Business

February 11, 2025 6:37 PM

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US Stocks Rise as AI, Steelmaker Shares Surge on Tariff Announcement

US stocks closed higher yesterday, led by artificial intelligence-related stocks, while US steelmakers' stocks surged after President Donald Trump announced he would impose additional tariffs on steel and aluminium imports. The Nasdaq Composite gained nearly one percent, the S&P 500 rose over 0....

February 11, 2025 6:04 PM

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Sensex Sinks 1,018 Points, Nifty Falls 310

Benchmark domestic equity indices today plunged 1.32 percent each as US President Donald Trump's decision to impose 25 percent tariffs on steel and aluminium imports dampened market sentiments. This marks the fifth consecutive day of declines for both indices. The 30-share index at the Bombay Stock ...

February 10, 2025 7:26 PM

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Oil Prices Rise as Markets React to Trump’s Tariff Threat

Oil prices rose today as investors weighed US President Donald Trump's latest tariff threat on all steel and aluminium imports. Brent Crude was trading over 1.3 percent up at 75 dollars and 67 cents per barrel, and WTI Crude gained almost 1.4 percent to trade at around 71 dollars and 99 cents per ba...

February 10, 2025 5:21 PM

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Sensex Drops 548 Points, Nifty Falls 178 Amid Broad Market Sell-Off

Benchmark domestic equity indices today ended with a loss of around 0.7 percent amid mixed global cues and a sell-off across all sectors. The 30-share index at the Bombay Stock Exchange, Sensex, shed 548 points to close at 77,312. Similarly, the National Stock Exchange Nifty-50 fell 178 points to se...

February 10, 2025 2:09 PM

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Sensex loses 670 points; Nifty slips 215 points in afternoon trade

Benchmark domestic equity indices, Sensex and Nifty, were trading with losses of around 0.9 per cent in the afternoon trade today as global trade concerns dampened investor sentiment. The 30-share BSE Sensex shed 670 points, to 77,190 and the NSE Nifty50 slipped 215 points, to 23,345, when reports l...

February 9, 2025 9:43 PM

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Gold Prices Surge for Sixth Straight Week Amid US-China Trade Tensions

Rising for the sixth straight week, global gold prices jumped over 2 percent last week as escalating trade tensions between the US and China prompted investors to seek refuge in the safe-haven asset. Spot gold in international markets gained 2 percent to end the week at 2,873.63 dollars per ounce.  ...

February 9, 2025 7:07 PM

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Indian Markets to Track Earnings, Inflation Data & Global Cues Next Week

After two weeks of continuous gains, Indian stock markets will monitor corporate earnings, retail inflation data, and global markets for cues next week. Market attention is expected to turn towards macroeconomic indicators scheduled during the week, such as the index of industrial production, or IIP...

February 8, 2025 5:55 PM

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Oil Prices Rise on Iran Sanctions

Oil prices finished with gains on Friday after new sanctions were imposed on Iran’s crude exports. But prices were down for the week as investors worried about US President Donald Trump’s renewed trade war with China and threats of tariffs on other countries. To increase pressure on Tehran, the US T...

February 8, 2025 5:51 PM

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U.S. Stocks End Sharply Lower; Dow Drops 444 Points

All three major U.S. stock indexes finished steeply lower in a broad selloff that accelerated after a report that U.S. President Donald Trump will shortly announce new tariffs. The indexes all notched losses on the week.   The much-anticipated employment report showed the U.S. added 143,000 jobs in ...