Latest business news
Multibagger small-cap stock: Shares of RHI Magnesita India, which manufactures and markets special refractory products, systems, and services to the steel industry, have been making significant strides on Dalal Street even as the frontline indices have been gyrating between gains and losses amid escalating global trade tensions. The multibagger stock, amid high volumes, has gained…
The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open flat on Wednesday, tracking mixed cues from global peers ahead of US President Donald Trump’s reciprocal tariffs announcement. The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 23,327 level,…
US stocks were mixed on Tuesday following weaker economic reports and on worries about President Donald Trump’s reciprocal tariffs. Trump is expected to announce tariffs on his “Liberation Day” on Wednesday. As of 10:45 AM Eastern time, the S&P 500 was down by 0.2 per cent, the Dow Jones Industrial Average was down 0.5 per…
Wall Street: Focus of stock market investors in the week ahead will be mainly on US President Donald Trump’s reciprocal tariffs and a 25 per cent tariff on automobile imports, expected to implemented on April 2. In terms of economic reports, the market participants will get plenty of data, including employment numbers and manufacturing &…
The Indian stock market closed the 2024-25 (FY25) financial year with gains after logging sharp gains in March driven by foreign capital inflow, final phases of profit booking, and improving domestic economic indicators. Next, investors will monitor key market triggers in the first week of the new fiscal (FY26). Donald Trump’s reciprocal tariff announcements, foreign…
Gold prices surged by ₹1,100, reaching a new record of ₹92,150 per 10 grams in the national capital on Friday, driven by rising global precious metal rates, according to the All India Sarafa Association. Gold prices in India have surged to record highs, supported by the increase is driven by global economic uncertainties, geopolitical tensions,…
The Indian equity markets remained range-bound throughout the week, ultimately closing with modest gains as they digested the sharp rebound from the previous week. The initial positive momentum was met with profit-taking in subsequent sessions, limiting further upside. By the end of the week, the benchmark indices—Nifty and Sensex—closed at 23,519.30 and 77,414.92, respectively. Nifty…
Indonesia’s market turmoil is adding to the economic worries sapping sentiment among consumers, businesses and retail investors ahead of one of the Southeast Asian country’s biggest holidays. Benedicta Alvinta, a freelance marketing strategist in the central Java town of Yogyakarta, says the “nerve-racking” slide in Indonesian stocks hurt her investment portfolio largely focused on shares,…
The UK government will aim to slash the number of civil servants by 10,000, Chancellor of the Exchequer Rachel Reeves said ahead of Wednesday’s key statement on the public finances. The Labour government will stick with its plan to lift real-terms spending in every year of this parliament, but prioritize where the money is allocated,…
Wall Street investors would have plenty of economic data to analyse in the week ahead. A key inflation – Federal Reserve-preferred Personal Consumption Expenditures (PCE) price index, flash PMI readings from the S&P, personal income and spending data, among other economic reports will be released. On Wednesday, the US central bank kept its interest rate…
