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Carney, who will be sworn in as Justin Trudeau's replacement in the coming days, said Trump's latest tariffs are an attack on Canadian workers, families, and businesses. «My government will ensure our response has maximum impact in the U.S. and minimal impact here in Canada, while supporting the workers impacted,» Carney said. He added: «My government will keep our tariffs on until the Americans show us respect and make credible, reliable commitments to free and fair trade.» Trump said Tuesday that he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada, escalating a trade war with the United States' northern neighbor and showing an indifference to recent stock market turmoil and rising recession risks.

The majority of the stocks in the S&P 500 are already in correction territory as the sell-off on Wall Street continues to drag the benchmark closer to that key threshold.

gender equality, and resilience through a heartfelt LinkedIn post recounting his childhood experience. He shared how being locked inside his house every afternoon in Dhanbad shaped his perspective on life and leadership.

The company joins larger rival Macy's and big-box retailers Walmart and Target in tempering expectations as U.S. inflation risks rise and recession fears mount amid a chaotic implementation of President Donald Trump's tariffs.

The benchmark BSE Sensex lost 12.85 points or 0.02% to close at 74,102.32, while the broader Nifty 50 index closed at 22,497.90, higher by 37.60 points or 0.17%.

Subscribe to enjoy similar stories. The White House granted a temporary reprieve for many of its tariffs on Canada and Mexico last week, but a similar pause seems less likely for revamped global steel and aluminum tariffs set to go into effect Wednesday. President Trump’s team has repeatedly said there would be no exceptions or exemptions from the 25% tariffs on steel and aluminum.

Shares of Alkem Laboratories Ltd.(up 3.14 per cent), Sun Pharmaceutical Industries Ltd.(up 2.72 per cent), Laurus Labs Ltd.(up 2.72 per cent), Zydus Lifesciences Ltd.(up 0.69 per cent) and Divi's Laboratories Ltd.(up 0.59 per cent) ended the day as top gainers in the pack.

Sensex and Nifty, traded lower on Tuesday, following a widespread sell-off in Asian markets after Wall Street dropped overnight due to recession concerns in the US. The rupee is likely to stay under pressure on Tuesday, as concerns over a potential recession sapped risk appetite across financial markets, driving most Asian currencies lower.

India's cotton imports in 2024/25 are likely to double from a year ago as production is set to fall below consumption because of a decline in acreage planted and adverse weather, a leading trade body said on Tuesday. Higher imports by the world's second-largest producer of the fibre could support global prices, which fell to their lowest in more than four years after top consumer China levied duties on imports from the United States. India could import 3 million bales in the current marketing year ending on September 30, up from 1.52 million bales imported a year ago, the Cotton Association of India (CAI) said in a statement. During the period from October to February, 2.2 million bales of overseas cotton landed at Indian ports, according to CAI estimates. India's cotton production in the current year is likely to fall by 10% from a year ago, to 29.53 million bales, even as demand is estimated to rise marginally to 31.5 million bales, it said.

IndusInd Bank facing a steep decline, Ashok Hinduja, Chairman of IndusInd International Holdings, Mauritius, has assured that the bank «is in a very healthy position.» However, he raised concerns over the impact on the market cap. «My concern is how the market has taken so much so that over Rs 16,000 crores, over $2 billion just in two hours, it has impacted the market cap. The market situation has gone so bad,» he added. The promoter reaffirmed his commitment to supporting the bank, recalling past support during the Covid-19 crisis. Hinduja emphasised that the promoter group remains ready to inject capital, including through additional warrants, and is awaiting regulatory approval to increase its stake from 15% to 26%.

Indian stock market will remain closed on Friday, March 14, 2025, in observance of Holi, the Hindu festival of colours. Trading will resume on Monday, March 17, following the extended weekend break, as per the holiday calendar issued by the National Stock Exchange (NSE) and the BSE. The closure will impact trading across all major segments, including equity, equity derivatives, securities lending and borrowing (SLB), electronic gold receipts (EGR), and currency derivatives.

Sebi has issued a warning to IIFL Capital Services regarding due diligence in debt issues handled by the company's merchant banking division. In a disclosure to stock exchanges, IIFL Capital said the Securities and Exchange Board of India (Sebi) has issued an administrative warning letter dated March 7, 2025. The regulator conducted an inspection with regard to debt issues handled by the merchant banking division of the company for the period April 1, 2022 to April 30, 2024.

Ben Powell, Chief Middle East and APAC Investment Strategist, BlackRock Investment Institute, says we at BlackRock are still very much on board with the India bull story, while being respectful of the short-term sell-off which clearly has fed on itself. India is on a journey to exist as a standalone investment destination and that is going to become more and more the case in the quarters and years ahead. We have discussed the US. We have discussed China. Where is India? Did I miss it? Ben Powell: India is doing very well. I am here in the UAE. We had a huge cricket event over the weekend. India was triumphant. India, I still think is in this temporarily tricky spot of risk slightly feeding on itself. You have had a market which perhaps got a little bit ahead of itself several months ago and that was ripe, it turns out, for a little bit of a downdraft and that is now feeding on itself to some degree.

In the American markets on Monday, the Nasdaq index tanked 4 per cent, while the S&P 500 also closed more than 2.7 per cent lower, causing stock markets around the globe to trade in the red. The market participants saw S&P 500 losing over USD 4 trillion market valuation. «The sell-off has been exacerbated by the unwinding of extended positioning in certain market segments such as momentum and tech stocks and is not necessarily a signal that US economic risks have escalated significantly.» says the report. The tech-dominated Nasdaq composite index witnessed a 4 per cent fall, showing investors' sentiment. In the major losers, the AI fab company Nvidia lost about 5 per cent or USD 140 billion in a single day, while the stocks of Tesla declined about 15 per cent, and Apple plunged 4.85 per cent. Among the other major tech giants, Meta, which owns popular social media platforms such as Facebook, Instagram, and WhatsApp, lost USD 10 billion, down 4.42 per cent.

The Nikkei index fell 0.64% to close at 36,793.11, after falling to as low as 35,987.13, its lowest since September 17.

Subscribe to enjoy similar stories. The best strategy for buying the dip in artificial intelligence stocks isn’t going all in on Nvidia. It’s spreading your bets among a bunch of AI-exposed companies.

Subscribe to enjoy similar stories. For the past year, U.S. economic policymakers have been singularly focused on achieving a so-called soft landing that brings inflation down without a recession.

IPO (Initial Public Offering) market, achieving unprecedented milestones in terms of funds raised, investor participation, and listing activity. With a record haul of $20.5bn (approx Rs 1.6 lakh crore) raised, India has surpassed its previous high of Rs 1.18 lakh crore in 2021, becoming the second-largest IPO market globally after the United States. October 2024 was a standout month, with Rs 38,700 crore raised — the highest ever for any single month in Indian history. This included blockbuster IPOs like Hyundai Motor and Waaree Energies, with Hyundai’s offering alone raising Rs 27,870 crore – India’s biggest to date. Despite market volatility, the Indian IPO Market is set to maintain strong momentum in 2025, with several marquee names gearing up for public listings.

silver May futures contracts were trading at Rs 96,820/kg, up by 0.37% or Rs 355. Gold prices have surged by Rs 260/10 grams in the last one week while silver prices went up by Rs 560/kg in the same period.

Subscribe to enjoy similar stories. At the first cabinet meeting of his second term in office, US President Donald Trump declared his intention to impose a sweeping 25% tariff on all imports from the European Union.

Sri Nachammai(up 16.96%), Kreon Financial(up 16.47%) and Pasupati Acrylon(up 15.49%) were among the stocks that surged over 15%.