Trade Financial News

Bank of Canada governor Tiff Macklem warns the Canadian economy will not be able to bounce back from a protracted trade war with the United States, as the impact from the trade disruptions will be structural in nature.

National Grid Plc agreed to sell its U.S. onshore renewables business to Brookfield Asset Management for US$1.7 billion after United States President Donald Trump vowed to curb the growth of green electricity.

Bank of England on Monday reappointed Indian economist Dr. Swati Dhingra to its Monetary Policy Committee (MPC) until 2028. Her renewed tenure comes as an extension of her initial appointment on May 12, 2022, and she will now hold the position until August 8, 2028.

Warren Buffett has reassured investors that with Berkshire Hathaway's record cash holdings, he has planned to deploy the funds in one major emerging market, as per a report.

Investor Behaviour Index (IBI) 2025, released by StockGro in collaboration with 1Lattice, 45% of Indians under 35 now prefer stocks as their primary investment choice “Notably, 45% of young Indians (under 35) now prefer stocks as their primary investment choice, signaling a shift towards direct equity investments over traditional savings instruments. This preference is driven by increased financial awareness, improved access to investment tools, and a growing appetite for long-term wealth creation,” said a press release by StockGro.

Ministry of Commerce and Industry on Monday said India and the United Kingdom have resumed negotiations towards a trade deal between the two countries.

The NSE Nifty index ended the session 242.56 points down at 22553.35, while BSE Sensex fell 856.65 points to 74454.41.

These high-performing stocks that rallied more than 10% during the session included, Apollo Pipes (13.65%), Kimia Biosciences(13.60%), Trio Mercantile(13.40%), Medi-Caps Ltd(12.30%), Indian Hume Pipe(12.09%), Sonal Mercantile(11.78%), Brand Concepts(11.50%), DIC India Ltd(10.35%), ETT Ltd(10.14%) and Sanrhea Tech(10.00%).

Pi Network officially launched its Open Mainnet on February 20, 2025, transitioning from a closed ecosystem to full decentralization. The launch triggered significant price fluctuations, with Pi Coin surging to $1.97 before plunging to $0.737, then rebounding 80% to $1.29. As of February 24, 2025, it trades at around $1.55, with a 24-hour trading volume exceeding $1.18 billion.

Ankur Warikoo, an entrepreneur, content creator and author, in a social media post highlighted India's contrasting realities: Some struggle with losses in stock market trading, while others steadily grow wealth through SIPs. This duality fuels both optimism, Warikoo said. He also gives another example: One side lost in mindless scrolling, while the other builds startups.

Subscribe to enjoy similar stories. On India’s Independence Day of 1971, US president Richard Nixon announced to the world that America was unhitching from the gold standard. This unilateral action spelt the end of the 1944-instituted Bretton Woods system, which had been set up in the wake of World War II to stabilize international finance and encourage global trade.

Natco Pharma Ltd.(up 2.52 per cent), Glenmark Pharmaceuticals Ltd.(up 1.95 per cent), Laurus Labs Ltd.(up 1.73 per cent), Granules India Ltd.(up 1.56 per cent) and Dr. Reddy's Laboratories Ltd.(up 1.22 per cent) were among the top gainers.

«So, there is uncertainty. I definitely agree. And as you said that there is de-globalisation, there is a tariff threat which is there,» says Milind Karmarkar, Dalal & Broacha. Last time when we met, there were excesses. There were excesses in the small and the midcaps. There were excesses on the upside, but are there excesses on the downside now? Milind Karmarkar: So, it is like this. Yes, the market has corrected and normally, whenever the market corrects, it corrects very viciously and that is what has happened. How long it will continue, I really do not know. But do I see upside from here? Yes, I do see an upside. And this is not the end of the bull market, as you say. There is a lot more still going to happen. And as I think Templeton has said, I do not remember, that whenever there is blood on the street and even if it is your own blood, that is the time to buy, so that I think will answer the question.

IPO of HP Telecom India was subscribed 51% as of 10:21 AM on the final bidding day, Monday. The IPO opened for bidding on February 20, 2025, and closes on February 24, 2025. The retail portion of the issue was subscribed by 44%, while the issue was subscribed by 58% in the non-institutional investors category on the final day of bidding.

Pfizer zoomed 8.6% to a high of Rs 4,448.35 on the BSE today after the company on Friday announced that it has entered into a marketing and supply agreement with Mylan Pharmaceuticals. This agreement is regarding the sales and marketing of two brands of the company (Pfizer), Ativan and Pacitane.

The NSE Nifty index traded 223.31 points down at 22572.6, while BSE Sensex was down 744.81 points at 74566.25 as of 11:18AM(IST)on February 24.

₹386 crore from anchor investors. Quality Power IPO, valued at ₹859 crore, has a price range between ₹401 and ₹425 per share.Quality Power IPO includes a new issue of equity shares amounting to ₹225 crore, along with an offer-for-sale (OFS) of 1.5 crore shares priced at ₹634 crore at the highest end of the price range.

ICICI Securities has a hold call on Utkarsh Small Finance Bank with a target price of Rs 26.The current market price of Utkarsh Small Finance Bank is Rs 27.1. Utkarsh Small Finance Bank, incorporated in 2016, is a banking company with a market cap of Rs 2970.82 crore. Utkarsh SFB, key products/revenue segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2024.

Ajay Bagga, Market Expert, says the market now predominantly favours long positions in gold, emerging market debt, US equities, and Chinese technology stocks. These four investment strategies are currently popular on a global scale, yet none appear to adequately account for the potential impact of Trump’s tariffs. Bagga says the market appears somewhat complacent. The true implications will likely become clearer in the next two to three months. April 1st is expected to be a crucial date, as it marks the beginning of announcements regarding the implementation of tariffs, followed by additional updates starting April 2nd. A lot of these news plays are flowing around with respect to the threat related to tariff, the emerging market flows etc. What is your view on the broader market space and any pockets of opportunity that you are spotting right now because though the consensus view or the buy is in the largecap space, does any niche pocket within the broader market look interesting to you? Ajay Bagga: Right now, no. I would say let us hold on for the broader markets right now. Overall if you see the global macro, what are the global bond markets telling you, what are the global currency markets telling you, stock markets are still complacent, they are not believing the Trump threats, the Trump strategy is to shock, then negotiate, then come to a deal which might be a one-tenth or one-twentieth of the original ask.

Navneet Munot, MD & CEO, HDFC AMC, says they have collaborated with all ecosystem partners, including KRAs, depositories, exchanges, and banks. Their efforts are focused on making this initiative sustainable, with the aim of encouraging individuals to maintain their Systematic Investment Plans (SIPs) over the course of several years. On Rs 250 per month SIPs Navneet Munot: Indian mutual fund industry has 5.3 crore unique investors. This number needs to multiply over the next several years and what we have tried to do today is to reduce the ticket size of the per month SIP, bringing it down to Rs 250 where every fund house will bring down the minimum ticket size of the SIP in certain funds to 250.