Brief by Shorts91NewsDesk / 09:21am on 07 Apr 2025,Monday Business
On April 7, 2025, Indian stock markets faced a significant downturn due to escalating global trade tensions following U.S. President Donald Trump's imposition of broad tariffs. The BSE Sensex plummeted by 3,291.95 points to 72,073.14, and the NSE Nifty50 dropped 1,058.30 points to 21,846.15, marking their lowest levels in approximately ten months. This sharp decline erased nearly ₹19 lakh crore from the market capitalization of BSE-listed firms. All 13 major sectoral indices traded in the red, with small-cap and mid-cap indices declining by 10% and 7.3%, respectively. Analysts attribute this volatility to uncertainties surrounding the newly imposed tariffs and advise investors to exercise caution amid the turbulent market conditions. (PC: News18)
Brief by Shorts91NewsDesk / 07:36am on 07 Apr 2025,Monday Business
Despite the U.S. imposing a 26% tariff on Indian imports, Indian officials maintain that the nation's economic growth target of 6.3%-6.8% for the 2025/26 fiscal year remains achievable, provided oil prices stay below $70 per barrel. Conversely, private economists, including those from Goldman Sachs, have reduced their growth forecasts by 20-40 basis points, anticipating a 6.1% growth rate. The diamond industry, heavily reliant on the U.S. market, faces significant challenges, potentially jeopardizing thousands of jobs. The government is evaluating support measures for affected export sectors, such as extending interest subsidies and enhancing bank credit. Officials assert that India's core fiscal parameters will remain stable, opting for diplomatic negotiations over retaliatory actions. (PC: Reuters)
Brief by Shorts91NewsDesk / 07:29am on 07 Apr 2025,Monday Business
The Indian stock market has witnessed a significant downturn, eroding approximately ₹20 lakh crore from investors' wealth. This decline is attributed to weak U.S. job data, sparking recession fears, and sharp plunges in global markets, notably Japan. The BSE Sensex tumbled 2,222.55 points (2.74%) to settle at 78,759.40. This downturn has led to reduced consumer spending and poses risks to economic growth, with sectors like auto sales experiencing notable declines. Analysts caution that prolonged market slumps could deter retail investments, further impacting the economy. (PC: The Tribune)
Brief by Shorts91 Newsdesk / 06:23am on 07 Apr 2025,Monday Business
Indian markets are bracing for a steep fall as Gift Nifty signals a 3%+ decline, mirroring a global stock meltdown. President Donald Trump defended his aggressive new tariffs as "medicine" to fix trade imbalances, but markets reacted sharply. Asian shares plunged—Japan’s Nikkei dropped 8.8%, Hong Kong’s Hang Seng 8%, and China’s CSI300 4.5%. US equity futures extended losses, with Nasdaq falling 5.3%. South Korea, Singapore, Malaysia, and Taiwan also reported sharp declines. With global recession fears growing, Sensex and Nifty 50 are set to face a Black Monday, reflecting widespread investor panic over the deepening US-China trade conflict. (PC: Reuters)
Brief by Shorts91 Newsdesk / 04:59am on 07 Apr 2025,Monday Business
Asian markets plunged on Monday after former US President Donald Trump announced sweeping new tariffs, triggering fears of a global economic shock. Japan’s Nikkei 225 dropped 6.5%, Taiwan nearly 10%, and Singapore 8.5%. US futures also pointed to heavy losses, with oil dipping below $60/barrel. Trump defended the tariffs, saying, “Sometimes you have to take medicine to fix something.” China retaliated with 34% tariffs on US goods. Over 50 countries, including Vietnam and Israel, are seeking tariff negotiations. Britain’s PM Keir Starmer warned the old global order is ending, while economists fear rising consumer prices and prolonged market turbulence. (PC: Getty Images)
Brief by Shorts91 Newsdesk / 04:48am on 07 Apr 2025,Monday Business
India's stock markets suffered a massive blow on Monday as Trump’s new tariffs triggered global turmoil. The Sensex plunged 2,564.74 points to 72,799.95, while Nifty fell 831.95 points to 22,072.50 — their lowest levels in 10 months. Experts cited extreme global volatility and advised caution. All 13 sectoral indices ended in the red, with Tata Steel dropping 11.25%. Rs 19 lakh crore was wiped off BSE market value. Global indices also plunged; MSCI Asia ex-Japan fell 6.8%. Analysts believe India may remain relatively insulated due to low US export dependence and ongoing trade negotiations with Washington. (PC: India Today)
Brief by Shorts91NewsDesk / 04:20am on 06 Apr 2025,Sunday Business
Jaguar Land Rover (JLR), owned by Tata Motors, has temporarily paused shipments of its UK-manufactured vehicles to the United States for one month. The move follows a new 25% tariff on imported cars and light trucks implemented by the Trump administration, effective April 3, 2025. The U.S., a key market for JLR, accounts for nearly a quarter of its annual sales—about 400,000 vehicles. The suspension allows JLR to assess financial impacts and adjust its trade strategies. Meanwhile, the UK government is working to secure a trade agreement with the U.S. to reduce long-term disruption. (PC: BBC)
Brief by Shorts91NewsDesk / 01:15pm on 05 Apr 2025,Saturday Business
Indian Commerce & Industry Minister Piyush Goyal recently criticized startups for focusing on quick commerce services, suggesting they emulate China's advancements in high-end technology. Zepto's CEO Aadit Palicha responded, highlighting that Zepto has created 150,000 jobs and contributes significantly in taxes. He emphasized the role of consumer internet startups in driving innovation and attracting substantial foreign direct investment. Other industry leaders, including Mohandas Pai, also defended the startup ecosystem, urging the government to provide more support for deep-tech ventures. This debate underscores the tension between governmental expectations and the strategic directions of India's burgeoning startup sector. (PC: The Tribune)
Brief by Shorts91NewsDesk / 05:46am on 05 Apr 2025,Saturday Business
On April 5, 2025, the United States officially began collecting a sweeping 10% "baseline" tariff on nearly all imported goods, a key part of former President Donald Trump’s revived trade agenda. The policy dismantles decades of global trade norms and introduces retaliatory "reciprocal" tariffs—up to 50%—on 57 countries, including 20% on EU goods and 34% on Chinese imports, starting next week. Global markets reacted sharply, losing $5 trillion in S&P 500 value. While Canada and Mexico are exempt, other nations face a 51-day grace period for goods in transit and limited product exemptions. (PC: The Hindu Business Line)
Brief by Shorts91 Newsdesk / 02:59pm on 04 Apr 2025,Friday Business
US stock markets plunged on Thursday as China hit back against Donald Trump’s new tariffs with a 34% tax on American goods, escalating trade tensions. The Dow Jones and S&P 500 fell 2.7% and 3.1% respectively, while the tech-heavy Nasdaq dropped 3.3%, entering bear territory—20% below its December peak. European markets also suffered, with London, Berlin, and Paris indexes down over 3%. Trump claimed, "China played it wrong, they panicked." Analysts warn of further volatility as global investors react to the deepening trade conflict. The full impact on US industries and global supply chains remains uncertain as markets brace for more shocks. (PC: Getty Images)