DIGITAL GOLD WARNING
D-St set for a cautious opening as GIFT Nifty signals muted start
The Nifty index showcased mixed movements on Monday, opening on a high note before being swayed by profit booking. Experts predict a period of consolidation ahead for Indian stocks amid ongoing inflation apprehensions. Global market signals are expected to play a major role in shaping market trends, especially with promising earnings forecasts and lower crude oil costs.
How China gets the Nvidia chips it needs to develop AI
Nvidia's dominance in the global AI chip market has come under scrutiny as US export restrictions fail to fully prevent China from accessing advanced processors. Chinese firms are reportedly obtaining Nvidia chips through smuggling and overseas data centres, while domestic players such as Huawei race to develop competitive alternatives.
Uday Kotak says $700 bn outstanding FII payments will boost market, sees AI worries driving flows to India
Veteran banker Uday Kotak expects India to benefit from a potential reversal in global investment flows as concerns over excessive AI spending weigh on US markets. He highlighted $700 billion in outstanding foreign portfolio investments, flagged the possibility of further RBI rate hikes and advised investors to focus on quality stocks and medium-term strategies.
Middle class spending boom in India comes with growing debt bill
Consumer borrowing in India has surged significantly as access to credit has expanded across the population. Individuals like Navjot Singh illustrate the financial burdens incurred from loans that have become widespread among the populace. As interest rates increase, many consumers face a heightened risk of default on their debts. Reports show that borrowing against gold and informal loans has also intensified in recent years.
New Rs 10, Rs 20 & Rs 50 notes to run short before Diwali? PIB Fact Check debunks viral RBI circular
A viral WhatsApp message claiming that new Rs 10, Rs 20 and Rs 50 notes may be in short supply ahead of Diwali has been debunked by PIB Fact Check. The agency clarified that the RBI has made no such announcement and urged people not to share unverified claims.
Explained: Why gold investors should tone down expectations as yellow metal plunges to a 1-year low
Gold has fallen more than 30% from its January record high, with rising oil prices, inflation concerns and expectations of further Fed rate hikes adding to pressure. Analysts remain cautious about a near-term recovery, even as major banks retain bullish forecasts for 2027.
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PC Jeweller shares drop 4% after Sebi sends warning letters to MD, company secretary. Here's why
PC Jeweller shares fell over 4% after Sebi issued warning letters to two senior executives for failing to maintain a structured digital database linked to a 2025 business update. The company said the warnings would have no financial or operational impact.
How Indian investors’ portfolios are changing: From property and gold to SIPs and ETFs
Indian households are re-evaluating their asset allocations as gold holdings rise and equity investments remain stable. Recent data reveals a significant increase in household wealth, particularly in gold and real estate. Households are moving from traditional savings to market investments, notably through systematic investment plans. Meanwhile, financial behaviors are changing, with more monthly contributions being made to equities.
Gold prices edge lower as US inflation data reinforces Fed outlook
Gold prices fell in early Asian trading, reflecting a decline of over 1% from the previous session. Spot gold is currently valued at $4,006.06 per ounce, while US gold futures have dipped to $4,018.50. Heightened inflation worries have raised fears of a potential interest rate hike by the Federal Reserve in December.
UK Emergency Alert: Why Andy Burnham's govt is asking people to store food, keep cash at home & prepare for 3 days without essential services
The UK government has launched a three-year 'Be Ready' campaign urging households to prepare for emergencies such as extreme weather, wildfires and cyberattacks. The guidance advises Britons to keep three days' worth of essential supplies, including bottled water, non-perishable food, cash, a torch, spare batteries and a radio, in case essential services are disrupted.
Branch managers, 37 mule accounts & Rs 7.3 crore racket: How labourers were lured with loan promises only to have their documents misused. Police probe Chinese link
Two branch managers of a private bank are under investigation for their alleged role in a Rs 7.3-crore mule-account racket linked to 99 cybercrime complaints across India. Six people, including one branch manager, have been arrested, while another manager remains absconding. Police are probing alleged forged KYC documents, suspected cryptocurrency transactions and a possible link to a Chinese national.
D-Street poised for positive start as GIFT Nifty signals gains
On Monday, benchmark indices saw a downturn, erasing a brief recovery. The combination of weak global cues and profit-taking in the private banking and IT sectors weighed on investor confidence. Analysts suggested that immediate resistance is at 23,175, with support situated at 22,800. Foreign portfolio investors sold shares worth Rs 1,148 crore, while domestic institutional investors remained net buyers.
Gold, silver boom puts US bank trading revenues on track for record $5 billion
In the first half of 2026, the precious metals desks at major banks achieved significant earnings due to high demand. JPMorgan Chase reported approximately $700 million in profits from trading gold, silver, and other metals. Deutsche Bank also returned to bullion trading, earning more than $200 million in the same period. Analysts predict that banks will generate around $5 billion from precious metals trading by the end of the year.
'Iran signed NPT, India did not...situation is very different': Jaishankar highlights distinctions, deepening global energy crises amid West Asia turmoil
External Affairs Minister S Jaishankar said India's non-signatory status under the NPT gives it a different position from Iran, which is an NPT signatory, while stressing that India's immediate concern is the impact of the West Asia conflict on energy and trade. He called for restoring uninterrupted supply and trade flows.
D-St set for a negative opening as GIFT Nifty signals weak start
Benchmark indices faced a decline as global uncertainty impacted the market and investor sentiment remained cautious. The Nifty index is under pressure, with 22,600 acting as a significant support level. Foreign portfolio investors recorded a net sale of shares worth Rs 10,148 crore while domestic institutions were net buyers. The rupee settled flat against the US dollar amidst heavy FII outflows.
School assembly headlines for September 24: Top India, international, business and sport news
School assembly news for September 24 includes major weather alerts in India, developments at the United Nations, new medal achievements by Indian athletes at the Asian Games and banking and aviation updates. The key stories also include India’s growing solar capacity, international diplomatic discussions and measures being taken ahead of a nationwide bank strike.
'The Big Short' fame Michael Burry bets on copper. Is red metal heading for a hot rally?
‘The Big Short’ fame Michael Burry has disclosed a long position in copper producer Ero Copper, as supply constraints, falling inventories and limited discoveries fuel expectations of further gains in the red metal.
How one email cost a 77-year-old retiree $390,000 and his retirement plans
Jeffrey Maas, a 77-year-old retiree, lost his life savings after falling for a scam. He received a fake email about an antivirus charge that led to a phone call with a scammer. Maas was manipulated into believing he had to buy gold to reverse a fraudulent deposit. He filed a lawsuit against his bank and the precious metals dealer for negligence.
Gold prices dip Rs 1,900/10 gram; silver up Rs 1,400/kg as high inflation keeps traders on edge: Key levels to watch
Gold prices fell Rs 1,900 per 10 grams over three sessions on MCX, while silver gained Rs 1,400 in two days. High inflation expectations and rate hike concerns keep precious metals volatile. Analysts suggest buying gold near Rs 1,52,500 and silver near Rs 2,36,000 with strict stop loss targets.
'All Iranian airlines will be shut down around the world': Bessent threatens secondary sanctions against foreign airports, fuel suppliers
United States Treasury Secretary Scott Bessent warned Iranian airlines face international shutdown. Foreign companies providing services risk secondary sanctions and exclusion from the dollar system. This action escalates economic pressure on Tehran's aviation sector. Iran's airlines already face significant restrictions due to prior US sanctions. Discussions with China are ongoing regarding compliance with these new measures.
Short-term headwind or structural story: Which is important? 9 cement sector stocks with upside potential of up to 28%
Are cement companies able to raise prices as the monsoon ends? Do those increases hold the way they have in recent years? The answers to these questions will tell you whether there is strong enough demand to help the sector handle cost pressures. If the price hikes come and stick, it is a sign that the long-term strength is winning over short-term problems. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
The market is confusing and nothing in it is cheap. One ratio may help: 5 stocks with an upside potential of up to 22%
In today’s market situation, consider confusion and uncertainty as givens. The market's direction is genuinely hard to call, and nothing is on sale. Neither of those is going to change just because you want it to.
Digital gold may come under RBI, Sebi oversight; physical backing proposed
Discussions are underway to tighten digital gold rules, requiring physical bullion backing for every unit. The government is considering joint oversight by the Reserve Bank of India and Sebi. Digital gold, managing approximately three billion dollars in assets, is seen as an unregulated segment. Stakeholders agree that bringing this popular product under regulatory supervision is urgently needed.
IIT-Delhi engineer, bank manager arrested by Mumbai Police for duping Rs 1.12 crore from a 68-year-old in a digital arrest scam
An IIT Delhi graduate and a private bank operations manager are among six people arrested in connection with a Rs 1.12 crore digital arrest scam targeting a 68-year-old retired professional in Dahisar. Police traced the money through a gold trading firm's account and alleged that the accused helped arrange mule accounts, SIM cards, OTP-enabled handsets and fund withdrawals.
For investors who know and accept that bears can roam the street longer: 5 mid-cap stocks with upside potential of up to 29%
It is when the market displays the kind of sentiment it is doing now that most investors develop a strong desire to just get out. That’s quite understandable, especially as more trouble is expected. But there is a problem with getting out. The market can turn on a single sentence, over a single weekend, and by the time you register the move, it is gone. As you cannot reliably jump out and back in, the sensible thing to do is to hold on to good businesses and forget about timing the market.
Billions on the table: Senate crypto vote tests how far Trump's ethics concessions really go
The US Senate prepares for a crucial vote on a cryptocurrency regulation bill. Democrats are concerned the legislation inadequately addresses President Trump's personal crypto holdings. The bill aims to establish clear federal rules for digital assets and resolve agency disputes. Trump has agreed to some ethics concessions, but most Democrats remain unsatisfied. This vote is a significant election-year test for the growing crypto market.
Amazon Now’s sales surge; govt’s stance on UPI charges
Happy Tuesday! Amazon's quick commerce arm is scaling fast, India head Samir Kumar told us. This and more in today’s ETtech Morning Dispatch.
School assembly news headlines for September 3: Top India, world, sports and business updates
School assembly news headlines for September 3: ISRO is set to launch a satellite, while Bihar issues a warning regarding fish safety due to Nepal floods. Meanwhile, Jaishankar visits Ukraine and Poland amid escalating US strikes on Iran. Notably, India's imports of Russian crude oil saw a decrease in August. Additionally, Adani Ports has reached a remarkable cargo milestone, and L&T Finance is planning to expand its branches.
Unregulated digital gold's return risk: You lose 6% the moment you buy, explains Zerodha’s Nithin Kamath
Zerodha CEO Nithin Kamath supported Sebi’s warning on digital gold, calling it unregulated and inefficient. He cautioned that buyers lose nearly 6% upfront due to GST and spreads, urging investors to choose gold ETFs for safer exposure instead.
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