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US trade war fears wipe out $180 billion from Indian stocks in 2 days

February 11, 2025
Finance

Feb 11 (Reuters) – Indian stocks have lost about $180 billion in market value in the two days since U.S. President Donald Trump said he would slap reciprocal tariffs on several countries, with many analysts saying the world’s fifth-largest economy could be worst hit. The blue-chip NSE Nifty 50 and BSE Sensex indexes sank 1.32% on Tuesday and have tumbled a shade over 2% in the past two sessions. The broader, more domestically focused mid-cap and small-cap indexes have slid a steeper 5%. About 87%, or 2,532, of the 2,918 stocks listed on the National Stock Exchange declined on the

INDIA bloc needs to “sit and work things out”: Kapil Sibal

February 11, 2025
Politics

New Delhi [India], February 11 (ANI): After subsequent disappointments faced by major INDIA bloc parties in the recent assembly elections, senior advocate and Rajya Sabha MP Kapil Sibal on Tuesday said that the alliance will have to sit together and work meticulously to make things out. Speaking about the Congress, Sibal stated that the party always tries to work together and to move ahead with consent. He however, also admitted that sometimes the alliance faces problems citing the example of 2020 Bihar assembly elections, where a dismal show by Congress prevented the ‘Mahagathbandhan’ from reaching majority. “Congress party always tries

Stock markets decline in early trade amid relentless foreign fund outflows

February 11, 2025
Finance

Mumbai, Feb 11 (PTI) Market benchmark indices Sensex and Nifty declined in early trade on Tuesday amid unabated foreign fund outflows and fresh US tariffs that ignited trade war fears. Declining for the fifth day running, the 30-share BSE benchmark Sensex dropped 201.06 points to 77,110.74 in initial trade. The NSE Nifty declined 79.55 points to 23,302.05. From the 30-share blue-chip pack, Power Grid, Zomato, Tata Motors, UltraTech Cement, Bajaj Finserv, Sun Pharma, Kotak Mahindra Bank and Tata Steel were the biggest laggards. Infosys, HCL Tech, Maruti and ITC were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth

Congress MPs gives notice for adjournment motions in Lok Sabha over price rise, Manipur crisis

February 11, 2025
Politics

New Delhi [India], February 11 (ANI): Congress Lok Sabha MP Vijay Kumar alias Vijay Vasanth on Tuesday gave notice to move a motion for the adjournment of the Business of the House in the House seeking a discussion to control the price rise. In his notice, Vijay Kumar said that the continuous rise in the prices of essential goods, especially milk, vegetables, cooking oils, und other daily-use items is affecting millions of ordinary citizens across India. “The rising cost of living has become a significant burden for the common man, and despite the budget 2025 and ongoing policy discussions, the

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