Global Sell-off
Global markets sink as Trump stands firm on tariffs, trade tensions rise
Global markets plunged on Monday following last week's two-day meltdown on Wall Street, and President Donald Trump said he won't back down on his sweeping new tariffs, which have roiled global trade. Countries are scrambling to figure out how to respond to the tariffs, with China and others retaliating quickly. Trump's tariff blitz fulfilled a key campaign promise as he acted without Congress to redraw the rules of the international trading system. It was a move decades in the making for Trump, who has long denounced foreign trade deals as unfair to the US. The higher rates are set to be collected beginning Wednesday, ushering in a new era of economic uncertainty with no clear end in sight. Here's the latest: Chinese officials meet business representatives from Tesla and other US companies Chinese government officials met business representatives from Tesla, GE Healthcare and other US companies on Sunday. It called on them to issue reasonable statements and take concrete actions
 "Global markets sink as Trump stands firm on tariffs, trade tensions rise")
Sensex wipes off losses to close 268 pts higher; SBI surges 4%, BPCL 7%
Stock market highlights on February 14, 2024: Indian benchmarks Sensex and Nifty defied global market selloff, which came as US reported a hotter-than-expected rise in January retail inflation
 "Sensex wipes off losses to close 268 pts higher; SBI surges 4%, BPCL 7%")
Sensex sheds 106pts amid volatility; Tata Steel cracks 7%, HUL gains 3%
The BSE Midcap and Smallcap indices ended with heavy losses of over 2 per cent each. Debutant Rainbow Children's Medicare ended a steep discount of 17 per cent to its issue price.
 "Sensex sheds 106pts amid volatility; Tata Steel cracks 7%, HUL gains 3%")
Three reasons that triggered a 1,100 points fall in Sensex today
Record-high inflation levels, dented prospects of corporate profitability and likelihood of contraction in economic growth continue to batter equities.
 "Three reasons that triggered a 1,100 points fall in Sensex today")
Sensex tanks 2,702pts, ends below 55K; Nifty gives up 16,250; Brent at $105
Closing Bell: Benchmark indices clocked their biggest one-day fall since March 2020 as Russia invaded Ukraine, rattling global markets
 "Sensex tanks 2,702pts, ends below 55K; Nifty gives up 16,250; Brent at $105")
Broader indices fall 2%; Nifty Metal skids 6% on global growth concerns
The 30-share Sensex index declined 300 points, or 0.4 per cent, and closed at 55,329 levels on Friday while the Nifty50 index slipped ended at 16,451 levels, down 118 points or 0.7 per cent
 "Broader indices fall 2%; Nifty Metal skids 6% on global growth concerns")
Bond yields, US air strike: What dragged the Sensex 1,939 pts lower today
A rise in commodity prices has fanned inflation risks, pushing bond yields higher. That apart, the US launched airstrikes in Syria on Thursday, which further dented global mood
 "Bond yields, US air strike: What dragged the Sensex 1,939 pts lower today")
Zinc, aluminium at multi-year lows as coronavirus devastates commodities
Decline in silver over 3%, gold holds fort with a marginal loss
 "Zinc, aluminium at multi-year lows as coronavirus devastates commodities")
Global sell-off: Money managers advise investors to add debt funds
Domestic investors poured 1.48 trillion rupees ($23 billion) into stock funds in the first 10 months of the financial year
 "Global sell-off: Money managers advise investors to add debt funds")
Global market crash wipes out nearly $100 billion from the world's richest
Chairman Warren Buffett 's wealth dropped $3.5 billion and Facebook Inc.'s Mark Zuckerberg lost $3.4 billion
 "Global market crash wipes out nearly $100 billion from the world's richest")
