RBI rules require issuers to obtain consent before activating a credit card. If the card hasn't been activated and the issuer doesn't receive consent for activation, the issuer must close the card account without charging the customer. RBI's rules provide for closure of a credit card account if it hasn't been used for more than a year after prior notice.

There is no tax liability on property transferred as alimony to the wife during divorce proceedings. However, if the wife rents out the property or sells it, she will have to pay capital gains tax on the profit. The profit earned from the property will be calculated on the basis of the cost of acquisition paid by the original owner.

Indian traders lost a total of ₹91,685 crore while trading in the equity derivatives segment in FY26, translating to a loss of over ₹29,000 per second, as per a SEBI study. The segment also saw a 20% reduction in active traders and a 40% cut in new entrants. Only one in every 10 traders managed to profit from F&O trades.

MCX shares jumped over 4% as gold, silver and copper futures gained after a US Treasury liquidity support move. The stock has surged around 900% in three years. UBS upgraded MCX to 'Buy' with a ₹3,800 target, while HDFC Securities retained its 'Buy' view, citing regulatory easing, wider participation and strong growth potential.

IT stocks extended gains for a second session, with Coforge rising over 3% and Persistent Systems gaining more than 2%. Infosys, Wipro, TCS and Tech Mahindra also advanced, lifting the Nifty IT index nearly 2%. The rally was supported by value buying and a weaker rupee, while Sensex and Nifty ended a seven-session losing streak.

Aditya Infotech shares rose 5% to ₹3,468 after Motilal Oswal initiated coverage with a 'Buy' rating and ₹4,200 target, implying a 27% upside. The brokerage expects India's video surveillance market to more than double to ₹22,700 crore by FY30 and sees Aditya Infotech's market share rising above 58% by FY28.

RVNL shares rose 3.5% to ₹231.20 after securing a ₹161.02-crore order from East Coast Railway for Multi-Section Digital Axle Counters across multiple stations. The project is expected to be completed within 18 months. RVNL's Q1FY27 profit rose 18% YoY to ₹159 crore, while revenue grew 10.5% to ₹4,321 crore.

L&T shares gained 1.05% to ₹4,083.60 after its consortium with Mitsubishi Heavy Industries won a large order to design and build the Automated People Mover system at Dubai's Al Maktoum International Airport. The order covers the design, construction, supply, testing and commissioning of key airport infrastructure.

Muthoot Finance shares rose 4.85% to ₹2,997.80, while Manappuram Finance gained 3.41% to ₹351.60 as gold prices surged over 3%. Spot gold jumped 3.6% to $4,487.91 an ounce, boosting the value of pledged collateral, supporting larger gold loan disbursals and reducing lenders' credit risk.

Indian equities have fallen despite stronger-than-expected corporate earnings. A Bank of America survey found 32% of fund managers were net underweight on India, citing limited AI exposure, weak growth, high valuations and a lack of reforms. The Nifty 50 has fallen about 7.9% this year, while foreign investors have withdrawn around $25 billion.