Nykaa is poised for a strong performance in the December quarter. Robust festive demand and sustained momentum in its Beauty and Personal Care segment are expected to drive significant profit growth. Brokerage estimates project a substantial surge in net profit and revenue. The company is set to announce its earnings on Thursday, February 5.
Budget 2026 clarifies that tax-free maturity benefits on Sovereign Gold Bonds will apply only to primary investors who bought directly from the government at issuance. Those purchasing SGBs from the secondary market will now face capital gains tax at redemption, altering post-tax returns and reducing the appeal of near-maturity secondary market bonds.
Gold and silver futures opened higher for a second consecutive session on Wednesday, pushing commodity-based ETFs up by as much as 9% during the period.
Global software and IT stocks suffered a sharp selloff after Anthropic unveiled new AI tools capable of automating legal, sales, marketing and data analysis tasks. Fears that AI may replacerather than supportsoftware firms triggered what analysts call a SaaSpocalypse, wiping out billions in market value across the US, Europe and India.
