Business

Markets Close Steady Amid Fluctuations Surrounding Trump’s Tariff Decisions

Published

11 months ago

March 12, 2025

Indian equity markets wrapped up Tuesday’s volatile session with minimal changes, reflecting rising concerns regarding the effects of US President Donald Trump’s tariff strategies. By the end of trading, the Sensex declined by 12.85 points, or 0.02%, settling at 74,102.32, while the Nifty rose by 37.60 points, or 0.17%, to reach 22,497.90.

The Sensex opened at 73,743.88, down from its previous close of 74,115.17, and fluctuated throughout the day, hitting a high of 74,195.17 and a low of 73,663.60. In a similar vein, the Nifty 50 commenced trading at 22,345.95 compared to its last close of 22,460.30, recording intraday highs and lows of 22,522.10 and 22,314.70, respectively.

Nifty Midcap 50 finished the day up by 0.91%, whereas small-cap stocks lagged; the Nifty Small Cap 100 ended at 15,198.15, dropping by 108.6 points, or 0.71%. The overall market capitalization of BSE-listed firms increased to nearly ₹394.5 lakh crore, up from approximately ₹394 lakh crore in the previous session.

Within the Nifty 50, 33 stocks posted gains, with top performers including Trent (4.94%), Bharat Petroleum Corporation (2.87%), Sun Pharmaceutical Industries (2.78%), ICICI Bank (2.52%), and Hero Motocorp (2.00%). Conversely, notable losers included IndusInd Bank (down 27.24%), Infosys (2.22%), Mahindra & Mahindra (2.17%), Bajaj Finserv (1.64%), and Power Grid Corporation of India (1.42%).

The Bank Nifty concluded at 48,216.8, following an intraday high of 48,029.05 and a low of 47,702.9. IndusInd Bank Ltd experienced its largest single-day decline, plummeting 27% after reporting irregularities in its derivative portfolio. Meanwhile, ICICI Bank shares gained approximately 2.5%, even as the larger market struggled due to declines in IT, banking, and automobile sectors.

Among the sectors, Nifty Realty excelled with a 3.63% rise, followed by Nifty Oil & Gas up 1.21%, Financial Services up 0.64%, Healthcare up 0.61%, and Metals up 0.53%. In contrast, Nifty Bank fell by 0.75%, with the Private Bank index down 1.38%, while the Nifty PSU Bank index ended flat with a slight gain of 0.02%.

The Indian rupee improved by 12 paise to 87.21 per dollar on Tuesday, compared to Monday’s close of 87.33. It experienced a flat to positive trading day, influenced by a weaker US Dollar index and a drop in US 10-year treasury yields.

Business

India May Buy More Oil From Venezuela Instead of Russia

Published

2 weeks ago

January 31, 2026

Namma Kudla

Business : The United States has told India that it can soon resume buying oil from Venezuela.The suggestion is part of a U.S. effort to reduce India’s dependence on Russian crude oil.

This pitch comes as India plans to cut Russian oil imports by several hundred thousand barrels per day in the coming months. Under the Trump administration, the United States had imposed a 25 % tariff on countries that bought Venezuelan oil, including India.

Now, the U.S. wants India to resume Venezuelan oil purchases to help diversify India’s energy sources. The United States is also trying to reshape energy ties with India as part of broader diplomatic engagement.

Venezuela’s interim president Delcy Rodríguez said she agreed with India on energy cooperation in a recent phone call with Prime Minister Narendra Modi. PM Modi said both sides agreed to deepen their partnership and expand cooperation in all areas.

Venezuela has the world’s largest proven oil reserves. Recently, Venezuela opened its oil sector to private investment to attract foreign capital and boost production.

India was one of the major buyers of Russian crude after the Ukraine war began in 2022. But India is now seeking alternative suppliers as part of its energy strategy.

Business

Chicken Prices Remain Stable in Local Markets

Published

2 weeks ago

January 27, 2026

Namma Kudla

Chicken prices remained stable in local markets today.Traders said there was no major change in rates.Consumers continued to make regular purchases.

Boneless chicken is priced at ₹210 per kilogram.Regular chicken is available at ₹160 per kilogram.Chicken liver is being sold at ₹120 per kilogram.

Country chicken is priced higher due to demand.It is selling at ₹360 per kilogram.Live chicken is available at ₹130 per kilogram.

Skinless chicken is priced at ₹200 per kilogram.Vendors said supply is sufficient in the market.They expect prices to remain steady in the coming days.

Customers expressed satisfaction with the current rates.Market officials said there is no shortage of chicken.

Business

Gold Prices Edge Up in India on January 19, 2026

Published

3 weeks ago

January 19, 2026

Namma Kudla

Gold prices in India recorded a slight increase on January 19, 2026, supported by global market trends, local demand, and movements in the rupee-dollar exchange rate.

As per market estimates, 24-carat gold, which is considered pure gold, is priced at ₹14,569 per gram, or ₹1,45,690 per 10 grams. 22-carat gold, commonly used for jewellery, is trading at around ₹13,355 per gram, or ₹1,33,550 per 10 grams.

The prices have risen marginally compared to the previous day. The increase is mainly linked to a weaker Indian rupee against the US dollar, which makes imported gold more expensive.

Gold rates vary slightly across cities such as Mangalore and other parts of the country. These differences depend on local taxes, transportation costs, jeweller margins, and regional demand.

Demand for gold remains strong due to the wedding season and festive buying, which continues to support higher prices. Investors also turn to gold during uncertain economic conditions, as it is seen as a safe-haven asset.

Experts say that global geopolitical developments, inflation concerns, and central bank policies are also influencing international gold prices, which in turn affect domestic rates.

Market participants expect gold prices to remain firm in the near term if the rupee stays weak and demand continues at current levels.