Indian shares extend gains on softer oil, strong earnings - Reuters

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  Investors engaged in profit-taking after the conglomerate added ₹1.84 lakh crore to its market valuation following record second-quarter earnings. Strong global fuel margins in the oil-to-chemicals division drove bottom-line growth, helping counterbalance earnings weakness in the retail arm. Despite the recent rebound, the stock faces a broader downtrend having declined in eight of the previous ten months.

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• Darling gold gets too dear for Indian buyers

  Consumers in the world's second-largest precious metals market are retrenching as elevated prices combine with a severe rural income crunch. A historic drop in monsoon rainfall has crippled agricultural earnings, leaving farming communities unable to make their traditional wealth-preserving jewellery purchases. This sustained pressure is set to drag the nation's annual consumption down to levels not seen since pandemic shutdowns.

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• Uncertainty is certain: India is resilient and will emerge stronger

  Robust domestic demand and accelerated central government capital spending are driving economic expansion at more than twice the IMF's projected global rate. Local financial markets are demonstrating maturity by absorbing massive foreign portfolio outflows through record-breaking retail and institutional participation. This stability is creating a supportive environment for long-term industrial investment and capacity additions.

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