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Sensex falls over 250 pts, Nifty below 24,550 after Trump's 50% tariff on India

Sensex falls over 250 pts, Nifty below 24,550 after Trump's 50% tariff on India

Economic Times7 hours ago
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
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Indian stocks staged a sharp recovery in Thursday's trade, recouping all the losses incurred during the first half of the session and turning positive towards the close. The markets opened on a weak note after US President Donald Trump raised additional tariffs on goods imported from India to 50%. Selling pressure intensified by noon, with the Nifty 50 and Sensex losing up to 0.90% to hit a 3-month low. However, strong buying in the second half of the session, which was sustained through the closing bell, led the Nifty 50 to recover nearly 259 points from the day's low and close with a gain of 0.09% at 24,596 points. The S&P BSE Sensex also staged a strong rebound of 677 points from the day's low to finish with a gain of 0.10% at 80,623 points. The broader markets witnessed a similar turnaround, with the Nifty Midcap 100 and Nifty Smallcap 100 indices each rising by 0.40% and 0.20%, respectively.

Sumadhura Group gives on rent 5 lakh sq ft commercial spaces in Bengaluru, to earn Rs 50cr/yr
Sumadhura Group gives on rent 5 lakh sq ft commercial spaces in Bengaluru, to earn Rs 50cr/yr

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timean hour ago

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Sumadhura Group gives on rent 5 lakh sq ft commercial spaces in Bengaluru, to earn Rs 50cr/yr

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Realty firm Sumadhura Group has given on rent a 5 lakh sq ft area at its commercial building in Bengaluru and will earn Rs 50 crore annually as rental company said in a statement that it has leased 5 lakh sq ft of office and retail spaces at its flagship commercial tech park, Sumadhura Capitol Towers , at Whitefield in leasing transactions are projected to generate an annual revenue of Rs 50 G, Chairman & Managing Director of Sumadhura Group, said: "Bengaluru's Grade A+ office real estate continues to draw strong interest from both domestic and global occupiers, driven by robust infrastructure growth, rising demand, and enhanced connectivity."He said the office demand in Bengaluru is driven by multinational corporations, which want to set up Global Capability Centers (GCCs) in project 'Sumadhura Capitol Towers' spans across 8.67 acres with a total leasable area of 1.5 million sq ft Group is one of the leading real estate developers in South India. It has delivered 54 projects comprising over 13 million square feet, while another 40 million square feet is in the group develops residential, commercial, and warehousing projects. It has also entered into operating co-living to Cushman & Wakefield, gross leasing of office spaces across the top 8 cities is expected to cross 90 million square feet during 2025, beating last year's record demand of 89 million square gross leasing of office space in January-June stood at 41.7 million sq ft across eight major cities as against 41 million sq ft in the year-ago period, the consultant said. PTI

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