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Stock Market LIVE: GIFT Nifty signals upbeat start; Asia rises as US court blocks Trump tariffs
Sensex Today | Stock Market LIVE on Thursday, May 29, 2025: Around 6:45 AM, GIFT Nifty futures were trading 68 points higher at 24,830, suggesting a higher start for the markets.
7:27 AM
Stock Market LIVE Updates:
Stock Market LIVE Updates: Life Insurance Corporation of India (LIC) saw muted growth in its annualised premium equivalent (APE) during the fourth quarter of FY2024-25, with overall APE for the full year remaining flat. However, the company's management anticipates a recovery in growth in FY2025-26.
LIC continues to focus on improving its product mix by increasing the share of non-participating (non-par) products within individual APE. The value of new business (VNB) is projected to grow at a double-digit rate between FY2025 and FY2027. While the agency channel remains the core driver of growth, both bancassurance and alternate distribution channels also reported healthy expansion. READ MORE
7:25 AM
Stock Market LIVE Updates: NSE in unlisted market vs NSE-listed BSE: Is any worth your money?
Stock Market LIVE Updates: The share price of unlisted National Stock Exchange (NSE) shares has jumped 30 per cent over the past week, climbing from ₹1,725 to ₹2,250. Analysts attribute the rally in part to growing anticipation around the exchange's long-awaited initial public offering (IPO).
Based on recent reports, NSE's market capitalisation now stands at ₹5.44 trillion. Since September 2021, the stock has surged nearly 200 per cent, reflecting strong investor interest despite its unlisted status. READ MORE
7:23 AM
Stock Market LIVE Updates: Trump denies 'chickening out' on tariffs amid frequent rate changes
Stock Market LIVE Updates: President Donald Trump wants to make one thing clear i.e. backing off steep tariff threats doesn't make him a coward.
The Republican leader has repeatedly issued aggressive tariff warnings only to later scale them back — a pattern that's given rise to the so-called 'TACO' trade, an acronym coined by Financial Times columnist Robert Armstrong for 'Trump Always Chickens Out.'
Markets often dip on Trump's tariff threats and rebound once he pulls back.
When asked about the phrase during a press event Wednesday, Trump appeared visibly irritated, rejecting the idea that he's backing down and calling the question 'nasty.'
'You call that chickening out? It's called negotiation,' Trump responded. 'I set a ridiculously high number and then I go down a little bit — you know, a little bit — until it sounds more reasonable.' READ MORE
7:21 AM
Stock Market LIVE Updates: Asian markets rise in trade as US court blocks Trump tariffs
Stock Market LIVE Updates: Asian markets rise in trade as US court blocks Trump tariffs
-- Nikkei rose 1.34 per cent
-- Kospi popped 1.23 per cent
-- ASX 200 increased 0.02 per cent
7:19 AM
Stock Market LIVE Updates: Federal trade court strikes down Trump's reciprocal tariffs
Stock Market LIVE Updates: A federal court on Wednesday ruled that former President Donald Trump overstepped his authority by imposing reciprocal tariffs, undermining a key pillar of his trade policy.
In a decision by a three-judge panel, the US Court of International Trade found that the 1977 International Emergency Economic Powers Act (IEEPA) did not grant the president the unilateral authority to impose broad tariffs.
"The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs," the court stated in its opinion.
The judges further concluded that the tariffs were invalid because they failed to directly address the national security threats cited as justification for the measures.
Source: CNBC
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