Trade Financial News

economic slowdown, according to its bulletin. «Policymakers are now walking a tightrope, having to balance the upward strain of rising prices on account of tariffs and currency depreciation, as well as the downward pressure on inflation from economic slowdown,» according to the document.

US Fed Meeting LIVE: The US Federal Reserve will announce its second policy decision for 2024 after a two-day Federal Open Market Committee (FOMC) meeting today amid stagflationary risks threatening the US economy due to US President Donald Trump's tariff hikes which have escalated a global trade war.Wall Street eyes the US central bank to hold the benchmark interest rate steady in today's monetary policy verdict amid the volatile trade policy and economic uncertainty hurting the world's largest economy. Economists have sounded alarm about ‘stagflation’—a combination of still-high inflation and a weak or stagnant economy after sharp cuts to government spending and layoffs.Also Read: US Fed to unveil policy verdict amid ‘stagflation risk’, chief Jerome Powell eyes rate pause: 5 key things to knowUS Fed eyes interest rate pause?Earlier this month, US Fed chief Jerome Powell said at a New York research conference that the US Federal Reserve is likely to keep its benchmark interest rate unchanged in the coming months as it waits for widespread uncertainty stemming from Donald Trump's policies.

These high-performing stocks that rallied more than 10% during the session included, Samtex Fashions(14.97%), Tokyo Plast Int(14.44%), Visco Trade Associates(14.20%), Nelcast(14.07%), ideaForge Technology(13.82%), Futuristic Sol(13.82%), Swaraj Engines(13.80%), Loyal Equipments Ltd(13.51%), Bajaj Steel(13.10%) and Birla Cable(12.97%).

Subscribe to enjoy similar stories. SYDNEY : Fitch Ratings has added its name to a slew of prominent forecasters downgrading the outlook for world economic growth and push up its expectations for U.S. inflation, highlighting rising concerns about the erratic nature of U.S.

Subscribe to enjoy similar stories. The Reserve Bank of India (RBI) initiated the much-expected rate-cut cycle in February. The repo rate was cut from 6.5% to 6.25% on 7 February.

Subscribe to enjoy similar stories. Comparison advertising is getting more confrontational as brands work harder to catch consumers’ attention, while the general tone of social media lowers the barrier to trading insults. Attack ads, of course, are almost as old as advertising itself.

stocks rallied as much as 15% in Mumbai trading on Wednesday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the green amid brisk buying in frontline bluechip counters. Stocks that surged in excess of 15% included, Devki Leasing(20.00%), Brooks Labs(20.00%), Ksolves India(19.99%), United Credit(19.99%), GRSE(19.99%), Ador Multiprod(19.98%), Vibhor Steel Tubes(19.96%), Sindhu Trade(19.94%), Asian Oilfield(19.40%) and Panchsheel Org(17.72%).

To grasp the aberration of US foreign policy under President Donald Trump, consider an abbreviated history of America’s shifting attitudes toward just one country, Canada. And start with Ronald Reagan, who stood for the original and genuine version of “peace through strength.” When signing a free-trade agreement with Canada in 1988, Reagan marveled at the world’s longest land border. “No soldier stands guard to protect it,” the 40th president said. “Barbed wire does not deface it. And no invisible barrier of economic suspicion and fear will extend it.” Canadians and Americans, Reagan remarked on another occasion, are “more than friends and neighbors and allies; we are kin.” In the current context, three things are notable about Reagan’s sentiments. The first is that most Americans really like Canadians, even if they also struggle to see them as distinct, because Canadians can easily seem like “nicer” versions of Americans. The second is that Reagan oversimplified what has historically been a complicated, often competitive and sometimes contentious relationship. The third is that Americans, in both of those ways, have long regarded Canadians roughly as Russians used to view Ukrainians. ALSO READ: Who is James Boasberg, the judge Trump wants impeached?

Shares of Prestige Estates Projects Ltd.(up 6.03 per cent), Macrotech Developers Ltd.(up 5.88 per cent), Mahindra Lifespace Developers Ltd.(up 5.26 per cent), Godrej Properties Ltd.(up 3.78 per cent) and DLF Ltd.(up 3.38 per cent) ended the day as top gainers in the pack.

Japan has reported its exports grew at an 11% annual pace in February while imports declined slightly, leaving a surplus after two straight months of deficits as worries grow about President Donald Trump’s tariff hikes

Subscribe to enjoy similar stories. The decade ending 2023-24 shows an interesting trend of a distinct decline in the contribution of manufacturing to India’s overall story of economic growth. While it may not exactly be called ‘de-industrialization,’ given the high level of sophistication we have reached in terms of the spread and quality of products, a grand shift to services is discernible and may prove quite challenging to reverse.

defence stocks attracted strong investor interest, with gains of up to 19%. Garden Reach Shipbuilders & Engineers led the rally, followed by Ideaforge Technology, Mazagon Dock Shipbuilders, Bharat Dynamics, and Cochin Shipyard, which saw gains ranging from 8% to 14%. There were no losers in the 16-stock Nifty India Defence Index which was 5% higher today.

«Now the valuations are not very attractive at this point of time because all these positive news, the hike which the steel mills have taken are in the price,» says Aditya Welekar, Axis Securities. Given that the industry was rallying for 25%, but expectation was about, 10 to 15 is going to actually come in in terms of safeguard duty. Tell me, how does this really move the needle, if at all, for the steel industry? Aditya Welekar: So, I guess you summarised it, so the expectation was quite higher, 20% to 25%, and the outcome of 12% is slightly below that. And part of it, which I want to highlight, is that in the first week of March, those steel mills have already taken price hikes in the tune of Rs 1000 to Rs 1500 for the flat HRC, that is hot rolled coils and cold rolled coils. So, with that backdrop, the stocks have already anticipated that such a move should come and the share prices have reflected that partly.

Subscribe to enjoy similar stories. The last couple of decades have witnessed a digital revolution that has completely transformed daily life. From grocery shopping to banking, every task is now just a tap away.

US Federal Reserve’s rate setting committee is expected to retain the federal fund rate steady at 4.25%-4.5% following its two-day meeting which ends today (Wednesday, March 19). It is the Federal Open Market Committee’s (FOMC’s) second policy meeting this year and since Donald Trump took over the reins as the President of the United States of America (USA) in January.

InterGlobe Aviation surged 2.33% to an intraday high of Rs 4,920.45 on the BSE in today’s trading session after the airline outlined an ambitious growth roadmap for FY30. Investor sentiment turned bullish as the company revealed strong expansion plans, including passenger growth, fleet expansion, and new international routes. IndiGo expects to carry 118 million passengers in FY25, with early double-digit growth projected for FY26. The airline also plans to add 14 new destinations in FY26, further strengthening its domestic and international network.

One Mobikwik Systems, the parent company of digital payments provider MobiKwik, jumped 19% on Wednesday, March 19, to Rs 355 on the BSE, building on a 20% rally from the previous day when the stock hit the upper circuit. The gains come after a sharp 15% decline on March 17, when the stock hit a 52-week low of Rs 231 following the expiration of a three-month IPO lock-in period. The stock has gained 43% over the past two trading sessions, erasing its losses from earlier in the week. The expiry of the lock-in period on March 17 unlocked 46 lakh shares, or about 6% of the company's outstanding stock, making them eligible for trading.

Tata Steel climbed up to 3% to Rs 159.25 on the BSE on Wednesday, driven by a broader steel sector rally. Brokerage Emkay Global said the stock is at a “point of inflection,” citing improving prospects across multiple fronts. The brokerage highlighted volume growth, a potential turnaround in its European operations, and attractive valuations as key factors supporting its bullish view. Emkay retained a ‘Buy’ rating on the stock.

JSW Steel and SAIL among others are likely to gain attention on Wednesday, March 19, after the Directorate General of Trade Remedies (DGTR) recommended a 12% safeguard duty on the import of certain steel products. Due to this update, the shares of other steel companies like Tata Steel, Jindal Steel and Power, NMDC Steel, and Jindal Stainless may also attract investor attention.

Deven Choksey, MD, DRChoksey FinServ, says whenever the market has made a panic bottom in the past, in the following 3 months to 9 months or 12 months, some of the stocks would give a very smart recovery as high as 70-80% and as low as 25% to 30% in most of the cases. Should that particular trade hold this time around, then from the 21,800, 21,900 kind of a level which Nifty saw a few days back, market should have a recovery back to 24,200, 24,800 kind of levels. Choksey says it is time to buy the value. Some of the NBFCs, HFCs, manufacturers supplying to renewable companies and power utilities or companies in engineering R&D, have some brilliant propositions in the corrective downside. We have had an over 1,000-point recovery on Sensex from the lows. How believable and sustainable is it looking to you? Deven Choksey: The question that should be asked is why should it sustain? The most important part, technically, the market has been in an oversold situation for a long period of time and that oversold situation was continuing largely because of the constant selling by the FPIs. Now, the selling of the FPI has muted, it has come down to a greater extent, largely also because of the fact that the currency is also not depreciating.