43 C 
Sensex, Nifty trim losses in afternoon trade; metals, realty and auto stocks drag
Broader markets remained under pressure, with small-cap indices continuing to trade nearly 1 per cent lower. Mid-cap indices, however, staged a mild recovery from intraday lows.
Im a biker and have 50 lakh: I asked ChatGPT if I should stop going to office and travel around
After inheriting 50 lakh, the individual seeks financial and lifestyle advice on how to lead a meaningful life without traditional work. ChatGPT looks at the situation from a different lens.
33 of 38 Flexi-cap funds beat the Nifty 500, but most investors still lost money
Only 15 flexi cap funds delivered positive returns over the past year. Those funds account for just 16% of the category's AUM.
Adani Energy hits 52-week high, group stocks flat amid weak market sentiment
The rally came after SBI Mutual Fund acquired a stake in the company through an open market transaction last week.
India's biggest health crisis isn't physicalit's financial What new study reveals
A recent report shows urban Indians score 65/100 on wellbeing, with financial health as the weakest link. Stress affects 82% of respondents, and mental health is gaining importance, particularly among younger populations.
Goldman sees rupee weakness capped after steps to boost inflows
Goldman now sees the dollar/rupee cross at 96 in three months, from 97 previously; it has kept its 6-month forecast unchanged at 96, while seeing the currency at 97 in 12 months, from 96 previously
I asked ChatGPT if I should start a side hustle to earn extra income every month. AI asks me to do a 90-day experiment before making a final decision.
Wipro, TCS drag Nifty IT 2% lower after Nasdaq crash, AI selloff
Domestic IT counters tumble after technology, semiconductor and AI-related stocks come under selling pressure on Wall Street
The RBI maintained its repo rate at 5.25% to await clearer economic signals amid rising inflation risks. Home loan rates remain unchanged, with public banks offering rates from 7.10% to 7.25%. Measures to attract foreign capital were also introduced to support the rupee.
Gold extends losses on US interest rate-hike fears
US gold futures for August delivery were down 0.7% at $4,336.30
On 8 June, gold prices fell by 0.94% to 1,54,290 per 10 grams, influenced by rising Middle East tensions and higher crude oil prices. Silver also declined by 1.6% to 2,45,120 per kg.
I asked ChatGPT to assign every rupee of my salary a job: AI suggests zero-based budgeting
I asked ChatGPT to utilise my monthly income effectively and assign every rupee a job. AI suggests zero-based budgeting to me.
Rupee tumbles 17 paise to 95.35 against US dollar in early trade
Rupee weighed down by dollar strength overseas and continued geopolitical uncertainty
Nasdaq rout, Kospi crash drag Sensex, Nifty over 1% lower amid oil spike, West Asia tensions
Oil prices surge over 3% after Iran-Israel escalation; IT, metal stocks drag amid FII outflows and US rate worries
Domestic markets open lower as oil spike, Asia selloff hurt sentiment
Nifty 50 falls 1.22% to 23,080.70, while the BSE Sensex loses 1.11% to 73,421.61 by 9:15 a.m.
Bitcoin steadied in early Asia trading on Monday after recovering some lost ground since dropping below $60,000 late last week a level not seen since Donald Trump won reelection in 2024.
The Nifty 100 is down 8.7%, how did active large-cap funds perform?
Seventeen of 33 large-cap schemes have fallen more than the benchmark, while several of the category's largest funds are among the laggards.
Nifty may lose 300 points at open amid global headwinds
Korea, Japan markets see bloodbath. Kospi plunges nearly 10%, Gift Nifty signals gap-down as geopolitical tensions and AI trade worries weigh on sentiment
Buzzing stocks: Allied Blenders, RailTel, TVS Motor Co, RInfra, Ixigo, HCC,
Focus will also be on Alembic Pharma, Glenmark, Nibe Defence, Asian Energy, Innovation, HEC Infra projects
8th Pay Commission: Delay may mean arrears worth lakhsHere's the math behind the 14 lakh claim
The 8th Pay Commission has extended the deadline for input submissions to June 15, 2026. Central government employees may receive arrears between 5 lakh and 14 lakh, depending on the fitment factor, which is still under discussion for the upcoming pay structure effective from January 1, 2026.
South Koreas KOSPI plunges nearly 9%, circuit breakers halt trading
The steep losses prompted the activation of market-wide circuit breakers, halting trading for 20 minutes to curb volatility.
Asian stocks sink amid tech sell-off, rising oil prices and rate hike fears
South Koreas KOSPI dropped more than 6.8%, while Japans Nikkei lost 3.4%
8th Pay Commission: Proposed fitment factor 3.833 vs 4 impact on salary hike explained
8th Pay Commission: A major salary boost is expected for central government employees as unions push for a higher fitment factor. The fitment factor comparison between 3.833 and 4 explains the rationale for stronger pay demands, improved pensions and an inflation-linked basic pay revision.
EPFO eases 100% PF withdrawal rules for special cases: Here's what changed
The EPFO has introduced reforms allowing 100% withdrawals for members under special circumstances without needing to provide reasons. This aims to enhance convenience and improve the experience for EPF subscribers, although normal situations still permit only 75% withdrawals.
From the seamless beach vibes of Thailand and Malaysia to the budget-friendly cultural boom in Vietnam, Gemini suggested 7 easy trips for Indian tourists
Leave encashment tax relief: Eligibility and exemption limits explained
Salaried employees can carry forward unused paid leaves and opt for leave encashment instead of taking time off. This encashment is taxable, with treatment varying based on whether it's received during employment or upon retirement.
Emkay Wealth sees more upside in gold and silver How much should you invest?
Emkay Wealth Management remains optimistic about gold and silver, driven by macroeconomic uncertainty and central bank purchases. Details here.
Portfolio getting small- and mid-cap heavy? Here's how you can rebalance
Adding a balanced advantage fund or a dynamic asset allocation fund can play the role of a risk stabilizer without taking you out of growth assets altogether.
Sukanya Samriddhi Yojana: Ignoring this key aspect could reduce the final corpus
Contributing to an SSY account can yield significant benefits, but missing monthly deposit deadlines can result in lost interest and impact long-term compounding. Details here.
Analysts see West Asia tensions, crude prices and FII flows driving markets
Last week, the BSE benchmark Sensex declined 532.4 points, or 0.71 per cent, and the NSE Nifty dipped 181.05 points, or 0.76 per cent.
Mcap of 7 of top-10 most valued firms erode by 1.25 lakh cr; Reliance takes biggest hit
Last week, the BSE benchmark Sensex declined 532.4 points, or 0.71 per cent, and the NSE Nifty dipped 181.05 points, or 0.76 per cent.
A career break for family planning can significantly impact household income. Couples need to prepare financially and emotionally, focusing on budgeting, insurance, and maintaining investments.
Want to trade gold 24x7? Here's how tokenised gold works, associated risks and how to buy it
Tokenised gold is physical gold converted into digital tokens backed by real gold in secure storage. Investors can buy, sell, or hold gold online without owning physical bars. Here's all you need to know about the asset.
Income-tax returns: Mint asked Chartered Accountant (CA) Chandni Anandan, Tax Expert at ClearTax about how taxpayers can correctly offset capital losses while filing their returns. Here's what she said
How to spot personal loan scams and protect your money with these 5 essential safety tips
Dont let fraudsters catch you off guard. Personal loan scams can cause serious losses. Follow these five practical tips to verify lenders, protect information and borrow safely.
The NSE launched Electronic Gold Receipts (EGRs) to enhance gold trading transparency and efficiency. EGRs are digital certificates representing physical gold, securely stored in approved vaults, enabling easier trading on exchanges.
Capital gains taxation of hybrid funds: How different types of hybrid funds are taxed?
Capital gains taxation of mutual funds depends on how much the fund invests in equity and debt. Since hybrid funds have different equity-debt allocations, the tax treatment of their capital gains varies based on their portfolio allocation.
Silver ETFs delivered a 50%+ 3Y CAGR. What does the gold-silver ratio show now?
The gold-silver ratio has fallen from a 52-week high of 94.5 to 60.7. Here's what the move says about silver's valuation and whether investors should still consider the metal after its sharp rally.
The price of 24-karat gold in India stood at 1,55,750 per 10 gram at 8.45 am on Sunday.
Health insurance claim rejected? IRDAI wants insurers to explain why
IRDAI has tightened disclosure requirements around claim decisions, requiring insurers to clearly explain the reasons for rejecting health insurance claims.
ITR filing 2026: How to report capital gains from shares, MFs, property
Reporting capital gains correctly is essential for investors who sold shares, mutual funds or property during FY26. Here's a guide to tax rates, ITR forms and capital gains reporting requirements for AY 2026-27.
Bank Holidays next week: Banks will remain closed on various dates in June, including weekends, regional and religious holidays. Check RBI calendar to know more about bank holidays in the coming week.
Rupee hits 96 against USD: How can falling currency impact your investments and how to protect them?
A falling rupee leads to higher inflation and, in turn, higher interest rates, which adversely impact corporate profitability and share prices. It can lead to higher yields on G-secs, lower bond prices and a fall in bond fund NAVs. However, international mutual funds benefit from INR depreciation.
A strong credit score can unlock better financial opportunities. Discover practical credit health tips for Millennials and Gen Z to build financial resilience and improve borrowing prospects.
Old vs new tax regime: Which saves more tax if you earn 20 lakh, 25 lakh or 30 lakh?
The new tax regime offers lower rates but fewer deductions, leading many salaried taxpayers to reconsider the old regime.
Relief or red flag? What borrowers should know about loan settlements
As loan defaults rise, debt resolution firms are helping borrowers negotiate settlements and escape recovery pressurebut the relief comes with lasting consequences.
EPF e-nomination can be considered invalid if you miss this key step Here's what to do
EPFO mandates e-nomination for EPF members to ensure smooth transfer of benefits to nominees upon a member's death and avoiding legal disputes. Members must complete e-signing via the EPFO portal to validate nominations. Here's how to do it.
PFRDA launches StAR NPS: How the new digital onboarding process works and charges applicable
NPS will be easier to join with the launch of StAR NPS, a digital onboarding platform designed to streamline enrolment and contributions while minimising paperwork. Details here.
Provident Fund guide: What are EPF, VPF and how to check your PF passbook
The Provident Fund (PF) is a crucial long-term savings option for salaried employees. Here's how EPF and VPF work and how you can keep a track of your contributions and account balance via PF passbook.
Sold a residential property? Here's how you can save tax on capital gains
Long-term capital gains from property sales are eligible for tax exemptions if reinvested in another residential property within specified time frames. Here's how to park your capital gains in the meantime and claim exemption.
Facebook users part of the $725 million privacy settlement will receive second payments starting June 9. Check whether you are eligible for the payout and the amount that you may receive.
Why you should file your ITR before by the deadline: Top 3 benefits for taxpayers
The ITR filing season for FY 2025-26 is ongoing, with forms notified. Filing late can cause stress, errors, and penalties. Here's why you must file your ITR within the due date.
The 8th Pay Commission, established in November 2025, is gathering inputs until June 15, 2026. Amid this, some of the proposals put forth to the commission include increase in fitment factor over 3.80 by multiple employee representatives.
Are tokenized funds a threat to mutual funds and ETFs? Explained
Tokenisation of funds is the process of representing shares in a traditional investment vehiclesuch as a mutual fund, ETF, or private equity fundas digital tokens on a blockchain.
Dearness Allowance: Assam, Arunachal Pradesh, Bihar, Odisha, Tamil Nadu and Uttar Pradesh have announced DA hikes in 2026 so far. Here's a look at how much increase each state has rolled out for employees
Capital has no nationality, FII are selling India despite the growth story 5 key factors to look at
FIIs withdrew roughly 1.98 lakh crore in the first four months of 2026 alone, vastly exceeding the 1.66 lakh crore withdrawn in all of 2025.
SpaceX IPO draws strong European retail demand but experts warn of high risks
However, experts warn that the companys high valuation, limited float and lack of voting rights could expose retail investors to significant risk.
Why SpaceX faces a longer wait to join S&P 500
SpaceXs planned blockbuster IPO may reshape tech markets, but its path to the S&P 500 will not be immediate, as the index maintains strict eligibility rules on profitability, free float and trading history. The decision pushes inclusion to at least 2027, delaying potential passive fund inflows worth billions
A data analyst has sought advice on Reddit after he received a job offer for 36 lakh pa salary in Mumbai, which gives him less in-hand pay compared to his current 25 lpa job in Gurugram. Here's how netizens reacted
The favourite hill stations of Himachal Pradesh and UttarakhandShimla, Manali, Mussoorie, Nainital, and Kulluare often packed with tourists during the summer months.
Many retail investors think that spotting a potential multibagger stock is all about predicting which right pick. Here's how Shankar Sharma navigates the market opportunities.
Indias changing relationship with gold: From ownership to financial utility
No longer is the discussion about whether Indians will continue owning gold; rather, how well they can leverage that gold in Indias journey towards economic success
Gold Rate Today: Here are gold rates in key Indian cities on Saturday, 6 June 2026. Check the price of 18K, 22K and 24K gold in Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, and Mumbai today.
Gold falls most in two months as jobs fuel Fed rate-hike bets
Bullion declines as much as 3.4% as bond yields and dollar climb
AI chip stocks lose $1.3 trillion in value as semiconductor selloff deepens
Major AI and chip companies were hit hard, with NVIDIA shedding more than $300 billion in market value, while Micron Technology, Advanced Micro Devices and Marvell Technology posted steep losses.
Facebook privacy settlement cheques: Meta is issuing additional settlement payments to class members with approved claims who successfully cashed their initial payment. Here's all you need to know about the process
Nasdaq suffers biggest drop since April 2025 as chip stocks lead selloff
The tech-heavy Nasdaq Composite fell 4.18 per cent, marking its steepest one-day decline since April 2025, while the S&P 500 dropped 2.64 per cent and the Dow Jones Industrial Average lost 1.35 per cent.
8th Pay Commission: Central govt employees want old pension back but can India afford it?
Demanding for OPS, All India NPS Employees Federation (AINPSEF) said in its memorandum, it provides social security and financial stability after retirement.
Crude oil prices above $100 a barrel: How can it impact your monthly budget?
Higher crude oil prices can impact the monthly budget directly with higher daily commuting costs, costlier vacation flight tickets, higher bills for grocery purchases, and expensive dining out. The indirect impact can come from higher prices of finished goods made using crude oil derivatives.
I asked ChatGPT if a lavish destination wedding makes sense at 50 LPA: AI breaks down actual costs
I asked ChatGPT if I should go for a lavish destination wedding at Umaid Bhawan Palace. AI broke down the actual costs of the event.
Bitcoin has lost more than half its value since reaching a peak above $126,000 in October last year and is now worth less than it was when crypto-friendly Trump retook the White House.
SBI MF buys stakes in two Adani Group firms for 5,747 crore; GQG Partners exits holdings
The transaction follows SBI Mutual Funds recent purchase of a stake in Adani Enterprises, signalling continued institutional interest in Adani Group companies.
Bank holiday today, June 6: Are SBI, HDFC Bank, and other banks closed on Saturday?
The Reserve Bank of India (RBI) has listed a total of eleven holidays this month due to national, regional, and religious holidays.
Contra funds explained: How they work, key risks, benefits and top 3 options for investors
A contra fund is a type of equity mutual fund that follows a contrarian investment strategy and is required to invest at least 65% of its assets in stocks. Let's explore in detail what contra funds are, their benefits and risks, the key factors to consider, and the top 3 contra funds.
Home loans: Types, eligibility, tax benefits and application process explained
Before applying for a home loan, borrowers should understand the various loan options available, eligibility requirements, interest rates, tax benefits and the documentation required.
Despite earning 2.2 lakh monthly, Mumbai couple struggles to save. Reddit explains why
A Mumbai-based man has sparked a lively debate online after revealing that he and his partner, who collectively earn 2.2 lakh a month, are struggling to save money.
ITR filing 2026: Received dividend income or bonus shares? Heres how they are taxed and reported
Investors receiving dividend income or bonus shares must consider tax implications while filing ITR. Dividends are now taxable in the hands of investors, subject to slab rates and TDS if over 10,000. Bonus shares are tax-free upon receipt but result in taxable capital gains upon sale. Details here.
Why SpaceX, OpenAI, Anthropic IPOs are a pipe dream for Indian investors
Retail investors rarely get IPO allocations, as US companies allot shares largely to institutions. The chance of Indians getting allotment is almost nil
RBI holds rates, rupee surges as markets close flat to negative
The BSE Sensex closed at 74,243.34, down 116.67 points, while the Nifty 50 ended at 23,366.70, down 49.85 points
Government exempts FIIs from taxes on interest income and capital gains from Indian government securities, aiming to attract global investors and stabilize the rupee. All you need to know.
A Bengaluru-based couple has gone viral after sharing a detailed breakdown of their family's monthly expenses, revealing they spent 1.66 lakh in May.
Indian families often include a spouse's name in property titles for strategic and practical reasons. Opting for shared ownership can safeguard a partner's financial future, streamline estate planning, and significantly reduce the likelihood of bitter inheritance conflicts down the line.
How mAadhaar users can switch to the new Aadhaar app: Step-by-step guide
The existing mAadhaar app is set to be retired soon and replaced with a redesigned Aadhaar application. Here's how to switch to the new Aadhaar app on both iOS and Android devices.
CMR Green Technologies IPO subscribed 123 times so far on final day
The IPO, priced in the range of 182-192 per share, is entirely an offer-for-sale of up to 3.28 crore equity shares by promoters and an investor-selling shareholder
ATMs are running out of cash. Should you be worried? Explained
ATMs could run short of cash as operators face challenges in replenishing machines, despite India having a record 42.54 lakh crore in currency circulation.
Rupee rises 81 paise to close at 94.93 against US dollar post RBI policy decision
MUMBAI, June 5: The rupee appreciated 81 paise to close at 94.93 (provisional) against the US dollar on Friday after the Reserve Bank announced measures to support foreign capital inflows and strengthen forex liquidity. Forex traders said the announcements in the RBI policy boosted investor sentiments after the apex bank asserted that the countrys forex reserves provide a sufficient buffer against external shocks. The Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row [] The post Rupee rises 81 paise to close at 94.93 against US dollar post RBI policy decision appeared first on Daily Excelsior .
Repo rate unchanged: The next move for FD investors and home loan borrowers
RBI governor announced the unchanged repo rate of 5.25% with a 'neutral' policy stance, citing inflation risks from geopolitical tensions. Here's what it means for fixed deposit investors and home loan borrowers.
Income-tax returns: NRIs are subject to income-tax in India depending on their residential status. Here's a look at the applicable tax slabs, surcharge rate, rebate, and marginal relief that they can claim while filing ITR.
