95%, to...