The US president’s unexpected halt on reciprocal tariffs gave investors some respite on the last day of the week. Still, Indian benchmark indexes completed the volatile week ending April 11 with slight losses due to worries over the tariff war. Nifty50 was down by 75.9 points to settle at 22,828.55, while the BSE Sensex index…
The ratings agency ICRA stated Thursday that Indian airport operators should anticipate see 18–20% year-over-year (y-o-y) increase in their topline this fiscal year, driven by tariff hikes, a ramp-up in non-aeronautical income, and a sustained improvement in passenger traffic. Domestic traffic increased by 9% while overseas traffic increased by 11% in FY25. New investments will…
When markets were once again rocked by panic after Donald Trump acknowledged that his global tariff blitz might have “a transition cost,” gold hit a new high. After reaching a record high of $3,218.07, gold is currently trading at about $3,207. The current price of gold in India is Rs 93,380. On Thursday, gold prices…
Early Friday trading saw the rupee jump 51 paise versus the US dollar to 86.17 amid a fall in oil prices, a weakening greenback, and a robust start to domestic share markets. The local unit increased one day after US President Donald Trump halted the further 26% tariffs on India until July 9. The local…
When domestic markets reopen after a holiday on Friday, equity indices are expected to open higher due to strong global indications following Trump’s decision to halt tariffs on all countries except China for 90 days. After ending Wednesday afternoon at 22,487, Gift Nifty Futures is up 810 points to 23,299.5. Trump has not completely reversed…
On April 9, the Indian financial markets ended the day on a depressing note as the bells sounded to signal the end of the trading session. Investors saw a widespread sell-off as benchmark indexes declined, with major industries like IT, real estate, and PSU Banks leading the way. The Nifty concluded the day at 22,399.15,…
In light of strong agricultural output and declining crude prices, the Reserve Bank of India (RBI) reduced its inflation forecast for FY26 on Wednesday from 4.2% to 4% from 4.2% in February. The RBI’s Monetary Policy Committee (MPC) examined the state of the economy during its policy meeting and identified a significant improvement in food…
On Monday, the rupee saw its biggest one-day drop since January 12, plunging 61 paise, or 0.71%, to settle at 85.8425 versus the dollar. The decline occurred when US President Donald Trump’s expansive tariff proposals rocked the world’s financial markets, sending Asian stocks and currencies down. The rupee is affected by a growing trade war…
On April 7, as trade war worries shook global shares, benchmark indices saw their biggest one-day decline since June 2024. The Sensex and Nifty 50 closed more than 3% lower, but they fell less than their Asian and European counterparts. In early trading, the major indices saw a precipitous 5% decline, but they somewhat recovered…
While the HSBC India Services Business Activity Index, or services PMI, decreased to 58.5 from 59.0 in February, it was still higher than an initial estimate that indicated a decline to 57.7, indicating a loss of growth momentum for India’s service providers in March. It did, however, show a high rate of expansion and was…
