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Stock markets give up early gains; trade lower dragged down by Axis Bank

Mumbai, Apr 25 (PTI) Equity benchmark indices Sensex and Nifty rebounded in early trade on Friday amid continuous foreign fund inflows and a rally in global markets, but failed to carry forward the winning momentum and were later trading lower dragged lower by Axis Bank. The 30-share BSE benchmark gauge climbed 329.23 points to 80,130.66 in early trade. The NSE Nifty rallied 118.75 points to 24,365.45. However, later both the benchmark indices gave up early gains and were trading lower. The BSE benchmark traded 174.24 points lower at 79,627.19, and the Nifty quoted 94.35 points down at 24,152.35. From the

Rupee rises 25 paise to 85.08 against US dollar in early trade

Mumbai, Apr 25 (PTI) The rupee gained 25 paise to 85.08 against the US dollar in early trade on Friday, supported by significant foreign fund inflows and the rhetoric from the US trade secretary that India could be the first to sign a trade tariff treaty. Forex traders said India is presenting a picture of quiet strength. The Reserve Bank of India, in its recent bulletin, emphasised India’s growing economic resilience, driven by strong macro fundamentals, diverse trade ties, and rising global interest in Indian markets. A prospective trade agreement with the US further boosts India’s strategic edge, they noted.

India and Pakistan again teeter on the brink of conflict over Kashmir. Here’s why

NEW DELHI, April 25, 2025 (AP) — A deadly attack on tourists in Indian-controlled Kashmir has again moved India and Pakistan closer to war as the two rivals downgraded diplomatic and trade ties, closed the main border crossing and revoked visas for each other’s nationals. Pakistan has denied it was behind Tuesday’s attack that killed 26 mostly Indian tourists at a scenic spot in the Himalayan region, where India claimed it restored a sense of calm despite a decadeslong rebellion. A previously unknown militant group calling itself Kashmir Resistance has claimed responsibility for the attack. India and Pakistan have fought

Gold price steadies amid U.S.-China trade deal hopes

April 25 (Reuters) – Gold prices steadied on Friday, on track for a third weekly gain, as investors maintained a bullish outlook while closely monitoring developments in the U.S.-China trade negotiations. Spot gold was steady at $3,348 an ounce as of 0250 GMT. U.S. gold futures gained 0.3% to $3,359. “While crowded positioning in gold may warrant a short-term pause, the pullback has so far been limited, as investors continue to view gold as a compelling hedge amid ongoing uncertainty,” said IG market strategist Yeap Jun Rong. U.S. President Donald Trump asserted on Thursday that trade talks between the U.S.

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