The Indian rupee depreciated by 18 paise, closing at 85.50 against the US dollar on Thursday, pressured by strong dollar demand from importers and foreign capital outflows. Despite this, the currency was supported by robust domestic equity gains and a decline in global crude oil prices. Market participants are closely monitoring upcoming US economic data and Federal Reserve Chair Jerome Powell’s remarks for further direction.

Gold prices in the national capital experienced a sharp decline of Rs 1,800 to Rs 95,050 per 10 grams, driven by a global retreat in precious metals amid improved geopolitical and trade conditions. Investors are moving away from gold’s traditional safe-haven appeal as recent developments, including a temporary US-China tariff truce and easing India-Pakistan tensions, reduce market uncertainty. Silver prices mirrored the downturn, falling Rs 1,000 to Rs 97,000 per kilogram.

ndia’s equity markets witnessed a remarkable resurgence on Thursday, with the benchmark BSE Sensex soaring by 1,200.18 points, marking a seven-month high at 82,530.74. The NSE Nifty breached the psychologically significant 25,000 level, closing at 25,062.10 for the first time since October 2024. This rally was fueled by across-the-board buying across key sectors, including banking, automobile, IT, and oil & gas, alongside fresh inflows from foreign institutional investors.

MTAR Technologies, a leading precision engineering company based in Hyderabad, has announced fresh orders worth Rs. 34 crore across the clean energy and aerospace sectors. These orders, set for execution by the end of FY26, underscore the company’s growing role in India’s high-tech manufacturing landscape. With a strategic push into volume-based contracts and new product innovations, MTAR is positioning itself as a reliable supplier for mission-critical components.

GreenCell Mobility, a sustainable transport company backed by Eversource Capital, has secured key contracts to deploy over 1,200 electric buses across Madhya Pradesh and Andhra Pradesh under the Government of India's PM e-Bus Sewa scheme. The company has partnered with VE Commercial Vehicles and EKA Mobility to support this large-scale initiative aimed at accelerating the electrification of public transportation.

India's wholesale price inflation (WPI) eased to a 13-month low of 0.85% in April 2025, marking a notable slowdown from 2.05% in March. The reduction was driven by a decline in the prices of food articles, fuel, and manufactured products, signaling a positive outlook for the economy. Experts project continued moderation in WPI inflation in the coming months, with favorable base effects expected to play a key role. Retail inflation, which also saw a significant decrease, further strengthens the case for potential monetary policy adjustments by the Reserve Bank of India.

Indian actress Shalini Passi and celebrated artist Paresh Maity are preparing for a prestigious debut at the 2025 Cannes Film Festival. They will represent the Indian film Longitude 77, showcasing India's rich cultural heritage on a global stage. Passi, known for her role in Fabulous Lives of Bollywood Wives, is excited about this opportunity to highlight Indian creativity, while Maity, a Padma Shri awardee, looks forward to bringing Indian artistic expression to the international audience.

Tata Capital, a prominent financial services firm within the Tata Group, has posted an impressive 31% year-on-year growth in its consolidated profit after tax (PAT), reaching Rs 1,000 crore for the quarter ending March 2025. This marks a significant improvement from Rs 765 crore in the same period last year. The company’s total revenues surged by nearly 50%, reflecting robust performance across its operations.

Jio Credit, the non-banking financial subsidiary of Reliance’s financial arm, has successfully raised Rs. 1,000 crore through its inaugural bond issue. The offering, initially sized at Rs. 500 crore, was expanded via a greenshoe option following overwhelming investor demand, leading to an oversubscription of three times. The bonds, carrying a tenor of nearly three years and a coupon rate of 7.19%, were priced below many comparable issuances in the NBFC sector.