Buisiness

Market attention will now concentrate on the RBI’s monetary policy scheduled for April 9. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Friday following global cues. While BSE Sensex dipped below 76,000, Nifty50 was above 23,100. At 9:16 AM, BSE Sensex was trading at 75,953.43,…

MUMBAI: The rupee closed at 85.43 against the dollar, gaining seven paise from 85.50 on Wednesday. It had opened weaker at 86.75 after the US announced higher-than-expected tariffs on Indian imports.“The Indian rupee strengthened after a sluggish start, largely due to the weakening of the US dollar,” said Dilip Parmar, senior research analyst, HDFC Securities….

Top stocks to buy (AI image) Stock market recommendations: According to Bajaj Broking Research, NHPC and Symphony are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for April 4, 2025:Index View: NIFTYNifty during last week on expected lines consolidated in the range of 23,000-23,800 after…

BENGALURU: US President Donald Trump’s tariff announcement sent tech stocks into a frenzy on Thursday. Stocks of Indian IT firms fell between 3% and 10% amid projections of sluggish growth and restrictive trade measures affecting some sectors that might impact overall technology expenditure. The increasing macroeconomic uncertainties are expected to affect growth prospects in FY…

India’s pharma sector has emerged as a big winner amid Trump’s tariff woes, as the US has exempted pharmaceuticals from reciprocal tariffs, recognizing the vital role of India’s generic medicines in global healthcare. This decision comes amid US President Donald Trump’s announcement of 27 percent tariffs on imports from about 60 countries, including India, in…

Raghuram Rajan (File photo) NEW DELHI: Former Reserve Bank of India (RBI) governor Raghuram Rajan on Thursday described the Trump administration’s new reciprocal tariffs on about 60 countries as a “self-goal,” and said that the move will primarily hurt the US economy in the short run. Rajan, however, mentioned that the impact on India would…

The imposition of US tariffs presents both opportunities and challenges for the Indian textile industry. (AI image) By Paresh ParekhThe United States has imposed significant tariffs on textile imports from various countries, aiming to protect domestic industries and address trade imbalances. Under the Trump administration, around 27% reciprocal tariff was levied on Indian textile imports….

The US stock market plunged sharply on Thursday, with the Dow Jones Industrial Average dropping 1,400 points, or 3.3%, amid widespread concerns triggered by President Donald Trump’s latest set of severe tariffs. According to news agency AP, the S&P 500 fell 4%, while the Nasdaq Composite dropped 5.1%, reflecting a broader global market sell-off. At…

Technology stocks plunged on Thursday after President Donald Trump’s new tariff policies triggered widespread market panic.Apple led the sharp decline among the “Magnificent Seven” tech stocks, dropping nearly 9%. The iPhone maker, which manufactures many of its devices in China and other Asian countries, is on track for its biggest drop since 2020, according to…

NEW DELHI: The government will sell up to 4.83 per cent stake in Mazagon Dock Shipbuilders at a floor price of Rs 2,525 per share. “Offer for Sale in Mazagon Dock Shipbuilders Limited (MDL) opens tomorrow for Non-Retail investors. Retail investors can bid on Monday. Government will divest 2.83% equity with an additional 2% as…