US stocks flounder

US stocks experienced mixed performance as investors analyzed recent earnings reports amidst President Trump's tariff policies and criticism of the central bank. The Dow Jones Industrial Average declined, while the S&P 500 and Nasdaq saw slight fluctuations. Upcoming tariff negotiations with numerous countries will be a key area of focus for traders. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6SQFW...

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Federal Reserve chair's warnings send US stocks tumbling; Asian markets move higher

Wall Street experienced a sell-off triggered by Jerome Powell's remarks on potential tariff impacts and Nvidia's export concerns. Powell's warning about tariffs causing inflation and complicating economic management fueled market unease. Asian-Pacific markets diverged, showing gains despite Wall Street's decline, with central bank decisions influencing regional performance. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EBvTo...

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Top stocks to buy today: Stock market recommendations for April 17, 2025

Jefferies is bearish on Mahanagar Gas due to reduced APM gas allocation, while Nuvama cuts ICICI Lombard's target despite premium growth. Nomura is bullish on Aditya Birla Real Estate, citing strong pre-sales. Investec upgrades Eicher Motors on Royal Enfield's rebound, while Morgan Stanley maintains an 'equal weight' rating on IndusInd Bank, awaiting audit clarity. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NuhOl...

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Sensex back above 77k, up 4,000 pts from tariffs low

Indian stock markets experienced a third consecutive day of gains, with the Sensex climbing 0.4% and the Nifty rising 0.5%. Investor confidence was bolstered by positive local factors, including expectations of a strong monsoon and potential interest rate cuts. Bank stocks led the rally, fueled by a drop in retail inflation to a five-year low, overshadowing global trade war concerns. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.t...

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Gold records new high at Rs 98K, soaring more than Rs 1,500 in one day

Gold prices have soared to unprecedented levels, reaching Rs 98,100 per 10 grams in the national capital, fueled by escalating trade tensions between the US and China. This surge is further supported by a weakened US dollar and positive outlooks from major banks, citing inflows into gold-backed ETFs and sustained central bank buying. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DHqn2...

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IndusInd Bank: Hit to net worth pegged at Rs 2k crore

IndusInd Bank disclosed that an external review quantified the impact of discrepancies in its derivatives portfolio, resulting in a Rs 1,979 crore hit to its net worth as of June 2024. This translates to a 2.27% reduction by December 2024. Following initial reports of derivative losses, the bank's stock experienced significant volatility, although it rallied nearly 7% on Tuesday. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/mA...

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Bank stocks on a surge: IndusInd bank led the rally with over 6%

Banking stocks rallied, leading market gains, fueled by anticipated interest rate cuts and positive investor sentiment. IndusInd Bank led the surge, followed by other private and public sector lenders. SBI's lending rate cut and deposit rate reductions across the sector are expected to boost loan demand and credit offtake. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Zancz...

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Gold touches life time high at Rs 96,450, silver settles at 2,500

Gold prices in Delhi climbed, matching last week's record high. Silver also surged due to industrial demand. International markets saw gold increase, while silver dipped slightly. Investors are watching US trade policy and upcoming statements from the US Federal Reserve and European Central Bank. Market observers are awaiting for Thomas Barkin and Christine Lagarde speeches. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Bwi3P...

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SBI trims FD rates by 10bps after RBI cut

Following the RBI's rate cut, SBI has reduced its deposit rates by 10 basis points across select tenors, while keeping MCLR-linked lending rates unchanged. The EBLR, linked to the repo rate, has been reduced by 25 basis points, lowering home and personal loan interest rates. Other banks are expected to follow suit, with HDFC Bank already cutting savings account rates. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nEOTF...

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What next? Dalal Street seeks direction amid tariff chaos

Dalal Street faces a truncated trading week influenced by tariff developments, US bond yields, FPI activity, and corporate earnings. Volatility is expected to persist despite potential easing in the US-China trade war. Investors will closely monitor Infosys, Wipro, HDFC Bank, and ICICI Bank results after TCS's underwhelming performance, alongside commodity market trends, particularly Goldman Sachs' revised gold price target. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business...

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How Mehul Choksi plans to fight extradition to India from Belgium

Fugitive diamond merchant Mehul Choksi, wanted in India for allegedly defrauding Punjab National Bank (PNB) of nearly Rs 14,000 crore, has been arrested in Belgium. His legal team is contesting extradition, citing the case's political nature and Choksi's poor health, including cancer treatment and PTSD from a prior alleged kidnapping. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ieRUp...

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PNB bank loan 'fraud' case: Fugitive businessman Mehul Choksi arrested in Belgium

Fugitive diamond merchant Mehul Choksi, wanted in the Rs 14,000-crore Punjab National Bank fraud, has been arrested in Belgium based on India's extradition request. He is accused of colluding with bank officials to fraudulently obtain financial instruments, causing significant losses. Choksi's legal team is preparing to challenge the extradition, citing his medical condition as a key factor. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https...

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Stock Markets closed on April 14 for Ambedkar Jayanti

Indian stock exchanges will be closed on Monday for Dr BR Ambedkar Jayanti. Last week, the markets closed positively, recovering from an initial decline triggered by US-China tariff concerns. Investors are now awaiting corporate earnings reports from major companies like Wipro, Infosys, HDFC Bank, and ICICI Bank in the holiday-shortened week. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/g0aWU...

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