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Dalal Street concluded the holiday-shortened week with gains, as the combined market valuation of India's top 10 firms surged by Rs 2.20 lakh crore, led by Reliance Industries. Despite a volatile trading environment and mixed global cues, investor sentiment remained resilient, with the BSE Sensex rising 0.32%.

Indian equity markets experienced a significant downturn, with the top ten most-valued firms losing over Rs 2 lakh crore. Tata Consultancy Services and Reliance Industries bore the brunt of this decline, influenced by geopolitical tensions and weak IT sector commentary. The broader market also saw substantial drops in benchmark indices.

Stock market today: The BSE Sensex, comprising 30 stocks, advanced 355.90 points, or 0.46 per cent, to close at 77,269.40. During the session, it had surged as much as 997.25 points, or 1.29 per cent, reaching an intraday high of 77,910.75.

The Defence Research and Development Organisation (DRDO) of India has just rolled out its latest innovation: Advanced Armoured Platforms, available in both tracked and wheeled configurations. This new generation of vehicles, created in partnership with Tata and Bharat Forge, in race to replace the legacy BMP-2 IFVs.

The Supreme Court has dismissed L&T's special leave petition, ending a long legal battle over a prime Bandra property. The company must now hand over vacant possession of the 'High Trees' bungalow, where its chairman emeritus resides, affirming an eviction decree upheld by the Bombay High Court.

Indian markets concluded the week on a positive note, with the combined market value of the top ten companies surging by over Rs 1.87 lakh crore. Bharti Airtel emerged as the leading gainer, adding Rs 58,831 crore to its valuation. This uptrend was supported by easing geopolitical tensions and a positive risk sentiment.

RBI is not alone in repatriating its gold reserves. Several central banks like France’s Banque de France, Germany’s Deutsche Bundesbank, Serbia’s National Bank have done the same - buy why?

A massive fire at the Pachpadra refinery has temporarily shut down its Crude Distillation Unit (CDU), with repairs expected to take 3-4 months. Investigations by security agencies are underway to determine the cause, with full operational readiness potentially a year away. The incident highlights the need for robust industrial emergency response capabilities.

The Indian stock market saw mixed movements today, with the BSE and NSE experiencing gains and losses across various sectors. Trent and SBI emerged as top gainers on both exchanges, while companies like Titan and Axis Bank faced declines. Technology and banking stocks showed a general downward trend.

The India Meteorological Department has forecast the possibility of El Nino conditions during the South West monsoon season. Economists and experts note that a weak monsoon will add to the woes caused by higher crude oil prices, and fertilizer supply disruptions.