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Stock Market LIVE Updates: GIFT Nifty signals gap-down start for Nifty, Sensex; Asia markets gain
7:47 AM
Stock Market LIVE Updates: Govt bonds, rupee seen gaining as India-Pakistan border tensions ease
Stock Market LIVE Updates: Government bonds and the rupee were expected to strengthen on Tuesday as tensions between India and Pakistan eased following a mutual understanding between the two nations.
Bond dealers anticipated that the yield on the 10-year benchmark government bond would soften by 3-4 basis points, buoyed by positive market sentiment and Open Market Operation (OMO) auctions conducted by the Reserve Bank of India (RBI).
7:45 AM
Stock Market LIVE Updates: FPI flows resume after a day's pause as India, Pak ease border tensions
Stock Market LIVE Updates: Foreign portfolio investors injected ₹1,246.5 crore into Indian markets following a weekend ceasefire that helped ease border tensions between India and Pakistan.
Stock exchange data reveals that FPIs had been net buyers for 16 consecutive sessions from April 15 until last Thursday, infusing ₹49,000 crore into Indian stocks. This sustained investment drove a nearly 10 per cent surge in the Nifty index, marking their longest buying streak since June-July 2023.
That previous streak coincided with a 10 per cent drop in the Dollar index from its 2025 peak, largely influenced by US tariffs and recession concerns. Meanwhile, the Indian rupee also saw gains, rebounding from a low of 88 in February to below 84 this month. READ MORE
7:35 AM
Stock Market LIVE Updates: Asia-Pacific markets mostly climb
Stock Market LIVE Updates: Markets in the Asia-Pacific region were mostly higher on Tuesday, after a massive rally on Wall Street in light of the US and China agreeing to a trade deal, and reduce tariffs on each other's goods.
Hong Kong's Hang Seng index was lower by 0.9 per cent, while mainland China's CSI300 was higher by 0.6 per cent.
Japan's Nikkei 225 had climbed 1.77 per cent, and the broader Topix index had advanced 1.34 per cent.
South Korea's Kospi index higher by 0.22 per cent and the small-cap Kosdaq added 1.35 per cent.
Australia's S&P/ASX 200 index was ahead by 0.55 per cent.
7:26 AM
Stock Market LIVE Updates: Wall Street futures lower after overnight rally
Stock Market LIVE Updates: Wall Street futures were lower after the overnight rally in US Stocks on the back of the trade deal between the US and China.
Dow futures were down 0.18 per cent, S&P 500 futures were lower by 0.26 per cent, and Nasdaq futures were lower by 0.34 per cent.
Overnight, on Wall Street, the Dow Jones climbed 2.81 per cent to close at 42,410.10, the S&P 500 surged 3.26 per cent to end at 5,844.19, and the Nasdaq Composite advanced 4.35 per cent to settle at 18,708.34.
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Mint
42 minutes ago
- Mint
India slaps anti-dumping duties on key chemical imports from China, EU, Japan, and Switzerland
New Delhi: The government has imposed anti-dumping duties on imports of Vitamin-A Palmitate and Insoluble Sulphur from China, Japan, Switzerland and the European Union (EU), aiming to shield domestic manufacturers from low-priced imports that regulators say are hurting local industry. According to a finance ministry notification issued late on Friday, the five-year duties follow investigations by the Directorate General of Trade Remedies (DGTR), which found that both substances were being exported to India at unfairly low prices, below cost or fair market value, and were undercutting Indian producers. These products are critical inputs for sectors such as pharmaceuticals, food, cosmetics and tyre manufacturing. For Vitamin-A Palmitate—used in fortified foods, nutraceuticals and pharma formulations—the DGTR found 'material injury' to domestic producers due to large-scale dumping from China, the EU and Switzerland. The compound, widely used in small dosages, continues to be largely import-dependent in India. Effective immediately, duties will range from $0.87 to $20.87 per kg. The highest duty has been imposed on Chinese exporters other than Shangyu NHU BioChem Co. Ltd., which will face a lower rate of $14.95/kg. Swiss producer DSM Nutritional Products Ltd will attract a duty of $0.87/kg, while other Swiss exporters will face $8.2/kg. A flat rate of $11.09/kg will apply to imports from the EU. Vitamin-A Palmitate in the strength of 1.6 MIU/Gm, used for animal feed, has been excluded from the levy. India imported $48.6 million worth of Vitamin-A Palmitate in FY25, with the bulk of the shipments coming from China and Europe, according to commerce ministry data. While the move comes as a relief for domestic Vitamin-A makers, industry players flagged India's broader dependence on imports for this compound, which is crucial for nutritional and pharmaceutical applications. 'While the anti-dumping duty provides protection to domestic manufacturers of the compound, it could raise input costs for drug makers in the short term, especially those relying on imports from Switzerland and China,' said Yogendra Sharma, a drug manufacturer. 'However, the price impact is expected to be manageable given that Vitamin-A is used in small dosages and accounts for a minor fraction of total formulation cost.' 'With global supply chains realigning, India is now far more proactive in using WTO-compliant instruments to protect its domestic industry. The Vitamin-A Palmitate case is another example of this assertiveness,' said Manish Kr Shubhay, a multidisciplinary dispute resolution expert and Partner at The Percept Law Offices. The anti-dumping duties are payable in Indian currency, based on the exchange rate notified by the Revenue Department on the date of filing the bill of entry. In a related notification, the government also slapped five-year anti-dumping duties on imports of Insoluble Sulphur from China and Japan, used primarily by tyre manufacturers to improve rubber vulcanization. DGTR's investigation found that exporters from both countries were dumping the product at depressed prices, adversely affecting profitability and pricing power of Indian producers. Depending on the exporter, the duties range from $259 to $358 per metric tonne. Chinese imports will face a flat $307/MT levy. Among Japanese exporters, Shikoku Chemicals will be charged $259/MT, while all others will attract the highest rate of $358/MT.
Hindustan Times
43 minutes ago
- Hindustan Times
Indian techie claims toxic manager blamed his father's death for project delay: ‘That was the final straw'
A techie's post on resigning from his toxic workplace has shocked many online after he claimed that one of his managers blamed his personal life, including his recent wedding and the death of his father, for project delays. Posting anonymously on Reddit, the employee detailed his experience working at the "highly toxic huge Indian company" since 2022, when he joined as a fresher on an ₹8.5 lakh CTC. The techie claimed that even after doing meaningful work for a year, his promotion was blocked by a senior manager. 'I wasn't among the people constantly trying to please him. I focused on delivering results and improving the product," he added. Unhappy with how he was treated, he resigned but was convinced by one of his seniors to stay on, promising him a 55% hike in the next appraisal cycle in April 2025. The condition was verbal, not formalised in writing. 'Yes, I know I should've gotten it in writing. But I trusted the person involved," he said. However, when appraisals finally arrived, he received only a 37% raise. Upset over this betrayal, the techie revealed that his breaking point came during a private conversation with his team lead. In the span of a few months, he had gotten engaged, married, and tragically lost his father. During the one-on-one, her manager reportedly told her, 'You should have resigned around your wedding. Do you even realise how much your marriage delayed the work? Because of your father's situation and the leave you took, my timeline commitment couldn't be fulfilled." Stunned by the statement, he hit back: 'Please watch what you're saying and think before you speak. Choose your next words carefully.' The techie revealed he resigned soon after, and even in a tough job market, he said that he knew he had taken the right call. His post has resonated with many in the Indian tech space. "I know how it is to be under a toxic person. You stood up for yourself, and we are proud of that. And one day you will be glad that you did. You will surely get into some good company," said one of them. Another wrote, "Having worked in corporate for years, I don't even know how such people continue to exist. Going back on commitment for agreed upon raise is very common, but it would be very rare for someone to even say a fraction of what your manager told you regarding your father's situation and your marriage."
Time of India
an hour ago
- Time of India
Bajaj planning a new 125cc motorcycle: Will the upcoming bike be a new Pulsar, Discover or CT125X?
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