From vaults to verdicts: Central banks say it's still gold's time to shine
For years, the so-called financial wizards laughed at the Indian housewife's fetish for gold. Economist John Maynard Keynes was no exception calling the yellow metal a 'barbaric relic'. But the prudent Indian housewife showed the mirror to the financial veterans. Not only did the institutional investors have a new-found love for gold in recent years, the lords of the financial systems, those who print currencies that fill every wallet – the
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Mint
14 minutes ago
- Mint
Closing Bell!Nagaraj Shetti suggests Asahi India Glass, Swiggy shares to buy in the short term; do you own?
Stock market today: Indian stock markets were showing signs of weakness on Thursday, as investors remained wary of the potential for a US military strike and the unclear nature of Iran's reaction. However, in the second half of the Thursday's session, the benchmark indices rebounded with minor gains. At 14:08 IST, the Nifty 50 index was at 24,835 . 10, up by 23.80 points or 0.11%. Likewise, the Sensex was at 81,544.35, having risen 96.84 points or 0.13%. Market analysts have linked the cautious atmosphere to the risk of an intensifying conflict in the Middle East and concerns regarding a possible direct involvement by the US. Should this situation arise, significant selling pressure could be anticipated in global markets. On the technical front, Nagaraj Shetti of HDFC Securities suggests Nifty 50 support to be watched around 24,750 and the next lower support is placed at 24,500. Nagaraj Shetti recommends Asahi India Glass, Swiggy shares to buy in the near-term. After showing weakness from intraday highs on Wednesday, Nifty 50 shifted into a minor upside recovery from the day's low on Thursday and is currently trading on a slightly positive note. The underlying trend of Nifty 50 is range bound for the short term. Immediate supports to be watched at 24,750 and the next lower support is placed at 24,500 as per the broader high low range. Immediate resistance is at 25,000. Nagaraj Shetti of HDFC Securities recommends these two stocks to buy in the short-term - Asahi India Glass Ltd, and Swiggy Ltd. After showing a range bound action in the last couple of weeks, the stock price has witnessed an upside breakout on Thursday. The short term and long-term chart indicate a larger consolidation breakout for the stock price. Volume pattern and RSI indicates positive bias. The stock price has moved up sharply post healthy downward correction of last week. Bullish pattern like higher tops and bottoms has been formed as per daily timeframe chart. Volume expanded during upside breakout in the stock price and RSI shows positive indication. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
17 minutes ago
- Business Standard
IIT Delhi tops India in QS world rankings 2026, view complete list here
The Indian Institute of Technology Delhi (IIT Delhi) has emerged as the highest-ranked Indian institution in the QS World University Rankings 2026, rising from 150th to 123rd globally. The rankings, released early Thursday, also highlight a broader upward trend for Indian higher education, with nearly half of the listed institutions improving their positions. Globally, the Massachusetts Institute of Technology (MIT) continues its reign at the top for the 14th consecutive year. Five Indian universities have placed among the top 100 globally for Employer Reputation. With an average score of 43.7, 8 Indian universities ranked in the top 100 worldwide for Citations per Faculty in terms of research impact, surpassing the rankings of the US, UK, and Germany. QS World rankings 2026: IIT Delhi named as 'India's top-ranked university' This year, IIT Delhi outperformed its competitors, rising to the 123rd spot in the world from 150 in 2025 and 197 in 2024. According to the QS 2026 rankings, it is now the top-ranked Indian university. The institute performed well on many important measures, placing it 142nd in Academic Reputation, 86th in Citations per Faculty, and 50th in Employer Reputation globally. Closely behind, IIT Bombay, which ranked as the best Indian university in 2025, fell to 129th position this year from 118th last year. One of the most remarkable gains among Indian universities was made by IIT Madras, which rose 47 spots to 180th place from 227 in 2025. QS World rankings 2026: India on global stage With 54 universities included this year, India is the 4th most represented nation in the world, behind Mainland China, the United States, and the United Kingdom. India's increasing academic prominence on the international scene is reflected in the 8 Indian institutions that made their debut appearance on the list, the most of any nation. IIT Kharagpur (215), IISc Bangalore (219), and Delhi University (328) are further prestigious Indian institutions. Private universities like OP Jindal Global University (851-900) and BITS Pilani (668), have also improved or maintained their ranks. In contrast, IIT Bombay has dropped 11 places, from 118 to 129. This year, 54 Indian institutes have made it into the QS rankings. India is ranked in fourth place after the US (192), UK (90), and China (72), which is a vital achievement. Top 10 Indian Institutes in QS Rankings 2026 • IIT Madras- 180 • IIT Delhi- 123 • IIT Kharagpur- 215 • IIT Bombay- 129 • IISc Bangalore- 219 • IIT Kanpur- 222 • Delhi University- 339 • IIT Guwahati- 334 • Anna University- 465. QS World rankings 2026: Global universities rankings MIT continues to lead the QS World University Rankings for the 14th consecutive year, followed by Imperial College London in second place and Stanford University in third. The United States remains the most represented country on the list, with 192 institutions – many of which have improved their positions in this year's rankings. Asia's impressive showing persisted, with Fudan University leaping nine spots to 30th rank, Tsinghua University moving up to 17th, and Peking University remaining stable at 14th. Ireland and the Hong Kong Special Administrative Region were acknowledged as having some of the best educational systems. Positive results were also seen in Europe, especially in Italy, where Politecnico di Milano made its debut in the world's top 100, coming in at number 98. Significance of QS World rankings More than 1,500 universities from more than 100 locations were included in this round of the rankings. The International Student Diversity (ISD) metric, which was added this year as an unweighted indicator, is a noteworthy addition. It records the percentage and geographic distribution of international students, which is a step in the direction of identifying campus cultures that are inclusive of all cultures. Because they provide a systematic comparison of universities across the globe, the QS World University Rankings are significant because they help students make well-informed decisions regarding their academic and professional pathways. These rankings, which offer information on internationalisation, research impact, and academic reputation, are an invaluable resource for institutions, companies, and students alike.
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Business Standard
17 minutes ago
- Business Standard
IT, PSU banks drag markets amid unclear Fed stance, Israel-Iran tensions
Indian equity benchmarks, Sensex and Nifty, recovered early loses and were trading flat during the afternoon session amid muted investor sentiment globally after US Federa Reserve maintained status quo on interest rates and ongoing geopolitical tensions in West Asia. Last checked, the Sensex was trading at 81,403 levels, down 41.66 points or 0.05 per cent, while the Nifty50 was at 24,799.65, down 12.40 points or 0.05 per cent. The Nifty IT index fell over 1 per cent, dragged by Oracle Financial Software Services (OFSS), LTIMindtree, Coforge, Tech Mahindra, Persistent and Mphasis falling up to 3.2 per cent. Wipro was the only gainer, up by 0.8 per cent. Among others, the Nifty PSU Bank index was down 2.2 per cent, followed by Realty, IT, and Media falling over 1 per cent each. Except for Nifty Auto, all major sectoral indices were trading lower. "This indicates the extent of uncertainty which even the US central bank is facing on the tariff policy. The Dot plots signalled two more rate cuts in 2025, which is in our base case and to which even the market has now aligned. As this policy move was widely anticipated, market reactions were muted in the equity segment," JM Financial said in a report. Akshay Chinchalkar, head of research at Axis Securities, said that the global sentiment is bearish because the chances of the US joining the Israel-Iran war have increased after President Trump's statement yesterday that all options are on the table. "The Nifty finished 41 points down yesterday but the fact that the candle had a long upper shadow means the intraday highs just under the pivotal 25,000 level were sold into aggressively, and that's not bullish behaviour. If we record a daily close below the 24750 lows against the 24,950 highs, it will increase the risk of a deeper pullback toward the low end of the 24,600 - 24,800 zone. Immediate resistance on the upside rests near yesterday's highs and should bulls break above there, the next upside objective will be 25,240," he added.
