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Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Friday. While Nifty50 went above 24,800, BSE Sensex was up over 200 points.
Gold price prediction today: Gold prices are currently experiencing a downtrend, with the MCX Gold August Futures contract trading near ₹98,722. LKP Securities suggests a "Sell on Rise" strategy around ₹99,000–₹99,150, citing EMA resistance, Bollinger Band behavior, and negative MACD indicators.
Air India faced scrutiny from the DGCA for operating Airbus aircraft with overdue emergency equipment checks, potentially violating safety standards. While Air India is working to rectify the issues, the DGCA warned that non-compliance could lead to suspension of airworthiness certificates and penalties.
Uttar Pradesh Chief Minister Yogi Adityanath inaugurated the Gorakhpur link expressway, a 91.35-kilometre project costing Rs 7,283.28 crore. This expressway connects Gorakhpur to Azamgarh, linking to the Purvanchal Expressway, and passes through four districts. It significantly reduces travel time, for example, Urwa is now just 20–25 minutes away.
Amidst rising tensions between Iran and Israel, India closely monitors the Chabahar Port and INSTC projects, vital for accessing Afghanistan, Central Asia, and Russia. India's decade-long agreement manages Chabahar Port, offering crucial connectivity bypassing Pakistan.
China's rare earth magnet exports plummeted in May, hitting a five-year low due to new export restrictions and stricter customs scrutiny. This disruption has impacted global industries, including automotive and aerospace. While China aims to control strategic resources and ease trade tensions, customs delays and regulatory ambiguity persist, hindering shipments despite some export licenses being approved.
Prime Minister Modi launched the first 'Make in India' diesel locomotive for export from Bihar's Marhowrah factory. Developed with Wabtec, the factory will export 150 locomotives to Guinea for an iron ore project, a deal worth over Rs 3,000 crore. These 4,500 HP locomotives boast advanced features and support various track gauges.
2025/07/05 10:36:40
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