Business

April 8, 2025 12:59 PM

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Sensex, Nifty up over 2.2% on positive global cues

The Benchmark domestic equity indices, Sensex and Nifty, were trading over 2.2 per cent up in the afternoon trade today, driven by positive global cues and widespread buying across various sectors. The 30-share BSE Sensex surged 1,637 points to 74,775, and the NSE Nifty50 rose 496 points to 22,658 w...

April 7, 2025 10:12 PM

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Asian Markets Crash as US-China Trade Tensions Spark Recession Fears

Major Asian stocks witnessed a bloodbath today, hitting multi-year lows, as concerns over a potential global recession intensified amid escalating trade conflict between the world’s two largest economies, the US and China. Meanwhile, the massive sell-off was also triggered by US President Donald Tru...

April 7, 2025 10:03 PM

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Rupee Falls 61 Paise to 85.84 Against US Dollar Amid Global Trade Tensions

In the Forex market, the rupee today depreciated by 61 paise to close at 85 rupees and 84 paise against the US dollar amid global market turmoil fuelled by escalating trade tensions. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, was trad...

April 7, 2025 9:51 PM

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Oil Prices Slide Over 2% Amid Recession Fears and Trade Tensions

Oil prices extended their downward slide today as escalating trade tensions stoked fear of a recession that would reduce demand for crude. Brent Crude was trading over two per cent down at 64 dollars and 21 cents per barrel. WTI Crude was also trading over 2.2 per cent down at 60 dollars and 59 cent...

April 7, 2025 9:19 PM

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Global Markets Plunge Amid Escalating US-China Trade War

Global markets, from Asia to Europe, have witnessed a big fall due to US President Donald Trump’s trade war and China’s forceful response to high tariffs. The Hong Kong stock exchange closed today with a 13.22 percent drop, its worst one-day tumble since the 1997 Asian financial crisis. Chinese tech...

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

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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

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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

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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

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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...