Trade Financial News

Returning to America, these ships carried prized Indian products: indigo dye and delicate silk. These imports reshaped American manufacturing, influencing textile production, dyeing methods and fashion trends. This historical exchange illustrates a timeless lesson: trade, at its core, fosters innovation and benefits both sides. Today, that spirit of cooperation is under strain. Donald Trump's administration has embraced protectionism, aiming to bring manufacturing jobs back to American shores through a policy called 'Fair and Reciprocal Plan'. Underpinning this policy is frustration over trade imbalances and unequal market access. As the White House recently highlighted, 'The US average applied tariff on agricultural goods is 5%. But India's average applied tariff is 39%. India also charges a 100% tariff on US motorcycles, while we only charge a 2.4% tariff on Indian motorcycles.' Such tariff disparities have soured economic relations, even as the US and India have grown strategically closer.

Sebi on Monday extended the deadline by a month to March-end for reporting differential rights issues by Alternative Investment Funds (AIFs). A one-time reporting requirement was set for AIFs that filed their Private Placement Memorandum (PPM) with SEBI on or after March 1, 2020, and issued differential rights outside the standard guidelines. This report was initially due by February 28, 2025. Following the requests for more time from the AIF industry, the deadline has been extended to March 31, 2025, the Securities and Exchange Board of India (Sebi) said in a circular.

XRP price testing the $3.00 resistance level after breaking several technical barriers. This surge comes amid speculation that the U.S. government’s Crypto Strategic Reserve could drive demand for key digital assets, including XRP, Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA).

Benchmark NSE Nifty closed 5.41 points down at 22119.3 amid selling in frontline bluechip counters.

Sikko Industries Ltd.(up 4.77%), Bohra Industries Ltd.(up 4.12%), Paradeep Phosphates Ltd.(up 3.66%), Madhya Bharat Agro Products Ltd.(up 2.41%), Chambal Fertilisers & Chemicals Ltd.(up 2.19%), National Fertilizers Ltd.(up 1.14%), Southern Petrochemicals Industries Corporation Ltd.(up 0.62%) and Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 0.37%) stood among the top gainers.

Nifty closed below 22,120 on Monday, extending its losing streak to nine consecutive sessions—its longest daily losing stretch since 2019—amid persistent global trade concerns that weighed on investor sentiment. The Sensex shed over 100 points, while declines in index heavyweights Reliance Industries and HDFC Bank kept a cap on gains.

currency's moves will depend on the news flow regarding U.S. tariffs and economic data, and the local central bank's reaction. The rupee ended at 87.3700 against 87.4950 in the previous session. The Indian currency dropped 1% in February, logging its fifth straight monthly loss.

Subscribe to enjoy similar stories. Being ‘not China’ may have been the easy part. A big manufacturing pitch in several Asian economies was that they enjoyed cordial relations with Beijing and solid historical ties to the US.

bear market, with the Nifty 50 down nearly 16% from its peak and smallcap and midcap stocks suffering their worst crash since 2020. But despite a 30-50% plunge in several hyped «narrative» stocks, valuations remain difficult to justify, brokerage Kotak Institutional Equities said. The brokerage said the broader market correction, exacerbated by the recent rout in smallcap and midcap stocks, has not translated into compelling investment opportunities. «We do not find value in most parts of the market despite the sharp correction across sectors and stocks. Flows have seen endless discussion among market participants but have proven (again) to be pointless to assess the market peak or correction,» Kotak Equities said.

IndiGo continued to dominate the market, expanding its share to approximately 65%, according to a report by domestic brokerage firm Motilal Oswal. Motilal Oswal highlights that IndiGo's domestic PAX stood at 9.5 million, reflecting a 20% YoY surge. Its domestic market share rose to 65.2%, gaining 490 bps YoY, highlighting its ability to capture demand effectively. In contrast, Air India Group’s market share was recorded at 27.7%, while SpiceJet held 3.2%.

CBAM will continue to trade under its current name for a short period «with a new name to be announced in due course», according to the company.  Similarly, CEO Eddy Reynolds and the rest of CBAM's executive committee will continue to lead the business with additional expertise provided by the team at Oaktree.  Close Brothers to sell wealth management arm to Oaktree Capital Management for £200m Reynolds explained that Oaktree's backing «will help us maintain and build on our growth strategy and support us in our aspiration to become the leading premium wealth manager in UK for both...

Piyush Goyal started on a trip to the United States on Monday to pursue trade talks, two government officials said, with weeks to go for President Donald Trump's planned reciprocal tariffs. Goyal's visit was sudden, as he departed after cancelling previously scheduled meetings until March 8, the officials said. He is also the minister for industry. India's trade ministry did not immediately respond to an e-mailed request for comment.

CLSA has upgraded its ratings on Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) to ‘High Perform’ from ‘Outperform’, citing robust loan growth, strong return on equity (ROE), and attractive dividend yields. The brokerage firm has also set a target price of Rs 525 for both REC and PFC, adjusting from their previous targets of Rs 590 and Rs 540, respectively.

Rana Sugars Ltd.(up 4.80%) and Mawana Sugars Ltd.(up 1.10%) were among the top gainers.

Bond villain lair in the rugged heights overlooking Damascus, the all-seeing eye of a notorious Syrian military unit gazed down on a city it bled dry. Many of the bases of the elite Fourth Division formerly run by toppled president Bashar al-Assad's feared younger brother Maher now lie looted. But papers left strewn behind reveal how the man they called «The Master» and his cronies wallowed in immense wealth while some of their foot soldiers struggled to feed their families and even begged on the streets.

ICICI Bank Ltd.(up 0.33 per cent) and Kotak Mahindra Bank Ltd.(up 0.22 per cent) were among the top gainers.

Trump revealed on social media that five cryptocurrencies—Bitcoin, Ether, XRP, Solana, and Cardano—would be part of the reserve, with Bitcoin and Ether at its core.

Natco Pharma Ltd.(up 3.12 per cent), Glenmark Pharmaceuticals Ltd.(up 1.03 per cent), Lupin Ltd.(up 0.57 per cent) and Sun Pharmaceutical Industries Ltd.(up 0.43 per cent) were among the top gainers.

NTPC Green Energy Ltd.(up 1.01%), Adani Green Energy Ltd.(up 0.90%), Adani Power Ltd.(up 0.52%), Hitachi Energy India Ltd.(up 0.17%) and India Power Corporation Ltd.(up 0.09%) were among the top gainers.

Subscribe to enjoy similar stories. 'Ticker’ is a weekly newsletter by Vijay L. Bhambwani. Subscribe to Mint's newsletters to get them directly in your email inbox. Dear reader, Last week, I wrote the markets were precariously poised as bulls appeared hesitant about lending aggressive buying support on dips.