ASIAN MARKETS PLUNGE
Gujarat's Alang ship-breaking yard hits all-time low, hopes pinned on global recycling boom
MV True Confidence, a doomed vessel from a missile attack, is set for dismantling in Alang, a declining ship-breaking hub facing economic challenges. Alang hopes for a revival with stricter green norms and incoming ageing vessels, despite the BIS regulation setbacks and increasing reliance on alternative inventories.
F&O Talk| Trade turmoil triggers technical breakdown: Nifty sheds 1,000 pts in 8 sessions. Sudeep Shah weighs in
Benchmark indices Sensex and Nifty 50 fell by 2.6% each due to a global sell-off triggered by U.S. tariff actions. IT stocks suffered the most, plunging 9%, while the Nifty Metal index dropped 7.5%. Analysts recommend caution amid ongoing market volatility.
First round of global tariffs comes into effect as Trump reshapes US trade strategy
Donald Trump’s sweeping new tariffs took effect on Saturday, starting with a 10% blanket duty on most US imports. Even higher levies are set to hit 57 countries from April 9, including a punishing 54% on Chinese goods. Markets are in turmoil, with $5 trillion wiped off the S&P 500 in two days. Key US allies are bracing for impact, and China has already hit back. With exclusions narrowing and investigations mounting, fears of a full-blown trade war are mounting fast.
5 world market themes for the week ahead
Global investors are uneasy due to Trump's tariffs, which have sparked fears of a U.S. recession and disrupted markets. The tariffs have hit major trading partners, with significant impact expected from potential retaliations by the EU and China. A crucial U.S. earnings season is approaching, and investors are watching for signs of inflation moderation and economic recovery.
That Sinking Feeling: Stocks swoon as tariff reality hits investors hard
NSE Nifty fell 1.5%, or 345.65 points, to finish at 22,904.45. BSE Sensex dropped 1.2%, or 930.67 points, to 75,364.69. The slump wiped out ?10 lakh crore in market value Friday.
Gold snaps 5-day winning streak, plunges Rs 1,350 to Rs 93,000 per 10 g
Gold prices plunged by Rs 1,350 to Rs 93,000 per 10 grams, bringing an end to its five-day record rally, in the national capital on Friday amid weak trend in the international markets, according to the All India Sarafa Association. On Thursday, the precious metal of 99.9 per cent purity had climbed Rs 200 to hit a fresh peak of Rs 94,350 per 10 grams.
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Trade war: China to retaliate with additional 34% tariff on US goods from April 10
China has intensified its trade war with the United States by announcing new tariffs and export controls on American goods and companies. Starting April 10, Beijing will impose additional 34% tariffs on all US goods. China also added 16 US entities to its export control list and placed 11 American firms on its ‘unreliable entity’ list.
Market Wrap: D-Street ends lower after Trump's tariff hit; Sensex sheds 322 pts, Nifty below 23,300
Indian indices suffered a drop as the U.S. imposed 26% reciprocal tariffs, though pharma stocks' surge and lower tariffs compared to other Asian peers cushioned the fall. IT and auto sectors faced significant selling pressure, while the broader market showed some resilience.
TRADING DAY-Trump is on fire, global markets tariffied
Thursday's market plunge reflects investor anxiety over President Trump's significant global tariffs, resulting in declines for U.S. stocks, the dollar, and oil. Analysts forecast reduced U.S. growth and heightened recession risks, with China's potential currency devaluation in response being closely monitored. Economic and market uncertainty is expected to persist.
Trump's tariff push is a race against time, and potential voter backlash
President Trump's new expansive tariffs mark a significant shift by reversing decades of lower trade barriers. Economists predict these tariffs will lead to increased prices for Americans and slow economic growth, with potential inflation rising to 4%. Mixed reactions from Americans highlight concerns over higher living costs and job losses.
Trump tariffs wipe out $2 trillion from US stock market
Approximately $2 trillion was wiped from the S&P 500 Index as new tariffs by President Trump raised fears of a recession. Apple, Nike, and other companies heavily dependent on overseas manufacturing saw steep declines. The levies could upend global supply chains, increase inflation, and depress consumer spending.
Gold climbs Rs 200 to hit record high of Rs 94,350 per 10 gm in Delhi
Gold prices in New Delhi hit a new peak of Rs 94,350 per 10 grams due to persistent buying by jewellers and stockists. In contrast, silver prices dropped by Rs 1,000 to Rs 1,00,500 per kg. Gold futures for June delivery also initially climbed but later fell. In international markets, spot gold dipped after an initial high.
D-Street set to tumble as Trump imposes 26% tariff; global markets plunge amid trade war fears
Indian shares are expected to open lower on Thursday following U.S. President Donald Trump's imposition of a 26% reciprocal tariff on imports from India. This move is part of a broader plan to introduce a 10% baseline tariff on all trade partners, with even higher duties on several other countries, including China.
Relatively lower tariff hit, slumping dollar helps rupee hold ground
The rupee closed stronger at 85.43 against the USD, helped by a weaker dollar and inflows, while India faces a softer tariff levy than its regional peers. The rupee trimmed earlier losses, supported by broad-based interbank offers, and was further bolstered as the dollar index dropped significantly.
GIFT Nifty down 300 points; here's the trading setup for today's session
Domestic markets saw a rebound after a two-day slump, with analysts predicting volatility in Indian equities following US President Trump's decision on reciprocal tariffs. The India VIX index fell slightly, suggesting decreased market fear. Meanwhile, the rupee settled 2 paise lower due to uncertainty over trade tariffs, and foreign investors remained net sellers.
Trump's tariff threat is turning two of the world's biggest foes into friends
China expresses willingness to import more Indian products to balance trade, amidst strained India-China relations and ahead of potential US tariffs. Bilateral trade reached $101.7 billion in 2023-24, with India having a significant deficit. Economic cooperation and diplomatic engagements continue despite past border conflicts.
Market Wrap: D-Street ends higher as banks offset auto slump; Sensex gains 318 pts, Nifty above 23,550
Indian benchmark indices closed in the green on Thursday, bouncing back from a negative start as advances in heavyweight financial stocks provided support, though further upside was capped by a decline in auto stocks, led by Tata Motors, following the announcement of U.S. tariffs on auto imports.
Tesla slayer poses 5-minute challenge to Elon Musk
China's BYD has unveiled a supercharging platform capable of reaching speeds twice as fast as Tesla's, potentially pushing Tesla further behind in the Chinese electric vehicle market. While Tesla plans to enter the Indian market, it faces competition and challenges in both China and India.
Indonesia finance minister denies resignation rumours amid stocks plunge 7%
Indonesian stocks fell as much as 7.1% on Tuesday and the rupiah slid to a two-week low against the dollar, pressured by concerns over the government's fiscal strategy and growth prospects a day before a central bank review of monetary policy.
Dollar on back foot as economic worries sap confidence; yuan firms
The U.S. dollar remains near a five-month low due to President Trump's unpredictable trade policies and weak economic data. The euro is close to a five-month high following Germany's fiscal agreement to boost spending and growth. Key central banks, including the Federal Reserve and the Bank of Japan, are expected to keep policies unchanged this week.
Asia hedge funds outperform US peers as markets sell off
Asia hedge funds performed better than U.S. counterparts during the March market selloff due to the strong performance of Chinese stocks. While global and U.S. hedge funds faced significant losses, Asia funds experienced smaller declines. This trend highlights Asia as a potential safe haven for investors amid concerns of a U.S. recession.
Market Wrap: IT stocks drag D-Street; Sensex ends marginally lower, Nifty below 22,500
Indian benchmark indices closed in the red on Wednesday, paring early gains, as a decline in information technology stocks—spurred by concerns over U.S. economic growth—weighed on the broader market.
Sensex jumps 250 points, Nifty tops 22,550 as RIL, Airtel offset losses in IT stocks
Indian benchmark indices started higher on Wednesday, driven by gains across most sectors excluding IT. The BSE Sensex rose 257.28 points with Tata Motors leading the gains, while Bharti Airtel surged on a partnership with Elon Musk's SpaceX to offer Starlink internet services in India.
Market Wrap: D-Street ends mixed after IndusInd Bank crash; Sensex settles marginally lower, Nifty eyes 22,500
Stock Market Highlights: The Sensex closed in the red on Tuesday, while the Nifty managed to stay above 22,490, buoyed by gains in realty, while the benchmarks offset a massive crash in IndusInd Bank even as it witnessed declines in the IT and private banking sectors.
China’s back in the bling game! Indian diamond traders cheer as sales sparkle again
China has resumed buying diamonds cut and polished in India after a hiatus of nearly two years, positively impacting rough diamond prices and Indian diamond traders. This renewed interest from Chinese buyers is expected to reboot diamond production in Surat and generate jobs while boosting India's diamond exports.
GIFT Nifty down 160 points; here's the trading setup for today's session
Foreign institutional investors (FIIs) were net sellers of Indian equities as they sold shares worth Rs 2,035.10 crore on Monday while the domestic institutional investors (DIIs) bought shares worth Rs 2,320.36 crore.
What is a strategic bitcoin reserve and why did Trump establish it? Story in 10 points
White House Crypto Summit: US President Donald Trump established a Strategic Bitcoin Reserve and a stockpile of other digital assets through an executive order on Thursday, shortly before hosting a crypto summit at the White House. The event is expected to serve as a stage for Trump to formally announce his plans to build a strategic reserve containing bitcoin and four other cryptocurrencies.
Asian stocks fall ahead of US non-farm payroll data
Shares in Australia and Japan fell more than 1% in opening trade while equity index futures for Hong Kong slipped. Drops for Japanese benchmarks reflected declining risk sentiment and a Thursday rally in the yen.
Sensex gains over 850 points, Nifty climbs above 22,300 as bulls fight back
Indian benchmark indices rebounded on Wednesday, boosted by gains in the IT and Auto sectors, after a significant losing streak. The Sensex surged 852 points, while Nifty 50 climbed 282 points. Strength was observed in stocks of Mahindra & Mahindra, Power Grid Corporation, and ICICI Bank amidst ongoing global trade tensions.
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