Hindustan Copper shares tank for second day in a row, lose ₹18,000 crore in value

Shares of Hindustan Copper slid 18% during the session, wiping out nearly ₹18,000 crore in market capitalisation over the past two trading days.

Shares of Hindustan Copper slid 18% during the session, wiping out nearly ₹18,000 crore in market capitalisation over the past two trading days.

Gold and silver plunged after record highs, driven by a strong US dollar and profit-booking. Analysts urge caution on silver, favor staggered buying, and highlight equities as safer alternatives.

Bharat Dynamics reported a weak quarter, while Zen Tech reported a mixed quarter in the October to December 2025 period.

Goldman Sachs said it believes Solar Industries, Bharat Electronics and Bharat Dynamics are well-placed to benefit from the spending focus on ‘other equipment’. It also see a potential trickle down benefit for Astra Microwave Products and Data Patterns.

Gold fell 1.5% to $4793.97 as the US dollar strengthened, while silver rebounded 1.6%. Markets eye Kevin Warsh’s Fed nomination and global PMI data for direction.

The jitters saw MSCI’s broadest index of Asia-Pacific shares outside Japan, opens new tab ease 0.7%, with South Korea (.KS11), opens new tab down 1.0%.

Brent crude futures were down $2, or 2.9%, to $67.28 per barrel at 0100 GMT. US West Texas Intermediate crude also fell $2, or 3.1%, to $63.17 per barrel.

Views on fiscal consolidation suggest continuity, but at a slower pace. Morgan Stanley sees consolidation continuing, though more gradually.

Sensex Today | Stock Market LIVE Updates: FIIs will return to the market after being on Sunday’s holiday and experts have warned that they may not take the STT hike well, having already been net sellers in the Indian equities.…

Shares of BSE, Groww and Angel One fell up to 15% in intraday trading after the STT hike announcement. The stocks saw a minor recovery but still ended with losses of up to 9% on Sunday.