Stock market today: Nifty50 below 24,700; BSE Sensex recovers from lows, down over 200 points as Donald Trump’s 50% tariffs hit India

Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in opening trade on Thursday a day after 50% US tariffs came into effect on India, but recovered in mid-day trade. While Nifty50 was below 24,700, BSE Sensex was over 200 points down. At 11:05 Am, Nifty50…

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Gold & silver price prediction today: Gold rate exhibiting bullish trend – what’s the outlook and should you buy or sell?

Gold price prediction: The bullish sentiment in gold is supported by both technical and fundamental factors. (AI image) Gold and silver price prediction today: Gold prices are likely to continue their bullish trend in the near term, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. The analyst also believes that the…

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Rug pulled from under carpet industry

Varanasi: With the American market accounting for almost 60% of India’s carpet exports of Rs 16,000 crore, amounting to nearly Rs 9,600 crore, the tariff hike is making the industry sweat, reports Rajeev Dikshit. Already, 85% of orders from US buyers have been put on hold.The sector is now looking towards govt for relief as…

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Jobs in industries rise by 5.9% in 2023-24: Survey

New Delhi: Employment in industries rose by a healthy 5.9% in 2023-24 to over 1.9 crore from 1.8 crore in the previous year, a survey showed on Wednesday. Meanwhile, the gross value added grew by 11.9% in current prices in the year 2023-24 compared to 2022-23.The ministry of statistics and programme implementation (MoSPI) released the…

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Trumps tariffs ‘wake-up call’: Amitabh Kant sees US duties as opportunity; urges bold reforms & efficiency

Former Niti Aayog CEO Amitabh Kant said India should view the US tariff hike as a wake-up call to implement bold and once-in-a-generation reforms while diversifying its export markets for long-term growth.Addressing the BN Memorial Lecture organised by IRS (C&IT) Association, Kant said, “This is India’s century, irrespective of Trump’s tariff, I strongly believe that…

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Trade war: India-US trade negotiations crucial, says finance ministry; warns secondary, tertiary effects of tariffs pose challenges

NEW DELHI: The finance ministry on Wednesday cautioned that while the immediate impact of US tariffs on Indian exports may be limited, their secondary and long-term effects could pose significant challenges. The remarks come as Washington’s 50% duties on Indian goods took effect from August 27, covering exports worth over $48 billion. India To Divert…

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At Cabinet meet, PM asks ministers to encourage people to buy Swadeshi products

NEW DELHI: PM Narendra Modi on Wednesday reiterated the need to focus on self-reliance and ‘vocal-for-local’ while chairing the cabinet meeting. He also said India is ready to face all challenges and asked ministers to encourage and motivate people to buy more ‘Made in India’ products, TOI has learnt.The PM’s remarks gain significance as the…

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