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Stock market today: The Indian stock market surged on Friday after the Reserve Bank of India (RBI) cut the repo rate by a sharper-than-expected 50 basis points, bringing it down to a three-year low of 5.5% to support slowing economic growth.Recovering from early losses, Nifty50 crossed the 24,900 mark by 11:15 am, while BSE Sensex climbed 723 points to 82,165.40.Earlier in the day, both indices had opened in the red ahead of the RBI’s policy announcement. At 9:18 am, Nifty50 was trading 20 points lower at 24,731.05, while BSE Sensex was down 136 points at 81,306.31.The RBI’s rate cut comes as a move to stimulate economic growth, which has dipped to a four-year low of 6.5% in FY25. The reduction in the key lending rate is expected to ease borrowing costs for home, auto, and business loans, offering relief to consumers and corporates alike.Analysts expect markets to consolidate with a positive bias, supported by global cues, macroeconomic data, and ongoing US-India trade discussions.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Uncertainty, which has been looming large on the global economic horizon, has spiked with the open spat between President Trump and Elon Musk. This unprecedented clash between two of the world’s most powerful and mercurial personalities will have its consequences on the policies of the US administration. Chinese restrictions on exports of rare earth minerals and magnets, in response to the reciprocal tariffs imposed by US, have already started impacting the EV automobile industry. Important US data like US ISM PMI and jobless claims indicate that the US economy is slowing down. US is likely to end 2025 with a GDP growth of mere 1%.”US equity indices declined on Thursday in volatile trading, with Tesla’s downturn overshadowing positive developments in trade discussions between US President Donald Trump and Chinese leader Xi Jinping.Asian shares traded mostly higher as investors awaited a crucial update on the US job market, which could provide fresh signals on the health of the world’s largest economy.Gold prices advanced on Friday and were set for weekly gains, as disappointing US economic indicators strengthened demand whilst a weakening dollar provided additional support. Investors remained focused on upcoming US payroll figures for insights into the Federal Reserve’s policy decisions.FPIs recorded net sales of Rs 208 crore on Thursday, whilst DIIs emerged as net purchasers with Rs 2,382 crore. FIIs’ net short position in futures trading increased to Rs 1.06 lakh crore on Thursday from Rs 1.02 lakh crore on Wednesday.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
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Costume Designer Amritha Ram on designing Kamal Haasan’s unconventional look in ‘Thug Life’: ‘He’s always done what others don’t’ – Exclusive | Tamil Movie News
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Costume Designer Amritha Ram on designing Kamal Haasan’s unconventional look in ‘Thug Life’: ‘He’s always done what others don’t’ – Exclusive | Tamil Movie News
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[ad_1] In a groundbreaking discovery, researchers have uncovered 160-million-year-old blue-stain fungi fossils from the Jurassic Tiaojishan Formation in China. The new findings offer fresh insights into the ecological relationships between blue-stain fungi, plants, and insects during the Jurassic period. These fungi are generally nonfatal to their hosts but often accelerate tree mortality when associated with wood-boring insects.According to ScienceDaily, a Chinese team of scientists highlights the discovery of well-preserved blue-stain fungal hyphae within Jurassic fossil wood from northeastern China, pushing back the earliest known fossil record of this fungal group by approximately 80 million years.Know about the blue-stain fungi, deadly to treesBlue-stain fungi are known for their ability to colonize wood, particularly in conifer trees, causing characteristic discoloration in the sapwood. While these fungi do not decompose wood, they often cause considerable damage when associated with wood-boring insects. Their role […]
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[ad_1] Multiple Waymo taxis burn near the Metropolitan Detention Center of downtown Los Angeles, following last night's immigration raid protest. (Video credit: X) For the third night in a row, downtown Los Angeles became the epicentre of chaos and confrontation as protests against US President Donald Trump's immigration crackdown boiled over into violence, with police deploying tear gas, rubber bullets, and flashbangs to subdue demonstrators. Protesters set self-driving cars ablaze, blocked the 101 freeway, and clashed with law enforcement late into Sunday night, leaving parts of the city scorched and on edge.The flashpoint came after Trump took the extraordinary step of deploying the National Guard to California without the consent of the state's governor, an act not seen in decades. More than 300 troops arrived over the weekend, with 2,000 authorised and 500 US Marines on standby.Meanwhile, California governor Gavin […]
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