Sensex jumps over 400 points, Nifty settles above 24,800— 10 key highlights from the Indian stock market today
The Sensex ended with a gain of 447 points, or 0.55 per cent, at 81,337.95, while the Nifty 50 settled at 24,821.10, up 140 points, or 0.57 per cent.
The mid- and small-cap segments outperformed. The BSE Midcap index rose 0.84 per cent, while the Smallcap index jumped 1.10 per cent.
Investors wealth rose by about ₹ 4 lakh crore in a single session as the overall market-capitalisation of BSE-listed firms grew to nearly ₹ 452 lakh crore from ₹ 448 lakh crore in the previous session.
(This is a developing story. Please check back for fresh updates.)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
30 minutes ago
- NDTV
Tariffs And Ties: How Deep Is India's Dependence On Russia?
US President Donald Trump has described India and Russia as "dead economies" as he formally confirmed that Indian exports to United States will face a 25 per cent tariff along with a "penalty" for its trade with Moscow. The billionaire American leader said Washington does "very little business" with New Delhi, as the two sides hit an impasse over their trade negociations. "I don't care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India, their Tariffs are too high, among the highest in the World," Trump wrote in a post on his Truth Social platform. India US Trade The US has been India's largest trading partner for the fourth consecutive year in 2024-25 with bilateral trade valued at $131.84 billion. In the last fiscal, India's exports to the U.S. rose by 11.6 per cent to $86.51 billion as against $77.52 billion in 2023-24. The imports were up by 7.44 per cent in 2024-25 to $45.33 billion against $42.2 billion in 2023-24. The trade surplus with the US has touched $41.18 billion in the last fiscal from $35.32 billion in 2023-24. New Delhi and Washington have also built a strategic partnership on technology and defence, among other areas, anchored largely by their shared desire to contain the growth of China. Since April, India and US have been preparing to negotiate an agreement. Earlier this week, US Trade Representative Jamieson Greer said "We continue to speak with our Indian counterparts. We've always had very constructive discussions with them", however, he added that Delhi's trade policy focusses on "protecting their domestic market". Trump has been trying to secure deals that open other markets to the US, but India has fiercely protected its dairy and farm sector to protect the interests of its small farmers. India is still hoping to strike a deal with Washington soon, with Commerce minister Piyush Goyal saying that New Delhi remains "optimistic". India Russia Trade India has access to discounted Russian crude oil and the exports have sharply risen from 2 per cent before the Ukraine conflict to 40 per cent by June 2024. By this year, Moscow was supplying more oil to India than all West Asian sources combined. Apart from oil, India also maintains cooperation in the nuclear energy sector with Russia. With respect to India's military capabilities, Russia plays a big role. It is the principal arms supplier for India, providing fighter jets, submarines, missiles and tanks.
The Hindu
30 minutes ago
- The Hindu
Soured relations: On Trump's 25% tariff, ‘penalty'
The 25% tariff 'plus penalty' on imports of Indian goods in the United States, announced by President Donald Trump, should have come as no surprise to India. Mr. Trump has, for a while now, been voicing his displeasure at India's dealings with Russia, with regard to energy dealings and military equipment. He has also been quite vocal about India's high tariff and non-tariff barriers. These were the reasons he cited in his announcement on Wednesday. Add to this these facts — first, U.S. Trade Representative Jamieson Greer, as recently as Monday, had said that a trade deal with India needed 'some more negotiations', and second, Indian Commerce Ministry officials had stopped talking about a mini-deal for a while now. Thus, the writing on the wall was pretty clear: a deal before August 1 was not in the offing. The only uncertainty in this mix was the mercurial Trump, but he has finally made his position clear. However, while there was an expectation that a mini-deal would not materialise, something does seem to have shifted in India-U.S. relations. This is showing up now in Mr. Trump's language — as a snide remark on Thursday about Pakistan selling oil to India in the future, or he, even more recently, calling the Indian economy 'dead'. Whether this was him venting his frustration at not being able to secure a deal with India — after calling himself the 'Dealmaker in Chief' — or whether something else has triggered him is not clear yet. The fact is that both sides have not budged from their core policies. The U.S. wants India to reduce its tariffs and provide market access across the board and India has held firm about ring-fencing agriculture and dairy. All of this makes negotiating a potential bilateral trade agreement (BTA) that much more complicated. Where government officials have constantly changed deadlines for a mini-deal, they have been remarkably consistent about meeting the Fall deadline for the BTA. But now Mr. Trump has linked India's dealings with Russia to India's trade relations with the U.S. Who India does business with is a sovereign matter, and the Ministry of Commerce and Industry rightfully reiterated its commitment to securing India's national interest. On the other hand, the U.S. accounts for around a fifth of India's exports. The 25% tariffs plus a yet-unknown penalty places India at a relative disadvantage when compared to competitors such as South Korea, Indonesia, Malaysia, the Philippines and Vietnam. Trade associations representing several sectors have already voiced their concern. Indian negotiators will have to work doubly hard to conclude an acceptable deal.
India.com
30 minutes ago
- India.com
Zombie Diplomacy? Trump Calls Medvedev A ‘Failed President', Ex-Russian Prez Hits Back With ‘Dead Hand' Nuclear Ghost
New York: The gloves are off again, this time online. A transatlantic war of words has erupted between former U.S. President Donald Trump and Russia's Security Council Deputy Chairman Dmitry Medvedev. Tariffs, insults and Cold War-era threats have all found their way into a digital dogfight that now stretches from America to Russia. Trump kicked things off while addressing his newly announced 25% tariff on Indian goods, which he also framed as a penalty for New Delhi's growing trade ties with Moscow. He made no effort to soften the blow. 'I do not care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India. Their tariffs are too high, among the highest in the world,' Trump said. And then, he turned his attention to Russia. 'Likewise, Russia and the USA do almost no business together. Let's keep it that way. And tell Medvedev, the failed former president of Russia, who thinks he is still president, to watch his words. He is entering very dangerous territory!' he said. Aimed directly at Dmitry Medvedev, a long-time Putin loyalist and Russia's former president from 2008 to 2012, the comment sparked a sharp rebuttal from Moscow. 'Dead Hand? Dead Economies? Try Zombie Movies' Medvedev fired back. He took to Telegram to deliver his response – calm, clipped, but filled with Cold War-coded menace. 'If a few words from the former President of Russia can provoke such a jittery reaction from the mighty President of the United States, then Russia must be completely in the right,' he wrote. He then turned Trump's 'dead economies' jab into a ghost story. 'As for 'dead economies' and 'dangerous territory', maybe he should rewatch his favorite zombie movies and remember just how dangerous the so-called 'Dead Hand', which does not even exist, can be,' he wrote. That last line was not merely sarcasm. It pointed to one of the Cold War's most terrifying legacies. The 'Dead Hand' was a rumoured Soviet-era doomsday system, an automatic nuclear response mechanism meant to launch a counterattack even if every Russian leader was dead. A machine built to end the world without a single human decision left. Medvedev's jab was not subtle. 'We will keep moving forward on our own path,' he added, doubling down on Russia's defiant posture. Trade, Tariffs and the Online Battlefield While U.S.-India relations reel from the sudden tariff shock, the Trump-Medvedev online spat has dragged Russia back to the frontlines of Washington's political rhetoric. Known for mixing diplomacy with bravado, Trump has now brought back Cold War ghosts while simultaneously souring two key bilateral equations. The timing of this digital duel has not gone unnoticed. With global elections looming and trade blocs reshuffling, every insult hits harder. Trump's tone suggests more tariffs may be on the table. Medvedev's reply hints at old strategies being dusted off. Apart from a few pointed words on social media, it is a reminder that behind every jab lies a larger battlefield, one shaped by memory, muscle and the men who still carry both.
