Business

April 7, 2025 4:58 PM April 7, 2025 4:58 PM

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Sensex Crashes 2,227 Points, Nifty Slumps 743 Amid Global Recession Fears

The benchmark domestic equity indices plunged around three per cent today amid escalating trade tensions and mounting recession concerns in the US. In the intraday trade, both the indices had registered their biggest one-day fall since June 4 last year when the Lok Sabha election results were announ...

April 7, 2025 1:24 PM April 7, 2025 1:24 PM

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Sensex & Nifty decline significantly during early trade

The Benchmark domestic equity indices, Sensex and Nifty, were trading over four per cent down in the afternoon trade today, mirroring intense sell-off across global markets. The 30-share BSE Sensex nosedived 3,245 points to 72,120, and the NSE Nifty50 plummeted 1,037 points to 21,868, when reports l...

April 7, 2025 8:57 AM April 7, 2025 8:57 AM

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Asian stock markets in bloodbath as US President Trump defends tariffs

Asian stock markets opened in a bloodbath today. The carnage came as US President Donald Trump defended his tariffs, saying any adjustment in the stock market will be temporary. Speaking about the falling markets, he said that medicine can be necessary at times.   In early trade today, Japan's ...

April 5, 2025 7:31 PM April 5, 2025 7:31 PM

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Markets Tumble 2.6% Amid Global Sell-Off; Sensex Drops 2,050 Points

Snapping a two-week gaining streak, domestic markets plunged 2.6 percent this week amid fears of a trade war, which led to a global sell-off following US President Donald Trump’s reciprocal tariff announcements and renewed concerns over the economic slowdown. The Sensex tumbled 2,050 points during t...

April 4, 2025 7:39 PM April 4, 2025 7:39 PM

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Surge in India’s foreign exchange reserves

India's foreign exchange reserves surged by 6.6 billion dollars, reaching over 665.4 billion dollars in the week ending March 28. According to the Weekly Statistical Supplement released by the Reserve Bank of India, during the last week, foreign currency assets, a major component of the reserves, we...

April 4, 2025 6:05 PM April 4, 2025 6:05 PM

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US stocks registered biggest drop since COVID owing to fear of global recession

  US Stocks tumbled on Thursday, registering their biggest daily percentage drops since Covid pandemic in 2020 as US President Donald Trump's sweeping trade tariffs sparked fears of a global recession. The Nasdaq Composite Index led declines on Wall Street, plunging almost six percent, its largest d...

April 4, 2025 6:11 PM April 4, 2025 6:11 PM

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Major Asian markets ratlle by Trump’s announcement

Major Asian stocks extended their downward trend today rattled by Trump's tariffs announcement. Singapore's Strait Times index dropped three percent, Japan's Nikkei shed over 2.8 percent, and Korea's Kospi slipped more than 0.8 percent. Meanwhile, markets in Hong Kong and China were closed for Qingm...

April 4, 2025 6:00 PM April 4, 2025 6:00 PM

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Rupee becomes strong by 21 paise to close at 85.23 against US dollar

          In the Forex market, the rupee today strengthened by 21 paise to close at 85 rupees and 23 paise against the US dollar amid a fall in oil prices and the weakening of the American currency. The dollar index, which indicates the US dollar's strength against a basket of six other leading...

April 4, 2025 5:00 PM April 4, 2025 5:00 PM

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Stock market tumbles amid US tarrif jitters

          The benchmark domestic equity indices slumped more than one percent today, mirroring losses in global markets fuelled by US President Donald Trump’s tarrif jitters. The 30-share index at the Bombay Stock Exchange, Sensex, shed 931 points, or 1.22 per cent, to close at 75,365. The National ...

April 4, 2025 8:02 AM April 4, 2025 8:02 AM

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Global stocks sink as US President Trump’s tariffs weigh on growth, raise prices

Global stocks sank a day after US President Donald Trump announced sweeping new tariffs that are forecast to raise prices and weigh on growth in the United States and abroad. The Wall Street Journal reported that the US market had lost 2.7 trillion dollars in market cap. The S&P 500, which track...

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