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Digilogic Systems Ltd IPO to open on Jan 20 with price band at 98 - 104
The price band for the issue has been fixed at 98 - 104 per share, and the lot size will be 1,200 equity shares
SIP stocks! HDFC Securities names 10 companies to accumulate in 2026. Check details
Indian markets enter 2026 balancing growth optimism with risks from a massive IPO pipeline and weak FII flows. HDFC Securities sees policy support, domestic liquidity, easing global risks and valuation corrections driving a potential Goldilocks recovery, with 16% earnings growth.
FIIs dump Rs 22,530 crore worth of domestic shares in first fortnight of January
Foreign institutional investors sold Rs 22,530 crore of Indian equities in early January, accelerating outflows despite selective Q3 earnings optimism. Analysts cite tariff uncertainties, geopolitical risks, high valuations and AI-led global shifts, urging cautious positioning and focus on quality large-cap and select midcap stocks.
Nifty consolidates below 25,900 as markets await decisive trigger
Indian markets consolidated in a narrow range during the truncated week, with Nifty ending marginally positive. The index remains below its recent high, awaiting a decisive catalyst. Traders are advised to be cautious and focus on stock-specific opportunities with risk management.
FPIs pull out 14,266 crore from Indian equities this week
In dollar terms, the weekly outflow stood at $1,182.70 million, with Friday alone accounting for $389.72 million
Value seen in banks, IT and FMCG, be wary on defence: Rajat Sharma
Rajat Sharma of Sana Securities favors value investing. He sees buying chances in HDFC Bank and ICICI Bank. Long-term prospects are strong for IT stocks like Infosys and Birlasoft. Defence stocks are viewed with caution due to high valuations. FMCG sector may see earnings-led upside. Sharma's strategy focuses on fundamentals for long-term gains.
IDBI Bank Q3 results: PAT rises 1.4% YoY to Rs 1,935 crore, NII down 24%
IDBI Bank reported a marginal 1.4% rise in Q3 net profit to Rs 1,935 crore year-on-year, but profit fell sharply quarter-on-quarter. Interest income and NII declined, while deposits, advances and total business recorded steady annual growth during the December quarter.
Gold-to-silver ratio fell to 50, lowest since 2012, as silver surged 170% since 2025, far outperforming golds 76% rise. Silver hit record MCX highs, narrowing valuation gaps and reshaping precious metal investment signals amid global uncertainty for investors worldwide today.
ICICI Bank Q3 Results: PAT falls 4% YoY to Rs 11,318 crore, below estimates
ICICI Bank Q3 Results: India's second largest private lender ICICI Bank on Saturday reported a 4% fall in its December quarter standalone net profit at Rs 11,318 crore compared to Rs 11,792 crore reported in the year ago period. The profit after tax (PAT) was below ET Now estimates of Rs 12,346 crore.
HDFC Bank Q3 Results: PAT jumps 11% YoY to Rs 18,654 crore, beats estimates; NII up 6.4%
HDFC Bank Q3 Results: India's largest private lender HDFC Bank on Saturday reported an 11% jump in its December quarter standalone net profit at Rs 18,654 crore compared to Rs 16,735 crore reported in the year ago period. It was above Street's estimates of Rs 18,473 crore.
RBL Bank Q3 Results: Net profit rockets 555% to Rs 214 crore, interest income up 5% YoY
RBL Bank reported a 555% jump in Q3 net profit to Rs 214 crore, driven by advances growth, strong retail and wholesale lending, better asset quality, and higher deposits despite a slight dip in net interest margin.
Dolly Khanna adds smallcap stock that has delivered 105% return in last 6 months! Do you own?
Dolly Khanna acquired a 1.13% stake in IFB Agro Industries following strong Q2 results and a 105% stock rally. She trimmed holdings in GHCL, Emkay, Prakash Industries, Som Distilleries, and Coffee Day Enterprises.
Vijay Kedia adds smallcap power stock to portfolio in December quarter. Check details
Vijay Kedia acquired a 1.14% stake in Advait Energy Transitions, a renewable-focused Ahmedabad firm, diversifying his smallcap portfolio. Shares have fallen sharply, but Kedia also invested in Patel Engineering and increased Om Infra holdings.
Despite declining retail participation in 68 small-cap stocks over three quarters, many delivered strong gains, with 12 surging 40130%. This highlights a disconnect between ownership trends and market performance.
Concurrent Losers: 10 stocks decline for 5 consecutive sessions
Over five sessions ending January 16, Sensex slipped 0.73%, with 47 BSE 500 stocks losing value consecutively. Ten stocks fell sharply, posting cumulative declines of 10%22%, highlighting persistent short-term weakness.
Indian markets rebounded modestly as IT and banking gains offset global risks. Nifty consolidates near key averages awaiting heavyweight earnings, while Bank Nifty outperforms. Analysts see range-bound action turning directional post-results, with IT, metals and banks favored in coming sessions.
Crypto market expects regulatory clarity and tax rationalisation from Budget 2026
Ahead of Budget 2026, Indias crypto industry is seeking regulatory clarity and tax rationalisation, especially relief from the 1% TDS and 30% flat tax, to boost liquidity, compliance, investor confidence and growth of the domestic Web3 ecosystem.
Smallcap stocks jump up to 62% this week! How many do you own?
The Labour Ministry is reportedly developing a system allowing eight crore EPFO members to directly withdraw their money using UPI. It aims to facilitate quick access, streamline withdrawal and enhance services.
Indias primary market gears up for a busy week as four IPOs seek 2,066 crore, led by Shadowfax Technologies. Strong subscription buzz around Bharat Coking Coal and multiple listings underscore firm investor appetite entering 2026.
Auto upcycle gains depth; M&M and TVS Motors stand out, Siddhartha Khemka explains
Indias auto sector shows sustained post-festive momentum, with Q3 volumes up 17% year-on-year across segments. Strong demand, lean inventories and easing discounts are lifting revenues, profits and margins, supporting a positive medium-term outlook for automakers and ancillaries.
Oil prices settle up as US begins holiday weekend
Oil prices increased on Friday as traders rushed to close short positions ahead of the extended weekend. Heightened fears about a possible US operation against Iran contributed to the fluctuating prices, pushing both Brent crude and US West Texas Intermediate to gain ground. The recent deployment of a US Navy carrier group to the Persian Gulf couldn't be ignored either.
Gold falls over 1% as profittaking, easing geopolitical risks weigh
Gold prices dropped on Friday after reaching record highs. Investors took profits as geopolitical tensions eased, reducing gold's safe-haven appeal. Despite the dip, gold is set for its second consecutive weekly gain. Silver also saw a decline after hitting an all-time high. Analysts suggest gold could still reach $5,000 this year, with corrections expected.
US dollar gains as odds drop on Hassett being made Fed chair
The dollar strengthened Friday as President Trump's comments suggested economic adviser Kevin Hassett is unlikely to chair the Federal Reserve, boosting political credibility. Meanwhile, Japan warned of currency intervention as the yen weakened significantly against the dollar, with some Bank of Japan policymakers considering earlier rate hikes to combat inflation.
European shares subdued as luxury stocks, miners weigh
European stock markets ended the week flat. Luxury and mining stocks saw declines. Geopolitical tensions eased, impacting commodity-linked shares. Defence stocks provided some support. Novo Nordisk shares surged on positive news about its weight-loss pill. Investors are navigating a busy earnings season amidst global uncertainties.
Stocks notch weekly losses, dollar up on uncertainty about Hassett's move to Fed
Indian markets saw modest weekly losses despite strong tech and banking earnings. The US dollar held firm near a six-week high. President Trump hinted at not appointing a rate-cutting advocate as Federal Reserve chair. Gold prices slowed after a surge in safe haven demand.
Budget 2026: Bond market vs equity market expectations
Investors await Union Budget 2026-27 amid global and domestic headwinds, assessing whether fiscal prudence, tax relief and growth measures can align bond and equity interests, revive FPI inflows, support earnings, and sustain Indias macro stability through disciplined deficits and reforms.
Aluminiums spectacular rally in India: Whats driving the rally above 320/kg and what lies ahead
Indias aluminium prices hit record highs in early 2026, tracking LMEs surge above $3,000/ton, driven by tight global supply, Chinas capacity limits, high energy costs, tariffs, and strong Indian demand, keeping domestic premiums elevated and outlook volatile through the year.
Torrent Pharma Raises 12,500 cr via Bonds for Buyout of JB Chemicals
Torrent Pharmaceuticals has successfully raised 12,500 crore via debentures, a strategic move to finance its takeover of JB Chemicals & Pharmaceuticals. By issuing commercial papers and non-convertible debentures with varying maturities, Torrent attracted investments from mutual funds, insurance firms, and pension funds. This financing decision underscores Torrent's ambition to enhance its market presence and broaden its therapeutic offerings.
Rupee posts worst fall in 2 month on US dollar demand
In a dramatic turn, the Indian rupee plunged significantly, marking its steepest decline in over two months. This downturn was fueled by heightened dollar demand tied to off-market trades nearing maturity. The Reserve Bank of India stepped in but chose not to thwart the rupee's descent. Meanwhile, bond yields surged, reaching heights not seen in the last ten months.
Bitcoin is a safe asset only until decrypted: Chris Wood
Chris Wood, the equity strategist from Jefferies, has voiced significant concerns regarding Bitcoin's security in the face of advancing quantum technology. Following this revelation, he has decided to exclude Bitcoin from his investment strategy, shifting his focus to gold and shares in gold mining companies.
SAT overturns ban on Nusli Wadia, sons, others
In a surprising turn of events, the Securities Appellate Tribunal has lifted the ban imposed on Bombay Dyeing and its executives, alongside nullifying the associated penalties and restrictions on their directorship roles. This decision comes after Sebi's extended delay of nearly nine years in addressing allegations related to fraudulent activities tied to manipulated financial statements.
IT resilience gives D-St a silver lining amid geopolitical clouds
In a vibrant trading session on Friday, Indian stock markets rallied, with Nifty and Sensex recording notable gains. The upbeat revenue outlook from tech giant Infosys provided a much-needed boost to IT stocks, igniting early optimism in the market. However, nervousness regarding geopolitical issues led some investors to cash in on profits, resulting in a moderation of the earlier gains.
These efforts are strengthening confidence and shaping how Indian jewellers approach responsibly across the diamond supply chain
Q3 Results Today Highlights: Several companies, including HDFC Bank, ICICI Bank, IDBI Bank, Yes Bank, UCO bank, Punjab & Sind Bank, RBL Bank, JK Cement, are set to announce their FY26 Q3 earnings on January 17, 2026.
Q3 Results Today Live Updates: Several companies, including HDFC Bank, ICICI Bank, IDBI Bank, Yes Bank, UCO bank, Punjab & Sind Bank, RBL Bank, JK Cement, are set to announce their FY26 Q3 earnings on January 17, 2026.
Reliance Industries profit flattens in Q3 on gas output, retail pressures
In the latest quarter, Reliance Industries reported a notable increase in profits, driven primarily by robust performances in their telecom and refining sectors. However, challenges in retail and upstream oil and gas segments put pressure on margins. On a positive note, Jio experienced remarkable growth in its digital services and home broadband offerings.
Wall Street Week Ahead: Investors bank on US earnings strength as policy noise grows louder
Investors anticipate a strong corporate earnings season to sustain the U.S. stock market rally amidst policy proposals and geopolitical tensions. Key companies like Netflix, J&J, and Intel are set to release Q4 results, with expectations high for earnings growth in 2026. The market is also watching for Supreme Court rulings on tariffs and Fed independence.
SEBI to introduce new closing auction framework for equity cash market stocks
The new mechanism will replace the existing VWAP-based method for select stocks and align Indian markets with global practices.
Bank holiday today, 17 January: Banks in some states across India will be closed on Saturday, 17 January. Bank holidays are decided by the Reserve Bank of India.
Jio net profit zooms as 5G, broadband link well
Jio Platforms has experienced a remarkable 11.2% surge in profits year-over-year, now totaling 7,629 crore. This impressive growth stems from their relentless expansion in 5G services and home broadband solutions. Notably, JioAirFiber has made headlines as the fastest broadband service globally to hit the milestone of 10 million subscribers.
Algorithmic trading market to reach $1.55 billion by 2033
Algo trades already dominate exchanges, accounting for over half of cash market activity and nearly two-thirds of derivatives trading, according to NSE data
Vijay Kedia buys stake in smallcap SPML Infra via bulk deal
Ace investor Vijay Kedia has acquired a stake in SPML Infra. Kedia Securities bought over 14 lakh shares for approximately Rs 25 crore. SPML Infra is a smallcap infrastructure firm with expertise in power, water, and environment sectors. The company has a strong track record of executing projects across India.
Wipro, Tech Mahindra outshine TCS, Infosys in weak Q3 for IT
Wipro ended the October-December 2025 period with $2.64 billion in revenue, up 1.19% sequentially and 0.23% from a year ago. Tech Mahindra reported a third-quarter revenue of $1.61 billion, up 1.5% sequentially, and 2.74% on a yearly basis.
Sebi approves separate auction session to determine closing stock prices
Sebi is revamping how stock closing prices are determined in India's equity cash market, moving from a 30-minute average to a new 20-minute Closing Auction Session (CAS). This move aims to enhance price discovery and transparency, aligning with global practices. Initially, CAS will apply to derivative-linked stocks, with a phased rollout starting August 3, 2026.
Only natural diamond can be called diamond, says Indian regulator BIS
The bureau adopts IS 19469:2025, which says the word applies exclusively to natural diamonds only
SEBI to sharpen focus on capital formation, market depth: Tuhin Kanta Pandey
Regulator to ease fund-raising, deepen debt markets and push paperless access for global investors
Wipro ADRs fall 6% as Q3 profit declines, deal activity goes down
Wipro's US-listed ADRs dropped nearly 6% following its December-quarter results, as investors reacted to a 7% year-on-year decline in net profit. Despite improving margins and strong cash generation, subdued deal momentum and cautious client spending in developed markets impacted the IT services firm's performance.
US stocks rise higher as chipmakers jump at end of choppy week
Indian markets saw a positive start to the trading week. Chipmakers are driving gains, boosting investor confidence in AI-driven demand. Financials faced pressure due to interest rate concerns. Defensive sectors like consumer staples and utilities are also performing well. Investors are closely watching upcoming earnings reports from major companies.
Reliance Retail Q3 Results: Profit rises 3% YoY to Rs 3,551 crore; revenue up 9%
Reliance Retail Q3 Results: Reliance Retail reported a 2.7% YoY rise in Q3 profit to Rs 3,551 crore and 9.2% revenue growth. EBITDA increased 1.3% to Rs 6,915 crore, though margins softened. Store additions, strong festive demand across categories, rapid JioMart growth and steady fashion, lifestyle and electronics performance drove the quarter.
SEBI proposes fund netting for FPIs to cut funding costs
Non-outright trades to continue on gross basis; securities settlement unchanged
Reliance Jio Q3 Results FY26: Profit jumps 11% YoY to Rs 7,629 crore; ARPU rises to Rs 213.7
Jio Q3 Results 2026: Jio's average revenue per user (ARPU) increased to Rs 213.7 from Rs 211.4 sequentially. The ARPU increase was driven by stronger customer engagement, though partly tempered by promotional offers on unlimited 5G and Fixed Broadband plans, the company said in a regulatory filing. On a yearly basis, ARPU growth came in at 5.1%.
Reliance Industries Q3 Results: Profit rises marginally to Rs 18,645 crore; revenue up 11%
Reliance Industries Q3 Results: Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday posted a marginal 0.56% year-on-year (YoY) growth in its consolidated net profit at Rs 18,645 crore in the third quarter. Revenue from operations in the same period rose 11% YoY to Rs 2.69 lakh crore.
Madhu Kela picks up stake in this stock market proxy player in Q3
Veteran investor Madhu Kela has bought a stake in Emkay Global. This signals new interest in the financial services firm. Ace investor Dolly Khanna has trimmed her holding. Emkay Global is a diversified financial services company. Kela's entry is watched closely. Khanna's move seems like portfolio rebalancing. The company's shares rose on the news.
IT stocks power indices higher as Infosys upgrades revenue outlook
The BSE Sensex rose 187.64 points or 0.23% to close at 83,570.35, while the Nifty gained 28.75 points or 0.11% to settle at 25,694.35
Federal Bank reports 9% rise in Q3 profit to Rs 1,041 crore on rising business income
Federal Bank announced a strong third quarter with net profit climbing 9% to Rs 1041 crore. This growth was driven by increased business and core income. Net interest income and operating profit reached record highs. The bank saw a reduction in bad loans. Advances grew 11% year-on-year. Deposits also increased by 12%.
Meesho shares drop 1.2% as analysts flag valuation concerns despite strong growth potential
The stock has declined nearly 11% year-to-date and approximately 36% from its 52-week high of 254.40 reached on December 18, 2025
Vedanta among 8 stocks that hit 52-week high; rally up to 20% in a month
Eight stocks from the BSE 100 index surged to their 52-week highs, marking their strongest levels in the past year. These breakouts are widely viewed by traders and investors as bullish signals.
Stock Exchanges to open on Sunday for Union Budget 2026 presentation
Both exchanges will operate normal trading hours, with pre-open sessions starting at 9.00 am and regular market trading from 9.15 am to 3.30 pm
Binance lists 12 themes that will shape crypto market in 2026. Check details
Crypto crossed major milestones in 2025 amid volatility, with market cap topping $4 trillion and Bitcoin hitting record highs. As 2026 begins, Binance highlights key themes shaping crypto, spanning macro policy, regulation, institutional adoption, energy dynamics, and on-chain innovation.
February 1 Budget to make it a working Sunday for stock market traders. BSE, NSE announce schedule
Unioun Budget 2026: In a rare instance, stock exchanges BSE and NSE have decided to keep the equity market open for trading on February 1 despite being a Sunday as Finance Minister Nirmala Sitharaman would present the Union Budget on that day.
Sebi proposes easing cash settlement norms for foreign investors to cut funding costs
Sebi has proposed allowing FPIs to net cash obligations for same-day buy and sell trades. The move aims to lower funding costs, improve efficiency during high-volume days, and ease liquidity stress without raising systemic risk.
Rich Dad Poor Dad author Robert Kiyosaki predicts silver likely to hit $107 on Jan 19
Kiyosaki has long championed silver, viewing it not only as an industrial commodity but also as a safeguard against inflation and the weakening of fiat currencies.
Rupee slumps the most in nearly two months, state-run banks cap losses
The rupee closed at 90.8650 per dollar, down 0.6% on the day to log its worst drop since mid-November last year and inching closer to its all-time low of 91.0750 hit in December. The currency was down about 0.7% week-on-week.
Rupee crashes 50 paise to settle near all-time low at 90.84 against US dollar
Traders noted that the rupee weakened as Indias trade deficit widened to $25.04 billion in December 2025, up from $24.53 billion in November and $22 billion in December 2024
Tata Technologies Q3 Results: Profit slumps 96% YoY to Rs 7 crore
Tata Technologies Q3 Results: The company, which counts Jaguar Land Rover and Tata Motors among its largest clients, reported a 4% rise in revenue to Rs 1,366 crore during the quarter.
Wipro declares interim dividend of Rs 6 per share; payout by Feb 14
In the last 12 months, the company has declared an equity dividend amounting to Rs 11 per share and at a share price of Rs 267.60, Wipro's dividend yield stands at 4.11%, according to Trendlyne data.
Tech Mahindra Q3 Results: Profit rises 14% YoY to Rs 1,122 crore, revenue up 8%
Tech Mahindra Q3 Results: Tech Mahindra reported a 14.1% year-on-year rise in December quarter consolidated profit to Rs 1,122 crore, with revenue climbing 8.3% to Rs 14,393 crore. The company saw a significant 47% year-on-year increase in new deal wins, reaching $1,096 million, highlighting strong momentum and sustained investments in AI-led offerings.
Wipro Q3 Results: Profit falls 7% YoY to Rs 3,119 crore; co declares dividend of Rs 6 per share
Wipros Q3 results showed mixed performance, with net profit down 7% YoY to Rs 3,119 crore even as revenue rose 6%. Margins improved to 17.6%, cash flows strengthened, and attrition fell, but deal bookings remained weak. The company guided for flat to 2% sequential IT services growth.
Multibagger small-cap stock Silver Touch Technologies declares 1:5 stock split, 1:1 bonus issue
Silver Touch Technologies has announced a 1:5 stock split and a 1:1 bonus issue, subject to shareholder approval. The move follows a strong rally, aiming to improve liquidity and affordability without altering shareholder value.
Average US long-term mortgage rate hits the lowest point in more than 3 years
The Fed doesn't set mortgage rates, but when it cuts its short-term rate that can signal lower inflation or slower economic growth ahead, which can drive investors to buy U.S. government bonds
Global bond index snub raises odds of RBI adding to record India debt buying, investors say
The unexpected deferral raises the probability of one more round of liquidity injection by the Reserve Bank of India in the current quarter, said Abhishek Upadhyay, senior economist at ICICI Securities Primary Dealership.
Federal Bank Q3 Results: Profit rises 9% YoY to Rs 1,041 crore
Federal Bank announced a significant rise in its third-quarter net profit, reaching Rs 1,041 crore. This marks an improvement from the previous year's earnings. The bank's total income also saw an increase. Asset quality metrics showed positive movement with a reduction in gross and net non-performing assets.
Sebi proposes introducing trade netting for large foreign investors
The Securities and Exchange Board of India has sought the changes in order to enhance operational efficiency and reduce cost of funding for foreign portfolio investors, it said in a consultation paper.
Central Bank of India Q3 Results: Profit jumps 32% YoY to Rs 1,263 crore as bad loans dip
Total income increased to Rs 10,969 crore during the quarter under review against Rs 9,739 crore in the same period of last year, Central Bank of India said in a regulatory filing.
Telanganas 3,900 crore of unpaid dues threaten investments, alcohol companies say
The state governments long-pending dues threaten to deter capital inflows and dent investor confidence, industry bodies representing makers of alcoholic drinks said in a joint statement ahead of the World Economic Forum.
Budget Expectations: With the Union Budget 2026 set to be presented by FM Nirmala Sitharaman within a few days, the real estate sector is hoping for tax incentives to accelerate homebuying and affordable housing. Here's what industry leaders are saying.
SEBI proposes netting of funds for FPI transactions in cash markets
Regulator floats discussion paper, seeks comments by February 6
Oil at $50 or another spike ahead? Iran, OPEC+ and Venezuela hold the key: Peter McGuire
Oil prices have cooled after easing Iran war fears, but experts warn risks remain. From the Strait of Hormuz to OPEC+ supply signals and Venezuelas output potential, geopolitics will continue to drive crude markets. Heres what it means for oil prices, consumers and global energy markets in 2026, explains warns Peter McGuire, CEO of Australia-Trading.com
Smartworks reports record Q3 earnings, operating cash flow exceeds EBITDA
Revenue for the quarter stood at 472 crore, up 34% year-on-year and 11% sequentially
Buy gold, sell Bitcoin: Jefferies' Chris Wood explains his big bet of 2026
Jefferies strategist Christopher Wood is selling Bitcoin and shifting to physical gold, citing quantum computing risks to Bitcoins cryptography. Accelerating quantum timelines undermine digital assets long-term store-of-value case, prompting portfolio reallocation toward gold and mining stocks for resilience globally today.
Marking National Startup Day as a moment for introspection, Kamath said that despite near-term uncertainties, the broader environment remains favourable for entrepreneurs. I can't think of a better time to build something in India, and for the world, despite all the challenges, he added.
Federal Bank shares zoom 11% to fresh 52-week high after strong Q3 results
Federal Bank delivered a robust Q3FY26 performance, with net profit rising 9% YoY to Rs 1,041 crore, driven by record NII, stronger margins, and healthier asset quality. Post earnings, shares surged over 11% as improved CASA, lower NPAs, and steady business growth reinforced investor confidence and strengthened the banks financial outlook.
Loan rejected or high interest rate? Your data might be the real reason
Credit reports are crucial for borrowing and reflect your financial history. Accuracy in credit information, including optional details, is vital for lenders to assess profiles and make informed decisions, especially for first-time borrowers.
Metals, PSU banks and select capital plays shine amid range-bound market: CA Rudramurthy BV
Indian markets showed optimism on Friday, with analysts advising caution and capital protection in the current range-bound environment for Nifty and Bank Nifty. Key sectors like metals, PSU banks, and select capital market stocks are identified as potential opportunities for disciplined traders.
Budget 2026: The arithmetic that will decide Indias bond market
As Budget 2026 approaches, bond markets seek reassurance, not surprises. Investors want steady fiscal consolidation, credible deficit targets and a predictable borrowing plan. With global index inclusion delayed, disciplined policy, transparent accounting and well-managed supply will be crucial in sustaining confidence, stabilising yields and preserving fixed-income market trust.
Tea prices surge at Kochi auctions on strong demand, tight supply
Production shortfall, including in Kenya, are driving prices higher
