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Stock markets close lower on profit-taking in financial shares

Mumbai, Apr 16 (PTI) Benchmark indices Sensex and Nifty closed down in a volatile session on Thursday due to profit-taking in banking and financial shares after a recent sharp rally. Erasing its early gains, the 30-share BSE Sensex declined 122.56 points or 0.16 per cent to settle at 77,988.68. The index opened higher and hit a high of 78,730.32 in late-morning trading. However, profit-taking emerged at higher levels, dragging the index down to a low of 77,674.93. The index gyrated 1,055.39 points during the session. The 50-share NSE Nifty dropped 34.55 points or 0.14 per cent to end at 24,196.75.

CM Stalin burns copy of delimitation bill, terms it ‘black law’

Chennai/Namakkal, Apr 16 (PTI) Tamil Nadu Chief Minister M K Stalin on Thursday burnt a copy of the delimitation bill and dubbed it a “black law”, alleging it seeks to make the Tamil people “refugees” in their own land. Stalin hoisted a black flag and burnt a copy of the bill on delimitation circulated by the union government and raised slogans condemning the move, hours before the Parliament was to sit for a special session. The CM burnt the copy of the bill at Namakkal in western Tamil Nadu, where he is camping in connection with electioneering. “Poradavom, Velvom ondraga”

Stock markets climb in early trade amid hopes of US–Iran truce

Mumbai, Apr 16 (PTI) Benchmark indices Sensex and Nifty climbed in early trade on Thursday as renewed optimism surrounding the progress in restarting US–Iran negotiations has helped ease immediate geopolitical concerns and driven crude oil prices lower. A positive trend in global markets and fresh foreign fund inflows also added to markets’ optimism. The 30-share BSE Sensex jumped 619 points to 78,730.32 in early trade. The 50-share NSE Nifty climbed 169.65 points to 24,400.95. From the 30-Sensex firms, Eternal, Infosys, Tech Mahindra, Bajaj Finance, Tata Steel and InterGlobe Aviation were the major winners. Sun Pharma and Titan were the laggards.

ChatGPT maker OpenAI shifts its focus to business users amid Anthropic pressure

WASHINGTON, April 16, 2026 (AP) — The same ChatGPT chatbot that gave OpenAI’s chief financial officer Sarah Friar a tilapia recipe for a recent Sunday night dinner at home is also now doing her most mundane tasks at work like summarizing her emails and Slack messages. Friar and other company executives are banking OpenAI’s future on more of the latter as it shifts its focus to business-oriented products while shedding some of its consumer offerings as a pathway to profitability. OpenAI says it will introduce a new artificial intelligence model for “high-value professional work” as the company faces heightened competition

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