On the institutional activity front, FIIs net sold shares worth ₹4,994.24 crore, while DIIs net bought equities of ₹3,097.24 crore, on April 8.
As of 6:36 AM, GIFT Nifty futures were down 1,006 points, at 21,952, compared to the previous close of Nifty futures at 22,958.15, signaling a gap-down start for Indian markets
Asian shares nosedived on Monday after the meltdown Friday on Wall Street over US President Donald Trump's tariff hikes and the backlash from Beijing. US futures also signaled further weakness. The future for the S&P 500 lost 4.2% while that for the Dow Jones Industrial Average shed 3.5%. The future for the Nasdaq lost 5.3%. Tokyo's Nikkei 225 index lost nearly 8% shortly after the market opened and Australia's S&P/ASX 200 tumbled more than 6%. South Korea's Kospi lost 4.4%. Oil prices sank further, with US benchmark crude down 4%, or $2.50, at $59.49 per barrel. Brent crude, the international standard, gave up $2.25 to $63.33 a barrel. On Friday, Wall Street's worst crisis since COVID slammed into a higher gear. The S&P 500 plummeted 6% and the Dow plunged 5.5%. The Nasdaq composite dropped 5.8%. The losses came after China matched President Donald Trump's big raise in tariffs announced last week, upping the stakes in a trade war that could end with a recession that hurts
Asian markets retreated Friday after Wall Street shuddered with a level of shock unseen since the COVID-19 impact tore on Trump's latest set of tariffs' damage on the world's economy. Futures for U.S. stocks and the oil prices declined. Tokyo's Nikkei 225 lost 2.6% to 33,818.18, and Korea's Kospi fell 0.8% to 2,467.14 after the two countries pivoted to negotiating lower tariffs with Trump's administration. Australia's S&P/ASX 200 dropped 1.9% to 7,713.60. Chinese markets were closed for a holiday. Trump announced a minimum tariff of 10% on imports, with the tax rate running much higher on products from certain countries like China and those from the European Union. It's plausible the tariffs altogether, which would rival levels unseen in roughly a century, could knock down US economic growth by 2 percentage points this year and raise inflation close to 5%, according to UBS. Such a hit would be so big that it makes one's rational mind regard the possibility of them sticking as low,
In the previous session, Sensex gained 592.93 points (0.78 per cent) to close at 76,617.44, while Nifty50 rose 166.65 points (0.72 per cent) to settle at 23,332.35
Asian markets and US futures tumbled Thursday following US President Donald Trump's announcement of big increases in tariffs on imports of goods from around the world. Tokyo's Nikkei 225 index dipped more than 3.4 per cent, but recovered slightly. It was down 2.9 per cent at 34,699.52. Trump said he was imposing a 24 per cent reciprocal tariff on Japan, one of the United States' closest allies. South Korea, also an ally, was hit with a 25 per cent tariff. Its benchmark Kospi slumped 1.9 per cent soon after the opening, to 2,459.30. In Australia, the S&P/ASX 200 fell 1.8 per cent to 7,793.10. The future for the S&P 500 dropped 3% while that for the Dow Jones Industrial Average lost 2 per cent, auguring potential losses when US markets reopen on Thursday. On Wednesday, US stocks whipped through another dizzying day before Trump's unveiling of his Liberation Day tariffs. The S&P 500 rose 0.7 per cent to 5,670.97 after careening between an earlier loss of 1.1 per cent and a ...
Stock Market Highlights: In the broader market, the BSE MidCap advanced 0.8 per cent, while the SmallCap ended unchanged. Overall breadth was negative on the BSE.
These moves are explained by what economists call the impossible trinity, the idea that countries can't simultaneously control their currencies
The official said potential Chinese buyers were "very interested" in initial conversations, adding that "demand will decide how these flows are redirected"
Bitcoin, the world's largest cryptocurrency by market value, shot up more than 11 per cent to $94,110, while ether, the second-largest cryptocurrency, climbed 14 per cent to $2,528
From Donald Trump's tariff imposition to continued FII selling, here are key reasons for the market crash on February 11, 2025
Markets Today Highlight: Broader markets also mirrored benchmarks, with Nifty Midcap100, and Nifty Smallcap100 ending down by 1.26 per cent and 0.30 per cent, respectively
In the previous session, Sensex dropped 312.53 points, or 0.40 per cent, to close at 78,271.28, while Nifty50 ended lower by 42.95 points, or 0.18 per cent, at 23,696.30
But alarm about U.S. import tariffs planned by President Donald Trump has driven Comex futures prices substantially above spot prices in recent months, creating a lucrative arbitrage opportunity
Markets Today Highlights: Smallcap shares were among the top laggards in broader markets, with the Nifty Smallcap100 index ending down by 2.13 per cent
Trump slapped Canada and Mexico with duties of 25 per cent and China with a 10 per cent levy at the weekend, as he had threatened last month, calling the measures necessary
Markets Today LIVE: Markets in Indian are poised to open with an upside, amid firm global cues, as investors track the start of the Budget session with the presentation of the Economic Survey today
Markets Today Highlights: The broader markets outperformed the benchmarks, with smallcap shares leading the charge as the Nifty Smallcap100 index settled higher by 3.32 per cent
Markets Today Highlights: Banking stocks stole the show in the sectoral markets, with Nifty Bank, PSB, and private bank indices each ending higher by over 1 per cent
Markets Today Crash Highlights:Broader markets also mirrored the benchmarks as the Nifty Smallcap100 and Nifty Midcap100 indices ended down by 3.84 per cent and 2.75 per cent, respectively