Latest news with #DonaldTrump-VladimirPutin
Hans India
3 days ago
- Business
- Hans India
Nifty, Sensex open flat; IT, pharma stocks rally
Mumbai: The Indian benchmark indices opened flat on Thursday, as IT and pharma stocks showed considerable gains. The BSE Sensex advanced 0.15 per cent to 80,657 points. The Nifty 50 inched up to 24,638, up 21 points or 0.08 per cent. Among the broader market indices BSE SmallCap added 0.12 per cent and the BSE MidCap climbed 0.30 per cent. Sectorally, Nifty Metal lost 1.05 per cent while Nifty IT and Nifty Pharma surged 0.76 per cent and 0.93 per cent, respectively. The majority of other indices were mixed. In the Nifty pack, Infosys led the gainers, surging 1.29 per cent, followed by HDFC Life, Wipro, Adani Ports, and Apollo Hospitals. Among laggards, Tata Steel declined 1.22 per cent, followed by ONGC, Kotak Mahindra Bank and Hindalco. The market will be in a wait-and-watch mode looking for clues from the Donald Trump-Vladimir Putin summit and Prime Minister Narendra Modi's Independence Day message, said analysts. From the technical perspective, the market is oversold, and short-positions are high. Any positive news that triggers short covering can lead to a rally, said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd. "On the downside, immediate support for Nifty is placed at 24,500, followed by the 24,400–24,300 zone. As long as the index manages to hold above these support levels, extended selling pressure is unlikely. On the upside, 24,700 will act as the immediate resistance," added Hardik Matalia from Choice Broking. India's inflation rate based on CPI eased further to 1.55 per cent in July this year amid a decline in food prices. This is the lowest level of year-on-year retail inflation since June 2017. Despite uncertainties around Trump's trade stance and global risks, India's growth-inflation dynamics remain favourable for FY26, with a marginal downgrade based on tariff updates. Asia-Pacific markets traded mixed as investors bet on a rate cut by the US Federal Reserve next month. US markets ended higher overnight, as the Dow Jones rose 1.04 per cent, the S&P 500 gained 0.32 per cent, and the Nasdaq Composite edged up 0.14 per cent. Asian markets traded mixed. Japan's Nikkei fell 1.36 per cent after hitting fresh highs yesterday. The Shanghai Composite added 0.2 per cent, while the Shenzhen Component eased 0.15 per cent. Hong Kong's Hang Seng dipped 0.09 per cent, and South Korea's Kospi declined 0.28 per cent. On Wednesday, foreign institutional investors (FIIs) extended their selling streak, offloading equities worth Rs 3,644 crore, while domestic institutional investors (DIIs) were net buyers, purchasing equities worth Rs 5,623 crore.
Hans India
4 days ago
- Politics
- Hans India
Evaluating the Feasibility of Trump's Ukraine Border Adjustment Plan
A Donald Trump-Vladimir Putin summit is set to take place in Alaska on August 15 and it is anticipated that the president's Russian counterpart will bring up Trump Ukraine map plan of a Trump Ukraine territory swap in exchange for a ceasefire. Kyiv would surrender its remaining parts of Donetsk that have not yet fallen under Russian control in exchange for Moscow's agreement to end the fighting and freeze the line of contact elsewhere. Donetsk and its neighbouring Luhansk are two eastern Ukrainian regions that border Russia. Combined, they are known as the Donbas, and have been a major Ukraine war territory swap since 2014, when Moscow-backed separatists occupied parts of the two provinces. Rebel-held territories in the two regions remained under their control until Russia's full-scale invasion in 2022, after which Moscow declared the 'liberation' of more cities and formally annexed the entire area. What is the territory swap idea? CNN, citing a Western official familiar with the discussions, reported that the Kremlin had made a proposal to US special envoy Steve Witkoff in his recent visit to Moscow to swap a ceasefire for territory in Donbas that has not yet been taken by Russian forces. From Moscow's point of view, the goal is to solidify its grip over Donetsk and Luhansk and complete its long-sought control over the entire industrial region – a coal-rich an industrial hub with significant infrastructure that has played a key role in the conflict since 2014. Trump himself has previously said that both sides will have to give up land to end the war, remarks that have raised Kyiv's concerns the US would try to enforce a Ukraine Russia peace deal. The scenario most commonly discussed is one in which Ukraine would retreat from the remaining areas it holds in Donetsk, while Russia would stop its offensives in the southern Zaporizhzhia and Kherson regions and agree to freeze the line of contact.
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Business Standard
6 days ago
- Business
- Business Standard
Indian Rupee gives up early gains to close flat; ends at 87.66/$
The Indian Rupee gave up early gains on Monday to end flat against the US dollar as trade tensions kept traders wary ahead of the Donald Trump-Vladimir Putin meeting later this week. The domestic currency closed flat at 87.66 against the dollar on Monday after opening 16 paise higher, according to Bloomberg. The rupee has depreciated by 2.4 per cent in the current financial year, whereas it has witnessed 2.2 per cent depreciation in the current calendar year. US President Donald Trump said he plans to meet Russian President Vladimir Putin in Alaska on Friday to broker an agreement to end the war in Ukraine. Any ceasefire could be positive for India, as the additional 25 per cent tariff Trump levied on Russian oil purchases would be void. Rupee traded flat, holding steady as recent weakness in the dollar index provided some support, according to Jateen Trivedi, VP research analyst - commodity and currency at LKP Securities. "Reports of possible US-Russia discussions on a Ukraine-Russia peace initiative helped the rupee remain stable despite an overall weak trend." On the tariff front, Trump stated that no further trade negotiations will take place with New Delhi until the tariff issue is resolved. The dollar index, the measure of the greenback against a basket of six major currencies, was up 0.12 per cent at 98.29. The Rupee is expected to be vulnerable in the short term as the US President's 50 per cent tariffs have triggered a risk-off sentiment from foreign portfolio investors (FPIs). FPIs have sold equities worth ₹17,924 crore so far this month. Meanwhile, as the Reserve Bank of India (RBI) curbs rupee weakness by selling dollars, exporters may sell near-term receivables, while importers may look to buy cash or weekly positions at the day's lows, Anil Kumar Bhansali, head of treasury and executive director at Finrex Treasury Advisors LLP, said. In commodities, crude oil prices extended declines as traders looked to upcoming talks between Russia and the US. Brent crude price was up 0.01 per cent at 66.60 per barrel, while WTI crude prices were lower by 0.06 per cent at 63.84, as of 3:40 PM IST.
