Market Wrap: D-Street ends higher as RBI easing, U.S. jobs data fuel rally; Sensex adds 256 pts, Nifty above 25,100
Synopsis Indian benchmark indices ended Monday's session in the green, with the banking index surging to a record high during the day, lifted by the Reserve Bank of India's surprise policy easing, upbeat U.S. jobs data, and progress in U.S.-India trade talks. Indian benchmark indices ended Monday's session in the green, with the banking index surging to a record high during the day, lifted by the Reserve Bank of India's surprise policy easing, upbeat U.S. jobs data, and progress in U.S.-India trade talks.
ADVERTISEMENT The BSE Sensex jumped 256.22 points, or 0.31%, to 82,445.21, while the NSE Nifty rose 100.15 points, or 0.40%, to close at 25,103.20.
(You can now subscribe to our ETMarkets WhatsApp channel)
SensexRBI easingNiftyU.S. jobs databanking index Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share
Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained
Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms
Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips
L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first?
Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more
SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders
API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading
Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains
Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains
NEXT STORY
Business News › Markets › Stocks › News › Market Wrap: D-Street ends higher as RBI easing, U.S. jobs data fuel rally; Sensex adds 256 pts, Nifty above 25,100
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
an hour ago
- First Post
'Willing to enhance dialogue': China on lifting export curbs on rare earth metals to India
China on Thursday signaled openness to talks with India over its export restrictions on rare earth materials, saying it is willing to strengthen dialogue and cooperation with relevant countries to help maintain stable industrial supply chains read more China on Thursday signaled openness to talks with India over its export restrictions on rare earth materials, saying it is willing to strengthen dialogue and cooperation with relevant countries to help maintain stable industrial supply chains. Beijing's recent curbs on the export of critical metals have disrupted manufacturing sectors globally, including in India, impacting industries such as automotive and semiconductor production. 'We are willing to enhance dialogue and cooperation with relevant countries and regions to jointly keep the stability of global industrial and supply chains,' Chinese Foreign Ministry spokesperson Lin Jian told PTI when asked whether China plans to lift its export restrictions on rare earth metals to India, especially as it has started approving export licences to the US and the EU. While offering no direct assurance, Lin reiterated that specific details should be addressed by the relevant Chinese authorities. STORY CONTINUES BELOW THIS AD Meanwhile, India's Ministry of External Affairs (MEA) said it is in contact with Chinese counterparts to ensure greater predictability in the supply chain, in line with international trade norms. 'We have been in touch with the Chinese side, the Chinese Ministry of Commerce and general administration of customs in early April, as you would be aware, had announced the decision to implement export controls on certain rare earth-related items. 'We are in touch with the Chinese side, both here in Delhi as also in Beijing, to bring predictability in supply chain for trade, consistent with international practices,' MEA spokesperson Randhir Jaiswal told reporters in response to a query on Thursday. On June 16, Indian Ambassador Pradeep Kumar Rawat met with Chinese Vice Minister Sun Weidong to discuss a range of bilateral issues, including shared concerns, PTI quoted a statement from China's foreign ministry. The meeting comes amid growing alarm in India over shortages of rare earth metals, crucial for the automotive, electronics, and renewable energy sectors. Reports from India have highlighted industry-wide disruptions stemming from China's recent export restrictions on these critical materials. China, which holds a dominant position in the global rare earths market, has recently begun selectively clearing export licences, particularly to the United States, following two days of high-level trade talks in London. The move came as both nations agreed to ease tensions, with US President Donald Trump declaring on Wednesday that a trade deal with China 'is done.' STORY CONTINUES BELOW THIS AD Rare earth elements, comprising 17 metallic elements, are vital for the production of magnets, batteries, and high-tech devices. While these metals are found in multiple countries, their extraction is expensive and environmentally hazardous, often leaving China as the preferred global supplier. According to the International Energy Agency, China accounts for 61% of global rare earth mining and 92% of processing output. Although China has opened dialogue with the US and EU to address concerns over supply shortages, it has yet to publicly respond to India's request for similar talks. In response, India's Ministry of External Affairs said it is engaging with the Chinese side to ensure stability and predictability in trade supply chains. Meanwhile, an Indian industry delegation, comprising representatives from the auto sector, is reportedly preparing to visit China to secure rare earth magnet imports for domestic manufacturers, sources in New Delhi said. With inputs from agencies
Time of India
an hour ago
- Time of India
JD Vance quietly visits Rupert Murdoch's ranch amid WSJ's ongoing jabs at Donald Trump and his policies
JD Vance secretly visited Rupert Murdoch's big ranch in Montana on Tuesday. He met Rupert Murdoch, his son Lachlan Murdoch the head of News Corp and Fox News, and some other Fox News execs. The ranch is huge, 340,000 acres, near Yellowstone National Park, as per reports. Vance did not tell anyone that he was coming, so people didn't know about his plans. His plane landed in Butte, Montana, and he left by car in a motorcade heading to the Dillon area. The plane flew away again after dark, according to a report by the Associated Press. After the meeting, Vance and his wife, Usha, went for a hike on the land. That ranch is called Beaverhead Ranch. Murdoch and his ex-wife Jerry Hall bought it in 2021 for $200 million from the Koch family. The ranch is 50 miles long, with a 28-mile trout creek, according to the report by Politico. It's not clear what the meeting was about, and no one from Vance's team or Murdoch's companies has commented yet. Vance had to fly 2,000 miles back to Washington, D.C., to have lunch with Trump on Wednesday. Angry Trump Trump has been upset with the Wall Street Journal, which is owned by Murdoch. He called it a 'rotten newspaper' and said it has 'gone to hell.' He also said the Journal supports China and is bad for America. Trump got upset because the Journal's editorial board wrote critical stuff about him and his policies, as per the report by Daily Beast. Live Events A Wall Street Journal opinion piece said China is winning the trade war against Trump. Another one last week slammed the Trump admin for trying to block foreign students from Harvard, saying Vance's stance was a 'false choice.' One day before that, the Journal made fun of Trump's fight with Elon Musk, saying it was 'entertaining political theater,' but mostly for Democrats. On Wednesday, the Journal published a bold headline, 'Trump Has No China Trade Strategy.' Vance is Republican National Committee's finance chair, so he's working on getting money for the 2026 midterms. The Murdoch family net worth of over $23 billion. FAQs Q1. Why did JD Vance go to Rupert Murdoch's ranch? No one has said why he visited, and the reason is still not clear. Q2. Why is Donald Trump angry with the Wall Street Journal? Because the paper wrote opinion pieces that criticized him and his policies.
The Hindu
an hour ago
- The Hindu
A good fix: On the IRCTC and ticket booking
The e-ticketing system of the Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is one of India's most widely used e-commerce platforms. Crores of Indian rail commuters and passengers use it to book their tickets, which makes it imperative that the system is run robustly. The scale of the operation is revealing — on May 22, 2025, the IRCTC processed a staggering 31,814 tickets in 60 seconds to set a new record. Yet, the popular e-ticketing system, especially the Tatkal booking part, is plagued by issues. Extremely high demand during peak hours, particularly during the designated Tatkal booking window period, often leads to crashes and slow performance. A major concern is that the system is exploited by ticketing agents who use unfair automated tools (or bots), leading to rapidly dwindling ticket availability for passengers. These issues are what prompted the IRCTC to announce two major steps. The first was a major digital overhaul of the ticketing infrastructure using anti-bot systems to prevent unauthorised automated bookings — a measure that led to the de-activation of a whopping 2.5 crore suspect user IDs. Implementation of a content delivery network also helped improve website performance. In addition, Aadhaar verification is necessary immediately after a ticket is booked. The IRCTC has also mandated Aadhaar authentication for all Tatkal bookings, from July 1, along with OTP-based authentication. Authorised agents have been restricted from booking Tatkal tickets during the first 30 minutes of the booking window period. The idea behind an e-ticketing platform and the provision of Tatkal booking of tickets are to provide equitable chances for passengers to travel. Despite more train services having been introduced over the years by the Indian Railways, which is a state monopoly, demand far outstrips supply, and passengers have to rely on advanced booking and Tatkal tickets for their travel. When agents use bots to game the system, it kills the purpose of equity. Therefore, the IRCTC's steps will bring relief to passengers. That said, the Indian Railways must focus not only on easing the process of ticketing but also on elevating the passenger experience in terms of increasing its train and track capacity to fulfil travel demand, ensuring safety and enhancing its facilities. Seen in this context, while these ticketing fixes are important, the true test for the Indian Railways will be its ability to move beyond just technical and administrative solutions and undertake a fundamental expansion of its services to serve India's large passenger clientele. In a way, meaningful expansion to meet the demand will also obviate the need for reworking technological solutions yet again in the future.
