Month: April 2025

[ad_1] MUMBAI: Led by a significant rally in bank stocks, Dalal Street experienced a strong upsurge on Monday. The sensex reclaimed the 79K level, while the Nifty rose above the 24K mark, both after more than four months. The BSE bankex rallied over 2% to a new all-time high during the day’s session.The rally was driven by investors’ perception that, with a relatively smaller export share in global trade and a large domestic market, India could emerge mostly unscathed from the current global trade war, market players said. Banking stocks gained due to several tailwinds, such as the RBI’s liquidity infusion measures, a falling inflation rate, and expectations of an above-normal monsoon, combined, analysts noted.However, the sustainability of the rally on Dalal Street was clouded by evening after US markets opened deep in the red, anticipating a clash between US […]

[ad_1] SAN FRANCISCO: Finance minister Nirmala Sitharaman said India is "actively engaging" with the new US administration and hopes to conclude the first tranche of the bilateral trade agreement "positively" by fall (Sept-Oct) this year. "We are one of the countries, which is actively engaged with the new administration of the United States of America to see how best we can get a bilateral trade agreement done," she said during an interaction with the Indian diaspora here. Earlier this year, US President Donald Trump and Prime Minister Narendra Modi agreed to launch talks for a bilateral trade deal, amid the lurking fear of reciprocal tariff being imposed by Washington."Equally, the priority that we gave to engage with the govt here is more than obviously seen with the Prime Minister himself visiting the United States in Feb. You had the commerce […]

[ad_1] Bitcoin rebounded, reaching its peak level since Trump's "Liberation Day" tariff declarations, whilst the dollar weakened due to growing concerns about the US president's attempts to dismiss Federal Reserve Chairman Jerome Powell.The premier cryptocurrency's value increased approximately 3 per cent to exceed $87,600 on Monday morning in Singapore, as Bloomberg's data indicated. This recovery nearly reversed the decline experienced following Trump's April 2 reciprocal tariff announcement, which had caused widespread market disruption.The upward movement occurred alongside declining dollar values and US stock-index futures on Monday, following presidential criticism of the Federal Reserve that sparked worries about its autonomy. The dollar index fell to its lowest since January 2024 after National Economic Council Director Kevin Hassett revealed Trump's investigation into his authority to dismiss Powell.Bitcoin's upward trend coincided with gold's advancement to a new record, demonstrating investors' preference for assets […]