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Stocks that were in focus include names like Swiggy, which fell 1.2% and RVNL, which gained 0.8% and TVS Motor, whose shares declined 1.5% on Wednesday.

Oil prices eased on Thursday after surging the day before as worries about the impact of intensifying tariff wars on global economic growth and energy demand outweighed the positive sentiment from a larger-than-expected draw in U.S. gasoline stocks. Brent futures fell 7 cents, or 0.1%, to $70.88 a barrel by 0107 GMT, while U.S. West Texas Intermediate crude futures shed 11 cents, or 0.2%, to $67.57 a barrel.

dollar rebounded slightly on Thursday thanks to a rise in U.S. Treasury yields, though currencies traded in tight ranges as investors struggled to determine the impact of an escalating global trade war on U.S. inflation and growth. U.S. President Donald Trump on Wednesday threatened further tariffs on European Union goods, as major U.S. trading partners said they would retaliate for trade barriers already erected by him.

Subscribe to enjoy similar stories. PRESIDENT DONALD Trump’s bullying of America’s allies and neighbours may appeal to the maga base. Unfortunately, investors feel otherwise.

global trade war with further tariffs on European Union goods, as major U.S. trading partners said they would retaliate for trade barriers already erected by the U.S. president. Just hours after Trump's 25% duties on all U.S. steel and aluminum imports took effect, Trump said he would impose additional penalties if the EU follows through with its plan to enact counter tariffs on some U.S. goods next month. «Whatever they charge us, we're charging them,» Trump told reporters at the White House. Trump's hyper-focus on tariffs has rattled investor, consumer and business confidence and raised recession fears. He also has frayed relations with Canada, a close ally and major trading partner, by repeatedly threatening to annex the neighboring country. Canada, the biggest foreign supplier of steel and aluminum to the United States, announced 25% retaliatory tariffs on those metals along with computers, sports equipment and other products worth $20 billion in total. Canada has already imposed tariffs worth a similar amount on U.S. goods in response to broader tariffs by Trump. «We will not stand idly by while our iconic steel and aluminum industries are being unfairly targeted,» Canada's Finance Minister Dominic LeBlanc said.

Asian equities rose Thursday after cooler-than-forecast US inflation helped Wall Street rebound from two days of heavy losses. Australian and Japanese shares rose and equity-index futures for US stocks climbed in early Asian trading, bolstering advances in the prior session. Even after Wednesday’s gains for the S&P 500 and Nasdaq 100, the first since Friday for the US benchmarks, they both remained over 3% lower this week. Hong Kong equity futures fell, tracking declines in an index of US-listed Chinese companies on Wednesday.

STATE OF THE MARKETS

tariffs on imports like cocoa and fruit, according to a letter seen by Reuters. PepsiCo, Conagra and J M Smucker, are requesting that Trump exempt ingredients not available from U.S. sources to protect manufacturers who otherwise buy from domestic farmers and suppliers, according to the letter, sent on Monday by a consumer products trade group representing the companies, the Consumer Brands Association. Coffee, oats, cocoa, spices, tropical fruit and tin mill steel, used for specialty food and household goods, are among the imports listed as unavailable domestically in the letter. «We believe targeted and carefully calibrated removal of these ingredients and inputs from tariffs is appropriate to best protect U.S. manufacturers and support (Trump's) efforts to lower consumer inflation,» the letter said. PepsiCo and Smucker, which have executives sitting on the executive committee of the Consumer Brands Association, did not immediately respond to requests for comment.

Subscribe to enjoy similar stories. Gabriel India Ltd: Buy at ₹532.55 | Target ₹600-620 | Stop loss ₹490 On the daily chart, the stock's Relative Strength Index (RSI) is trading above 60, and it is also trading above major EMAs. On the hourly chart, the stock has given a rectangle breakout around the 520 level.

Subscribe to enjoy similar stories. New Delhi: American trade negotiators are pushing for a level playing field for US-based e-commerce companies such as Amazon and Walmart-owned Flipkart with Indian firms such as Reliance, two people aware of the matter said.

Subscribe to enjoy similar stories. Current market price: ₹2,807 | Buy range: ₹2,750–2,830 | Profit goal: ₹3,240 | Stop loss: ₹2,590 | Timeframe: 1–2 months Current market price: ₹1,528.1 | Buy range: ₹1,500–1,535 | Profit goal: ₹1,760 | Stop loss: ₹1,415 | Timeframe: 1–2 months Nifty 50 ended flat for the second consecutive session after trading between 22,330 and 22,580. The index started the session on a muted note at 22,536 and continued to slide toward its key support level of 22,300.

U.S. stocks mostly rose after getting some relief from an encouraging inflation update

US Federal Trade Commission asked a federal court in Seattle on Wednesday to delay a September trial in its case alleging Amazon misled consumers over its Prime subscription service, citing «severe resource shortfalls in terms of both money and personnel.» Jonathan Cohen, an attorney for the FTC, told US District Judge John Chun during a hearing that the agency faces a «dire resource situation» amid cost cutting measures enacted under President Donald Trump's administration. «We have lost employees in the agency, in our division and on our case team,» Cohen said. Cohen's statements are the first clear indication of how large-scale efforts led by Trump advisor and Tesla CEO Elon Musk to shrink government are affecting the FTC, which enforces consumer protection and antitrust laws.

social care providers will have to prioritise hiring foreign care workers already in the country before recruiting from overseas, the government said on Wednesday, as it cracks down on worker abuse in a sector heavily reliant on immigration. The move follows the introduction in November of stronger sanctions for rogue employers who recruit foreign workers but failed to provide them with work, leaving some unemployed and close to destitution. ALSO READ:What is UK’s Skilled Worker visa?

retaliatory tariffs because President Donald Trump had implemented steel and aluminum import restrictions. The ongoing trade war has made economists predict economic slowdown and heightened consumer prices due to recently available inflation data, which shows a mild February increase.

Atlanta Falcons are bringing back cornerback and special teams ace Mike Ford, who spent the past two seasons with the Cleveland Browns. The Falcons have agreed to a deal with Ford, offering him a two-year contract worth $4 million, according to ESPN’s Adam Schefter.

Shell LNG marketing executive said, adding that LNG trade will find ways to adapt to logistical interruptions. Shell, the world's largest trader of LNG, accounts for 15% of global trade and supplies about a tenth of India's LNG imports. The company remains sanguine about India, which imported record volumes of LNG in 2024, and aims to tie up more long-term sale contracts with Indian buyers and expand its import terminal capacity when there is a need for it, Tom Summers, senior vice president for Shell LNG Marketing & Trading, told ET in an interview. Summers defended Shell's India terminal's underutilisation, saying global utilisation average is probably 50% or less and its India terminal is strategically connected to supply and demand centres to serve the growing customer needs. Shell's Indian terminal's utilisation is about 40% while India's average is 55%.

trade with Pakistan means expanding their export base and extending economic influence in the region. For Pakistan, reopening structured trade with India could be a lifeline. Institutional frameworks built during the Indo-Pak trade discussions of 2011-12 still exist. Rather than settling for a hesitant revival of pre-2019 trade, both nations have the chance to build a structured, high-impact trade corridor that turns decades of rivalry into economic interdependence, stretching beyond Afghanistan to CIS countries. Despite ad-hoc bans and restrictions, trade has not vanished. But it has been driven underground, morphing into an informal, fragmented and inefficient shadow of its true potential. In 2023-24, India officially imported only $3 mn worth of goods from Pakistan, while its exports to Pakistan reached $1.2 bn.

trade balance and revive domestic manufacturing. This provides trading partners with a sense of Trump's threshold for domestic economic pain. Internally, too, business and consumer reaction to inflation are setting limits on Trump's agenda. Within the administration, there is resistance to Elon Musk's shock'n'awe-meets-slash 'n'burn spending cuts that have made Trump see reason on how far such 'economisation' can be pushed.

Inflation receded in February on the back of easing price pressures for consumer staples like gasoline, groceries and housing, amid worries that President Donald Trump's tariff policies could stall progress.

Wall Street keeps shaking because of tariffs. After jumping to a big early gain on an encouraging inflation update, the U.S. stock market lost all of it after other countries announced their retaliations following President Donald Trump's latest escalation in his trade war. The S&P 500 was down 0.3% in midday trading after erasing an initial leap of 1.3%. The unsettled trading comes a day after the index briefly fell more than 10% below its all-time high set last month.