MUMBAI: Led by a significant rally in bank stocks, Dalal Street experienced a strong upsurge on Monday. The sensex reclaimed the 79K level, while the Nifty rose above the 24K mark, both after more than four months. The BSE bankex rallied over 2% to a new all-time high during the day’s session.The rally was driven by investors’ perception that, with …
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Fitch Ratings on Thursday cut India’s GDP growth estimate by 10 basis points to 6.4% for the current fiscal, but retained the projections for the next financial year, on concerns over a severe escalation in global trade war.“It is hard to predict US trade policy with any confidence. Massive policy uncertainty is hurting business investment prospects, equity price falls are …
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We take a look at how India may actually be among the least vulnerable economies. US President Donald Trump has sent shockwaves around the world, and in the US too, with his announcement of reciprocal tariffs on major world economies. Starting April 5, 2025, the United States shall enforce a uniform 10% duty on all incoming foreign goods. And from …
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Global stock markets, including those in the US and Europe, fell sharply on Wednesday as uncertainty loomed ahead of US President Donald Trump‘s highly anticipated tariff announcement, raising fears of a potential global trade war, according to news agency AFP. Investors are on edge as Trump prepares to unveil a new wave of tariffs, known as “Liberation Day,” which could …
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