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Apple Pay Expected to Enter India Market in Coming Months

by theparliamentnews.com 22 January 2026

written by theparliamentnews.com

Apple Pay is reportedly preparing for its long-awaited entry into the Indian market, with the digital payments service expected to launch by the end of 2026, according to a report by Business Standard citing unnamed sources.

The service, which is currently available in 89 global markets, is said to be awaiting regulatory approval in India. Apple is reportedly in discussions with banks, regulators, and card networks to finalise the rollout framework.

In its initial phase, Apple Pay in India is expected to focus on card-based contactless payments rather than the Unified Payments Interface (UPI). The report notes that UPI integration may be introduced later due to more complex regulatory requirements. Apple is also said to be negotiating fee structures with card issuers and is unlikely to seek third-party application provider (TPAP) approval for UPI at the outset.

Once launched, Apple Pay is expected to support Tap to Pay on iPhone, allowing users to make NFC-based contactless payments at compatible point-of-sale terminals. The service can be used via iPhone and Apple Watch at retail stores, restaurants, fuel stations, and other locations displaying contactless payment symbols. It also supports in-app and online payments where Apple Pay is enabled.

The entry of Apple Pay is expected to intensify competition in India’s digital payments ecosystem. Apple’s rival Samsung already offers Samsung Wallet in the country, which supports contactless payments on compatible devices.

Globally, Apple Pay is supported by over 11,000 banks and network partners, including more than 20 local payment networks, according to Apple. If launched, Apple Pay would add another major international player to India’s rapidly evolving digital payments landscape.

Short Summary

Apple Pay is reportedly set to launch in India by the end of 2026, pending regulatory approval. The initial rollout is expected to focus on card-based contactless payments, with UPI integration likely at a later stage.

22 January 2026 0 comment

Blog Business Featured

Silver Jumps 9% to Record High as Demand Pressures Intensify

by theparliamentnews.com 28 December 2025

written by theparliamentnews.com

Silver prices surged sharply on Friday, climbing 9% to touch a fresh all-time high of $78.53 per ounce. The rally reflects growing pressure in global metals markets, where tightening supply and rising demand are reshaping price expectations across precious and industrial commodities.

Often seen as both a safe-haven asset and an industrial metal, silver has benefited from a rare alignment of factors that have pushed prices beyond previous records.

Supply Constraints Meet Rising Demand

One of the key drivers behind silver’s rally is an ongoing market deficit. Supply has struggled to keep pace with demand, particularly from industries that rely heavily on silver for manufacturing and technology-related applications.

The metal plays a critical role in sectors such as electronics, renewable energy, and advanced manufacturing. As investment in clean energy and high-tech infrastructure accelerates globally, demand for silver has intensified, amplifying price pressure in an already constrained market.

A Broad Rally Across Precious Metals

Silver’s surge was part of a wider upswing across the precious metals complex. Gold reached a new all-time high at $4,549.71 per ounce, underlining strong investor interest in hard assets amid economic uncertainty and inflation concerns.

Platinum also recorded a fresh peak, rising 10% to $2,454.12 per ounce, while palladium posted one of the strongest moves of the session. Prices for palladium jumped more than 14%, last trading around $1,924.03 per ounce, reflecting renewed interest and tight market conditions.

Why Metals Are Back in Focus

The renewed momentum in precious metals highlights a shift in market sentiment. Investors are increasingly drawn to tangible assets that offer both intrinsic value and protection against volatility. At the same time, industrial demand is no longer limited to cyclical growth but is being reinforced by long-term structural trends such as electrification and decarbonisation.

Silver, in particular, sits at the intersection of these forces, making it uniquely positioned to benefit from both investment flows and industrial consumption.

What This Means for Investors

The sharp rise in silver and other precious metals suggests that markets are reassessing the balance between supply, demand, and future growth. While price volatility is likely to remain, the current rally underscores the growing strategic importance of metals that serve both financial and industrial purposes.

As global demand continues to evolve, silver’s dual role may keep it firmly in focus for traders, investors, and industry players alike.

28 December 2025 0 comment

Blog Business Featured

Elon Musk’s net worth has jumped to nearly $750 billion

by theparliamentnews.com 21 December 2025

written by theparliamentnews.com

Elon Musk’s wealth saw a massive surge after a court in the United States said he could have a special payment deal from Tesla that people had been arguing about for a long time. This made his money grow faster.

After the court made this decision Elon Musks money went up to 750 billion dollars. This means Elon Musk is really close to having one trillion dollars, which’s a lot of money that nobody has ever had before. Elon Musk is getting closer, to being the person to have this much money.

The increase happened after the Delaware Supreme Court changed its mind about something it decided earlier. This earlier decision said that the pay deal Musk got from Tesla in 2018 was not okay. It said the deal was too good and not valid which meant Musk would not get money that was supposed to be his if Tesla did well over the years. Now the court says the opposite so Musk gets to keep the stock options that make up a part of his money. The Delaware Supreme Court decision is, about Musks Tesla pay agreement. Musks Tesla pay agreement is important because it gives him a lot of money if Tesla does well.

Revisiting the 2018 Tesla Pay Deal

The pay deal that is causing all the trouble started in 2018. That is when the people in charge of Tesla said it was okay for Elon Musk to get a kind of pay. This pay was not, like a salary. Instead Elon Musk got the chance to buy Tesla stock if the company did really well and made a lot of money. The company had to meet some tough goals for this to happen. Elon Musk and Tesla had to do some things for him to get all of the Tesla stock.

Tesla had an agreement that said Musk could buy around 304 million Tesla shares for a price.. Only if Tesla did really well and met some big goals. Well Tesla did well. It met those goals. Now Musk has a great deal to buy a lot of Tesla shares. This deal is one of the pay packages for a big company boss that we have ever seen. Musk and Tesla are really happy about this because it worked out well for them and, for Tesla.

The price of the restored package is about 139 billion dollars now. If Elon Musk decides to use all the options his part of Tesla will go up from around 12.4 per cent to about 18.1 per cent. This is because the total number of shares will increase. Elon Musk will own more of Tesla, which’s a big company that he is already a part of. The value of Tesla will still be important, to Elon Musk.

The court made a change. It went back on what it said. The court reversed its decision. This is a deal. People want to know why the court did this. The court had made a decision. Now it is saying something different. The court reversed its decision and this is important. We need to think about why the court changed its mind. What made the court reverse its decision?

The Delaware Supreme Court made a decision about something that a lower court was worried about, in 2024. This lower court had said that the pay package had to be cancelled. The lower court thought the pay package was too much and not set up well. The Delaware Supreme Court looked at the pay package and the courts decision about the pay package.

The Supreme Court changed its decision. Said that if they took away all of Elon Musks compensation then Elon Musk would not get paid for the time and efforts Elon Musk put in over six years. The court said that even though the payment package was not normal it showed how value Tesla created during that time and that is a big deal, for Tesla.

The decision also had an impact on how much money the people in charge get paid, especially for companies that were started by someone who is still, in charge, where the amount of money they get depends on how well the company does.

The Ripple Effect on Musk’s Net Worth

The Tesla options are back. That really helped Elon Musk. He is now doing well on the list of the richest people in the world. Some people keep track of how much money billionaires have. They say that because of this decision Elon Musks money is now close to $750 billion. This means Elon Musk is still the person in the world. The Tesla options really made a difference, for Elon Musk.

This increase happens after a lot of money milestones for Elon Musk. Earlier in the week Elon Musk became the person to have more, than $600 billion, which is the total value of everything he owns. This happened because of things that occurred with the companies Elon Musk is involved with SpaceX and the other companies that Elon Musk has.

SpaceX and the Next Wave of Valuation Growth

SpaceX is a big part of why Musk has so much more money now. There were reports that someone might buy the company for $800 billion. This made Musks money go up by $168 billion. Now people think Musk has around $677 billion. This happened before the court made a decision about Tesla. SpaceX is still doing well. That is good, for Musk.

SpaceX is getting ready for something. They might even have a public offering as soon as next year. If this initial public offering happens and things go as planned SpaceX could be worth, around $1.5 trillion. This would really change the way people look at Elon Musks money. SpaceX is going to be a deal if this happens. The initial public offering of SpaceX is what everyone is waiting for.

SpaceX is an important company for Elon Musk. He started SpaceX. He is the one who makes things happen there. The part of SpaceX that Elon Musk owns is one of the things that’s worth the most to him. This is because people who invest in SpaceX think the company will do a job with launching things into space with its satellite business and with its big plans for space in the long term. SpaceX and its plans, for space are what make people want to invest in the company.

Tesla’s Continued Role in Musk’s Wealth

Elon Musk still has a lot of Tesla stock. He already owns twelve per cent of the company that makes cars. This twelve per cent stake in Tesla is worth about $197 billion. That is without the extra options he gets for being, in charge. Elon Musks Tesla holdings are really big.

Tesla is doing well in the market and this is good for Elon Musk because he owns a lot of Tesla. This means Tesla is a part of his wealth. The court made a decision that helps us know Elon Musk will be with Tesla for a time. This is important because some people at Tesla were worried that he might not be. Teslas board was concerned, about this. Now that is not a problem anymore.

The Growing Influence of xAI Holdings

Elon Musk is getting richer and richer. One of the reasons, for this is xAI Holdings, which’s Elon Musks artificial intelligence company. This company is talking to people about getting money and it is worth about 230 billion dollars now. Elon Musks wealth is really growing because of xAI Holdings, his intelligence venture.

Elon Musk owns about 53 per cent of xAI Holdings. This means he has a stake in xAI Holdings that is valued at around $60 billion. XAI Holdings is still smaller than Tesla or SpaceX.. Xai Holdings is important because it shows Elon Musk is getting more involved in the artificial intelligence sector. This adds to the things Elon Musk is doing with his businesses. Elon Musk is making his business empire bigger by being part of the intelligence sector, with xAI Holdings.

How Close Is a Trillion-Dollar Net Worth?

Musk has a lot of things that make him money, like electric cars, space stuff, artificial intelligence and making things with really cool machines. This means Musks money situation is getting more and more mixed up in a way. Tesla is paying Musk again SpaceX might become a company and xAI is trying to get more money from people. All of these things together might make Musk the richest person, in the world which is really hard to do.

The big question is whether we will reach that point. This will depend on what’s happening in the market how things are carried out and what investors think. The recent court ruling has definitely sped things up.

A Defining Moment in Corporate and Wealth History

The fact that Musks Tesla compensation package is back in place is a deal for him but it is also a big deal, for people who talk about how much executives get paid how founders lead companies and how companies make money. Musks Tesla compensation package is going to affect the way people think about these things. Musks Tesla is a company that people watch closely so the reinstatement of Musks Tesla compensation package is important.

As Musk continues to lead multiple high-impact companies simultaneously, his rising net worth reflects both extraordinary ambition and the scale of risk involved. For now, the ruling has reset the debate and pushed the world’s richest person closer to a financial milestone once considered unimaginable.

21 December 2025 0 comment

Blog Business Featured India

Why Microsoft Is Pouring $17.5 Billion Into India’s AI Future

by theparliamentnews.com 10 December 2025

written by theparliamentnews.com

In a move that signals how central India has become to the global technology landscape, Microsoft has unveiled a staggering $17.5 billion investment plan its biggest in Asia spread across the next four years. Announced by CEO Satya Nadella after his meeting with Prime Minister Narendra Modi, the commitment is designed to fuel India’s AI-ready infrastructure, strengthen cloud capabilities, and expand sovereign digital systems that can support the country’s future industries.

This isn’t just another big-ticket tech announcement. It’s a declaration that India is now a critical battleground for the next wave of artificial intelligence development.

Why Microsoft Is Doubling Down on India

A Fast-Growing Digital Powerhouse

India is one of the world’s most rapidly expanding digital economies, making it a natural destination for hyperscale cloud providers and AI innovators. As digitization deepens across sectors from healthcare to manufacturing demand for advanced computing infrastructure is soaring.

Building AI Infrastructure at Scale

Microsoft’s investment will support new data centers, more powerful cloud environments, and AI-ready systems capable of handling next-generation workloads. With India targeting leadership in AI, these facilities will play a foundational role in model training, enterprise cloud adoption, and national-scale digital services.

Sovereign Capabilities and Skilled Talent

Nadella emphasized a focus on strengthening India’s sovereign tech capacity meaning infrastructure and systems that allow India to build, deploy, and govern its own AI solutions. Key to this will be training and upskilling the workforce, something Microsoft has been increasingly prioritizing.

A Competitive Moment in Global Tech Expansion

Microsoft’s announcement follows Google’s decision to invest $15 billion to build a major AI hub in Visakhapatnam one of Google’s largest worldwide. The timing signals intensifying competition among global tech giants to claim a deeper foothold in India’s digital future.

India’s ambitions in semiconductors, AI, and cloud computing have set off a wave of interest from global firms seeking to build, collaborate, and localize operations. Government incentives have further accelerated this momentum, encouraging companies like Microsoft to expand aggressively.

What This Means for India’s Tech Landscape

New Data Centers and Hyperscale Expansion

Microsoft plans to launch a new hyperscale data center by mid-2026, expected to be its largest in the country. This facility alone will boost India’s cloud availability, cut latency, support AI workloads, and draw businesses into the local cloud ecosystem.

More Jobs and Local Innovation

The company already employs more than 22,000 people in India. With the new investment, roles in cloud architecture, data engineering, cybersecurity, AI research, and operations are expected to rise. This will further strengthen India’s skilled talent pool already one of the largest in the world.

Boosting India’s AI Independence

As India works toward AI and semiconductor leadership, strong private-sector partnerships become essential. Microsoft’s push aligns with the government’s long-term goal of reducing dependency on imported technologies and building domestic capability.

Scaling Beyond Existing Investments

This $17.5 billion plan is layered over Microsoft’s earlier $3 billion commitment for AI and cloud infrastructure, highlighting that the company sees long-term, structural opportunity in India rather than short bursts of market potential.

Why This Announcement Resonates Globally

This investment is not only about India. It reflects the broader shift in global tech strategy where companies see the next major wave of AI users, builders, and innovators emerging from the Global South and India sits firmly at the center of that trend.

With enormous data generation, a booming developer population, and large-scale digital adoption, India has become a place where global AI futures are being shaped.

10 December 2025 0 comment

Blog Business Featured

How Three Friends Built a $10 Billion AI Company Before Graduating

by theparliamentnews.com 3 November 2025

written by theparliamentnews.com

Meet the 22-Year-Old College Dropouts Who Became the World’s Youngest Self-Made Billionaires
At just 22 years old, Brendan Foody, Adarsh Hiremath, and Surya Midha have done what most can only dream of — join the billionaire ranks before finishing college. The trio behind Mercor, an AI-powered recruitment startup, have officially become the world’s youngest self-made billionaires, surpassing Mark Zuckerberg’s record by a year. Their company recently hit a staggering $10 billion valuation following a $350 million funding round, as reported by Forbes.

From School Friends to Startup Founders
The story of Mercor’s founders traces back to Bellarmine College Preparatory in San Jose, where Hiremath and Midha met as debate partners. Their shared passion for innovation and technology eventually brought them together with Foody, whom they met at Georgetown University. What started as academic collaboration soon evolved into a vision that would transform the recruitment landscape through artificial intelligence.

The Leap of Faith: Dropping Out to Build a Dream
While most of their peers were preparing for finals, these three took a leap of faith. Hiremath, of Indian origin, left Harvard University, where he was studying computer science. Midha, majoring in international relations at Georgetown, and Foody, an economics student at the same university, both decided to drop out when Mercor began gaining traction. “If I weren’t working on Mercor, I would have just graduated college a couple of months ago,” Hiremath told Forbes. “My life did such a 180 in such a short time.”

The Power of the Thiel Fellowship
All three founders are Thiel Fellows, recipients of billionaire Peter Thiel’s $100,000 grant that supports young entrepreneurs who choose to forgo traditional education to pursue groundbreaking ideas. The fellowship gave them not only financial backing but also access to mentorship, resources, and a global network of innovators — accelerating Mercor’s path from a dorm-room project to a multi-billion-dollar company.

Mercor’s Vision: AI Meets the Hiring World
Mercor’s mission is simple yet revolutionary — use AI to redefine how companies hire talent. The platform leverages advanced machine learning to match job seekers with employers based on skillsets, performance patterns, and behavioral data. Its algorithm can assess compatibility faster and more accurately than conventional recruitment models, saving companies time and money while expanding opportunities for candidates worldwide.

The startup’s approach has been hailed as a game-changer in a post-pandemic world where hiring efficiency and remote talent pools dominate corporate priorities. With major venture capital firms backing its recent round, Mercor is positioning itself as the “OpenAI of recruitment.”

Surpassing Zuckerberg: The New Face of Gen Z Billionaires
By achieving billionaire status at 22, the Mercor founders have outpaced Mark Zuckerberg, who joined the club at 23 after Facebook’s early success. Their story is part of a broader shift in Silicon Valley — one where Gen Z entrepreneurs are challenging norms, experimenting with bold ideas, and leveraging AI as their central growth engine.

The rise of Foody, Hiremath, and Midha also follows a growing trend of young innovators reshaping the tech industry, joining names like Shayne Coplan of Polymarket and Alexandr Wang of Scale AI. But unlike others, the Mercor trio’s journey stands out for its collaborative spirit — three minds working as one, building an empire from a shared belief in the power of technology to connect people and opportunity.

What’s Next for Mercor and Its Founders
With a $10 billion valuation and a fresh influx of capital, Mercor plans to scale its AI hiring solutions globally, targeting both enterprise clients and emerging startups. Insiders say the company is developing a next-gen conversational AI layer that will enable recruiters to interact with the system naturally, further automating the hiring process.

As for the trio, they’ve shown no sign of slowing down. For them, Mercor isn’t just a business — it’s a movement. Their vision echoes a new era of entrepreneurship where youth, technology, and courage converge to rewrite what success looks like.

3 November 2025 0 comment

Blog Business Featured

Markets open weak but close strong—Sensex and Nifty regain momentum.

by theparliamentnews.com 17 October 2025

written by theparliamentnews.com

The Indian stock market opened lower on Friday, October 17, 2025, but quickly recovered as optimism returned to the trading floor. After an early dip—when the Sensex fell 261.58 points to 83,206.08 and the Nifty slipped 76.7 points to 25,508.60—both benchmark indices reversed course, turning positive by mid-session.

By late morning, the BSE Sensex was trading 151.89 points higher at 83,625.05, while the NSE Nifty edged 31.60 points up at 25,617.30, signaling a steady recovery and renewed investor confidence.

Sectoral Movers: Paints and Automobiles Lead, IT Faces Pressure

Among the Sensex constituents, several blue-chip firms fueled the rally. Asian Paints, Mahindra & Mahindra, Bharat Electronics, Bharti Airtel, and Titan were the top gainers, lending strength to the market rebound.

However, not all sectors shared the same momentum. Eternal Ltd. slipped over 2% following its quarterly earnings release, while IT majors—HCL Tech, Infosys, Tech Mahindra, and **Power Grid—**faced selling pressure as global tech sentiment remained cautious.

Market Drivers: FII Inflows and Optimism on Rate Cuts

The recovery was supported by renewed Foreign Institutional Investor (FII) activity, with data showing net equity purchases worth ₹997.29 crore on Thursday, October 16, 2025. Meanwhile, Domestic Institutional Investors (DIIs) also contributed strongly, investing ₹4,076.20 crore in equities.

Market experts attribute this positive momentum to multiple global and domestic cues. Prashanth Tapse, Senior Vice President (Research) at Mehta Equities Ltd, noted,

“A turnaround in FII inflows, expectations of Fed rate cuts, the IMF’s upward revision of India’s FY26 GDP growth forecast to 6.6%, and crude prices staying weak near $57.35 a barrel have lifted sentiment.”

The IMF’s revised outlook, coupled with easing oil prices, provided a supportive backdrop for equities, indicating potential for steady growth in the upcoming quarters.

Snapshot of the Global Market

Asian market cues were mixed. South Korea’s Kospi traded in positive territory, reflecting investor resilience in the region, while Japan’s Nikkei 225, Shanghai’s SSE Composite, and Hong Kong’s Hang Seng indices slipped amid cautious global trade sentiment.

In contrast, U.S. markets ended lower on Thursday, influenced by continued concerns over inflation data and policy uncertainty. Meanwhile, Brent crude eased slightly by 0.25% to $60.94 per barrel, offering relief to energy-importing nations like India.

Market Performance Recap

On Thursday, October 16, 2025, Indian markets had closed on a strong note, with the Sensex surging 862.23 points (1.04%) to 83,467.66 and the Nifty rising 261.75 points (1.03%) to 25,585.30. The recovery on Friday builds upon that momentum, showing that investor sentiment continues to be buoyed by improving macroeconomic conditions and optimism surrounding central bank policies.

So

As the week concludes, investors are watching for further clarity from the U.S. Federal Reserve, global inflation trends, and domestic earnings reports. The consistent FII inflows, stable crude prices, and strong economic forecasts suggest that the Indian equity markets could maintain their resilience, though short-term volatility may persist amid global uncertainty.

17 October 2025 0 comment

Blog Business Featured

Crypto Market Faces Another Hit as investors flee to safety after fresh tariff shocks.

by theparliamentnews.com 12 October 2025

written by theparliamentnews.com

The global cryptocurrency market continued its downward slide on October 12, marking the second consecutive day of declines. The sell-off followed U.S. President Donald Trump’s announcement of additional 100% tariffs on China, a move that rattled financial markets and sent investors fleeing to traditional safe haven assets.

As risk appetite faded, Bitcoin and Ethereum, the two largest digital assets by market capitalization, slipped deeper into the red, reflecting broader investor unease.

A Market in Retreat: Numbers Tell the Story

According to data from CoinMarketCap, the total cryptocurrency market capitalization fell to $3.7 trillion, down sharply from last week’s record high of $4 trillion. Trading volumes also took a hit, dropping to $250.02 billion as investors remained cautious.

At 11:11 a.m. (UTC), the major cryptocurrencies stood as follows:

Bitcoin (BTC): $111,660.41
Ethereum (ETH): $3,817.26
Tether (USDT): $1.00
Binance Coin (BNB): $1,140.34
XRP: $2.37

The overall crypto market slipped 0.89% over the past 24 hours, extending a seven-day decline of 11.5%—one of the steepest weekly drops of 2025.

Why the Decline? Tariff Shock and Trade War Fears

Analysts attribute the downturn to a mix of geopolitical and macroeconomic shocks triggered by the new U.S.-China tariff measures. Trump’s announcement of 100% tariffs and additional restrictions on software exports heightened fears of a renewed trade war, prompting a global sell-off across both equity and crypto markets.

The move led to $19 billion worth of crypto liquidations on October 11, marking the largest single-day wipeout since the first quarter of 2025. In parallel, gold and silver prices surged, reflecting investors’ growing preference for stability over speculation.

Traders Turn Defensive: Risk Appetite Shrinks

Open interest in crypto futures contracts reportedly fell 18%, signaling that traders are unwinding leveraged positions amid rising uncertainty. Analysts describe the sell-off as a “combination of macro shockwaves and extreme leverage,” resulting in the sharpest downturn of the year so far.

Market watchers are now focusing on key technical levels — particularly Bitcoin’s $110,000 support zone. A sustained break below this level could trigger deeper corrections unless ETF inflows revive confidence and liquidity in the market.

Bitcoin and Ethereum Price Overview

Bitcoin (BTC) was trading at $111,122.51, down 1% over the past 24 hours and 10.38% over the week. Its market capitalization stood at $2.22 trillion, while trading volume fell 45.84% to $94.71 billion.
Ethereum (ETH) followed a similar trend, trading at $3,798, down 0.39% from the previous day. Its market capitalization dropped to $458.43 billion, with a 50% decline in 24-hour trading volume to $54.44 billion.

These numbers highlight a broader retreat across the crypto ecosystem, as both institutional and retail investors brace for further volatility.

12 October 2025 0 comment

Blog Business Featured India

Stock Markets Extend Gains for Fourth Session as Banks Lead the Rally

by theparliamentnews.com 7 October 2025

written by theparliamentnews.com

Indian stock markets continued their upward march for the fourth consecutive session on Tuesday, October 7, 2025, as investors showed renewed confidence in large-cap banking stocks. The momentum was largely fueled by sustained buying in HDFC Bank and ICICI Bank, supported by strong domestic institutional activity, even as global cues remained mixed.

A Volatile Session Ends on a Positive Note

After a choppy session marked by frequent fluctuations, the 30-share BSE Sensex managed to settle higher by 136.63 points or 0.17% at 81,926.75. Intraday, the index climbed as much as 519.44 points to touch 82,309.56 before witnessing mild profit booking. Similarly, the broader 50-share NSE Nifty edged up by 30.65 points or 0.12% to end at 25,108.30, maintaining its hold above the 25,000 mark.

Banking Stocks Power the Rally

Heavyweight banking counters remained the key drivers of the day’s gains. HDFC Bank and ICICI Bank led the charge, attracting fresh buying interest from both retail and institutional investors. Other major gainers included Bharti Airtel, HCL Tech, UltraTech Cement, Power Grid, Bajaj Finance, and Tata Steel, which provided strong support to the indices.

However, not all sectors shared the optimism. Axis Bank, Tata Motors, Trent, and Infosys registered marginal losses, capping the market’s overall upside.

Institutional Investors Continue to Influence Market Mood

Data from exchanges showed that while Foreign Institutional Investors (FIIs) sold equities worth ₹313.77 crore on Monday, Domestic Institutional Investors (DIIs) emerged as net buyers with purchases totaling ₹5,036.39 crore. This robust domestic participation helped offset the foreign outflows, reflecting growing faith in India’s long-term economic outlook.

Mixed Global Cues Keep Investors Cautious

Asian markets painted a mixed picture. Japan’s Nikkei 225 closed in the green, while Chinese and South Korean markets remained shut for holidays. European equities traded on a mixed note during the session, and Wall Street had ended mostly higher in the previous day’s trade.

Meanwhile, global crude oil prices softened slightly, with Brent crude slipping 0.15% to $65.37 per barrel, offering some relief on the inflation front.

Previous Session Recap

In the previous session on October 6, the Sensex had surged by 582.95 points or 0.72% to close at 81,790.12, while the Nifty climbed 183.40 points or 0.74% to end at 25,077.65, marking a strong start to the week.

Market Outlook: Consolidation Ahead?

Market analysts suggest that while the recent rally has been encouraging, the indices might enter a brief consolidation phase as investors await upcoming quarterly earnings and inflation data. The strong performance of banking and financial sectors could continue to lend support, but global economic signals and oil price movements will likely shape short-term trends.

7 October 2025 0 comment

Blog Business Featured

Bitcoin shatters previous records, soaring past $1,25,000.

by theparliamentnews.com 5 October 2025

written by theparliamentnews.com

Bitcoin has once again rewritten history. On October 5, 2025, the world’s largest cryptocurrency crossed the $1,25,000 mark, setting a new record amid rising investor demand during the ongoing US government shutdown. According to Bloomberg, Bitcoin touched $1,25,689, surpassing its previous peak of $1,24,500 from August 2025.

At 1:10 pm on October 5, data from CoinMarketCap showed Bitcoin trading near $1,24,710, with a market capitalization of $2.48 trillion.

Investors Turn to Bitcoin Amid US Shutdown

The current rally comes as investors seek safe havens amid economic uncertainty in the United States. The government shutdown has prompted a capital shift away from traditional assets and toward cryptocurrencies.

Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, noted that “the shutdown matters,” highlighting that the political and economic instability in Washington has amplified Bitcoin’s role as a hedge asset.

Kendrick also attributed part of the rally to a pro-crypto stance under Donald Trump’s administration, which has fostered growing confidence among digital asset investors.

ETF Inflows and Market Sentiment Fuel Momentum

Beyond macroeconomic factors, institutional participation is playing a major role in Bitcoin’s latest ascent. According to CoinMarketCap, exchange-traded fund (ETF) inflows reached $3.24 billion last week alone, with consistent buying pressure reducing available supply.

This sustained demand from ETFs has strengthened Bitcoin’s position as “digital gold,” with its market cap now rivaling that of silver. Analysts suggest that ETF-driven inflows have created upward momentum that could push prices toward $1,35,000, though some caution that such levels may trigger short-term corrections.

Declining Trade Volumes Indicate Long-Term Holding

Interestingly, despite soaring prices, Bitcoin trade volumes fell nearly 29% from the previous day to $57.94 billion, signaling that most investors are holding rather than selling. This long-term holding behavior supports the narrative that Bitcoin is maturing as a stable asset class rather than a speculative vehicle.

Support from Broader Financial Markets

Stock markets have also shown resilience, indirectly aiding Bitcoin’s upward trajectory. Optimism surrounding potential Federal Reserve rate cuts in October has added to the bullish sentiment. Lower interest rates typically favor high-risk assets like cryptocurrencies, as liquidity increases and borrowing costs decline.

Ethereum, Tether, Binance, and XRP Also Rise

Bitcoin’s rally has lifted the broader crypto market. Key altcoins followed the upward trend:

Ethereum (ETH): Up 0.49% to $4,584.19, market cap $553.9 billion
XRP: Gained 0.61% to $3.05, market cap $182.69 billion
Tether (USDT): Slight rise of 0.01% to $1, market cap $177.0 billion
Binance Coin (BNB): Up 0.43% to $1,175.34, market cap $163.56 billion

The synchronized growth across leading tokens underscores renewed investor enthusiasm for the crypto sector.

5 October 2025 0 comment

Blog Business Featured

Sensex and Nifty Slip for Eighth Session as RBI Decision Looms

by theparliamentnews.com 30 September 2025

written by theparliamentnews.com

Indian equity markets ended lower on Tuesday, September 30, 2025, marking the eighth consecutive day of losses. Persistent foreign fund withdrawals and caution before the Reserve Bank of India’s upcoming interest rate announcement weighed heavily on investor sentiment.

Volatility Dominates the Trading Day

The BSE Sensex gave up early gains and closed 97.32 points, or 0.12%, lower at 80,267.62. During the session, it touched an intraday high of 80,677.82 and a low of 80,201.15. Over the past eight sessions, the benchmark has slipped by 2,746.34 points, translating into a decline of 3.30%. The NSE Nifty also ended in the red, down 23.80 points or 0.10% at 24,611.10.

Sectoral Performance: Metals and Banks Resist Pressure

While realty and consumer durables shares faced notable selling pressure, select metal and banking counters showed resilience. Analysts noted that investors largely stayed on the sidelines, waiting for clarity from the RBI’s Monetary Policy Committee, which began deliberations on Monday.

Top Gainers and Losers

Among the Sensex constituents, ITC, Bharti Airtel, Trent, Bajaj Finserv, Titan, and Reliance Industries were the major drags on the index. On the other hand, UltraTech Cement, Adani Ports, Tata Motors, Bharat Electronics, Bajaj Finance, and Hindustan Unilever managed to end the session with gains, offering some support to the benchmarks.

Global Market Sentiment

Asian markets offered mixed signals. Shanghai’s SSE Composite Index and Hong Kong’s Hang Seng closed higher, while South Korea’s Kospi and Japan’s Nikkei 225 ended in negative territory. European stocks traded on a mixed note in early hours, whereas U.S. markets posted gains in the previous session.

Fund Flow Dynamics

Foreign Institutional Investors (FIIs) continued their selling streak, offloading equities worth ₹2,831.59 crore on Monday. In contrast, Domestic Institutional Investors (DIIs) stepped in with net purchases of ₹3,845.87 crore, preventing deeper losses for the Indian markets.

Oil Prices in Focus

In the commodities market, global oil benchmark Brent crude eased 1% to $67.29 a barrel. Analysts highlighted that softer crude prices may provide relief to India’s import bill and inflation outlook, but investor attention remains firmly on the RBI’s policy stance.

All Eyes on the RBI

The outcome of the RBI’s Monetary Policy Committee meeting, due on Wednesday, will set the near-term direction for the markets. With inflationary pressures still elevated and growth concerns lingering, investors are bracing for either a cautious pause or a calibrated hike.

30 September 2025 0 comment

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