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interest rates steady. The Nasdaq Composite gained 0.3%, while the Dow Jones Industrial Average and S&P 500 both rose by 0.2%. This marked a continuation of Wednesday’s rally, which was fueled by Fed Chair Jerome Powell’s reassuring statements on inflation and recession risks. Despite prior concerns, Powell’s projection of two rate cuts later this year encouraged investor confidence.

Eight MPC members voted in favour holding the interest rate steady, while Swati Dhingra wanted to reduce the rate by another 0.25 percentage points. Last month, the MPC implemented a quarter point rate cut from 4.75% to 4.5%. Bank of England slashes interest rates by 25bps to lowest level in 18 months Today (20 March), the MPC said that since its previous meeting uncertainty surrounding global trade policy had intensified, with the US pushing with a series of trade tariffs on major trading partners.  «Other geopolitical uncertainties have also increased and indicators of financi...

Trading levels surged at the start of the year as inflationary fears and sluggish growth in the UK spooked investors. By 14 January, the 10- and 30-Year gilt yields had climbed 4.89% and 5.44% respectively, the highest levels since 2008. Quilter posts record profits for 2024 amid revenue growth in high net worth and affluent segments The spike in gilt yields and their subsequent moderation prompted Quilter WealthSelect to take profits from government bonds across the managed portfolio service and reduce exposure, using the proceeds to bolster cash levels and increase holdings in al...

He was asked the number of «looted or stolen artifacts» expected to be repatriated under US-India Cultural Property Agreement to prevent illicit trade of antiquities. «Cultural Property Agreement (CPA) has been signed with the United States of America (USA) to prevent smuggling of Indian antiquities. Agreement, being preventive in nature, has no timelines or target numbers. So far, 588 antiquities have been repatriated from USA, out of which 297 were received in 2024,» he stated. The Union minister was also asked whether the government plans to collaborate with international organisations or other nations to strengthen India's efforts in recovering stolen antiquities. «India collaborates with different international organisations, including UNESCO and INTERPOL, as per requirement. The CPA has provision for fostering cooperation and mutual understanding in the matters of technical assistance, illicit trade and pillage of cultural property,» he added.

Manappuram Finance said on Thursday investment firm Bain Capital would pick up an 18% stake in the gold loan provider for 43.85 billion rupees ($508 million). Bain Capital will make the investment through subscription to shares and warrants at 236 rupees apiece, implying a 30% premium over the six-month average trading price of Manappuram Finance.

Subscribe to enjoy similar stories. The Bank of England left its key interest rate unchanged, with major economies on both sides of the Atlantic confronting a nasty mix of faltering economic growth, rising inflation and President Trump’s trade threats. The BOE left the rate at 4.5% on Thursday, matching the Federal Reserve’s move a day earlier.

Gold of 99.5 per cent purity, which ended the previous session at Rs 91,500 per 10 grams, slipped by Rs 300 to Rs 91,200 per 10 grams on Thursday.

Shares of Bharat Forge Ltd.(up 5.14 per cent), Bajaj Auto Ltd.(up 2.57 per cent), Eicher Motors Ltd.(up 2.52 per cent), Hero MotoCorp Ltd.(up 1.71 per cent) and Exide Industries Ltd.(up 1.58 per cent) ended the day as top gainers in the pack.

Domestic benchmark index NSE Nifty ended 283.06 points up at 23190.65, while the BSE Sensex closed 899.01 points up at 76348.06.

Subscribe to enjoy similar stories. Governments in rich countries are set to issue a record $17 trillion in bonds this year as the higher cost of refinancing existing debts continues to push their interest bills higher, the Organization for Economic Cooperation and Development said Thursday.

Subscribe to enjoy similar stories. America’s prodigious wealth and power are founded on two pillars: universities and businesses. The first produces the ideas, research and training that have made the country a Mecca for the world’s best minds.

Nifty 50 crossing the 23,000 mark once again after a month, a mutual fund expert recommends that for investors looking for long-term wealth creation and have a stomach for equity market volatility, large and midcap funds / multicap funds / flexicap funds would be a good bet. “Large and mid-cap funds, multi-cap funds, or flexi-cap funds — for investors looking for long-term wealth creation and who can stomach equity market volatility, these funds would be a good bet, as they provide a portfolio mix across market capitalizations that helps reduce the impact of sharp gyrations in any particular segment of the market,” says Suresh Soni, CEO of Baroda BNP Paribas Asset Management. The expert also recommends that for such investors, where the recent 10% drop has brought the realization that equity investments can go up and down, but who still want a core of equity holdings for its status as the best-performing long-term asset class in India, hybrid equity schemes or balanced advantage funds would definitely be something to carefully consider. And for investors who believe in the dictum, “Don’t put all your eggs in one basket,” a diversified mix of multiple asset classes with low correlation to each other may be a preferred option.

Indian rupee hit a near two-month high on Thursday, boosted by dollar sales by foreign banks and the culling of bearish wagers as seasonal inflows propped up the currency. The rupee touched a high of 86.2075, its best since January 24, marking a 1.2% appreciation over the past seven trading sessions. The currency was last quoted at 86.29, up 0.2% on the day.

The Trump administration appears to be breaking from that order, with foreign and economic policies that have challenged U.S. allies, undercut some multilateral institutions and used tactics such as tariffs. While it is unclear what will eventually emerge, interviews this month with more than a dozen senior bankers, investors and officials based in Asia showed that they are not waiting to find out. They are looking for an 'America plus 1' strategy, which reduces their reliance on the United States going forward.

PTC India on Thursday said it has divested its entire stake in PTC Energy to ONGC Green after receiving the remaining Rs 254 crore as part of the deal. Upon receipt of the total consideration of Rs 1,179 crore, including consideration of Rs 925 crore received on March 4, 2025, from ONGC Green Ltd (OGL), the company announced the completion of transaction of divestment of 100 per cent stake of PTC Energy Ltd to OGL on March 19, 2025, according to a regulatory filing.

The Fed left interest rates unchanged on Wednesday, as widely expected, while maintaining its projection for two quarter-percentage-point cuts by year-end. Policymakers, however, raised their inflation forecast and lowered economic growth expectations, citing risks from U.S. President Donald Trump's tariff policies.

PSU stocks will end FY25 on a lackluster note, recording their worst performance of the past three financial years. Nearly 73% or 46 stocks out of 63 analysed by ETMarkets have witnessed a decline of up to 48% so far, and Mazagon Dock Shipbuilders stands tall as the only multibagger in the pack. With just 7 more trading sessions to go, the 63-stock BSE PSU index was down nearly 8% as on Wednesday versus 2.4% gains seen in the BSE Sensex in the same period.

Benchmark NSE Nifty index rose 147.86 points to 23055.45 amid buying in frontline bluechip stocks.

Garden Reach Shipbuilders & Engineers shares jumped 8.5% in morning trade on Thursday, adding to the near 20% gain in the previous day after siging an initial pact with PWD Nagaland for Modular Steel Bridges. GRSE signed a Memorandum of Understanding (MoU) with PWD Nagaland to provide eight sets of double-lane modular steel bridges in the state. This agreement is the first of its kind between GRSE and a North Eastern state and is in line with the Government of India’s Make in India initiative aimed at boosting regional development. GRSE's shares were trading at Rs 1780.05 apiece, up 8.5% at 11:15 am. The BSE Sensex was up 0.7%.

Ajay Bagga, Market Expert, says it will not be very politically prudential or possible to bring the value chains back into the US. But when it is organised chaos and insanity as a stated policy, it is very difficult then for markets and it turns volatile. So, April 2nd is a very big event risk. That might just end with a whimper and get postponed for another three months, and that means volatility will again get enhanced. Yesterday, the Bank Global Manager survey showed 55% are putting the risk of a global recession because of Trump trade wars as the biggest risk. Bagga says by June, a bottom should be in place. Price wise, 21,800 was probably a bottom price level. Now from here, markets could go down in the very short term on some event risk, but fundamentally, we are better off than we were in September. Let us first address the big market setup. The markets are finally rebounding. Is relief finally on the anvil or there is more concern on the horizon? Have we bottomed out? Ajay Bagga: It is difficult to say that we have bottomed out but if we look at the macro, we are much better off than we were in September.

Subscribe to enjoy similar stories. It’s natural for Canada to respond to the barrage of U.S. tariffs by threatening retaliation.