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Markets surge in early trade on persistent foreign fund inflows

Mumbai, Apr 29 (PTI) Equity benchmark indices Sensex and Nifty surged in early trade on Tuesday amid persistent foreign fund inflows and easing tariff concerns. The 30-share BSE benchmark gauge jumped 442.94 points to 80,661.31 in early trade. The NSE Nifty rallied 129.15 points to 24,457.65. From the Sensex firms, Tata Motors, Reliance Industries, IndusInd Bank, Bharti Airtel, Mahindra & Mahindra, and Axis Bank were the biggest gainers. Sun Pharma, Nestle, UltraTech Cement, Power Grid, and Bajaj Finance were among the laggards. Foreign Institutional Investors (FIIs) bought equities worth Rs 2,474.10 crore on Monday, according to exchange data. “The strong

Rupee rises 27 paise to 84.96 against US dollar in early trade

Mumbai, Apr 29 (PTI) The rupee appreciated 27 paise to 84.96 against the US dollar in early trade on Tuesday, supported by robust foreign fund inflows, stronger domestic data, and easing global tensions. Forex traders said India’s manufacturing and industrial production, both expanded by 3 per cent, reflecting the health of domestic demand. Moreover, a strong rally in domestic equities driven by a surge in foreign fund flows further boosted sentiments. However, caution lingers, as any escalation in tensions between India and Pakistan could swiftly reverse gains and pressurise the rupee, much like past geopolitical episodes, they noted. At the

Trump made big promises and moved at frenetic speed. 100 days in, here’s what he’s done and not done

WASHINGTON, April 29, 2025 (AP) — The weeks since President Donald Trump returned to office have been a whirlwind of activity to show Americans that his administration is relentlessly pursuing his promises. With a compliant Republican-controlled Congress, Trump has had a free hand to begin overhauling the federal government and upending foreign policy. As Trump hits his 100th day in office Tuesday, his imprint is everywhere. But the long-term impact is often unclear. Some of the Republican president’s executive orders are statements of intent or groundwork to achieve what has yet to be done. On Day 1, for example, he

Rupee to weaken after Pakistan official’s comments heighten cross-border risks

MUMBAI, April 29 (Reuters) – The Indian rupee is set to weaken on Tuesday after comments from Pakistan’s defence minister warning of an imminent military incursion by New Delhi raised concerns about a further increase in tensions between the two neighbours. This comes after a deadly militant attack on tourists in Kashmir last week, for which India has blamed Pakistan. The 1-month non-deliverable forward indicated that the rupee will open at 85.12-85.16 to the U.S. dollar compared with 85.03 in the previous session. Following the remarks by the Pakistan official late on Monday, the 1-month USD/INR NDF briefly touched 85.50

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