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Sensex succumbs to uncertainty over Trump's tariff plans; Zomato slumps over 10%
VCCircle
ยท
6m ago
Medial
India's stock market declined due to concerns over U.S. President Donald Trump's trade policies, with the Nifty 50 and BSE Sensex dropping significantly. Trump's proposed tariffs on countries like India caused market volatility, affecting investor confidence. Major sectors faced losses, with smallcaps and midcaps dropping approximately 2.3%. The uncertainty impacted foreign investments, prompting $6.7 billion in stock and bond sales by foreign investors. Zomato's shares fell sharply, while Apollo Hospitals experienced gains.
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Bitcoin is down 10% since Donald Trump's global tariff announcement
Economic Times
ยท
4m ago
Medial
Following President Donald Trump's global tariff announcement, Bitcoin's value plummeted by 10%, dropping below $78,000. Initially celebrated by the crypto industry, Trump's presidency has coincided with Bitcoin's crash despite his efforts to bolster the industry, such as appointing favorable regulators and signing an executive order to create a government Bitcoin stockpile. This drop reflects Bitcoin's market sensitivity, influenced by broader economic conditions, and highlights investor concerns amid tariff-induced uncertainty.
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US tariff flip-flop hurts Sensex, Nifty for second week
VCCircle
ยท
3m ago
Medial
India's benchmark equity indexes, Sensex and Nifty, fell for the second week amid uncertainty from U.S. trade policy shifts under President Trump. Despite this, markets eased some losses after Trump's 90-day tariff pause, excluding China. Concerns over the U.S.-China trade war further impacted markets, with several sectors, including real estate, metals, and IT, declining. Heavyweight financials and IT stocks saw reductions, with IT firms affected by fears of a potential U.S. recession impacting earnings.
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What Trump's Apple threat means for India's tariff negotiations
Economic Times
ยท
2m ago
Medial
President Trump's tariff changes have impacted India's trade negotiations with the U.S. Despite facing a 26% tariff, India initially saw an opportunity due to higher tariffs on China and other Asian countries. However, Trump's evolving tactics, especially regarding Apple's manufacturing shift to India, have complicated matters. Trump's suggestion for Apple to produce in the U.S. adds uncertainty, yet Indian officials believe this may be a bargaining tactic rather than a definitive threat to their growing manufacturing edge.
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Investment decision for US may be delayed due to lack of clarity over tariffs: Tata Technologies
Economic Times
ยท
4m ago
Medial
Tata Technologies CEO Warren Harris indicates investment decisions in the US may be delayed due to unclear tariff policies under President Trump's administration. Despite being hopeful for policy clarity soon, this uncertainty affects their customers' investment plans. Harris emphasizes the need for agility and flexibility in adapting to varying market conditions globally. Tata Technologies remains aligned with free trade and is focusing on software innovation and client integration to navigate future industry opportunities.
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New-age tech stocks see a muted week as broader market slumps; CarTrade emerges biggest gainer
Inc42
ยท
1y ago
Medial
During the week, the Sensex and Nifty50 both declined over 1% each, while the Indian new-age tech stocks also saw a slump. Drone startup ideaForge was the biggest loser, with its shares dropping by 6.6%. However, Zomato, PB Fintech, Delhivery, RateGain, EaseMyTrip, Fino Payments Bank, Mamaearth, and CarTrade Technologies were among the gainers. The upcoming week is expected to be significant, with heavyweights releasing their Q3 earnings and the Union Budget and US Fed policy announcements taking place.
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Sensex and Nifty slump, investors poorer by Rs 7.46 lakh Cr
YourStory
ยท
5m ago
Medial
The Sensex and Nifty indices experienced significant drops on Friday, influenced by global market trends and new tariff announcements from the U.S. President. Investors lost around Rs 7.46 lakh crore due to the morning market decline. Major losers included IndusInd Bank and Tech Mahindra, while Axis Bank and Reliance Industries saw gains. Global markets in Asia also suffered losses, and foreign investors sold equities worth Rs 556.56 crore. Uncertainty stemming from tariff issues affected market sentiment.
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Markets rebound as global stocks hit new record highs
Inshorts
ยท
2m ago
Medial
Indian markets closed higher after a three-day decline, tracking global rallies as stocks worldwide touched record highs. The Sensex gained 260 points, while the Nifty rose 77. Meanwhile, the rupee continued to weaken, and Ola Electric saw Hyundai and Kia trim stakes. Global cues remain strong amid trade uncertainty and US tariff deadlines set by President Trump.
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Major China-listed Apple suppliers including Luxshare, Goertek fall after Trump's tariff threats
Economic Times
ยท
2m ago
Medial
Major China-listed Apple suppliers, such as Luxshare, Goertek, and Lens Tech, experienced a sharp decline after U.S. President Donald Trump threatened to impose a 25% tariff on imported iPhones. This development was a result of Trump's warning on Friday to intensify the trade war with China. The potential levy on iPhones purchased by U.S. consumers caused significant market uncertainty for these suppliers.
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Sensex erases post-tariff losses as Trump signals exemptions
VCCircle
ยท
3m ago
Medial
Indian shares rallied as U.S. President Trump hinted at tariff exemptions, allowing the Sensex and Nifty to recover losses. Financials and electronics rose, with HDFC Bank, Dixon Technologies, and Tata Motors gaining significantly. Trump's exemptions on electronics and auto sectors boosted market sentiment. Indian indexes outperformed their Asian counterparts due to lower U.S. export dependence and anticipated earnings recovery. Small and midcap stocks also gained, presenting selective investment opportunities.
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Trumpโs warm embrace of India turns cold
Livemint
ยท
6d ago
Medial
President Trump's relationship with India has deteriorated as he plans to impose a 25% tariff on the country and an unspecified penalty for its association with Russia. Initially, Trump praised India as a strategic ally, but trade disputes and India's ties with Russia have strained relations. Despite lingering value in the U.S.-India partnership, concerns over trade and disagreements about Trump's role in mediating recent India-Pakistan tensions have further complicated the diplomatic landscape.
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