The Indian stock market faced a sharp decline on April 7, 2025, as over half of the Sensex stocks plunged more than 5% in intraday trading. This downturn was driven by risk-averse sentiment following US President Donald Trump’s announcement of new reciprocal tariffs. Several major stocks, including Tata Motors, Reliance Industries (RIL), and TCS, hit …
On April 7, 2025, India’s volatility gauge—the India VIX—soared over 59% to 21.94, reflecting one of the sharpest single-day spikes in recent years. This surge coincided with a deep global selloff that sent Indian equity benchmarks into freefall, triggered by escalating US-China trade tensions and growing fears of a global recession, as per news reports. …
On April 7, 2025, the Nifty Pharma index dropped by as much as 7% in early trading, bringing its year-to-date decline to 14%. The index reached an intraday low of 19,121.10, compared to its previous close of 20,560. Why is Nifty Pharma Index Down Today? On April 2, President Trump announced sweeping reciprocal tariffs affecting …
On April 7, 2025, Nifty Bank opened on a weak note at 49,336.10, down from its previous close of 51,502.70. By 10:08 AM, the index had slipped further to 49,800.25, marking a decline of 3.31%. During the same period, it hit its intraday low of 49,242.25. Amidst the overall weakness, none of the stocks in …
In a significant step to enhance transparency and audit efficiency, the Securities and Exchange Board of India (SEBI) on Friday unveiled a standardised format for system and network audit reports for Market Infrastructure Institutions (MIIs). These include stock exchanges, clearing corporations, and depositories. The new framework will be applicable to audits conducted in the fiscal …
The Securities and Exchange Board of India (SEBI) on Friday issued the operational framework for its new performance validation agency—the Past Risk and Return Verification Agency (PaRRVA). This initiative aims to regulate and verify claims about past performance made in advertisements by intermediaries like investment advisors, research analysts, and stock brokers. Pilot Phase and Objectives …
IT services firm Mphasis has been issued a tax demand totalling ₹232.37 crore by the Income Tax Department for the financial years 2018–19 and 2019–20. The company has stated that it will challenge the order and expects no significant financial impact. Tax Demand Linked to Foreign Payments As per a regulatory filing by the company, …
Tensions between the world’s two largest economies continue to escalate. Following the United States’ sweeping tariff hike announced by President Donald Trump, China has hit back with a major retaliatory measure, signalling a deepening trade war with global implications. New Tariff Matches U.S. Rate China announced on April 4, 2025, that it will impose a …
India’s services sector growth eased in March 2025, according to the latest HSBC India Services Purchasing Managers’ Index (PMI) released by S&P Global. While the expansion remained strong, the momentum slightly weakened due to softer demand, slower foreign orders, and moderated hiring activity. Services PMI Slips but Remains Firm The Services PMI slipped to 58.5 …
The Indian rupee surged past the 85 mark against the US dollar in early trade on Friday, April 4, for the first time since December 2024. The appreciation followed a broad-based decline in the US dollar, triggered by recent global developments. At the interbank foreign exchange market, the rupee opened at 85.07 and quickly strengthened …
